The Latest
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Business travel could rise by 8% to 12% this year
Twenty percent of travelers said they expect to take six to 10 business trips this year.
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M&A market ticks up YoY, spurring hopes for big surge ahead
166 deals valued at more than $100 million were completed globally during the second quarter of 2024.
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8 ways the axing of SEC’s climate disclosure rule may benefit CFOs
“By requiring disclosures of certain things, you’re trying to push boards and companies to act in a certain way rather than just doing what they know and what they consider to be in the best interest of the shareholders,” said former SEC General Counsel Robert Stebbins.
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CFO Peer Audit: How is your progress on AI implementation and guidance?
“We have some AI incorporated, but I wouldn’t say it’s new AI,” said e.l.f. Beauty CFO Mandy Fields.
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Sam Altman-backed project releases data on largest US basic income study: Trial Balance
On average, recipients worked 1.3 fewer hours per week and were 2 percentage points less likely to be employed.
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The CFO’s second act: succession planning matters
“It’s almost spiritual for a high-powered C-suiter to dig deep within themselves and evaluate how best to go from full speed to retirement.”
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CFOs On the Move: Week ending July 19
CFO changes at HSBC, Eastern Bankshares, Rockwell Automation and Puttshack.
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Q&A
Applying foundation to build 77% sales growth: e.l.f. Beauty CFO Mandy Fields
“A lot of CFOs think marketing is just an investment or a cost center. I believe it helps drive sales when you have the right recipe and the right CMO who has the right ideas in play.”
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72% of CFOs got a raise in 2023: report
Median increases for CEO pay fell flat in 2023 to 0%, down from 2.9% in 2022. For CFOs, the standard increase of 4% was the median figure.
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90% of CFOs say ESG issues will be a major focus over the next 5 years
Stakeholders are pressuring CFOs to raise their ESG game.
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47% of the world’s ‘unicorn’ companies are in the US
The United States looks particularly primed for strong IPO activity over the next couple years.
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Former CFO of Chicago’s Loretto Hospital charged with $15M wire fraud
Over three years, payments were wired to companies with generic medical supply names that were entirely fictitious.
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MIT’s Acemoglu talks AI hype: Trial Balance
This week’s docket includes a Q&A with Mandy Fields of e.l.f. Cosmetics, data on the surge of Asian IPO dominance and a new edition of the CFO Peer Audit series.
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5 AI trends CFOs must know: Project Strawberry, IT Brand Pulse report and China’s impact
Globally, 44% of insurance companies are integrating AI chatbots or generative AI into the claims resolution process, while 42% have already begun.
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4 imperatives for the future finance department
These emerging trends point to a need for upskilling finance professionals to best respond.
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The 6 a.m. CFO: How Quincy, Massachusetts’ CFO Eric Mason starts his day
“I strongly encourage dissenting thoughts. I want people to disagree with me.”
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Hackett Working Capital Survey: All cash conversion cycle elements degraded last year
“It's really the continuation of inflation and supply chain issues [and] the market dynamics driving overall inventory that is making it much harder for companies to manage inventory,” said Hackett Group director Shawn Townsend.
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CFOs On the Move: Week ending July 12
CFO changes at UPS, Eli Lilly, ADM, Ionic Digital and Olaplex.
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Chipotle CFO Jack Hartung to retire in 2025; successor named
"It has truly been an honor and a privilege to serve as Chipotle's CFO and deliver on our purpose of cultivating a better world.”
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John Tyson, CFO of Tyson Foods, arrested again in another alcohol-related incident
"We are aware that John Randal Tyson, CFO of Tyson Foods, was arrested for an alleged DWI. Tyson Foods has suspended Mr. Tyson from his duties effective immediately,” the company said in a statement.
Updated July 16, 2024 -
How to measure productivity with revenue per employee: Metric of the Month
Revenue-generating support provided by outsourced workers can distort this important measurement of productivity.
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Q&A
Weed Man CFO Prajakta Raut helps lawn care company grow like, well, weeds
“I’m a CPA with a strong accounting background, but today’s CFO needs many more skills.”
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Congress pushes for US payments system expansion; could benefit companies’ working capital
A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.
Updated July 12, 2024 -
Opinion
5 steps to build a great company culture that adds bottom-line value
Here are some lessons for making it sustainable over the long term.
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Summer hiring helps US job report avoid a ‘downbeat month’: Trial Balance
“What [we’re] seeing is pockets of weakness, and that weakness can be problematic for inflation, not a coolant for [it],” said ADP’s chief economist Nela Richardson.