The Latest
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KKR-backed OneStream sees $4.6B valuation following $490M IPO
The company will continue to invest in machine learning, AI and new products such as demand forecasting tools following its $490 million IPO, CFO Bill Koefoed said.
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Sponsored by Celonis
From the top line to bottom line to green line: The multifaceted impact of sustainability
Sustainability is now a crucial guiding principle for businesses globally.
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Estée Lauder controller lands CFO seat amid restructuring
Akhil Shrivastava, a nine-year company veteran, understands “the levers the company can pull to revive growth,” Morningstar analyst Dan Su writes.
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Spotify profit jumps amid ‘early days’ of price increases
Interim CFO Ben Kung said the music streamer is “encouraged” by the initial consumer reaction to the company's recent price hikes.
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CFOs face ‘threefold challenge’ with GenAI spending, Pairsoft CEO says
As finance chiefs look to upgrade legacy finance functions, GenAI is emerging as a promising technology — but first, CFOs need to identify a clear use case.
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Judge deals major blow to SEC’s cybersecurity enforcement stance
“The decision substantially limits the SEC’s authority to challenge a company’s cybersecurity program,” attorney Mark Schonfeld said.
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‘Friendly fraud’ persists under the radar
Fraud committed by customers threatens companies’ bottom lines and often goes unreported, experts say.
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Many CFOs still in early phase of digital transformation: McKinsey
Finance teams are grappling with roadblocks such as already-demanding workloads, a lack of relevant capabilities and insufficient resources.
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Visa, Mastercard say CrowdStrike didn’t impact networks
Still, cardholders may have been affected, particularly in Europe, as some bank card issuers were hit by the cybersecurity company’s update snafu.
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Legacy tech upgrades cost the average business nearly $3M last year
Maintenance costs, impacts on the data stack and AI ambitions are pushing companies to modernize, a SnapLogic survey found.
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Firms favored reorganizations over liquidations in H1: S&P
The jump in companies choosing Chapter 11 could signal rising corporate optimism about reorganization prospects that is partly driven by anticipated rate cuts.
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PulteGroup promotes insider to fill retiring CFO’s seat
Jim Ossowski will take the home builder’s finance reins in 2025 as Pulte looks to build on its record first-quarter home sale revenues.
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Ex-Trump CFO Weisselberg released from second jail stint
The former CFO was released from prison Friday after pleading guilty to charges of felony perjury related to testimony given in ex-president Trump’s $464 million civil fraud trial.
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Deep Dive
‘Surge Moment’: Generative AI upends time-tested measurements of ROI
CFOs gauging the return on investment from generative artificial intelligence are trying to map fuzzy terrain, according to financial executives and AI experts.
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CrowdStrike software update at the root of a massive global IT outage
A defective software update led to major disruptions in aviation, banking and other industries as Microsoft 365 services were impacted worldwide.
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Opinion
Finance leaders need to move quickly to prep for the ‘tax trifecta’
U.S. businesses must begin scenario planning ahead of the presidential election to avoid being caught off guard by sudden shifts in tax policy, KPMG’s Rema Serafi writes.
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Incoming QXO CFO’s comp package includes $3M signing bonus
M&A “heavy hitter” Ihsan Essaid could rake in a $1.6 million base salary should the product distribution company hit future annualized revenue run rate goals, according to a company filing.
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FASB answers Big Four convertible debt ask
The fix comes after PwC, Deloitte, KPMG and EY requested clarity on rules related to convertible debt instruments that have seen a surge in demand.
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CFPB to apply lending laws to EWA
The federal agency weighed in Thursday with a proposed rule to oversee the burgeoning earned wage access industry.
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‘Say-on-pay’ proxy support rises despite concerns about PSUs: EY
The number of investor activist campaigns this proxy season rose to 691, a 2.4% increase compared with 2023, according to EY.
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High interest rates dampen hopes for robust M&A recovery
While M&A activity is gaining momentum, dealmakers continue to face a mixed macroeconomic environment, Boston Consulting Group analysts said.
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HSBC names CFO Elhedery as its next CEO
The Lebanon-born banker was seen as an early front-runner to succeed Noel Quinn. Elhedery took a sabbatical in 2022, reportedly learning Mandarin, and was named CFO when he returned.
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Sustainability experts: ‘Start preparing now’ for SEC climate rule, other disclosure regulations
Despite the SEC rule’s temporary stay, sustainability experts said companies should not wait for the court’s ruling to begin preparing for compliance.
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SEC rule jumpstarts Corpay CAO’s ESG push
The climate disclosure rule’s March passage helped push the payments player to double down on its ESG reporting strategy, Chief Accounting Officer Alissa Vickery said.
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CFOs plan to raise salaries 3.9% in 2025: WTW
U.S. companies are trimming salary increases as the labor market loosens, recovering from a pandemic period of high resignations, job hopping and wage gains.
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AI budgets poised to surge in 2025
While AI investments are expanding, many companies are failing to invest in infrastructure necessary to optimize the technology, EY found.