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Apple restricts ChatGPT, GitHub Copilot use over data worries: report
The company limited use of the AI tools for some employees amid concerns over confidential data, the Wall Street Journal reported Friday.
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Retrieved from Dole.
Dole incurs $10.5M in direct costs from February ransomware attack
The attack impacted about half of Dole's legacy company’s servers and one-quarter of its end-user computers.
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Investors oppose using ESG criteria in retirement funds: Gallup
U.S. companies face intense pressure to embrace sustainability even as many Americans do not want ESG goals to guide the investment of their retirement money.
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Fostering diverse banking relationships key to balancing risk
The wobbles in the banking industry put a spotlight on the importance of diversifying banking and financial relationships for CFOs looking to mitigate business risk.
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The CFO design thinking mindset
Taking a human-centered approach to leadership is key for CFOs to craft agile leadership strategies, IMA’s Loreal Jiles said.
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Recession likely to start in Q3 as Fed sustains inflation fight: Fannie Mae
The Fed may keep borrowing costs high and trigger a downturn if robust wage gains persist in coming months, Fannie Mae said.
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Foot Locker taps Kohl’s exec for CFO
Kohl’s alum Michael Baughn will move into Foot Locker’s CFO role as the sneaker retailer reported slumping sales and lowered 2023 guidance.
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Walmart to invest in supply chain as it outshines big-box rivals
Walmart attracted budget-conscious customers, but inflation persists as one of its strongest headwinds.
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Opinion
Why CFOs must beef up their CX playbooks
The B2B market is facing a new generation of decision makers who are accustomed to speedy digital customer experiences, according to Billtrust CFO Bob Purcell.
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Ex-fabric CFO accused of losing $35M in crypto crash
The former CFO is charged with investing the funds without permission into his own crypto venture before losing them during the market’s crash, according to a federal indictment.
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CFOs bullish on M&A prospects: survey
The research revealed that a large number of business leaders are optimistic about the economy, with more than half expecting the expansion to continue.
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GE promotes insider to CFO, prepares for spin-offs next year
Ahead of their planned three prong spin-off, the industrial giant has promoted Rahul Ghai, 51, to take the financial helm.
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Salaries for financial professionals rise 5% yet lag inflation
CFOs in January gained a 4.2% increase in base salary, on average, compared with their pay 12 months before.
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Ex-Amazon finance leader headed for DocuSign
The new finance chief will help DocuSign to unlock both growth and operational efficiency, the company’s CEO said.
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M&A falters despite ‘heavily discounted prices’: PitchBook
Deals valued at below $100 million accounted for a record proportion of M&A transactions during the first quarter.
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Data key to grasping generative AI fundamentals
As more companies try out generative AI, understanding the role and importance of the data underpinning these models is crucial for CFOs.
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Lyft CFO steps down in latest of leadership changes
In the first week of his tenure, new CEO David Risher announced a 26% reduction in Lyft’s corporate workforce. Now, the current CFO is stepping down.
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SEC fines 10 microcaps for flawed stock offerings
The SEC sanctioned small companies that failed to follow rules under Regulation A, which offers early-stage businesses a low-cost way to raise capital.
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Disney CFO, ex-CEO named in shareholder lawsuit
The 39-page court document alleges that Bob Chapek, Christine McCarthy and Kareem Daniel misled investors regarding the health of the business.
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Deep Dive
The dawn of the interim CFO
With financial leadership coming at a premium, interim CFOs are having their moment in the spotlight.
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Costs again rank as CFOs’ top automation hurdle
In a survey commissioned by software provider OneStream, budget constraints surpassed employee skill gaps and return on investment issues as obstacles to new technology investments.
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US cyber insurance premiums exceeded $7.2B last year
Despite sharp price increases over recent years, cyber insurance is in high demand as a risk mitigation strategy, according to Fitch Ratings.
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Costs of software supply chain attacks could exceed $46B this year
Losses attributed to software supply chain attacks will jump 76%, reaching almost $81 billion by 2026, according to Juniper Research.
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Big 4 accounting firms squeeze traditional MSP market
The blurring of lines between software and business processes is a boon for big-four firms looking to managed service providers to expand client offerings.
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AI needs cohesive regulation to reduce public risk, experts say
The risk associated with AI's speedy evolution calls for uniform legislation, a panel of executives and government officials said last week.