Billionaires are hurting too!

The total number of billionaires in the world fell from 1,125 in 2008 to 793 in 2009.  The financial meltdown wiped out $2 trillion from their net worth.  Most of you are saying the same thing as I am, “who cares!”  It’s all net worth, and not cash.  There is a difference when looking at aContinue reading “Billionaires are hurting too!”

Financial Risk and Flying Pigs

There is currently a belief that financial risk is easily measured. That we can stick some sort of risk-meter into the financial system and get an precise measurement of the risk of complex financial instruments. The poorly misguided belief that this risk-meter exists plays a key role in getting the financial system into the messContinue reading “Financial Risk and Flying Pigs”

CFO Career Booms During An Economic Crisis

As finance executives are having a hard time finding the silver lining in the credit crisis, its no wonder that the recent problems on Wall Street have forced them to revisit their bank relationships, redo their forecasting, rethink their cash management strategy, and worry a lot more about what tomorrow will bring. But under theContinue reading “CFO Career Booms During An Economic Crisis”