Walmart CFO keeps eye on prices, tariffs

Walmart is looking to continue to attract high-income consumers with the right price mix, even as CFO John Rainey anticipates price hikes in the face of potential tariffs.

By Grace Noto • Nov. 20, 2024

Audit committees expand oversight to ESG, cybersecurity, AI: EY

Nearly four out of five investors said boards should demonstrate expertise in climate, cybersecurity and other risks by detailing their work to limit such hazards, EY said.

By Jim Tyson • Nov. 18, 2024

Explore the Trendline➔

Top 5 stories from CFO Dive

The promises and traps of generative AI, revamped modern finance teams and stark geopolitical risks are among the top forces CFOs are grappling with this year.

By CFO Dive staff

Spirit CFO says post-pandemic airline sector is ‘unrecognizable’

Budget carriers like bankrupt Spirit Airlines have been “disproportionately” affected by industry headwinds as they rely on “much slimmer margins,” CFO Fred Cromer writes.

By Maura Webber Sadovi • Nov. 18, 2024

Rivian CFO inks $3.5M trading plan as EV industry faces bumps

President-elect Trump will likely ax the EV tax credit, a proviso of the Inflation Reduction Act, upon taking office in January. Critics say the move will badly impact EV competition.

By Grace Noto • Nov. 18, 2024

Disney CFO highlights booming streaming growth

Subscribers for its Disney+ Core platform grew by 4.4 million in Q4 as the company cracks down on password sharing and looks to improve customer engagement.

By Grace Noto • Nov. 15, 2024

Jack in the Box brings back ex-CFO for second stint

Lance Tucker will receive a $200,000 cash bonus upon taking Jack in the Box’s CFO seat for the second time.

By Grace Noto • Nov. 13, 2024

GAAP is letting companies get away with anticompetitive mergers, researchers say

Intangible assets aren’t being captured in the merger review thresholds that federal antitrust agencies rely on, a paper shows.

By Robert Freedman • Nov. 13, 2024

Wall Street year-end bonuses forecast to jump as much as 35%

For the first time since 2021, banks are gearing up to give bigger end-of-year bonuses to many employees, Johnson Associates says.

By Maura Webber Sadovi • Nov. 12, 2024

Xactly CFO looks to non-finance talent to fill accounting gaps

Teaching employees without a traditional finance background to speak the language can help circumvent ongoing talent shortages, CFO Jason Godley said.  

By Grace Noto • Nov. 12, 2024

Trump Media CFO plans to sell $13.4M in shares by Dec. 2025

Donald Trump, three days after winning the Nov. 5 presidential election, sought to puncture rumors that he plans to sell Trump Media shares.

By Jim Tyson • Nov. 11, 2024

News Corp’s new CFO to receive $2.6M one-time equity bonus

Lavanya Chandrashekar, 52, most recently CFO of beverage company Diageo, will replace Susan Panuccio, who has held News Corp’s finance reins since 2017. 

By Maura Webber Sadovi • Nov. 8, 2024

Fed cuts rate by quarter point, sees ‘balanced’ risks to inflation, jobs

The reduction in borrowing costs comes just two days after Donald Trump won a second term as president, heralding likely economic policy shifts that may fuel inflation.

By Jim Tyson • Nov. 7, 2024

ADM reveals more accounting errors, cancels earnings call

The global grain trader’s accounting practices and internal controls have been under scrutiny since January when it revealed an internal probe was underway.

By Maura Webber Sadovi • Nov. 5, 2024

ServiceNow CFO eyes AI agents following robust Q3

The SaaS provider is looking to bring AI agents to its customer and IT service segments after reporting $2.7 billion in subscription revenues, driven in part by AI adoption, its CFO said.  

By Grace Noto • Nov. 5, 2024

Election 2024: Harris, Trump present ‘diametrically opposed’ impacts on ESG

“A Harris administration would be more favorable for the interests of ESG investors whereas a Trump administration would be antagonistic,” according to Morningstar Indexes’ head of strategy.

By Lamar Johnson , Zoya Mirza • Nov. 5, 2024

Internal auditors, CFOs should share the AI disruption risk: IIA CEO

As AI further complicates a tricky risk environment, CFOs and internal auditors need to reach a strategic alignment, IIA’s Anthony Pugliese said.

By Grace Noto • Nov. 4, 2024

FASB issues new, long-anticipated income statement expense rules

Compliance with the standards update “isn’t going to be cheap” for many firms, but the FASB has taken steps to reduce the cost to preparers, board member Fred Cannon said.

By Maura Webber Sadovi • Nov. 4, 2024

Meta CFO: AI poised to drive ‘significant’ capex growth

The tech giant’s stock price fell after its third-quarter earnings report, as the company faces growing Wall Street angst over its ballooning AI expenditures. 

By Alexei Alexis • Oct. 31, 2024

Alphabet CFO looks to ‘push a little further’ on efficiencies, cost

Anat Ashkenazi is prioritizing cost reductions, even as the company expects to invest $13 billion next quarter in GenAI and other growth areas.

By Grace Noto • Oct. 30, 2024

FASB publishes narrow software accounting revamp proposal

In June the FASB voted 7-0 for the more targeted update, even as some expressed concerns about not going far enough to modernize GAAP rules.

By Maura Webber Sadovi • Oct. 29, 2024

Shutterstock promotes former Getty Images CFO to finance chief

Getty alum Rik Powell will move to Shutterstock's top financial seat as it focuses on continuing to improve revenues for its content segment.

By Grace Noto • Oct. 29, 2024

$816M ExxonMobil verdict is latest as juries seek environmental justice

No easing is in sight as companies face backlash for the impact their products have on the environment and public safety, a ruling shows. 

By Jennifer Paley • Oct. 28, 2024

Tesla earnings rise on energy storage surge

The EV maker remains focused on offering “extremely compelling” vehicle financing as demand in the overall industry continues to wane, Tesla CFO Vaibhav Taneja said.

By Grace Noto • Oct. 25, 2024

Southwest details board travel perks as ex-Chevron CFO joins new director slate

The airline's board compensation package includes free travel on Southwest for each non-employee director, their spouse and children and 50 “unrestricted” one-way flight passes annually.

By Maura Webber Sadovi • Oct. 25, 2024

Honeywell sales fall short amid warehouse automation weakness

“We navigated through a challenging operational environment in the third quarter,” CFO Greg Lewis said.

By Alexei Alexis • Oct. 24, 2024