Chief financial officers, the people whose knack for numbers lifted them into the executive suite, are becoming a statistic themselves.
More CFOs are resigning, retiring or getting fired. A buildup in the demands, pressures and risks has turned the position into what some describe as a thankless chore. And corporate cost-cutting has shrunk finance staffs, leaving CFOs with less help to shoulder heavier workloads.
Meanwhile, boards of directors, facing personal liability if a company's numbers prove to be faulty, are pushing out old CFOs to make room for those with more experience to handle the new rigors of accounting-reform regulations, such as the Sarbanes-Oxley Act.
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