Say Goodbye to Your CFO (and Maybe Your Board) or Ante Up
USA Today reported that more and more CFO's are either resigning, retiring, or getting fired. Reasons attributed to the departures: long hours, Sarbanes-Oxley, and increased job stress. The article notes that this trend is relatively recent. Compare that article to an article from the WSJ which stated that salaries for finance professionals are increasing dramatically.
I recently wrote an article for the Journal of Private Equity (registration required) on the effect of regulations on board and senior management retention and performance. It's been a trend for some time now that recruiting board members has become more and more difficult in the face of increased potential for personal liability and other demands. I've surmised that this is the case at the senior management level as well and now more and more articles have appeared which support my initial assertions (whew!).