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21 October 2008
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Crisis Demands New CFO Skills CFO.com, 17 October 2008 Companies increasingly prefer CFOs with capital-market skills and operations experience over those with accounting expertise, according to executive recruiters. The changing expectations may be contributing to the high CFO turnover rate this year. |
Our view: For an interactive discussion on this topic, sign up for our teleconference on 12 November, Managing Your Career in Turbulent Times. Michele Heid, the head of the CFO practice at Heidrick & Struggles, will host the event. |
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Be Explicit About Liquidity and Capital Positions to Build Investor Confidence Corporate Executive Board, 21 October 2008 To rebuild investor confidence, most executives believe they should be much more explicit about their liquidity and capital positions, as well as the impact of the credit crisis on their company. |
Our view: For more information, register for our upcoming teleconference and pose your questions to a managing director from Standard & Poor's nonfinancial services ratings department. Hear about their risk management requirements and the impact on your organization's credit rating in this period of tighter credit conditions. See “Heard in the Suite” for member comments on ratings agencies. |
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Raw Materials Hit by Double Whammy The Economist, 16 October 2008 Declining global demand for steel and other commodities coupled with suppliers’ concerns about buyers’ letters of credit is causing a slowdown in production of critical industrial inputs. |
Our view: Don't try to avoid volatility with better forecasting; investments in greater forecasting capabilities have proven to be a disappointment. Instead, prepare with better management practices. CEB research shows that companies gain a competitive advantage by containing the impact of volatility through better understanding of exposure and a close partnership with Treasury. |
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Tending the Brand in a Downturn The New York Times, 19 October 2008 Companies looking to reduce marketing budgets face a difficult challenge: will maintaining current spending levels buoy sales, or will sales diminish if price becomes the primary focus for consumers? Related News: Ad Downturn in Asia Expected (The Wall Street Journal, 20 October 2008) |
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U.S. Savings Rate on the Rise Fortune, 16 October 2008 The American personal savings rate jumped from a low of less than 1% for the past four years to almost 3% in the second quarter of 2008. This will enable long-term growth by expanding the pool of cash available to companies looking to borrow and invest while hurting retail sales and other consumer-driven businesses in the shorter term. |
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Daily Capital Markets Review: Leading Economic Indicators, Stocks Rise Unexpectedly Corporate Executive Board, 20 October 2008 This summary includes news items regarding global liquidity, the TED spread, commercial paper and T-bill rates, currencies and commodities, and corporate debt spreads. If you would like to receive the Review after markets close (instead of the next morning), please click here. |
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