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Federal government to seize home of CFO who embezzled $30M

Richard Hajjar, former CFO of Alden Shoe Co., was sentenced to 70 months in prison after pleading guilty to wire fraud, unlawful monetary transactions and filing a false tax return.

PepsiCo CFO anticipating continued price hikes due to inflation

Hugh Johnston said the consumer packaged goods giant has suffered from supply chain constraints, but, because of its advanced planning, is faring "better than most."

Companies see consumption pricing as revenue booster

As the use of application programming interfaces (APIs) accelerates, charging by use rather than by users can make sense.

End of LIBOR moving too slowly: Fed's Quarles

"The reign of LIBOR will end imminently, and it will not come back," says Fed Vice Chair Randal Quarles.

U.S. 'AAA' rating may face pressure from debt limit brinkmanship: Fitch

The partisan impasse over raising the debt ceiling showed no signs of easing on Monday as Fitch Ratings warned of pressure on the U.S. credit rating.

Voice AI startup turns to HP, Nike vet to lead finance

Nitesh Sharan managed functions through the financial crisis and the pandemic. At SoundHound, he’s hoping to help steer a pioneer that could make the keyboard obsolete.

Report: CFOs make one-third of CEO pay

The survey was conducted by Compensation Advisory Partners. Last year, a BDO survey found CFOs make 42% as much as CEOs.

Adobe gets new CFO as it manages 22% revenue growth

Dan Durn, who is set to start on Oct. 18, has served as finance chief of three semiconductor manufacturing companies, and began his career as a lieutenant in the US Navy. 

BLADE controller on how he built his procure-to-pay process

The system can improve spend management even if not every vendor provides the most value, Gil Adler said.

IPOs, mergers surge as dealmakers ride post-lockdown rebound

Executives considering IPOs should act without delay and take advantage of favorable and vulnerable market conditions, EY said.

As it opens more brick-and-mortar stores, Ross hires new CFO

Adam Orvos, the discount retailer's supply chain president, takes over finance as Travis Marquette, his predecessor, fills the COO role at Burlington Coat Factory.

Health benefits an asset, not a cost, as talent wars heat up, CFOs say

“Value on investment” is a better way to look at health insurance costs than ROI, says a benefits specialist. 

Labor shortages may prolong inflation

The Federal Reserve may underestimate the impact of widespread labor shortages on inflation, central bankers say.

Food company CFO charged with 'theft by swindle'

Between 2013 and 2019, Thomas Wiechmann, Reichel Foods' CFO of 24 years, charged a total of $603,172.96 to company credit cards and kept the reward points, Minnesota District Court alleged in a complaint.

Adapting expense reimbursements to long-term remote work

A clear policy and an automated tool to ensure compliance can protect your organization from unnecessary costs while employees do their jobs off-site.    

Yellen warns of 'enormous' harm from U.S. debt default

Treasury Secretary Janet Yellen told Congress the U.S. will be unable to pay its bills on Oct. 18 unless lawmakers increase the federal debt limit.

Movie theater advertiser looks to new CFO following rocky quarters

Following news of Ronnie Ng’s hire, National CineMedia’s shares jumped by more than 11% on Monday, after a quarter with a 72% revenue drop.

Court upholds SEC 'gag rule' for executives who settle

The Securities and Exchange Commission has unique power to prevent defendants from challenging allegations they believe were never adequately proven, critics say.

As CEOs push for office returns, CFOs don't mind staying put

While many CEOs, most notably those in banking, push for a return to the office, most CFOs have found that finance-related tasks get done just as well from home.

Secure credit relationship before easy money goes away

If inflation persists, companies with limited financing options could find doors closed if they put off lender outreach, loan specialist says. 

Business forecasters see inflation heating up to 5.1%

Rapid price gains will persist through 2021 but slow next year in line with Federal Reserve projections, according to a panel of economists.

AB InBev CFO: 'You can't hide when a pandemic hits'

“The whole debate over finance and ESG, that you either choose one of the other, is a false dilemma. They go hand in hand,” Fernando Tennenbaum said.

CFOs might be at greater risk of problem gambling

Few companies have employee gambling policies but putting one in place could help head off trouble, specialists say.

AI poses threat to trust in business: OECD

As CFOs step up investment in AI, its growing complexity has created “an important challenge for trust and accountability,” the Organization for Economic Cooperation and Development said.

Portfolio companies could see indirect impact from House carried-interest changes

None of the changes are big but there could be some tweaks to the terms of capital raises as investors make tax-related strategic choices.