Corporate Finance: Page 131

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    A Great Run

    In January of 1988, James Freeman was working at the CPA firm he headed when he got a phone call from William Dillard, founder and CEO of the Little Rock, Arkansas-based department store chain that bears his name. Dillard’s was the firm’s largest client, and the founder wanted Freeman to “come ov...

    By Edward Teach • Feb. 26, 2015
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    30 Years of Finance

    In February 1985, Ronald Reagan was settling into his second term as President; he would turn 74 on February 6. Madonna’s album Like a Virgin was number one on the charts. The price of a first-class stamp rose from 20 cents to 22 cents, and Coca-Cola introduced Warren Buffett’s favorite drink, Ch...

    By Edward Teach • Feb. 26, 2015
  • Businessperson talking to a group of people in a meeting a the office Explore the Trendline➔
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    Trendline

    Top 5 stories from CFO.com

    From CPA licensure changes to undergoing a digital transformation, these are the most popular stories CFOs are reading. 

    By CFO.com staff
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    America on Top

    A muddled outlook for the global economy emerges from the latest quarterly Duke University/CFO Magazine Global Business Outlook survey. In the United States, the confidence of finance executives in both the domestic economy and their own companies remained relatively strong in the fourth quarter ...

    By David W. Owens • Feb. 25, 2015
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    Specialty Drugs Eat More of Health-Care Spending Pie

    While the rise in corporate health-care costs has significantly moderated in 2014 and 2015, inflation in the cost of drugs continues to outpace the overall medical spending trend.In a Buck Consultants survey of 170 organizations, 77% of them said they spent at least 16% of total heath-care costs ...

    By • Feb. 25, 2015
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    Goodyear Settles Africa Bribery Charges

    Goodyear Tire has agreed to pay $16 million to settle charges that its subsidiaries in Kenya and Angola routinely bribed employees of government agencies and private companies to land tire sales, the U.S. Securities and Exchange Commission announced Tuesday.The subsidiaries, Treadsetters in Kenya...

    By Matthew Heller • Feb. 24, 2015
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    The Financial Risk Lurking in Your Supply Chain

    As CFOs, we wear a lot of hats. We oversee the treasury, monitor our markets and position our companies for the future. Let me suggest another hat we should be wearing: that of the champion of supply chain resilience.Jeffrey Burchill, CFO, FM Global This role entails taking a hard look at the vul...

    By Jeffrey A. Burchill • Feb. 23, 2015
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    Lockheed Martin Settles 401(k) Lawsuit

    Lockheed Martin has settled an employee lawsuit for failing to disclose its portfolio managers’ excessively high fees and underperforming funds within the company’s 401(k) program.The Bethesda, Md., defense contrasctor agreed to put money directly into employees’ 401(k) plans and compensate forme...

    By Katie Kuehner-Hebert • Feb. 23, 2015
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    The High Cost of Falling Prices

    For central banks in the rich world, two is a magic number. If prices rise at 2% a year, most shoppers can more or less ignore their slow ascent. And a touch of inflation is hugely helpful: it gives bosses a way to nudge unproductive workers — a pay freeze actually means a 2% cut — and an incenti...

    By Economist Staff • Feb. 23, 2015
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    Demand for High-Skilled Workers Not Driving Wage Gap

    Employers’ demand for workers with high-level skills and education is not translating into wage inequality, according to the Economic Policy Institute.The EPI said its review of National Bureau of Economic Research data bucks the conventional wisdom that because there is a shortage of skilled or ...

    By Matthew Heller • Feb. 22, 2015
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    Droning On, Despite FAA Ban

    The U.S. Federal Aviation Administration’s near-total ban on commercial use of unmanned aircraft may have been honored more in the breach than the observance, The Wall Street Journal reports.The FAA has granted 26 companies exemptions from the ban but according to the WSJ, some large corporations...

    By Matthew Heller • Feb. 20, 2015
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    IASB Member Sees Revenue Rule Delay As Inevitable

    A member of the International Accounting Standards Board has added his voice to the calls for a delay in implementation of the new standard on recognizing revenue from contracts with customers.Both the IASB and the Financial Accounting Standards Board have been considering a delay amid complaints...

