Strategy & Operations: Page 33


  • A Bed Bath & Beyond sign against a blue sky with puffy white clouds.
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    Daphne Howland/CFO Dive
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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 April 6, 2023
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    Anna Moneymaker / Staff via Getty Images
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    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
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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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    crbellette via Getty Images
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    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 April 5, 2023
  • A Chevrolet Volt extended-range electric vehicle
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    Bill Pugliano via Getty Images
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    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 April 5, 2023
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    claffra via Getty Images
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    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 April 4, 2023
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    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 April 4, 2023
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    WhataWin via Getty Images
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    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
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    Olivier Le Moal via Getty Images
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    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 April 4, 2023
  • Trump Organization Ex-CFO Allen Weisselberg's Criminal Tax Fraud Trial Continues
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    Nichael M. Santiago / Staff via Getty Images
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    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 April 3, 2023
  • Consumer looks at window sticker on car with pricing information.
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    Tim Boyle via Getty Images
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    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 April 3, 2023
  • Street signs for the intersection of Wall St. and Broad St., with the stripes of an American flag in the background.
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    Michael Santiago/Getty Images via Getty Images
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    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 March 31, 2023
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    Bruce Bennett via Getty Images
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    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 March 30, 2023
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    Alex Wong via Getty Images
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    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 March 29, 2023
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    NicoElNino via Getty Images
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    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 March 29, 2023
  • Angela Pierce, CFO at Anaconda
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    Permission granted by Anaconda
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    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
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    Viorika via Getty Images
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    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
  • Ransomware virus has encrypted data. Attacker is offering key to unlock encrypted data for money.
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    vchal via Getty Images
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    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 March 28, 2023
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    Stock photo via Getty Images
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    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 March 28, 2023
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    Courtesy of Nikola
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    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
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    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
  • Image of magnifying glass and the word audit beneath it.
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    Olivier Le Moal via Getty Images
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    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
  • Barista at Luckin Coffee shop.
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    Getty Images via Getty Images
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    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 March 24, 2023
  • U.S. economy contracted for second consecutive quarter
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    Baris-Ozer via Getty Images
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    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 March 24, 2023
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    fizkes via Getty Images
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    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
  • Papers about ESG Environmental, Social and Corporate Governance and notepad.
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    designer491 via Getty Images
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    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 March 23, 2023