The Latest
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Fotolia
Veteran CFO: Breadth of jobs key to career path
Spending too much time in one role can make it harder to rise, former NetSuite CFO Ron Gill says.
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Whole Foods/CFO Dive, data from https://media.wholefoodsmarket.com/image-library/category/prepared-foods
Report: Hardest-hit businesses received less than 10% of PPP loans
Companies in food services and similar businesses slammed by COVID-19 received a comparatively small portion of PPP loans in 2020, according to a Tax Policy Center analysis.
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DoorDash
Dramatic layoffs 'kindest' approach to pandemic, restaurant CFO says
Innovations like a retro-styled TV dinner helped boost kitchen productivity and gave employees more hours, Robert Linder, CFO of Lazy Dog Restaurant & Bar said.
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"G.Tech Technology Factory Zhuhai China" by Chris from Shenzhen, China is licensed under CC BY-SA 2.0
Study: Post-pandemic economy to compel 107M workers to switch occupations
The coronavirus is spurring more company spending on automation and AI while creating workforce skill gaps, according to a McKinsey study.
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3M CFO moves to Rockwell
Nicholas Gangestad, a 35-year veteran of 3M, will step in at Rockwell, whose former CFO moved to Carrier Corp. last year.
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A financial advisor's top 5 SPAC tax issues
Identifying acquirer and predecessor entities are among decisions the tax team of the combined company must make.
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Moriah Solomon. (2021). [Photograph]. Retrieved from Unsplash.
Prior business relationships influence PPP coronavirus lending, study finds
Banks used the PPP last year to strengthen relations with “large connected firms,” a joint study by Washington University in St. Louis, Boston College and the University of Geneva found.
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Pixabay
Survey: Most financial executives not planning to use bitcoin as corporate asset
Volatility discourages most financial executives from ever adopting bitcoin even though it is gaining some acceptance in finance, according to a Gartner survey.
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How SoftBank VC CFO turned finance into strategic asset
Navneet Govil built a data tool to provide the investment fund’s executives and limited partners with insights from portfolio companies’ financial data.
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Courtesy of Rolls-Royce
Rolls-Royce taps Deloitte exec as CFO
Panos Kakoullis will succeed outgoing CFO Stephen Daintith, who announced his resignation in August 2020.
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Deep Dive
3 CFO mistakes to avoid as IT spend rises to record in 2021
Financial executives should avert mistakes in digital transformation as they budget record capital for IT purchases this year.
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CBO: US federal debt to surge this decade, fueled by rising deficits
Annual federal deficits will rise to 5.7% of GDP by 2031, increasing U.S. debt to a record 107% of GDP that year, according to CBO projections.
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Courtesy of PepsiCo
PepsiCo CFO: 'The world is permanently shifted'
Hugh Johnston credited the company's successful fourth quarter to its commitment to understanding its new, evolving environment.
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Fotolia
FASB OKs more timely goodwill impairment testing
Finance teams can wait until their company’s next reporting period to test for any reduction in value.
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How CFOs can use churn, NPS data to grow revenue
By linking net promoter score with other metrics, finance chiefs can help executives know where intervention can help boost recurring revenue.
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Permission granted by Weee
In IPO preparation, Asian e-grocer Weee hires first CFO
The online grocer specializing in hard-to-find Asian foods became profitable in 2020. Its new CFO, Ankur Shah, says its sights are now set on growth, expansion and a public listing.
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Twitter CFO: Jump in January users after Trump ban
The social media platform added more daily active users in January, the month Trump was banned, than the average of the last four Januarys, Ned Segal told CNBC.
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Fotolia
Data model helps CFO see forest for the trees
Tom Berquist, CFO of software company TIBCO, applies Wall Street experience to help make acquisitions work, whether they involve hot new companies or old workhorses.
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Lilly CFO steps down after investigation found 'inappropriate' behavior
Josh Smiley had engaged in "consensual though inappropriate" personal communications with certain employees, according to Lilly. Anat Ashkenazi, CFO of Lilly Research Laboratories, will replace him.
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Fotolia
Balancing trade-offs as a CFO leadership skill
Aryaka CFO Brad Kinnish uses hard-won communication skills to help colleagues, board members and investors weigh competing priorities.
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Survey: CFOs plan to shore up reserves against pandemic, other risks
CFOs are reacting to the pandemic-induced downturn by reshaping risk strategies and cushioning against future shocks, a Euler Hermes survey finds.
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Big-company CFO departures spiked amid COVID-19
CFOs who have left their post are not in a hurry to jump into another big-company CFO role, a Wall Street Journal analysis found.
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Hershey
Hershey's CFO: Stay-at-home mandates 'played to our strengths'
When 2020 showed "just how precious" family rituals and traditions are, classic Hershey's products reaped the benefits, CFO Steve Voskuil said.
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Fotolia
ColumnProcurement and finance, it's time to cast your tensions aside
The finance team's input and expertise can help complex procurement activities, laying the building blocks for collaboration.
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Fotolia
CFOs turn to shelf registrations to position companies for capital raises
Filings can have a short-term negative impact. But when the timing is right, they help companies move quickly with stock and other offerings.
