JoeE, we have an SVP of FP&A that for the last 2/3 years has had huge misses in forecasts done two months prior to the close, an SVP of GDPS Finance that has allowed Capex to double in 6 years of flat sales, an SVP of Treasury that has allowed debt to almost triple in 7 years and paid dividends in excess of profits for 4 straight years, an SVP of Tax that did not foresee a $0.5bn DTA write-off and seems incapable of keeping any of her VP/Directors in the team for more than a year... WHY ARE ALL THESE PEOPLE STILL HERE
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I love JOEY is forcing departments to substantiate how money is spent. The days of paying a consultant a premium to do your job is over! But is it though? How much money should we spend on a forecasting tool that can only further highlight our wasteful spending? Shouldn’t we focus on the underlying issues?