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If a finance person is put in charge of a company it is time to leave that company. Finance people inevitably optimize for short-term gains and tend to lack any
by etempleton 3y ago
If a finance person is put in charge of a company it is time to leave that company. Finance people inevitably optimize for short-term gains and tend to lack any instinct for the long term. It is not their fault. It is all they know. They are hammers in search of a nail.
- scrollaway 3y agoYou completely missed my point. An accountant may be dealing with finances but they are a very different role from that of a CFO. In general you also don’t put an accountant “in charge”, period, just as you don’t put a sysadmin “in charge”. It doesn’t make sense. It’s also untrue that financial people “inevitably” optimise for short term gains. Of all people they’re often the ones best placed to optimise for long term. But they don’t necessarily understand the heart of the business, so they shouldn’t be in charge either if it’s the case.