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Stock impact report

CEOs feel threatened by CFOs [Yahoo! Finance]

Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL) 
US:NYSE Investor Relations: unilever.com/investor-relations
Company Research Source: Yahoo! Finance
Dive Brief: Roughly one quarter of CEOs surveyed (26%) ranked CFOs as the top job security risk within their own C-suites, followed closely by 24% who saw chief operations officers as a threat and chief commercial officers (20%), according to Boston Consulting Group's CEO Insomnia Index report released Wednesday. The perceived vulnerability may arise from the CFO's ongoing relationship with board members; finance chiefs regularly brief the board on financial performance, forecasts and capital performance and that role can position them as the CEO's “natural heir apparent,” the report states. “While having a strong successor should be a part of every CEO's legacy plan, it's only human to feel exposed when a replacement is waiting in your own C-suite, especially during times of heightened volatility or disappointing results,” according to the BCG's report. Dive Insight: The CEO replacement anxiety may in part be fueled by recent trends they're noticing. CFO to CEO promotions Show less Read more
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