ESG reporting muddled by jumble of standards: IFAC

The SEC plans before May to release a final climate risk disclosure rule aimed at achieving uniform corporate reporting and combating “greenwashing.”

By Jim Tyson • March 6, 2023

Software firm Ramp closes $5M seed round

The funding will help with hiring additional staff and onboarding new clients, the company’s CEO told CFO Dive.

By Alexei Alexis • March 6, 2023

Explore the Trendline➔

CFO best practices in the evolving generative AI era

As the initial frenzy around the launch of generative artificial intelligence subsides, a new GenAI era appears to be taking shape.

By CFO Dive staff

Pay plan rejections hit record high

Last year the rejections of Russell 3000 Index companies’ pay packages hit the highest annual level since the non-binding say-on-pay votes became mandatory in 2011.

By Maura Webber Sadovi • March 3, 2023

FASB studies AI use in financial data analysis

The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.

By Jim Tyson • March 3, 2023

Doth Buffett protest GAAP too much?

Warren Buffett — CEO of Berkshire Hathaway and one of the world’s most renowned investors — didn’t disappoint fans of his folksy, acerbic writing in his latest shareholder letter. 

By Maura Webber Sadovi • March 1, 2023

IRS Commissioner-nominee pledges to uncover corporate taxes owed

Billions of dollars in new funding for the IRS will not go toward increasing the audit rate for businesses and taxpayers that make less than $400,000 per year, Daniel Werfel said.

By Jim Tyson • March 1, 2023

Target, Dollar Tree prepare for weaker consumer spending

Retailers are approaching 2023 with caution as consumers pull back on discretionary spending and as supply chain and labor costs continue to tick upwards.

By Grace Noto • March 1, 2023

Zoom predicts growth while watching macro headwinds

Economic uncertainty remains a risk for the company “at least through the rest of this year,” its CFO said.

By Alexei Alexis • Feb. 28, 2023

Strong relationships can aid CFOs in building C-suite cohesion

Executive leaders are losing faith in their leadership teams, but fostering strong, individual relationships between their peers could help CFOs get the C-suite on on track.

By Grace Noto • Feb. 28, 2023

Capricorn Energy slots in interim CFO

The British oil and gas producer tapped its director of finance as acting CFO. Its board also commenced a “strategic review” of the company’s assets, cost base and future business strategy.

By Grace Noto • Feb. 27, 2023

Avoiding operational lag in hiring plans

Midsize businesses are still looking to grow headcount despite macroeconomic challenges, but in order to do so effectively, they need to have a thorough headcount management plan in place, according to TeamOhana’s CEO.

By Elizabeth Flood • Feb. 27, 2023

CFOs scramble to keep pace with finance tech frenzy

Artificial intelligence, machine learning, and language processing are among cutting-edge technologies that could transform the corporate finance world in the near future.

By Alexei Alexis • Feb. 27, 2023

Beyond Meat’s lean inventory is key, CFO says

The California company is one of a growing number of firms pivoting to cut costs through layoffs, real estate consolidation and other measures.

By Maura Webber Sadovi • Feb. 24, 2023

FarFetch CFO to exit in 2023

The London-based luxury fashion retailer is hunting for a successor as CFO Elliot Jordan is poised to depart after eight years.

By Elizabeth Flood • Feb. 24, 2023

Standard-setters consider softer start to climate risk disclosure

A backlash against proposals to require detailed corporate reporting on climate risk may compel more gradual application of the rules.

By Jim Tyson • Feb. 24, 2023

Block boosts CFO Ahuja’s responsibilities

Pledging to be more efficient with a revamp of the company’s leadership structure, Block has combined the CFO and COO roles under Amrita Ahuja.

By Caitlin Mullen • Feb. 24, 2023

‘Macro drivers’ blamed as Overstock.com revenues plummet

The Salt Lake City, Utah-based home furnishings seller’s CEO said factors such as inflation contributed to its fourth quarter loss.

By Alexei Alexis • Feb. 22, 2023

Large companies hide behind net zero ‘fig leaf’: report

Many of the world’s biggest companies are exaggerating their efforts to reduce carbon emissions, according to the Corporate Climate Responsibility Monitor.

By Jim Tyson • Feb. 21, 2023

Home Depot CFO expects flat consumer spending, sales

The home goods and improvement company is committed to a $1 billion investment in compensation for its frontline workers, CFO John McPhail said, even as it forecasts flat 2023 sales.

By Grace Noto • Feb. 21, 2023

Hasbro profits take hit amid ‘challenging’ climate

The company’s disappointing fourth-quarter revenues highlight the ongoing risks that inflation poses to the bottom lines of many U.S. companies.

By Alexei Alexis • Feb. 17, 2023

DoorDash shuffles CFO to COO

DoorDash said it will move its current CFO to its COO position and swap in its vice president of finance and strategy for the top financial seat.  

By Grace Noto • Feb. 17, 2023

Airbus names new CFO after 5-month search

The current CFO is set to depart on March 3, leaving a senior executive to fill in until the new finance chief arrives in the fall, the company said.

By Alexei Alexis • Feb. 16, 2023

Inflation tops concerns weighing on CFOs

Amid economic uncertainty, financial forecast accuracy, liquidity, cash flow, and capital structure will be among top priorities for CFOs this year, according to a study.

By Alexei Alexis • Feb. 15, 2023

Nominee to lead IRS commits to narrowing ‘tax gap’

Daniel Werfel, tapped by President Biden to lead the IRS, faced Republican criticism of $80 billion in extra funding for the agency during a confirmation hearing.

By Jim Tyson • Feb. 15, 2023

Marriott CFO says wage pressures have moderated

As pandemic restrictions loosened and travel resumed, many lodging companies have struggled to staff hotels, with some cutting back housekeeping.

By Maura Webber Sadovi • Feb. 14, 2023