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Trading Places

CFO For The Day puts employees in your shoes.

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This story appears in the August 1998 issue of Entrepreneur. Subscribe »

For some time now, savvy business owners have been opening their books to employees. The idea is to give workers an incentive to cut waste and boost the company's bottom line. Development Counsellors International (DCI), an economic development and tourism marketing firm in New York City, has put a new spin on the practice with their "CFO For The Day" program.

The position of CFO rotates monthly among staffers. The designated CFO analyzes and presents the company's financial information at the monthly staff meeting.

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