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To: Demosthenes who wrote (3186)6/7/1999 10:56:00 PM
From: Ian@SI  Read Replies (1) | Respond to of 3696
 
D,

In partial answer to some of your queries, the CFO is a crucial role in any multi-million dollar corporation.

They are key in ensuring the rest of the corporation's processes are optimized from a financial perspective.

e.g. - that best prices are received from suppliers;

that adequate margins are made in sales to customers;
that receivables are collected in a timely fashion;
that financial risk is mitigated;
that products have adequate margins;
that inventory level is appropriate for the business activity;
...

Essentially, a good CFO can bring out all that is great in a company and have it reflected in its stock price.

And I presume that's part of what Art has in mind for Bruce.

Ian.



To: Demosthenes who wrote (3186)6/7/1999 10:58:00 PM
From: Kirk ©  Respond to of 3696
 
re: I'd like some comments on these questions If anyone has some input.

I am sure the price of the stock makes for a very attractive stock option package, especially if they feel the stock will turn-a-round soon. A big and expected payoff buys much talent. Also, going forward several yrs with good prospects is attractive to someone who wants to excel. My guess is this is very good news. IF the company was a true stinkpot, then they couldn't buy decent talent with market for talent so strong as it is now.

just my rumblings.....



To: Demosthenes who wrote (3186)6/8/1999 7:46:00 PM
From: Math Junkie  Read Replies (2) | Respond to of 3696
 
During Bruce's tenure as CFO of Tencor, the company went public, went through a huge increase in stock price (more than 10X) and merged with KLA. That wouldn't look bad on anybody's resume. Whether getting him constitutes a "huge feat", I have no idea.