The Entrepreneurial Mind

When a company upgrades their lead financial executive from a Controller to a CFO, one of the major benefits that they hope to gain from the higher salary is help in managing growth and assisting in raising financing. A new study reported today by Red Herring seems to show another unintended consequence of Sarbanes-Oxley. CFOs are spending much more of their time engaging in compliance related activities rather than helping their employers expand the business.