“We’re in the middle of major change—change that is technological, political, geopolitical,” said a former Trump intelligence official at Monday’s 2024 CFO Leadership Awards. “The worst thing we can do is think things are the same and hold here.”
In times of uncertainty, CFOs should avoid being driven by events; the focus should be continuous operational fitness, according to Protiviti’s Fran Maxwell and Shawn Seasongood.
“Banking is a small community, so be mindful of how your reputation can impact your banking relationships,” says Bridget Meyer of Redbridge Debt & Treasury.
Our August poll of nearly 150 U.S. CFOs finds America’s finance chiefs the most optimistic in the C-Suite, despite the majority expecting a recession and heightened economic volatility leading up to November’s election.
“CFOs must balance maintaining a lean expense base and ensuring adequate resources to retain valuable employees,” says MBO Partners’ CFO Thomas Luttrell.
Government incentives and certain M&A strategies could be catalysts for growth in the coming months, says TD Bank’s William Fink.
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