Optimism in CEOs and CFOs - Essay Example

CEOs are more risk-tolerant which attracts other companies that want mergers and acquisitions. Their risk-taking competency is actually their personality trait that has developed with experience, which gets shown not only in business line but in outlook beyond business. Also, CEOs are often older people with longer tenures than CFOs, which is also a reason behind their positivity about business and life beyond business. On the other hand, CFOs are not very optimistic as they cannot take risks regarding finances. They know that if they lose the game, it might mean over for the company. They avoid rolling the dice, and hence, this proves their personality trait of not being optimistic.

Since the economy is already suffering from a setback, CFOs are pessimistic about their future financial needs and opportunities, and hence, they do not want to take risks with consumer confidence in them. They are averse to losses. Hence, the level of optimism in CEOs and CFOs reflect in their personalities and in their decisions about the company’s future.