Word: cfo
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Google's new CFO, Patrick Pichette, is leading the company's belt-tightening. A former executive at Bell Canada, his impact was already evident in the firm's third-quarter results, which it announced in October. Although the company's revenue was slightly lower than analyst estimates, earnings were higher due to cost-cutting measures spearheaded by Pichette, such as decreasing the number of new hires. "Google has certainly gotten religion on expenses, and that is due largely to the new CFO," says Sanford Bernstein's Lindsay...
...chief executive officer L. Dennis Kozlowski’s $6,000 shower curtain. These sentences—ranging from 8 1/3 to 25 years of incarceration—were considered forceful messages to other executives tempted to skim off their company’s bottom line. Yet Kozlowski and CFO Mark H. Swartz could be granted parole after just six years in prison...
...retrospect, excessive risk, the tone typically came from the top. Goldman Sachs, which has a long history of CEO interest in risk management and rotates its traders and risk managers through one another's jobs, pulled back from mortgage-related securities earlier than most after direct orders from the CFO...
...Office of Budgets and Financial Planning Dan Shore was named Harvard’s vice president for finance and chief financial officer on Monday. In addition to his official position, which he had held since 2003, Shore had been serving as Harvard’s acting CFO since Elizabeth Mora’s abrupt departure last May. After Mora’s resignation, University President Drew G. Faust said in an interview that she was unsure whether the position would ever be filled again, in light of the recent creation of the position of executive vice president. And last month...
That's why Gwyneth Paltrow wore custom-made, 6-in. (15 cm) Alexander McQueens at an Iron Man premiere and Sarah Palin donned Naughty Monkey Double Dare pumps at the Republican Convention and former Lehman CFO Erin Callan navigated Wall Street in skyscraper spikes. Because heels are the perfect shoes for negotiating the complicated landscape where authority meets beauty. Think of them as a peacock's tail--if each feather were also a poison dart...