Strategy & Operations: Page 23


  • A sign is posted in front of a Tesla service center on April 20, 2022 in Fremont, California.
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    Justin Sullivan via Getty Images
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    Tesla CFO, ‘Master of Coin,’ resigns after 13 years with company

    The automaker’s chief accounting officer, Vaibhav Taneja, took over on Aug. 4, replacing Zachary Kirkhorn. 

    By Eric Walz • Aug. 7, 2023
  • CVS storefront
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    Scott Olson via Getty Images
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    CVS ties customer experience to compensation

    How customers perceive a brand based on every interaction with it should be measured across multiple lines of business, CVS Health’s Srikant Narasimhan said.   

    By Aug. 4, 2023
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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
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    martin_33 via Getty Images
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    Record number of ESG shareholder proposals go to a vote

    As of June 30, approval rates for shareholder proposals focused on environmental and social issues fell compared to all of 2022, Diligent Market Intelligence said.

    By Aug. 4, 2023
  • Businessman holding a digital chatbot
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    ipopba via Getty Images
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    With generative AI, start with the basics, EY tells CFOs

    CFOs facing the generative AI learning curve should take a two-pronged approach to its deployment, EY’s Mike Kelly advises.

    By Aug. 4, 2023
  • Header image for "Global M&A Deal Value Down 15% in First Half"
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    Getty Images via Getty Images
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    M&A slump raises bar for seller CFOs

    The mergers and acquisitions boom is long over. The best CFOs are cleaning up their books and arming their CEOs with key data to win offers anyway.

    By Chris Gaetano • Aug. 3, 2023
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    MangoStar_Studio via Getty Images
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    CPA firms facing talent shortage hike starting salaries 14%

    Many accounting firms lacking qualified staff have had to turn away work, according to alliantTalent.

    By Aug. 3, 2023
  • UPS employee loading a drone
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    Courtesy of UPS Press Kit
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    UPS-Teamsters deal: 8 highlights in tentative contract

    Here’s a deeper look at the planned changes shippers and businesses that rely on UPS can expect, including less reliance on the U.S. Postal Service and a bargaining process for drone use.

    By Max Garland • Aug. 3, 2023
  • Double exposure image of coin stacks on technology financial graph background.Economy trends background for business ,financial meltdown ,Cryptocurrency digital economy.
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    Getty Images via Getty Images
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    CFOs see brighter economic prospects: survey

    Optimism in the economic outlook is far stronger in North America than in Europe and Asia, according to two accounting organizations.

    By Aug. 2, 2023
  • A worker cleans a sign in front of the Uber headquarters on May 18, 2020 in San Francisco, California.
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    Justin Sullivan / Staff via Getty Images
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    Uber confirms long-time CFO’s exit

    CFO Nelson Chai will depart from the ride-share company next year as Uber continues to focus on profitable growth. It reported its first-ever quarterly GAAP operating profit Tuesday.

    By Aug. 2, 2023
  • A photo of the San Francisco skyline.
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    Justin Sullivan via Getty Images
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    CBRE sees office vacancy peaking at 19.7% next year

    The office slump is giving budget-conscious tenants more clout as rents are softening — even in pricey markets like San Francisco and Boston.

    By Aug. 1, 2023
  • Declining arrow on cash stack
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    mphillips007 via Getty Images
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    Banks plan to tighten credit: Fed

    Despite greater caution among banks, economic growth accelerated during the second quarter.

    By Aug. 1, 2023
  • Here’s how CFOs can use the data collected by other business units to improve forecasts, report on metrics, and form long-term financial strategies.
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    Getty Images via Getty Images
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    Trintech CFO taps ‘club’ loan for $230M Fiserv deal

    “The M&A market has had a lull but for us this is the right time and we were able to find the right asset,” Trintech CFO Omar Choucair told CFO Dive. 

    By July 31, 2023
  • Header image for "Private Equity's 2022 Game Plan"
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    Getty Images via Getty Images
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    Opinion

    It’s time for family-owned firms to put private equity on the table

    Well-publicized cases of bad behavior have fueled certain biases against private equity. But family-owned businesses shouldn’t ignore the financial lifeline that PE can offer, Bob Goldsmith argues.

