Ann: Resignation of Chief Financial Officer, page-15

Missing the point...big picture guy...

"Unfortunately, CFO resignations are among the most scrutinized senior level management moves, and leaving without a plan can create chaos."

"When a CFO resigns from a company, investors almost always believe that there is a secret or sinister motivation behind the departure. Did the CFO leave because of disappointing earnings? Is accounting fraud or a financial scandal about to surface? What does the CFO know that we don’t?"

"No other top management shake-up causes unease among investors like the resignation of the CFO. It is for this reason that clear and timely communication is effective for a smooth transition. While companies will want to ensure the transition is smooth internally, public perception must be considered as well."

Another interesting article...

http://www.dshen.com/blogs/business/archives/when_the_cfo_leaves.shtml


"If a company's prospects are flattening out or going downward, you can bet that the first person to take off and cash in his earnings will be the CFO. Staying on faith is highly doubtful; nothing personal, mate, but money is money and a money guy is not going to bet it on faith.

But if the company's prospects are good, then why would a guy like the CFO leave?"