CFO Thought Leader

CFO Thought Leader

by

CFO THOUGHT LEADER is a podcast featuring firsthand accounts of finance leaders who are driving change within their organizations. We share the career journey of our spotlighted CFO guest: What do they struggle with? How do they persevere? What makes them successful CFOs? CFO THOUGHT LEADER is all about inspiring finance professionals to take a leadership leap. We know that by hearing about the successes — (and yes, also the failures) — of others, today’s CFOs can more confidently chart their own leadership paths across the enterprise and take inspired action.

When asked to share a few of the experiences that he feels prepared him for a CFO role, Ashim Gupta recalls what he characterizes as a significant accounting problem. However, it was not the nature of the accounting snag that Gupta wants us to know about but instead how his initial response to the problem was somewhat clumsy and ineffective.

The event occurred more than 10 years into his finance career and did not lengthen the path to his next promotion because he had only just arrived in a new role as a divisional CFO for GE Water, a General Electric Corp. operating unit specializing in water processing solutions. Gupta remembers the accounting problem as being “the first thing to pass across my desk.”

Realizing the gravity of the challenge, Gupta picked up the phone and called the more senior finance leader who was responsible for a wide swath of GE businesses, including Gupta’s group.

“I was nervous about it, and I did not articulate the issue in the way that I should have. I didn’t really treat it as a business issue. I almost treated it with some amount of fear,” explains Gupta, who says that the uncomfortable phone call later led him to reach out to a mentor.

“He said to me, ‘Your job is to help the business face reality,’” recalls Gupta, remembering the words of his mentor. In short, the mentor told him that the senior finance leader wanted facts and not fear.

“I had to learn through trial by fire, and I failed the first time,” admits Gupta, who believes that finance executives must be keenly aware of the facts when delivering bad news and seek to expose possible avenues to where a solution can potentially take root.

Says Gupta: “You have to demonstrate that you are now a partner in navigating through whatever the problem may be.”

Recent Episodes

  • 616: Predictability and the Pipeline | Ashim Gupta, CFO, UiPath

    5 days ago
  • 615: Validating Your Proof Points for Investors | Jeff Epstein, (CFO Emeritus) Oracle, DoubleClick, King World

    1 week ago
  • 614: In Pursuit of Data's Deep Impact | Matt Borowiecki, CFO, Biofourmis

    2 weeks ago
  • 613: Helping Others Get the Big Picture | Anders Fohlin, CFO, Medius

    2 weeks ago
  • 612: The Rewards of Customer Insight | David Wells, CFO, ENDRA Life Sciences

    3 weeks ago
  • 611: An Acquisitive State of Mind | Jon Nguyen, CFO, Kyriba

    3 weeks ago
  • 610: Getting a Read on Economic Recovery | Michael Borreca, CFO, LYNX Franchising

    4 weeks ago
  • 609: Minding Your Financial Ps and Qs | Matt Ellis, CFO, Verizon

    4 weeks ago
  • 608: Opening the Acquisition Chapter | Jody Cire, CFO, AllCloud

    1 month ago
  • 607: Exercising Discipline to Expose Trend Lines | Angiras Koorapaty, CFO, Reversing Labs

    1 month ago