Strategy & Operations: Page 23
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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 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 Suman Bhattacharyya • Aug. 4, 2023 -
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 -
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 Jim Tyson • Aug. 4, 2023 -
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 Grace Noto • Aug. 4, 2023 -
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 -
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 Jim Tyson • Aug. 3, 2023 -
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 -
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 Jim Tyson • Aug. 2, 2023 -
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 Maura Webber Sadovi • Aug. 2, 2023 -
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 Maura Webber Sadovi • Aug. 1, 2023 -
Banks plan to tighten credit: Fed
Despite greater caution among banks, economic growth accelerated during the second quarter.
By Jim Tyson • Aug. 1, 2023 -
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 Maura Webber Sadovi • July 31, 2023 -
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 -
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 -
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 Alexei Alexis • July 28, 2023 -
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 Maura Webber Sadovi • July 27, 2023 -
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 Maura Webber Sadovi • July 25, 2023 -
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 -
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 Maura Webber Sadovi • July 25, 2023 -
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 -
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 Alexei Alexis • July 25, 2023 -
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 Suman Bhattacharyya • July 24, 2023 -
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 Maura Webber Sadovi • July 24, 2023 -
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 -
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 Jim Tyson • July 21, 2023