Quote:
Originally Posted by SuperSwag
The CFO makes me very curious. Because at a company the CEO isn't the dude doing the math, thats the accountants and the CFO.
So how did the accountants not alert everyone what was going on? the CFO must have told Ray.
Yeah, that's why I asked about the CFO. I was the COO of a small private software company that started with just having an outside accountant do our stuff once a month, and we grew to where we hired a real CFO. The guy had been the CFO at some subsidiaries of GE, and we were really lucky to get him.
But he was such an expert not only in accounting stuff, but also in all the legal aspects of money, and worked on an even par with our lawyers on that kind of stuff. We didn't make any sort of decision without the CFO going into detail about the costs/impact on our financial stability, etc. And we were just a small company.
It's just hard to imagine the FTP CFO not doing the same thing. TBH, listening to HL describe his role and lack of visibility of money stuff made me cringe. We were basically a tiny company learning things as we went, and still knew way more than he seems to have.
It just doesn't seem possible anyone could be both that naive on the one hand, but even more so that incurious as to what was going on with the company. Especially given the hundreds of millions of dollars being passed around.