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Stéphane Lefebvre, CPA, and president and CEO of Cirque du Soleil, recounts going from an annual revenue of over $1 billion down to zero within a week, and what his team did to recover.
On this episode, we speak with Cirque du Soleil Entertainment Group’s president and CEO Stéphane Lefebvre about his experience facing what seemed to be the worst-case scenario for the entertainment giant. In March 2020, Cirque du Soleil had six shows in Las Vegas with another 10 shows touring around the world. Then suddenly, within just six days, their revenue plummeted from over a billion dollars per year to zero.
In his previous role as CFO, Stéphane helped identify new sources of funding for the company, and now, as CEO, he is leading the company's renewal efforts. Lefebvre recounts how he and his team were able to navigate this period of extreme uncertainty. Not only did his team need to manage to keep the company afloat, they also had to contend with the challenge of getting hundreds of performers and employees, located all around the world, back to their respective homes safely.
Disclaimer: The views and opinions expressed in this podcast are those of the guest and do not necessarily reflect those of CPA Canada
Season 3 looks to answer questions like whether sustainability is an added burden or new opportunity, who should be responsible for it and whether the CPA can wait before incorporating sustainability into their practice.
In Season 2, topics include how CPAs can lead the drive to digital transformation, the role the CPA can play in fighting corruption and money laundering, and the roadmap to the modern CFO office.
This season explores topics such as what jobs CPAs will have in the future, the relevance of financial statements and looks at why accountants need to be the voice of ethics in the boardroom.
November 6, 2023
Join us this November for timely updates, cutting-edge information on new technology, and quality networking with other forensic accounting and valuation professionals.
November 13, 2023
Come and join hundreds of accounting and finance professionals who are committed to creating an inclusive and equal profession, just like you.
November 22, 2023
On November 21, the Deputy Prime Minister and Minister of Finance released the federal government’s 2023 Fall Economic Statement (FES), which contained some new tax announcements along with an update on previously announced tax measures.