Leadership: Page

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    Red Lobster’s ‘erratic’ payments to vendors among bankruptcy warning signs: Creditsafe

    The company’s average “days beyond terms” jumped from 15 in December to 30 in January, reaching 57 as of March.

    By • May 22, 2024
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    AI startup Anthropic brings in Airbnb alum as first CFO

    Anthropic is getting its first-ever finance chief as the company attempts to crack AI’s “black box” in the face of growing ethical and security worries. 

    By • May 22, 2024
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    Trendline

    Top 5 stories from CFO Dive

    To stay competitive many CFOs are focused on balancing AI’s risks and opportunities while also adjusting to fast-changing tariff policies and labor markets.

    By CFO Dive staff
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    Courtesy of BCG
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    Q&A

    How companies should approach compliance under multiple climate reporting regulations: BCG

    BCG's Tim Mohin said the CFO "owns" the regulatory reporting process as their office is most responsible for financial statements that will include climate information in the future.

    By Suman Bhattacharyya • May 22, 2024
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    Getting employees ahead of the AI learning curve: Tipalti CFO

    Leaders need to ensure they’re offering opportunities for employees to experiment with AI before the technology is ready for “prime time,” CFO Sarah Spoja said.

    By • May 21, 2024
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    Lynne Marek/CFO Dive
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    Deep Dive

    Real-time lessons for FedNow from Brazil, India

    The fledgling U.S. instant payments system can learn from real-time systems that have flourished in Brazil and India using QR codes and broad missions, say industry professionals.

    By Christiana Sciaudone • May 21, 2024
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    Shadow IT surge threatens corporate data: report

    OpenAI’s ChatGPT tool remains the most frequently used AI application in the workplace, according to the research.

    By • May 21, 2024
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    Ballooning AI budgets expected to face ROI pressure

    As corporate AI expenditures grow, they will likely come under increased scrutiny in earnings calls, Gartner’s Frances Karamouzis said.

    By • May 21, 2024
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    Cerence CFO departs after two month tenure

    Tempesta’s resignation marks the latest in a series of relatively short-tenured finance chiefs for Cerence as it faces a securities class action lawsuit and slumping revenues.

    By • May 20, 2024
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    Want to fix the accounting talent shortage? Raise starting salaries, students say.

    Mean starting salaries for accounting and related services majors in stood at $60,698 in 2022, according to the National Association of Colleges and Employers.

    By • May 20, 2024
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    Grayscale CFO takes interim chief exec role as CEO exits

    Edward McGee, the crypto asset manager’s finance chief, will serve as interim chief executive until Peter Mintzberg joins as its new CEO in August.

    By Dan Ennis • May 20, 2024
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    CFO turnover at public companies neared three-year high in Q1

    “[A]s economic uncertainty becomes the new normal for organizations, the trepidation to replace CFOs has dissipated,” Russell Reynolds Associates said.

    By • May 17, 2024
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    What’s the cost of the IT skills gap? IDC says $5.5 trillion by 2026

    AI coding and workforce training capabilities could trim as much as $1 trillion from the losses by 2027, according to IDC researcher Gina Smith.

    By Matt Ashare • May 17, 2024
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    Employers should include workers in AI plans, DOL says

    The agency outlined a list of eight “AI Principles for Developers and Employers” on Thursday, following up on a 2023 directive from the White House.

    By Ryan Golden • May 16, 2024
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    Sakorn Sukkasemsakorn
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    Nonprofit MDA CFO attributes $5M cost reduction to streamlined operations, tech

    Since rising to the CFO chair in 2018, Michael Kennedy pared down the nonprofit’s back-end from 65 systems to one platform.

    By • May 16, 2024
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    First-time CFO looks to sharpen Kyriba’s FP&A approach

    Adam Drew in March became the San Diego, California-based treasury and finance platform provider’s first permanent CFO in more than a year. 

    By • May 16, 2024
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    U.S. Navy. (31 March 2009). "Northrop Grumman's E-2D Advanced Hawkeye aircraft" [Photograph]. Retrieved from Wikimedia Commons.
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    Northrop Grumman names new CFO in leadership shake-up

    The transition comes on the heels of some volatility in the defense industry giant’s financial performance.

    By • May 15, 2024
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    Companies are choosing leaner operations over price hikes: BCG

    Passing on cost increases to inflation-weary consumers is challenging, but not raising prices carries its own risks.

    By Suman Bhattacharyya • May 15, 2024
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    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 • May 14, 2024
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    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 • May 14, 2024
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    Opinion

    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
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    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
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    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
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    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 • May 10, 2024
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    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 • May 9, 2024
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    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 • May 9, 2024