The Latest
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SBA approves over $5B in loans during first week of PPP re-opening
Amid mounting costs from the pandemic, the SBA begins a new round of Paycheck Protection Program lending approved by Congress in December.
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Daphne Howland/CFO Dive
Survey: 42% of retail CFOs expect to restructure as industry revenue declines persist
While struggles and distress abound, many retail CFOs are investing in e-commerce and other channels as the pandemic reshapes the industry, a BDO survey found.
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EY report: IPOs surge worldwide during Q4 amid pandemic
Liquidity from pandemic-related government spending helped fuel a rise in global IPOs during the fourth quarter of 2020 that will likely persist in 2021, Ernst & Young said.
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SEC. (2019). "Allison Herren Lee" [Photo]. Retrieved from SEC.
Deregulation critic Allison Herren Lee named acting SEC chair
The financial regulation specialist has been a voice against weakening the oversight structure protecting investors.
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Fotolia
SEC to take harder line on financial reporting, attorneys say
COVID-19 and ESG disclosures, information controls and SPACs could receive increased scrutiny, along with accuracy of filings as part of Biden’s SEC approach.
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IRS postpones date for companies to repay deferred payroll taxes
Companies now must repay 2020 taxes delayed as part of pandemic-related relief by Dec. 31, rather than April 30.
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AppHarvest
Ahead of SPAC deal closure, David Lee says AppHarvest 'will not miss a beat'
Lee, who spent five years as CFO of Impossible Foods, moved to the venture-backed agricultural tech startup shortly after its $28 million Series C round.
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Weis Markets picks K-VA-T executive as new CFO
Michael T. Lockard, who has also worked as a financial executive at Walmart and UPS, will join the company in March.
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Getty
What can go wrong with a SPAC? More than you can imagine, says CFO
In the rush to get a deal done, choose the right merger partner and watch costs, says 180 Life Sciences finance chief Ozan Pamir.
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Yellen: Small business, COVID-19 aid more important than deficits right now
The Biden Administration wants to amend rather than repeal the 2017 tax law by eliminating some benefits to large companies and the highest-income taxpayers, the Treasury nominee said during her confirmation hearing.
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CFOs increasingly tasked with healthcare management costs, survey finds
As the coronavirus pandemic redefines workplace responsibility on employee health care coverage, companies turn to the CFO to manage the resulting costs, a Willis Towers Watson survey found.
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fizkes via Getty Images
Zoom raises $2B in stock offering, preferring flexibility of equity
Zoom's equity raise exceeded its initial target and provides additional flexibility on the balance sheet.
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Fotolia
Biden tax, oversight plans could add to M&A costs
Sellers can be expected to seek higher valuations to offset higher corporate tax rate and capital gains changes, deal specialists say. And some deals could get more regulatory scrutiny.
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Finance team tech competency vital for 2021 success, survey finds
Finding the funds to implement tech is only one part of the equation; knowing how to use it is the other, a Gartner survey of 173 global CFOs found.
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Getty
Deep Dive4 ways CFOs can cut waste in spending on the cloud
The typical company wastes as much as 35% of its cloud budget, estimates show. Wasteful spending rose as many companies rushed to move operations into the cloud during the pandemic.
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Fotolia
Biden expected to raise corporate tax rate, add tax on book income
Some $3 trillion in potential new tax income could go to infrastructure, alternative energy, and manufacturing as well as provide tax relief to middle- and lower-income households.
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jotoler. (2016). [Photograph]. Retrieved from https://pixabay.com/photos/worker-industry-man-manufacturing-4395772/.
BDO: 24% of companies plan to relocate supply chains
Many companies are rethinking their sourcing because of tariffs and high shipping costs, though they're treading cautiously on implementing wholesale changes during the pandemic, a BDO CFO survey finds.
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Diageo
Diageo North America finance chief promoted to CFO
Lavanya Chandrashekar will start as global CFO of London-based liquor company behind Johnnie Walker, Ketel One and Guinness on July 1.
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CFOs, HR leaders optimistic about recovery in 2021, survey finds
Financial executives at emerging and mid-market businesses expect COVID-19 vaccine distributions this year to brighten the economic outlook.
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Getty Images
Deep Dive2021 Outlook: Why, and how, the CFO should lead ESG efforts
This year, CFOs should prepare their companies for increased scrutiny on environmental, social and governance performance, if they haven't already.
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Former Clinton CFO, CFTC head Gary Gensler expected to be named SEC chief
Should the Senate confirm the long-time Washington policymaker, he will likely prioritize ESG reporting and tighter regulatory safeguards.
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Courtesy of Affirm
Payments company CFO: We won't work with partners 'not aligned with our values'
Affirm went public on Wednesday, a week after the insurrection that has spurred many platforms to reassert their values.
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CFOs face challenging labor landscape under Biden administration
Changes in the treatment of independent contractors and the attractiveness of unions could usher in more complicated — and expensive — workforce policies.
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Christopher Doering
How General Mills CFO prioritizes ESG
Sharing a headquarters city with the site of George Floyd’s killing, and working to provide food during a crisis, has made the company's ESG commitment more than a feel-good effort, Kofi Bruce said.
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Retrieved from Unsplash.
Companies experiencing financial, operational stress from COVID-19, survey finds
Publicly traded company leaders anticipate a surge of bankruptcies as the dust clears, a Boston Consulting Group survey found.
