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Biden climate policy poses credit risks for 'carbon-intensive' companies: Moody's

Biden administration plans for curbing climate change will increase credit risks for companies in carbon-intensive industries while creating business opportunities, Moody’s said.

Deutsche Bank posts strong quarter, OKs 3-day remote work: CFO

James von Moltke said the bank, going forward, intends to let employees work from home 40-60% of the time.

Compass CFO: Residential real estate is 'dying to be disrupted'

Compass, which went public on April 1, is in a period of hyper growth, Kristen Ankerbrandt told CFO Dive, "so [the executive team] needs to move quickly but thoughtfully."

Biden plan would increase taxes on multinationals by $1.2 trillion over 10 years: study

Biden’s proposal to raise corporate taxes to fund $2 trillion in infrastructure spending would harm U.S. competitiveness, the Tax Foundation says.

HSBC CFO: Bank 'very much' wants to shift to hybrid working model

"We've basically baked in about half of the cost of travel going forward," finance chief Ewen Stevenson says. 

Harvard CFO predicts second consecutive year of falling revenue

“It’s highly likely we’ll have two years in a row of declining revenues,” Thomas Hollister told The Crimson Tuesday; it would be a first-time event for the school since The Great Depression.

Deep Dive

Up from the ashes: How airline CFOs are preparing for the post-pandemic rebound

CFOs of airlines challenged by the pandemic are preparing for a rebound in demand, offering lessons for financial executives in less-stressed industries.

CFO role has grown during pandemic: Accenture

CFOs have taken on greater responsibilities since the onset of COVID-19, especially those at government agencies handling record pandemic aid, Accenture said.

DoorDash juggling fees, commissions to retain restaurants

The delivery app's new pricing structure uses higher consumer fees to help offset reduced revenue from lower commissions.  

Biden tax hikes won't change company credit plans: Moody's

Companies have shown they’re impervious to tax policy changes in part because of low interest rates and investors’ hunt for yield.

Financial crisis tested CFO's management lessons

The mortgage meltdown was trial by fire for a finance leader whose only experience to that point was public auditing.

As probe continues, Trump Organization CFO's past comments emerge

In a recently unearthed deposition from 2010, Trump Organization CFO Allen Weisselberg, who is under investigation, said he steers clear of the “legal side” of the former President's business dealings. 

After bombshell quarter, Chipotle's CFO focuses on sustainability

Amid discussions of carbon neutrality, a $15 federal minimum wage and a quickly evolving fast casual landscape, Jack Hartung says the chain remains committed to its employees and agricultural partners.

SPAC market during Q1 showed 'explosive growth': Duff & Phelps

The SPAC market boomed during the first quarter of 2021, Duff & Phelps said, noting that SPAC warrants this month have come under regulatory scrutiny.

Capital raises, along with expectations, getting bigger, VC funder says

For hot companies in hot markets, the amounts are exceptional, Christoph Janz of Point 9 Capital says.

Twitter CFO: Don't let strategy drown out operations

Technology will take over more functions, but finance should stay close to the numbers, Ned Segal said.

Businesses can only expect limited boost from stimulus checks: Fed study

Households have channeled federal stimulus checks primarily towards savings or reducing debt, giving businesses just a limited lift from consumer spending, according to the Fed.

Johnson & Johnson stronger today than pre-pandemic, CFO says

Despite the setback with its COVID-19 vaccine, the company has seen sales across its product lines increase almost 8%, Joseph Wolk said as the biopharma giant shared its first quarter results Tuesday. 

REPAY's 2019 SPAC deal enabled leadership to control own destiny

The digital payments company's IPO merger generated a lucrative exit for investors, CFO Tim Murphy said.

New SPAC scrutiny demands solid forecasts

The Securities and Exchange Commission has signaled there’s no safe harbor for merger-related forward guidance if numbers aren’t justified.

Boeing CFO, once considered on deck for CEO, to retire

Greg Smith has been with the aerospace company for more than 30 years and briefly served as interim CEO before David Calhoun took the reins in January 2020.

Rising number of IRS corporate audits end in 'no change': tax expert

Companies have outgunned IRS auditors with high-paid accountants and attorneys, pushing up the number of audits that result in no change to tax filings, tax experts say.

SPAC warrants as liability called an expensive change

Companies will have to recalculate valuations for every quarter leading up to and after the combination agreement using a complex analytical method, a specialist says.

As travel resumes, Expedia CFO prioritizes marketing spend

After cutting costs and initiating three rounds of layoffs in 2020, Eric Hart, who leads strategy and finance for the online travel site, said brand and performance marketing spending will be a priority going forward. 

Democrats, Republicans finalizing draft LIBOR bill, pledging cooperation

The legislative effort to smooth the phase-out of LIBOR will test whether the two parties can cooperate in heeding warnings from regulators of systemic risk.