Brink’s taps Eaton, PwC veteran as CFO

The Brink's Company, know for its iconic trucks that transport cash, has tapped a new CFO as its long-time finance chief prepares to retire. 

By Elizabeth Flood • Aug. 10, 2022

IFF CFO sees ‘meaningful’ cost increases next year

International Flavors & Fragrances CFO said the ingredient maker is rethinking contracts as part of its effort to combat inflation. 

By Maura Webber Sadovi • Aug. 9, 2022

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

AMC Networks promotes CFO to CEO, names new finance chief

Patrick O’Connell is joining AMC as CFO while the current finance chief moves up the ladder.

By Elizabeth Flood • Aug. 9, 2022

Tanger REIT continues CFO hunt, highlights ESG

Two months after announcing the abrupt departure of James Williams, Tanger REIT is continuing its CFO search. 

By Grace Noto • Aug. 9, 2022

Companies reporting weak earnings go unpunished

Several CFOs have announced disappointing second-quarter earnings while not triggering a decline in their company’s share price, FactSet said.

By Jim Tyson • Aug. 8, 2022

Plummeting tech valuations lead to record $23B SoftBank loss

The slump in global technology stocks, rising inflation and a weaker yen led Japanese bank SoftBank to report a record $23 billion loss.

By Grace Noto • Aug. 8, 2022

Bankrupt Celsius pulls bid to hire ex-CFO

Cryptocurrency firm Celsius pulls motion to tap its former CFO as a bankruptcy advisor following legal objections filed from investors.

By Grace Noto • Aug. 8, 2022

Just 9% of finance departments have primary ESG oversight: survey

Evidence of loose internal controls related to environmental, social and governance (ESG) data comes as the potential cost of companies getting ESG reporting wrong are rising. 

By Maura Webber Sadovi • Aug. 5, 2022

WeWork plans to raise rates in stronger markets

CFOs are wrestling with how much to spend on office real estate as the shift to hybrid work has accelerated.  

By Maura Webber Sadovi • Aug. 4, 2022

SEC should require global tax disclosure: transparency group

Spotty public disclosure by U.S. companies on foreign tax risk may erode investor confidence and increase the odds of financial market instability, according to the FACT Coalition.

By Jim Tyson • Aug. 4, 2022

Bankrupt Celsius, investors clash over former CFO advisory role, allege double dipping

Investors are taking steps to block Celsius from tapping former CFO Rod Bolger as a bankruptcy advisor, a bid that comes with a costly $92,000 monthly price tag for the insolvent company.

By Grace Noto • Aug. 4, 2022

PayPal hands new CFO $6M cash hiring bonus

The PayPal CFO's new-hire bonus comes as some companies are using more cash-rich compensation packages to land finance chiefs.

By Maura Webber Sadovi • Aug. 3, 2022

Inflation brings new drivers to Uber in cash flow positive quarter

Inflation is nudging new drivers and couriers to Uber as the company posts record driver base figures and its first cash flow positive quarter.

By Grace Noto • Aug. 2, 2022

PCAOB, SEC double down on full access to audits in China

The Public Company Accounting Oversight Board (PCAOB) doesn’t have the authority to remove foreign companies from U.S. exchanges but a 2020 law gives the Securities and Exchange Commission authority to do that if the PCAOB isn’t getting cooperation.

By Maura Webber Sadovi • Aug. 2, 2022

CFOs look for consistency, transparency in emerging sustainability requirements

CFOs globally are asking for added transparency and more consistency as regulatory bodies gear up to publish sustainability reporting standards later this year.

By Grace Noto • Aug. 1, 2022

U.S. economy faces recession question as inflationary pressures continue

Ongoing pressures are raising the question of whether the U.S. is inching toward a recession. That threat is emerging amid conflicting economic indicators.

By Grace Noto • July 29, 2022

Steady capex buoys JPMorgan economist’s recession-free outlook

While businesses are cautious, second quarter capex levels suggest they don’t appear to be bracing for a broader contraction, according to JPMorgan’s Jim Glassman. 

By Maura Webber Sadovi • July 28, 2022

SEC may take ‘fresh look’ at auditor conflicts of interest: Gensler

Decades after the Enron accounting scandal led Congress to direct the SEC to create stronger barriers between auditors and other parts of their firms, auditor conflicts of interest persist.  

By Maura Webber Sadovi • July 28, 2022

Meta swaps CFOs, posts first-ever revenue decline

Meta VP, Finance Susan Li will take on the CFO position as current CFO David Wehner becomes the company’s first chief strategy officer, an executive shuffle that comes as the company reports less-than-stellar Q2 earnings.

By Grace Noto • July 28, 2022

Fed makes second .75 rate hike in bid to tamp down runaway inflation

The second consecutive 75 point hike follows “worse than expected” June results, with Chairman Jerome Powell stating a strong labor market still belies a current recession.

By Grace Noto • July 27, 2022

Insurer Aspen switches to E&Y after accounting weaknesses surface

Aspen’s hiring of Ernst & Young follows the resignation of KPMG after the insurer identified “material weaknesses” in internal controls related to its financial reporting. 

By Maura Webber Sadovi • July 27, 2022

Coca-Cola sees strong consumer demand despite rising prices

Coca-Cola saw global unit case volume lift 8% despite rising prices due to ongoing inflation, causing the company to adjust full-year guidance. 

By Grace Noto • July 26, 2022

McDonald's CFO expects some moderating of food, paper inflation

McDonald’s CFO Kevin Ozan’s expectation of a potential moderation in food and paper inflation is likely a welcome note of optimism for financial executives under pressure to offset soaring prices.

By Maura Webber Sadovi • July 26, 2022

GM hit by supply chain issues, remains optimistic for vehicle demand, pricing

Detroit automaker General Motors saw its net income drop 40% amid supply chain challenges, inflation and geopolitical conflict, but the company remains optimistic regarding vehicle demand and pricing.

By Grace Noto • July 26, 2022

Most accountants suffer burnout: study

A high level of chronic stress increases the rate of accounting error, prompting many companies to reopen their books after closing to fix mistakes.

By Jim Tyson • July 21, 2022