CFO churn
Friday, September 5th, 2008CFOs don’t last on the job more than three years
CFOs don’t last on the job more than three years
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CNew research shows chief financial officers are more likely to become bosses than anyone else.
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What impact does it have on CFOs when the company admits it has screwed up and makes a material weakness disclosure under Section 404? Not real flash, according to a new study. They lose their bonuses.
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Now that the Justice Department got its first backdating scalp in Brocade Communications System’s former CEO Gregory Reyes, the Securities and Exchange Commission has now targeted company’s former chief financial officer, Michael J Byrd, claiming he was well aware of the falsification of the documents.
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