Corporate Finance

Finance and Accounting Roundup for Executives

Be informed, get involved, and change the world through finance. Here's today's CFO roundup.
Kerry MarunaOctober 30, 2015

What‘s Going on in Finance Today...

 

Former Federal Reserve Bank employee costs Goldman Sachs $50M. Advising a client with stolen information may land the current Sachs employee in prison for one year. Sources at the New York Times suggest this case shows the dangers of job hopping. Get the whole story below, or start reading now by clicking here.

Which industries would you find the highest paid executives? Answer, the real-estate industry, according to new study. Although, executive pay only increased 0.7% in 2014, falling from 12.6% growth in 2013. Decipher the numbers in the link below, or get them now by clicking this link.

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Start your weekend with the best financial stories on the web. CFO.com has the insights executives need. Here’s the CFO roundup…

 

Fed Points Toward Rate hike in December

After its latest policy meeting, the central bank downplays recent financial market turmoil and drops warnings of global economic fragility.

>> Matthew Heller

 

Sales Taxes for Online Retailers: Tell Us What You Think

Should out-of-state retailers have to collect sales taxes in states where they don’t have a physical presence?

>> CFO Staff

 

Business-Backed Cyber Bill Passes Senate

The Senate’s 74-21 vote is a setback for privacy activists who say the legislation is a backdoor surveillance bill.

>> Matthew Heller

 

The Annual Budget May Be Past Its Useful Life

Most companies don’t generate an adequate return on investment on their budgeting processes.

>> Gregory V. Milano and John R. Cryan, Contributors

 

U.S. GDP Growth Slows to 1.5%

The third-quarter numbers from the Commerce Department show a reduction in business inventories but a robust increase in consumer spending.

>> Katie Kuehner-Hebert

 

Eleventh-Hour Budget Deal Hikes Pension Premiums, Again

The premiums plan sponsors pay to the PBGC, which already were to rise, were hiked again to pay for a funding deficit just before the House passed the bill.

>> David McCann

 

Ally Financial’s Q3 Profit Falls 37%

Income from auto financing fell 16.4%, to $347 million, while income from dealer financing fell 18.5%, to $387 million.

>> Katie Kuehner-Hebert

 

Goldman Fined $50M Over N.Y. Fed Document Theft

The investment bank admitted it failed to supervise an employee who was a former bank examiner at the Federal Reserve Bank of New York.

>> Matthew Heller

 

PayPal’s “Take Rate” Declined in Q3

Clients bringing the company larger volumes of payments are also forcing it to lower its fee per transaction.

>> Katie Kuehner-Hebert

 

CFO Pay Growth Slows to 4.9% in 2014

The highest-paid CEOs and CFOs are now those within the real estate industry, according to a BDO compensation study.

>> Matthew Heller

 

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