FTX founder Sam Bankman-Fried gets 25 years in prison

The sentence was handed down Thursday, nearly five months after crypto’s former golden boy was found guilty on seven counts of fraud and conspiracy.

Startup looking to disrupt ERP market with AI raises $9.2M

New York-based Nominal said its funding round included participation from executives at Salesforce, ServiceNow and Intel.

Ford CFO: Bridge collapse will likely ‘lengthen’ supply chain

The automaker will have to divert parts to other ports along the East Coast or elsewhere in the U.S., Ford’s finance chief said Tuesday.

Chip costs weigh on AI ROI

AI-driven efficiency gains will likely propel ongoing investments. The cost implications for CFOs are just coming to light.

Mock earnings helped prep for IPO, Cava CFO says

The restaurant chain’s blockbuster 2023 initial public offering was seen by some as a promising sign for the lackluster IPO market.

GameStop’s interim CFO gets permanent seat

The appointment comes after significant churn in the position and as the company looks to turn around slumping sales.

SEC fines Arista Networks founder Bechtolsheim $1M for insider trading

Andreas “Andy” Bechtolsheim, who resigned as Arista chairman in December, allegedly arranged put options contracts for a relative based on non-public information about an imminent deal.

Interim ADM CFO gets $35K monthly pay boost

Embattled Archer Daniels Midland also gave interim finance chief Ismael Roig restricted stock valued at $1 million that will fully vest in March of next year.

Open Lending taps CFO for interim CEO, COO

Open Lending is leaning on its CFO of four years to position it for growth as it prepares for the “inevitable” recovery of the auto lending industry.   

AI scales up fraud controls, but humans still vital

AI analytics technology is turbocharging anti-fraud measures through its ability to process oceans of financial data.

Business execs gear up for ‘next phase’ of GenAI

Firms that have tested GenAI in pilots are now aiming for larger-scale investments while proceeding with caution, according to KPMG.

Zoom launches AI collaboration hub, brings automation to the fore

Zoom One bundles will rebrand to Zoom Workplace bundles for new and existing customers following a public release in April and May.

Tax-free M&A comes in crosshairs of bipartisan Senate legislation

An effort to scuttle deal-making tax exemptions coincides with signs of life in M&A after a severe slump last year.

Fintech Wise swipes Delivery Hero alum for finance chief

Emmanuel Thomassin will depart for the London-based money transfer provider after a decade in Delivery Hero’s top financial seat.

Office real estate value likely to plunge 26% through 2025: Moody’s

An above-average amount of commercial real estate debt will soon mature and property owners will need to refinance at the highest rates in years, Moody’s said.

How CFOs can tap procurement as a strategic enabler: SpendHQ

As finance chiefs search for ways to improve efficiency, teaming up with procurement may prove to be the key, SpendHQ CEO Scott Macfee says.

FASB backs off bigger software accounting revamp

It's been decades since the Financial Accounting Standards Board has made any major changes to GAAP accounting rules for software.

Companies plan 4.5% pay raises this year, outpacing inflation: Payscale

As price pressures fall, pay increases will help employees recover from the highest inflation in four decades, Payscale said.

Marqeta CFO touts EWA expansion

The card-issuing fintech has seen adoption of its debit card-linked EWA product increase as hourly workers at Walmart and Uber have been added, CFO Mike Milotich said.

Fed forecasts three, quarter-point rate cuts in 2024, holds main rate steady

Central bank officials upgraded their projection for 2024 economic growth to 2.1% while predicting unemployment will end the year at 4%.

Ex-Zillow, Amazon alum takes Varo CFO seat

The fintech will tap the Zillow and GE veteran’s financial acumen as it looks to return its path to profitability following a rocky 2023.

Boeing to spend $4B plus to fix safety, supply chain woes: CFO

The aerospace company’s finance chief on Wednesday detailed some of the financial implications of the safety issues that have have recently plagued the company.

Cube taps Workday alum to drive tech, finance synergy with new $20M funding

Workday alum Suresh Bala will keep his eye on the goals of the CFO as he taps the new funding to elevate Cube’s FP&A offerings, he said.

Pitney Bowes CFO exit brings more C-suite churn

Finance chief Ana Maria Chadwick is leaving Pitney Bowes roughly five months after then CEO Marc Lautenbach stepped down. 

Tech Q1 job cuts surge above 50K

The latest figures show that layoff activity in the tech sector may be far from over despite a huge drop after the first quarter of last year.