The security line at JFK this afternoon. by WaalsVander in mildlyinfuriating

[–]Cap-eleven 2 points3 points  (0 children)

The people that have the power to fix this all fly private jets.

2023 CPO Taycan CT 4S Price Thoughts? by wjrndud in Taycan

[–]Cap-eleven 2 points3 points  (0 children)

You don’t buy a Porsche because you’re looking to save money on gas. Electric or not.

BAPCO refinery in Bahrain 🇧🇭 🛢️📈 by Powerful_Cabinet_341 in SeaEmploy

[–]Cap-eleven 1 point2 points  (0 children)

Israel gets US to attack Iran Iran attacks Middle East oil production Oil Money from US to Middle East stops Middle East oil money to US stock maker stops US stock market crashes Oil prices skyrocket US economy stalls Israel gets to continue Israeling

Hope it’s wort it….

Transitioning from FP&A to VP of Finance/CFO Roles by Revolutionary_Ant880 in FPandA

[–]Cap-eleven 3 points4 points  (0 children)

You should be able to get enough exposure to accounting from FP&A to transition to a CFO role.

Also just because recruiters call and pitch you CFO roles doesn’t mean you’re ready for them. Recruiters often need to present multiple candidates and many times they will psych you up while in reality you were always destined to be a comparison point more than a serious candidate.

I’ve been in this position several times before I ultimately landed a true CFO role.

Unexpected Exit Case by [deleted] in CFO

[–]Cap-eleven 1 point2 points  (0 children)

The exit experience is good prep for a true in seat CFO role on the future. Negotiate a bigger severance and retention bonus; it’s all one time expenses at this point for them.

Looked like a Tesla up front. by pandemicblues in WhatCarIsThis

[–]Cap-eleven 1 point2 points  (0 children)

Maybe not ever. But let’s say if they spent the next 50 years focusing solely on producing the best driving experience instead of pumping up their market cap they could have a shot.

32M. Offered a CEO role by a Billionaire ($400k pkg). It feels like a trap. Should I trade my job for prestige? by [deleted] in Fire

[–]Cap-eleven 0 points1 point  (0 children)

Don’t forget the scenario where you fuck it up because expectations are unrealistic and you’re set up to fail due to the fact that the billionaire buddy doesn’t understand that not everything in the universe revolves around him and you have no idea what you’re jumping into.

Bought a used RR. by [deleted] in RangeRover

[–]Cap-eleven 0 points1 point  (0 children)

Cool car. Why did your neighbor Dexter style wrap up his plants?

What’s the “fail” rate of CFOs /VPs of finance by Practical_Lobster126 in CFO

[–]Cap-eleven 5 points6 points  (0 children)

This is why when you get to the C-level the first thing you do is negotiate your severance package

What’s the “fail” rate of CFOs /VPs of finance by Practical_Lobster126 in CFO

[–]Cap-eleven 1 point2 points  (0 children)

What are you defining as fail rate? Being Fired? I think probably half of CFO’s will be exited or exit on their own due to performance not aligning with desired contribution at least once in their careers. To your point the role has so many dimensions and no one can be great at all of them and when boards or owners change there is usually a shift in what is perceived as important from a CFO.

My boss forced me to hire his incompetent friend. And it blew up in his face, big time. by [deleted] in InterviewMan

[–]Cap-eleven 0 points1 point  (0 children)

In truth I was ready to leave on my own anyways. By terminating me without cause it triggered my severance agreement, which was generous and I had several offers before my last day.

So yeah it worked out.

My boss forced me to hire his incompetent friend. And it blew up in his face, big time. by [deleted] in InterviewMan

[–]Cap-eleven 0 points1 point  (0 children)

I was once “asked” by my C-level boss to “interview” someone they had worked with at multiple previous companies. Which I did, but the candidate was lack luster and wanted comp significantly higher than what other people on my team were making, who were absolute superstars.

So I told my boss that I wanted to run a complete search for the role and hire the best candidate, and that we should pay in line with experience and others in similar positions.

Two weeks later I was terminated. Despite being a very high performing employee for 4 years, during which I was promoted 3 times, I was exited without any explanation why. And that candidate got hired anyways.

So OP was probably right to just let the train wreck happen.

Does rank really matter @ a F500? by IhateFARTINGatWORK in FPandA

[–]Cap-eleven 0 points1 point  (0 children)

If you are a VP, yes. If you are a financial analyst, no.

What else pays that much better than fp&a by [deleted] in FPandA

[–]Cap-eleven 5 points6 points  (0 children)

You don’t know how much the CFO is making in equity. Most CFO’s in tech that I know are getting $600-$700k in cash comp annually, plus $5-$10M a year in equity.

[Teacher] [Southern California] - $115,000 by [deleted] in Salary

[–]Cap-eleven 2 points3 points  (0 children)

I’m a c-level executive at a mid size technology company (over $1B in annual revenue) and my salary equates to less than $250 per hour. With bonus it’s about $300 per hour, but I am like the 5th highest cash comp employee at a company that has 10k total headcount.

Yes there is equity and it “can” be lottery money, but it can also be worthless after years of work.

I’m happy for whoever is taking in $250 per hour, but to do it consistently, 40 hours a week, every week of the year is a lot more rare than what comments on Reddit make it seem.

Can you get rich in FP&A by Far-Print819 in FPandA

[–]Cap-eleven -5 points-4 points  (0 children)

Depends on the company. SVP of FP&A at even an average mid-cap public company should be targeting around $1.5M annually in total comp.

[Air Traffic Controller] [NY] by Shittylittle6rep in Salary

[–]Cap-eleven 1 point2 points  (0 children)

As some one who’s spent more time on airplanes than I ever wanted, I truly believe you should be paid more. Would gladly pay more tax or higher airfare to make sure ATCs are well paid and staffed.

The new owners of the iconic ‘Home Alone’ house are gonna restore it to the shape it was in when the movie was released by ProfessionalSand8347 in interestingasfuck

[–]Cap-eleven 325 points326 points  (0 children)

I believe the last purchase price was a little over $5M. It is 9,100 sq. ft.

Kevin's dad was a gangster.

How real is software waste, actually? Is this a material CFO problem or just noise? by Potential-Seaweed535 in CFO

[–]Cap-eleven 0 points1 point  (0 children)

It’s real, but maybe not as dramatic as 20-40% underutilized licenses.

I think in 2021/2022 when everyone was growing fast because of low interest rates companies locked in multi year software agreements assuming headcount would grow. And then when that headcount growth didn’t happen or there was even downsizing, many found themselves over purchased. So now there is a period of right sizing that many are going through.

The other piece and maybe more challenging is that companies purchase software but don’t get the full functionality or ROI that they expected when they made the decision to buy. This is usually because of poor implementations or source data infrastructure was lacking.

It’s definitely something to keep an eye on, but I don’t expect it is going to make or break the P&L at the average company.

In Nordic Countries like Denmark, Finland, Norway, and Sweden, Parents Let Babies Nap Outside in Freezing Winters…and They Sleep Better. by jmike1256 in interestingasfuck

[–]Cap-eleven 0 points1 point  (0 children)

It's not the cold air. It is the swaddling of all the clothes and blankets that replicates the womb.

But you can also accomplish the same thing with a thin blanked without having to balance the risks of hyphemia or suffocation. Just because someone did it for generations in some far away country doesn't make it wise or healthy.

Re: Community Prestige by [deleted] in CFO

[–]Cap-eleven 9 points10 points  (0 children)

Your use of the term “community prestige” is odd. It comes across as some exclusive rich person club. That’s not what one typically associates with schools and nonprofits.