Recession seen as likely by SMEs: JPMorgan

Despite some recession-watch contrarians, the JPMorgan survey findings dovetail with a growing number of forecasters penciling a downturn into their 2023 calendars. 

By Maura Webber Sadovi • Jan. 5, 2023

Stitch Fix latest tech firm to cut workforce

The online personal styling service announced it will reduce its workforce by about 20% in a company-wide memo from founder Katrina Lake.

By Elizabeth Flood • Jan. 5, 2023

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CFO best practices: lessons from the trenches

Leaders share operational and strategic learnings from their years in the top finance seat.  

By CFO Dive staff

Invest in investor relations, former Cameo CFO says

In order for companies to position themselves for a successful IPO, focusing on IR teams early  is key, according to Deb Schwartz.

By Elizabeth Flood • Jan. 5, 2023

Bed Bath & Beyond warns options include bankruptcy

The Union, N.J.-based company has faced a range of external and internal challenges stemming in part from inventory constraints, credit limits and the death of its CFO in September.

By Maura Webber Sadovi • Jan. 5, 2023

Stock buyback tax looms over SPACs

The new 1% excise tax on share buybacks —  effective Jan. 1 —  threatens to ding special purpose acquisition companies as the SPAC market has all but dried up.

By Maura Webber Sadovi • Jan. 4, 2023

Digital Realty promotes exec to CFO seat

Digital Realty’s Matt Mercier will take the CFO seat as its former financial head moves to the CEO role.

By Elizabeth Flood • Jan. 4, 2023

Salesforce to cut 10% of workforce, trim real estate

The software provider will incur between $1.4 billion and $2.1 billion in charges as it moves to pare down its workforce and real estate footprint.

By Grace Noto • Jan. 4, 2023

Social media can funnel candidates into the hiring process — but not replace it

Employers can use social media to tell prospective candidates a story, sources said, but HR must beware of potential pitfalls.

By Jen A. Miller • Jan. 4, 2023

IRS delivers ‘crucial guidance’ on 15% minimum tax

The interim guidance gives tax preparers some key directions for interpreting the 15% Corporate Alternative Minimum Tax. But more questions remain, experts say.

By Maura Webber Sadovi • Jan. 3, 2023

CFOs to combat downturn with more automation

CFOs should think about automation as an “additional teammate” in their financial departments as they look to push digital transformation initiatives forward in the new year.

By Grace Noto • Jan. 3, 2023

How Gen-Z’s appetite for change can help employers

As economic uncertainty persists, organizations can look to Gen-Z as a vehicle toward the change they need.

By Elizabeth Flood • Dec. 21, 2022

Companies hunt for ‘wartime’ finance generals

On the eve of a possible recession, companies are seeking out “wartime generals” who can better lead the advance across hazardous economic terrain.

By Grace Noto • Dec. 21, 2022

Shifting retirement plan climate calls for CFO attention: WTW

As resources to fund retirement plans are expected to grow scarcer next year, companies must be nimble and share a clear vision when shaping retirement plan offerings.

By Elizabeth Flood • Dec. 20, 2022

CFOs log shortest tenure in C-suite: study

CFOs have the shortest tenures of their fellow C-suiters, a recent study found, with turnover set to expand as financial leaders face persistent headwinds.

By Grace Noto • Dec. 20, 2022

CFOs cast wider nets for currency hedges

Companies have traditionally relied on such hedging instruments as forward currency contracts, options and swaps. Now many are looking beyond the tried and true.

By Ramona Dzinskowski • Dec. 20, 2022

Recession could introduce ‘big unknown’ to CFOs’ tax outlook

So long as the U.S. economy averts a deep recession, KPMG’s Greg Engel says financial executives can likely expect a steadier tax climate and no major new tax laws to 2023.

By Maura Webber Sadovi • Dec. 19, 2022

Goodyear promotes VP to CFO among leadership changes

Christina Zamarro, a 15-year veteran of Goodyear, takes the financial helm in 2023.

By Elizabeth Flood • Dec. 19, 2022

Sysco CFO takes financial helm for Cardinal Health

Sysco and Target alum Aaron Alt will take on the CFO seat for Cardinal Health in a move that follows a few months after Jason Hollar, Cardinal’s former CFO, was promoted to CEO.  

By Grace Noto • Dec. 19, 2022

ESG: 9 actions CFOs and finance leaders can take today

In 75% of organizations, the finance team has taken on ESG risks and issues. CFOs should take a prominent role in tracking, reporting and improving performance against their company’s ESG goals.

Dec. 19, 2022

PwC tackles blockchain’s carbon footprint

A standardized method to evaluate the carbon footprint of blockchain initiatives could help CFOs meet sustainability targets.

By Suman Bhattacharyya • Dec. 16, 2022

‘Bleisure’ travel pays off in ROI

Combining business and leisure travel may lead to employee retention, according to Hilton executives.

By Elizabeth Flood • Dec. 16, 2022

CFOs see their firms’ prospects darken in 4Q: Deloitte

CFO pessimism around their own companies’ financial prospects touched a level not seen since the height of the pandemic, a Deloitte survey found.

By Grace Noto • Dec. 16, 2022

Changes make it easier for SEC to go after insider trading

Executives and officers will be in a much tighter box when it comes to when they can trade in their company stock under modified 10b5-1 rules.

By Robert Freedman • Dec. 16, 2022

New CFO shares first-timer tactics

Jeremy Klaperman advises new CFOs to establish a wide range of connections and to seek potential over knowledge when hiring talent.

By Elizabeth Flood • Dec. 15, 2022

PCAOB gains breakthrough access to Chinese audit firms

The PCAOB’s push for more transparency in China-based companies will enable CFOs and auditors who heavily rely on Chinese firms to better understand their partners’ operations.   

By Maura Webber Sadovi • Dec. 15, 2022