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>> 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 sa
by 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.