The Latest

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  Interim Illumina CFO takes permanent seat

  Joydeep Goswami’s appointment marks the executive’s first role in finance, and happens as the company faces headwinds from an acquisition last year.

  Strategy & operations

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  Sponsored by EY

  5 questions for CFOs before selecting subscription KPIs

  Selecting the right subscription KPIs is imperative for CFOs looking to drive shareholder value.

  Strategy & operations

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  Opinion

  CFOs are focused on talent — and the return to office

  It’s becoming increasingly clear there is no “going back” fully to how we worked before the pandemic, Kathryn Kaminsky writes.

  Strategy & operations

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  Deep Dive

  4 rules for CFOs cutting office space

  Trimming office space budgets has always been a quick cost-cutting solution for companies in recessionary times. Now hybrid work is complicating matters.

  Strategy & operations

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  External CFO hires slumped in 2022: study

  External CFO hires declined in 2022, but companies are increasingly looking to their financial leaders as ‘logical successors’ to the CEO when it comes time to fill their top executive seat.

  Leadership

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  Wage growth slows, blunting threat of wage-price spiral

  Federal Reserve policymakers say that a steady decline in wage growth is essential for a sustained easing of inflation.

  Strategy & operations

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  Poshmark CFO’s ‘adventurous’ career journey

  Rodrigo Brumana landed the CFO seat at Poshmark after coming to the US about 20 years prior knowing little English and having no financial experience.

  Strategy & operations

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  AIG fires interim CFO, citing confidentiality breach

  AIG says its departing finance chief, Mark Lyons, is walking away from the company with a $7.5 million settlement in recognition for past contributions.

  Leadership

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  Ex-Pfizer CFO talks tactics for first-timers

  Frank D’Amelio, a veteran finance chief, says being ‘a player on the field’ is key for success during unpredictable times.

  Strategy & operations

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  Battling SEC, crypto firm Gemini picks new finance head

  Gemini’s new finance chief takes the helm as the cryptocurrency sector faces increased scrutiny from regulators. Its partner Genesis filed for Chapter 11 bankruptcy protection this month.

  Technology

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  Accountants may underestimate impact of Fed tightening: survey

  “Further monetary tightening appears inevitable,” the ACCA and IMA said as the Federal Reserve prepared for a two-day policy meeting beginning Tuesday.

  Strategy & operations

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  Sleep Number on hunt for new CFO

  The company’s chief human resources officer is moving into the CFO role temporarily.

  Leadership

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  Deep Dive

  5 CFO tips for boosting tech ROI

  CFOs are overhauling their technology budgets as inflation, slumping economic growth and other external forces jeopardize their earnings targets.

  Strategy & operations

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  FASB poised for another crypto vote

  The FASB is on track to issue proposed new standards for cryptocurrency by April. The implosion of crypto exchange FTX is likely to sharpen scrutiny of the project. 

  Financial reporting

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  CFO FP&A Close-up: finance function’s ‘octopus’

  Between intergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate.

  Strategy & operations

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  Southwest ups tech spend to $1.3 billion

  The airline will be increasing its technology spending following a quarterly loss triggered by its holiday traveling system failure, which resulted in the cancelation of over 16,700 flights in a ten-day period.

  Financial reporting

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  Companies face data privacy maze, skills gap

  CFOs could be under increased pressure this year to focus on privacy, as new state laws come into effect.

  Compliance

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  Auditors dialed back mandated disclosures: study

  The study found that auditors pulled back on their disclosures of potentially negative financial matters as companies adjusted to new reporting requirements.  

  Financial reporting

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  IBM, SAP latest to slash workforce

  IBM joins Microsoft, Google, Salesforce and now SAP SE in paring down its workforce as the technology and software industries face a highly inflationary environment.

  Financial reporting

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  Campbell snatches Integra LifeSciences CFO

  In announcing the move, Campbell CEO Mark Clouse touted Anderson's "strategic experience and financial discipline."

  Leadership

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  How to balance growth and cash flow amid uncertain demand

  Meritech Capital partner joins Airbase CFO to discuss metrics as a framework for when to say ‘no’.

  Strategy & operations

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  KPMG primes shrinking CFO, CPA pipeline

  The shortage of accountants is one of the main concerns keeping KPMG’s Greg Engel up at night. The firm is teaming up with universities to expand the talent pool.

  Strategy & operations

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  CFOs must stay disciplined on tech spend

  When it comes to tech spending, finance heads should keep their focus on business needs first and transformation second.

  Technology

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  Several states cut corporate tax rates for 2023

  Many states are competing for businesses by reducing corporate tax rates as of Jan. 1, the Tax Foundation said.

  Strategy & operations

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  Live Nation CFO blames bots in Swift ticket fiasco

  Roughly two months after thousands of Taylor Swift fans were prevented from buying tickets, Ticketmaster’s CFO told a Senate committee Tuesday that the company could have done better.

  Risk management

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  Twitter headquarters landlord files unpaid rent suit

  The suit filed against Twitter comes as a surge of tech firms have announced massive layoffs along with plans to trim real estate costs.

  Strategy & operations

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