Saab deputy finance chief moves to CFO chair

The CFO swap comes as the defense material provider is looking to continue a two-year hot streak, targeting organic sales growth between 15%-20% for 2024.

By Grace Noto • June 18, 2024

Startup focused on AI-driven cyber threats raises $18M

The announcement comes as artificial intelligence adoption explodes and enterprises grapple with related risks.

By Alexei Alexis • June 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

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

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

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

The 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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