SVB Financial Group’s CEO, CFO resign

The former Silicon Valley Bank parent did not name a replacement for the CEO role, but said Nicholas Grossi, managing director of advisory firm Alvarez & Marsal, will serve as the company’s interim CFO.

By Anna Hrushka • April 24, 2023

Research, interest deduction changes bedevil tax filers

Two provisions of the 2017 Tax Cuts and Jobs Act that went into effect last year are still catching some finance leaders off guard.

By Maura Webber Sadovi • April 21, 2023

Explore the Trendline➔

Digital transformation, one smart step at a time

As pricing pressures tighten margins and technologies like artificial intelligence evolve, finance chiefs are more closely scrutinizing the cost and returns of the tech tools they implement.

By CFO Dive staff

To keep pace with healthcare costs, data is key

For CFOs managing both company costs and their employees’ wellbeing, having access to the right data to make strategic healthcare decisions is essential.

By Grace Noto • April 21, 2023

IBM leans on AI, hybrid cloud as infrastructure business stalls

“We've been digitally transforming IBM, much in the same way we're helping our clients with their transformation,” CFO James Kavanaugh said during a Q1 2023 earnings call.

By Matt Ashare • April 20, 2023

Half of global workers open to leaving jobs: study

Thirty percent of businesses are experiencing “value drag,” with employees feeling disengaged and looking to leave, and another 18% are in a “value risk” state, where business value is at significant risk, according to the research.

By Alexei Alexis • April 20, 2023

Automaker Stellantis taps Adidas alum to replace longtime CFO

The multinational automaker is replacing its longtime CFO Richard Palmer with Adidas alum Natalie Knight.

By Elizabeth Flood • April 20, 2023

3 CFOs talk shifting ESG headwinds

The nuanced picture that three CFOs painted Tuesday of the business case for ESG sharply contrasted with the backlash that has roiled the public debate recently.

By Maura Webber Sadovi • April 19, 2023

Flexibility still king for workers: Report

Despite a labor market resurgence in March, nearly half (47%) of those in the workforce are still highly concerned about what a downturn may mean for their job security and finances, the April Workforce from iCIMS said.

By Elizabeth Flood • April 19, 2023

EY to lay off 3,000 workers after split craters

A week after “Project Everest” was halted, the Big Four firm is slashing its workforce.

By Elizabeth Flood • April 18, 2023

4 CFO tips for demystifying AI hype

Innovation in AI has prompted talk of a coming technological leap as profound as the creation of the internet. It has also sparked anxiety. CFOs need to navigate past the hype and fear.

By Jim Tyson • April 17, 2023

Zepto names CoinSwitch alum as CFO ahead of IPO

The India-based grocery delivery service hired Ramesh Bafna as its next CFO. The company plans to go public in the next two years.

By Elizabeth Flood • April 17, 2023

Rate hedging for non-bank CFOs

Many firms don’t have exposure to the longer-duration government bonds that hammered Silicon Valley Bank. But there are other rate risks to guard against.

By Maura Webber Sadovi • April 17, 2023

Credit squeeze likely to trigger recession: IACPM

Federal Reserve economists cited banking turmoil and predicted a mild downturn later this year.

By Jim Tyson • April 14, 2023

Accountants demand change or else

Rethinking the future of accounting could persuade some of the over two-thirds of accountants who may want to leave the profession to stay put, according to FloQast’s CEO.

By Elizabeth Flood • April 14, 2023

Why CFOs eyeing IPOs must prep now

While many companies have put public listing plans on pause, CFOs would be wise to get ready now for when the IPO window reopens, Nick Theos writes. 

By Nick Theos • April 14, 2023

Harley-Davidson CFO to take Hasbro’s helm

Gina Goetter will transition from motorcycles to Monopoly as she takes on a new CFO role at Hasbro. The toy company is set to cut 15% of its workforce this year.

By Elizabeth Flood • April 13, 2023

CFOs need public/private funding mix to bridge ESG financing gaps

Finance leaders need access to multiple types of capital to finance their companies’ environmental, social, and governance goals, Ana Carolina Oliveira writes. 

By Ana Carolina Oliveira • April 13, 2023

Rent the Runway names new CFO as it slogs toward profitability

The apparel rental service narrowed its losses in Q4, with revenue and active subscribers up from last year.

By Daphne Howland • April 13, 2023

How to pull off an amicable ‘business divorce’

The halted Ernst & Young split highlights some of the challenges that all firms face when long-term business partners go their separate ways. 

By Maura Webber Sadovi • April 12, 2023

Core inflation edges up, bolstering case for Fed tightening

Higher interest rates have not cooled consumer spending, economic growth and the labor market as quickly as expected, San Francisco Fed President Mary Daly said.

By Jim Tyson • April 12, 2023

EY split hits wall

Back in September, the Big Four accounting firm announced plans to split its auditing and consulting arms into two entities. Now, ‘Project Everest’ has been halted.

By Elizabeth Flood • April 12, 2023

Ex-Twitter CEO, CFO’s suit may find Delaware law favorable

Chancery Court has a history favoring bylaw provisions requiring companies to pay executives’ legal costs even when they no longer work for the company.   

By Robert Freedman • April 11, 2023

Small businesses see credit tightening: NFIB

Banking system instability has triggered a pullback in credit and shaken confidence among small businesses, the NFIB found in a survey.

By Jim Tyson • April 11, 2023

Berkshire Hathaway veterans take Pilot’s CFO, CEO seats

Just under three months after Warren Buffett’s firm became the travel center giant’s majority owner, longtime Berkshire Hathaway executives are taking the helm at Pilot.

By Elizabeth Flood • April 11, 2023

Ledge seizes on SVB crisis with multi-bank offering

The Israeli finance tech startup decided to expedite the rollout of its new treasury management tool after the collapse of Silicon Valley Bank.

By Alexei Alexis • April 11, 2023