Strategy & Operations: Page 10


  • transfer pricing tax
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    Mark Wilson via Getty Images
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    IRS aims to end ‘shell game’ by partnerships, targets $50B extra in taxes

    Tax dodging by complex partnerships “has been overlooked for more than a decade,” IRS Commissioner Daniel Werfel said Monday.

    By June 17, 2024
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    AndreyPopov via Getty Images
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    EY’s $1B pledge targets 10% raise in starting CPA-track pay

    The Big Four firm’s new initiative is tackling one of the most cited causes of the shrinking accounting talent pipeline: comparatively low starting salaries.

    By June 17, 2024
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    lorozco3D via Getty Images
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    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
  • An image of a sign post with yellow print that says drive-thru
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    Joe Raedle via Getty Images
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    McDonald’s ends automated drive-thru pilot

    The fast food chain still sees a future for automated order taking at the drive-thru and expects to make a decision about the tech by year’s end.

    By Aneurin Canham-Clyne • June 17, 2024
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    Ryan McVay via Getty Images
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    28% of big companies have no formal CFO succession plan, finance chiefs say

    The dearth of succession plans for departing finance chiefs comes as CFO turnover at public companies has soared this year.

    By June 14, 2024
  • pay
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    Mongkol Onnuan via Getty Images
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    In-house counsel compensation rose 4%, in line with inflation

    Median compensation for in-house counsel rose modestly this year as the incidence of signing bonuses declined.

    By Justin Bachman • June 14, 2024
  • Bags of frozen chicken with the Tyson logo sit in a Safeway store on Aug. 8, 2023
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    Anna Moneymaker via Getty Images
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    In interim CFO pick, Tyson draws on established finance creds

    The beleaguered chicken processor is leaning on a company veteran with nearly two decades of finance experience as interim CFO following John R. Tyson’s suspension.

    By June 14, 2024
  • A close up of a man in a blue suit with a multicolored tie gesturing while seated at a desk.
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    Drew Angerer via Getty Images
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    Microsoft president promises significant culture changes geared towards security

    Brad Smith detailed plans to tie compensation to security, as lawmakers raised new questions about the company’s commitment to transparency.

    By David Jones • June 14, 2024
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    Getty Images/Staff via Getty Images
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    40% of executives brace for ‘major’ reorganization, including layoffs: PwC

    Companies are reorganizing to fight margin pressure and planning moves that might require wide-ranging operating model changes, executives said.

    By June 12, 2024
  • Jerome Powell, testimony, U.S. House, Financial Services Committee
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    Win McNamee via Getty Images
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    Fed trims 2024 rate forecast to one cut, holds borrowing costs steady

    The Fed decision followed a report that inflation last month rose less than economists predicted and at the slowest pace since 2021.

    By June 12, 2024
  • A sign outside of a city building reads "Available" and "office/retail" as people walk by on the sidewalk
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    Justin Sullivan / Staff via Getty Images
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    Wells, PNC CFOs see office spaces leading CRE stress

    “Older office buildings that are not renovated in certain areas of different cities are the places that you’re seeing the most stress,” Wells Fargo CFO Mike Santomassimo said Tuesday.

    By Caitlin Mullen • June 12, 2024
  • Advantis Credit Union
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    Courtesy of JLL
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    Office fit-out cost growth downshifts to 2.7%: JLL

    While U.S. and Canadian workers are typically in the office just 3.1 days a week, employers are still spending more when building new space.

    By June 11, 2024
  • Exterior shot of federal building with eagle statue, tree branches
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    Alex Wong via Getty Images
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    Small business uncertainty rises as Fed mulls ‘higher-for-longer’ rates

    Fed officials in a meeting Wednesday will likely downgrade from three to two their median projection for the number of quarter-point cuts in the federal funds rate this year, according to futures traders and economists.

    By June 11, 2024
  • An IBM sign stands outside an IBM building May 10, 2005 in downtown Chicago, Illinois.
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    Tim Boyle / Staff via Getty Images
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    IBM’s Apptio unit tests AI tool trained to tackle rising IT costs

    The effort comes as many finance leaders are grappling with out-of-control cloud expenses.

