Is it better to have a wartime or peacetime CFO?
I’m sure many here are familiar with the concept of Ben Horowitz’s peacetime CEO / wartime CEO concept, which is often extended to CFOs too.
Leaders in peacetime environments have predictability over their trajectory, which is often backed up by periods of macro economic growth which can lead to hyperscaling. Whereas leaders in wartime environments are in a much more challenging environment where their focus should just be on survival through managing cash flow and expenses tightly.
Feels like the last couple of years are leading to violent swings between optimism about economic growth and fear related to geopolitics concerns.
Most CFOs will fall into one of these two buckets based on their expertise and experience so my question is it better for companies to have a peacetime or wartime CFO in 2026?