So you want to be a CFO? How to ride the 'Doom Loop' to a winning career

Article Abstract:

Because the average U.S. firm has an opening for a chief financial officer (CFO) only once each decade, the chances of most managerial accountants to become a CFO are slim. However, an analysis of the CFO job requirements, whether treasury oriented or control oriented, can help the accountant develop his career by accepting job offers that contribute to his profile as a potential CFO. Moreover, accountants need to change jobs depending upon where they are in the 'Doom Loop'. The Doom Loop describes the psychological pattern of most employees - the excitement experienced while the job is new levels off to boredom as the skills required to complete the job responsibilities are learned. Managerial accountants are advised to change jobs when the Doom Loop indicates, and to accept new jobs that will allow them to grow without being bored.

Methods, Employment, Chief financial officers, Career development, Controllership

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President's portfolio

Article Abstract:

Trimark Investment Management Inc. Pres. and CEO Arthur Labatt believes that maintenance of a limited number of investments is the key to his firm's success. This limited list enables Trimark to keep close contact with the firms it invests in. The weakest firm is the one replaced when a fund manager decides to invest in a new company. The number of stocks per fund is also kept to a certain limit.

Investment Offices, Investment Companies, Open-End Investment Funds, Officials and employees, Investments, Economic policy, Mutual funds, Financial institutions, Institutional investments, Trimark Investment Management Inc., Labatt, Arthur

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