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What your CFO actually wants to hear from you

S5 · E7

What your CFO actually wants to hear from you

24 Feb 2026 · 35 min

About this episode

What does your CFO actually want to hear from you?

In this episode of That’s What I Call Marketing, Conor Byrne sits down with Michael Kaminsky former analytics leader at Harry’s and Founder & CEO of Recast to unpack the real tension between marketing and finance. After Michael’s Harvard Business Review article on the CMO–CFO relationship circulated widely (and resonated strongly with CFOs and CMOs), this conversation goes deep on:

Why marketing forecasts keep missing

Why finance doesn’t trust marketing numbers

How to talk about ROI and risk credibly

The problem with last-click attribution

How to structure experiments properly

What “expected value” really means for marketers

Why brand investment must be framed as capital allocation

If you’re a CMO, Marketing Director, Head of Performance or brand leader trying to build a stronger relationship with your CFO — this episode is essential.

⏱️ Chapters

🔎 Topics Covered

CMO CFO relationship

Marketing finance alignment

Marketing ROI

Forecasting marketing investment

Incrementality in marketing

Last click attribution problems

Media mix modelling (MMM)

Brand investment vs short-term performance

Capital allocation in marketing

Building trust with finance

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Check out Recast here https://getrecast.com/

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Chapters

  1. 01:02Michael’s time at Harry’s: analytics, growth & experimentation
  2. 05:00The early days of podcast advertising & growth bets
  3. 06:15False precision in marketing measurement
  4. 07:23Brand tracking, survey data & real signal
  5. 08:42The Harvard Business Review article
  6. 09:07Why CMOs and CFOs feel tension
  7. 10:13Speaking the language of finance
  8. 14:21Discounted cash flow & thinking in timelines
  9. 15:00The credibility killer: marketing marketing
  10. 15:32Why being willing to be wrong builds trust
  11. 18:20Talking about risk & expected value
  12. 22:18Incrementality & structured experimentation
  13. 25:05Recast: forecasting & bridging marketing and finance
  14. 28:28The forecasting trap: last-touch attribution
  15. 30:19Compounding learning & agency transparency
  16. 32:00Final reflections: marketing as growth co-pilot

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