Leadership: Page 22
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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.
By David Jones • July 19, 2024 -
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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.
By Grace Noto • July 18, 2024 -
Explore the Trendline➔
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TrendlineCFO best practices: lessons from the trenches
Leaders share operational and strategic learnings from their years in the top finance seat.
By CFO Dive staff -
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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.
By Lynne Marek • July 18, 2024 -
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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.
By Alexei Alexis • July 17, 2024 -
Courtesy HSBC
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.
By Dan Ennis • July 17, 2024 -
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SEC rule jumpstarts Corpay CAO’s ESG push
The climate-risk disclosure rule’s March passage helped push the payments player to double down on its ESG reporting strategy, Chief Accounting Officer Alissa Vickery said.
By Maura Webber Sadovi • July 16, 2024 -
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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.
By Alexei Alexis • July 16, 2024 -
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Latest AT&T data breach risks customer defections: Moody’s
The incident comes as AT&T is already facing a number of class action suits stemming from a separate breach that was disclosed in March.
By Alexei Alexis • July 16, 2024 -
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5 takeaways on costs, challenges of climate disclosure compliance
Complacency regarding the SEC’s now-stayed rules could leave companies “scrambling to try to get ready” once they are put in place, PwC’s Marc Siegel said.
By Maura Webber Sadovi • July 15, 2024 -
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Q&AAR player Versapay plunges ahead with new C-suite team
The business-to-business accounts receivable player is weighing its strategic options and eyeing opportunities in the office of the CFO.
By Lynne Marek • July 15, 2024 -
Permission granted by Planful
Sponsored by Planful3 reasons why it’s time to get on board with AI for growth
Start thinking of AI as an offensive advantage instead of a defensive backstop.
By Grant Halloran, Planful CEO • July 15, 2024 -
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Banks should proactively combat instant payments fraud: BNY
Use of data-sharing protocols among banks could warn customers before they send money, said Carl Slabicki, a BNY executive.
By Suman Bhattcharyya • July 12, 2024 -
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Casual dress codes, informal etiquette may help recruiting and retention, survey indicates
Employers may want to be more lenient with attire, cellphones and communication, but such shifts also may confuse employees if expectations aren't clear.
By Carolyn Crist • July 12, 2024 -
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Former tech CFO sanctioned in UK over fraud after US jail sentence
The ex-finance chief of software vendor Autonomy is banned from working as an accountant in the U.K. until November 2038.
By Alexei Alexis • July 11, 2024 -
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GenAI spending frenzy shifts as revenue emerges as top ROI priority
Revenue generation has overtaken productivity as C-suite leaders’ primary return-on-investment metric for generative AI spending, KPMG found.
By Alexei Alexis • July 11, 2024 -
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Yooz: Closing the finance strategy perception gap
To drive strategic transformation, CFOs need to connect with their finance teams to figure out what’s holding them back, Yooz’s John Gronen said.
By Grace Noto • July 11, 2024 -
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Newly-appointed UPS CFO faces shipping, cost quandary
Brian Dykes faces the tough challenge of boosting shipping volumes without subsequently increasing costs, West Monroe’s Jeremy Tancredi said.
By Grace Noto • July 10, 2024 -
Courtesy of ADM
ADM hires 3M CFO, signaling push for fresh start after accounting woes
The grain trading giant’s financial reporting practices have been in the spotlight since January when it revealed an internal probe was underway.
By Maura Webber Sadovi • July 10, 2024 -
Courtesy of Chipotle
Chipotle CFO Jack Hartung to retire after two decades at chain
Adam Rymer, the company’s current vice president of finance, will become CFO in January.
By Julie Littman • July 10, 2024 -
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Naked Wines replaces SVB credit facility as CFO exits
The subscription-based retailer’s $60 million new credit facility with PNC Bank will be secured by its global wine assets.
By Maura Webber Sadovi • July 9, 2024 -
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Boeing would become a felon under DOJ plea deal
The aerospace and defense giant would plead guilty to one criminal count, pay a $244 million fine and operate under an oversight monitor for three years.
By Justin Bachman • July 9, 2024 -
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Aligning finance, operations key for best tech practices: LogicSource
To find the right technology solution, finance and operations first need to be aligned on the problem, LogicSource’s Jo Seed says.
By Grace Noto • July 9, 2024 -
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OpinionHow CFOs can leverage AI in spend management
AI can sift through tons of data in seconds, streamlining tax calculations in the employee expense process, among other benefits, writes SAP Concur’s Chris Juneau.
By Chris Juneau • July 9, 2024 -
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Crypto theft doubles to $1.38B
The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.
By Alexei Alexis • July 8, 2024 -
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How CFOs can survive a takeover
CFOs need to make sure they have a road map for handing the company over to the buyer, West Monroe’s Connor Augustyn said.
By Maura Webber Sadovi • July 8, 2024
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