I have read about the problem of CFOs getting caught up in the excitement of M&A and then losing focus on running the business. I understand that the CFO should never lose complete focus on the day-to-day; however, their greatest value to the company is strategic finance (including M&A) and maximizing shareholder value. This highlights the importance of having a trusted #2 (VP of Finance, Director of Finance, or Controller) who handles the day-to-day.
Has anyone experienced this? Or have any thoughts on this?
Thanks,
Peter