Jamie Dimon’s Annual Shareholder Letter, CFO Compensation Data, and More: Trial Balance

JPMorgan Chase CEO Jamie Dimon said artificial intelligence is one of the most potentially transformative inventions of the past several hundred years. 

Autodesk to Audit Financial Practices, Delay Annual Report

The construction technology giant said it doesn’t believe the investigated areas will affect any previously issued financial statements or its most recent earnings release.

CFOs On the Move: Week Ending April 5

New CFOs at Spotify, Heathrow Airport, Farmers Insurance, Jacobs Solutions, World Insurance Associates, and more. 

Modern FP&A Leadership: Strong Data, Communication, and Empathy

"Data from operations, supply chains, sales, marketing, all this data needs to be matched up together. If you have data silos, you won't be able to understand all that you can from your data," saud Wouter Born, founder of Born Capital.

From Investment Banker to First-Time CFO: Moloco’s Brandon Maultasch

“There's always a balancing act of scrappy and scalable in each of the capabilities we’re building on the finance team.”

Former Indiana Schools CFO Charged With Corruption, Theft

Scott Bumgardner faces 21 felony charges for corrupt business influence and theft, as the school system looks to recover the missing funds while shoring up its financial controls. 

Finance Team Collaboration Drives Lower Process Costs: Metric of the Month

Getting people to work together more effectively will help drive costs down sustainably.    

71% of Big 4 Auditors Worry About Mental Health

But those at the Big Four are hardly alone; many auditors, wherever they work, feel similarly.

98% of Large Tech Execs Have Paused Internal GenAI Initiatives: Report

Many of the U.S.’ largest companies are pausing their efforts to implement GenAI products and tools, according to new data. 

South Carolina’s $1.8B ‘Mystery Fund’ Likely a Result of Communication Breakdown

After coming across $1.8 billion of unaccounted-for cash, South Carolina’s state comptroller is questioning the treasurer’s practices, while the treasurer is blaming poor communication on behalf of the comptroller. 

Old National Puts CFO Brendon Falconer on Leave Following Child Molestation Charges

The Evansville, Indiana-based bank named its chief strategy officer as interim CFO on Monday after Brendon Falconer was arrested last week.

3-Step Strategy for PE-Backed CFOs to Enhance EBITDA

Here’s how CFOs can better prioritize EBITDA enhancement.  

43% of Companies Monitor Worker’s Online Activity

Many employees have issues with their employers’ internet surveillance practices.

March Jobs Report, Moloco’s CFO, and Management Accounting: Trial Balance

Updates on the U.S. labor market highlight the first week of the new quarter.

55% of Business Leaders Concerned About the Safety of Future Bank Deposits: Report

Depositors remain concerned about the safety of deposits a year after the 2023 bank failures. 

CFOs On the Move: Week Ending March 29

New CFO appointments at SharkNinja, GameStop, Viz.ai, and more. 

Rave Restaurant Group Appoints New CFO, 5 Other Execs to Leadership Team

The company hired Jay Rooney as chief financial officer as it focuses on growing its buffet concept while overall unit count shrinks.

M&A Leader Turned Healthcare CFO: MultiPlan’s Jim Head

“I consistently tell investors, my job is about walking the tightrope between enhancing our margins and reinvesting back into the business.”

The 6 a.m. CFO: How Fresh FP&A’s Chris Ortega Starts His Day

“Often, many tend to focus on results as rewards, but throughout my life, I have realized the biggest reward you will get from any situation is the journey itself.”

CFO Optimism Rises in Q1: Duke/Fed Report

Fifty-three percent of finance chiefs said they’ve either slowed hiring, not filled openings, or laid off employees due to automation, according to the latest Duke-Fed CFO survey.   

M&A Pros Confident Deals Will Surge

But while there should be significantly more transactions this year, the size of deals likely will lag somewhat behind that surge.

Cybersecurity Action Plan: 7 Tips for Small Business CFOs

CFOs can more effectively assess risks by implementing a comprehensive cybersecurity program.   

Real Estate Developer’s CFO Accused of Stealing Millions of Government Grants for Homeless

Court filings in California allege a CFO stole millions of tax payer dollars, on top of multiple accusations of fraud, to finance an upscale lifestyle for him and his girlfriend. 

Former Long Island School CFO Found Guilty, Faces Sentencing

The former CFO of The Schechter School, David Ostrove, has been found guilty of misappropriating over $8 million dollars from the private Jewish school.

Port of Baltimore Halts Vessel Traffic After Bridge Collapse

While the port is still processing trucks, the loss of the Francis Scott Key Bridge will disrupt port operations for some time.