Interesting article and if I read this correctly: • They seem to be implying that CEOs are normally wealthier than CFOs, but this is not because of salary, but stock options. • What many of these finance chiefs often have in common is public-company experience, with previous IPO experience an especially hot commodity.. A
Forget about learning to code—to get rich in tech, become an accountant
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I was interested to read about the revolving door. IPO-ing as CFO is a real specialty now, and it looks like many companies just bring in a CFO gunslinger for the IPO and then swap out for a long-termer afterwards. The practical implications for that are: a)early stage CFOs getting let go 18-24 months prior to IPO in favor of the "IPO gunslinger CFO" (I'm trademarking that), b)bringing in the gunslinger, and c)hiring a long-term CFO who will operate the company post-IPO. That's one heck of a lot of disruption for CFOs. It's also specialization that provides opportunity for those with the right skills.
Very interesting. Thanks, Wayne, for bringing that article to my attention!
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