Rate hedging for non-bank CFOs

Many firms don’t have exposure to the longer-duration government bonds that hammered Silicon Valley Bank. But there are other rate risks to guard against.

By Maura Webber Sadovi • April 17, 2023

Credit squeeze likely to trigger recession: IACPM

Federal Reserve economists cited banking turmoil and predicted a mild downturn later this year.

By Jim Tyson • April 14, 2023

Explore the 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

Accountants demand change or else

Rethinking the future of accounting could persuade some of the over two-thirds of accountants who may want to leave the profession to stay put, according to FloQast’s CEO.

By Elizabeth Flood • April 14, 2023

Why CFOs eyeing IPOs must prep now

While many companies have put public listing plans on pause, CFOs would be wise to get ready now for when the IPO window reopens, Nick Theos writes. 

By Nick Theos • April 14, 2023

Harley-Davidson CFO to take Hasbro’s helm

Gina Goetter will transition from motorcycles to Monopoly as she takes on a new CFO role at Hasbro. The toy company is set to cut 15% of its workforce this year.

By Elizabeth Flood • April 13, 2023

CFOs need public/private funding mix to bridge ESG financing gaps

Finance leaders need access to multiple types of capital to finance their companies’ environmental, social, and governance goals, Ana Carolina Oliveira writes. 

By Ana Carolina Oliveira • April 13, 2023

Rent the Runway names new CFO as it slogs toward profitability

The apparel rental service narrowed its losses in Q4, with revenue and active subscribers up from last year.

By Daphne Howland • April 13, 2023

How to pull off an amicable ‘business divorce’

The halted Ernst & Young split highlights some of the challenges that all firms face when long-term business partners go their separate ways. 

By Maura Webber Sadovi • April 12, 2023

Core inflation edges up, bolstering case for Fed tightening

Higher interest rates have not cooled consumer spending, economic growth and the labor market as quickly as expected, San Francisco Fed President Mary Daly said.

By Jim Tyson • April 12, 2023

EY split hits wall

Back in September, the Big Four accounting firm announced plans to split its auditing and consulting arms into two entities. Now, ‘Project Everest’ has been halted.

By Elizabeth Flood • April 12, 2023

Ex-Twitter CEO, CFO’s suit may find Delaware law favorable

Chancery Court has a history favoring bylaw provisions requiring companies to pay executives’ legal costs even when they no longer work for the company.   

By Robert Freedman • April 11, 2023

Small businesses see credit tightening: NFIB

Banking system instability has triggered a pullback in credit and shaken confidence among small businesses, the NFIB found in a survey.

By Jim Tyson • April 11, 2023

Berkshire Hathaway veterans take Pilot’s CFO, CEO seats

Just under three months after Warren Buffett’s firm became the travel center giant’s majority owner, longtime Berkshire Hathaway executives are taking the helm at Pilot.

By Elizabeth Flood • April 11, 2023

Ledge seizes on SVB crisis with multi-bank offering

The Israeli finance tech startup decided to expedite the rollout of its new treasury management tool after the collapse of Silicon Valley Bank.

By Alexei Alexis • April 11, 2023

SVB shareholder suit cites KPMG’s ‘silent’ audit

The new SVB shareholder lawsuit shines a light on KPMG’s February audit that effectively gave the bank a clean bill of health about two weeks before its collapse.

By Maura Webber Sadovi • April 10, 2023

Is your finance team ready for ESG?

ESG mandates will require a strategic approach that takes into consideration areas previously far outside the CFO remit – from supply chain to human resources and engineering.

By Daniel Chow, Principal, Senior Financial Specialist, Aptitude Software • April 10, 2023

Key considerations for CFOs when exploring convertible debt

As companies look to raise capital or refinance debt in a higher interest rate environment, one option more CFOs are considering is convertible debt.

By David A. Brown and Daniel Josephs • April 10, 2023

Why CFOs must take inventory reins

The people responsible for bloated inventory levels don’t all sit in factories and warehouses, Ernst & Young’s Peter Kingma writes. 

By Peter Kingma • April 7, 2023

Bed Bath & Beyond inks $120M inventory deal

While battling to stave off bankruptcy on multiple fronts, the Union, N.J.-based retailer-is also struggling to keep shelves stocked and vendors paid.

By Maura Webber Sadovi • April 6, 2023

Using a disciplinary matrix to tie compensation to compliance

A good way to earn DOJ cooperation credit is to be clear on paper what violations will result in a pay reduction or clawback, a Morgan Lewis partner says. 

By Robert Freedman • April 6, 2023

Fed officials signal more tightening than investors forecast

A credit squeeze following recent banking system turmoil may prompt policymakers to reduce the main interest rate before the end of 2023, according to investors.

By Jim Tyson • April 5, 2023

5,000 GM workers opt for buyout plan, CFO says

The company buyout is part of a GM program aimed at cutting costs by $2 billion by the end of 2024 while avoiding layoffs.

By Alexei Alexis • April 5, 2023

Slump in jobs, manufacturing suggest economy softening

Turmoil in the banking system may lead to a tightening in credit, weaker manufacturing and reduced hiring.

By Jim Tyson • April 4, 2023

Sirius XM promotes controller to CFO

The New York City-based satellite radio company has named a new CFO just under a month after it reduced its workforce by 8%.

By Maura Webber Sadovi • April 4, 2023

Cyberattacks hit almost all companies last year, Sophos says

A constant barrage of malicious activity has organizations reeling, negatively impacting their ability to accomplish IT projects or dedicate time to strategic issues.

By Matt Kapko • April 4, 2023