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

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

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

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

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

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

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

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

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

AR 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

3 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

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

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

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

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

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

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

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

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

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

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

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

How 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

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

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

Serta brings in ElectroLux alum as finance chief after latest CEO swap

GE alum Cesar Perez will take the mattress manufacturer’s financial reins only a few days after its newly-appointed CEO, Jim Loree, stepped into his role as of July 1.  

By Grace Noto • July 8, 2024