Bank Fee Analysis Uncovers Cost Savings

“I believe it's our fiduciary responsibility to manage our bank fees,” said Marguerite Versacci, assistant treasurer of Tronox.

BP Promotes CFO Murray Auchincloss to Interim CEO

Auchincloss assumes the interim role as the company must quickly pivot to find a successor for Bernard Looney — the third time in two decades the oil and gas company has found itself unprepared for a CEO resignation.

Health Care Finance Leader: Dartmouth Health’s Wendy Fielding

“We might be mission-driven, but we need to generate a margin in order to achieve that mission.”  

Bankruptcy Filings Soar in 2023

Commercial Chapter 11 filings jumped by 68% in the first six months of 2023. 

Orthofix CFO John Bostjancic, C-Suite Execs Terminated for ‘Inappropriate and Offensive Conduct’

Along with Bostjancic, CEO Keith Valentine and chief legal officer Patrick Keran were terminated for cause. Geoffrey Gillespie will act as interim CFO during the search for replacements.

Only 15% of Organizations Actively Incorporate Generative AI: Weekly Stat

While GenAI incorporation into strategy is low, the interest from finance chiefs is still apparent with 42% saying they are experimenting with the technology. 

Deferred Comp Plans Help CFO Retention and Retirement Savings

CFOs and other highly compensated employees get tax benefits and the ability to save money pretax above the statutory limits of a 401(k).

The Importance of 13-Week Cash Flow Forecasts

Here are three ways 13WCF can help CFOs make better decisions.  

Comment Period Opens for Proposed $55K Overtime Rule Threshold

Employers can weigh in on the overtime rule through Nov. 7. 

42% of Banking Execs Say Commercial Real Estate Credit Quality Will Drop

Lenders’ skepticism about borrowers’ ability to repay commercial real estate loans may be rising, as new data shows they expect credit quality to drop. 

CFO Career Breaks, Enhanced Cash-Flow Forecasting, FinovateFall Notebook: Trial Balance

This week, three finance leaders tell their career reset stories, CFO reports from FinovateFall, and CPI and U.S. retail sales numbers arrive.

The Return to Office Battle: What’s the Right Approach?

Using this strategy can help assist in the process of deciding which work model is best for your company.

7 Questions for FinovateFall 2023 Conference

As fintech leaders arrive in New York this coming week, here is what we at CFO are looking forward to the most at FinovateFall 2023.

The 6 a.m. CFO: How 1Stock Limited’s Nixon Kitimoi Starts His Day

Kitimoi discusses the value of perpetual change, his favorite quote from Winston Churchill, and his harmonious favorite number.

CFOs On the Move: Week Ending Sept. 8

New CFO appointments at Schneider National, The Honest Company, CKE Restaurants, and more. 

FASB Income Tax Disclosure Compliance Won’t Be An Easy Lift

“I think it is fair to say that this is a significant chapter in greater tax transparency,” said Brett Weaver, partner and ESG tax leader at KPMG.

Two Roles, One Goal: Senpex’s Murad Garashov

With two leadership positions, Senpex’s Murad Garashov has a unique perspective on being a CFO of a data-driven technology company. 

4 Tips for a Faster and More Effective Budgeting Process: Metric of the Month

These practices help organizations complete their budget quicker and with a better final product.

Silicon Valley Bank, First Republic Failures Caused Shift in Startups’ Deposits

New data on 400 venture-funded companies from Kruze Consulting reveals where startups moved their bank deposits when SVB and FRB started to fail.

99% of M&A Leaders Expect Deal Volume to Increase: Weekly Stat

“Valuations are down, and corporates are sitting on a lot of cash.”  

Arm’s Expected $4.7B IPO Could Clear Market Gridlock

“Arm’s offering will be an important test of market sentiment, especially for the big tech names that were sidelined by last year’s sell-off,” said Renaissance Capital's Bill Smith. 

9 Tips for Strategic Management During Uncertain Times

To shape the future of your business, especially during times of uncertainty, strategic management is a business imperative.

Don’t Rush Ethics in Generative AI Adoption Plans

Even when leaders feel the pressure to adopt generative AI quickly, ethical frameworks and use case policies should guide their plans.

Forget About Labor Trends: Here’s What’s Important to Gen Z Workers

As more Gen Z employees enter the workforce, CFOs and their fellow executives should know how young people evaluate the workplace. 

CFOs On the Move: Week Ending Sept. 1

Nasdaq names former UBS exec as new finance chief, EV startup Canoo names board member as CFO, and Sallie Mae hires new CFO before student loan payment restart.