December 2008

CFO.com is rounding up the year with collections of top stories in 2008. Their list of top Careers stories is here. Whether your job search is proactive or reactive, there's lots of good information for your 2009 career change: Crisis Demands New CFO Skills Rather suddenly, companies aren't any longer looking to make accountants into […]

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The Economist considers whether today's economic uncertainty will shift the fragile balance of power between old-school managers and their computer-savvy, collaborative, confident (some say overly entitled), Net Generation employees. Net Geners will certainly have to temper some of their expectations and take the world as it is, not as they would like it to be. […]

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Do not miss this front-page article in today's Washington Post on AIG: The Beautiful MachineBy Robert O'Harrow Jr. and Brady DennisWashington Post Staff WritersMonday, December 29, 2008; Page A01 This is the first of three articles in the Washington Post detailing the history of AIG's Financial Products division and how it brought down the venerable […]

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The office is closed and I am heading up to Sonoma.  My eyes are on the mend and I will be posting up a storm after the New Year. In the meantime, I wish you all a joyous and relaxing holiday.  Best wishes, – Erin

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This does not bode well. Fed Statement is here. Coverage: New York Times Wall Street Journal Paul Krugman's Blog Bloomberg

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Where is Erin?

by Erin McCune on December 17, 2008

in Caught My Eye

ForteBlog readers, I must apologize for my relative silence. I've had trouble with my eyes the last few weeks which in turn makes it uncomfortable to view my computer screen. Doctors have been consulted and I am on a course of treatment that is helping (its apparently an allergy that has caused the inflammation). But […]

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According to Gordon Grand, head of CFO recruiting at search firm Russell Reynolds Associates CFO is "the least secure job in corporate America" as reported in the WSJ. Recruiters and finance chiefs say CFOs are quitting or being ousted because the demands of the job are growing. CFOs were handed new responsibilities in 2002 by […]

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A new report from Aite indicates that small businesses are interested in checking their balances, transferring fund and paying bills via their mobile phone. More than 60% of small businesses currently bank online, and are showing a greater demand for multichannel banking, including mobile banking services. In fact, approximately one-third of those interviewed expressed a […]

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It's official. We entered a recession in December 2007. Read the statement from the National Bureau of Economic Research (NBER) here. Coverage: Wall Street Journal New York Times The Economist Free Exchange Blog Bloomberg

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Some levity for you via the Freakonomics blog. Last week they posted this photo of President Bush congratulating Nobel-prize winning economist Paul Krugman and ran a caption contest.  Photo: The Economist What was Krugman thinking? Check it out: Call for entries – see comments for the 300+ captions that were submitted. There are 200 more […]

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Not surprisingly, CFOs and finance executives are struggling to forecast revenue and profit in the midst of market uncertainty. CFO Magazine reports that companies are strengthening their scenario-planning, sensitivity analysis, and contingency planning capabilities and refreshing their plans more frequently. CFO.com forecast survey (November 2008): Source: CFO.com Read more here.

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Over at the Bankervision blog an exchange between leading banking bloggers Chris Skinner (of FinanSer) and James Gardner (at Bankervision) has prompted a lively exchange of comments from the banking and social media community online. This is my contribution to the commentary From my perspective, banks should proactively participate in social media, not to make […]

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According to a recent survey by CFO.com of finance executives, not only does it cost more to borrow in the current climate, but the quality and breadth of services available from commercial lenders has deteriorated. Seems the bankers are too preoccupied trying to remain in business and keep their jobs to tend to their customers. […]

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The Financial Page in next week's New Yorker is devoted to Timothy Geithner: For better or worse, we now live in a world in which the Treasury Secretary controls hundreds of billions of dollars in spending and shapes the fate of some of the nation’s biggest companies. That’s quite a job to ask someone to […]

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Condolences to her family and to Bill McBride at Calculated Risk. Her expertise, dry humor, and prescient commentary will be missed. From the NYTimes Thanks in large part to Tanta’s contributions, Calculated Risk became a crucial source of prescient analysis as the housing market at first faltered, then collapsed and finally spawned a full-blown credit […]

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