The Latest
-
CFOs rethinking cost savings of just-in-time supply chains
Pandemic-related disruptions made it clear a broader strategic approach is needed even once the supply and demand equilibrium is restored.
-
Jeff Swensen via Getty Images
CEO, CFO of electric truck maker Lordstown resign; misleading demand alleged
The company’s pre-order demand for its product is called questionable, and it needs more money to begin production by the fall.
-
Chip Somodevilla via Getty Images
LIBOR regulators warn of risks of using rates other than SOFR
Regulators urged companies to replace LIBOR with SOFR, warning that other alternative reference rates pose risks of financial instability.
-
Industry Dive/CFO Dive, data from Industry Dive
Only 5% of CFOs have 'future-ready' operations: survey
In its latest executive survey, Accenture divided operational maturity into four tiers: stable, efficient, predictive and future-ready.
-
Mark Wilson via Getty Images
CFOs substantially raise their growth expectations
CFOs' optimism towards their own company's performance, and that of the U.S. economy, has risen 29% in the past three months, Deloitte’s latest quarterly CFO Signals survey found.
-
Kena Betancur via Getty Images
OpinionWhat's behind the SEC's SPAC warrant concerns
In many of the deals, the warrants don't meet an exception in FASB's accounting standards for derivatives. As a result, they're misclassified as equity in the view of the Securities and Exchange Commission.
-
Fotolia
Scenario plan, but don't act, until tax changes clearer
Companies await a squeeze as U.S. and global tax priorities converge to force more tax payments through profit-shifting curbs, other changes.
-
Zach Gibson via Getty Images
Corporate tax staff working beyond capacity: survey
Technology can help close the capacity gap but many tax departments lack the time, budget and skills to deploy it effectively, a Thomson Reuters Institute survey found.
-
Joe Raedle via Getty Images
Surging inflation may herald start of long-term price trend, economists say
Long-term forces, such as aging populations and a pullback in globalization, will likely stoke inflation for decades, reversing a trend of slow price gains, economists say.
-
Cara Salpini/CFO Dive
GameStop taps Amazon execs to replace CEO, CFO
With Matt Furlong as CEO and Mike Recupero as CFO, the company intends to restore strength and home in on digital sales.
-
Fotolia
Companies get more options in private credit market
The industry showed resilience in the pandemic by helping borrowers renegotiate loan terms.
-
Justin Sullivan via Getty Images
Airbase raises $60M, aims for larger clients
Airbase plans to use the new capital to upgrade its products in a crowded expense management space.
-
Scott Olson via Getty Images
Shake Shack taps Goldman Sachs analyst as new CFO
Katherine Fogertey will take the reins at the publicly listed fast casual chain on June 14, 2021.
-
Dan Kitwood via Getty Images
Regulator calls for sunsetting LIBOR in some interest rate swaps in July
A Commodity Futures Trading Commission subcommittee urges a switch in interdealer trading of interest rate swaps from LIBOR to SOFR on July 26.
-
Mark Wilson via Getty Images
Opinion
3 strategies to create a cash culture
An estimated $2.5 trillion is tied up in working capital at companies across Europe and the United States. Freeing up that cash could help CFOs reach strategic capital allocation goals.
-
Joe Raedle via Getty Images
SPAC lawsuits surge over disclosure claims: attorney
Securities and Exchange Commission guidance on SPAC disclosures has spurred a rise in litigation in New York State courts — almost 40 in the past six months.
-
Stephen Lam via Getty Images
AT&T, Estée Lauder, Salesforce CFOs on which pandemic changes to keep
Employees will return to the office, but CFOs want to retain the past year's cost-saving changes, panelists said this week at the Wall Street Journal’s CFO Network Summit.
-
Photo by Mimi Thian on Unsplash
TreeHouse CFO transitioned processes for top line growth
In a key move, senior finance staff were embedded in business divisions but held accountable for performance in finance.
-
Spencer Platt via Getty Images
SPAC warrant restatements won't hit credit, Moody's says
Amending past financial statements to account for the shift in warrant accounting from equity to liability is just a technical change, according to an analysis.
-
Alex Wong via Getty Images
Gensler says SEC may tighten rules to avert insider-trading abuses: WSJ
SEC Chair Gary Gensler said he has asked agency staff to “use all the tools in our toolbox” to punish executives who abuse plans for trading in their own company’s shares.
-
Courtesy of Poshmark
Months after taking Poshmark public, CFO to depart
Anan Kashyap, who will remain with the online clothing reseller as an advisor through year's end, has spent his career in e-commerce, and was behind the IPOs of GrubHub and KAYAK.
-
William Duhnke removed from PCAOB; Duane DesParte named acting chair
Critics had taken issue with Duhnke's view of risk and didn't like a proposal to fold the Public Company Accounting Oversight Board into the SEC.
-
Courtesy of Beyond Meat
Amazon exec named Beyond Meat CFO
Phil Hardin will take the reins from Mark Nelson, who oversaw the plant-based company's record-breaking 2019 IPO, in July 2021.
-
Chip Somodevilla via Getty Images
Fed selling of corporate bonds may cause debt issuance 'hiccups': Moody's
A Federal Reserve plan to sell corporate bonds and wind down an emergency credit program won’t significantly alter valuations but signals a change in sentiment, Moody’s Analytics said.
-
Lisa Maree Williams via Getty Images
Alexion, AstraZeneca executives switch roles amid $39B buyout
Marc Dunoyer, the U.K. drugmaker's longtime CFO, will move over to a strategy role and run Alexion as a rare disease unit within AstraZeneca.
