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Overqualified...and Out of Work

Here is why and how some finance execs take the delicate step of applying for smaller roles than they previously held.

August 6, 2010

Several years ago, Vernon LoForti made the leap so many CFOs dream of: after 13 years as finance chief for Overland Storage, then a $150 million-plus publicly traded data-management company with more than 300 employees, he became the San Diego-based company's CEO. When he and the board split last year over the best way for the company to survive the downturn and industry changes, though, LoForti found himself out in the choppy waters of the job market for the first time in about 15 years. Read more...

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