Strategy & Operations: Page 35


  • An SVB sign stands outside the bank's headquarters.
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    Justin Sullivan via Getty Images
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    Regulators take over Silicon Valley Bank

    The California Department of Financial Protection and Innovation closed the embattled bank and appointed the FDIC as receiver, regulators said Friday.

    By Anna Hrushka • March 10, 2023
  • Customers enter a Walmart store in San Leandro, California.
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    Justin Sullivan via Getty Images
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    Walmart bets on digital retail future, CFO says

    The retail giant is focusing on in-store technology and logistics improvements and positioning stores as distribution points for online shopping.

    By March 9, 2023
  • Help wanted sign in front of store front. Explore the Trendline
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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
  • An image of the sign for Allstate Insurance
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    Bruce Bennett/Getty via Getty Images
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    Allstate focused on profitability first, growth second

    CFO Jess Merten outlined the company’s strategy as its largest competitors take an opposite approach.

    By Elizabeth Flood • March 9, 2023
  • Picture of a cybersecurity lock
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    iStock via Getty Images
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    CrowdStrike revenue soars amid high cyber demand

    The cybersecurity company reported record financial results in spite of macroeconomic headwinds.

    By March 8, 2023
  • Federal Reserve Chair Jerome Powell.
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    Scott Olson via Getty Images
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    Powell testimony fuels expectations of half-point Fed rate hike

    Fed Chair Jerome Powell told a House committee Wednesday that the central bank is concerned about persistent price pressures and is determined to reduce inflation to its 2% target.

    By March 8, 2023
  • A cardboard box with a round light-blue logo and the words "Stitch Fix" leans against a bright yellow door.
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    Courtesy of Stitch Fix
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    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
  • Jerome Powell, testimony, U.S. House, Financial Services Committee
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    Win McNamee via Getty Images
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    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 March 7, 2023
  • The letters AI on a digital block
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    BlackJack3D via Getty Images
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    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 March 7, 2023
  • glasshouse weed farm in california
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    Permission granted by Glasshouse Farms
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    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 March 7, 2023
  • Screen showing rising interest rates.
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    Torsten Asmus via Getty Images
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    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
  • Person uses credit card to buy online
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    Nastasic via Getty Images
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    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 March 6, 2023
  • An illustration of chat bubbles
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    filo via Getty Images
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    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
  • Analyst working with business analytics and data management system to generate report with metrics.
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    NicoElNino via Getty Images
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    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 March 6, 2023
  • Piling student debt
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    Darren415 via Getty Images
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    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
  • Carvana
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    "Carvana" by Elephanthunter is licensed under CC BY-SA 4.0
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    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 March 2, 2023
  • Double exposure of coin stack and notebook laptop computer with financial graph on white paper business planning vision and finance analysis concept
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    pookpiik via Getty Images
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    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
  • Warren Buffett
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    Chris Somodevilla via Getty Images
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    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 March 1, 2023
  • Business executive breaks pencil after error.
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    Ablestock via Getty Images
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    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 Pharmacy sign logo
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    Joe Raedle via Getty Images
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    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 Feb. 28, 2023
  • A person carrying a tote bag looks at items on a grocery store shelf
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    Brandon Bell via Getty Images
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    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 Feb. 28, 2023
  • Construction worker onsite
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    Courtesy of Associated Builders and Contractors
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    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 Feb. 27, 2023
  • Office workstation top view of business people working around M&A, keyboard, calculator, phablet and money on wooden table
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    Atstock Productions via Getty Images
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    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 Feb. 27, 2023
  • Full length shot of a group of businesspeople waiting in line for their interviews
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    Cecilie_Arcurs via Getty Images
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    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
  • Pile of different paper currencies.
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    Artifacts Images via Getty Images
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    Sponsored by Protiviti

    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
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    Adeline Kon for Cybersecurity Dive/CFO Dive
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    Q&A

    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 Feb. 24, 2023