Interim managers
Article Abstract:
Interim managers are highly paid management experts who are hired to be senior executives for a short period of time, usually no more than a few months. These interim managers have typically built up expertise in a given management field by serving in a senior capacity at an established company. Their work is similar to that of consultants except that instead of just dispensing advice on how to arrive at solutions, they are also expected to implement the solutions proposed. Interim managers usually get their jobs by relying either on an agency that specializes in filling short-term executive positions or by leveraging their own personal network of connections. Profiles of two fairly successful interim managers are provided. One is a former group finance director who offers his services to companies that are undergoing restructuring, while the other is a former engineering firm owner who offers his services to small industrial companies.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1995
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Gambles aren't guaranteed
Article Abstract:
Sales of insurance bonds have increased dramatically in recent years with sales surpassing the one billion pounds sterling mark in 1991. The seemingly high returns on these insurance bonds have been the principal reason why they have attracted many investors. However, there is growing concern that many investors may not be aware of the risks associated with these bonds. The fact is that while high return rates for the first or second year are guaranteed, return rates in later years are dependent on the investment performance that insurance bond managers achieve and may be far less than the rates projected. It is therefore imperative that potential investors in these insurance bonds be apprised of the risks involved. Among other things, it would be advisable to inform them that these bonds need to be considered as medium- to long-term investments since they usually carry penalty clauses for early surrender.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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