Leadership: Page 24
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Tech layoffs impact nearly 100,000 workers so far in 2024
Microsoft, Google, Apple, Tesla and TikTok owner ByteDance are among more than 300 tech companies that have announced job cuts since January.
By Alexei Alexis • June 18, 2024 -
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EY’s $1B pledge targets 10% raise in starting CPA-track pay
The Big Four firm’s new initiative is tackling one of the most cited causes of the shrinking accounting talent pipeline: comparatively low starting salaries.
By Maura Webber Sadovi • June 17, 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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McDonald’s ends automated drive-thru pilot
The fast food chain still sees a future for automated order taking at the drive-thru and expects to make a decision about the tech by year’s end.
By Aneurin Canham-Clyne • June 17, 2024 -
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Sponsored by OneStreamThe role of finance is shifting. Here’s what it means for you.
As finance evolves, leaders must embrace growth and modernize operations. Here’s how CFOs can lead the charge.
By Pam McIntyre, SVP and Corporate Controller, OneStream • June 17, 2024 -
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28% of big companies have no formal CFO succession plan, finance chiefs say
The dearth of succession plans for departing finance chiefs comes as CFO turnover at public companies has soared this year.
By Maura Webber Sadovi • June 14, 2024 -
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In-house counsel compensation rose 4%, in line with inflation
Median compensation for in-house counsel rose modestly this year as the incidence of signing bonuses declined.
By Justin Bachman • June 14, 2024 -
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In interim CFO pick, Tyson draws on established finance creds
The beleaguered chicken processor is leaning on a company veteran with nearly two decades of finance experience as interim CFO following John R. Tyson’s suspension.
By Grace Noto • June 14, 2024 -
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Microsoft president promises significant culture changes geared towards security
Brad Smith detailed plans to tie compensation to security, as lawmakers raised new questions about the company’s commitment to transparency.
By David Jones • June 14, 2024 -
CFO Editorial Staff
Tyson Foods CFO suspended after arrest for intoxicated driving
This is the second alcohol-related incident for John R. Tyson since he took the executive role less than two years ago.
By Nathan Owens • June 13, 2024 -
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40% of executives brace for ‘major’ reorganization, including layoffs: PwC
Companies are reorganizing to fight margin pressure and planning moves that might require wide-ranging operating model changes, executives said.
By Suman Bhattacharyya • June 12, 2024 -
Courtesy of PCAOB
PCAOB Chair Erica Williams gets second term
The board has pursued an aggressive agenda under Williams, with record fines against accounting firms.
By Alexei Alexis • June 12, 2024 -
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Fed trims 2024 rate forecast to one cut, holds borrowing costs steady
The Fed decision followed a report that inflation last month rose less than economists predicted and at the slowest pace since 2021.
By Jim Tyson • June 12, 2024 -
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Wells, PNC CFOs see office spaces leading CRE stress
“Older office buildings that are not renovated in certain areas of different cities are the places that you’re seeing the most stress,” Wells Fargo CFO Mike Santomassimo said Tuesday.
By Caitlin Mullen • June 12, 2024 -
Courtesy of JLL
Office fit-out cost growth downshifts to 2.7%: JLL
While U.S. and Canadian workers are typically in the office just 3.1 days a week, employers are still spending more when building new space.
By Maura Webber Sadovi • June 11, 2024 -
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IBM’s Apptio unit tests AI tool trained to tackle rising IT costs
The effort comes as many finance leaders are grappling with out-of-control cloud expenses.
By Alexei Alexis • June 11, 2024 -
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OpenAI appoints Nextdoor, Square alum as CFO
Sarah Friar brings a resume packed with both Silicon Valley and investment banking experience to her new role at the artificial intelligence firm.
By Maura Webber Sadovi • June 10, 2024 -
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Four takeaways from the CFO Leadership Council’s confab
Generative AI, labor challenges, and cybersecurity worries were some of the top issues on finance chiefs' minds during the two-day conference.
By Grace Noto • June 10, 2024 -
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Alphabet hands new CFO $9.9M sign-on bonus
The incoming finance chief — Eli Lilly veteran Anat Ashkenazi — was granted the bonus in light of “her prior company’s forfeited compensation,” Alphabet said.
By Alexei Alexis • June 10, 2024 -
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Quiet vacationing: What’s this summer work trend?
The workers who are afraid of taking PTO have come up with a complicated solution to their anxieties.
By Caroline Colvin • June 7, 2024 -
Justin Sullivan via Getty Images
How big retailers are battling the last-mile delivery squeeze
Walmart, Target and Kroger executives pointed to price and technology improvements that they are using to offset cost pressures.
By Suman Bhattacharyya • June 7, 2024 -
Courtesy of Chemours
Chemours appoints new CFO after accounting probe
The appointment comes after the chemical company discovered that three of its top executives, including its then-CFO, engaged in unethical financial practices.
By Alexei Alexis • June 6, 2024 -
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Sierra Club, NRDC drop legal challenges to SEC climate rule
The two environmental groups have decided to focus resources elsewhere to improve climate-related financial disclosures.
By Lamar Johnson • June 6, 2024 -
Courtesy of Toast Inc
Toast CFO aims to build ‘enduring’ company on path to profitability
Three years after Toast went public, thinking strategically about building a team for the future was one of her most important early priorities, said CFO Elena Gomez.
By Grace Noto • June 6, 2024 -
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Alphabet taps Eli Lilly veteran to replace longest-running CFO
Anat Ashkenazi will succeed Ruth Porat, a powerful Silicon Valley leader who took the tech giant’s finance reins in May 2015.
By Alexei Alexis • June 5, 2024 -
Courtesy of Consortium of Cybersecurity Clinics
Few CFOs control cybersecurity budgets. Here’s why more should.
Tech executives, not CFOs, most often call the shots on cybersecurity spending at middle market companies, according to a recent RSM US survey.
By Maura Webber Sadovi • June 4, 2024
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