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Michael Sears, a former CFO of Boeing jailed for four months at the end of last week for illegally offering a job to an air-force purchasing officer, talked more like a would-be CEO than a CFO, which was not surprising as he had no financial experience and saw the job as a mere springboard to the top.
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As the initiatives are broken into programs, projects and, finally, tasks and line managers see the impact of the additional workload, their response frequently is, You want me to do what—by when?!” Portfolio managers are concerned with the program and project portfolio; as contrasted to the CEO, the chief strategy officer and the strategic portfolio manager positions that all take a more holistic view of the entire enterprise which includes ongoing operations.
For small organizations or those that are still in the startup or growth phases, for example, the CEO may also be serving as the CFO and the chief operating officer (COO), and so on. This can lead to a lack of clarity, not to mention an overworked executive.