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CBO: US federal debt to surge this decade, fueled by rising deficits

Annual federal deficits will rise to 5.7% of GDP by 2031, increasing U.S. debt to a record 107% of GDP that year, according to CBO projections.

PepsiCo CFO: 'The world is permanently shifted'

Hugh Johnston credited the company's successful fourth quarter to its commitment to understanding its new, evolving environment. 

FASB OKs more timely goodwill impairment testing

Finance teams can wait until their company’s next reporting period to test for any reduction in value.

How CFOs can use churn, NPS data to grow revenue

By linking net promoter score with other metrics, finance chiefs can help executives know where intervention can help boost recurring revenue.

In IPO preparation, Asian e-grocer Weee hires first CFO

The online grocer specializing in hard-to-find Asian foods became profitable in 2020. Its new CFO, Ankur Shah, says its sights are now set on growth, expansion and a public listing.

Twitter CFO: Jump in January users after Trump ban

The social media platform added more daily active users in January, the month Trump was banned, than the average of the last four Januarys, Ned Segal told CNBC. 

Data model helps CFO see forest for the trees

Tom Berquist, CFO of software company TIBCO, applies Wall Street experience to help make acquisitions work, whether they involve hot new companies or old workhorses. 

Lilly CFO steps down after investigation found 'inappropriate' behavior

Josh Smiley had engaged in "consensual though inappropriate" personal communications with certain employees, according to Lilly. Anat Ashkenazi, CFO of Lilly Research Laboratories, will replace him.

Balancing trade-offs as a CFO leadership skill

Aryaka CFO Brad Kinnish uses hard-won communication skills to help colleagues, board members and investors weigh competing priorities.

Survey: CFOs plan to shore up reserves against pandemic, other risks

CFOs are reacting to the pandemic-induced downturn by reshaping risk strategies and cushioning against future shocks, a Euler Hermes survey finds.

Big-company CFO departures spiked amid COVID-19

CFOs who have left their post are not in a hurry to jump into another big-company CFO role, a Wall Street Journal analysis found.

Hershey's CFO: Stay-at-home mandates 'played to our strengths'

When 2020 showed "just how precious" family rituals and traditions are, classic Hershey's products reaped the benefits, CFO Steve Voskuil said.

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Procurement and finance, it's time to cast your tensions aside

The finance team's input and expertise can help complex procurement activities, laying the building blocks for collaboration.

CFOs turn to shelf registrations to position companies for capital raises

Filings can have a short-term negative impact. But when the timing is right, they help companies move quickly with stock and other offerings.

Chipotle remains 'impressive' despite share price drop, CFO says

Despite the pandemic, in no region has Chipotle’s digital business dropped below 40%, which is CFO Jack Hartung’s "rough floor" for online sales, he told Barron’s.

Merck CFO promoted to CEO

Frazier, who's retiring after a three-decade career at Merck, will hand the reins to CFO Robert Davis at the end of June.

CFO's pricing metric helped SaaS company get through COVID-19

Smart pricing allowed process management software provider Cherwell to get the most from its subscribers while new business languished.

L Brands CFO of 14 years to retire; Victoria's Secret sale could be next

Stuart Burgdoerfer will oversee the separation of the retail giant's lingerie business from Bath & Body Works before he leaves in August, the company said.

Study: States cut corporate taxes despite pandemic-induced shortfalls

A plunge in tax revenue caused by the downturn in 2020 did not discourage several states from trimming corporate income taxes.

Amazon CFO allays investor concerns regarding Bezos, Jassy

On an earnings call Tuesday, Brian Olsavsky assured investors CEO Jeff Bezos is "not leaving" the company, and will maintain his hand in decision-making as executive board chairman.

Former WageWorks CEO, CFO fined for improperly recognizing revenue

The penalty includes clawbacks of the executives’ incentive-based compensation.

Study: Companies pivoted during Q3, boosting production even as pandemic spread

After the initial blow from the coronavirus, companies reallocated resources and revived production during the third quarter of 2020.

Diverse CFOs could be heading into board-seat golden age

As companies try to meet ESG measures, and a likely Nasdaq rule, efforts to add women and minorities to boards are moving from talk to action, opening opportunities for finance executives. 

SEC appoints policy advisor to advance new initiatives on ESG

The appointment of an ESG advisor by the acting SEC chair follows commitments by President Biden to redouble efforts to combat climate change.

Study: Digital finance helped CFOs obtain pandemic aid

Government multiplied the impact of PPP and other aid thanks to the robust digital infrastructure in place, a McKinsey study found.