Visa spends ‘billions’ battling cybersecurity threats

“We are all in an arms race to protect this ecosystem, to protect the network,” Visa CEO Ryan McInerney said at an investor conference last week.

By Lynne Marek • March 11, 2024

Costco’s retiring CFO calls inflation ‘essentially flat’

The flat metric seen in Costco’s latest quarter is a marked change. CFO Richard Galanti noted inflation soared as high as 9% a couple years ago.

By Maura Webber Sadovi • March 8, 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

Regional bank execs push back on CRE risk fears

Regional banks are working to manage exposure to the office sector, but executives say they will skirt a regional banking crisis.

By Suman Bhattacharyya • March 8, 2024

Funko CFO to step down as toymaker preps for ‘softer’ content schedule

Steve Nave is departing after largely executing his financial and operational goals. The CFO's resignation comes as Funko continues to brace for economic headwinds.

By Grace Noto • March 8, 2024

SEC approves final climate disclosure rule, starts compliance countdown

The rule passed by a 3-2 vote Wednesday morning, absent requirements for scope 3 reporting and slimmer scope 1 and scope 2 requirements.

By Lamar Johnson • March 7, 2024

Chemours says CEO, CFO violated ethics code

The executives engaged in financial practices that triggered an anonymous report to the Chemours ethics hotline, the company said.

By Alexei Alexis • March 7, 2024

Costco CFO ‘voice’ looks back on 40 years, $1.50 hot dogs and leadership

Richard Galanti thought he might stay four years at what was then a retail startup. Costco’s CFO stayed about four decades.

By Maura Webber Sadovi • March 7, 2024

GE finance veteran to join United Natural Foods

The food distributor announced that its sitting CFO will soon leave the company as it struggles with weak sales.

By Alexei Alexis • March 6, 2024

Pillar 2 tax heightens CFO need for quality data

In 2021 more than 130 countries agreed to implement Pillar 2, which seeks to set a global minimum effective tax rate of 15% for certain multinational enterprises.

By Grace Noto • March 6, 2024

SEC drops scope 3 from final climate rule

The agency said scope 3 was removed due to a large number of comments concerning compliance costs, as well as the consistency and reliability of scope 3 data.

By Lamar Johnson • March 6, 2024

Former Twitter CEO, CFO sue Musk for $128M in unpaid severance

Elon Musk vowed a “lifetime of revenge” against former Twitter leadership following the stormy lead-up to his takeover of the floundering social media site.

By Grace Noto • March 5, 2024

Legacy tech stymies cost-cutting innovations

Most companies fell short of their cost-reduction targets last year, with half citing challenges related to legacy tech as a top barrier, Deloitte found.

By Alexei Alexis • March 5, 2024

Tech startup Slice raises $7M for equity compensation platform

The funding will help the startup to further develop the platform while expanding its geographic reach, according to CEO Maor Levran.

By Alexei Alexis • March 5, 2024

Legal woes continue for OpenAI as Elon Musk sues over contract breach

OpenAI eschewed its nonprofit status to become a de facto Microsoft subsidiary, the Tesla CEO alleged in a Thursday filing before the Superior Court of California.

By Roberto Torres • March 1, 2024

Yelp exec jumps to AI realm, takes Xometry’s CFO chair

Yelp’s James Miln is joining the manufacturing marketplace provider as a spotlight continues to shine on AI-powered services and offerings.

By Grace Noto • March 1, 2024

ADM expects to report ‘material’ internal control weakness

A Friday filing shed light on the scope of an internal probe into the commodity giant’s accounting practices but was silent on its CFO’s status.

By Maura Webber Sadovi • March 1, 2024

Clearing the tax ‘data swamp’: Thomson Reuters

To keep pace with emerging tax requirements, organizations need to change their processes as well as their technologies, Thomson Reuters’ Ray Grove said.  

By Grace Noto • Feb. 29, 2024

Chemours probes ‘tone at the top,’ puts CEO, CFO on leave

The chemicals company said it is evaluating “potential material weaknesses” in its internal control over financial reporting. Its shares plunged 35% Thursday.  

By Maura Webber Sadovi • Feb. 29, 2024

Microsoft rolls out Copilot AI tool to finance teams

The move is part of Microsoft’s effort to layer AI across its enterprise offerings, with the ambitious goal of impacting every role in the workplace.

By Alexei Alexis • Feb. 29, 2024

Few link 150 credit hours to more prepared accounting graduates

Less than 10% of NJCPA members surveyed reported seeing accounting graduates with an extra 30 hours of college credit as “noticeably” better prepared.

By Maura Webber Sadovi • Feb. 28, 2024

Judge denies former View CFO motion to dismiss SEC complaint

The SEC had “adequately alleged facts” which allowed the court to reasonably infer negligence on the part of the ex-CFO, the judge said.

By Grace Noto • Feb. 28, 2024

Fed official makes a case for the dollar’s hegemony

Can the dollar’s reign as the world’s reserve currency persist? This Fed official makes a strong case, but digital doubts may remain.

By Lynne Marek • Feb. 28, 2024

Wells Fargo CFO calls commercial real estate a ‘long movie’

The office market is under the most pressure, the bank’s finance chief Michael Santomassimo said on Monday.

By Maura Webber Sadovi • Feb. 27, 2024

Orsted taps new CFO, COO in turnaround bid

The troubled offshore energy developer appointed new financial and operational leadership as it looks to get back on course following a turbulent 2023.

By Grace Noto • Feb. 27, 2024

SaaS license waste tops IT spend challenges

Hasty software purchasing during the pandemic led to bloated tech stacks that are now ripe for trimming.  

By Alexei Alexis • Feb. 27, 2024