News Corp’s new CFO to receive $2.6M one-time equity bonus

Lavanya Chandrashekar, 52, most recently CFO of beverage company Diageo, will replace Susan Panuccio, who has held News Corp’s finance reins since 2017. 

‘Pawternity’ leave: Paid sick leave to care for pets could be on the horizon

New York City’s paid pet leave proposal could open up a larger conversation on employee benefits and flexible workplaces, a law firm partner said.

Fed cuts rate by quarter point, sees ‘balanced’ risks to inflation, jobs

The reduction in borrowing costs comes just two days after Donald Trump won a second term as president, heralding likely economic policy shifts that may fuel inflation.

4 employment actions to expect under a second Trump presidency

Employers are likely to see immigration raids, agency chair replacements and a slowing in regulatory activity, experts at Littler predicted.

Ditching Dr. No: Tips for CFOs navigating AI, tech’s promises, pitfalls

Once relegated to number crunching, modern CFOs typically work with chief information officers to help finance and keep score on tech projects.

Consumers during Trump presidency will view Fed as pro-GOP: NBER paper

During his first term as president, Donald Trump’s criticism of Federal Reserve policy influenced interest rate expectations and financial markets, researchers said in a NBER paper.

CFOs look to curb burnout in face of economic strain: Yooz

Automation can help stressed CFOs curb employee burnout and improve efficiency, but they need to approach its implementation strategically, Yooz CFO John Gronen said.  

ADM reveals more accounting errors, cancels earnings call

The global grain trader’s accounting practices and internal controls have been under scrutiny since January when it revealed an internal probe was underway.

Gauge of future hiring holds steady despite weak October payroll growth

Most components in the Employment Trends Index improved last month, including the share of involuntary part-time workers, the Conference Board said.

ServiceNow CFO eyes AI agents following robust Q3

The SaaS provider is looking to bring AI agents to its customer and IT service segments after reporting $2.7 billion in subscription revenues, driven in part by AI adoption, its CFO said.  

Election 2024: Harris, Trump present ‘diametrically opposed’ impacts on ESG

“A Harris administration would be more favorable for the interests of ESG investors whereas a Trump administration would be antagonistic,” according to Morningstar Indexes’ head of strategy.

IBM’s Apptio unit ‘refines’ AI tool, eyes early 2025 rollout

“Customers are really pushing us to provide better, more actionable answers,” Apptio’s Eugene Khvostov said.

28% of workers fear AI will diminish or replace their role: survey

It’s a stressful time for workers, who also report challenges such as increased burnout and declining mental health, Grant Thornton found.

FASB publishes narrow software accounting revamp proposal

In June the FASB voted 7-0 for the more targeted update, even as some expressed concerns about not going far enough to modernize GAAP rules.

Internal auditors, CFOs should share the AI disruption risk: IIA CEO

As AI further complicates a tricky risk environment, CFOs and internal auditors need to reach a strategic alignment, IIA’s Anthony Pugliese said.

FASB issues new, long-anticipated income statement expense rules

Compliance with the standards update “isn’t going to be cheap” for many firms, but the FASB has taken steps to reduce the cost to preparers, board member Fred Cannon said.

Your D&O coverage is probably inadequate, a broker says

If it is, you’ll want to know that before facing a shareholder lawsuit, Jason Bishara of NSI Insurance Group says.

High-profile wins will likely embolden labor unions in 2025: Moody’s

Although only 6% of the private sector workforce is unionized, organized labor in recent years has won high-profile disputes and scored limited but clear gains.

SEC cyber rules could survive regardless of election outcome, experts say

As the U.S. presidential election looms, cybersecurity remains a bipartisan focus, experts said during a joint CFO Dive and CIO Dive live event.

Main GenAI benefit so far is time saved, finance execs say

Generative AI is saving finance teams a lot of man hours as they ditch manual processes, but translating that into dollar-based ROI terms is tricky, panelists said. 

Kraken cuts staff, appoints co-CEO and CFO

The crypto exchange appointed a new co-CEO and new finance chief, alongside cutting about 400 employees, sources told the New York Times.

Meta CFO: AI poised to drive ‘significant’ capex growth

The tech giant’s stock price fell after its third-quarter earnings report, as the company faces growing Wall Street angst over its ballooning AI expenditures. 

Fed’s preferred inflation gauge speeds up, validating slower easing pace

The faster-paced gain in the core personal consumption expenditures price index coincided with reports of unexpected strength in the economy and household spending.

EY firings highlight multitasking, professional training woes

The online training scandal comes about two years after the Securities and Exchange Commission fined EY $100 million for cheating by its auditors on ethics exams.

23andMe turns to CFOs to fill director roles after mass board exit

Each of the three former finance chiefs will reap $1 million as the flagging business tries to right itself.