Hindsight 2020: An unlikely road to Snowflake’s CFO seat

From a travel excursion to Italy to uncovering massive fraud, Mike Scarpelli had his fair share of challenges on his way to the CFO seat.

By Elizabeth Flood • March 23, 2023

C-suite pay ‘paper losses’ emerge in PVP filings

Executive compensation or what is effectively realizable pay swings from as much as $1 billion to negative $644 million, proxies from early filers show. 

By Maura Webber Sadovi • March 22, 2023

Explore the Trendline➔

ESG transforming CFO role

Companies are turning to their CFO to identify ways to measure and report on their organization's environmental, social and governance (ESG) performance.    

By CFO Dive staff

Fed hikes main rate by quarter-point, notes ‘resilient’ banking system

The central bank tightened borrowing costs despite banking instability as inflation persists well above its 2% target.

By Jim Tyson • March 22, 2023

Papa Johns CFO resigns

Ann Gugino, who has been at the pizza chain since 2020, is leaving effective May 31. Papa Johns has begun a search for a permanent CFO. 

By Julie Littman • March 22, 2023

IRS issues NFT tax guidance

The IRS seeks comment on NFTs’ treatment under the newly proposed tax guidance as regulators and lawmakers consider the future of cryptocurrency and digital asset spaces.

By Grace Noto • March 21, 2023

Accountants head overseas for talent

The lure of sexier jobs in the tech sector has cut into the number of U.S. students pursuing accounting careers. Looking abroad for talent may be the next best move.

By Elizabeth Flood • March 21, 2023

IRS misses deadline for upgrading business transcript system

The IRS has faltered as it shifts business tax transcript requests from a paper to an online system, according to the agency’s inspector general.

By Jim Tyson • March 20, 2023

Bipartisan Senate bill would bolster SEC whistleblower safeguards

The SEC’s program for gathering tips on securities law violations has imposed $6.3 billion in sanctions since its creation.

By Jim Tyson • March 17, 2023

Does SVB failure expose CFO job creep’s weaknesses?

The bank's chief risk officer seat was left vacant for much of 2022, raising questions about how such responsibilities are distributed and to whom in the modern C-suite.

By Grace Noto • March 16, 2023

Nearly one-third of CFOs to diversify deposits across banks: study

CFOs are looking to take immediate action to assess the risk and exposure to their businesses following recent bank failures.

By Elizabeth Flood • March 16, 2023

SEC fines IT firm DXC $8M for ‘misleading’ disclosures

DXC lacked adequate controls for the review, approval and classification of costs, according to the SEC.

By Jim Tyson • March 15, 2023

Burberry poaches CFO from McLaren

The British luxury fashion house announced another change in its C-suite after naming a new CEO just last year.

By Elizabeth Flood • March 15, 2023

SVB failure could cloud CFOs’ sunnier outlook

CFOs are cautiously optimistic for 2023, according to Deloitte’s latest CFO signals survey, but the swift downfall of SVB could test that.

By Elizabeth Flood • March 14, 2023

Signature Bank CFO among those named in investor lawsuit

A proposed class-action complaint claims the bank and its leaders misled investors about Signature Bank’s financial standing.

By Lyle Moran • March 14, 2023

Finance tech guru dishes on ChatGPT

While the technology holds promise, concerns over the privacy risks are justified for now, finance tech expert Glenn Hopper says.

By Alexei Alexis • March 13, 2023

SVB could be biggest story for CFOs since COVID-19

The CFO Leadership Council held an emergency meeting on the Silicon Valley Bank crisis Friday while some finance leaders are bracing for broader ripple effects.

By Maura Webber Sadovi • March 13, 2023

SVB exposure: FAQs

In the wake of Silicon Valley Bank’s weekend implosion, CFOs are left scrambling to figure out the fate of deposits, payments and loans, as well as how exposure to the bank could impact their business.

By Grace Noto • March 13, 2023

DocuSign makes surprise CFO transition announcement

Cynthia Gaylor is stepping down from her role as CFO as the company handles the aftermath of two rounds of layoffs and leadership team expansion.

By Elizabeth Flood • March 13, 2023

Most companies lack technology needed for SEC climate rule: survey

Global standard-setters face pushback from companies ill-equipped for complying with climate risk disclosure rules.

By Jim Tyson • March 10, 2023

Allbirds replaces CFO with ex-Adidas exec

The Silicon Valley favorite sneaker brand is the second direct-to-consumer brand this week to report disappointing earnings and a CFO transition.

By Elizabeth Flood • March 10, 2023

Walmart bets on digital retail future, CFO says

The retail giant is focusing on in-store technology and logistics improvements and positioning stores as distribution points for online shopping.

By Suman Bhattacharyya • March 9, 2023

CFO base pay raises outpace CEOs’

Finance chiefs edged out top executives for salary increases on average, though CEOs saw higher gains in total compensation.

By Grace Noto • March 9, 2023

Allstate focused on profitability first, growth second

CFO Jess Merten outlined the company’s strategy as its largest competitors take an opposite approach.

By Elizabeth Flood • March 9, 2023

PayPal CFO hits the exit

PayPal CFO Blake Jorgensen, who has been on a medical leave since September, left his role Tuesday.

By Lynne Marek • March 8, 2023

CrowdStrike revenue soars amid high cyber demand

The cybersecurity company reported record financial results in spite of macroeconomic headwinds.

By Alexei Alexis • March 8, 2023