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Sign of the Times: CFOs Living on Franks and Beans

Posted on September 22, 2010 by Caleb Newquist

Or ones that soon will be:


Look at the bright side, you were on the front page of the Post!

[via Gawker]

Posted in CFOs, VideoTagged Barack Obama, CFOs, CFOs living on hot dogs and beans, Voters

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Next: The IRS Isn’t Interested in Delaying the Issuance of Potentially Bogus Refund Checks

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Here’s Your Chance to Hear Andrew Fastow’s Story in Andrew Fastow’s Own Words

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With apologies to Crazy Eddie's Sam Antar, Andrew Fastow might be the most notorious CFO […]

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Has Florida CFO Alex Sink Watched Scarface Too Many Times?

  • Caleb Newquist
  • April 22, 2010

It’s been a while since we shared some cost saving ingenuity from Florida’s CFO–cum-Gubernatorial candidate, Alex Sink. However, this time we learn how she managed to spend some of those savings.

According to the Politics blog of the South Florida Sun-Sentinel, CFO Sink’s Department of Financial Services has “purchased 182 assault rifles – costing $255,000, according to Sink’s office – in the last two years.” When you Google “assault rifle” one of the first links takes you to this.


A spokesman for the wannabe Guv made it plain for those GOP haters (who are all of a sudden against guns?) trying to block Sink from purchasing more BFGs:

The rifles are necessary to protect fraud investigators who deal with “dangerous people,” said spokesman Kevin Cate – arsonists, sophisticated car insurance fraudsters, money launderers. If Republican legislators are taking a shot at Sink with the assault-weapon purchasing ban, “that’s a shot at officer security,” Cate said.

Sink said: “I rely on my law enforcement people to evaluate what the risks are and what they need. I’m going to do everything possible to protect them.”

Look. We’ve got no doubt that some white-collar criminals are dangerous but this seems a tad ridiculous.

On the other hand, since it is South Florida and basically anything can happen (including 10 – 26% returns on arbitraging groceries) perhaps this type of firepower is necessary.

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Ford CFO: Having Ready Access to Cash Is a Decent Business Practice

  • Caleb Newquist
  • October 29, 2010

FYI for any budding CFOs out there:

Having liquidity is key to any business and it is important to build it before any crisis, said Ford Motor Co.’s (F) chief financial officer Thursday.

“We have to assume that when you really need liquidity, it won’t be there,” said Lewis Booth, speaking at Treasury & Risk’s 15th annual Alexander Hamilton Awards ceremony in New York City.


After those insightful comments, Booth gushed about how the company that Hank built was doing.

“We expect our automotive cash to be about equal to our debt by year-end 2010, earlier than expected,” Booth said, adding “this has been a magic year.”

Just a CFO walking the talk (almost anyway).

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