Word: cfo
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...recent years taken the reins at some of the world's biggest companies. Arun Sarin, a native of Madhya Pradesh in central India, is CEO of Britain's Vodafone. Three months ago, Indra Nooyi was named CEO of PepsiCo after serving five years as the U.S. beverage giant's CFO. Indians have credibility as managers, says Hemant Luthra, head of the Systems & Automotive Technologies division at Indian car-and-tractor manufacturer Mahindra & Mahindra. This was not always so. Luthra remembers visiting Hong Kong in 1991 when India's government was close to bankruptcy. "I had $100 in my pocket...
Ghesquière has the capacity do that, given the time--he has to do at least two pioneering collections a year--and the freedom. "Creativity is the lifeblood of our company," says Robert Polet, CEO of Gucci group. "My CFO doesn't like it when I say this, but I am happier with the output of creativity of all our brands than I am with the bottom line." The pressure to create something new, however, is intensified by the pressure to move the huge corporate machine. Even John Galliano and Jean Paul Gaultier, both radical creative catalysts, have...
Using castoffs can have hidden costs. When you take someone else's junk, it's hard to know exactly what you're getting. "The waste streams aren't always consistent--or consistently available," says Betsy Cotton, TerraCycle's CFO. Pacific Biodiesel has run out of cooking-oil suppliers and is exploring the idea of growing crops like soy or sunflower to provide oil for fuel...
...Credits went where they belonged: "New banks immediately accomplished their basic function - that of extending credits to encourage budding businesses," says Ulf Wokurka, a former Deutsche Bank director and now CFO of Samruk, Kazakhstan's holding company, which runs such giants as KazTelecom and oil and natural gas firm KazMunaiGaz...
...Credits went where they belonged: "New banks immediately accomplished their basic function - that of extending credits to encourage budding businesses," says Ulf Wokurka, a former Deutsche Bank director and now cfo of Samruk, Kazakhstan's holding company that runs such giants as KazTelecom and oil and natural gas firm KazMunaiGaz. The state rapidly privatized over 10,000 trading, service and industrial firms. As often happened in post-Soviet countries, the best of these firms were sold off to insiders, shoring up the power bases of important clans. But the biggest economic engine was oil, and that required outside help. Says...