A CFO on a job hunt is responsible for spelling out what makes him or her valuable to a particular employer, Cindy Kraft writes. Prove you're an expert worth a premium paycheck, not a commodity, she writes.
The hardest part about landing a finance job is fitting in, Cindy Kraft writes. That's why chief financial officers should develop and a communicate a strong personal brand, because sending a message about who you are will make it easier for employers to match you with the right role, Kraft writes.
U.S. companies have cut back sharply on capital spending, leading to a sharp increase in one measure of available cash, the Georgia Tech Financial Analysis Lab said in a report. "What is especially remarkable about the improvement in free-cash margin is that it is coming despite a continuing weakness in revenues," accounting professor and report co-author Charles Mulford said.
Robert Reoch, a credit derivatives consultant, uses a crash of a modified sports car as an analogy for the financial crisis and derivatives. Reoch explains that derivatives themselves are not to blame for the crisis. "As with so many things in life, accidents are mainly caused by the driver, not the vehicle," he writes.
Boeing and several other companies are voluntarily submitting details about their carbon dioxide emissions to the Carbon Disclosure Project in London, which produces industry "snapshots" and shows how a company compares with others in its sector. Experts hope the effort will encourage companies to change their energy consumption habits before their governments force them to do so.
Many fired CFOs say they never saw their pink slip coming, but you should, Cindy Kraft warns: "Every CFO is only as safe as a satisfied board, a congenial CEO, and a healthy bottom line." She suggests that you make a career-survival plan to be prepared for the possibility. "Wouldn't it be great to ... respond to a great opportunity rather than be forced to react to a pink-slip?" she writes.