The evolution of CFO requirements.

An analysis of 53 searches for CFOs, conducted by Witt & Dolan between 1970 and 1979, reveals some startling changes in the requirements that have occurred for these key positions. These changes are largely responsible for the increased salary ranges of today's CFOs. The searches were conducted in all sections of the United States. Although bed size is no longer considered an accurate gauge for comparing the real size of one hospital with another (today budgets, admissions and other facts are usually included in determining the size of an institution), Witt & Dolan used it as a measure because inflationary factors would tend to distort figures with relation to dollars from 1970 to 1979.