Financial Reporting: Page 12


  • Warehouse workers for Direct Relief stand around containers of supplies.
    Image attribution tooltip
    Courtesy of Direct Relief
    Image attribution tooltip

    Direct Relief taps Salesforce CFO for CEO

    Salesforce CFO Amy Weaver announced her intent to depart last year; in February, the software giant announced it would be combining its CFO and COO roles into a newly-created “COFO” position.

    By March 7, 2025
  • Image shows a spinal medical device.
    Image attribution tooltip
    Courtesy of Orthofix
    Image attribution tooltip

    Orthofix’s fired execs’ lewd, ‘graphic’ texts surface in legal battle

    The medical device maker didn’t originally specify the reasons behind the 2023 firing of its CEO, CFO and CLO. Now, a court case is illuminating the story behind the terminations.

    By March 7, 2025
  • Trendline

    CFO best practices in the evolving generative AI era

    As the initial frenzy around the launch of generative artificial intelligence subsides, a new GenAI era appears to be taking shape.

    By CFO Dive staff
  • Demonstrators protest against Elon Musk on Feb. 22, 2025 in Seattle, Washington
    Image attribution tooltip
    David Ryder via Getty Images
    Image attribution tooltip

    Tesla CFO sells $1.7M more in stock

    The sale comes as Tesla’s stock has lost a third of its value since President Donald Trump took office, amid a backlash against the EV maker’s CEO Elon Musk and a broadening trade war. 

    By March 6, 2025
  • accounting
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    AICPA strips ‘competencies’ from new CPA licensure path

    The revised proposal comes as more states are seeking to stop requiring certified public accountants to complete 150 hours of college credits to get licensed.

    By March 5, 2025
  • Patrons at a Chicago Starbucks after the coffee chain on Feb. 25, 2025.
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Starbucks gives incoming CFO $5M signing bonus

    The bonus is part of a bid to induce CFO Cathy Smith to join the coffee retailer as well as to help her recoup some of the compensation she forfeited as she prepares to depart Nordstrom for Starbucks.

    By March 4, 2025
  • Technician in server hub doing face palm gesture, trying to protect hardware from hacker stealing information
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Cyberattacks targeting IT vendors intensify, causing bigger losses

    Ransomware criminals are on the hunt for prime targets that can yield bigger payouts, according to cyber risk management firm Resilience.

    By March 4, 2025
  • Nissan Sentra 2025 traveling on road
    Image attribution tooltip

    Provided by Nissan Motor Co. 

    Image attribution tooltip

    Trump tariffs: March madness runs down the clock

    Stocks slumped Monday after President Trump reasserted U.S. tariffs on imports from Canada and Mexico would go into effect Tuesday.

    By Updated March 3, 2025
  • Trump holds up a signed executive order on issues including crypto and AI on Jan. 23, 2025.
    Image attribution tooltip
    Anna Moneymaker via Getty Images
    Image attribution tooltip

    Crypto firm Tether appoints new CFO before full audit

    Tether will conduct a full audit in a bid to leave behind a somewhat checkered past with U.S. regulators as the Trump administration courts the crypto industry. 

    By March 3, 2025
  • A business professional on their laptop in a work meeting
    Image attribution tooltip
    Getty Images
    Image attribution tooltip
    Sponsored by Eide Bailly

    4 ways organizations can improve profitability

    Boosting profitability starts with making smart decisions backed by strong data.

    March 3, 2025
  • The Robinhood website shown on a computer in June 2024
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Robinhood CFO sells $1.2M in shares following dropped SEC investigation

    The sale comes as the platform is eyeing further expansion into the industry and follows on the heels of the SEC dropping an investigation into Robinhood’s crypto unit. 

    By Feb. 28, 2025
  • Banner with 'Taxation and Regulation for Digital Assets' text, featuring Sovos and CFO Dive logos, alongside an image of hands analyzing financial charts
    Image attribution tooltip
    Alyssa Eckel-Martin/CFO Dive
    Image attribution tooltip
    Sponsored by Sovos

    [Podcast] Modern Tax Compliance

    Stay ahead of tax compliance with Modern Tax Compliance, a new Sovos podcast covering regulations, real-time monitoring, and digital assets.

    By CFO Dive's studioID • Feb. 28, 2025
  • Salesforce
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Salesforce expects AI agent push to yield ‘modest’ returns this year

    The company’s stock price dipped after it reported revenue guidance for the coming year that fell short of analysts’ expectations.

