Changing corporate strategies are putting more pressure than ever on chief financial officers (CFOs), a change that’s reflected in record-high turnover of the position in U.S. businesses despite the fact that pay is at an all-time high. What can stop the churn? According to a new study from Adrienne Rhodes, assistant professor of accounting at the Tippie College of Business, firms that delegate much of the CFO’s responsibilities to a chief accounting officer significantly reduce turnover.
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