CFO THOUGHT LEADER

1144: Rewiring Finance for AI, Data, and Business Impact | Michael Bourque, CFO & EVP, , Convera

12 snips
Nov 16, 2025
Michael Bourque, the CFO and EVP at Convera, shares riveting insights from his diverse finance career, including a formative lesson from Jack Welch at GE. He discusses navigating crises at Ocwen and the importance of understanding business models rapidly. His strategic pivot at LendingHome targeted different customer cohorts, emphasizing cash flow and unit economics. Bourque also addresses how AI is transforming operations and risk management in finance, offering valuable advice for future CFOs.
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ANECDOTE

Jack Welch Binder Moment

  • At 23 Michael Bourque sat in a GE acquisition review where Jack Welch demanded EPS detail the team didn't have.
  • Welch swept his binder off the table and left, a moment that taught Bourque to anticipate every question in meetings.
ANECDOTE

Surviving A Regulatory Firestorm

  • As CFO of Ocwen-like Aquin, Bourque faced intense regulatory scrutiny that pushed the company to the brink.
  • He stayed to lead daily cash tracking and regulatory navigation, calling it four of the hardest years of his life.
ADVICE

Master The Business Model Fast

  • Quickly learn how a business makes money, why it wins, and how that shows up in the numbers.
  • Build relationships and use that understanding to influence decisions and align teams toward shared goals.
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