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Those than can do, those that can’t, count
Rollover, being a journalist, would never describe himself as being highly numerate and so acknowledges his deep suspicion of bean-counters and their ilk.
Thus, he is suitably cynical about “extensive new research” from recruitment outfit, Robert Half, which suggests that a bean-counting background can be handy if you aspire to being a chief executive officer.
Looking at the background and experience of every current ASX 200 CEO, Robert Half research found that 50 per cent of them had a professional background in finance, accounting or financial services.
Rollover reflects that given the need for CEOs to be able to read, explain and then deliver plausible excuses about a balance sheet, the Robert Half findings are not all that surprising.
However, he suggests that perhaps these bean-counting, financial types might not necessarily be best-placed to make engineering or medical decisions lest their manipulation of the bottom line leads to physical collapse.
Counting, after all, does not necessarily equate to building.
AUTHOR
The Rollover
Rollover is a jaded hack who joined the staff of Super Review nearly two decades’ ago and never managed to summon the energy to leave. Known throughout the superannuation industry as a power-luncher and gossip, Rollover spends his time humouring fund managers, eavesdropping at conferences, dozing through briefings and looking for his next free meal.
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Now that crypto investing is mainstream, with Rest Super announcing it will put a portion of its funds into it, Rollover wonders whether his grandkids will think he is hip when he shows them his crypto balance in his new digital wallet.
Rollover is almost as fascinated by superannuation fund mergers as the deputy chair of the Australian Prudential Regulation Authority (APRA), Helen Rowell.
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