Word: cfo
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...said it would cut production of new bikes this year between 10% and 13%. But analysts like Ed Aaron, of RBC Capital Markets in Denver, say that's hardly enough and that the company's sales projections are overly optimistic. In an interview last week, Bergmann, Harley-Davidson's CFO, said that given the company's plans to shed more than 10% of its workforce and close some factories, "I actually think we're going at it the right way. I think Wall Street will eventually appreciate how we're managing to be proactive throughout this." Even Warren Buffett...
Further complicating matters: James Ziemer, a nearly four-decade company veteran who was named CEO in 2005 after having served as CFO, announced plans to leave the post. Bergmann, the current CFO, is considered a candidate to replace him. But the company is likely to choose an outsider with a stronger marketing background to assume the post with a fresh set of eyes to guide Harley-Davidson through its current crisis. (See the 50 worst cars of all time...
...retail business, charged with giving stores a graceful exit from this earth (at 60% off!). And when they tell strangers what they do for a living, it's sometimes hard to do it with great gusto. "'Liquidator' sure has a negative connotation, doesn't it?" admits Paul Erickson, CFO of the Great American Group, one of the largest liquidation firms in the country. The wife of Jim Schaye, CEO of Hudson Capital Partners, another major liquidator, didn't want her husband to broadcast his career when they first met. "She thought people would think I'm a vulture," he says...
...plasma TVs sit at 10% off? They won't tell the customer, of course. The Great American Group wants you to buy, now, before it's forced to move the discount down to 20%. The customer also has to make some bets. For example, Erickson, the Great American CFO, worked on the liquidation for the Montgomery Ward department stores a few years back. He gave himself a 30% off threshold for a backyard shed. Once the sale dropped that far, he would jump. But all sheds were gone from the store at 20%. "I got screwed on our own sale...
...have to people who work at companies that are hiring. Premium, paid features boost the number of listings that searches yield and enable users to contact those outside their social network. At least one executive from every FORTUNE 500 company is now on the site--and Oracle's new CFO landed his post through his LinkedIn profile...