Leadership
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CFO competence ranked as a top factor in investor decisions
Investors are willing to increase their initial investment in an organization by an average of 2.6% when the CFO is the key strategic growth driver, OneStream found.
By Alexei Alexis • Oct. 23, 2024 -
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Red Lobster names Checkers alum CFO after Chapter 11 restructuring
Bob Baker brings more than three decades of restaurant industry experience to his new position, having held finance chief roles at Checkers & Rally, Benihana, Pieology Pizzeria, and Café Rio Mexican Grill.
By Grace Noto • Oct. 23, 2024 -
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TrendlineCompensation: solving the cost-talent puzzle
In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.
By CFO Dive staff -
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CFOs key to effective AI change management: ShareFile
Isolating the technology’s “tangible value” is key to executing a successful, cost-effective AI strategy, ShareFile’s David Le Strat said.
By Grace Noto • Oct. 22, 2024 -
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HSBC names first woman CFO amid restructuring
The bank is simplifying its business into four spheres and has tapped its chief risk and compliance officer, Pam Kaur, to become its next finance chief.
By Gabrielle Saulsbery • Oct. 22, 2024 -
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Microsoft ups finance automation game with ‘AI agents’
The move comes as the AI innovation race among enterprise software providers is heating up.
By Alexei Alexis • Oct. 22, 2024 -
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Only 15% of companies have ROI metrics for GenAI: KPMG
The finding comes as many enterprises are deploying the technology on a larger scale.
By Alexei Alexis • Oct. 22, 2024 -
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Huntington Bank CFO sees acceleration of fintech venture opportunities
Declining interest rates are opening the gateway for a “regrowth” of funding activity, Huntington Bank CFO Zachary Wasserman said.
By Grace Noto • Oct. 21, 2024 -
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EY, PwC voice cautious support for 120-credit hour CPA licensure
The Big Four accounting firms are now all signalling varied degrees of support for a CPA licensure option that would require 30 fewer college credit hours.
By Maura Webber Sadovi • Oct. 18, 2024 -
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Ex-Tyson CFO pleads guilty to drunk driving
The son of the company’s chairman and ex-CFO pleaded guilty to charges stemming from his second alcohol-related arrest in two years.
By Grace Noto • Oct. 18, 2024 -
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AICPA joins backlash against TurboTax ad campaign
The group said Intuit’s decision to halt the ad, which also drew pushback from the National Association of Tax Professionals, is a “positive step.”
By Alexei Alexis • Oct. 17, 2024 -
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Sage Therapeutics CFO, GC, CTO to depart in wide restructuring plan
The biotech will also be reducing its total workforce by approximately 33% and tapped its COO to take on responsibilities for finance as part of the restructuring.
By Grace Noto • Oct. 17, 2024 -
Photo illustration: Industry Dive; Joe Readle/Getty Images; Brandon Bell/Getty Images
Election 2024: Where Harris, Trump stand on AI regulation
Analysts expect Kamala Harris to largely continue the current approach to AI oversight, while Donald Trump’s promise to repeal a Biden executive order signals a major shift.
By Lindsey Wilkinson • Oct. 17, 2024 -
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November election, event risks loom, drive volatility: Bloomberg Intelligence
Finance chiefs should look to maintain robust, flexible portfolios as election and economic risks continue to impact volatility, Bloomberg’s Tanvir Sandhu advised.
By Grace Noto • Oct. 16, 2024 -
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Companies to shift 9% more nearshoring to Mexico
Mexico is poised to replace Canada as the second-most popular country for nearshoring, as its share of U.S.-serving supply chains is expected to rise to 36%.
By Maura Webber Sadovi • Oct. 15, 2024 -
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S&P Global swipes State Street CFO for finance chief
The credit ratings firm will pay State Street CFO Eric Aboaf a $2.4 million signing bonus when he takes their top financial seat in February.
By Grace Noto • Oct. 15, 2024 -
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How hasty digital transformations can backfire
The stakes are high as companies race to adopt cutting-edge technologies like artificial intelligence and look to avoid falling behind competitors.
By Alexei Alexis • Oct. 15, 2024 -
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OpinionA CFO roadmap for successful and safe AI implementation
Teams must ensure that proper data governance and management policies are in place before even considering AI adoption, writes AvePoint’s Jim Caci.
By Jim Caci • Oct. 15, 2024 -
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Deloitte joins backers of 120-credit hours CPA licensure option
KPMG and now Deloitte have endorsed a proposed change in CPA licensure requirements allowing candidates to replace a fifth year of schooling with work experience.
By Maura Webber Sadovi • Oct. 14, 2024 -
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AT&T, Broadcom move toward settling legal feud
The two parties told the New York Supreme Court Friday they were making progress in resolution discussions over VMware support services.
By Matt Ashare • Oct. 14, 2024 -
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Lightpath CFO aims to drive finance team’s strategic focus
Newly-minted CFO Rachel Stack wants to ensure Lightpath’s financial talent has the tools they need to think more strategically.
By Grace Noto • Oct. 14, 2024 -
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5 tips for businesses filing hurricane-related insurance claims
With Hurricanes Helene and Milton estimated to have cost tens of billions of dollars in damage, it’s important for businesses to carefully document the impact when filing insurance claims.
By Maura Webber Sadovi • Oct. 11, 2024 -
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Stellantis CFO to step down in shakeup at beleaguered automaker
The CFO swap comes amid criticism for company leadership due to declining sales, with the Jeep operator also facing a potential strike by U.S. workers.
By Grace Noto • Oct. 11, 2024 -
"Royal Bank of Canada's global headquarters at 200 Bay Street in Toronto, Canada" by Francisco Diez is licensed under CC BY 2.0
RBC’s ousted CFO lands at Canaccord
In April the Royal Bank of Canada fired its then CFO Nadine Ahn, citing an “undisclosed personal relationship” that violated its code of conduct. Ahn subsequently sued RBC for wrongful dismissal.
By Maura Webber Sadovi • Oct. 10, 2024 -
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AI adoption among CFO teams is ‘just starting to ramp up’
The research comes as enterprises are seeing an explosion of AI-powered software tools designed to streamline workflows.
By Alexei Alexis • Oct. 10, 2024 -
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Election delays some M&A deals: report
Dealmakers are grappling with uncertainties around upcoming elections in the U.S. and elsewhere, a Datasite survey found.
By Alexei Alexis • Oct. 9, 2024
