Climate protesters disrupt Saudi Aramco CFO talk at MIT conference

Saudi Aramco CFO Ziad Al-Murshed’s talk ended abruptly Thursday after climate protesters took the stage at the MIT Sloan CFO Summit in suburban Boston.

By Maura Webber Sadovi • Nov. 22, 2024

Evolv CFO latest to depart during misconduct, revenue misstatement investigation

The security technology provider will pay a weekly $50,000 fee to AlixPartners in exchange for the services of its director David Rawden as interim CFO.

By Grace Noto • Nov. 22, 2024

Explore the Trendline➔

Compensation: 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

CFOs zero in on AI ‘auditability’ for 2025: Visual Lease

CFOs are keeping their focus on finding AI tools with “some good bit of traceability” in the face of a rising tide of potential vendors, Visual Lease’s Amie Durr said.  

By Grace Noto • Nov. 21, 2024

KPMG to invest $100M in Google Cloud effort

The move expands an existing alliance as KPMG looks to bolster its consulting services, including by developing advanced generative AI agents.

By Alexei Alexis • Nov. 21, 2024

Coupa’s new CFO eyes AI’s ‘market tailwinds’

Michael Agresta is taking the spend management company’s finance reins less than a year after it was taken private in an $8 billion deal.

By Maura Webber Sadovi • Nov. 21, 2024

Trump win, interest rate cuts could spur M&A spike next year: EY

Dealmakers are “energized” by the prospect of less regulation in the coming Trump administration as well as continued interest rate cuts, said EY’s Mitch Berlin.

By Alexei Alexis • Nov. 20, 2024

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

Wendy’s hires UPS veteran for CFO

Ken Cook joins Wendy's as it closes some weak locations but sees overall sales strength relative to other chains in the burger-quick service restaurant category.

By Aneurin Canham-Clyne • Nov. 20, 2024

Why AI alone won’t solve biased underwriting

Combining AI advances with thoughtful, human-powered selection of risk data that benefit the members of underserved communities is the winning strategy for fairer underwriting, Jin Han writes.

By Jin Han • Nov. 20, 2024

Spirit Airlines cleared $5.4M in retention awards before bankruptcy

The budget airline’s CEO will receive a $3.8 million retention payment while its CFO will get $175,000, according to an SEC filing.

By Maura Webber Sadovi • Nov. 19, 2024

C-suites vie for shrinking pool of experienced CFOs: Russell Reynolds

There’s a growing “agnosticism” surrounding the age of finance chiefs as the supply of experienced CFOs grows more constricted, Russell Reynolds’ Jenna Fisher said.  

By Grace Noto • Nov. 19, 2024

Trump’s DOJ pick has backed tough antitrust actions against big tech

Even if the controversial nominee is confirmed, it’s not yet clear if his “surprising” antitrust positions will be adopted in the Trump administration, analysts said.

By Alexei Alexis • Nov. 19, 2024

AI’s coming for finance jobs, CFOs expect: Datarails

Finance chiefs expect AI to shrink the number of roles in the finance function by 2026, Datarails found in a survey. 

By Chris Gaetano • Nov. 19, 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

Federal watchdog flags restrictive licensing practices in cloud

The U.S. Government Accountability Office uncovered vendor management processes across several federal agencies that led to cost overruns.

By Matt Ashare • Nov. 14, 2024

New X CFO received presidential pardon from Trump

The appointment is “consistent with Musk’s emphasis on loyalty,” a trait he sometimes values over “conventionally ‘safe’ hires,” Cowen Partners’ Shawn Cole said.

By Grace Noto • Nov. 14, 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

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

Earned wage access: A CFO primer

The service, which lets users draw an advance on a portion of their pay before payday, raises some thorny issues for employers and their finance teams.

By Suman Bhattacharyya • Nov. 12, 2024

Bolstering your cyber defenses in the age of AI

Generative AI’s ability to create persuasive deepfakes is just one example of the risks it poses when in the hands of fraudsters, writes Deloitte’s Ryan Hittner.

By Ryan Hittner • Nov. 12, 2024

How Trump’s administration may rework payments policies

The president-elect and his new administration will have the opportunity to revamp federal government approaches for everything from earned wage access to digital currencies to open banking.

By Lynne Marek and Patrick Cooley • 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