Former Trump CFO pleads guilty in tax scheme

The Latest

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  CFOs undervalue their own ESG efforts: report

  Well over half (78%) of CFOs rated themselves ineffective at addressing ESG initiatives despite earning top grades from their peers.

  Strategy & operations

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  SEC accepts crypto update to GAAP taxonomy

  The accounting changes come as crypto-asset valuations have taken a beating and drawn increasing regulatory scrutiny.

  Financial reporting

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  Western Union CFO departs for Arrow

  The 171-year-old company is the latest payments firm to announce a CFO change as the sector faces macroeconomic headwinds.

  Strategy & operations

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  SEC backs tougher rules for audits involving multiple firms

  SEC Chair Gary Gensler hailed efforts to avert significant errors in audits by multiple firms, including mistakes in the calculation of revenue and measurement of fair value.

  Strategy & operations

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  Home Depot gains record profit on home improvement craze

  Home Depot reported record Q2 revenue, with homeowners’ strong balance sheets helping the company to navigate successfully through inflationary pressures.

  Financial reporting

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  Walmart CFO aims for market share as shoppers trade down

  The retail giant’s pricing strategy — geared to budget-conscious consumers — includes plans for an under-$50 Thanksgiving meal for four.

  Strategy & operations

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  China’s economic ills persist under COVID-19 lockdowns

  Rising COVID-19 cases and record youth unemployment saw China’s economy slump in July, further clouding its growth outlook for the year.

  Financial reporting

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  AICPA warning on 15% tax timeline goes unheeded

  CFOs at companies on the threshold of being subject to the new tax will also need to familiarize themselves with the complex rules. 

  Compliance

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  CFOs flag staffing, digital transformation as top growth challenges

  CFOs pointed to staffing and hiring challenges as well as digital transformation as the top barriers to fostering growth at their companies, a study finds.

  Technology

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  Consumer sentiment rises on improved inflation expectations

  The falling price of energy and other essential goods buoyed consumer sentiments, the University of Michigan found in a survey this month.

  Strategy & operations

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  Akumin terminates CFO per transformation plan

  With the hiring of a global business transformation specialist as Akumin’s interim CFO, William Larkin is fired from the top financial seat. 

  Strategy & operations

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  ‘Inflation persistence has jumped’: Richmond Fed

  Price pressures, pumped up by the pandemic and other shocks, have proven more durable in the past several quarters compared with a period beginning in 2008.

  Strategy & operations

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  Starbucks, Walmart alum moves to JCPenney CFO seat

  Ahold Delhaize and Starbucks alum Stephanie Plaines will take on the CFO role for retailer JCPenney effective immediately, the company announced Aug. 11.  

  Leadership

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  Coalition, Inc. names first ever CFO

  Jim Young plans to take the company to bigger heights and tap into the massive cybersecurity market.

  Strategy & operations

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  Inflation Reduction Act may backfire: Tax Foundation

  Republicans and Democrats clash over the impact on inflation from a health care, climate and tax bill scheduled for a vote by the House.

  Strategy & operations

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  Opinion

  How to adopt dynamic pricing on B2B marketplaces

  By 2028, it’s estimated that the global B2B e-commerce market size will reach $25.65 trillion. Dynamic pricing is one of its challenges.

  Strategy & operations

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  Average US CFO pay jumps 16%, outpacing inflation

  The gap between U.S. and European CFO pay persists with U.S. executives making more than double their French counterparts, a Spendesk survey found.  

  Treasury

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  Sonos CFO departs for Taser-maker Axon

  CFO Brittany Bagley exits Sonos following disappointing fiscal third quarter revenue results, with the speaker company partially blaming inflation for a lackluster quarter.

  Strategy & operations

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  Société Générale exec pivots to eFuels CFO

  Société Générale Managing Director Roberto Simon took on the CFO seat for eFuels company HIF Global as the company consolidates plans to help “decarbonize” 5 million cars.

  Technology

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  Venture lenders offer CFOs a pricey lifeline

  Venture debt remains an option for companies that have seen a number of financing paths narrow amid global economic turmoil.

  Strategy & operations

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  Inflation slows but probably not enough to deter Fed tightening

  Central bank officials say they need to see consistent signs that price pressures are falling toward their 2% target before they declare victory against inflation.

  Strategy & operations

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  Bankrupt Revlon to pay $165,000 monthly for interim CFO

  Alvarez & Marsal Managing Director Matt Kvarda will step in as interim CFO for beauty brand Revlon as it goes through corporate restructuring, with the consulting firm reaping a $165,000 monthly fee.

  Financial reporting

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  Brink’s taps Eaton, PwC veteran as CFO

  The Brink's Company, know for its iconic trucks that transport cash, has tapped a new CFO as its long-time finance chief prepares to retire. 

  Strategy & operations

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  IFF CFO sees ‘meaningful’ cost increases next year

  International Flavors & Fragrances CFO said the ingredient maker is rethinking contracts as part of its effort to combat inflation. 

  Financial reporting

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  AMC Networks promotes CFO to CEO, names new finance chief

  Patrick O’Connell is joining AMC as CFO while the current finance chief moves up the ladder.

  Strategy & operations

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