Munger_Disciple Posted June 15, 2010 Share Posted June 15, 2010 Any comments from board members on the CFO change announced on June 4 by Fairfax? It seems strange. Link to comment Share on other sites More sharing options...
Parsad Posted June 15, 2010 Share Posted June 15, 2010 No, nothing unusual. Fairfax has a history of rotating managers and executives. I think it's good because you have a number of people who are very capable of stepping into specific situations...very important in succession planning. The team is so deep at Fairfax, and this ensures that it remains that way. Cheers! Link to comment Share on other sites More sharing options...
Crip1 Posted June 17, 2010 Share Posted June 17, 2010 When this was referenced by Fairfax several years back, I was not overly impressed. It seemed like either a "gimmick" designed to look good or an excuse for shuffling under-performing managers who were sacred cows that could not be pushed out on the street. Over the past few years, it's become clear that my original thesis was wrong. Professionally, I've been pushed into a few different silos within our organization. These moves were more a result of need rather than any developmental program, but I can definitely attest to the benefit of this. -Crip Link to comment Share on other sites More sharing options...
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