Corporate Finance

Finance Roundup for Executives

Be informed, get involved, and shape the world through finance.
Kerry MarunaJanuary 4, 2016

What’s Going on in Finance from CFO

In a move Delaware’s governor called “deeply disappointing,” DuPont has announced it will reduce its workforce in its home state by about 28% ahead of its merger with Dow Chemical.

DuPont had previously indicated it would trim its workforce of 63,000 by 10% and slash costs by $700 million. The company said Tuesday that as part of that plan, about 1,700 jobs will be eliminated in Delaware by early 2016. Read more.

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.

Amid increased scrutiny of U.S. companies’ tax arrangements in Europe, Apple has agreed to pay as much as $350 million in a settlement with Italian tax authorities.

According to the BBC, investigators say they found an 880 million euro ($961 million) gap between Apple’s revenues in Italy of over 1 billion euros between 2008 and 2013 and the 30 million euros that it paid in tax in the country. Read more.

 

DuPont to Cut 1,700 Jobs in Delaware

The company says the layoffs of 28% of its home state workforce reflect an “urgent need” to reduce corporate overhead costs.

Matthew Heller

 

Apple Settles Italian Tax Probe for $350M

Investigators reportedly found a $961 million gap between Apple’s sales in Italy over a five-year period and what it paid in tax.

Katie Kuehner-Hebert

 

Cybersecurity CFO Hustles to Foster Firm’s Growth

CrowdStrike’s Burt Podbere worries “every single day” about whether the firm has enough capital to fuel what he sees as its “explosive” growth potential.

David M. Katz

 

Get more financial insights in the CFO library.