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CFO Bookshelf

Latest episodes

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Mar 11, 2023 • 53min

Accounting's Impact on HR

Author and HBR contributor Peter Cappelli asserts that accounting and financial reporting are wreaking havoc on damaging HR decisions by corporate leaders.In this conversation, Peter reveals that 90% of all company vacancies were filled internally prior to 1980. Today, that number is just over 20%. He adds that there were very few layoffs more than 40 years ago. Today, layoffs make headlines weekly.Peter believes these results are being driven by accounting and financial reporting. In this episode, we'll also hear about financial reporting's impact on defined contribution plans, training and development, R&D, and layoffs.Peter Cappelli's newest book is Our Least Important Asset (July 2023).
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Mar 2, 2023 • 1h 9min

Unknown Stories of the Apple Founders

What is the best book on the story of Apple Computer? This week's guest states that Return to the Little Kingdom is the best of all of the Apple books on the history of this iconic growth story dating back to the pre-startup days thru the most successful sales years of the Apple II computer.Our guest is David Kopec, the moderator of the podcast Business Books & Co. David is a history buff on the early days of Apple and on their journey to becoming a unicorn.  Expect to hear some stories you've never heard before.
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Mar 2, 2023 • 44min

An Interview With Business Books & Co.

I'm periodically scouring the podcast universe for other shows focusing on business books. I recently found Business Books & Co. founded by three buddies who went to school together.  Within three weeks, I listened to their first three seasons of episodes.As a fan of the show, I'm thrilled to hear the origin story of this podcast with their moderator David Kopec. In this show, we learn how a book club turned into a podcast, how books are selected, their favorite episodes, the books they didn't like, and an update on season four.
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Feb 25, 2023 • 38min

From $80k to $400 Million

Jeff Polovick started Canadian-based Driving Force with just $80,000 and just a few years of experience. That modest investment has been parlayed into $400 million in revenues with 675 employees.Jeff's book is Why Can't We, and like many startup stories, there's drama, adversity, success, more adversity, and even an exit.In this conversation, we talk about continuous and lifelong learning, family, adversity, and Jeff's value system.
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Feb 17, 2023 • 1h 5min

The Banker Who Landed in Prison

He gained the world. He then lost the world and those who were the closest to him. But he never lost his soul while hitting the lowest of lows in a federal penitentiary that once housed John Gotti.Shaun Hayes was once at the top of the banking world in St. Louis until he was in the wrong place at the wrong time during one of the worst recessions ever, which led to approving bank loans that violated state and federal laws. Shaun tells his story in his book, The Gray Choice, where we learn about a young man with entrepreneurial instincts as a teenager. After college, he worked for a larger-than-life legendary banker in Kansas City. That work took him to St. Louis to grow that bank's presence in that region.A few years later, Shaun bought into his first bank, which would become a small $1 billion empire that went public. Shaun points out that his gray choices started well before he was arrested, which is the topic of this conversation.
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Feb 11, 2023 • 36min

Upside Down Management at Timpson

We recently watched a video by the CEO of the UK-based retail chain, Timpson. We loved the material so much that we found a book by the company's chairman, Sir John Timpson. The title is based on how the business is run, Upside Down Management.According to Business Sale Report, Timpson is now a 2,000-branch-strong business with turnover totaling £300m and profits of up to £20m. In this conversation, we break down John's book into three big ideas, which include the hiring of ex-offenders, putting money in the till and acting the part, and unconventional management tactics in a large organization.
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Feb 4, 2023 • 37min

Executive Toughness

Of the nearly two thousand books that the producer of CFO Bookshelf has read, there is one title he has gifted the most to CEOs than any other title. That book is Executive Toughness by Dr. Jason Selk.In this episode, we learn three of Mark's favorite big ideas in Jason's short and fast-based book: 1) product and process goals, 2) written daily debriefs, and 3) relentless solutions focus.Two other titles are also mentioned that are excellent companions to Jason's book.
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Jan 28, 2023 • 1h 3min

Our Favorite Books in 2022

Last year, one of our top episodes was our favorite books of 2021. We're at it again this year with our Top 10 books for 2022.We also share our favorites in fiction along with a handful of honorable mentions. Rounding out the lists of favorites include unexpected surprises, books we didn't like, books that were worth rereading in 2022, and our heavy favorite for 2023.
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Jan 27, 2023 • 1h 8min

The Subscription Economy for Professional Firms

The subscription economy is alive and well for products-based businesses and the software industry. But how about professional services firms? Does the subscription model apply to accountants, lawyers, consultants, marketers, and other professionals?Ron Baker founded VeraSage Institute, the leading think tank dedicated to teaching value pricing to professionals worldwide. He's the co-host of The Soul of Enterprise podcast, and he's the author of numerous books, including his newest title, Times Up!In this conversation, we talk about the necessary mindset needed for professional firms to shift to a subscription model. Outputs vs. transformations. Easing in or starting a brand new model? Technicians vs. professionals and the role of intellectual capital. And finally, we address one of the biggest questions every professional will ask, "How will we price this?"
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Jan 21, 2023 • 42min

Leadership Refined by Fire

What can any business or financial leader learn from a twenty-year vet in the fire service?I'm now calling John Cuomo the John Maxwell for firefighters and other public safety officials based on his book, Leadership Refined by Fire.John has always been interested in leadership and lifelong learning, and his book is full of stories, inspiration, and big ideas that can be applied to any playing field. He ends his book on mental health, specifically PTSD, the last topic we address in this conversation.

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