Discover and read the best of Twitter Threads about #cfo

Most recents (14)

"Find me & #mycompany in #Massachusettsspecializinginexpense reduction services for small, medium, & large businesses near Boston & Marlboro:

Schooley Mitchell: Brian Plain & Joe Gifford
225 Cedar Hill St
Suite 200 D117 Marlborough, MA 01752
"#ObtainLowerExpense for Companies near Westborough, Shrewsbury, Northborough, Hudson, & Marlborough:
Schooley Mitchell: Brian Plain & Joe Gifford
225 Cedar Hill St
Suite 200 D117 Marlborough, MA 01752
Read 7 tweets
How to understand and reduce overhead costs?

A mini-course

🧵 Image
Finance does not do enough to challenge the Overhead expenses.

Why? Because we think that we can't do much about it... I also thought that there was no possibility to improve overhead costs. Image
How to change group fees?

How to reduce personal costs?

This seemed impossible. But one day, I was assigned to reduce structural costs. I had no other solution than... finding solutions.
Read 14 tweets
#NorthernData published several press releases since the BOY, but omitted most of the relevant information.
The company missed its already lowered guidance, is sued by $RIOT for $114m and auditors issued a going concern warning
$NB2 guided 100k ASIC miners for 2022, 200m to 250m revenue and adj EBITDA (excl. trading losses) of up to 75m. They missed all of them. Only the mined BTC were slightly above the lower end of the guidance
Partners cut ties with #NorthernData which leads to a revenue decline of at least $25m. On top, $RIOT is suing Northern Data for $114m, the #Bafin and public prosecutors are investigating the company.
Read 6 tweets
#HR Leaders may not want to agree. 5 things HR Leaders wish were different.

After 20 years working with HR leaders, most will agree with them off the record.

1) Lack of support from upper management: HR leaders often report feeling unsupported in their efforts to implement necessary changes within the organization.

2) Limited resources: HR professionals may feel that they don't have the necessary resources (such as budget, staff, or time) to effectively perform their duties.

Most are dealing with double the duties and half the staff they had a decade ago...
Read 7 tweets
An Economics/Finance PhD is still probably one of the few degrees that provides you with an opportunity to start a career in either academia or elsewhere in the corporate sector, preferably Finance or the Govt Sectors.
But, always try to gain some practical experiences after BS
I don't like this concept of pushing students after undergrad level directly into a PhD program.
Especially, if the student has an opportunity to learn some practical skills in the real world.
Economics is that sort of profession, where many jump using the 3+1 research route.
I mean, what is the point of blindly doing a doctorate when you cannot operate basic IT Systems & Computing Packages that will help you work as an economist at banks, funds, etc
Attending colloquiums, seminars and conferences, co-authoring n publishing papers, etc won't help.
Read 7 tweets
1 #Tether today announced an agreement with #Switzerland Canton #Ticino City of #Lugano "to transform Lugano into the European #bitcoin capital". A press conference will be held March 3rd, 2022 to show "#Lugano's plan B". #Bitfinex and Tether CTO Paolo #Ardoino will attend.
2 Since May 5th, 2017, Giancarlo #Devasini, #Bitfinex and #Tether #CFO, established in #Lugano his Smart Property Solutions SA company, whose aim was to release #crypto, #stablecoin, store and manage money, precious metals, art pieces, certificates and value documents.
3 Smart Property Solutions SA was headquartered c/o another company, #DataNest SA. Back in 2005, was Data Nest moved c/o Camponovo Asset Management. In 2006 Oliver #Camponovo was chairman, manager, shareholder of Data Nest Sa. In 2008 Camponovo left his managing role in Data Nest
Read 12 tweets
I still don't know why so many IAD Officials detested my work at some firms where I was chosen to work as a CRO/ Lead Risk Consultant?
After all, the Risk Desk and the IAD should work as partners, but, I do feel there is an unspoken rivalry between these two lines of defence.
Turfs warfare?
Internal Audit was the bespoke risk management desk before Risk Desks were set up by the corporate boards across the globe.
Auditing and Credits Departments at Banks are bigger adversaries of Risk as an independent reporting function compared to the business desks.
You can add #CFO in charge of Finance to the list of another back-office function/ department which hates to work with the #CRO, Chief Risk Officer.
I remember my encounter with a Head of Finance at a bank, who insisted on computing capital charges & CAR using @BIS_org weights
Read 5 tweets
Had an interesting encounter with a management consulting firm which wants to set up an ERM Desk for one of its client in the E&P Sector
So I enquired about the client expectations?
Con: Client wants a friendly Risk Dept.
Me: What's friendly?
Con: No authorizations or approvals
Well, that is the general problem across different industries.
Even in the financial sector, remember meeting a client that wanted me to design the JD of a #CRO who would report to the #CFO.
Another, e.g. where the Risk Manager was made subordinate to the Chief Investment Officer
Furthermore, they want GRC/ERM or any other Control Staff to be highly understanding of the business process, and remain courteous even if risks are being materialized and losses are mounting
Never work as a Risk Professional where the notion of making a Profit at all costs exist
Read 7 tweets
The Psychology of Human Misjudgement - Charlie Munger Full Speech via @YouTube
well, if one can get around the accounting and auditing systems, you can commit fraud on a massive scale.
That is what rogue traders do!
But, financial institutions have invested big time in hiring quants who can write codes and Greek symbols which board members don't comprehend
It's brilliant if your standard fraud risk assessor aka auditor and the quantitative risk manager can use the #Benford #Law to identify, proactively measure and control fraud risk-related predicate financial crimes.
But, first, do the basic work, before leapfrogging.
Read 22 tweets
What is the role of treasury management in the banking sector?
Note: (this thread only includes discussion on investment in T-Bills and other Long - term Fixed Income securities such as the Government Securities and other Bonds; additionally, the squaring of all book positions, in regard to Money Market and FX Asset class/es) & AL- Gap Mgmt
I have excluded investments in hybrids, convertibles, capital market products, share underwriting, and derivatives hedging /trading and the other complimentary Investment Banking Activities, which might also be included in the treasury job description at some retail banks
Read 17 tweets
نیب نے عین عید کے روز ہی @CMShehbaz کے چیف فائنانس آفیسر محمد عثمان کو کیوں گرفتار کیا؟

