Leadership: Page 39
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Bed Bath & Beyond files to raise $300M in market
In spite of the struggling retailer’s creative efforts to raise capital, Morningstar analysts wrote Thursday that they still expect the firm to eventually declare bankruptcy.
By Maura Webber Sadovi • March 30, 2023 -
Finance staff digital skills outstrip leadership: study
As AI and automation continue to advance, the digital skills of finance staffs are outstripping those of senior executives — leading to challenges managing and engaging skilled talent.
By Grace Noto • March 30, 2023 -
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 -
GPT-4 draws more heat as AI advocates file FTC complaint against OpenAI
An AI advocacy group’s complaint arrived the same week FTC Chair Lina Khan said AI was top of mind for the agency while speaking at an antitrust summit.
By Lindsey Wilkinson • March 30, 2023 -
Ex-CFO convicted of tax evasion, hiding offshore accounts
The ex-CFO of a Russian natural gas company was found guilty of concealing his ownership of more than $93 million in offshore assets and failing to file and pay income taxes for several years.
By Alexei Alexis • March 29, 2023 -
Deep Dive
Women CFOs: Raising their hands
From promotions amid pregnancies, fake engagement rings and surprise opportunities, these women leaders have faced highs and lows on their way to finance leadership.
By Elizabeth Flood • March 29, 2023 -
Alibaba to split into six groups, chases IPOs
The Chinese e-commerce giant will split into six separate groups in a move that follows declining tech valuations and a regulatory crackdown on the country’s tech sector.
By Grace Noto • March 29, 2023 -
CFO churn persists with FleetCor, Corcentric
Payments companies FleetCor and Corcentric are the latest to name new CFOs as churn in the industry continues.
By Elizabeth Flood • March 29, 2023 -
Experts warn against ransomware complacency
Despite reports of fewer ransomware-related cyber insurance claims and decelerating premiums in 2022, experts say the threat is still serious and evolving.
By Alexei Alexis • March 28, 2023 -
Embattled EV maker Nikola promotes insider to CFO
The EV maker’s CFO is stepping down following managerial turmoil in recent years.
By Elizabeth Flood • March 28, 2023 -
Q&A
Bank failures could cause SMB credit crunch
“The current banking crisis could directly lead to a small business crisis if they are not able to quickly access the capital they need to sustain and expand their operations,” Biz2Credit’s CEO said.
By Anna Hrushka • March 28, 2023 -
Datarails aims for ‘grounded’ ChatGPT-like FP&A tool
The tech company’s goal is to provide CFOs with a tool in the style of the popular ChatGPT service, but without some of the same accuracy and data privacy challenges.
By Alexei Alexis • March 28, 2023 -
Hertz CAO takes interim CFO seat
Hertz’s CAO will assume interim financial leadership as the company looks to take advantage of recovering travel and boost its technology investments.
By Grace Noto • March 27, 2023 -
Talent shortage frustrates internal auditors
As AI swiftly extends the finance function’s potential for efficiency, audit leaders are concerned about the lack of skilled workers to support new advancements.
By Elizabeth Flood • March 27, 2023 -
Ally Financial taps Goldman vet for CFO seat
Ally’s current finance chief, who has been serving on an interim basis since October, will return to his full-time role as corporate treasurer once the newly-appointed CFO arrives in July, the company said.
By Alexei Alexis • March 24, 2023 -
CFOs key to shaping digitization efforts: study
With technology teams overloaded, the discerning CFO’s hand is crucial to shaping company digitization efforts.
By Grace Noto • March 24, 2023 -
Hindsight 2020: An unlikely road to Snowflake’s CFO seat
From a travel excursion to Italy to uncovering massive fraud, Mike Scarpelli had his fair share of challenges on his way to the CFO seat.
By Elizabeth Flood • March 23, 2023 -
Diversity of thought sharpens finance strategies, TS Imagine CFO says
Women need to be the ‘yardstick for excellence’ and advocate for themselves as they look to take leadership positions, TS Imagine CFO Kate Peachway says.
By Grace Noto • March 23, 2023 -
ESG poised to gain traction as CFO priority: Gartner
Many organizations are shifting away from a purely “risk management” approach to ESG and are viewing it as a way to attract customers, investors and talent — a trend that will only increase in coming years, according to Gartner.
By Alexei Alexis • March 23, 2023 -
NFL poaches NBC Sports CFO
Christine Dorfler is departing from her 20-year tenure at NBCUniversal to fill the CFO shoes of an NFL C-suite veteran.
By Elizabeth Flood • March 22, 2023 -
Fed hikes main rate by quarter-point, notes ‘resilient’ banking system
The central bank tightened borrowing costs despite banking instability as inflation persists well above its 2% target.
By Jim Tyson • March 22, 2023 -
Papa Johns CFO resigns
Ann Gugino, who has been at the pizza chain since 2020, is leaving effective May 31. Papa Johns has begun a search for a permanent CFO.
By Julie Littman • March 22, 2023 -
Accountants head overseas for talent
The lure of sexier jobs in the tech sector has cut into the number of U.S. students pursuing accounting careers. Looking abroad for talent may be the next best move.
By Elizabeth Flood • March 21, 2023 -
Lessons from SEC’s $3M Blackbaud cyber penalty
The Charleston, South Carolina-based software provider’s recent data breach settlement with the SEC serves as a cautionary tale for C-suite leaders.
By Alexei Alexis • March 21, 2023 -
Accountant shortages likely to yield more audit failures
The shortage of workers with the core accounting skills needed to staff audits is making audit failures more likely, Hofstra University’s Jack Castonguay says.
By Maura Webber Sadovi • March 20, 2023 -
Defunct Katerra sues former CFO for bonus
The failed Softbank-backed startup is alleging its former CFO is obligated to pay back his signing and relocation bonuses amid intensifying scrutiny of executive compensation.
By Grace Noto • March 20, 2023