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Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (24524)12/16/2007 10:28:26 AM
From: Frank A. Coluccio  Respond to of 46821
 
Yes, you did state 2017, my error. But my reply stands.

So, you want to hold out as an example an interim CFO who has been put on the spot, and in the process is making his bones (proving his mettle)?

Actually, we don't live in a world where your scenario applies exclusively. Rather, there are several worlds represented by gradients of players in descending sizes, entrepreneurs and freelancers in the soho space (Viacom workers who were on strike recently were referred to as permalancers**), independent and autonomous appendages to larger entities whose stock in trade is their fleetness of foot, and an underworld made up of gray law and commercial nebulae.

[** "Permalancers", aka quais-permanently-placed freelancers, "consultants" (I once commented to a client that his organization had taken to labeling every non-permanent worker, including part time janitorial staff, as "consultants", which, of course, I regarded with a touch of umbrage) and contractors large and small of various persuasions, now make up a sizable part of many larger corporations' workforces, but they do not show up on the books as employees, thereby mitigating the long term liabilities of their de facto employers. As you know, this could be a double-edged sword. Many workers prefer contracting roles --despite the fact that many categories of such workers, depending on industry classification, fit IRS common-law definitions as 9-to-5 "full-time employees" -- due to the favorable tax implications of contracting, where some would actually prefer the "security" (Cough!) of permanent, long-term employment, which many of them, for all practical purposes, fulfill anyway. Due to their sometimes dubious tax status, however, like the elephant in the room that no one wants to talk about, these issues tend to remain off the radar and largely unspoken, since "common-law" employee status is something that both they and the hiring parties want to avoid due to the threat of negative tax implications for individual freelancers (and subcontractors), and the longer-term liabilities of health care and pensions (including government-mandated "set-asides") that "employer" organizations would face.]

In a paradoxical sort of way, the larger the influences of the Googles and Microsofts of the world become, the more the smaller cut of operators tend to proliferate due to the enabling influences brought about through more affordable computing power, hence reducing the barriers to trade. While a select few at the top of the food chain continue to grow, in other words, they continue to foster the proliferation of much smaller operators and individuals whose CFO functions are handled by the same guy who routinely haggles with suppliers, hires and fires "workers", and opens the office each day before making the first pot of coffee.

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