Risk Management: Page 29


  • Boeing CFO expects 2H24 production resurgence, cites ‘uncertain moment’

    The aerospace company is grappling with the implications of last month’s midair door plug blowout that shocked travelers and sparked an FAA audit.

    By Suman Bhattacharyya • Feb. 15, 2024
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    Ex-Zoom finance exec lands at fraud detector Forter

    Forter’s new CFO, Anthony Barsoom, is replacing Aaron Barfoot, who exited to become finance chief of a rival company.

    By Feb. 15, 2024
  • Trendline

    Navigating risk in turbulent times

    CFOs must help their organizations mitigate risks by balancing the need for both growth and stability. 

    By CFO Dive staff
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    Inflation edges up, pushing back forecast of first Fed rate cut

    Futures traders now see a 52% probability that policymakers in June will cut the federal funds rate from its current peak level between 5.25% and 5.5%.

    By Feb. 13, 2024
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    CEO optimism hits two-year high as inflation cools: Conference Board

    More than one out of three top executives believe the economic outlook will brighten during the next six months, according to a Conference Board and Business Council survey.

    By Feb. 9, 2024
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    R&D tax rollback proposal leaves CFOs ‘on edge’

    Many businesses applauded when a tax package with the key R&D provision sailed through the U.S. House. Now they’re waiting for the Senate to act.

    By Feb. 8, 2024
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    Yellen backs legislation to avert AI threat to financial stability

    Testimony by the Treasury Secretary follows a pledge by the Biden administration to seize on the benefits of artificial intelligence while containing its risks.

    By Feb. 8, 2024
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    Yellen says commercial real estate losses may leave banks ‘quite stressed’

    Bank regulators aim to avert turmoil caused by a slump in the value of commercial real estate, Treasury Secretary Janet Yellen said in testimony to a House committee.

    By Feb. 6, 2024
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    Clorox says it incurred $49M in costs from 2023 cyberattack

    The breach caused system disruptions that led to order processing delays and “significant product outages,” negatively impacting net sales and earnings.

    By Feb. 6, 2024
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    Opinion

    The fight against cyber fraud: How to up your game in 2024

    CFOs face an increasingly daunting fraud landscape — from deep-fake phone calls to AI-generated text messages, writes Trustpair CEO Baptiste Collot.

    By Baptiste Collot • Feb. 6, 2024
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    Fed pivots to considering when to cut main interest rate: Powell

    Inflation will likely cool during the first six months of 2024, Federal Reserve Chair Jerome Powell said, adding that the central bank is unlikely to reduce borrowing costs in March.

    By Feb. 5, 2024
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    US economy will likely cool as ‘real’ interest rates rise: ACCA

    As the economy avoided a downturn last year, confidence among CFOs rebounded close to the long-term average, the ACCA said.

    By Feb. 2, 2024
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    Consumer confidence, job openings rise as Fed favors holding rates high

    The Federal Reserve on Wednesday will probably keep the main interest rate as the highest level since early 2001 as the economy shows signs of unexpected strength.

    By Jan. 30, 2024
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    One in four companies ban GenAI

    The research by Cisco found that generative artificial intelligence tools are putting many companies’ sensitive data at increased risk of public exposure.

    By Jan. 30, 2024
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    Opinion

    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
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    36% of companies plan to raise pay in 2024 amid tight labor market: BDO

    Although the job market has shown signs of cooling in recent quarters, CFOs aim to increase compensation this year to attract and retain employees.

    By Jan. 25, 2024
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    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 Jan. 24, 2024
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    6 essentials for CFOs aiming to rise to CEO: McKinsey

    Corporate boards in the past decade have increasingly turned to CFOs to fill the CEO seat. McKinsey has highlighted the attributes boards seek in a chief executive.

    By Jan. 23, 2024
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    Conservative approach called best way to meet independent contractor test

    Some states take a tougher approach than DOL’s 6-part test taking effect in March. By meeting the state test, employers can better protect against challenges under the federal rule.  

    By Jessica Mach • Jan. 23, 2024
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    AI, fake CFOs drive soaring corporate payment-fraud attacks

    Generative AI tools like ChatGPT are making it easier for scammers to create bogus texts and emails as well as deep-fake voices at scale.

    By Jan. 23, 2024
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    Recession odds fall below 50% amid rising sales, profits: NABE survey

    The mix of slowing inflation and cooling demand has prompted many economists to abandon forecasts for a decline in gross domestic product in 2024.

    By Jan. 22, 2024
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    ‘Little evidence’ remote work harms productivity: San Francisco Fed

    After surging during the worst of the pandemic, remote work has declined to 30% of paid workdays, according to research by the San Francisco Fed.

    By Jan. 19, 2024
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    Audit committees in 2024 face rising tax, AI, regulatory challenges: EY

    A barrage of business risks may intensify this year, and audit committees need to help C-suite executives limit potential losses and seize opportunities, EY said.

    By Jan. 18, 2024
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    Retail sales exceed forecasts, highlighting steady consumer-fueled growth

    Robust retail sales defy predictions that trends such as declining savings and a cooling labor market will inhibit consumer spending. 

    By Jan. 17, 2024
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    CEOs see ballooning federal debt as biggest business threat: Conference Board

    Congressional leaders wrangle over federal spending and struggle to avert a government shutdown as business leaders fret over the worsening fiscal outlook.

    By Jan. 16, 2024
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    Inflation inches up, signaling prospect of extended Fed inflation fight

    The consumer price index last month rose more than anticipated, with gains in the cost of services staying stubbornly high.

    By Jan. 11, 2024