    By Feb. 27, 2025
  • Mark Koziel
    Image attribution tooltip
    Courtesy of AICPA
    Image attribution tooltip

    New AICPA CEO vows to be ‘vocal’ if IRS cuts affect service

    Mark Koziel is taking the accounting organization’s reins as the industry faces headwinds related to taxes, the PCAOB and CPA licensure reform.

    By Feb. 27, 2025
  • servers
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Super Micro internal control flagged in delayed 10-K filing

    The AI server maker’s shares jumped about 12% Wednesday after it said it had “regained compliance” with Nasdaq filing requirements.

    By Feb. 26, 2025
  • judgment enforcement
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    PCAOB fines PwC Israel $2.7M for exam answer sharing

    Monetary penalties imposed by the PCAOB during Biden’s presidency were over six times higher than those seen during the first Trump administration, according to a recent report.  

    By Feb. 26, 2025
  • Business woman studying financial data on computer screen.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Accelerating the accounting strategic shift: Brex CAO

    Leaders need to meld AI’s potential benefits with the judgment and experience of skilled accountants to best take advantage of the technology.

    By Feb. 25, 2025
  • Close-up Portrait of Software Engineer Working on Computer, Line of Code Reflecting in Glasses.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Amplitude CFO focuses on value amid ‘year of the platform’

    The data analytics firm is positioning itself to reach profitability this year as businesses look to consolidate software costs amid impacts from AI.

    By Feb. 24, 2025
  • A box labeled "Hasbro" is displayed, along with other store products.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Hasbro projects slight revenue growth this year despite tariffs

    The toy company is looking to “diversify our manufacturing footprint to create optionality as we navigate the trade environment,” CFO Gina Goetter said.

    By Feb. 20, 2025
  • Engineer works at a table with a laptop, papers and a hard hat.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Wood Group CFO resigns after ‘incorrect description’ of qualifications

    Arvind Balan said he decided to step down to minimize “distraction at this very pivotal time with our investors and lenders.”

    By Feb. 20, 2025
  • Judges Or Auctioneer Gavel On The Dollar Cash Background
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    One-time EV darling Nikola files for Chapter 11 bankruptcy

    The filing comes several months after CFO Tom Okray warned Nikola only had enough cash to meet its obligations into, but not beyond, Q1 2025.

    By Feb. 19, 2025
  • Shot of a Southwest plane taking off from a California airport on July 25, 2024
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip

    Southwest to cut 15% of leadership staff ahead of CFO shift

    The “unprecedented” layoffs of senior and corporate leaders come as Breeze Airways alum Tom Doxey gears up to take Southwest’s CFO seat.

    By Feb. 18, 2025
  • DOJ use of statements of interest in antitrust law
    Image attribution tooltip
    Bo Shen via Getty Images
    Image attribution tooltip

    Super Micro says DOJ, SEC subpoenaed documents

    The AI server maker’s accounting has drawn scrutiny in the wake of a highly critical report on the company from the now-defunct short-seller Hindenburg Research.

    By Feb. 12, 2025
  • Close-up Portrait of Software Engineer Working on Computer, Line of Code Reflecting in Glasses.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    OneStream sees high demand despite ‘near-term headwinds’

    “If there’s a growing sense of uncertainty [among CFOs], we’re probably going to feel it a little bit first,” said Tom Shea, the finance software maker’s CEO. 

    By Feb. 12, 2025
  • Shot of a Kroger storefront in Houston, Texas on Sept. 9, 2022
    Image attribution tooltip
    Brandon Bell via Getty Images
    Image attribution tooltip

    Kroger taps PepsiCo alum as next CFO

    The appointment comes two months after Kroger’s $25 billion merger with Albertsons was blocked by an Oregon District Court judge.  

    By Feb. 12, 2025
  • Southwest aircraft on a runway at an airport in Baltimore Maryland on Oct. 11, 2021.
    Image attribution tooltip
    Kevin Dietsch via Getty Images
    Image attribution tooltip

    Southwest appoints Breeze Airways alum to CFO chair

    The new CFO joins the budget-friendly airline as it aims to realize $500 million in cost savings while facing inflationary pressures and challenges to its fleet capacity.

    By Feb. 11, 2025