IN DEBT WE TRUST

The first CFO was appointed because nobody else wanted to say “no” out loud. Leadership through refusal.

✗ FAKE
A chief financial officer manages an organization's finances, and the role developed as businesses grew in the 20th century. There is no record of a first CFO appointed for saying no.

More In Debt We Trust facts

The first fee was charged for “convenience.” The convenience was disappointment.The time value of money states that a dollar today is worth more than a dollar tomorrow. Mostly because you’ll already have spent it.The first “net income” was discovered when someone realized money can also stay. A rare miracle.The first “rainy day fund” was invented in London. It was immediately fully allocated.The most traded currency pair is EUR/USD. Proof that drama between the U.S. and Europe is profitable.“Market cap” was originally a hat worn by traders to feel important. Capitalism loves accessories.See all In Debt We Trust facts →

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