The Latest
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Retrieved from Commercial Appeal on September 15, 2020
FedEx CFO retires, reflects on 40-year tenure, future of company
On his final earnings call Tuesday, Alan Graf Jr. offered a heartfelt retrospective while considering the future. "FedEx would not be the $69 billion globally admired corporation we are today without his leadership," CEO Fred Smith said.
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Survey: CFOs expect rise in corporate tax rates, trade tensions, post-election
Of those CFOs who participated in the PwC survey, 39% said the federal government should implement a strategy to boost domestic production of essential goods to bolster the economy.
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Courtesy of Wells Fargo multimedia resources
Many banks not yet accepting PPP forgiveness applications
Lenders are awaiting more guidance from the federal government as well as potential legislative action on the Paycheck Protection Program.
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Courtesy of website
Peloton CFO: Company doesn't 'want, or need, gyms to die' to maintain growth
Jill Woodworth said the company's total recorded workouts, reaching almost 77 million in the quarter, is the KPI of which she is most proud.
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Pandemic elevates treasury function while exposing its performance gaps
Treasurers have been key in their organization's efforts to keep cash on hand, but their skills have room for improvement, a survey shows.
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Bankruptcy a tactical tool to win rent concessions
Despite the pandemic, landlords are unlikely to negotiate willingly, attorneys say.
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Nestlé CFO shares plans for 'sizable acquisitions' in the future
At a virtual Barclays conference Wednesday, Francois-Xavier Roger said the world's largest food manufacturer "has been very disciplined" while completing large acquisitions and expects more to come.
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WeWork CFO to depart after 6 months
Kimberly Ross, who joined the embattled commercial real estate company in March, will be replaced by the CFO of its Americas business.
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Freshly CFO: Metric definition key to sound business decisions
Unless a metric means the same thing to everybody, leaders can’t use it to drive a successful company strategy, Matt Hagel says.
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Employers face administrative burden under payroll tax deferral
Questions remain unanswered on how to account for 6.2% employee payroll tax holiday when tax filings come due next year.
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Retrieved from MacRumors on July 21, 2020
Twitter CFO: 'You shouldn't be surprised' to hear TikTok acquisition rumors
Ned Segal said the company, which has acquired a number of apps since its 2013 IPO, is always looking to add "anything that accelerates [its] priorities."
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Daphne Howland/CFO Dive
Hedge fund chief tried manipulating Neiman Marcus bankruptcy auction, SEC says
The founder of Marble Ridge Capital is said to have prevented a rival bidder from offering more for an online asset of the retailer.
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"Uncharted-ERG_Mapbox-b016" by Mapbox is licensed under CC BY 2.0
High transparency culture can work against performance
When everyone knows how everyone else is doing, the most skilled will often lower their achievements to align with others, a study finds.
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Amid drop in sales, Urban Outfitters CFO opts to curtail inventory
"One of the most complex things we've been managing throughout the pandemic is just managing the sourcing network," Frank Conforti said.
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Pandemic shuffles companies' real estate strategies
Some asset classes are thriving while others face a flood of ghost properties. How finance leaders navigate the uncertainty over the next six months is crucial.
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Trek CFO: 'Pent-up demand' driving bike boom
"Everyone bought toilet paper, and then they bought kids' bikes and entry-level mountain bikes," Chad Brown said. Amid the pandemic, the U.S. cycling industry overall saw a 75% year-over-year sales growth.
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CFOs face a new way of disclosing risk under SEC Regulation S-K changes
New requirements are less prescriptive and more principles-based, which could mean a less consistent approach to enforcement.
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Courtesy of AccuWeather
Ernst & Young exec steps in as AccuWeather CFO
Shannon O'Neill, who has worked at Comcast, Golf Channel and Travel Channel, began work at the State College, Pennsylvania-based weather service on Tuesday.
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Fotolia
Private capital hungry for companies hoping to make up 'lost year'
There’s strong competition for companies that benefited from the pandemic. But there are other good buys out there, investors say.
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Carnival Cruise Line CFO moves to The Fresh Market
Jim Heaney's hiring follows the specialty grocer’s appointment of a new CEO in March.
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Companies leverage bond demand to shore up finances
The Fed's intervention this spring helped spur investor confidence, leading to a doubling in bond issues over the last four months.
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Courtesy of Zoom
Following strong Q2, Zoom CFO says video conferencing is here to stay
Even after in-person gatherings return, video conferencing will remain a fixture in business, education and communication, and "will be a part of our lives forever," Zoom finance chief Kelly Steckelberg said.
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Christin Hume. (2018). [Photograph]. Retrieved from Unsplash.
Getting day-1 subscription pricing right
Optimal pricing is crucial for the long-term, but until a product starts scaling, it's more important to win over the earliest customers.
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Courtesy of USAA
Bank of America finance chief moves to USAA
Jeff Wallace steps in as CFO at the military and veterans' insurance, banking and retirement solutions provider following a career of leadership at Bank of America, Wachovia, Deutsche Bank and Fidelity.
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Fotolia
Employers face liability under payroll tax deferral guidance
Many employers could opt out of President Trump's pandemic relief order on concerns they could be left holding the bag for back taxes.
