Toast CEO: Lessons learned from fee flub

“We learned a lot from this,” Toast CEO Chris Comparato said. “And there’s more questions we’re going to ask ourselves internally when we execute these types of pricing changes or structural changes moving forward.”

By Caitlin Mullen • Aug. 11, 2023

Pot firm says ex-CFO wrongly racked up over $350K in personal charges

Trulieve revealed its investigation's findings as the cannabis industry struggles with high taxes, competition from illegal sellers and falling prices.

By Maura Webber Sadovi • Aug. 10, 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

Tesla CFO walks away with $590M

The former Tesla finance chief is leaving with millions in company stock and options as the EV maker faces stiff industry competition.

By Grace Noto • Aug. 9, 2023

FASB’s ‘complex’ loss accounting change warrants extra time, insurer group says

CECL grew out of a FASB effort to encourage timelier reporting of deteriorated assets after the 2008 financial crisis.

By Maura Webber Sadovi • Aug. 8, 2023

Data, hiring balance key to driving growth: LogicSource CFO

Leveraging unused data can help CFOs gain better insights surrounding efficiency and employee performance, clearing the path to growth even in turbulent economic times.

By Grace Noto • Aug. 8, 2023

Record number of ESG shareholder proposals go to a vote

As of June 30, approval rates for shareholder proposals focused on environmental and social issues fell compared to all of 2022, Diligent Market Intelligence said.

By Jim Tyson • Aug. 4, 2023

M&A slump raises bar for seller CFOs

The mergers and acquisitions boom is long over. The best CFOs are cleaning up their books and arming their CEOs with key data to win offers anyway.

By Chris Gaetano • Aug. 3, 2023

CPA firms facing talent shortage hike starting salaries 14%

Many accounting firms lacking qualified staff have had to turn away work, according to alliantTalent.

By Jim Tyson • Aug. 3, 2023

Uber confirms long-time CFO’s exit

CFO Nelson Chai will depart from the ride-share company next year as Uber continues to focus on profitable growth. It reported its first-ever quarterly GAAP operating profit Tuesday.

By Maura Webber Sadovi • Aug. 2, 2023

SEC’s Munter warns of ‘purported’ crypto audits

The SEC’s chief accountant called out the practice by which some crypto companies pay for less “precise” reviews of their business that they misrepresent to investors as audits.

By Maura Webber Sadovi • July 28, 2023

Walgreens hunts for new CFO with healthcare experience

The pharmacy chain’s controller will take the CFO seat on an interim basis as Walgreens embarks on an aggressive cost-saving plan.

By Grace Noto • July 28, 2023

Hertz interim CFO lands permanent gig

Alexandra Brooks was promoted to the car rental company’s top finance post after being named interim CFO in March and serving as its chief accounting officer since 2020.

By Alexei Alexis • July 27, 2023

Most accounts receivable teams are behind schedule: survey

Fraud and missing information are some of the culprits behind slow invoice payments, Versapay CFO Russell Lester said.

By Chris Gaetano • July 26, 2023

Bath & Body Works picks CVS, Merck alum for CFO

Eva Boratto joins the Columbus, Ohio-based personal products maker — long a familiar storefront inside many retail properties — as it shifts away from malls.

By Maura Webber Sadovi • July 25, 2023

Six ways FedNow may affect businesses’ cash flow

Touted as the biggest upgrade to the U.S. government’s payment system in 50 years, FedNow launched Thursday. CFOs need to get ready for it.

By Suman Bhattacharyya • July 24, 2023

Chevron taps CTO for finance chief

Chevron’s CTO will take its top finance seat in 2024, the company announced Sunday among a series of senior leadership shifts.

By Grace Noto • July 24, 2023

Zaxby’s snaps up Dollar General, Yum Brands alum for CFO

Donny Lau was named finance chief of the Athens, Georgia-based chicken chain which aims to grow well beyond its Southern roots. It has locations in 17 states.

By Maura Webber Sadovi • July 24, 2023

One CFO’s stealth IPO market tests

“Bake-offs” and confidential filings can clue executives in on their company’s prospects well ahead of going public, Clearwater Analytics CFO Jim Cox says.

By Maura Webber Sadovi • July 20, 2023

XPO taps in-house finance leader for CFO seat

The XPO finance chief is leaving for another opportunity after less than a year at the freight transport service.

By Alexei Alexis • July 20, 2023

Cardlytics taps CLEAR alum for finance chief

Alexis DeSieno, a veteran of biometric identification company CLEAR, takes Cardlytics' finance reins as the company grapples with a continuing slump in digital advertising.

By Grace Noto • July 18, 2023

FedEx picks transportation industry veteran for CFO

Just under a month after announcing CFO Michael Lenz was retiring, FedEx appointed air cargo industry veteran John W. Dietrich as its new finance chief. 

By Maura Webber Sadovi • July 18, 2023

SIFMA calls to slow CECL credit-losses project

The current expected credit losses accounting standard was aimed at fostering timelier reporting of deteriorated assets. It’s been controversial.

By Maura Webber Sadovi • July 17, 2023

CFOs warm to outsourcing

Hiring outside firms to fill more specialized roles can help reduce some of the responsibilities that are being heaped on finance chiefs’ shoulders. Outsourcing can also cut costs. 

By Grace Noto • July 17, 2023

Finance function budgets jump 7.5%: study

The majoriy of finance departments studied were about as efficient as a “monster truck,” a Hackett Group researcher said. There are steps companies can take to make them run more like Priuses.

By Maura Webber Sadovi • July 14, 2023

$6.2B accounting flub at Pentagon draws GOP fire

Republicans criticized the Pentagon in the run-up to House passage on Friday of the $866 billion National Defense Authorization Act for fiscal year 2024.

By Jim Tyson • July 14, 2023