Brex CFO mulls long-term IPO scenario but keeps eye on costs, ROI

The prevailing attitude among companies seeking to go public is to achieve profitability beforehand, Ben Gammell said.

By Grace Noto • May 14, 2024

Cybersecurity ops budgets expected to climb: KPMG

The average annual budget for SOCs — a one-stop shop for managing cyber threats — is $14.6 million, according to a KPMG survey of large firms.

By Maura Webber Sadovi • May 14, 2024

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Compensation: solving the cost-talent puzzle

In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.

By CFO Dive staff

The problem that made ‘zero-based budgeting’ unachievable just got solved

Accounting for every dollar was largely just an elusive aspiration in finance circles — until artificial intelligence arrived, writes Globality’s Seth Catalli.

By Seth Catalli • May 14, 2024

How CFOs can keep shipping costs under control: Contracts, fees, timing

Finance chiefs need to find “consultative” partners that will work to eliminate waste and drive down transport costs, experts say.

By Chris Gaetano • May 13, 2024

Congress wants to question Microsoft exec over security defects

A House panel wants to question Brad Smith, Microsoft’s president and vice chair, over the company’s security shortcomings and how it plans to strengthen security measures.

By Matt Kapko • May 13, 2024

Ford CFO tapped as vice chair; Lucid Motors exec set to succeed

Ex-Lucid Motors CFO Sherry House will receive a $1.2 million cash sign-on bonus as Ford's VP of finance.

By Grace Noto • May 10, 2024

Instacart taps VP of finance, former Uber exec for CFO seat

The new CFO said the company remains “relentlessly” focused on investing in new technologies and cultivating its partnership with Uber.

By Alexei Alexis • May 9, 2024

Nerdwallet CFO champions user growth in face of credit, lending headwinds

The former eBay and StubHub executive is keeping her eye on uncertainty in the banking sector and other headwinds following a mixed quarter.

By Grace Noto • May 9, 2024

More companies are tying ESG metrics to executive compensation: WTW

Despite political blowback in the U.S., companies are increasingly incorporating ESG metrics into performance measures and incentive plans, according to the insurance services provider.

By Suman Bhattacharyya • May 9, 2024

AI-driven cash flow management startup gets $15M boost

Panax is among companies that say they’re seeing high demand for finance automation tools as businesses try to navigate an uncertain economic environment.

By Alexei Alexis • May 8, 2024

Vroom swaps in new CFO after shuttering online car sales

The leadership change comes after Vroom announced in January that it was discontinuing its online used vehicle sales platform in order to preserve liquidity.

By Maura Webber Sadovi • May 8, 2024

UPS CFO set to depart, citing health

The parcel delivery service’s CFO will be stepping down to focus on his personal health as UPS struggles to boost sagging shipping volumes.

By Grace Noto • May 7, 2024

Fraud detector Traceable zeroes in on GenAI threats

The startup is rolling out new AI-related threat detection capabilities on the heels of securing $30 million in funding from investors, including Citi Ventures.

By Alexei Alexis • May 7, 2024

Coca-Cola exec to take Diageo CFO seat

Diageo is tapping Coca-Cola alum Nik Jhangiani for its CFO as the Guinness maker battles slumping sales in the face of changing consumer tastes and spending trends.  

By Grace Noto • May 6, 2024

Microsoft says cybersecurity overhaul will impact top execs’ pay

The development follows harsh criticism by a Department of Homeland Security panel of the company’s response to a 2023 breach.

By Alexei Alexis • May 6, 2024

SEC hits Trump Media auditor with $12M fine

BF Borgers, an auditor of public company financial statements, has committed massive fraud impacting more than 1,500 SEC filings, the agency said.

By Alexei Alexis • May 3, 2024

Businesses need ‘eye in the sky’ scanning for geopolitical risks: McKinsey

Building a coordinated scanning and oversight capability can help organizations separate signal from noise, says Ziad Haider, a partner and global director at McKinsey.

By Suman Bhattacharyya • May 3, 2024

Peloton cuts jobs, searches for new CEO amid financial turmoil

“We made some very tough decisions, and while we firmly believe these actions are the right thing to do for the business, cuts like this are painful,” CFO Liz Coddington said. 

By Alexei Alexis • May 2, 2024

Driven Brands CFO resigns after one year on job

The automotive services company’s shares slumped Thursday after it released earnings and announced its finance chief is leaving the company.

By Maura Webber Sadovi • May 2, 2024

Marriott gears up for another year of major tech spending

The company expects full-year investments to reach $1 billion as digital transformation projects advance, according to its latest earnings call.

By Lindsey Wilkinson • May 2, 2024

Amazon clinching bigger, longer cloud deals after AI boost: CFO

Amazon is the latest tech giant whose hefty AI spending has been rewarded by Wall Street in the current earnings season. Meta has been an exception.

By Alexei Alexis • May 1, 2024

Modern finance team makeovers: Chief accounting officers

CFOs and CAOs have developed a “symbiotic relationship” as the finance function morphs into a driver of business strategy.

By Grace Noto • April 30, 2024

Cornell University CFO meets with students, protesters

As protests swept across U.S. college campuses last week, the Ivy League university's finance chief stepped into the fray.

By Maura Webber Sadovi • April 30, 2024

Escalating cyber talent shortage drives up risks: report

Cybersecurity threat actors' innovative methods are driving up demand for professionals with diverse and specialized skill sets, the World Economic Forum said.

By Alexei Alexis • April 30, 2024

Meta falls in AI reckoning as Microsoft, Google soar

Investors rewarded AI spending strategies at Microsoft and Google but rebuffed Meta, whose stock plummeted.

By Alexei Alexis • April 30, 2024