examined. The CEO of Pinnacle‚ Don Anglos‚ has the opportunity to acquire Hoilman Inc. If Pinnacle Machine Tool Company acquires Hoilman Inc‚ they have the resources to develop software that transmits real-time information on its customers’ equipment. This advantage will enable the company to upgrade itself and be more sufficient to its customers. However‚ CFO and some of the senior managers on Pinnacle Machine Tool Company do not agree that gaining Hoilman Inc. is a grand idea. The CFO feels that
Premium Customer service Customer Management
of months. Interwest’s CFO found that the employees are not giving full concentration while data entry. Interwest continuously making wrong report and for this reason it deprived of getting federal funds from Government‚ which is a huge loss for them. The CFO Mr. Sing addressed the problem and managed a meeting with the employees including the CEO in order to fix the problem; but‚ the result is zero. Moreover‚ the employees said Mr. Sing is not taking care of patients. The CEO feels pressure do not
Premium Decision making Employment Problem solving
not adding up with the amounts money was being taken and there was really no good explanation. They found out that the CEO at that time Dennis Kozlowski and the CFO Mark Swartz failed to disclose millions of dollars of low interest and interest free loans from Tyco. The company was so far in debt they almost had to file bankruptcy‚ the unethical behavior from the CEO and the CFO resulted in the shareholders lost millions of dollars because their shares went from $60 dollars down to $15 dollars. It
Premium Dennis Kozlowski Corporate governance Tyco International
Financial Officer (CFO) primarily represents the highest position level of fiscal leadership and financial management service in the business sector. As a member of the organization’s executive leadership and management team‚ the CFO currently occupies a very crucial and viable position in today’s global business society. However‚ this present level of CFO’s recognition has not always been identifiable or appreciated by non-for-profit and profit organizations. May (2001) state that “CFOs are some of
Premium Corporate governance Board of directors
Prepared for The Journal of Applied Corporate Finance Vol. 15‚ No. 1‚ 2002 How do CFOs make capital budgeting and capital structure decisions?1 John R. Graham Associate Professor of Finance‚ Fuqua School of Business‚ Duke University‚ Durham‚ NC 27708 USA Campbell R. Harvey Professor of Finance‚ Fuqua School of Business‚ Duke University‚ Durham‚ NC 27708 USA National Bureau of Economic Research‚ Cambridge‚ MA 02912 USA March 8‚ 2002 1A longer and more detailed version of this paper is published
Premium Balance sheet Management Generally Accepted Accounting Principles
ORGANIZATIONAL STRUCTURE OF CARREFOUR ----------------------- Daniel Bernard CEO and Chairman of Carrefour Daniel Bernard CFO of Carrefour Bruce Johnson Director of Organization and Systems William Andersen Director of Merchandise and Marketing Joel Saveuse Director of Europe Zone Philippe Jarry Director of America Zone René Brillet Director of Asia Zone Expanded Committee Javier Campo Director of DIA International
Premium Corporate governance Hierarchy Structure
maker‚ manager and a board developer. That is a lot of responsibility on one’s shoulders and with that being said I do believe future CEO’s should be trained in the finance department. They should be trained in the finance department and groomed for CEO because they have a better insight of where the company is how to get it and its employees where they want to be. Companies that promote within always have higher employee‚ customer loyalty. Everything I have said is positive‚ but with all good comes
Premium Corporate governance Executive officer Chief executive officer
“adjusting journal entries” spread out on his desk. He had been appointed chief financial officer (CFO) of Electro Scientific Industries‚ Inc. (ESI)‚ a multi-million dollar equipment manufacturer‚ just a few weeks earlier. Okumoto was in the midst of closing the company’s books for the third quarter of fiscal year 2003‚ which ended February 28. An experienced executive who had served as CFO for several other technology firms‚ Okumoto was familiar with the task‚ which normally would be routine
Premium Corporate governance Chief financial officer Fiscal year
at stake for each of them? Foley: She believed that the advice of consultant was not correct. She did not want CEO to sale the hospital. First‚ she was just promoted to be Senior Vice President and COO. She was quite satisfied with this job because she had more responsibility for the hospital and more chance to complete her MAB. What is more‚ she had a strong mentor‚ CEO. Right now‚ CEO was counting on her support. If she disagreed with him‚ he might lose confidence on her. So she might lose career
Premium Health care Health care provider Health
a primary concern for Nickolas Anaptyxi‚ CEO‚ is continued growth for the company. Paragon’s current tool manufacturing line is surviving in a fairly saturated market‚ but not exactly thriving. Mr. Anaptyxi’s primary goal since his start at Paragon is to grow the then small company through acquisitions. The company continues to fund more and more acquisitions while continuing to show diminished profits. While the CFO continues to debate with the CEO‚ Nick Anaptyxi‚ Mr. Anaptyxi’s strategy continues
Premium Management Mergers and acquisitions Manufacturing