Stitch Fix CFO to exit as declines persist

Dan Jedda, who came from Amazon about two years ago, in May will become chief financial officer at Roku, as the box e-retailer continues its CEO search.

By Daphne Howland • March 8, 2023

Powell says Fed may hike rates more than forecast

Fed Chair Jerome Powell told a Senate committee that reducing inflation to the central bank’s 2% target may not lead to widespread layoffs.

By Jim Tyson • March 7, 2023

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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

Brex offers ChatGPT-style CFO tools

The announcement comes as interest in ChatGPT is rapidly gaining momentum, even as some worry about potential privacy and security risks.

By Alexei Alexis • March 7, 2023

Scotts still targeting cannabis sector, CFO says

The over 150-year-old company — better known for its lawn and garden products — has become one of the biggest players in the emerging cannabis market.

By Maura Webber Sadovi • March 7, 2023

Bank, finance leaders brace for rate volatility

The majority of leaders at financial institutions say interest rates will drive business model guidance this year but few are leveraging financial data to support these changes.

By Elizabeth Flood • March 7, 2023

Paymentus picks ex-TiVo exec for CFO

The electronic billing and payment company’s CFO hire comes less than a month after it handed a change in control and severance agreement to its then interim CFO.

By Maura Webber Sadovi • March 6, 2023

Generative AI a ‘game-changer’ but businesses are worried about the ethics

Most executives plan to prioritize generative AI over the next year and a half, Salesforce research shows.

By Roberto Torres • March 6, 2023

Software firm Ramp closes $5M seed round

The funding will help with hiring additional staff and onboarding new clients, the company’s CEO told CFO Dive.

By Alexei Alexis • March 6, 2023

Sallie Mae CFO enters retention plan

The private student loan provider is on the hunt for a new CFO as the Biden administration’s forgiveness program is on hold.

By Elizabeth Flood • March 6, 2023

Auto insurer Root fires CFO

The Columbus, Ohio-based insurer Root, which has a history of net losses, partnered with online used-car retailer Carvana in 2021. 

By Maura Webber Sadovi • March 2, 2023

Unlocking the ‘right’ combination to digital transformation

Only 34% of large companies showed signs of being strategic about their technology investments in financial disclosures, according to a recent report from Deloitte.

By Elizabeth Flood • March 2, 2023

Doth Buffett protest GAAP too much?

Warren Buffett — CEO of Berkshire Hathaway and one of the world’s most renowned investors — didn’t disappoint fans of his folksy, acerbic writing in his latest shareholder letter. 

By Maura Webber Sadovi • March 1, 2023

Accounting talent crunch persists

As accountants and CPAs increasingly battle with burnout, the pool of talent for the industry is getting smaller.

By Elizabeth Flood • March 1, 2023

Walgreens shrinks headquarters, cites hybrid work

Many CFOs are cutting costs by shrinking their real estate footprint as they adjust to changing needs of their hybrid workforces.

By Maura Webber Sadovi • Feb. 28, 2023

Consumer confidence sags on outlook for economy, wages

Although emboldened in January by a hot job market, U.S. households may begin to trim spending amid rising prices and borrowing costs, the Conference Board said.

By Jim Tyson • Feb. 28, 2023

Economists push back estimated recession date: NABE

Data on the housing market, employment, manufacturing and other measures of economic performance challenge predictions of imminent recession.

By Jim Tyson • Feb. 27, 2023

Merger filing fee hikes go into effect

The influx of new revenue for the FTC and DOJ could mean increased scrutiny of merger transactions but is unlikely to deter dealmaking, according to antitrust lawyers.

By Alexei Alexis • Feb. 27, 2023

Avoiding operational lag in hiring plans

Midsize businesses are still looking to grow headcount despite macroeconomic challenges, but in order to do so effectively, they need to have a thorough headcount management plan in place, according to TeamOhana’s CEO.

By Elizabeth Flood • Feb. 27, 2023

6 reasons to reconsider cost optimization

CFOs can remind business leaders that they have more cost optimization strategies to consider.

By Shawn Seasongood • Feb. 27, 2023

CFOs to get some cyber insurance relief: Fitch’s Glombicki

While premiums are still rising, the pace has slowed compared to previous years when ransomware attacks were at their peak.

By Alexei Alexis • Feb. 24, 2023

FarFetch CFO to exit in 2023

The London-based luxury fashion retailer is hunting for a successor as CFO Elliot Jordan is poised to depart after eight years.

By Elizabeth Flood • Feb. 24, 2023

Standard-setters consider softer start to climate risk disclosure

A backlash against proposals to require detailed corporate reporting on climate risk may compel more gradual application of the rules.

By Jim Tyson • Feb. 24, 2023

Without governance, more software spending can create more problems

Understanding how vendors update their products can help CIOs keep track of capability gaps and avoid overlaps.

By Lindsey Wilkinson • Feb. 24, 2023

3 currency hedging lessons learned

The U.S. dollar has eased off a two-decade high hit in September. U.S. Bank’s Paula Comings is still advising companies to revisit their hedging policies.

By Maura Webber Sadovi • Feb. 23, 2023

Six steps CFOs communicating layoffs should take

Layoffs are painful. Finance chiefs need to prepare in order to avoid missteps and ensure their approach to staff cuts is as empathetic and transparent as possible.

By Cassandra M. Bailey • Feb. 23, 2023