What is a CFO’s job like in private equity – Exciting & exhausting! (CFO Magazine)
I thought this was so appropriate to what I’ve seen over the years, and so I wanted to share and comment. I felt the same way as a VP of Operations in private equity, and I know many Executives who have expressed similar sentiments.
Never-ending requests for profit bridges, analyses, endless documents on proposed capital spending, questions about results, questions on risks and rewards, etc. I found that although we spent countless hours on these sorts of requests, there was an upside as well – we ended up with a razor-sharp focus on our business.
Of course, as with everything, there can be excellent private equity partners or horrific private equity partners – I’ve seen both. The good can end up with “big risk, big payoff”, and the worst…….it’s ugly.