The Latest
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August tech layoffs surpassed 26K, highest level since January
Tech job cuts are continuing to pile up as industry leaders zero in on objectives such as freeing up capital to fund AI initiatives.
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SEC fines credit rating firms $49M for record-keeping flaws
Employees at some of the firms routinely discussed credit ratings on their personal communication devices, the SEC said.
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Courtesy of Rite Aid
Rite Aid exits bankruptcy, promotes CFO to CEO
Chief Financial Officer Matt Schroeder will take over the CEO post from restructuring officer Jeffrey Stein.
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US manufacturing persists in recession mode, production falls
Producers, responding to “election uncertainty” and monetary policy, held back on capital investment last month, the Institute for Supply Management said.
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ESG controllers: The newest finance hires
Depending on the company’s structure, the specialized controllers often report to the corporate controller or the CFO, Deloitte’s Kristen Sullivan said.
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Paysafe taps FIS alum for CFO amid growth pivot
The iGaming payments platform is looking to expand on its “robust” performance in the first half of the year with the appointment of new financial leadership.
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Deepfake scams escalate, hitting 53% of businesses
Eighty-five percent of corporate finance professionals now view such scams as an “existential” threat, a Medius study found.
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OpinionDeveloping a winning tech strategy for your organization
Business leaders must embrace team cross-functionality if they want their tech strategy to succeed, Deloitte’s Frank D’Amelio and John Marcante write.
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CFO Editorial Staff
Tyson Foods appoints new CFO, replacing troubled scion
John R. Tyson was suspended in June following his second drunk driving incident since taking the executive role in 2022.
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CPAs eyeing the CFO seat must hone tech, ‘soft’ skills: PICPA
Emotional intelligence is a key skill CPAs aspiring to be finance chiefs need, PICPA’s Jen Cryder said. Its importance is sometimes overlooked.
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Photo illustration by Danielle Ternes/CFO Dive; photograph by yucelyilmaz via Getty Images
CISA launches cyber incident reporting portal to streamline breach disclosure
The secure portal is designed to encourage faster and more robust information sharing about malicious attacks and critical vulnerabilities.
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Dollar General CFO cites inflation, cost pressures as shares slump
“The customer will continue to feel financial pressure for the duration of the year,” CFO Kelly Dilts said on the company’s second quarter earnings call.
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Trump case sparks request for FASB accounting rule revamp
Daniel Tinkelman, a professor of accounting at Brooklyn College of the City University of New York, is asking the FASB to revise and clarify the GAAP rules.
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Only 58% of executives assessed business risks of AI: PwC
Rapid advances in AI outpace efforts to contain the risks from the technology, according to executives and officials.
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Salesforce CFO to exit post after successor is picked
Amy Weaver is also expected to become a special adviser to the CEO once she steps down as the company’s finance chief.
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Super Micro delays 10-K filing to assess internal controls
The AI server maker delayed its 10-K as experts partly blame a recent spike in tardy annual reports on the accounting talent shortage and increased regulation.
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"U.S. Securities and Exchange Commission headquarters" by AgnosticPreachersKid is licensed under CC BY 3.0
SEC charges Navy shipbuilder Austal with accounting fraud
Austal understated an accounting metric known as “estimate at completion” for the construction of Littoral Combat Ships, according to SEC allegations.
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Cannabis firm Ascend terminates CFO, CEO amid refinancing push
Ascend is the third large cannabis company to see its CEO out the door this month.
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Courtesy of TeraWulf
Bitcoin miner TeraWulf CFO targets AI-driven data centers
The Maryland-based bitcoin miner is pivoting to tap its power infrastructure to serve high-performance data centers that companies need to run AI systems.
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iStock/lechatnoir
Consumer confidence rises despite concern for weakening job market
A Conference Board report Tuesday highlighting improving consumer confidence aligns with a similar survey in early August by the University of Michigan.
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CFOs edge out, merge with COOs
The CFO’s role has blended with that of a chief operating officer’s typical responsibilities, Trintech CEO Darren Heffernan said.
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Apple taps insider to succeed longtime CFO Luca Maestri
The Cupertino, California-based tech giant said Kevan Parekh — its VP of financial planning and analysis — would become CFO as part of a “planned succession.”
Updated Aug. 27, 2024 -
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What’s keeping businesses from a paperless future?
Printers are still alive and well across finance, healthcare and legal services, industries that rely heavily on hard copies thanks to legal requirements and customer expectations.
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OpinionDon’t over-budget for digital transformation in 2025
Every transformation should include a robust and detailed business case with defensible and realistic numbers, writes ISG’s Jon Lightman.
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External CFO hires hit 10-year high
The uptick in companies looking outside their ranks for finance chiefs suggests a lack of succession planning, Crist Kolder's Josh Crist said.
