CFOs hold pay raises far below inflation despite war for talent

CFOs are spurring resignations by letting inflation far outpace wage gains. They can take steps to improve employee retention even as prices increase at the highest rate in four decades.

By Jim Tyson • March 11, 2022

Quitting workers seek higher pay, advancement: Pew

Workers have quit at a record rate as the tight labor market bolsters their confidence in landing better jobs.

By Jim Tyson • March 10, 2022

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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

SEC pushes for tougher cybersecurity disclosure rules

SEC Chair Gary Gensler said investors demand more detailed information about how companies seek to curb the risk and costs of cyberattacks.

By Jim Tyson • March 9, 2022

Small businesses see inflation as No. 1 challenge

The highest inflation in four decades has eroded profit margins and compelled small businesses to raise prices, the National Federation of Independent Business said.

By Jim Tyson • March 8, 2022

Senators introduce bipartisan bill to avert LIBOR turmoil

The Senate and U.S. House are nearing alignment on legislation that would head off instability from financial contracts that fail to identify a new reference rate after LIBOR sunsets in 2023.

By Jim Tyson • March 7, 2022

Kyiv Independent CFO taps crowdfunding for Ukrainian journalists

“We needed to have resources to be able to support media immediately because in this kind of situation … hours matter, sometimes minutes,” said CFO Jakub Parusinski.

By Maura Webber Sadovi • March 7, 2022

Workforce disclosures surge amid pressure for diversity

Although companies are revealing more about employee race and ethnicity, their reports are not standardized and are often spotty, JUST Capital said.

By Jim Tyson • March 4, 2022

Fed stimulus pullback on track despite Russian invasion, Powell says

The Federal Reserve will likely begin raising the main interest rate from a record low this month while mindful of the need to “add to financial stability, not to create uncertainty,” Fed Chair Jerome Powell said.

By Jim Tyson • March 2, 2022

Class action embroils Wells Fargo commercial real estate underwriting practices

A judge is set to rule on the bank's motion to dismiss the complaint, which names the company, ex-CEO Tim Sloan and former CFO John Shrewsberry among the defendants.

By Maura Webber Sadovi • March 2, 2022

CFOs should prepare for stronger ESG shareholder pressure: EY

CFOs and directors need to prepare for the 2022 proxy season as institutional investors turn up the heat on efforts to ensure companies embrace sustainable business practices.

By Jim Tyson • March 1, 2022

Forecasters see 'major risk' of wage-price spiral

Economists have grown more pessimistic about inflation over the next three years, citing higher wages and supply chain disruptions, NABE said.

By Jim Tyson • Feb. 28, 2022

Boards face more challenging 2022 proxy season on ESG

Company leadership should enter the proxy season ready to handle numerous shareholder proposals on sustainability and such political activities as lobbying and campaign contributions, the Conference Board said.

By Jim Tyson • Feb. 25, 2022

SEC to take hard stand against corporate 'greenwashing'

The SEC soon plans to propose rules for sustainability disclosure that will feature detailed guidelines for reporting on greenhouse gas emissions, according to SEC Commissioner Allison Herren Lee.

By Jim Tyson • Feb. 24, 2022

Ransomware attacks, extortion doubled in 2021: Accenture

Companies facing a surge in cybercrime can take several steps to limit the risk — and cost — of a ransomware attack.

By Jim Tyson • Feb. 17, 2022

Direct lending may take hit in credit crunch: S&P Global

Direct lending has boomed in the past decade but its resilience has yet to be tested in an extended credit crisis, S&P Global Ratings said.

By Jim Tyson • Feb. 16, 2022

Default rate will rise this year, Moody's says

The default rate will increase but stay well below its pandemic-period high even though central banks in many countries are raising interest rates, Moody’s said.

By Jim Tyson • Feb. 15, 2022

Gensler aims to boost SEC incentives for whistleblowers

After a record year for whistleblower awards, SEC Chair Gary Gensler wants to increase the enticements for those who disclose financial misconduct. 

By Jim Tyson • Feb. 14, 2022

4 CFO scenarios – and fixes – for inflation

Many economists, including those at the Federal Reserve, botched their forecasts for price gains last year. CFOs can avoid losses from flawed inflation projections through scenario planning.

By Jim Tyson • Feb. 11, 2022

Most CEOs expect inflation to persist, survey shows

Plans by the Federal Reserve to raise the benchmark interest rate probably will not quickly rein in the fastest price increases in four decades, most CEOs said in a survey.

By Jim Tyson • Feb. 10, 2022

CFOs reveal four inflation-coping strategies

CFOs in several industries describe how they are trying to shield profits against an inflationary surge.

By Jim Tyson • Feb. 9, 2022

'Price-wage spiral' boosting inflation: Moody's

CFOs facing the worst inflation in more than 30 years can largely blame price increases rather than wage pressures, Moody’s said.

By Jim Tyson • Feb. 7, 2022

CFOs should adopt strategies of activist investors: Gartner

CFOs should advance beyond the role of reviewer or advisor and serve as an “activist,” crafting a business strategy and investment portfolio that maximizes long-term value.

By Jim Tyson • Feb. 4, 2022

Supply chain overhaul brings benefits with tax complexity: EY

Although the pandemic revealed the costs of relying on a global supply chain, companies that bring production home may face a big tax bill.

By Jim Tyson • Jan. 28, 2022

Inflation will persist through 2023 even if pandemic fades: Conference Board

Federal Reserve efforts to curb inflation will probably collide against several inflationary forces, including reshoring of production and shortages of both workers and semiconductors.

By Jim Tyson • Jan. 27, 2022

CFOs need to change how they discuss inflation: Gartner

Rising price pressures have pushed inflation toward the top of agenda items during earnings calls, prompting some needed changes in tactics by CFOs.

By Jim Tyson • Jan. 26, 2022