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Submitted URL: https://link.cfodive.com/click/30433720.25049/ahr0chm6ly93d3cuymxvb21izxjnlmnvbs9uzxdzl2fydgljbgvzlziwmjmtmditmdevzmvklxn...
Effective URL: https://www.cfodive.com/
Submission: On February 02 via api from US — Scanned from DE
Effective URL: https://www.cfodive.com/
Submission: On February 02 via api from US — Scanned from DE
Form analysis
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Text Content
Skip to main content CONTINUE TO SITE ➞ DON’T MISS TOMORROW’S CFO INDUSTRY NEWS Let CFO Dive’s free newsletter keep you informed, straight from your inbox. By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. A valid email address is required. * Deep Dive * Opinion * Library * Events * Topics Menu * Search * Subscribe Search * Strategy & operations * Financial reporting * Compliance * Technology * Treasury * Risk management * Leadership Win McNamee via Getty Images FED SLOWS TIGHTENING PACE BUT SIGNALS MORE RATE HIKES TO COME Fed Chair Jerome Powell predicted that the U.S. will avoid recession in 2023 while saying the Fed should lean toward tightening too much rather than too little. Read more ➔ TOP STORIES 1. CFOS TO BOOST COMPENSATION 2. BIDEN ANTITRUST ENFORCERS BLOCK DEALS AT RECORD PACE 3. INTERIM ILLUMINA CFO TAKES PERMANENT SEAT 4. Opinion CFOS ARE FOCUSED ON TALENT — AND THE RETURN TO OFFICE 5. Deep Dive 4 RULES FOR CFOS CUTTING OFFICE SPACE THE LATEST * * nortonrsx via Getty Images EXTERNAL CFO HIRES SLUMPED IN 2022: STUDY External CFO hires declined in 2022, but companies are increasingly looking to their financial leaders as ‘logical successors’ to the CEO when it comes time to fill their top executive seat. Leadership * Permission granted by EY Sponsored by EY 5 QUESTIONS FOR CFOS BEFORE SELECTING SUBSCRIPTION KPIS Selecting the right subscription KPIs is imperative for CFOs looking to drive shareholder value. Strategy & operations * Anna Moneymaker via Getty Images WAGE GROWTH SLOWS, BLUNTING THREAT OF WAGE-PRICE SPIRAL Federal Reserve policymakers say that a steady decline in wage growth is essential for a sustained easing of inflation. Strategy & operations * ferrantraite via Getty Images POSHMARK CFO’S ‘ADVENTUROUS’ CAREER JOURNEY Rodrigo Brumana landed the CFO seat at Poshmark after coming to the US about 20 years prior knowing little English and having no financial experience. Strategy & operations * * Spencer Platt via Getty Images AIG FIRES INTERIM CFO, CITING CONFIDENTIALITY BREACH AIG says its departing finance chief, Mark Lyons, is walking away from the company with a $7.5 million settlement in recognition for past contributions. Leadership * NicoElNino via Getty Images EX-PFIZER CFO TALKS TACTICS FOR FIRST-TIMERS Frank D’Amelio, a veteran finance chief, says being ‘a player on the field’ is key for success during unpredictable times. Strategy & operations * Chris McGrath via Getty Images BATTLING SEC, CRYPTO FIRM GEMINI PICKS NEW FINANCE HEAD Gemini’s new finance chief takes the helm as the cryptocurrency sector faces increased scrutiny from regulators. Its partner Genesis filed for Chapter 11 bankruptcy protection this month. Technology * crbellette via Getty Images ACCOUNTANTS MAY UNDERESTIMATE IMPACT OF FED TIGHTENING: SURVEY “Further monetary tightening appears inevitable,” the ACCA and IMA said as the Federal Reserve prepared for a two-day policy meeting beginning Tuesday. Strategy & operations * * iStock / Getty Images Plus via Getty Images SLEEP NUMBER ON HUNT FOR NEW CFO The company’s chief human resources officer is moving into the CFO role temporarily. Leadership * Morris MacMatzen via Getty Images Deep Dive 5 CFO TIPS FOR BOOSTING TECH ROI CFOs are overhauling their technology budgets as inflation, slumping economic growth and other external forces jeopardize their earnings targets. Strategy & operations * Dan Kitwood via Getty Images FASB POISED FOR ANOTHER CRYPTO VOTE The FASB is on track to issue proposed new standards for cryptocurrency by April. The implosion of crypto exchange FTX is likely to sharpen scrutiny of the project. Financial reporting * scyther5 via Getty Images CFO FP&A CLOSE-UP: FINANCE FUNCTION’S ‘OCTOPUS’ Between intergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. Strategy & operations * Kevin Dietsch via Getty Images SOUTHWEST UPS TECH SPEND TO $1.3 BILLION The airline will be increasing its technology spending following a quarterly loss triggered by its holiday traveling system failure, which resulted in the cancelation of over 16,700 flights in a ten-day period. Financial reporting * Vertigo3d via Getty Images COMPANIES FACE DATA PRIVACY MAZE, SKILLS GAP CFOs could be under increased pressure this year to focus on privacy, as new state laws come into effect. Compliance * Olivier Le Moal via Getty Images AUDITORS DIALED BACK MANDATED DISCLOSURES: STUDY The study found that auditors pulled back on their disclosures of potentially negative