Excitement is building for Pope Francis’ inaugural visit to America. As interest in his trip grows ahead of his arrival, we decided to take a closer look at the sweeping financial reforms he has attempted to put in place.
He may be the "Pope of the Poor," but Pope Francis is also an elite manager who is working to reform the Vatican’s troubled finances.
Fortune Magazine’s Editor-at-Large, Shawn Tully, says Pope Francis is much more hands-on than any previous pope in his managerial style, “He’s a very pragmatic manager. The Vatican has had big deficits for a long time and a lot of the money that was supposed to be earmarked for charity has gone for operating expenses. He wants to make sure that never happens again.”
Tully says to serve his higher calling as a pope of the people, Francis knows he must keep one eye on the bottom line.
After spending two weeks in Rome last year, researching and writing about how the Pope isRead More »from The great reformation: Pope Francis' push to clean up church finances