Fin301 Case Assignment Essay

As you get higher within the ranks of a company, with more experience, the salary increases. The salary for a CFO is $115, 000 per year on average. (Summary;Salary). The more education one has, the higher the earning potential. The education requirements for an undergraduate generally include a degree in accounting or finance from a four year college with a good financial program. (Griffiths) Some work in the field for a time, and then go to business school to earn an MBA in Finance, while others go directly to earning an MBA. With going from a Bachelor's degree to an MBA, there is an increase in pay due to the greater education and there will be a position change from Junior Management to Senior Management (Griffiths). As with any upper level position that requires a graduate degree, there are many necessary skills. Socially, people who have this job must have a high degree of communication skills. They must have high attention to detail and very good self discipline. Self discipline is one of the most needed traits to be in the business finance vocation because of multiple tight deadlines. Generally, the working conditions for this type of job are in an office in a corporation. The largest employers in this cluster are Multi-National Corporations, with divisions in many different countries, and with revenues exceeding five billion dollars. As the

I also said that the CFO has to be a person who knows the company’s operations and financial structure very well so she has to be an insider. Then, Kristin supporters said that she is working on the same position in a peer company and can bring a new insight into the company. They also mentioned that she has international work experience and she is an excellent public speaker.

Another central feature of the board of directors is the question of whether the CEO is also the chairman of the board. When the CEO is also the chairman this is often referred to as “CEO duality”. In the US the CEO is often the chairman of the board. Studies have shown that the board in most cases

As a CEO or a member of the management team it is important to have a very clear understanding of all the financial documents that are available to them. It is not only their duty but their responsibility to know these documents and finances extremely well because

9. What is the Cost of Debt, before and after taxes? Using the interest rate for the largest debt…cannot use the weighted interest rate for the debt since it includes capital lease obligations with no stated rate and could not find in the notes to the financials. 5.4% After tax cost is .054 x (1-.36) = 3.5%

The disadvantages include that there are usually relatively few jobs available in a specific location. You may need to move to get the position that you want. CEO positions tend to turn over more frequently than other positions due to volatility of boards. So this generally, leads to less job security than other positions. You have to be self-confident and comfortable enough to make decisions and accept the consequences. A leader will never succeed by blaming others for outcomes of their decisions. If you can’t shoulder that responsibility, you will not succeed.

2. Are the roles of the chairperson and chief executive officer (CEO) exercised by different individuals? This clear division of responsibility would help to counterbalance the power and influence of the CEO in the decision making of the company’s directors. Furthermore, this would enhance the supporting role that may be assumed by the chairman in being the CEO’s confidante.

The area that I chose to discuss under the CFO is the Director of Budgeting. The roles and responsibilities include handling the budget, and managing all expenditures and its limits, supervising staff, and analyzing profit goals, revenue, and expenses while complying the regulations of not only the company but the state and federal industry as well. Some additional methods of management that would fall under this area include directors of human resources. They work hand in hand with each other when it comes to making sure funds are available for new staff hiring, new functions of operations, employee medical and dental benefits, etc.

Although the CEO states that the CFO’s style compliments his own style, their differences in strategies and overall mindsets may prove disastrous for the company. The fact that the CFO thinks the company should consider selling of their existing services line while the CEO is talking about acquiring an entire company for their service lines makes not synergy between the two. They may spend more time spinning their wheels arguing over viewpoints than making progress in the company’s growth. Additionally, the CEO’s concern that he may lose the CFO if the deal is finalized should not be a showstopper for the CEO if the deal is in the best interests of the

In my tenure as a manager there have been at least a dozen different Chief Executive Officers (CEOs). One of

· * From the mini case, recommend two (2) desired characteristics of a board of directors. Provide support for your response, citing the ways in which these characteristics usually lead to effective corporate governance.

3. Conduct an analysis of Williams’ sources and uses of funds during the first half of 2002. How do you expect these numbers to evolve over the second half of 2002? What is the problem facing Williams? How did it get into this situation? How has it tried to address the problem it is facing?

To successfully steer a corporation across the span of years by integrating its strengths toward the goal of creating wealth, requires from the CEO exceptional thought and judgment. Excellent CEOs are as rare as MLB-caliber pitchers or NFL-caliber quarterbacks. And in the business world, every day is the Super Bowl. There is no off-season or respite from the need to perform at one's peak.

Like most multinational corporations, the shareholders own the company and they may also be the board of directors. A Chief Executive Officer (CEO) will be appointed to nominate and manage the operation of the company as a whole. A Chief Operating Officer (COO) will be managing the company’s day-to-day operations and reports them to CEO. The Chief Financial Officer (CFO) will be managing the finance and account together with the

First and foremost, it is important to know exactly what a CFO does and how he or she goes about doing it. The chief financial officer position is accountable for the administrative, financial, and