Wednesday, March 30, 2005

Financial officer turnover up in 2004

Financial officer turnover in Fortune 500 companies rose as much as 25 percent from 2003 to 2004, Russell Reynolds Associates of New York says.

New corporate governance standards and investor pressures are to blame for the increase, the recruiting firm's study showed.

The study looked at turnover rates for three principal financial officers of Fortune 500 companies: chief financial officer, controller and treasurer.

See full Article.