CFO Insider is a bi-weekly newsletter from Business Insider that delivers the top news and commentary for chief financial officers and other finance experts.
On CFO.com, Sullivan & Worcester partner Howard E. Berkenblit considers how a Trump presidency might impact the financial sector. Berkenblit admits it’s difficult to predict, but looks to Trump’s past statements and business record for clues. For instance, he believes Trump would come down hard on CEO compensation, while promoting efforts to get more capital in the hands of small-business owners.
A battle over Yahoo’s board puts pressure on the CFO (The Wall Street Journal)
According to The Journal, Yahoo’s fight with activist investor Starboard Value is forcing its CFO, Ken Goldman, to “justify many of Yahoo’s recent failures, particularly its $1.1 billion purchase of blogging website Tumblr in 2013.” Goldman took over the top finance job in 2012, shortly after CEO Marissa Mayer was hired to turn around the foundering internet company. The publication notes that Yahoo’s persistent problems could tarnish Goldman’s legacy.
Wall Street’s brightest minds reveal the most important charts in the world (Business Insider)
Business Insider recently asked some of the sharpest strategists and reporters on Wall Street for one chart that’s at the top of their minds right now. Among the many selections, Vanguard Group’s John Bogle chose a chart showing that the link between stocks and GDP has changed over the past 20 years, and Marc Chandler of Brown Brothers Harriman & Co. highlighted one on the shrinking middle class.
The former finance powerhouse has a new book coming out called “Full Circle: A Memoir of Leaning In Too Far and the Journey Back.” A reviewer writes about takeaways from Callan’s career, including that you shouldn’t let work encroach on your free time, that you should make time for important non-work endeavors, and that you should use your work to make an impact on the broader community.
Scientists say 4 characteristics could predict whether you’ll become a CEO (Business Insider)
Want a promotion? According to a new study led by Steven N. Kaplan at the University of Chicago Booth School of Business and Morten Sorensen at Copenhagen Business School, there are four key characteristics that can predict whether you’ll become a CEO: general ability, execution skills, charisma, and strategic skills. Ambitious finance professionals may want to work on these things, since researchers found that CFO candidates tended to score low on all four characteristics.