کیونکہ شہبازشریف، اس کی دونوں بیگمات، دونوں بیٹوں اور داماد کے خلاف آمدن سے زائد اثاثہ جات کیس میں شہبازشریف کا اپنا بھی یہی کہنا تھا کہ اگر اس کے کھاتوں میں کوئی کمی بیشی ہے تو وہ اس کا
ذمہ دار نہیں بلکہ اس کا ذمہ دار اس کا #CFO محمد عثمان ہے

اس کے علاوہ شہبازشریف کے گرفتار فرنٹ مین فضل داود عباسی، محمد طاہر نقوی، مسرور انور، راشد کرامت اور شعیب قمر سمیت ہر ایک کا کہنا بھی یہی تھا کہ شہبازشریف اور اس کے خاندان کے تمام مالی معاملات کے بارے میں محمد عثمان ہی
سب سے بہتر جانتا ہے۔ اس پر نیب پچھلے 8 مہینوں سے محمد عثمان کو پیش ہونے کیلیے بار بار نوٹس بھیج رہی تھی مگر وہ کسی بھی نوٹس کا جواب دینے کی بجائے مسلسل مفرور تھا

اس ہی لیے نیب نے اسے گرفتار کرنے کیلیے عین عید کے دن کا انتخاب کیا اور ایک کامیاب کاروائی کرتے ہوئے کل رات اسے
Read 4 tweets
Daily Bookmarks to GAVNet 5/25/2020-2…
The CFO in Crisis Mode: Modern Times Call for New Tools…
#Crisis #cfo
When models are everywhere – O’Reilly…
The science of complexity - Massey University…
Read 8 tweets
Don’t take my advice - Dnt listen to any consultant- listen only to your customer - talk only to your customer - that’s enough to understand what is needed to grow your practice. Having constant touch with customers is the sure way to grow any kind of business
When you talk to customers , you have very steep learning curve. You instantly know how market is changing and consequently how clients needs are changing. You can take first hand feedback about your product or services and also about your team members.
When you keep in touch with your customers they feel strong support and feel that you care about them and you are listening to their suggestions and issues.
Read 7 tweets
$LDSI More management added to this STELLAR team at Mr. Agabs the new #CFO has a hell of a resume as well. Was #CFO #COO of @ClickPay1 ! All of Manhattan’s Top 20 Property Management Firms Use @ClickPay1 ! $BYOC $CAVR $KATX $UNDR
$LDSI Edward was the founder and #CEO of which was eventually acquired by ( One of the world’s largest enthusiast media companies ) @AimMediaGroup They now have revenues of over 100M a year!!!! $CAVR $BYOC $KATX
$LDSI Edward was #CFAO of Full Circle Advisors, LLC (AKA Full Circle Capital). They eventually merged with and into @GreatElmCC $GECC currently trades at almost $8 per share !!! $CAVR $BYOC $KATX $UNDR
Read 5 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!