    By Bob Goldsmith • July 31, 2023
  • A Woman in Plaid Blazer Using Her Laptop
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    Photo by Tima Miroshnichenko from Pexels

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    Workers say surveillance makes them less productive — if they even know about it

    While employers have sought surveillance to improve remote productivity, various studies and surveys indicate that such monitoring could be counterproductive.

    By Kathryn Moody • July 31, 2023
  • Binary code abstract background with US $100 dollar banknotes.
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    Viorika via Getty Images
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    Cybersecurity, IT top CFOs’ spending hike list

    AI in particular has caught CFOs’ eyes as a potential game changer in a number of areas, including content creation and summarization, according to Grant Thornton.

    By July 28, 2023
  • Image of customers shopping in a Bed Bath & Beyond store with sale signs visible.
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    Joe Raedle via Getty Images
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    Bed Bath & Beyond’s Etlin: Lessons for CFOs staring down bankruptcy

    With the messy task of closing hundreds of Bed Bath & Beyond stores poised to be completed this month, the home-goods retailer’s Holly Etlin reflects on her role as a kind of “uber CFO.”

    By July 27, 2023
  • Ruth Porat
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    Phillip Faraone via Getty Images
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    Alphabet’s ‘longest-serving’ CFO Ruth Porat pivots to new role

    One of Silicon Valley’s highest-profile CFOs, Ruth Porat is stepping down from the tech giant’s top finance position after eight years to become president and chief investment officer.

    By July 25, 2023
  • A view of the Marriner S. Eccles Federal Reserve building.
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    Anna Moneymaker via Getty Images
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    Opinion

    How CFOs and businesses can get (or stay) ahead of rising rates

    The Federal Reserve is widely expected to raise the benchmark rate again this week. Finance executives must adjust their strategies, PwC’s Wes Bricker asserts.

    By Wes Bricker • July 25, 2023
  • A Bath and Body Works storefront
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    Cara Salpini/CFO Dive
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    Bath & Body Works picks CVS, Merck alum for CFO

    Eva Boratto joins the Columbus, Ohio-based personal products maker — long a familiar storefront inside many retail properties — as it shifts away from malls.

    By July 25, 2023
  • A UPS worker delivers packages on December 26, 2013 in Chicago, Illinois.
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    Scott Olson/Getty Images via Getty Images
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    UPS, Teamsters reach tentative agreement on national contract

    The tentative deal is a welcome development for the shippers and businesses that rely on UPS. The agreement still needs to be reviewed and voted on by union-represented employees.

    By Max Garland • July 25, 2023
  • A robot works with boxes on a conveyor belt in a warehouse.
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    imaginima via Getty Images
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    Warehouse automation expected to pick up after hitting ‘rock bottom’

    E-commerce and warehouse construction activity are showing signs of recovery, which could lead to increased demand for automation tools, according to Interact Analysis.

    By July 25, 2023
  • 100 dollar bills with green streaks spiraling around them and 0s and 1s in the background
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    Viorika via Getty Images
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    Six ways FedNow may affect businesses’ cash flow

    Touted as the biggest upgrade to the U.S. government’s payment system in 50 years, FedNow launched Thursday. CFOs need to get ready for it.

    By July 24, 2023
  • A Zaxby's logo used for the chicken chain.
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    Glenn, Miles. (2022). "Zaxby's" [Photograph]. Retrieved from Flickr.
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    Zaxby’s snaps up Dollar General, Yum Brands alum for CFO

    Donny Lau was named finance chief of the Athens, Georgia-based chicken chain which aims to grow well beyond its Southern roots. It has locations in 17 states.

    By July 24, 2023
  • Money moving through cyberspace.
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    Viorika via Getty Images
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    Investigations are causing data breach costs to skyrocket, IBM finds

    Organizations are under mounting pressure to conduct more thorough investigations as the complexity of data breaches grow.

    By Matt Kapko • July 24, 2023
  • Save money concept.Cutting costs. Financial themes.US$100 US Dollars. Economic crisis, deflation.Financial constraints.Cut budget inputs.Discounted products
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    Huang Evan via Getty Images
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    Companies cut costs as rates rose: S&P

    U.S. companies with comparatively weak balance sheets trimmed costs less during the first quarter than their counterparts with investment grade ratings, S&P said.

    By July 21, 2023