DATA STRATEGY INTRODUCTION
A Chief Financial Officer (CFO) was approached by the CEO and asked for an accounting of the company’s financial assets. The CFO gave a vague response indicating a lack of knowledge of the corporate bank accounts, had little idea what was in each account, and had no idea about the status of accounts receivable. The Board of Directors asked the CEO about the intended use of the corporate assets and were told “there is no plan for their use.” The CFO and the CEO were soon pursuing new personal interests.
2005-05-23
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