Apple backs California climate bill requiring large companies to disclose carbon footprint

Senate Bill 253 would require businesses operating in the Golden State that make over $1 billion to report their greenhouse gas emissions annually.

By Zoya Mirza • Sept. 14, 2023

PwC curbs US offerings, pushes auditor independence

The Big Four firm is curbing its U.S. consulting offerings as concerns over auditor independence continue to swirl.  

By Grace Noto • Sept. 12, 2023

Explore the Trendline➔

Top 5 stories from CFO Dive

The promises and traps of generative AI, revamped modern finance teams and stark geopolitical risks are among the top forces CFOs are grappling with this year.

By CFO Dive staff

Bird Global appoints new CFO in latest C-suite shakeup

The cash-strapped e-scooter company is tapping Joseph Prodan to take its top financial seat as it faces the threat of potential bankruptcy.

By Grace Noto • Sept. 11, 2023

Kroger CFO details $1.4B opioid settlement payout plan

The Cincinnati-based grocer is the latest company to reach a settlement after being accused of playing a part in the opioid crisis.

By Maura Webber Sadovi • Sept. 8, 2023

United Airlines CFO downplays potential Denver HQ move

Losing United would be another blow to Chicago’s economy and commercial real estate market, which saw Boeing and Citadel pull up stakes last year.

By Grace Noto • Sept. 7, 2023

SEC fines Fluor $14.5M for accounting flaws

Fluor last decade failed to deploy the internal controls needed for its use of the percentage of completion accounting method, the SEC said.

By Jim Tyson • Sept. 7, 2023

Nordstrom vet tapped for Honest CFO seat

The finance leadership change comes as the consumer products company struggles with growth and profitability.

By Alexei Alexis • Sept. 6, 2023

FASB finalizes new fair value crypto accounting

Many crypto companies have clamored for the fair value fix, which won't apply to such assets as NFTs.

By Maura Webber Sadovi • Sept. 6, 2023

Paradigm CFO, general counsel to depart in crypto shakeup: reports

The two executives are reportedly departing as the regulatory attention tightens on the cryptocurrency space, with Paradigm chiding the SEC for growing “regulatory ambition.”

By Grace Noto • Sept. 5, 2023

Citigroup’s Mason tops list of highest-paid bank CFOs

Citibank’s Mark Mason netted $15 million in 2022 as the banking industry struggled with geopolitical and economic turmoil that has yet to abate.

By Grace Noto • Sept. 1, 2023

Vanguard joins BlackRock in pouring cold water on ESG proposals

The nation’s two largest asset management firms supported fewer environmental and social proposals in 2023, as companies voted on a record number of ESG proposals.

By Lamar Johnson • Sept. 1, 2023

Salesforce CFO: Boost from AI, price hikes will ‘take a while’

Neither price increases nor investments in artificial intelligence will likely boost the company’s revenue significantly this year, CFO Amy Weaver said.

By Alexei Alexis • Aug. 31, 2023

Focus on achieving predictability, WilliamsMarston exec advises CFOs

The Fed’s efforts to halt inflation leave CFOs dealing with high interest rates — putting cash management practices in the spotlight.

By Grace Noto • Aug. 31, 2023

Flawed accounting surges 150%: Glass Lewis

Company reports during the 2023 proxy season reveal that many newer businesses have had to correct financial statements and upgrade internal controls.

By Jim Tyson • Aug. 30, 2023

Revenue leaders crave automation, data visibility: Zuora

Understanding where one can do more with automation can help CFOs make faster strategic decisions and ease the burdens of stressed accountants, Zuora’s Emily Daigle said.

By Grace Noto • Aug. 29, 2023

4 takeaways from Powell’s Jackson Hole speech

Inflation is down from last year, but the Fed plans to keep on the path of restrictive monetary policy until it's at 2%, the central bank’s chair said.

By Gabrielle Saulsbery • Aug. 25, 2023

Advance Auto names new CEO, interim CFO as profits decline

The leadership changes come as the company launches a “comprehensive operational and strategic review” following a weak quarter.

By Alexei Alexis • Aug. 24, 2023

NVIDIA revenue jumps 88% amid AI ‘race’

The race to adopt generative AI is on — and NVIDIA is determined to be the leader of the pack.

By Grace Noto • Aug. 24, 2023

Nasdaq to delist Republic First for failing to file SEC paperwork

The Philadelphia bank blamed previous leadership for delays in its audit and annual report. The lender has weathered board upheaval and a spike in trading when similarly named First Republic faltered.

By Dan Ennis • Aug. 22, 2023

FASB to revisit accounting priorities

Some critics say the FASB’s guidance does not always yield the kind of financial transparency investors need to analyze fast-changing modern companies.

By Maura Webber Sadovi • Aug. 18, 2023

Bank, ex-CFO settle with SEC over ‘material misstatements’

The former CFO of Malvern Bancorp failed to maintain accurate books and records and implement effective internal controls over financial reporting, the SEC found.

By Alexei Alexis • Aug. 17, 2023

Walmart’s AI push prioritizes customer experience, personalization

"Ultimately, the power of generative AI or any technology is only as good as the data that powers it," CEO Doug McMillon said Thursday.

By Roberto Torres • Aug. 17, 2023

Retail sales rise, riding wage gains, strong job market

Surging borrowing costs and declining pandemic-era savings have not triggered a downturn in retail spending.

By Jim Tyson • Aug. 15, 2023

Bankruptcy ‘burn rates’ drive some firms to file Chapter 7s: ABI’s Ward

Professional fees racked up in Chapter 11 bankruptcies can range from a few hundred thousand dollars to the tens of millions, Chris Ward, president-elect of the American Bankruptcy Institute, said. 

By Maura Webber Sadovi • Aug. 15, 2023

Daimler Truck CFO died of wasp sting: reports

The company’s chairman and CEO will temporarily assume CFO duties while Daimler searches for a successor to former finance chief Jochen Goetz.

By Grace Noto • Aug. 14, 2023