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Sizing up ESG data and reporting quality

How do you move from talking the talk on environmental, social and governance goals to walking the walk on measuring and reporting?

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CFO KPI Close-up: Customer retention

Retaining customers begins with not giving them an excuse to leave, especially during times of economic uncertainty, three customer retention experts say. 

Equinox finance VP steps in as Noodles & Co. CFO

Carl Lukach arrives as the chain continues its rebound efforts after an early-pandemic struggle to maintain business. In the spring, Noodles saw same-store sales drop by double digits. 

COVID-19 driving rise in loan portability

Between the pandemic, election, international trade and low interest rates, it’s a perfect storm for debt to carry with a company to a new owner as a way to speed sales.

Delta CFO to step in at GM

Paul Jacobson, 48, walked back initial plans to retire in April, opting to stay with Delta as it weathers the pandemic. He moves to the automaker on December 1.

CFO compensation less than half of CEO pay, study finds

Across industries, middle market CFOs have seen up to a 50% base pay reduction amid COVID-19, according to a BDO study. 

Finance leadership means owning blame, CFO says

Hire people smarter than you, give them credit and take responsibility when things go wrong, because you only succeed when they do, Bluecore CFO Michelle McComb says. 

Extraction, retail companies comprise majority of 2020 mega bankruptcies

Filings by companies with $100 million or more in assets have jumped 84% over last year. More than a third involve companies with $1 billion or more in assets.

Study: Stock compensation reporting may be misleading

Companies that report performance-based stock compensation as a target may give investors unhelpful information, according to University of Missouri assistant professor, Andrea Pawliczek. 

Opinion

Chart your exit right from the start

Waiting to start planning your team's exit strategy until you're showing year-on-year growth, or any benchmark, limits your options.

xP&A: The logical evolution of FP&A

Champions of extended analysis say its planning looks at more — and more types — of data, leading to better-aligned organizational decisions.

Tapestry CFO to become CEO

Joanne Crevoiserat, hired last year as CFO of the parent company of Coach, Kate Spade and Stuart Weitzman, has been interim CEO since Jide Zeitlin's abrupt July departure.

Matching loan type to business stage

Whether you take out a growth capital term loan, asset-based loan, revolving line of credit or traditional venture debt, extending your runway depends on where your company sits on its growth curve.

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CFO KPI Close-up: Return on invested capital

"ROIC is a vastly superior way to measure long-term success than EBITDA," Jack McCullough of CFO Leadership Council says. So why don't more CFOs track it?

Survey: CFOs asked to lead digital resource allocation, staffing

Companies increasingly look towards finance leaders for guidance on allocating both digital resources and staff as companies prolong remote work, new research from Protiviti finds.

Pool of big-company CFOs shrinking

Finance leaders with the right experience want to move into the CEO seat rather than make a lateral move to another company of comparable size.

4 cost management mistakes for CFOs to avoid in 2021

Under pressure to digitize and capitalize on growth opportunities, while reducing expenses, CFOs are likely to make decisions that can jeopardize their organization’s recovery, Gartner Finance says.

SEC hits Goldman Sachs with $2.9B bribery fine; $174M in compensation clawed back

The penalty is the largest imposed on a U.S. company under the Foreign Corrupt Practices Act, the Department of Justice says. 

PwC releases ESG reporting app

Finance leaders are under pressure to measure their company's performance on environmental, social and governance values. 

Nasdaq promotes CAO to CFO

Ann Dennison will report to CEO Adena Friedman, making Nasdaq one of few large, public companies with both a female CEO and CFO. 

Shifting to revenue growth from margin improvement

CFO Sachin Patel helped healthcare data analytics company Apixio drive a strategy focused on lifetime customer value. 

Private credit coming off strong summer of dealmaking

Deals are mostly structured, loan portability is emerging as a trend, and competition is strong for syndicated junior loans, lenders say. 

Goldman Sachs partner joins Israeli cybersecurity startup as CFO

Deep Instinct, where Heather Bellini will step in on January 1, is planning on an IPO in two to three years.

SEC charges Andeavor for inadequate controls

The company failed to show a stock buyback complied with a policy prohibiting repurchases while it was in possession of material non-public information.

HVAC manufacturer Carrier hires 2nd CFO within 1 year

The Florida-based company filed its IPO six months ago, following a spinoff from its former partner United Technologies Corp.