financial matters as companies adjusted to new reporting requirements. Financial reporting * Tim Boyle/Staff via Getty Images IBM, SAP LATEST TO SLASH WORKFORCE IBM joins Microsoft, Google, Salesforce and now SAP SE in paring down its workforce as the technology and software industries face a highly inflationary environment. Financial reporting * Christopher Doering/CFO Dive CAMPBELL SNATCHES INTEGRA LIFESCIENCES CFO In announcing the move, Campbell CEO Mark Clouse touted Anderson’s “strategic experience and financial discipline.” Leadership * courtneyk via Getty Images HOW TO BALANCE GROWTH AND CASH FLOW AMID UNCERTAIN DEMAND Meritech Capital partner joins Airbase CFO to discuss metrics as a framework for when to say ‘no’. Strategy & operations * Courtesy of KPMG KPMG PRIMES SHRINKING CFO, CPA PIPELINE The shortage of accountants is one of the main concerns keeping KPMG’s Greg Engel up at night. The firm is teaming up with universities to expand the talent pool. Strategy & operations * acilo via Getty Images CFOS MUST STAY DISCIPLINED ON TECH SPEND When it comes to tech spending, finance heads should keep their focus on business needs first and transformation second. Technology * “Iowa State Capitol, Des Moines” by Dan Brekke is licensed under CC BY 2.0 SEVERAL STATES CUT CORPORATE TAX RATES FOR 2023 Many states are competing for businesses by reducing corporate tax rates as of Jan. 1, the Tax Foundation said. Strategy & operations * Terry Wyatt via Getty Images LIVE NATION CFO BLAMES BOTS IN SWIFT TICKET FIASCO Roughly two months after thousands of Taylor Swift fans were prevented from buying tickets, Ticketmaster’s CFO told a Senate committee Tuesday that the company could have done better. Risk management * Justin Sullivan via Getty Images TWITTER HEADQUARTERS LANDLORD FILES UNPAID RENT SUIT The suit filed against Twitter comes as a surge of tech firms have announced massive layoffs along with plans to trim real estate costs. Strategy & operations * Damir Khabirov via Getty Images WORKING FROM HOME BOOSTS WORKING TIME: NBER PAPER The number of U.S. employees who work remotely has more than tripled during the pandemic. Workers who forgo a commute spend more time at work, researchers said. Strategy & operations * Scott Olson via Getty Images TYSON CFO PLEADS GUILTY TO TRESPASSING, INTOXICATION CHARGES: REPORT John Randal Tyson pleaded guilty to charges of public intoxication and trespassing. The move marks a change from one month earlier when he pleaded not guilty. Strategy & operations * pixelfit via Getty Images TECH FIRMS HUNT FOR ‘OPERATING’ CFOS Technology firms are seeking CFOs that can add financial rigor to their operations even as they move to cut staff and costs in the face of a probable recession. Technology More stories GET THE FREE NEWSLETTER Subscribe to CFO Dive for top news, trends & analysis Email: * Select user consent: By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. Sign up A valid email address is required. Please select at least one newsletter. MOST POPULAR 1. Deep Dive 4 rules for CFOs cutting office space 2. AIG fires interim CFO, citing confidentiality breach 3. Wage growth slows, blunting threat of wage-price spiral 4. External CFO hires slumped in 2022: study LIBRARY RESOURCES * Trendline Preparing for a recession in inflationary times Supported by Vic.ai * Trendline The state of fraud and AML in banking Supported by Ubiquity * Playbook Get Recession-Ready With Indirect Tax Automation Custom content for Vertex View all COMPANY ANNOUNCEMENTS * CFO.com Survey Indicates CFOs and Business Leaders are Cautiously Optimistic Amid Expected Eco… From CFO.com View all | Post a press release WHAT WE’RE READING * Reuters FedEx to cut senior jobs as part of larger staff reduction * The Wall Street Journal FTC Loses Antitrust Challenge to Facebook Parent Meta * PYMNTS New York Requires Disclosure in Small Businesses Financing View all EVENTS * 06 FEB Webinar | 10 a.m. ET Winning the War for Talent: Why On-Demand Pay Is Becoming the Must-Have Benefit to Get and Keep the Best Employees Presented by studioID and CloudPay * 13 FEB Webinar | 2 p.m. ET Turn Your Finance Operation Team Into a Revenue Generating Arm Presented by studioID and Gaviti * 16 FEB Webinar | 2 p.m. ET M&A, ESG, and Cybersecurity: Tackle Risk and Seize Opportunity in 2023 Presented by studioID and Plante Moran View all events INDUSTRY INTEL * 2022 Sustainability Action Report Industry Report • Provided by Deloitte * Finance Transformation: How to Adopt an Agile Approach and Get Management Buy-in Webinar - on demand • Provided by Prophix * Accelerate Your Path to Agile FP&A with Continuous Financial Planning Webinar - on demand • Provided by Alight CFO DIVE NEWS DELIVERED TO YOUR INBOX Get the free daily newsletter read by industry experts Email: * Select user consent: By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. 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