UPS-Teamsters contract ratified following employee vote

The approval puts an end to a contentious, monthslong negotiations process as the parcel carrier now seeks to recoup diverted volume.

By Max Garland • Aug. 22, 2023

Versapay CFO leans on data amid ‘perfect storm’

Veteran finance leader Russell Lester sees those in his profession grappling with significant challenges, including macroeconomic pressures and the rising need to function as data experts.

By Alexei Alexis • Aug. 22, 2023

Explore the Trendline➔

Digital transformation, one smart step at a time

As pricing pressures tighten margins and technologies like artificial intelligence evolve, finance chiefs are more closely scrutinizing the cost and returns of the tech tools they implement.

By CFO Dive staff

Why CFOs should partner with IT to drive enterprise digital transformation

Finance and IT are often the stewards of enterprise transformation. How should you align for impact?

Aug. 21, 2023

Recession warnings persist even amid signs of strength

A robust job market and persistent economic growth have not silenced alarms of an imminent downturn.

By Jim Tyson • Aug. 17, 2023

M&A plunged 39% in Q2 amid rising interest rates

Sustained economic growth and the prospect of an end to monetary tightening may spur dealmaking during the second half of 2023, top executives said in quarterly earnings calls.

By Jim Tyson • Aug. 16, 2023

Retail sales rise, riding wage gains, strong job market

Surging borrowing costs and declining pandemic-era savings have not triggered a downturn in retail spending.

By Jim Tyson • Aug. 15, 2023

Bankruptcy ‘burn rates’ drive some firms to file Chapter 7s: ABI’s Ward

Professional fees racked up in Chapter 11 bankruptcies can range from a few hundred thousand dollars to the tens of millions, Chris Ward, president-elect of the American Bankruptcy Institute, said. 

By Maura Webber Sadovi • Aug. 15, 2023

CEOs plan to raise wages at least 3%: Conference Board

U.S. companies across a range of industries seek to gain an edge in an unusually tight labor market by increasing pay.

By Jim Tyson • Aug. 14, 2023

Is Tesla’s ‘Master of Coin’ the CFO white whale?

Zachary Kirkhorn’s sudden exit from the EV maker has sparked questions around what a second act might look like for a 38-year-old ex-CFO with a net worth of $590 million.

By Maura Webber Sadovi • Aug. 14, 2023

3 ways to optimize costs and deliver more value when uncertainty is looming

Shift from basic cost-cutting tactics toward more strategic cost optimization. And doing it all with an eye toward owning—not reacting to—the disruption.

Aug. 14, 2023

CEOs plan for recession despite steady growth

Top executives are preparing for a downturn, a CEO survey showed, despite 2.4% growth, slowing inflation and brighter consumer sentiments.

By Jim Tyson • Aug. 11, 2023

Toast CEO: Lessons learned from fee flub

“We learned a lot from this,” Toast CEO Chris Comparato said. “And there’s more questions we’re going to ask ourselves internally when we execute these types of pricing changes or structural changes moving forward.”

By Caitlin Mullen • Aug. 11, 2023

Inflation cools, validating slowdown in Fed rate hikes

Although gains in the prices of many goods and services slowed in July, shelter and fuel costs rose at rates that may limit disinflation in coming months. 

By Jim Tyson • Aug. 10, 2023

LeaseQuery expands into SaaS management in Stackshine buy

The deal comes as many companies grapple with how to rein in out-of-control SaaS spending.

By Alexei Alexis • Aug. 9, 2023

6 CFO tips for handling the backlash against ESG

The ESG backlash has compelled companies to alter their sustainability strategies, including ensuring close alignment with core business goals, the Conference Board said.

By Jim Tyson • Aug. 9, 2023

Small business pessimism eases: NFIB

Many economists have recently scuttled recession forecasts even as most small businesses still complain about persistent inflation and a tight labor market.

By Jim Tyson • Aug. 8, 2023

Cyber insurer Resilience raises $100M in expansion bid

The funding is expected to help accelerate the company’s global expansion and scale the adoption of its recently-launched cyber-risk platform.

By Alexei Alexis • Aug. 8, 2023

Tech hirers are pulling back from remote work postings

The share of tech job postings that are for remote positions declined to 18.6% in May after hitting a post-pandemic peak of 24% last August, according to JLL and Lightcast.

By Maura Webber Sadovi • Aug. 7, 2023

Gensler pressured by 80 Democrats to adopt climate risk rule

Democrats backed a proposed SEC rule on carbon emissions disclosure following GOP-backed hearings last month aimed at curbing federal promotion of ESG principles.

By Jim Tyson • Aug. 7, 2023

Tesla CFO, ‘Master of Coin,’ resigns after 13 years with company

The automaker’s chief accounting officer, Vaibhav Taneja, took over on Aug. 4, replacing Zachary Kirkhorn. 

By Eric Walz • Aug. 7, 2023

CVS ties customer experience to compensation

How customers perceive a brand based on every interaction with it should be measured across multiple lines of business, CVS Health’s Srikant Narasimhan said.   

By Suman Bhattacharyya • Aug. 4, 2023

Record number of ESG shareholder proposals go to a vote

As of June 30, approval rates for shareholder proposals focused on environmental and social issues fell compared to all of 2022, Diligent Market Intelligence said.

By Jim Tyson • Aug. 4, 2023

With generative AI, start with the basics, EY tells CFOs

CFOs facing the generative AI learning curve should take a two-pronged approach to its deployment, EY’s Mike Kelly advises.

By Grace Noto • Aug. 4, 2023

M&A slump raises bar for seller CFOs

The mergers and acquisitions boom is long over. The best CFOs are cleaning up their books and arming their CEOs with key data to win offers anyway.

By Chris Gaetano • Aug. 3, 2023

CPA firms facing talent shortage hike starting salaries 14%

Many accounting firms lacking qualified staff have had to turn away work, according to alliantTalent.

By Jim Tyson • Aug. 3, 2023