Strategy & operations: Page 2


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    Recession likely in 2023, Fitch says

    Cuts to estimates for earnings growth underscore the growing risk of a U.S. downturn next year, Fitch Ratings said.

    By Sept. 12, 2022
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    ESG ratings firms show ‘significant shortcomings’: study

    ESG ratings providers, while gaining from rising demand for their assessments, are unreliable in gauging risk and return, Stanford University researchers said.

    By Sept. 9, 2022
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    Trendline

    Giving your working capital plan a fresh look

    The return to more normal operations as the pandemic eases is a good time to take a fresh look at your current expenses and liabilities and whether your working-capital ratio is right for your organization. 

    By CFO Dive staff
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    Courtesy of Shopify

    Shopify taps Morgan Stanley exec as CFO

    The e-commerce giant’s leadership shakeup comes two months after Shopify announced it was slashing its workforce by 10%.

    By Sept. 9, 2022
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    AT&T CFO says demand still ‘solid’ post price hike

    Despite “reduced visibility” into economic trends going into next year due to the current macroeconomic environment, Desroches expects improved cash conversions in 2023.

    By Sept. 8, 2022
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    Courtesy of XPO Logistics

    B2B veteran named CFO of XPO Logistics’ spin-off

    Following the spin-off, RXO will be the third-largest provider of domestic and cross-border less-than-truckload freight shipping.

    By Sept. 8, 2022
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    Bed Bath & Beyond leadership gap a board ‘wake-up call’

    Bed Bath & Beyond’s appointment of Laura Crossen as interim CFO has raised questions about the type of permanent finance leadership the company will need. 

    By Sept. 7, 2022
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    FreshBooks taps PwC alum as new CFO

    The cloud accounting software company appointed Wayne Jackson, who has 40 years of experience in the financial industry. 

    By Sept. 7, 2022
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    Law firm Olgetree Deakins taps former Steptoe CFO

    David Zimbrick will depart after two decades at Steptoe & Johnson in favor of  the CFO seat at Ogletree.

    By Sept. 6, 2022
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    Q3 earnings estimates cut ‘more than average’: FactSet

    S&P 500 companies for the second quarter reported their lowest growth in earnings on an annual basis since the fourth quarter of 2020, FactSet said. 

    By Sept. 6, 2022
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    Bed Bath & Beyond swiftly names interim CFO

    Laura Crossen’s appointment as interim CFO comes four days after the death of Gustavo Arnal, Bed Bath & Beyond’s finance chief since 2020.

    By Sept. 6, 2022
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    Grocer Raley’s CFO killed in plane crash

    Ken Mueller, along with the company’s chief pilot, Richard Conte, perished after the aircraft they were on crashed near Galt, California, according to local reports.

    By Jeff Wells • Updated Sept. 6, 2022
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    Daphne Howland/CFO Dive

    Bed Bath & Beyond CFO falls from NYC tower, dies

    Gustavo Arnal became Bed Bath & Beyond’s finance chief in 2020. The home goods retailer’s turnaround plans have been facing increasing headwinds.

    By Sept. 5, 2022
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    Stock buyback tax could have broader impact: EY

    The 1% excise tax on stock repurchases was part of the Inflation Reduction Act and comes as the brisk pace of share buybacks has downshifted.

    By Sept. 2, 2022
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    PCAOB finds audit flaws on fraud risk, SPACs

    During the coming inspection period, the PCAOB’s so-called Target Team will focus on “risks related to climate change” that influence companies’ financial statements.

    By Sept. 2, 2022
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    Cybersecurity firm ExtraHop names new CFO

    ExtraHop appointed Mike Parson as its new CFO, one of a series of new C-suite leaders named as the company seeks to scale up.

    By Sept. 2, 2022
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    Retailers double down on dynamic pricing to protect margins

    Dynamic pricing helps CFOs protect company margins but is increasingly subject to scrutiny.

    By Sept. 1, 2022
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    The modern challenges for CFOs

    Mike Kelly of Ernst & Young (EY), talks talent retention, inflation, ESG reporting requirements and how these evolving issues are reshaping the top financial seat.

    By Sept. 1, 2022
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    Opinion

    Why C-suites need to get more serious about harnessing tax technology

    More than half of the C-suite executives surveyed said they’re not using their tax data to scenario-plan around policy changes or identify tax credits, a KPMG report found.

    By Greg Engel • Sept. 1, 2022
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    Workers gain clout during pandemic: Gallup

    CFOs face pressure to raise wages as the number of job vacancies far exceeds the number of unemployed people looking for work.

    By Aug. 31, 2022
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    SAP taps Airbus exec as new CFO

    Dominik Asam is leaving the aerospace corporation to take the top finance seat. 

    By Aug. 31, 2022
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    Fed’s Williams sees inflation falling to 2.5% to 3% next year

    The Federal Reserve must interpret several “crosscurrents” in the economy as it fulfills its pledge to curb inflation to 2%, according to the president of the New York Fed.

    By Aug. 30, 2022
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    Earnings Roundup: CFOs squeezed by high food costs hit price levers

    Executives in the restaurant and grocery sectors are being selective about how they raise prices to beat soaring ingredient and input costs. 

    By Aug. 30, 2022
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    CFOs more worried about inflation than recession: Deloitte

    Nearly three quarters of CFOs are more concerned about persistent inflation than a recession, Deloitte’s third-quarter survey found.

    By Aug. 30, 2022
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    How adopting OKRs can help CFOs through a recession

    When it comes to setting a company’s objectives, less is more, advises Gtmhub Vice President Jenny Herald. 

    By Aug. 29, 2022
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    Rise of female CFOs outpaces slowing diversity gains

    Women comprised 16% of big company CFOs while Black, Latino and Asian executives held 10.9% of the top finance seats as of July 31, a study found. 

    By Aug. 29, 2022