Strategy & Operations: Page 36


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    Courtesy of Farfetch
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    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
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    Justin Sullivan via Getty Images
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    Deep Dive

    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 Feb. 24, 2023
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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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    HowLettery via Getty Images
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    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
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    Alex Wong via Getty Images
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    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 Feb. 23, 2023
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    David Odisho via Getty Images
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    Opinion

    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
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    Joe Raedle via Getty Images
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    Mix of tech, vigilance helps thwart financial crimes

    Financial crime spans corporate across the board, and it is sound business practice to have something in place that says, ‘do we really know how money flows in and out,’ says Leslie Bailey.

    By Elizabeth Flood • Feb. 23, 2023
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    Alex Wong via Getty Images
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    Fed officials leaned toward more tightening, minutes show

    Policymakers on Feb. 1 favored more increases in the main interest rate. Since then data has indicated that inflation remains higher than anticipated.

    By Feb. 22, 2023
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    ‘Macro drivers’ blamed as Overstock.com revenues plummet

    The Salt Lake City, Utah-based home furnishings seller’s CEO said factors such as inflation contributed to its fourth quarter loss.

    By Feb. 22, 2023
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    Cara Salpini/CFO Dive
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    Foot Locker moves exec to interim CFO seat

    The New York-based sneaker retailer is still on the hunt for a permanent replacement for departing CFO Andrew Page.

    By Elizabeth Flood • Feb. 22, 2023
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    Employers to tweak, not ditch health perks

    Most companies are doubling down on offering expanded health-related benefits even as some firms have had difficulty gauging the return on their investments in the programs.

    By Feb. 21, 2023
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    Threat actors can use ChatGPT, too. Here’s what businesses should watch

    While IT departments seek enterprise applications, cyber teams must be on the lookout for attacks using the generative AI technology.

    By Lindsey Wilkinson • Feb. 21, 2023
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    CFO, CIO relationship key to optimize tech spend

    Nearly half of execs expect cyber attacks on financial data to increase in 2023, but the majority of finance leaders don't have consistent communication with their CIO to mitigate this risk.

    By Elizabeth Flood • Feb. 21, 2023
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    Justin Sullivan via Getty Images
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    Hasbro profits take hit amid ‘challenging’ climate

    The company’s disappointing fourth-quarter revenues highlight the ongoing risks that inflation poses to the bottom lines of many U.S. companies.

    By Feb. 17, 2023
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    Accounting firms zero in on efficiences

    The narrative has changed this year, with the drive for efficiency replacing talent as the top priority for accounting firms. 

    By Elizabeth Flood • Feb. 17, 2023
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    CEOs expect recession but pessimism eases from Q4

    The Conference Board found in a survey that the outlook among CEOs has brightened compared with the final three months of last year.

    By Feb. 17, 2023
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    Opinion

    Financial services, Black America and the evolution of DEI

    Despite the rise of corporate diversity initiatives, Christopher Johnson writes systemic hurdles still keep many minorities from working in finance.

    By Christopher Johnson • Feb. 17, 2023
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    Permission granted by Visa
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    Visa CFO to exit

    Vasant Prabhu, the company’s chief financial officer since 2015, will leave Visa in September, the company said Thursday.

    By Caitlin Mullen • Feb. 17, 2023
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    Joe Raedle via Getty Images
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    Paymentus hands interim CFO severance benefits

    The company called the severance benefits’ approval a formality. But one expert said it is likely a retention strategy designed to encourage the interim CFO to “stick around.” 

    By Feb. 16, 2023
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    A one-way ticket to ServiceNow’s CFO seat

    From heartbreak to the financial helm, Gina Mastantuono has had her fair share of pivotal challenges on her way to the top.

    By Elizabeth Flood • Feb. 16, 2023
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    KPMG cuts nearly 2% of US staff

    KPMG’s layoffs affect close to 700 U.S. workers in the Big Four firm’s advisory business, according to a source familiar with the matter. The employees were notified Wednesday. 

    By Feb. 16, 2023
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    William Potter via Getty Images
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    FASB votes to finalize lease accounting relief

    The proposed changes to lease accounting guidance are relatively narrow, but they are one of a number of standard updates that FASB has in the works.  

    By Feb. 15, 2023
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    Inflation tops concerns weighing on CFOs

    Amid economic uncertainty, financial forecast accuracy, liquidity, cash flow, and capital structure will be among top priorities for CFOs this year, according to a study.

    By Feb. 15, 2023
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    Strategizing tech investments key for ROI: Coupa CFO

    As AI evolutions make their way into the finance function, Tony Tiscornia shares why CFOs should focus on the quickest ‘bang for your buck’.

    By Elizabeth Flood • Feb. 15, 2023
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    Justin Sullivan / Staff via Getty Images
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    Marriott CFO says wage pressures have moderated

    As pandemic restrictions loosened and travel resumed, many lodging companies have struggled to staff hotels, with some cutting back housekeeping.

    By Feb. 14, 2023
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    Rapid inflation persists as Fed officials favor higher rates

    Federal Reserve policymakers have recently voiced particular concern for persistently high gains in prices for services excluding housing.

    By Feb. 14, 2023