    By June 11, 2024
  • legal team use of AI
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    Shutthiphong Chandaeng via Getty Images
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    Few companies report solid EBIT gains from rush into GenAI: McKinsey

    Seven out of 10 companies that use generative AI most effectively said they faced challenges in governing and integrating data, McKinsey said.

    By June 10, 2024
  • Two people sitting in front of computer screen, pointing at chart
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    Adobe Stock | Serhii

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    Sponsored by WilliamsMarston

    Navigating the IPO journey: Key preparation considerations for CFOs

    Market shifts call CFOs for an IPO preparation session.

    June 10, 2024
  • A person pets a dog as they sit at lawn table and do work on a laptop. They are in the yard of a Mediterranean villa.
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    Ross Helen via Getty Images
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    Quiet vacationing: What’s this summer work trend?

    The workers who are afraid of taking PTO have come up with a complicated solution to their anxieties.

    By Caroline Colvin • June 7, 2024
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    dblight via Getty Images
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    Heed Corporate Transparency Act despite legal cloud, experts say

    Passed in 2021, the law was designed to prevent bad actors from using legal entities to shield money laundering and other illicit activity.

    By Chris Gaetano • June 7, 2024
  • Aerial view of Walmart truck in front of storefront
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    Justin Sullivan via Getty Images
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    How big retailers are battling the last-mile delivery squeeze

    Walmart, Target and Kroger executives pointed to price and technology improvements that they are using to offset cost pressures.

    By June 7, 2024
  • Fingers hover over a computer keyboard with numbers on a screen, against a shadowy backdrop.
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    jariyawat thinsandee via Getty Images
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    Cyberattacks pose mounting risks to creditworthiness: Moody’s

    “As more data becomes available — thanks to recently adopted disclosure requirements — attacks continue to proliferate,” a Moody’s executive said.

    By June 5, 2024
  • Google and the Consortium of Cybersecurity Clinics are collaborating on an effort to train diverse students in cybersecurity.
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    Courtesy of Consortium of Cybersecurity Clinics
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    Few CFOs control cybersecurity budgets. Here’s why more should.

    Tech executives, not CFOs, most often call the shots on cybersecurity spending at middle market companies, according to a recent RSM US survey.

    By June 4, 2024
  • The words Federal Reserve engraved in a marble building with an eagle above.
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    Douglas Rissing via Getty Images
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    Forecasts for Fed rate cuts probably too optimistic, Summers says

    “I don’t think we’re on a convincing trajectory to the 2% inflation target” set by the Federal Reserve, Former Treasury Secretary Larry Summers said.

    By June 4, 2024
  • View of trees from corporate building
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    Fahroni via Getty Images
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    Most M&A buyers would pay 3% extra for a company with a good ESG profile

    ESG is playing a bigger role in dealmaking than ever before, Deloitte said.

    By June 3, 2024
  • Person shopping inside a Costco store.
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    Joe Raedle via Getty Images
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    Costco’s CFO calls $1.50 hot dog ‘safe’ in debut earnings call

    The retailer’s new finance chief Gary Millerchip is staying the course on the company’s popular $1.50 hot dog and soda combo pricing.

    By May 31, 2024
  • Computer Hacked, System Error, Virus, Cyber attack, Malware Concept. Danger Symbol. 3d rendering.
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    Getty Images via Getty Images
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    AI powers uptick in middle-market cyberattacks

    “While AI is available to the good guys it’s also available to the bad guys” and it is cutting the time it takes to mount a cyberattack, RSM’s Tauseef Ghazi said.  

    By May 30, 2024
  • A bronze sculpture of an eagle with a 16-foot wingspan adorns the outside of the Federal Reserve Bank of Atlanta.
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    Jens_Lambert_Photography via Getty Images
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    NY Fed President Williams forecasts hitting 2% inflation goal in 2026

    Price pressures will likely fall during the second half of 2024 as demand declines into better balance with supply, Williams said.

    By May 30, 2024