Bed Bath & Beyond files to raise $300M in market

In spite of the struggling retailer’s creative efforts to raise capital, Morningstar analysts wrote Thursday that they still expect the firm to eventually declare bankruptcy. 

By Maura Webber Sadovi • March 30, 2023

Finance staff digital skills outstrip leadership: study

As AI and automation continue to advance, the digital skills of finance staffs are outstripping those of senior executives — leading to challenges managing and engaging skilled talent.

By Grace Noto • March 30, 2023

Explore the 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

GPT-4 draws more heat as AI advocates file FTC complaint against OpenAI

An AI advocacy group’s complaint arrived the same week FTC Chair Lina Khan said AI was top of mind for the agency while speaking at an antitrust summit.

By Lindsey Wilkinson • March 30, 2023

Ex-CFO convicted of tax evasion, hiding offshore accounts

The ex-CFO of a Russian natural gas company was found guilty of concealing his ownership of more than $93 million in offshore assets and failing to file and pay income taxes for several years.

By Alexei Alexis • March 29, 2023

Women CFOs: Raising their hands

From promotions amid pregnancies, fake engagement rings and surprise opportunities, these women leaders have faced highs and lows on their way to finance leadership.

By Elizabeth Flood • March 29, 2023

Alibaba to split into six groups, chases IPOs

The Chinese e-commerce giant will split into six separate groups in a move that follows declining tech valuations and a regulatory crackdown on the country’s tech sector.

By Grace Noto • March 29, 2023

CFO churn persists with FleetCor, Corcentric

Payments companies FleetCor and Corcentric are the latest to name new CFOs as churn in the industry continues.

By Elizabeth Flood • March 29, 2023

Experts warn against ransomware complacency

Despite reports of fewer ransomware-related cyber insurance claims and decelerating premiums in 2022, experts say the threat is still serious and evolving.

By Alexei Alexis • March 28, 2023

Embattled EV maker Nikola promotes insider to CFO

The EV maker’s CFO is stepping down following managerial turmoil in recent years.

By Elizabeth Flood • March 28, 2023

Bank failures could cause SMB credit crunch

“The current banking crisis could directly lead to a small business crisis if they are not able to quickly access the capital they need to sustain and expand their operations,” Biz2Credit’s CEO said.

By Anna Hrushka • March 28, 2023

Datarails aims for ‘grounded’ ChatGPT-like FP&A tool

The tech company’s goal is to provide CFOs with a tool in the style of the popular ChatGPT service, but without some of the same accuracy and data privacy challenges.

By Alexei Alexis • March 28, 2023

Hertz CAO takes interim CFO seat

Hertz’s CAO will assume interim financial leadership as the company looks to take advantage of recovering travel and boost its technology investments.

By Grace Noto • March 27, 2023

Talent shortage frustrates internal auditors

As AI swiftly extends the finance function’s potential for efficiency, audit leaders are concerned about the lack of skilled workers to support new advancements.

By Elizabeth Flood • March 27, 2023

Ally Financial taps Goldman vet for CFO seat

Ally’s current finance chief, who has been serving on an interim basis since October, will return to his full-time role as corporate treasurer once the newly-appointed CFO arrives in July, the company said.

By Alexei Alexis • March 24, 2023

CFOs key to shaping digitization efforts: study

With technology teams overloaded, the discerning CFO’s hand is crucial to shaping company digitization efforts.

By Grace Noto • March 24, 2023

Hindsight 2020: An unlikely road to Snowflake’s CFO seat

From a travel excursion to Italy to uncovering massive fraud, Mike Scarpelli had his fair share of challenges on his way to the CFO seat.

By Elizabeth Flood • March 23, 2023

Diversity of thought sharpens finance strategies, TS Imagine CFO says

Women need to be the ‘yardstick for excellence’ and advocate for themselves as they look to take leadership positions, TS Imagine CFO Kate Peachway says.

By Grace Noto • March 23, 2023

ESG poised to gain traction as CFO priority: Gartner

Many organizations are shifting away from a purely “risk management” approach to ESG and are viewing it as a way to attract customers, investors and talent — a trend that will only increase in coming years, according to Gartner.

By Alexei Alexis • March 23, 2023

NFL poaches NBC Sports CFO

Christine Dorfler is departing from her 20-year tenure at NBCUniversal to fill the CFO shoes of an NFL C-suite veteran.

By Elizabeth Flood • March 22, 2023

Fed hikes main rate by quarter-point, notes ‘resilient’ banking system

The central bank tightened borrowing costs despite banking instability as inflation persists well above its 2% target.

By Jim Tyson • March 22, 2023

Papa Johns CFO resigns

Ann Gugino, who has been at the pizza chain since 2020, is leaving effective May 31. Papa Johns has begun a search for a permanent CFO. 

By Julie Littman • March 22, 2023

Accountants head overseas for talent

The lure of sexier jobs in the tech sector has cut into the number of U.S. students pursuing accounting careers. Looking abroad for talent may be the next best move.

By Elizabeth Flood • March 21, 2023

Lessons from SEC’s $3M Blackbaud cyber penalty

The Charleston, South Carolina-based software provider’s recent data breach settlement with the SEC serves as a cautionary tale for C-suite leaders.

By Alexei Alexis • March 21, 2023

Accountant shortages likely to yield more audit failures

The shortage of workers with the core accounting skills needed to staff audits is making audit failures more likely, Hofstra University’s Jack Castonguay says. 

By Maura Webber Sadovi • March 20, 2023

Defunct Katerra sues former CFO for bonus

The failed Softbank-backed startup is alleging its former CFO is obligated to pay back his signing and relocation bonuses amid intensifying scrutiny of executive compensation.

By Grace Noto • March 20, 2023