Fast-track finance executives search for career guidance

Article Abstract:

Frequently, finance executives feel stagnated or blocked in their careers, due to several factors, including: lack of business mentors in the finance field, the ability of computer-literate younger executives to pass older executives by, the relatively poor people management skills of most finance executives, and a lack of aggressiveness. The importance of building personal networks of business contacts throughout an industry and the career guidance available from outside career counseling services are discussed. One such service is described, the TRAC program, obtainable from Management Development Services Inc. (Morristown, New Jersey). The TRAC program places participants in hypothetical business situations, and real-world executives evaluate and criticize the actions of the participants.

Career changes, Study and teaching, Mentors, Mentoring

---

Treasury finance executives trapped in the eye of the merger storm

Article Abstract:

Following a corporate takeover, financial management positions are among the first jobs eliminated. However, those financial managers who remain employed following a merger or an acquisition tend to rise through the corporate ranks. Merger shakeouts for financial executives are examined by example; some of the mergers cited are the Baxter Travenol - American Hospital merger and the G.D. Searle - Monsanto merger. Of companies taken over in 1984, 47 percent of the executive staffs found themselves seeking new employment.

Acquisitions and mergers, Finance, column

---

New corporate structures produce new treasury careers

Article Abstract:

Many corporations are abandoning functional, hierarchical structures in favor of business group and product-oriented structures. This development should provide financial professionals with the opportunity to reach decision-making positions earlier in their careers. The automation of corporate information-gathering procedures should also have an effect on financial careers. In the future, the ability to generate reports will not be as important as analytical and decision-making skills.

Forecasts and trends, Automation, Managerial accounting

Similar abstracts:

• Abstracts: Report of the executive secretary and treasurer (for the ending September 30, 2000). Investor psychology and asset pricing
• Abstracts: Strategic management and economics. The relative impact of actual and potential rivalry on firm profitability in the pharmaceutical industry
• Abstracts: Watching the revenue. Tax-related provisions in the new anti-terrorism law. Economic stimulus proposals
• Abstracts: Megamerger mania fall-out - ten trends to look for in the wake of the wild ad agency merger spree. Retired but not retiring: Tom Adams on cars, ads, and women
• Abstracts: Aggregate performance measures in business unit manager compensation: the role of intrafirm interdependencies

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.