What’s Going on in Finance from CFO
A new survey challenges the conventional wisdom that only especially generous employer health plans would be subject to the Affordable Care Act‘s “Cadillac tax” provision. Rather than applying only to the most generous health plans, a survey says the tax will “weigh heavily” on most businesses. Read more.
Data is the most important asset. It even gets recorded, intangible as it is, on the balance sheet. Often it is data assets that justify market values that can be a huge multiple of book value. Treating data as a critical asset is a great organizational redesign opportunity that requires oversight by a C-level executive. Read more.
Get your finance from CFO. Enjoy today’s roundup.
French Ad Agency Publicis Loses $54M Account
The hit comes just after the firm announced plans to prop up its sluggish revenues.
In Search of Certainty
Fourth-quarter results from the Duke/CFO Business Outlook Survey show the effects of economic uncertainty.
David W. Owens and Chris Schmidt, Contributors
Wyndham Settles FTC’s Data Security Charges
The settlement may serve as a template for future enforcement actions against companies over “unreasonable data security.”
Why Data Needs a Seat at the Corporate Table
Treating data as a critical asset is a great organizational redesign opportunity that requires oversight by a C-level executive.
Yahoo Shelves Plan to Spin off Alibaba Stake
The company cites tax considerations in deciding to focus instead on a reverse spinoff of its $23 billion investment.
Pep Boys Snubs Bridgestone for Icahn Offer
Bridgestone still has until Friday to make a counter-proposal that would top Icahn’s $837 million bid for the auto parts retailer.
74% of Employers Exposed to ‘Cadillac Tax’
Rather than applying only to the most generous health plans, a survey says the tax will “weigh heavily” on most businesses.
Wholesale Inventories Fall 0.1% in October
Businesses trimmed stockpiles of unsold merchandise after a record back-to-back increase in inventories in the first two quarters of this year.
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