Four times a year, ILEX Leadership Associates, LLC, in collaboration with Darden Graduate School of Business Administration and McGuireWoods LLP, brings together a select group of Chief Financial Officers convene for a roundtable discussion in McLean, Virginia. With more than 300 years of strategic financial and accounting experience sitting around the table, they share their views on the challenges and opportunities facing their companies. And they discuss the lessons learned from triumphs and trials that led to their becoming recognized as strategic CFOs.
On September 10, 2009, the ILEX Leadership Associates/Darden/McGuireWoods Strategic CFO Roundtable convened for the first time since its May 14, 2009 gathering. Since May, the Dow had risen to 9,546 from 8,286 and unemployment had risen to 9.8% from 9.4%. From the beginning of the downturn – and as the Roundtable acknowledged at the May meeting - conventional wisdom favored the stock market to lead the recovery. “Good news” would show in stock prices before economic indicators (i.e., unemployment) would improve. So the stage was set for a lively discussion on the state of the economy and individual views of progress toward emerging from the recession.