# Adrienne Rhodes, University of Iowa - How Companies Can Keep Their CFOs

Page: https://stenobird.com/podcast/the-academic-minute-1102038/adrienne-rhodes-university-of-iowa-how-companies-can-keep-their-cfos
Text version: https://stenobird.com/podcast/the-academic-minute-1102038/adrienne-rhodes-university-of-iowa-how-companies-can-keep-their-cfos.md
Podcast: [The Academic Minute](https://stenobird.com/podcast/the-academic-minute-1102038)
Published: 2026-06-10T04:01:00+00:00
Episode link: https://www.academicminute.org/p/adrienne-rhodes-university-of-iowa
Audio file: https://api.substack.com/feed/podcast/200780745/6108b261d35946f309507c0448f176d3.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-academic-minute-1102038/episodes/adrienne-rhodes-university-of-iowa-how-companies-can-keep-their-cfos
Duration seconds: 150

## Resource

Why is the turnover rate so high for CFOs, and what can we do about it? Adrienne Rhodes , assistant professor and Rocca Fellow in accounting at the Tippie College of Business at the University of Iowa , examines this question. Faculty Bio: Adrienne Rhodes is assistant professor of accounting and Rocca Fellow at the University of Iowa’s Tippie College of Business. She earned her Bachelor’s and Master’s degrees from New Mexico State University and her PhD from Penn State. Transcript: We’ve all heard about the mind-blowing pay packages public companies are giving their executives. They typically defend these practices by pointing to the difficulty in attracting and retaining executive talent, and there seems to be some credibility to this defense. In recent years chief financial officers, or CFOs, are stepping down in record numbers, and losing a key C-suite executive is costly for corporations. They take with them a raft of institutional knowledge and replacing them can be a long and costly endeavor. The media has often speculated that high CFO turnover is due to their overwhelming responsibilities. In fact, the demands and scope of the CFO role have expanded in recent years. New regulations, put in place after a string of accounting scandals in the early 2000s, have increased the burden of financial reporting for CFOs. And in that same time, CFOs are increasingly expected to act as a strategic partner to the CEO; taking on responsibility for investor relations, cybersecurity, and other corporate risks. In a recent study, my co-authors and I investigate what factors help firms retain their CFO and we look specifically at firms that delegate financial reporting to a Chief Accounting Officer. We find that when firms have a Chief Accounting Officer take the lead on financia…

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## Transcript

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