Strategy & operations

‘Hot’ job gains bolster case for aggressive Fed tightening: economists

Payrolls grew last month at more than twice the consensus forecast, belying concerns that the U.S. economy is in recession.

By Jim Tyson • Aug. 5, 2022

Just 9% of finance departments have primary ESG oversight: survey

Evidence of loose internal controls related to environmental, social and governance (ESG) data comes as the potential cost of companies getting ESG reporting wrong are rising. 

By Maura Webber Sadovi • Aug. 5, 2022

Explore the Trendline➔

Digital transformation, one smart step at a time

By taking an incremental approach, CFOs can move their finance and accounting operations onto an automated, intelligent platform without letting disruption distract from their efforts to scale.

By CFO Dive staff

Tapestry Inc. CFO to serve hybrid COO role

Tapestry CFO Scott Roe will also take on the company’s COO role, the latest in a line of CFOs who are taking on additional responsibilities.

By Elizabeth Flood • Aug. 5, 2022

Payments companies swap out CFOs

Amid macroeconomic pressures, FIS, PayPal, MoneyGram and Shift4 all appointed new CFOs this week. The trend may also mean they’re paying more for them.

By Caitlin Mullen • Aug. 5, 2022

Remittance company MoneyGram appoints new CFO

Brian Johnson enters the role in the wake of a pending acquisition and litigation with the CFPB.

By Elizabeth Flood • Aug. 4, 2022

CFOs facing tight labor market revise pay, reward plans

Companies are shifting how they attract employees as many “help wanted” signs go unanswered, Willis Towers Watson said.

By Jim Tyson • Aug. 3, 2022

Presidio names former IQVIA, S&P exec as new CFO

Manny Korakis is joining Presidio as it has benefited from a surge in demand for IT services during the pandemic.

By Elizabeth Flood • Aug. 3, 2022

CFOs should look to digitalize employee recognition programs

Despite mounting signs of a recession, the labor market remains robust and CFOs should consider digitalizing employee recognition programs to retain talent. 

By Elizabeth Flood • Aug. 1, 2022

Logistics CFO taps technology, focuses on cash flow amid supply chain woes

Transport Corp Canada’s Group CFO Venu Katta has intensified his focus on cash flow management as supply chain issues continue to hamstring the trucking industry.

By Ramona Dzinkowski • Aug. 1, 2022

Business taxes in Manchin deal draw fire from Chamber of Commerce

Tax experts have warned CFOs to be on the lookout for a renewed push from President Biden’s administration for new or higher corporate taxes. 

By Maura Webber Sadovi • July 29, 2022

Time to put global payroll where it belongs – in finance

Global payroll used to be relegated to the back office. Now it’s a strategic asset for a recession.

July 29, 2022

Steady capex buoys JPMorgan economist’s recession-free outlook

While businesses are cautious, second quarter capex levels suggest they don’t appear to be bracing for a broader contraction, according to JPMorgan’s Jim Glassman. 

By Maura Webber Sadovi • July 28, 2022

Retired PwC vet appointed CFO of Sierra Madre

Fresh from its recent acquisition of a high-grade mine in Mexico’s silver belt, Sierra Madre has appointed Kenneth Scott, formerly a partner at PwC, as its new CFO.  

By Elizabeth Flood • July 26, 2022

Police equipment-maker Wrap taps new CFO

Wrap Technologies expects demand for non-lethal law enforcement tools to grow as communities seek more hands-off and compassionate policing practices in the wake of the murder of George Floyd.  

By Maura Webber Sadovi • July 25, 2022

Companies can benefit from employee recognition programs: Gallup

Training managers to publicly acknowledge employees for who they are and what they do could save a 10,000-employee company up to $16.1 million in turnover costs annually.

By Elizabeth Flood • July 25, 2022

Recession likely to begin in first quarter 2023: Fannie Mae

The Fed will probably succeed in slowing inflation but its withdrawal of stimulus may trigger a recession early next year, economists said.

By Jim Tyson • July 22, 2022

Most accountants suffer burnout: study

A high level of chronic stress increases the rate of accounting error, prompting many companies to reopen their books after closing to fix mistakes.

By Jim Tyson • July 21, 2022

C-suite savvy key to digital transformation success, McKinsey says

Many top executives are underwhelmed by the pay-off from spending on digital transformation, including after building new digital businesses within their companies.

By Jim Tyson • July 20, 2022

Confidence among CFOs, accountants falls to record low: survey

Rising operating costs and persistent supply chain bottlenecks clouded CFOs’ outlook during the three months ending in June.

By Jim Tyson • July 19, 2022

Nearly one-third of workers plan to quit: Conference Board

Many CFOs are raising wages in order to curb near-record attrition in a highly competitive labor market.

By Jim Tyson • July 18, 2022

Companies next year plan biggest average pay raise since 2008

In order to succeed in a highly competitive labor market, companies need to consider providing non-monetary benefits such as workplace flexibility in addition to pay raises, Willis Towers Watson said.

By Jim Tyson • July 14, 2022

Twitter suit details CFO, CEO caught in Musk crossfire

Twitter’s complaint paints a picture of senior executives under pressure as they seek to cooperate with and provide information to a mercurial buyer.

By Maura Webber Sadovi • July 13, 2022

Prices surge 9.1% as Fed girds for tougher inflation fight

The jump last month in “core prices” — excluding volatile food and energy — signals that inflation was widespread. 

By Jim Tyson • July 13, 2022

Trailblazing CFOs are turning rampant uncertainty into opportunity

It’s clear that the CFOs who take a creative and nimble approach to operating their businesses will continue to fare better than those taking the more classic, slightly deliberate and conservative approach of even the more “modern” CFOs.

By Dan Fletcher, CFO, Planful • July 12, 2022

Inflation knocks small business expectations to record low: NFIB

Small businesses — a bellwether for U.S. economic trends — face persistent hiring challenges in a tight labor market.

By Jim Tyson • July 12, 2022