The Latest

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    Burberry CFO to leave in second C-suite switch

    Burberry CFO and Chief Operating Officer Julie Brown will step down after a six-year term, the second top executive shakeup at the luxury brand in the past year.

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    Sponsored by CICPAC

    Mobile workforce guidelines for contractors

    What are the best methods for compliance and cost reduction of a mobile workforce?

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    Boeing to pay $200M to settle SEC charges regarding 737 MAX

    Boeing is showing signs of recovery from the 737 MAX debacle, with top executives saying that the plane maker this year will achieve positive free cash flow on an annual basis for the first time since 2018.

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    Courtesy of ADM

    ADM CFO sees ag giant’s pivot paying off in profits, crucial food security

    Vikram Luthar, appointed CFO of Archer-Daniels-Midland in April, gained a keen awareness of the value of affordable healthy food growing up in India.

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    pixelfit via Getty Images

    Companies mull benefits of interim CFOs

    Interim CFOs can cut through politics to help navigate companies through murky waters, experts say.

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    Photo by cottonbro from Pexels

    CFOs continue talent retention battle

    Despite finance chiefs’ efforts to streamline the work of finance departments, only 20% saw talent retention as an ensuing benefit, Deloitte’s Q3 Signals Survey said.

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    Drew Angerer via Getty Images

    Fed redoubles inflation fight, raising main rate 75 basis points

    Fed officials raised their projections for inflation and unemployment while marking down their forecasts for economic growth.

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    Justin Sullivan via Getty Images

    Visa CFO eyes B2B, remittances for growth

    Visa is eyeing certain portions of the B2B market for near-term growth, the company’s chief financial officer said during a conference last week. It’s also building out its network for remittances.

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    Nearly half of CFOs ditching just-in-time supply chains: Study

    Cybersecurity, emerging technologies and inflation also remain top priorities for CFOs over the next 12 months as they look to navigate a challenging economic environment.

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    CFOs need to prep for healthcare’s lagging inflation

    Healthcare costs are expected to jump 6.0% next year. CFOs must prepare accordingly, advises WTW’s Tim Stawicki. 

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    FASB LIBOR relief draws support, deadline nears

    The proposal would extend accounting relief for another two years to borrowers switching LIBOR-linked loans to new benchmarks.

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    Al Bello via Getty Images

    Fed tightening deepens housing recession

    Record home prices, mounting construction costs and a Fed-spurred rise in mortgage rates have worsened a downturn in housing, homebuilders said.

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    Kena Betancur via Getty Images

    SEC presses for economic risk disclosures

    The SEC’s focus on disclosures related to turbulence in the economy comes as the agency pushes companies to disclose more about executive pay. 

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    Jason Merritt via Getty Images

    Citi alum takes on permanent CFO role for Tanger REIT

    The REIT appointed Citi managing director Michael Bilerman to its top financial seat three months after ousting its previous CFO, a 28-year veteran of the company.

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    Reputation’s new CFO says scenario planning is key

    Seasoned SaaS financial leader Marc Linden says CFOs need to prepare for macroeconomic turbulence. 

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    SKapl via Getty Images

    Suspended Ammo CSO protests ‘misleading claims’ as board skirmish continues

    Ammunitions manufacturer Ammo Inc. and its top shareholder, Urvan Group, are continuing to tussle over its future leadership as suspended executives protest ‘misleading claims.’

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    Joe Raedle via Getty Images

    CFOs see hiring woes persisting into 2023: Gartner

    Hiring and retaining workers, forecasting and cost-cutting are the top three most difficult tasks on CFOs’ to-do lists over the next 12 months, according to a recent Gartner survey. 

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    Most CFOs say controllership not ready for digital future

    Financial executives said controllers are not fully equipped to take on a bigger role in strategic planning, according to a survey by Deloitte and the Institute of Management Accountants.

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    Tim Boyle via Getty Images

    Emmi Group poaches CFO from Calida Group

    The dairy producer appointed Sacha D. Gerber as CFO. Gerber plans to leave the top financial position at luxury underwear company Calida Group.

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    Recession likely from Q4 through Q1 2023, Conference Board says

    Fed tightening, stubbornly high inflation and a slump in consumer spending will probably trigger a downturn during the fourth quarter, the Conference Board said.

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    ronstik via Getty Images

    Nearly one third of employers balk at pay transparency: study

    With more states requiring pay disclosures, companies and their financial executives need to develop a consistent national strategy, said Mariann Madden of WTW. 

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    Expedia swipes CFO from home retailer Williams-Sonoma

    Williams-Sonoma CFO Julie Whalen will move to the top financial seat for travel and hospitality service Expedia Group as it looks to enact a new sustainability strategy.

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    Slowing economy could mean boost for budget-friendly litigation finance

    The appeal of litigation finance — which has evolved into a $17 billion business — could rise in a slowing economy as investors warm to non-correlated assets.

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    30% of CFOs see economic downturn triggering layoffs: study

    CFOs expect potential layoffs, workforce retention challenges and move to implement cost-cutting measures as an economic downturn becomes more likely.

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    Piranka via Getty Images

    Closing funding gender gap is long-term play, female execs say

    Only 2% of venture capital dollars are going to female founders, but ensuring a pipeline of successful female-led firms requires an intentional strategy.

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    CFOs need to ‘get smart’ about ESG reporting

    “ESG requirements are changing the landscape of corporate America,” said Lisa Edwards, president and chief operating officer of SaaS firm Diligent.