{"id":1617,"date":"2006-05-25T17:10:00","date_gmt":"2006-05-25T17:10:00","guid":{"rendered":"http:\/\/www.patheos.com\/blogs\/drishtikone\/2006\/05\/cfos-or-jumping-jacks\/"},"modified":"2006-05-25T17:10:00","modified_gmt":"2006-05-25T17:10:00","slug":"cfos-or-jumping-jacks","status":"publish","type":"post","link":"https:\/\/www.patheos.com\/blogs\/drishtikone\/2006\/05\/cfos-or-jumping-jacks\/","title":{"rendered":"CFOs or Jumping Jacks??"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><head><meta http-equiv=\"content-type\" content=\"text\/html; charset=utf-8\"><meta http-equiv=\"content-type\" content=\"text\/html; charset=utf-8\"><\/head><body><p>A study released Monday contains some troubling, even shocking, implications for CFOs: CFO turnover at Fortune 500 companies continues to rise (16 percent over last year\u2019s turnover rate), while the frequency with which CFOs ascend to the CEO spot is dropping.<\/p>\n<p>\u201cThe CFO seat is not just a \u2018hot seat,\u2019 it\u2019s a dead end,\u201d reads the press release for Russell Reynolds Associates 2006 \u201cFinancial Officer Turnover Report.\u201d<\/p>\n<p>That\u2019s bad news for CFOs \u2014 but good news for controllers, who are fast becoming the \u201crock stars\u201d of the finance department as they leverage \u201ctheir status for better pay at different companies.\u201d<\/p>\n<p><a href=\"http:\/\/www.russellreynolds.com\/post\/publications\/CFOTurnoverSurvey.pdf\" target=\"_blank\" class=\" decorated-link\" rel=\"nofollow\">link for the survey<\/a>..<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>A study released Monday contains some troubling, even shocking, implications for CFOs: CFO turnover at Fortune 500 companies continues to rise (16 percent over last year&#8217;s turnover rate), while the frequency with which CFOs ascend to the CEO spot is dropping.<\/p>\n<p>&#8220;The CFO seat is not just a &#8216;hot seat,&#8217; it&#8217;s a dead end,&#8221; reads the press release for Russell Reynolds Associates 2006 &#8220;Financial Officer Turnover Report.&#8221;<\/p>\n<p>That&#8217;s bad news for CFOs &#8212; but good news for controllers, who are fast becoming the &#8220;rock stars&#8221; of the finance department as they leverage &#8220;their status for better pay at different companies.&#8221;<\/p>\n","protected":false},"author":1517,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,10],"tags":[],"class_list":["post-1617","post","type-post","status-publish","format-standard","hentry","category-business","category-careers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CFOs or Jumping Jacks??<\/title>\n<meta name=\"description\" content=\"A study released Monday contains some troubling, even shocking, implications for CFOs: CFO turnover at Fortune 500 companies continues to rise (16 percent over last year&#039;s turnover rate), while the frequency with which CFOs ascend to the CEO spot is dropping. &quot;The CFO seat is not just a &#039;hot seat,&#039; it&#039;s a dead end,&quot; reads the press release for Russell Reynolds Associates 2006 &quot;Financial Officer Turnover Report.&quot; That&#039;s bad news for CFOs -- but good news for controllers, who are fast becoming the &quot;rock stars&quot; of the finance department as they leverage &quot;their status for better pay at different companies.&quot;\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2006\/05\/cfos-or-jumping-jacks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CFOs or Jumping Jacks??\" \/>\n<meta property=\"og:description\" content=\"A study released Monday contains some troubling, even shocking, implications for CFOs: CFO turnover at Fortune 500 companies continues to rise (16 percent over last year&#039;s turnover rate), while the frequency with which CFOs ascend to the CEO spot is dropping. &quot;The CFO seat is not just a &#039;hot seat,&#039; it&#039;s a dead end,&quot; reads the press release for Russell Reynolds Associates 2006 &quot;Financial Officer Turnover Report.&quot; That&#039;s bad news for CFOs -- but good news for controllers, who are fast becoming the &quot;rock stars&quot; of the finance department as they leverage &quot;their status for better pay at different companies.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2006\/05\/cfos-or-jumping-jacks\/\" \/>\n<meta property=\"og:site_name\" content=\"Drishtikone\" \/>\n<meta property=\"article:published_time\" content=\"2006-05-25T17:10:00+00:00\" \/>\n<meta name=\"author\" content=\"Desh Kapoor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Desh Kapoor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2006\/05\/cfos-or-jumping-jacks\/\",\"url\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2006\/05\/cfos-or-jumping-jacks\/\",\"name\":\"CFOs or Jumping Jacks??\",\"isPartOf\":{\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/#website\"},\"datePublished\":\"2006-05-25T17:10:00+00:00\",\"dateModified\":\"2006-05-25T17:10:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/#\/schema\/person\/e24bcebf9da3425dd595b71543245311\"},\"description\":\"A study released Monday contains some troubling, even shocking, implications for CFOs: CFO turnover at Fortune 500 companies continues to rise (16 percent over last year's turnover rate), while the frequency with which CFOs ascend to the CEO spot is dropping. \\\"The CFO seat is not just a 'hot seat,' it's a dead end,\\\" reads the press release for Russell Reynolds Associates 2006 \\\"Financial Officer Turnover Report.\\\" That's bad news for CFOs -- but good news for controllers, who are fast becoming the \\\"rock stars\\\" of the finance department as they leverage \\\"their status for better pay at different companies.\\\"\",\"breadcrumb\":{\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2006\/05\/cfos-or-jumping-jacks\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2006\/05\/cfos-or-jumping-jacks\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2006\/05\/cfos-or-jumping-jacks\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CFOs or Jumping Jacks??\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/#website\",\"url\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/\",\"name\":\"Drishtikone\",\"description\":\"Perspective on Life and World from Hindu and Indian standpoints\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/#\/schema\/person\/e24bcebf9da3425dd595b71543245311\",\"name\":\"Desh Kapoor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3cc132f0b1d11236e6dc28b12e598a23?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3cc132f0b1d11236e6dc28b12e598a23?s=96&d=mm&r=g\",\"caption\":\"Desh Kapoor\"},\"description\":\"Making sense of the world via the perspective of Dharma and Hinduism. 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