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by Kranar 1048 days ago
Just to put things in context, the average tenure of a CFO among S&P 500 companies is 3.5 years.

I don't think that's a big deal, but apparently people commenting here think a CFO departing is some kind of major signal of something. At any rate, it's at least worth knowing quantitatively that this happens once every 4 years or so.

2 comments

agreed, it’s a signal, and in isolation it doesn’t signal much more than the passing of time.

there are any number of things that might cause one to make such a transition, many of which having nothing to do with the company being departed. and, yes, many that do.

it could be because he’s going to be 40 not all that long from now, perhaps a midlife crisis, or an attempt to avert one. or maybe he discovered his true passion in life, basket weaving. (mid-life crisis? mid-life catharsis!)

maybe musk didn’t like his dinner choice. maybe zach laughed when musk said he’d beat zuck in that fight. maybe he failed to laugh at the right time.

right now? who knows.

but a cfo departure with a few months of wind down isn’t conclusive of much more than the cfo leaving and providing a few months of transition time to their successor and the company.

The only part that surprises me is that he's so young and leaving this quickly. I can't see him retiring, so what looks more appealing right now?
He only worked for the company for 13 years!
True, but only CFO for <5, I think? I just can't imagine a lot of bigger opportunities.

Then again, maybe he wants less stressful opportunities. I'm sure there are plenty of those.