New Eli Lilly CFO to receive $1M salary, bonus opportunity

The financial leadership transition is coming as the pharma giant hovers just below a $1 trillion market cap in the midst of rising demand for several new medications.  

By Grace Noto • Sept. 9, 2024

SoundHound AI programmatic M&A strategy targets 2025 ‘break even’

In the midst of AI hype, SoundHound is leaning on programmatic M&A to balance profitability with hypergrowth, CFO Nitesh Sharan said.  

By Grace Noto • Sept. 6, 2024

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

Honeywell taps insider for CFO seat

The transition comes as Charlotte, North Carolina-based Honeywell’s CEO is laser-focused on accelerating growth.

By Alexei Alexis • Sept. 5, 2024

Tax compliance costs surge 32% since 2017: Tax Foundation

Efforts to simplify the federal tax code have failed to reverse decades of regulatory and legislative changes that have made it more complex.

By Jim Tyson • Sept. 5, 2024

New ADM CFO to tackle ‘root cause’ of material weakness

Just weeks into his CFO tenure, Monish Patolawala said he’d prioritize remediating the accounting woes that have rocked the company this year.

By Maura Webber Sadovi • Sept. 4, 2024

SEC fines credit rating firms $49M for record-keeping flaws

Employees at some of the firms routinely discussed credit ratings on their personal communication devices, the SEC said.

By Jim Tyson • Sept. 4, 2024

ESG controllers: The newest finance hires

Depending on the company’s structure, the specialized controllers often report to the corporate controller or the CFO, Deloitte’s Kristen Sullivan said. 

By Maura Webber Sadovi • Sept. 3, 2024

Paysafe taps FIS alum for CFO amid growth pivot

The iGaming payments platform is looking to expand on its “robust” performance in the first half of the year with the appointment of new financial leadership.

By Grace Noto • Sept. 3, 2024

Dollar General CFO cites inflation, cost pressures as shares slump

“The customer will continue to feel financial pressure for the duration of the year,” CFO Kelly Dilts said on the company’s second quarter earnings call.

By Suman Bhattacharyya • Aug. 30, 2024

Trump case sparks request for FASB accounting rule revamp

Daniel Tinkelman, a professor of accounting at Brooklyn College of the City University of New York, is asking the FASB to revise and clarify the GAAP rules. 

By Maura Webber Sadovi • Aug. 29, 2024

SEC charges Navy shipbuilder Austal with accounting fraud

Austal understated an accounting metric known as “estimate at completion” for the construction of Littoral Combat Ships, according to SEC allegations.

By Jim Tyson • Aug. 28, 2024

Super Micro delays 10-K filing to assess internal controls

The AI server maker delayed its 10-K as experts partly blame a recent spike in tardy annual reports on the accounting talent shortage and increased regulation.

By Maura Webber Sadovi • Aug. 28, 2024

Cannabis firm Ascend terminates CFO, CEO amid refinancing push

Ascend is the third large cannabis company to see its CEO out the door this month.

By Grace Noto • Aug. 28, 2024

Trump Media CFO sells $1.9M in company stock

The sale comes as a six-month ban preventing former President Donald Trump from selling his own stock in the beleaguered company inches to an end.

By Grace Noto • Aug. 26, 2024

Longtime Zoom Video CFO to step down

Kelly Steckelberg is leaving the video conferencing platform after seven years as CFO.

By Grace Noto • Aug. 22, 2024

SEC approves tougher rules targeting auditor ‘negligence’

Two out of the agency’s five commissioners voted against the stricter standards, warning that they may hinder efforts to expand the ranks of auditors.

By Jim Tyson • Aug. 21, 2024

Marqeta CFO eyes fintech ‘winners’ following mixed earnings

With the fintech sector maturing, the card issuing platform is turning its attention to capitalizing on rising opportunities in the space, CFO Mike Milotich said.

By Grace Noto • Aug. 21, 2024

Dentsply initiates CFO search following layoffs, restructuring

Glenn Coleman is leaving as the dental supply company struggles to regain its footing after a 2022 accounting probe uncovered ethical violations by ex-CFO Jorge Gomez.

By Grace Noto • Aug. 20, 2024

47% of US firms suffered data breach resulting in severe financial loss

The study comes as the global average cost of a breach has hit nearly $4.9 million this year, according to an IBM estimate.

By Alexei Alexis • Aug. 20, 2024

Icahn Enterprises pays $1.5M to settle SEC charges

The civil penalties come more than a year after a short seller’s report lambasted Icahn Enterprises for alleged “Ponzi-like economic structures.”

By Grace Noto • Aug. 19, 2024

PCAOB says deficiencies rise among reports by audit firms

Inspections of nearly half of the firms’ engagements reviewed by the PCAOB revealed evidence that the auditor failed to obtain enough evidence to support its opinion.

By Jim Tyson • Aug. 16, 2024

Walmart used AI to crunch 850M product data points and improve CX

“We're finding tangible ways to leverage generative AI to improve the customer, member and associate experience,” Walmart CEO Doug McMillon said.

By Bryan Wassel • Aug. 15, 2024

SEC imposes $390M in fines in crackdown on shoddy record-keeping

The agency that regulates Wall Street in the past year has slammed several financial services companies for flawed record-keeping.

By Jim Tyson • Aug. 15, 2024

Cisco plans to cut 7% of workforce amid AI push

The tech giant is “shifting hundreds of millions of dollars” into artificial intelligence and other growth areas of its business, CEO Chuck Robbins said.

By Alexei Alexis • Aug. 15, 2024

Chipotle CFO postpones retirement; stays on in president role

Jack Hartung will stay on to help advise Chipotle’s leadership following Brian Niccol’s planned jump to Starbucks.

By Grace Noto • Aug. 14, 2024