As investigation heats up, Trump CFO appears to remain loyal

Allen Weisselberg, Trump Organization's CFO of over 40 years, has been spotted entering and leaving Trump Tower numerous times in recent weeks, which the Washington Post suggests is a public signal of his loyalty to Trump.

By Jane Thier • June 22, 2021

Rev rec manager at hub of fraud ring, SEC says

The Securities and Exchange Commission used data analytics capabilities it launched last year to catch six people benefiting from insider information. 

By Robert Freedman • June 21, 2021

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

Whistleblower plan to catch corporate tax cheats gets bipartisan push

Republican and Democratic senators seek to narrow the $630 billion annual tax gap by putting teeth into the IRS whistleblower program.

By Jim Tyson • June 18, 2021

Match Group to expand market with new acquisition: CFO

Adding South Korea-based Hyperconnect’s social discovery feature increases Match's target market from singles to everybody, CFO-COO Gary Swidler said.

By Jane Thier • June 18, 2021

Citi CFO on expected trading plummet, digital investments

The stream of stimulus payments over the past year have led consumers to pay down their loans at high rates, Mark Mason said, which has hamstrung overall loan growth in the firm’s U.S. card unit.

By Jane Thier • June 16, 2021

Transition bonds find a footing as companies eye ESG growth

The instrument gives CFOs a tool for financing their company’s shift to operations reflective of environmental, social and governance goals.

By Ted Knutson • June 16, 2021

SEC role given to critic of weak corporate governance

SEC Chair Gary Gensler appointed Renee Jones to lead the corporation finance division and tackle high-stakes rulemaking for public disclosure and investor protection.

By Jim Tyson • June 15, 2021

What's behind the SEC's SPAC warrant concerns

In many of the deals, the warrants don't meet an exception in FASB's accounting standards for derivatives. As a result, they're misclassified as equity in the view of the Securities and Exchange Commission.  

By Matt Smith and Petar Tomov • June 14, 2021

CEO, CFO of electric truck maker Lordstown resign; misleading demand alleged

The company’s pre-order demand for its product is called questionable, and it needs more money to begin production by the fall.

By Robert Freedman • June 14, 2021

Corporate tax staff working beyond capacity: survey

Technology can help close the capacity gap but many tax departments lack the time, budget and skills to deploy it effectively, a Thomson Reuters Institute survey found.   

By Jim Tyson • June 11, 2021

GameStop taps Amazon execs to replace CEO, CFO

With Matt Furlong as CEO and Mike Recupero as CFO, the company intends to restore strength and home in on digital sales.

By Jane Thier • June 10, 2021

SPAC lawsuits surge over disclosure claims: attorney

Securities and Exchange Commission guidance on SPAC disclosures has spurred a rise in litigation in New York State courts — almost 40 in the past six months.

By Jim Tyson • June 8, 2021

Gensler says SEC may tighten rules to avert insider-trading abuses: WSJ

SEC Chair Gary Gensler said he has asked agency staff to “use all the tools in our toolbox” to punish executives who abuse plans for trading in their own company’s shares.

By Jim Tyson • June 7, 2021

SPAC warrant restatements won't hit credit, Moody's says

Amending past financial statements to account for the shift in warrant accounting from equity to liability is just a technical change, according to an analysis.

By Robert Freedman • June 7, 2021

AbbVie used 2017 law to lower taxes to 9.5% from 20%: investigation

The Senate Finance Committee announced an investigation into the pharmaceutical company's global tax practices as Biden pushed a broad effort to boost corporate tax revenue.

By Jim Tyson • June 3, 2021

Avoiding ASC 470 debt modification mistakes

Many companies restructured debt during the pandemic; accounting for that can be fraught with risk if you misapply the rules, reporting specialists say.

By Ed McCarthy • June 3, 2021

Travel rebound currently leisure-driven, but business will follow: Hilton CFO

"We're not a huge believer in a new normal; sorry," Kevin Jacobs said last week. He fully expects business travel to reach pre-pandemic levels within the next two years.

By Jane Thier • June 1, 2021

Nearly 40% of large companies pose biodiversity threat: Moody's ESG study

A Moody’s study aimed at measuring “biodiversity risks” in investment and lending portfolios found that 38% of 5,300 global companies operate at least one facility causing loss of habitat.

By Jim Tyson • May 28, 2021

Gensler pledges tough SEC scrutiny of SPACs, warning of fraud risk

The SEC will “closely look” at each stage of SPAC financing to ensure adequate investor safeguards, Chair Gary Gensler said in congressional testimony.

By Jim Tyson • May 27, 2021

New data analysis may help predict pandemic recovery: AstraZeneca FP&A head

The coronavirus sped up adoption of automation at AstraZeneca and generated datasets that may help forecast recovery, according to the company's FP&A director.

By Jim Tyson • May 25, 2021

Target CFO: 'Theme for the quarter is growth on growth'

The retailer's fulfillment services and portfolio of private labels across multiple categories have kept shoppers hooked post-2020.

By Maria Monteros • May 24, 2021

Airbnb CFO 'highly confident a rebound is coming'

"All the early indicators" suggest the online vacation rental marketplace will return to pre-pandemic operating levels within the year, Dave Stephenson said last week. 

By Jane Thier • May 19, 2021

SPAC warrant resolution said to be in works

Legal and accounting specialists are developing a type of warrant that can be treated as equity, but it’s weeks away and needs SEC approval.

By Robert Freedman • May 17, 2021

Most companies increase spending on diversity training: survey

Roughly four in five companies are increasing their budgets for diversity training and for managing their performance in sustainable business practices, a OneStream Software survey found.

By Jim Tyson • May 13, 2021

Following first quarter rebound, Applebee's, IHOP parent hires new CFO

On June 14, Vance Chang will replace Dine Brand's corporate controller and interim CFO Allison Hall, who is moving into the chief accounting officer role.

By Jane Thier • May 12, 2021