Financial News and Analysis | CFO Dive
WEBRealPage lawsuit opens a new antitrust front for pricing algorithms. The rise of Big Data across the economy raises antitrust concerns, especially where companies are sharing sensitive proprietary data, legal experts say. CFO Dive provides in-depth journalism and insight into the most impactful news and trends shaping the finance industry.
Costco CFO keeps close eye on working capital, inventory
WEBOct 1, 2020 · Dive Brief: To ensure Costco stocks the right amount of items going into the winter, the warehouse chain’s CFO, Richard Galanti, is keeping a close eye on working capital and inventory levels. Sales figures have improved, but traffic has not returned to pre-pandemic levels, Grocery Dive reported last week.
Truist pushes ambitious reorganization in $750M cost-cutting plan
WEBNov 6, 2023 · Truist announced its plan to realize $750 million in cost savings over 12 to 18 months during the Barclays Global Financial Services Conference in September. At the time, CEO Bill Rogers said the company would make “sizable reductions” to its workforce over the next three quarters centered around a restructuring that included consolidated ...
FASB sets compliance clock for new expense disclosure rules
WEBJun 26, 2024 · The Financial Accounting Standards Board by a 7-0 vote Wednesday agreed to effectively finalize new rules that will require public companies to break out “relevant” expense line items on the income statement by disclosing in the notes to the financial statements certain expenses such as purchases of inventory, employee compensation ...
CPA firms facing talent shortage hike starting salaries 14%
WEBAug 3, 2023 · Fewer than 1% of small- and medium-size CPA firms can find enough qualified U.S. candidates for employment, and 56% plan to hike starting salaries by 14% on average, a survey found. Nearly one out of five CPA firms (18%) plan to boost starting salaries by 21% to 40%. Struggling to narrow a yawning talent gap, CPA firms are also hiring workers ...
Press Releases - CFO Dive
WEBAug 8, 2024 · Legion Secures $50M Growth Investment Led by Riverwood Capital To Accelerate Market Growth and Drive Global Hourly Workforce Innovation. Press release from Legion Technologies • May 07, 2024. Next. Submit a press release with CFO Dive & get your news in front of industry leaders | PR Distribution Starts at $289.
CFOs seek insights, efficiency boost from process mining
WEBApr 29, 2022 · CFOs are increasingly exploring ways to gain insights and streamline basic finance operations through process mining, which pinpoints inefficiencies and helps upgrade a workflow toward its “ideal model,” Gartner found in a survey. Process mining provides unbiased “X-ray vision into your problems” in such activities as the closing ...
Preparing for the CFO seat, with mentorship built in
WEBMay 19, 2021 · After working alongside the company for five years as an investment banker with Moelis and Company, he knew Herbalife’s executive team well. So, when John DeSimone, Herbalife’s CFO at the time, asked him to come on board in 2017 as vice president of finance and strategic planning, Amezquita didn’t hesitate. “It was a …
4 CFO tips for spurring growth through innovation: McKinsey
WEBNov 27, 2023 · Companies deemed by McKinsey to be innovative growers each follow four guidelines: 1. Put innovation at the core of strategic and financial discussions. During quarterly earnings calls, innovative growers discuss innovation twice as much as their peers and link creativity to profitable and sustainable growth, McKinsey said.
Jabil CFO steps up as CEO is placed on paid leave
WEBApr 19, 2024 · Dive Brief: Electronics contract manufacturer Jabil CFO Michael Dastoor will be stepping in as interim CEO effective Friday, the company said in a filing with the Securities and Exchange Commission. The move comes after the St. Petersburg, Florida-based company placed its CEO Kenneth Wilson on paid leave April 15, pending the results of an investigation related to corporate policies, according ...
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