The Latest
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FedEx CFO to leave in June
FedEx’s Claude Russ will step in as interim CFO while the company completes its spinoff of FedEx Freight, which is poised for strong revenue and profit growth, leaders said.
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Wholesale prices rise less than expected, showing slight impact from war
The ability of the U.S. to meet most of its energy needs buffers it against the worst of the current oil shock.
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CFOs embrace LinkedIn amid shift to more public-facing role
ServiceNow’s Gina Mastantuono and PayPal’s Jamie Miller are among finance chiefs using LinkedIn to take their message beyond the quarterly earnings call.
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Economy likely faces just temporary setback from Iran war: survey
The majority of survey respondents anticipate “the oil-price shock to be short-lived, with 59% expecting no or only a minor pass-through into core inflation,” according to Wolters Kluwer.
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Maryland passes CPA bill with October effective date
Since early last year about 39 states have passed laws or changed rules to ease the educational requirements for becoming a certified public accountant.
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Commvault ex-CFO returns to top finance seat after two-year gap
Gary Merrill will bring a “customer-centric” view to his second stint as Commvault’s CFO, after serving as its chief commercial officer for two years, the company said.
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OpinionCFOs face expanded mandate, pressures in a volatile 2026: Deloitte
Finance chiefs will need to lean further into AI and strategic leadership as uncertainty persists, according to Deloitte’s Steve Gallucci and Ed Hardy.
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TrackerTracking CPA licensure paths: Removing the 150-hour-rule hurdle
State changes to licensing rules are chipping away at a decades-old system that has largely required CPA candidates to complete what effectively amounts to a fifth year of schooling.
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Courtesy of University of Connecticut
Q&AUConn’s incoming CFO talks higher ed mission, March Madness bump
Anthony Rini will take the financial reins of the University of Connecticut later this month.
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CFOs flag as much as 30% of cloud spending as wasteful
Most surveyed CFOs said their organizations’ cloud spending is rising, while two-thirds reported oversight of those costs has reached the board level.
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Inflation surges most since 2022 as consumer sentiment hits record low
Concern about inflationary harm from the Iran war flared across all demographic groups — by age, income and political affiliation.
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xAI CFO departs, The Information reports
Morgan Stanley alum Anthony Armstrong reportedly left the SpaceX-owned subsidiary as the Musk-owned rocket-maker preps for an IPO which could value it in the trillions.
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British American Tobacco brings back company alum for CFO
The global tobacco company hires a new finance chief as it tries to boost sales of its “smokeless” products.
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Caterpillar insider to succeed retiring CFO
Andrew Bonfield, who has been the construction equipment maker’s finance chief for eight years, will serve in an advisory role through Oct. 1.
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Fintech firm Adyen targets CFOs’ treasury fragmentation problem
Financial operations at global enterprises remain “stubbornly complex,” as treasury teams juggle multiple banking and payment systems, the company said.
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Consumer spending inches up, reflecting gloomy inflation sentiments
Economists have voiced concern that a surge in energy prices since the start of the Iran war will fuel inflation and slow household outlays.
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SEC taps Gibson Dunn partner, former agency official to lead enforcement
The newly appointed enforcement director in 2023 criticized the approach to securities law by former SEC Chair Gary Gensler as “brash” and “regulation by enforcement.”
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Faire CFO sees board construction, evolution as key to growth
Jason Lee wants Faire’s board to be actively engaged and to share “sharp perspectives” that can help push management to achieve its strategic goals, he said.
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Courtesy of U.S. Attorney's Office, Southern District of New York
Super Micro launches new probe after co-founder’s indictment
The San Jose, California-based AI server maker, which was not named as a defendant in the indictment, has set no time-table for its independent investigation.
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Levi Strauss finance chief set to retire with $3M severance
Harmit Singh will remain at the finance helm until a successor is appointed, then serve as a special adviser through Nov. 30, the company said.
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Consumer inflation expectations jump amid Iran war price pressure
Energy prices rose Tuesday as President Donald Trump threatened to eliminate Iranian civilization if Tehran fails to open the Strait of Hormuz and meet other demands.
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How Wayfair alum Michael Fleisher crafts an ‘engaged’ board approach
Michael Fleisher will bring his lived experience at companies like Wayfair and Gartner to bear in joining his latest board as audit chair for wholesale retail platform Faire.
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FASB to monitor thorny data center trends
The new research project comes as disclosures and accounting treatment related to the way big tech companies are financing data center projects is drawing scrutiny.
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OpenAI urges tax policy rethink as AI heralds new economic era
The company floated a range of ideas, including levies on automated labor, to address growing concerns about the economic and societal impacts of AI.
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OneStream closes $6.4B go-private deal with Hg
The delisting comes less than two years after the office of the CFO software provider was taken public by investment firm KKR.
