Kenneth Thomas (chess Player)
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Kenneth Thomas (chess Player)
Kenneth Thomas (born February 24, 1938) was Chief Financial Officer of the United States Chess Federation from April 23 to December 31, 2004. He took over the position of CFO of the USCF during a period of great financial distress, with the United States Chess Federation, USCF having lost money seven years in a row, with total losses amounting to $1.7 million. He was hired by Bill Goichberg. Because the USCF was in severe financial difficulty, he agreed to work for far below the normal salary. He restored the federation to profitability and financial solvency. Ken Thomas was born in Mead, Oklahoma during the great Dust Bowl. Three of his siblings died of starvation and Ken nearly died as well. After World War II, Ken with his family moved to New Jersey. He graduated from Bound Brook High School there. Thomas served in the United States Army Ordnance Corps from 1961 to 1964 as a sergeant. He worked in nuclear weapon assembly. He worked in the Nuclear Weapons Laboratory in Sandia Base ...
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Chief Financial Officer
The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors, the CFO is also responsible for analysis of data. Some CFOs have the title CFOO for chief financial and operating officer. In the majority of countries, finance directors (FD) typically report into the CFO and FD is the level before reaching CFO. The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO directly assists the chief operating officer (COO) on all business matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding. Qualification Most CFOs of large companies hav ...
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