Strategy & Operations: Page 33
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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 -
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 -
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 -
Esker, HighRadius top C2C software rankings
Esker, HighRadius and FIS Global surpassed modern C2C software industry peers such as Billtrust, BlackLine, and Cforia in a study by the Hackett Group.
By Alexei Alexis • April 4, 2023 -
Ex-Trump CFO, facing fresh legal pressure, swaps attorneys
The legal turmoil still swirling around the Trump Organization’s former CFO shows just how closely intertwined a finance chief’s fate is with that of the organizations they serve.
By Maura Webber Sadovi • April 3, 2023 -
Marketers, pricers are out of sync on inflation strategy
CFOs have major decision power when it comes to developing pricing — the fastest lever companies can pull to adjust to inflation, Revionics’ Matt Pavich says.
By Suman Bhattacharyya • April 3, 2023 -
IPO proceeds slump 61% amid risk of credit squeeze: EY
Turbulence in the banking system will likely tighten a credit squeeze and worsen a downturn in initial public offerings.
By Jim Tyson • March 31, 2023 -
Bed Bath & Beyond files to raise $300M in market
In spite of the struggling retailer’s creative efforts to raise capital, Morningstar analysts wrote Thursday that they still expect the firm to eventually declare bankruptcy.
By Maura Webber Sadovi • March 30, 2023 -
Business spending outlook ‘deteriorated’: Fed CFO survey
CFOs were planning to reduce expenditures before turmoil in the banking system threatened to provoke a credit tightening.
By Jim Tyson • March 29, 2023 -
FASB maps ‘one-stop shop’ expense disclosure proposal
The proposed expense disclosures could be costly for companies. The FASB has been considering the more stringent standards for at least two decades.
By Maura Webber Sadovi • March 29, 2023 -
Deep Dive
Women CFOs: Raising their hands
From promotions amid pregnancies, fake engagement rings and surprise opportunities, these women leaders have faced highs and lows on their way to finance leadership.
By Elizabeth Flood • March 29, 2023 -
CFO churn persists with FleetCor, Corcentric
Payments companies FleetCor and Corcentric are the latest to name new CFOs as churn in the industry continues.
By Elizabeth Flood • March 29, 2023 -
Experts warn against ransomware complacency
Despite reports of fewer ransomware-related cyber insurance claims and decelerating premiums in 2022, experts say the threat is still serious and evolving.
By Alexei Alexis • March 28, 2023 -
PCAOB proposes updated standards, faster audit filing
The audit watchdog aims to update and unify interim standards created 20 years ago, aligning its rules with new independence requirements and advances in technology.
By Jim Tyson • March 28, 2023 -
Embattled EV maker Nikola promotes insider to CFO
The EV maker’s CFO is stepping down following managerial turmoil in recent years.
By Elizabeth Flood • March 28, 2023 -
Q&A
Bank failures could cause SMB credit crunch
“The current banking crisis could directly lead to a small business crisis if they are not able to quickly access the capital they need to sustain and expand their operations,” Biz2Credit’s CEO said.
By Anna Hrushka • March 28, 2023 -
Talent shortage frustrates internal auditors
As AI swiftly extends the finance function’s potential for efficiency, audit leaders are concerned about the lack of skilled workers to support new advancements.
By Elizabeth Flood • March 27, 2023 -
Luckin Coffee’s ‘revenue reckoning’ takeaways
The Beijing-based company was initially viewed as a kind of David poised on its home turf to take on the Goliath of the coffee world — Starbucks — in China.
By Maura Webber Sadovi • March 24, 2023 -
Banking turmoil may trigger recession: Fannie Mae
Small- and mid-size banks will likely tighten credit in the coming months, increasing the odds of a downturn this year, economists said.
By Jim Tyson • March 24, 2023 -
Hindsight 2020: An unlikely road to Snowflake’s CFO seat
From a travel excursion to Italy to uncovering massive fraud, Mike Scarpelli had his fair share of challenges on his way to the CFO seat.
By Elizabeth Flood • March 23, 2023 -
ESG poised to gain traction as CFO priority: Gartner
Many organizations are shifting away from a purely “risk management” approach to ESG and are viewing it as a way to attract customers, investors and talent — a trend that will only increase in coming years, according to Gartner.
By Alexei Alexis • March 23, 2023