AppLovin’s FP&A leader to replace CFO

The current finance chief is stepping down to explore new career opportunities while remaining on the company’s board.

By Alexei Alexis • Nov. 9, 2023

Deloitte brings GenAI to audit, accounting professionals with new bot

GenAI isn’t likely to replace accountants any time soon — but firms like Deloitte are already integrating it into their accounting and audit practices.

By Grace Noto • Nov. 9, 2023

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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

MGM Resorts anticipates no further disruptions from September cyberattack

The company expects insurance to cover more than $100 million in losses stemming from lost bookings and disruptions at its Las Vegas properties.

By David Jones • Nov. 9, 2023

Nextdoor plans 25% staff reduction, as CFO resigns

The disclosures came as the social networking app provider reported a third quarter net loss of $38 million, compared with $35 million in the year-ago period.

By Alexei Alexis • Nov. 8, 2023

Emails tie Ivanka Trump to lenders, ex-CFO. She doesn’t recall much of it.

Appearing a week after her two brothers, the former president’s daughter took her turn on the stand testifying in the $250 million civil fraud trial.

By Maura Webber Sadovi • Nov. 8, 2023

Half of cloud transformations are ‘abject failures’

As the technology matures, CFOs are asking CIOs to justify the business value of existing migrations, HFS CEO and Chief Analyst Phil Fersht said.

By Matt Ashare • Nov. 8, 2023

Modern CFOs must balance finance, data skills: Baker Tilly

CFOs need to be honest about their own strengths and look for talent that can help them fill the gaps, Baker Tilly’s Jennifer Finger said.  

By Grace Noto • Nov. 7, 2023

Microsoft-backed study shows AI investments producing returns

For every $1 companies invest in AI, they are realizing an average of $3.50 in return, the report says.

By Alexei Alexis • Nov. 7, 2023

Palo Alto agrees to buy Talon Cyber Security in M&A ramp-up

The agreement is Palo Alto Networks’ second acquisition of an Israeli tech startup since the start of the Israel-Hamas war last month.

By Alexei Alexis • Nov. 7, 2023

Combative Trump is lukewarm on ex-CFO’s financial reports

Testifying in the $250 million civil fraud case against him, ex-President Trump pinned the main responsibility for his financial reports on his senior executives and outside accountants.

By Maura Webber Sadovi • Nov. 6, 2023

Long-time PepsiCo CFO moves to top finance seat at Disney

The entertainment firm may be looking to lean on Hugh Johnston’s financial chops as it fends off challenges from activist investors and looks to bolster drooping streaming results.

By Grace Noto • Nov. 6, 2023

Truist pushes ambitious reorganization in $750M cost-cutting plan

CFO Mike Maguire says the bank is making good progress, as it grapples with a string of high-profile executive departures.

By Suman Bhattacharyya • Nov. 6, 2023

Slack CEO to depart after first year at the helm

Lidiane Jones will step down from the top role at the collaboration software company to lead online dating app Bumble on Jan. 2. 

By Roberto Torres • Nov. 6, 2023

Former FTX CEO found guilty of fraud

Nearly a year after the collapse of his $40 billion cryptocurrency exchange, former FTX CEO Sam Bankman-Fried was found guilty Thursday on seven federal counts.

By Gabrielle Saulsbery • Nov. 2, 2023

Verizon’s interim CFO lands permanent seat

The finance chief says the telecom giant is “on track” when it comes to priorities such as improving free cash flow and growing its wireless service revenue.

By Alexei Alexis • Nov. 2, 2023

PayPal CEO pledges ‘leaner’ business, names new CFO

Alex Chriss, who took the top post in September, tapped a new finance chief Wednesday and pledged to better focus the digital payment company's strategy.

By Lynne Marek • Nov. 2, 2023

SolarWinds CFO avoids charges in SEC action

A cybersecurity suit filed by the SEC names the company’s chief information security officer as a defendant but not its CFO, although the agency previously put both executives on notice.

By Alexei Alexis • Nov. 1, 2023

Trump Jr.’s testimony shines spotlight on ex-CFO’s authority

The role of former Trump Organization CFO Allen Weisselberg was once again scrutinized as Donald Trump Jr. became the first of the former president’s children to take the witness stand.

By Grace Noto • Nov. 1, 2023

Fed holds main rate steady, flags option of future hike

The central bank kept the federal funds rate unchanged despite higher-than-forecast strength in hiring and economic growth.

By Jim Tyson • Nov. 1, 2023

Former AIG CFO dies following medical leave

In a tribute to the late Shane Fitzsimons, the global insurer’s CEO Peter Zaffino praised the former CFO’s “legacy of extraordinary leadership." 

By Grace Noto • Oct. 31, 2023

Amazon CFO credits AI with boosting ad business

The technology giant is leaning into machine learning as it seeks to improve the relevancy of the ads it shows to customers.

By Alexei Alexis • Oct. 31, 2023

Biden’s AI order calls for guardrails to protect workers

The effort highlights growing concerns in Washington over the risks posed by artificial intelligence as companies rush to adopt it.

By Alexei Alexis • Oct. 31, 2023

CFO, CIO need to be in ‘lockstep’ on software purchases: Olive CEO

To find the right software at the right price, CIOs and CFOs need to take a tandem approach on new technologies and solutions.  

By Grace Noto • Oct. 30, 2023

5 ways CFOs can support workers in times of crisis

“Most importantly, ask how employees are doing and then just listen,” Catalyst's Tara Van Bommel says.

By Maura Webber Sadovi • Oct. 27, 2023

Buzzfeed taps treasurer for next CFO

The financial leadership shift comes as a move to AI-generated content failed to bolster the digital media company’s revenue.  

By Grace Noto • Oct. 27, 2023