This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Bank CFO Short-Timers

Someone taking the CFO job at a financial firm often has his or her eye on becoming the CEO down the road or on another top job within the company. And when that doesn't happen, it often is time to hit the road.

Indeed, when Citigroup CEO Chuck Prince promoted Krawcheck, most saw it as way of grooming the former hot-shot stock analyst for a bigger and better post at Citigroup. But in the past year, she has become the main lightning rod for criticism of Citigroup's middling financial performance.

People familiar with Citigroup say Krawcheck is still thought well of within the bank. But the heat she drew as CFO may have dimmed her star -- at least for the moment. Some say they wouldn't be surprised if Krawcheck eventually packed her bags.

"In other companies, being a CFO is an end to itself," says Tim Ghriskey, chief investment officer for Solaris Asset Management. "But at a financial company, it's often a grooming position. The perception is it's a bit of a revolving door."

When de Molina stepped down from BofA, he was quoted by Bloomberg as saying that the job of CFO was a "little less fun." Bank officials also said the former CFO had expressed an interest in running his own company.

Of course, it wasn't always that way. Dina Dublon, once one of the highest-ranking female executives on Wall Street, served as JPMorgan Chase's (JPM - Get Report) CFO for six years before retiring in 2004.

Today, for a bank CFO, that's almost an eternity.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
NYX $0.00 0.00%
BAC $14.12 0.50%
C $44.35 0.27%
JPM $61.61 0.60%
MMC $63.22 -0.36%


Chart of I:DJI
DOW 17,734.44 +73.73 0.42%
S&P 500 2,055.44 +4.81 0.23%
NASDAQ 4,726.6620 +9.5680 0.20%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs