Corporate Finance

Finance Roundup for Executives

Be informed, get involved, and shape the world through finance. Here's today's CFO roundup.
Kerry MarunaDecember 11, 2015

What’s Going on in Finance Today from CFO

Jim Cline never aspired to be a CEO. After serving as finance chief for more than seven years at Trex, a publicly held maker of wood-alternative outdoor decks and railings, he ascended to the top executive role in August of this year. But, at 66, it was Cline’s unbiased appraisal of the business’s needs, and not ambition, that drove him to take the job. Read more.

Sid Sankaran, the AIG’s chief risk officer, will take on the CFO role after AIG files its 10-K for 2015 early next year. Also, John Doyle, head of commercial insurance, will be replaced by Rob Schimek, a former CFO of that unit who currently is chief executive of the Americas. Read more.

More financial information than you think – find it at CFO. Enjoy today’s roundup.

A Better Way to Do Ecommerce

A Better Way to Do Ecommerce

Learn how Precision Medical leveraged OneWorld to cut the cost of billing in half and added $2.5M in annual revenue.

 

SEC Chair: Audit Quality Improving Since SOX

But Mary Jo White cautions that recent PCAOB inspections have found “significant deficiencies” and audit committees may be taking on too much work.

Matthew Heller

 

Capital Allocation Principles Stand Test of Time

Intuit CFO Neil Williams dissects the three broad components of capital allocation strategy.

Neil Williams

 

AIG Names New CFO in Management Shake-up

The moves come amid pressure from activist investor Carl Icahn, but analysts question the departure of finance chief David Herzog.

Katie Kuehner-Hebert

 

Strong Turnaround Leads CFO to the CEO Chair

A few years after outdoor deck provider Trex went through an epic transformation, the CFO who helped lead the change now has the title he never sought.

David McCann

 

Walmart Launches Smartphone App for Paying at Register

“Walmart Pay” is the latest manifestation of an ongoing transformation of the shopping experience.

Katie Kuehner-Hebert

 

Internet Tax Ban Likely To Become Permanent

Members of Congress have tried for years to remove the sunset date on the 1998 ban, which has required a number of extensions.

Katie Kuehner-Hebert

 

New State Laws Support Uber’s Business Model

Uber classifies drivers as independent contractors rather than employees.

Matthew Heller

 

Unemployment Claims Climb to Five-Month High

But the unemployment claims didn’t affect sentiment that the U.S. Federal Reserve will raise interest rates next week.

Matthew Heller

 

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