How employers can help struggling hybrid workers

The Latest

• 

  Fed's Powell welcomes 'significant' tightening in financial markets

  Powell underscored the Fed’s determination to reduce inflation, just one of many items on a long roster of risks bedeviling CFOs.

  Treasury

• 

  Moderna may seek to claw back payments to ex-CFO

  The vaccine-maker Moderna said it has the right to recoup any and all payments to ex-CFO Jorge Gomez if the company determines he engaged in any wrongdoing, according to an amended SEC filing Friday. An earlier filing said he would be provided a 12-month salary totaling $700,000 under a severance agreement.

  Financial reporting

• 

  SEC enforcement attorney predicts 'a lot more fraud' in crypto markets

  The SEC will turn to litigation if needed to achieve “clarity” as it fights abuses in cryptocurrency markets, according to an attorney in the agency’s Enforcement Division.

  Compliance

• 

  Will Twitter CFO keep role in Musk-led scenario?

  While Parag Agrawal referred to himself as a "lame-duck" CEO last week, the jury is still out as to whether Twitter finance chief Ned Segal will stay on if Elon Musk's deal to buy the social media giant closes.

  Strategy & operations

• 

  Wayfair CPO shifts to CFO, chief administrative officer role

  HR pros, who often have strong leadership skills and high emotional intelligence, can be model candidates for C-suite roles, according to one executive search firm.

  Strategy & operations

• 

  Companies need to align efforts at disclosure, cybersecurity: SEC attorney

  The SEC aims to protect investors from cyber-related risks by cracking down on companies that release misleading disclosures about cyberattacks, according to the top attorney in the agency’s Crypto Assets and Cyber Unit.

  Strategy & operations

• 

  Opinion

  Lessons from the M&A front lines

  Early in the deal-making process CFOs should think big and prioritize but they also need to consider steps for setting the tone after the ink dries.

  Strategy & operations

• 

  U.S. regulators see 'endgame' to LIBOR phaseout

  Winding down LIBOR has reached the final stage as businesses increasingly borrow using an alternative reference rate, U.S. regulators said.

  Compliance

• 

  FASB shifts to prioritize 'rapidly evolving' crypto assets

  The board is getting serious about improving accounting standards for digital assets even as a crypto market slump is hammering valuations.   

  Financial reporting

• 

  Moderna CFO exits abruptly amid probe at former company

  Jorge Gomez's departure came just one day after he took the reins as CFO of Moderna, which has become a household name due to the rapid development and success of its coronavirus vaccine. 

  Financial reporting

• 

  General counsel face heightened liability risk as SEC seeks to drop SPAC safe harbor

  Projections to attract shareholders could trigger lawsuits as plaintiffs’ attorneys take advantage of what amounts to a shift in the burden of proof to operating companies.

  Compliance

• 

  SEC fines NVIDIA $5.5M for failing to disclose cryptomining impact

  NVIDIA rode the rush into crypto assets as customers used its gaming devices for cryptomining. The SEC penalized the company for allegedly not disclosing how it gained from the crypto boom.

  Financial reporting

• 

  Inflation pounds small business optimism to 48-year low

  While the NFIB said price pressures have eroded optimism, the Federal Reserve warned that rising interest rates may complicate efforts by companies to pay off debt.

  Strategy & operations

• 

  Chipotle CFO doesn't rule out more food inflation despite pause

  Finance chief Jack Hartung said the restaurant chain has raised prices by a total of about 10% for the 12 months through the first quarter compared to 2% in a typical year.

  Strategy & operations

• 

  Judge dismisses class action against Wells Fargo, former CEO, ex-CFO

  Investors led by a retirement fund for Hawaii state employees failed to prove the bank unjustifiably inflated loans, understated loss reserves or misstated its practices, a judge ruled Friday.

  Strategy & operations

• 

  M&A success depends on 'Announcement Day' credibility

  Rising prices, higher borrowing costs, stock market volatility and other headwinds have slowed deal-making this year. CFOs considering M&A would do well to consider lessons from more than two decades of transactions, according to authors of a recently published book.

  Strategy & operations

• 

  Opinion

  With SEC's proposed climate rules, CFOs should listen to investors

  A stakeholder-influenced materiality assessment will help business leaders comply with the SEC's proposed disclosure rules and focus their sustainability efforts.

  Strategy & operations

• 

  Cannabis payments execs focus on compliance, creativity

  In the cannabis business, federal illegality has kept many banks and payments companies on the sidelines. That's opened the door for young companies that are using the ACH network to facilitate cannabis payments in states where it’s been legalized.

• 

  FASB homes in on cryptocurrency

  FASB has generally been cautious about moving to standardize accounting for bitcoin and other digital asset investments but its stance appears to be shifting. 

  Financial reporting

• 

  Appointment of women to Fortune 500 boards hits record high

  Boards have made strides toward greater diversity but still do not sufficiently represent some racial and ethnic groups, Heidrick & Struggles said.

  Strategy & operations

• 

  Skanska posts 21% dip in Q1 profits as CFO cites inflation

  Skanska CFO Magnus Persson, while citing a drag from inflation, identifies infrastructure spending as a future bright spot.

  Financial reporting

• 

  Professional workers 'significantly' harder to hire, retain: Conference Board

  CFOs are offering higher pay, more generous benefits and greater workplace flexibility in order to overcome the tightest labor market in years.

  Strategy & operations

• 

  Q&A

  New McCarthy CFO: Jobs crisis industry's 'biggest challenge'

  Kristine Newman, recently promoted to the CFO seat at the St. Louis-based contractor, said she believes building a unified front is key to combating the labor shortage.

  Strategy & operations

• 

  Global ESG standard-setting gains speed

  CFOs seeking to provide shareholders with more sustainability data must choose from a patchwork of inconsistent measurement frameworks. Regulators and other standard setters worldwide are now building a consensus behind uniform rules for gauging sustainability.

  Financial reporting

• 

  Grayscale CFO's crypto guidance wishlist includes FASB stopgap

  The recently intensifying focus of regulators on cryptocurrencies comes amid dramatic growth in markets for digital assets.

  Strategy & operations

More stories