Unpacking crypto and FASB’s new priorities with Richard Jones

The Financial Accounting Standards Board Chair Richard Jones discussed the organization’s agenda, a possible quick fix and the accounting topic that finally trended on social media.

By Maura Webber Sadovi • July 18, 2022

Twitter suit details CFO, CEO caught in Musk crossfire

Twitter’s complaint paints a picture of senior executives under pressure as they seek to cooperate with and provide information to a mercurial buyer.

By Maura Webber Sadovi • July 13, 2022

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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

Trailblazing CFOs are turning rampant uncertainty into opportunity

It’s clear that the CFOs who take a creative and nimble approach to operating their businesses will continue to fare better than those taking the more classic, slightly deliberate and conservative approach of even the more “modern” CFOs.

By Dan Fletcher, CFO, Planful • July 12, 2022

Long-time Vail CFO, key to acquisitions, exits

Vail CFO Michael Barkin is stepping down, as the company's new CEO has shifted the resort operator's focus to better support employees, amid worker shortages.

By Maura Webber Sadovi • July 11, 2022

Brainard urges more oversight of crypto

The Federal Reserve vice chair on Friday said the May collapse of the Terra stablecoin, which wiped out millions of dollars in a matter of days, was “reminiscent of classic runs throughout history.”

By Anna Hrushka • July 11, 2022

Twitter CFO retweets board plan to enforce Musk deal

Experts have differed as to whether Twitter CFO Ned Segal would remain at the company in a Musk-led scenario. 

By Maura Webber Sadovi • July 10, 2022

GameStop ousts CFO, taps former interim finance chief

Michael Recupero’s exit could be a signal that GameStop’s effort to “Amazon-ify” its business isn’t working. 

By Maura Webber Sadovi • July 8, 2022

Don't abandon stablecoins over Terra, CFO says

Fintechs and financial services players will "be the driver of innovations and regulations that enable stablecoins, crypto and other digital assets to scale," argues Metallicus Chief Financial Officer Irina Berkon.

By Irina Berkon • July 8, 2022

Advent's Maitland predicts CFOs will return to convertible bonds

Global convertible bond issuance volumes posted a record slow first half, plummeting nearly 90% year-over-year to $11 billion, according to a Bank of America report.

By Maura Webber Sadovi • July 7, 2022

Binance.US snares former PayPal CFO for future IPO

PayPal alum Jasmine Lee will head up the financial team for cryptocurrency exchange Binance.US as it continues to chart a course to an IPO among a roiled market.

By Grace Noto • July 7, 2022

Former Dallas CFO takes on top finance position at transit system

Former Dallas city CFO Elizabeth Reich will take on the top financial role for Dallas Area Rapid Transit one month after resigning from her city post. 

By Grace Noto • July 6, 2022

BNY Mellon poaches new CFO from Goldman Sachs

BNY Mellon’s pick of Dermot McDonogh as CFO comes just months after the bank announced Robin Vince would succeed CEO Todd Gibbons, who is retiring.

By Maura Webber Sadovi • July 6, 2022

U.K. value retailer B&M swipes UBS, Citi alum to serve as CFO

U.K.-based retail chain B&M European Value Retail is tapping Mike Schmidt to serve as CFO and executive director as top companies pull out more incentives to snare financial executives.  

By Grace Noto • July 5, 2022

Chicago woos out-of-state execs with post-Roe letters

Chicago economic development officials, often forced to fend off concerns around crime and high taxes, quickly launched an offense touting its advantages to business, executives and their employees in a post-Roe world. 

By Maura Webber Sadovi • July 1, 2022

Cutting commodities as inflation hedge now 'team sport': Chatham

Companies are moving to reduce their commodities exposure to hedge against spiking inflation and recession fears, but doing so successfully means thinking about this as a “team sport,” Amol Dhargalkar, chairman of the board for Chatham Financial, said.

By Grace Noto • June 30, 2022

CFO, business optimism hits 12-year low: JPMorgan

In spite of the “drastic” decline in business leader optimism, JPMorgan’s Ginger Chambless doesn’t expect companies to make “material” capital spending cuts this year.  

By Maura Webber Sadovi • June 29, 2022

Fundbox CFO: Shifting product strategies could help SMBs curb inflation

Smaller businesses must reconsider their product strategy to meet inflation challenges, Fundbox CFO Marten Abrahamsen said.

By Grace Noto • June 28, 2022

Dollar Tree's CFO to depart in C-suite shakeout

Gone or nearly gone following an activist revolt are the discounter’s chief financial, operating, information, strategy and legal officers.

By Ben Unglesbee • June 28, 2022

McDonald's international president to take on CFO role

Ian Borden, a 28-year veteran of the firm, will take on the role of CFO for McDonald's beginning Sept. 1 as the fast-food chain shuffles top executives.

By Grace Noto • June 27, 2022

EU global minimum tax plan hits Hungarian road 'bump'

Hungary’s eleventh hour opposition included concerns about the war in Ukraine and fears about being a first mover on the Pillar Two rules, according to a PwC report. 

By Maura Webber Sadovi • June 27, 2022

Technology literacy is key for candidates aspiring to the CFO seat

Fostering greater technological literacy and taking on the responsibility of growing and enhancing their organization’s data utilization could be one way future CFO candidates differentiate themselves from the pack come hiring.

By Grace Noto • June 24, 2022

Businesses nudged to decentralize cybersecurity leadership

The push to enable employees to make informed security decisions comes amid an increase in the rate and severity of cyberattacks.

By Lindsey Wilkinson • June 24, 2022

FASB preps to revamp 'outdated' accounting for software

FASB’s latest move comes as the typically slow-moving U.S. standard-setter has been on something of a tear lately, grappling with hot-button issues including cryptocurrency and goodwill.

By Maura Webber Sadovi • June 23, 2022

Predictable spend can flip view of legal as cost center

Every CFO's in-house legal team has matters with well-defined outlays. The department should aim to realize those easy wins to show control is within reach, a budget specialist says.

By Robert Freedman • June 23, 2022

Carlsberg CFO to depart for private equity-backed firm

International brewer Carlsberg CFO Heine Dalsgaard will step down from his role to take on another CFO position at an undisclosed private equity-backed firm.

By Grace Noto • June 22, 2022