CORPORATE GOVERNANCE

Sep 06 2024BUSINESS

Rite Aid's CFO Rises to the Top—Part of a Worrying Trend?

Rite Aid has named Matt Schroeder as their new CEO, promoting him from his role as Chief Financial Officer. This move is part of a growing trend that raises some concerns: finance chiefs being handed the top This trend has led to questions about the qualifications of finance professionals to lead companies. Some argue that they may not have the same level of experie...

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Aug 27 2024POLITICS

The Downfall of Autonomy's CFO: A Sobering Reminder for Tech Startups

The tech industry was recently shaken by the untimely passing of Mike Lynch, often referred to as the 'British Bill Gates'. Unfortunately, Lynch's legacy has been tarnished by a cautionary tale of ethical accountancy within technology startups. Sushovan Hussain, the former Chief Financial Officer (CFO) of Lynch's software firm, Autonomy, recently concluded a five-ye...

reading time about 1 minute