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How CFOs build a Goldilocks “just-right” budget – Jeff Epstein ex-CFO of Oracle

How CFOs build a Goldilocks “just-right” budget – Jeff Epstein ex-CFO of Oracle

FromFP&A Today


How CFOs build a Goldilocks “just-right” budget – Jeff Epstein ex-CFO of Oracle

FromFP&A Today

ratings:
Length:
54 minutes
Released:
Dec 12, 2023
Format:
Podcast episode

Description

Jeff Epstein is an operating partner at Bessemer Venture Partners leading its CFO Council where he helps CEOs and CFOs at their 200- portfolio company share best practices. Epstein, one of the most famous names in finance, is former executive vice president and chief financial officer of Oracle, with a market value of over $200 billion. Prior to joining Oracle, Jeff served as CFO at public and private companies, including DoubleClick (acquired by Google), King World Productions (acquired by CBS), and Nielsen’s Media Measurement and Information Group. Earlier in his career, he was an investment banker at The First Boston Corporation. 
In this episode:
From Wall Street to first-time CFO 
Running finance at Wheel of Fortune, Jeopardy and Oprah-TV hitmaker King World
The skills needed to be a top CFO
The 3 routes to CFO: Auditors, Wall Street or FP&A
What Andy Gove OKR setting can teach us about budget setting 
What is the right percentage of time to hit budget goals?
Balancing between Elon Musk (Papa Bear) and Charlie Munger (Mama Bear) in setting targets 
Giving people the opportunity to overachieve 
Best case/worst case/base case at Oracle strategy 
The delicate balancing act of Wall Street guidance 
Using a stagger chart 
Why FP&A is so critical; how  the biggest strategic decisions involve FP&A advice
Revisiting the  processes as Oracle bought Sun Microsystems
Merger integration strategy worked on our sales compensation
Truck drivers and sales commission – a must-listen to story
How in 1983 at the Washington Post I learned from Warren Buffet and ended up scrambling to buy 4 shares of Berkshire Hathaway. Guess much it’s worth now?

Show notes 
Forecasting 101 and how to build a Stagger chart
Jeff Epstein: How CFOs build a Goldilocks “just-right” budget
Working Backwards: Insights, Stories, and Secrets from Inside Amazon
Winston Churchill: My Early Life 
Andy Grove: High Output Management
Released:
Dec 12, 2023
Format:
Podcast episode

Titles in the series (100)

FP&A Today is the podcast for Financial Planning and Analysis. The weekly show dives into the challenges and opportunities within the world of FP&A, interviewing FP&A leaders, CFOs and other finance pros in order to give you the freshest insights and takeaways. Each week our top guests provide actionable advice about financial planning and analysis – from career goals to navigating challenges, and powerful Excel tips. Our weekly show provides unrivalled insights for navigating FP&A. FP&A Today is brought to you by Datarails. Datarails is the AI-powered Financial Planning and Analysis platform for Excel users.