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I don't think this is the b-school experience, more likely it's a result of management consulting experience. Consultants often get into this mindset that they
by hkarthik 13y ago
I don't think this is the b-school experience, more likely it's a result of management consulting experience.
Consultants often get into this mindset that they need to find a way to show their value in the most immediate way to their clients, in order to justify their high fees. Basically showing how quickly they "pay for themselves".
Coming in as a brand new CFO, you have to prove yourself quickly and justify the high salary you just took. The easiest way is to do that, is to find cost savings within the company and implement them expediently.
- jtbigwoo 13y ago>> Coming in as a brand new CFO, you have to prove yourself quickly and justify the high salary you just took. The easiest way is to do that, is to find cost savings within the company and implement them expediently. Right. I bet the CFO in the story had a two- to five-year time horizon for this job before he/she was planning to move out and up. As such, the CFO needed to make an impact in the first year or two in order to get noticed by bigger players in years two through five.