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.

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    Matias Delacroix via Getty Images

    SEC accepts crypto update to GAAP taxonomy

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

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    Sean Gallup via Getty Images

    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.

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    Alex Wong via Getty Images

    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.

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    Courtesy of The Home Depot

    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.

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    Courtesy of Walmart

    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.

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    Lintao Zhang via Getty Images

    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.

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    Stefan Zaklin via Getty Images

    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. 

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    Hispanolistic via Getty Images

    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.

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    Justin Sullivan via Getty Images

    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.

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    JohnnyGreig via Getty Images

    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. 

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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.

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    Drew Angerer via Getty Images

    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.  

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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.

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    Getty via Getty Images

    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.

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    David McNew via Getty Images
    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.

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    tattywelshie via Getty Images

    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.  

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    Anna Moneymaker via Getty Images

    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.

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    Justin Sullivan via Getty Images

    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.

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    Moon Safari via Getty Images

    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.

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    Justin Sullivan via Getty Images

    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.

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    Justin Sullivan via Getty Images

    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.

  • Van in traffic with the Brink's Company logo. Brink's Company is an American private security and protection company
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    Photo illustration by Elizabeth Flood/CFO Dive; photograph by Cristi Croitoru via Getty Images

    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. 

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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. 

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    Retrieved from Unsplash on July 22, 2021

    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.