Financial Reporting: Page

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    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
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    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
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    Trendline

    Top 5 stories from CFO Dive

    To stay competitive many CFOs are focused on balancing AI’s risks and opportunities while also adjusting to fast-changing tariff policies and labor markets.

    By CFO Dive staff
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    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 • March 9, 2023
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    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
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    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
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    CrowdStrike revenue soars amid high cyber demand

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

    By • March 8, 2023
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    Expedia alum takes Sonder CFO seat

    The hospitality platform announced a new finance chief as it looks to reach positive quarterly cash flow in 2023 while facing a murky economic environment.  

    By • March 7, 2023
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    ESG reporting muddled by jumble of standards: IFAC

    The SEC plans before May to release a final climate risk disclosure rule aimed at achieving uniform corporate reporting and combating “greenwashing.”

    By • March 6, 2023
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    Software firm Ramp closes $5M seed round

    The funding will help with hiring additional staff and onboarding new clients, the company’s CEO told CFO Dive.

    By • March 6, 2023
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    Pay plan rejections hit record high

    Last year the rejections of Russell 3000 Index companies’ pay packages hit the highest annual level since the non-binding say-on-pay votes became mandatory in 2011.

    By • March 3, 2023
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    FASB studies AI use in financial data analysis

    The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.

    By • March 3, 2023
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    Doth Buffett protest GAAP too much?

    Warren Buffett — CEO of Berkshire Hathaway and one of the world’s most renowned investors — didn’t disappoint fans of his folksy, acerbic writing in his latest shareholder letter. 

    By • March 1, 2023
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    IRS Commissioner-nominee pledges to uncover corporate taxes owed

    Billions of dollars in new funding for the IRS will not go toward increasing the audit rate for businesses and taxpayers that make less than $400,000 per year, Daniel Werfel said.

    By • March 1, 2023
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    Target, Dollar Tree prepare for weaker consumer spending

    Retailers are approaching 2023 with caution as consumers pull back on discretionary spending and as supply chain and labor costs continue to tick upwards.

    By • March 1, 2023
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    Zoom predicts growth while watching macro headwinds

    Economic uncertainty remains a risk for the company “at least through the rest of this year,” its CFO said.

    By • Feb. 28, 2023
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    Strong relationships can aid CFOs in building C-suite cohesion

    Executive leaders are losing faith in their leadership teams, but fostering strong, individual relationships between their peers could help CFOs get the C-suite on on track.

    By • Feb. 28, 2023
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    Capricorn Energy slots in interim CFO

    The British oil and gas producer tapped its director of finance as acting CFO. Its board also commenced a “strategic review” of the company’s assets, cost base and future business strategy.

    By • Feb. 27, 2023
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    Avoiding operational lag in hiring plans

    Midsize businesses are still looking to grow headcount despite macroeconomic challenges, but in order to do so effectively, they need to have a thorough headcount management plan in place, according to TeamOhana’s CEO.

    By Elizabeth Flood • Feb. 27, 2023
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    CFOs scramble to keep pace with finance tech frenzy

    Artificial intelligence, machine learning, and language processing are among cutting-edge technologies that could transform the corporate finance world in the near future.

    By • Feb. 27, 2023
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    Courtesy of Beyond Meat
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    Beyond Meat’s lean inventory is key, CFO says

    The California company is one of a growing number of firms pivoting to cut costs through layoffs, real estate consolidation and other measures.

    By • Feb. 24, 2023
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    Courtesy of Farfetch
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    FarFetch CFO to exit in 2023

    The London-based luxury fashion retailer is hunting for a successor as CFO Elliot Jordan is poised to depart after eight years.

    By Elizabeth Flood • Feb. 24, 2023
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    Deep Dive

    Standard-setters consider softer start to climate risk disclosure

    A backlash against proposals to require detailed corporate reporting on climate risk may compel more gradual application of the rules.

    By • Feb. 24, 2023
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    Block boosts CFO Ahuja’s responsibilities

    Pledging to be more efficient with a revamp of the company’s leadership structure, Block has combined the CFO and COO roles under Amrita Ahuja.

    By Caitlin Mullen • Feb. 24, 2023
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    ‘Macro drivers’ blamed as Overstock.com revenues plummet

    The Salt Lake City, Utah-based home furnishings seller’s CEO said factors such as inflation contributed to its fourth quarter loss.

    By • Feb. 22, 2023
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    Large companies hide behind net zero ‘fig leaf’: report

    Many of the world’s biggest companies are exaggerating their efforts to reduce carbon emissions, according to the Corporate Climate Responsibility Monitor.

    By • Feb. 21, 2023