The Latest

• 

  Racial diversity falling among new corporate directors: Conference Board

  The Securities and Exchange Commission is considering recommending a rule requiring companies to disclose more about diversity on their boards.

  Strategy & Operations

• 

  Intel CFO takes interim co-CEO role after board ousts top exec

  CFO David Zinsner will step in as interim co-CEO as Intel races to regain lost ground in the GenAI race after reporting a record loss of $16.6 billion for its most recent quarter. 

  Technology

• 

  Inside T. Rowe Price’s AI-driven spend transformation

  Steps to overhaul the company’s spending approach have resulted in cost savings of more than $40 million, according to procurement chief Harold Wu.

  Strategy & Operations

• 

  Opinion

  AI is becoming part of the CFO’s toolkit — like it or not

  The question for CFOs isn’t whether they need AI, but how long they can survive without it, says Runway CEO Siqi Chen.

  Technology

• 

  Note from the Editor-in-Chief

  A change in ownership and what it means for our readers.

  Strategy & Operations

• 

  Bumble’s CFO resigns amid leadership shuffle

  Anu Subramanian will step down from the CFO role in March after serving as the dating app provider’s finance chief since 2020.

  Leadership

• 

  US manufacturing shrinks for eighth straight month: ISM

  Some concerns about federal policy have eased since the November election, giving C-suite executives firmer footing as they complete business strategies for 2025.

  Strategy & Operations

• 

  Shifting data from liability to asset: Bloomfire CEO

  In the AI era, CFOs need to ensure they’re focused on specific challenges when it comes to their data management strategies to get the most out of unstructured data, Bloomfire CEO Ben Little says.

  Technology

• 

  Inflation accelerates as Fed officials view easing with caution

  Some Federal Reserve officials said at a policy meeting this month that the central bank may hit its 2% inflation target later than expected.

  Strategy & Operations

• 

  Samsung CFO takes on new role in management shake-up

  The shift comes on the heels of profit struggles at Samsung and the company’s public apology to investors.

  Financial Reporting

• 

  FASB updates convertible debt rules

  The new GAAP guidance stems from a request made by Big Four accounting firms and comes as the convertible bond market is regaining steam. 

  Financial Reporting

• 

  Abercrombie & Fitch Co. taps new CFO as sales surge 14%

  The Abercrombie and Hollister brands both saw strong double-digit growth in the third quarter, despite weather disruptions.

  Leadership

• 

  PE pressure could spur more tech M&A

  The tech sector has a rising hunger for M&A deals that is expected to persist into 2025, but the U.S. election introduces new uncertainties, KPMG deal experts said.

  Technology

• 

  Scotts Miracle-Gro appoints interim CFO in leadership shift

  Treasurer Mark Scheiwer will step in as interim CFO as Scotts looks to execute a “turnaround” for its cannabis-focused subsidiary, where sales plummeted by 46% during its most recent quarter.  

  Financial Reporting

• 

  Top takeaways from 2024 MIT Sloan CFO conference

  Many finance leaders at this year’s MIT Sloan CFO conference seemed buoyed by recent rate cuts and the prospect of a more business-friendly climate in the offing. 

  Strategy & Operations

• 

  Zoom rebrands, aims to be known as ‘AI-first’ company

  “Zoom is now about so much more than video meetings,” CEO Eric Yuan said.

  Financial Reporting

• 

  AI rush is fueling tech debt ‘tsunami’: Forrester

  The research highlights the growing challenges faced by businesses as they scramble to adopt AI and avoid falling behind competitors.

  Strategy & Operations

• 

  Macy’s says accountant hid as much as $154M in expenses

  The deliberately misleading accounting of expenses since the fourth quarter of 2021 did not disrupt cash management or vendor payments, Macy’s said.

  Financial Reporting

• 

  SEC hits UPS with $45M fine for material misstatements

  The company overvalued its freight unit, one of its ‘worst-performing’ business segments, prior to the unit’s sale in 2021 for $800 million, the SEC said.

  Financial Reporting

• 

  Intuit rolls out AI QuickBooks enhancements as CEO eyes AI agents

  The upgrades to QuickBooks come as the firm targets AI agents that could potentially replace CFOs and other executives in the C-suite, the CEO said.

  Strategy & Operations

• 

  Climate protesters disrupt Saudi Aramco CFO talk at MIT conference

  Saudi Aramco CFO Ziad Al-Murshed’s talk ended abruptly Thursday after climate protesters took the stage at the MIT Sloan CFO Summit in suburban Boston.

  Strategy & Operations

• 

  Rise in US health benefit costs to accelerate to 10.2% next year: WTW

  More than half of employers plan to trim health care costs by implementing strategies such as pharmacy benefit management, WTW said.

  Strategy & Operations

• 

  Evolv CFO latest to depart during misconduct, revenue misstatement investigation

  The security technology provider will pay a weekly $50,000 fee to AlixPartners in exchange for the services of its director David Rawden as interim CFO.

  Financial Reporting

• 

  SEC’s Gensler to step down Jan. 20 after robust rulemaking, enforcement

  The SEC, in one of its most far-reaching changes under Gensler, adopted rules to channel more trading of Treasury securities into central clearinghouses and curb illiquidity risks.

  Financial Reporting

• 

  KPMG to invest $100M in Google Cloud effort

  The move expands an existing alliance as KPMG looks to bolster its consulting services, including by developing advanced generative AI agents.

  Strategy & Operations

More stories