With chief operating officer positions becoming rarer all the time, companies are relying on CFOs for a lot more than keeping score.
Marshall Krantz, CFO.com | US
August 1, 2008
While there is a trend in the reduction of COOs in Fortune 500 firms, it is silly to assume that CFOs can jump right in and fill the role of a COO. As many CFOs lack both the depth and breadth of operations management issues (e.g.) TQM, BPR, Six Sigma, production & logsitics control techniques, etc.. Therefore, one should be very careful in underestimating the day to day operational role of the COO, as well as the strategic, tactical and execution oriented operations of a firm.
Posted by Gautam Basu | August 05, 2008 12:04 pm
the COO has been obsolete for years; and besides they were never held accountable for anything anyway....i can't remember the last time an anylist or investor clamoring to speak to the COO about anything. This is just another nail in the CFO's coffin...more responsibility, more accountibility, more stress, more aggrivation, more liability, more down side risk and exposure. for what i ask...a few more bucks....not worth it...at the end of the day the CFO will be blamed for everything all of the time
Posted by Rick Macchiarulo | August 01, 2008 03:13 pm© CFO Publishing Corporation 2009. All rights reserved.