This edition of the CFO Daily Roundup has all CFO articles from August 14, 2015…
Ex-SAP Exec Accused of Panama Bribery
The executive arranged large discounts to a corporate partner ‘in order to generate a cash pot to bribe government officials and win business for SAP.’
StumbleUpon Planning to Lay Off 70% of Workers
The content curation platform failed to land additional funding.
CFOs on the Move: Week Ending August 13
Church & Dwight, Shutterstock, Republic Airways, FLIR Systems, Cepheid, Endurance International, American Axle, U.S. Concrete, Press Ganey, Electro Rent.
>> Joan Urdang
Auto Industry Boosts Manufacturing Output
Industrial production was up 0.6% in July but the manufacturing sector as a whole rose only 0.1%.
Goldman Sachs Gets $16B in Deposits From GE Capital
The acquisition of GE’s online banking unit gives Goldman a cheap source of funding as it becomes more of a universal bank.
Etsy Avoids Disclosure With Irish Tax Haven
The company’s Irish subsidiary no longer has to report basic financial data or the amount of tax it will pay.
FTC Tackles Meaning of ‘Unfair Competition’
For the first time, the agency outlines how it will use its unfairness powers under antitrust law but a GOP commissioner dissents.
Goldman Sells Last Physical Commodity Asset
The sale of a Colombian mining operation at a steep loss completes Goldman Sachs’ exit from the commodity business after nearly 35 years.