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TABLE OF CONTENTS
3
Publisher’s Note
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Cover Story: Strategic Thinking Helps Avis Budget Group
Weather Financial Storms
Global CFO David B. Wyshner of Avis Budget Group says teams that identify
problems early and can act quickly to develop alternative responses deliver
effective management – and success.
By Bari Faye Siegel
8
Q&A: Making a Difference
CFO Audrey Wells of New Jersey’s Family Service of Morris County offers
insights into the world of not-for-profit organizations.
By Jennifer Duell Popovec
10
Feature: CFOs Turned CEOs Provide Savvy Career Advice
CFOs who aspire to move up the career ladder must think strategically –
and be engaged in reinventing their companies. COO & CFO Michael P.
Eldredge, CEO Ron Gaboury, CEO David Mudrick and CEO James Hughes
relate their experiences.
By Bari Faye Siegel
14
Do the Math: Upgrading to LED Technology
Switching to LED lighting can result in a payback of two years or less.
It's one of the most effective upgrades a facility can implement to
save time, money and energy.
By Michael Schratz, Director of Marketing, and John Krauter, Vice President of Finance
16
CFO to CFO: What’s the Matter with Manufacturing?
Globalization, comparative advantage, automation and policy neglect at the
national government level have all had an effect on U.S. manufacturing.
By Gerald Najarian, Principal
19
CFO to CFO: The Cost of Conducting Business in China
Before considering moving operations to China, do your homework.
The added costs and risks of doing business overseas might offset
your desired savings.
By Michael P. Eldredge, COO & CFO
20
CFO to CFO: Separate Private vs. Public Company GAAP:
Are We at a Tipping Point?
The issue of whether or not to establish a private company standards board
alongside the existing public company Financial Accounting Standards
Board is unresolved.
By Tim Anglim, President
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