TIAA sues SVB ex-CEO, ex-CFO to recoup investment losses

The conduct of Silicon Valley Bank’s former leaders has come under heavy fire since its collapse last year, which marked the largest banking failure seen since 2008.

By Grace Noto • Jan. 29, 2024

Archer Daniels Midland investor sues firm, CEO, CFO, ex-CFO

The proposed class action alleges ADM and top executives concealed the true financial picture of the agricultural giant’s nutrition business.

By Maura Webber Sadovi • Jan. 26, 2024

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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

Superdry CFO to depart as UK retailer warns of rough market conditions

The departure marks the fourth finance chief to leave the troubled retailer in a half-decade.  

By Grace Noto • Jan. 26, 2024

Holding out for a bankruptcy ‘cram down’? Think again.

C-suites should take a hard look at the true cost of bankruptcy before filing for Chapter 11, Lowenstein Sandler’s Kenneth A. Rosen writes. 

By Kenneth A. Rosen • Jan. 25, 2024

76% of companies link pay to ESG performance in rising trend: WTW

The biggest companies are weaving ESG into pay incentives despite a backlash against the use of sustainability as a metric for corporate performance.

By Jim Tyson • Jan. 24, 2024

CFO of beleaguered smart window manufacturer View to resign

View’s finance chief is departing as the company scrambles to accrue enough capital to continue operating through 2024.

By Grace Noto • Jan. 24, 2024

ADM shares plunge as CFO takes forced leave amid accounting probe

Archer Daniels Midland named Ismael Roig interim finance chief as the board's audit committee and outside counsel conduct an investigation into accounting practices.

By Maura Webber Sadovi • Jan. 22, 2024

Amazon taps operations SVP for AWS CFO amid rocky cloud growth

The long-time Amazon veteran will step into the top financial seat for AWS as the e-commerce retailer looks to bolster the cloud segment’s stale revenue growth.  

By Grace Noto • Jan. 19, 2024

Disney’s board nomination fight with ex-CFO, Nelson Peltz heats up

After being rejected by Disney as board nominees, ex-CFO Jay Rasulo and activist investor Nelson Peltz are now signaling plans to force a shareholder vote on the issue.

By Alexei Alexis • Jan. 18, 2024

JPMorgan Chase takes ‘pragmatic and disciplined’ approach to AI

The banking company is against “chasing shiny objects,” CFO Jeremy Barnum said during an earnings call.

By Lindsey Wilkinson • Jan. 18, 2024

Disney rejects ex-CFO Rasulo, Peltz as board nominees

Disney’s board resisted pressure for a shakeup, opting instead for its own slate of 12 nominees including CEO Robert Iger.

By Alexei Alexis • Jan. 17, 2024

Cigna CFO takes on expanded role as head of benefits division

Brian Evanko will serve as president and CEO of the Cigna Healthcare insurance division in addition to his position as chief financial officer.

By Emily Olsen • Jan. 17, 2024

Citi poured $12B into tech last year, retired nearly 400 legacy apps

While efforts to modernize are underway, the company is operating at a loss and plans to cut 20,000 positions by 2024 as part of a broader restructuring.

By Matt Ashare • Jan. 16, 2024

IRS streamlining falls short despite budget boost: Taxpayer Advocate

Although improving some taxpayer services, the IRS has overstated its progress by claiming to answer 85% of calls, the national taxpayer advocate said.

By Jim Tyson • Jan. 12, 2024

NY AG, Trump clash in final $370M civil fraud tug-of-war

Attorneys laid out their closing arguments in the NY AG’s $370 million civil fraud trial that has put accounting under a surprising spotlight.

By Grace Noto • Jan. 11, 2024

Walgreens on track to save $1B this year with new executive team

Cost reductions, along with challenging market conditions, are critical roadblocks to address, executives said.

By Suman Bhattacharyya • Jan. 9, 2024

United Airlines aims to expand Denver facilities; skirts rumors of potential HQ move

United’s bid to establish a new flight simulator building in Denver follows a $33 million purchase of property in the city which sparked rumors of a potential shift in the airline’s base of operations.

By Grace Noto • Jan. 8, 2024

NY AG seeks ‘lifetime’ ban of Trump, ex-CFO from NY real estate

The New York Attorney General’s office has also upped the fine it is asking the judge to impose on the Trump Organization to $370 million.

By Grace Noto • Jan. 5, 2024

CVS interim CFO takes permanent seat

The CVS Health executive is taking on the top finance seat as it looks to get back on track following a corporate restructuring, company-wide layoffs, and rising costs.

By Grace Noto • Jan. 5, 2024

Bankruptcies surge 18% in 2023 as more distress looms

The rise in business failures was one of the darker pieces of last year’s economic puzzle. 

By Maura Webber Sadovi • Jan. 4, 2024

Chevron blames regulations, cleanups for $4B write-off

The energy giant said California’s regulatory landscape and cleanup of decommissioned Gulf of Mexico sites are estimated to cost the company at least $3.5 billion.

By Lamar Johnson • Jan. 4, 2024

73% of accounting students lack money for gaining CPA license

To stem a talent shortage, accounting firms need to reach out to potential CPAs well before they select their college majors, according to a CPA association.

By Jim Tyson • Jan. 3, 2024

IRS unlocks 15% corporate minimum tax’s handcuffs

The guidance is the latest in a slew of IRS directives issued as questions have swirled around the new tax on big companies.

By Maura Webber Sadovi • Jan. 3, 2024

Walmart vet tapped for Innovative Food’s CFO seat

Gary Schubert is taking over the finance reins of the struggling gourmet food company after a 15-year stint at Walmart.  

By Alexei Alexis • Jan. 3, 2024

Life Time Group CFO abruptly resigns amid push for positive cash flow

The CFO shift comes as the company weathers rising operating costs for its fitness centers.

By Grace Noto • Jan. 2, 2024