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The chief financial officer was traditionally viewed as a financial "gatekeeper".Over time, the position has become one of an advisor and strategic partner to the CEO. [2] [3] According to one source, "The CFO of tomorrow should be a big-picture thinker, rather than detail-oriented, outspoken rather than reserved, prefer to delegate rather than be hands-on, emphasize what gets done rather than ...
The top CEO's compensation increased by 940.3% from 1978 to 2018 in the US. In 2018, the average CEO's compensation from the top 350 US firms was $17.2 million. The typical worker's annual compensation grew just 11.9% within the same period. [5] It is the highest in the world in both absolute terms and relative to the median salary in the US ...
However, the average tenure for CFOs is 4.5 years, down from 4.6 years in 2022 and down from 4.9 years in 2018, according to the firm. CEOs in the Fortune 500 have an average tenure of seven years.
The position of Chief Financial Officer and Assistant Secretary for Administration was established by Public Law 83-471 § 304, July 2, 1954, 68 Stat. 430 (15 USC §1506). [2] His authority is delegated through Department of Commerce Organization Order 10-5 "Chief Financial Officer and Assistant Secretary for Administration".
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Katherine Gibson, the new finance chief, has served as interim CFO since April. RBC appoints ‘highly respected’ 22-year company veteran as CFO in wake of alleged affair scandal Skip to main ...