SEC drops scope 3 from final climate rule

The agency said scope 3 was removed due to a large number of comments concerning compliance costs, as well as the consistency and reliability of scope 3 data.

By Lamar Johnson • March 6, 2024

Former Twitter CEO, CFO sue Musk for $128M in unpaid severance

Elon Musk vowed a “lifetime of revenge” against former Twitter leadership following the stormy lead-up to his takeover of the floundering social media site.

By Grace Noto • March 5, 2024

Explore the Trendline➔

Digital transformation, one smart step at a time

As pricing pressures tighten margins and technologies like artificial intelligence evolve, finance chiefs are more closely scrutinizing the cost and returns of the tech tools they implement.

By CFO Dive staff

Legacy tech stymies cost-cutting innovations

Most companies fell short of their cost-reduction targets last year, with half citing challenges related to legacy tech as a top barrier, Deloitte found.

By Alexei Alexis • March 5, 2024

Tech startup Slice raises $7M for equity compensation platform

The funding will help the startup to further develop the platform while expanding its geographic reach, according to CEO Maor Levran.

By Alexei Alexis • March 5, 2024

Legal woes continue for OpenAI as Elon Musk sues over contract breach

OpenAI eschewed its nonprofit status to become a de facto Microsoft subsidiary, the Tesla CEO alleged in a Thursday filing before the Superior Court of California.

By Roberto Torres • March 1, 2024

Yelp exec jumps to AI realm, takes Xometry’s CFO chair

Yelp’s James Miln is joining the manufacturing marketplace provider as a spotlight continues to shine on AI-powered services and offerings.

By Grace Noto • March 1, 2024

ADM expects to report ‘material’ internal control weakness

A Friday filing shed light on the scope of an internal probe into the commodity giant’s accounting practices but was silent on its CFO’s status.

By Maura Webber Sadovi • March 1, 2024

Clearing the tax ‘data swamp’: Thomson Reuters

To keep pace with emerging tax requirements, organizations need to change their processes as well as their technologies, Thomson Reuters’ Ray Grove said.  

By Grace Noto • Feb. 29, 2024

Chemours probes ‘tone at the top,’ puts CEO, CFO on leave

The chemicals company said it is evaluating “potential material weaknesses” in its internal control over financial reporting. Its shares plunged 35% Thursday.  

By Maura Webber Sadovi • Feb. 29, 2024

Microsoft rolls out Copilot AI tool to finance teams

The move is part of Microsoft’s effort to layer AI across its enterprise offerings, with the ambitious goal of impacting every role in the workplace.

By Alexei Alexis • Feb. 29, 2024

Few link 150 credit hours to more prepared accounting graduates

Less than 10% of NJCPA members surveyed reported seeing accounting graduates with an extra 30 hours of college credit as “noticeably” better prepared.

By Maura Webber Sadovi • Feb. 28, 2024

Judge denies former View CFO motion to dismiss SEC complaint

The SEC had “adequately alleged facts” which allowed the court to reasonably infer negligence on the part of the ex-CFO, the judge said.

By Grace Noto • Feb. 28, 2024

Fed official makes a case for the dollar’s hegemony

Can the dollar’s reign as the world’s reserve currency persist? This Fed official makes a strong case, but digital doubts may remain.

By Lynne Marek • Feb. 28, 2024

Wells Fargo CFO calls commercial real estate a ‘long movie’

The office market is under the most pressure, the bank’s finance chief Michael Santomassimo said on Monday.

By Maura Webber Sadovi • Feb. 27, 2024

Orsted taps new CFO, COO in turnaround bid

The troubled offshore energy developer appointed new financial and operational leadership as it looks to get back on course following a turbulent 2023.

By Grace Noto • Feb. 27, 2024

SaaS license waste tops IT spend challenges

Hasty software purchasing during the pandemic led to bloated tech stacks that are now ripe for trimming.  

By Alexei Alexis • Feb. 27, 2024

CFOs take backseat to CISOs on SEC cyber rules

Less than half of finance chiefs are involved in the SEC's cybersecurity breach disclosure process, AuditBoard found.

By Alexei Alexis • Feb. 27, 2024

AI, employee balance key to driving tech strategy: IMA

Treating AI like a new colleague, rather than a replacement for employees, can help CFOs more seamlessly incorporate the technology.  

By Grace Noto • Feb. 26, 2024

FIS ex-CFO stays to oversee Worldpay transition

Erik Hoag, a long-time FIS executive who stepped down from the CFO seat in August after just one year, was named chief integration officer.

By Maura Webber Sadovi • Feb. 26, 2024

MGM Resorts’ cyberattack headache continues as regulators launch investigations

The company said it could face fines in connection with regulatory inquiries stemming from the social engineering attack.

By David Jones • Feb. 26, 2024

Lufthansa CFO to step down amid board reshuffle

The airline is overhauling its executive leadership team in the face of repeated labor strikes by its ground staff in its home country of Germany.

By Grace Noto • Feb. 23, 2024

Onetime CFO contender to leave Goldman

Once seen as a top finance chief candidate, Beth Hammack is reported to be exiting Goldman Sachs after 30 years.

By Gabrielle Saulsbery • Feb. 23, 2024

PayPal FP&A exec jumps to Flywire CFO seat

Cosmin Pitigoi’s appointment comes six months after Flywire announced its long-time finance chief would be exiting.

By Maura Webber Sadovi • Feb. 22, 2024

New Prophix CFO: championing the ‘data steward’ shift

The “bird’s eye view” of the business provided by finance chiefs makes them ideal choices as stewards of data, Prophix CFO Aaron Levine says.  

By Grace Noto • Feb. 22, 2024

Planet Fitness CFO retiring amid search for CEO

The announcement comes in the wake of the health-club chain’s abrupt decision last fall to oust then CEO Chris Rondeau.

By Alexei Alexis • Feb. 22, 2024