Leadership: Page 19
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‘Maverick’ SaaS spending by workers can waste millions: Vertice
A company with more than 2,000 employees wasted, on average, as much as $4.3 million on underutilized SaaS licenses in 2023.
By Alexei Alexis • Feb. 20, 2024 -
Honeywell exec upbeat on warehouse automation trends
Rising e-commerce shipments and ongoing labor shortages are among macrotrends that are favorable to the market.
By Alexei Alexis • Feb. 20, 2024 -
Trendline
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 -
Imminent Trump civil fraud ruling could spur due diligence reckoning
The anticipated ruling could serve as warning to executives at companies run by dominant personalities to do their own due diligence on financial matters, Hofstra's Jack Castonguay said.
By Grace Noto • Feb. 16, 2024 -
L’Oréal leans into AI with data in mind
“AI now transcends many of the things we do,” CEO Nicolas Hieronimus said during the beauty company’s earnings call.
By Lindsey Wilkinson • Feb. 16, 2024 -
IT, finance must take point on strategy in AI age: OneStream
The more AI filters into business processes, the tighter the relationship between finance and IT needs to be, OneStream’s Pam McIntyre said.
By Grace Noto • Feb. 15, 2024 -
Boeing CFO expects 2H24 production resurgence, cites ‘uncertain moment’
The aerospace company is grappling with the implications of last month’s midair door plug blowout that shocked travelers and sparked an FAA audit.
By Suman Bhattacharyya • Feb. 15, 2024 -
Ex-Zoom finance exec lands at fraud detector Forter
Forter’s new CFO, Anthony Barsoom, is replacing Aaron Barfoot, who exited to become finance chief of a rival company.
By Alexei Alexis • Feb. 15, 2024 -
Krispy Kreme faces double-digit inflation in some costs: CFO
The company is grappling with soaring sugar prices as the fight to keep inflation down remains an ongoing challenge for the Federal Reserve.
By Alexei Alexis • Feb. 14, 2024 -
IRS sues FDIC to get $1.45B in SVB back taxes
The amount covers corporate income and employment taxes due between 2020 and 2023, but is an estimate because a review of the tax returns is ongoing, the IRS said. The FDIC has denied SVB’s entire tax claim.
By Dan Ennis • Feb. 14, 2024 -
Moody’s picks SAP, PwC vet for CFO
Noémie Heuland, a CPA with SaaS experience, will become the global risk assessment firm's finance chief in April.
By Maura Webber Sadovi • Feb. 13, 2024 -
Bank of America customer data exposed in IT provider breach
A threat actor compromised Infosys McCamish Systems in November, affecting more than 57,000 Bank of America customers.
By Rajashree Chakravarty • Feb. 13, 2024 -
Renamed FinQuery tackles CFOs’ SaaS pain points
The rebranding follows the acquisition of SaaS management startup Stackshine by LeaseQuery, now FinQuery, last August.
By Alexei Alexis • Feb. 13, 2024 -
AI dominates CFOs’ 2024 budget hike plans
The vast majority (90%) of finance leaders are projecting higher AI budgets in the coming year, with none planning a reduction, Gartner found.
By Alexei Alexis • Feb. 13, 2024 -
PayPal’s Rabinovitch heads to Worldpay CFO seat
Worldpay will lean on PayPal alum Gabrielle Rabinovitch’s finance chops to help it navigate life as an independent company during a rocky time for the payments space.
By Grace Noto • Feb. 12, 2024 -
PayPal cost-cutting likely to persist
The digital payments pioneer’s expense reductions may take years to benefit the company’s bottom line as management resets the business strategy.
By Lynne Marek • Feb. 12, 2024 -
Minority CPAs drop 26% after 150-hour rule: MIT
Proponents of the more onerous rule say it raises the quality of accounting services. The study’s authors found “scant evidence.”
By Maura Webber Sadovi • Feb. 9, 2024 -
Enerpac Tool appoints interim finance chief
The Menomonee Falls, Wisconsin-based industrial tool maker appointed its head of financial planning to the interim CFO position.
By Grace Noto • Feb. 9, 2024 -
Walgreens names permanent CFO in management shakeup
The pharmacy chain’s recently-installed CEO announced executive team changes as the company looks for a fresh start after financial struggles.
By Alexei Alexis • Feb. 8, 2024 -
Earnings season CFO moves pile up: Prudential, H&R Block
Announcing CFO exits and entrances during earnings season can pave the way to a smooth transition — but there can be downsides.
By Maura Webber Sadovi • Feb. 7, 2024 -
CEO, CFO compensation clawback helps tech firm skirt SEC fine
Cloopen Group avoided civil penalties after cooperating with the agency and taking remedial steps, despite an accounting fraud scandal that triggered SEC charges.
By Alexei Alexis • Feb. 7, 2024 -
Profit is the ‘high value’ IPO ticket, NetSuite execs say
As the IPO market recovers, investors are putting a premium on companies that have demonstrated stable profitability.
By Grace Noto • Feb. 7, 2024 -
Costco taps former Kroger finance chief to serve as CFO
Gary Millerchip, a key architect of the grocer’s pending merger with Albertsons, is taking over from Richard Galanti, who is leaving the club retailer after nearly 40 years.
By Catherine Douglas Moran • Feb. 6, 2024 -
Clorox says it incurred $49M in costs from 2023 cyberattack
The breach caused system disruptions that led to order processing delays and “significant product outages,” negatively impacting net sales and earnings.
By Alexei Alexis • Feb. 6, 2024 -
Opinion
The fight against cyber fraud: How to up your game in 2024
CFOs face an increasingly daunting fraud landscape — from deep-fake phone calls to AI-generated text messages, writes Trustpair CEO Baptiste Collot.
By Baptiste Collot • Feb. 6, 2024 -
Bass Pro, Patagonia vet takes Meati Foods CFO seat
Founded in 2017, the company said its new finance chief will oversee capital expenditures needed to drive its continued expansion.
By Maura Webber Sadovi • Feb. 5, 2024