The Latest

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    Fed's Powell welcomes 'significant' tightening in financial markets

    Powell underscored the Fed’s determination to reduce inflation, just one of many items on a long roster of risks bedeviling CFOs.

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    Sergio Flores via Getty Images

    Moderna may seek to claw back payments to ex-CFO

    The vaccine-maker Moderna said it has the right to recoup any and all payments to ex-CFO Jorge Gomez if the company determines he engaged in any wrongdoing, according to an amended SEC filing Friday. An earlier filing said he would be provided a 12-month salary totaling $700,000 under a severance agreement.

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    Dan Kitwood/Getty Images News via Getty Images

    SEC enforcement attorney predicts 'a lot more fraud' in crypto markets

    The SEC will turn to litigation if needed to achieve “clarity” as it fights abuses in cryptocurrency markets, according to an attorney in the agency’s Enforcement Division.

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    Justin Sullivan via Getty Images

    Will Twitter CFO keep role in Musk-led scenario?

    While Parag Agrawal referred to himself as a "lame-duck" CEO last week, the jury is still out as to whether Twitter finance chief Ned Segal will stay on if Elon Musk's deal to buy the social media giant closes.

  • Wayfair CPO shifts to CFO, chief administrative officer role

    HR pros, who often have strong leadership skills and high emotional intelligence, can be model candidates for C-suite roles, according to one executive search firm.

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    zefart/iStock/Getty via Getty Images

    Companies need to align efforts at disclosure, cybersecurity: SEC attorney

    The SEC aims to protect investors from cyber-related risks by cracking down on companies that release misleading disclosures about cyberattacks, according to the top attorney in the agency’s Crypto Assets and Cyber Unit.

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    Zhanna Hapanovich via Getty Images
    Opinion

    Lessons from the M&A front lines

    Early in the deal-making process CFOs should think big and prioritize but they also need to consider steps for setting the tone after the ink dries.

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    SHansche via Getty Images

    U.S. regulators see 'endgame' to LIBOR phaseout

    Winding down LIBOR has reached the final stage as businesses increasingly borrow using an alternative reference rate, U.S. regulators said.

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    Dan Kitwood via Getty Images

    FASB shifts to prioritize 'rapidly evolving' crypto assets

    The board is getting serious about improving accounting standards for digital assets even as a crypto market slump is hammering valuations.   

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    Gabriel Kuchta via Getty Images

    Moderna CFO exits abruptly amid probe at former company

    Jorge Gomez's departure came just one day after he took the reins as CFO of Moderna, which has become a household name due to the rapid development and success of its coronavirus vaccine. 

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    qingwa via Getty Images

    General counsel face heightened liability risk as SEC seeks to drop SPAC safe harbor

    Projections to attract shareholders could trigger lawsuits as plaintiffs’ attorneys take advantage of what amounts to a shift in the burden of proof to operating companies.

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    Jack Taylor / Stringer via Getty Images

    SEC fines NVIDIA $5.5M for failing to disclose cryptomining impact

    NVIDIA rode the rush into crypto assets as customers used its gaming devices for cryptomining. The SEC penalized the company for allegedly not disclosing how it gained from the crypto boom.

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    Inflation pounds small business optimism to 48-year low

    While the NFIB said price pressures have eroded optimism, the Federal Reserve warned that rising interest rates may complicate efforts by companies to pay off debt.

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    Courtesy of Chipotle Mexican Grill

    Chipotle CFO doesn't rule out more food inflation despite pause

    Finance chief Jack Hartung said the restaurant chain has raised prices by a total of about 10% for the 12 months through the first quarter compared to 2% in a typical year.

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    Courtesy of Wells Fargo multimedia resources

    Judge dismisses class action against Wells Fargo, former CEO, ex-CFO

    Investors led by a retirement fund for Hawaii state employees failed to prove the bank unjustifiably inflated loans, understated loss reserves or misstated its practices, a judge ruled Friday.

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    Getty graphics via Getty Images

    M&A success depends on 'Announcement Day' credibility

    Rising prices, higher borrowing costs, stock market volatility and other headwinds have slowed deal-making this year. CFOs considering M&A would do well to consider lessons from more than two decades of transactions, according to authors of a recently published book.

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    Christopher Hope-Fitch via Getty Images
    Opinion

    With SEC's proposed climate rules, CFOs should listen to investors

    A stakeholder-influenced materiality assessment will help business leaders comply with the SEC's proposed disclosure rules and focus their sustainability efforts.

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    Justin Sullivan via Getty Images

    Cannabis payments execs focus on compliance, creativity

    In the cannabis business, federal illegality has kept many banks and payments companies on the sidelines. That's opened the door for young companies that are using the ACH network to facilitate cannabis payments in states where it’s been legalized.

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    Jack Taylor / Stringer via Getty Images

    FASB homes in on cryptocurrency

    FASB has generally been cautious about moving to standardize accounting for bitcoin and other digital asset investments but its stance appears to be shifting. 

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    Appointment of women to Fortune 500 boards hits record high

    Boards have made strides toward greater diversity but still do not sufficiently represent some racial and ethnic groups, Heidrick & Struggles said.

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    Courtesy of Skanska

    Skanska posts 21% dip in Q1 profits as CFO cites inflation

    Skanska CFO Magnus Persson, while citing a drag from inflation, identifies infrastructure spending as a future bright spot.

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    Professional workers 'significantly' harder to hire, retain: Conference Board

    CFOs are offering higher pay, more generous benefits and greater workplace flexibility in order to overcome the tightest labor market in years.

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    Permission granted by McCarthy
    Q&A

    New McCarthy CFO: Jobs crisis industry's 'biggest challenge'

    Kristine Newman, recently promoted to the CFO seat at the St. Louis-based contractor, said she believes building a unified front is key to combating the labor shortage.

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    Justin Sullivan via Getty Images

    Global ESG standard-setting gains speed

    CFOs seeking to provide shareholders with more sustainability data must choose from a patchwork of inconsistent measurement frameworks. Regulators and other standard setters worldwide are now building a consensus behind uniform rules for gauging sustainability.

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    Dan Kitwood / Staff via Getty Images

    Grayscale CFO's crypto guidance wishlist includes FASB stopgap

    The recently intensifying focus of regulators on cryptocurrencies comes amid dramatic growth in markets for digital assets.