    By Matthew Heller • Feb. 19, 2015
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    Lawsuit Aims to Pull Plug on Apple Car Battery

    It looks like Apple may be expanding from smartphones and tablets to electric cars.A Reuters story on Thursday reported that A123 Systems, a Waltham, Mass.-based developer of industrial lithium-ion battery systems and cells, is suing the Cupertino, Calif., consumer electronics giant for poaching ...

    By Katie Kuehner-Hebert • Feb. 19, 2015
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    Service Innovation in a Digital World

    A growing number of companies are finding their service businesses under threat. The culprits are members of a new wave of digital upstarts that capitalize on changes in technology, customer behavior, and the availability of data to create innovative, customer-friendly alternatives to the service...

    By Ewan Duncan, Tony D'Emidio, and David Dorton • Feb. 18, 2015
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    Cloud Computing’s Waste Land

    More and more companies are migrating to the cloud for computing power, but many are actually wasting too much money on unused services.According to a Wall Street Journal story, common mistakes that drive up cloud computing costs include ordering too much computing power, failing to program softw...

    By Katie Kuehner-Hebert • Feb. 17, 2015
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    Kraft CFO Leaving Amid Management Reshuffle

    Teri List-Stoll is leaving her job as CFO of Kraft Foods Group as part of management changes that the packaged food giant is hoping will position it for future growth after a sluggish 2014.The finance division will report to new CEO John Cahill, who took over in December, until a replacement for ...

    By Matthew Heller • Feb. 13, 2015
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    Can You Trust Your Big Data?

    Managers need to “stop making excuses” for their flawed big data and work to ensure that aggregate information on which high-level decisions are made is complete, accurate, and understandable.So says Thomas C. Redman, president of Navesink Consulting Group and author of Data Driven: Profiting fro...

    By Katie Kuehner-Hebert • Feb. 13, 2015
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    Real Estate Developer Accused of Insider Trading

    The U.S. Securities and Exchange Commission has charged an Atlanta real estate developer with making $744,000 in illicit profits by trading Radiant Systems stock based on insider information he had obtained from a friend connected to the IT company.Charles L. Hill, Jr., began investing in Radiant...

    By Matthew Heller • Feb. 13, 2015
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    Consumer Sentiment Wavers

    Consumer optimism slipped in early February due to renewed concerns over employment and wage growth, as well as a diminished outlook for the domestic economy, a key survey of consumers showed Friday.The University of Michigan’s consumer sentiment index fell to 93.6 in early February, from 98.1 in...

    By Katie Kuehner-Hebert • Feb. 13, 2015
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    New Bill Authorizes Security Threat Sharing

    Both Congress and President Barack Obama are taking measures to facilitate information sharing between the government and private companies on cyber threats.Sen. Tom Carper, Delaware Democrat and ranking member of the Homeland Security and Governmental Affairs Committee, Wednesday introduced SB 4...

    By Katie Kuehner-Hebert • Feb. 13, 2015
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    Tax Breaks Not Helping Startups

    The benefits of targeted tax incentives for startups and innovative companies may be weakened and sometimes eliminated in part because they may be limited in their ability to use tax deductions and credits, according to a new report.Researchers at the Tax Policy Center said targeted tax incentive...

    By Matthew Heller • Feb. 13, 2015
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    CFOs on the Move: Week Ended Feb. 13

    Newell Rubbermaid has promoted John Stipancich to lead the finance function. Stipancich, who joined the company in 2004, had been corporate secretary and general counsel, as well as executive leader of the firm’s operations in Europe, the Middle East and Africa. He also had served as interim CFO ...

    By Joan Urdang • Feb. 13, 2015
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    Vanessa Wittman Hired As Dropbox CFO

    In a possible signal that it is moving closer toward an IPO, Dropbox has hired former Motorola Mobility CFO Vanessa Wittman as its finance chief, replacing Sujay Jaswa.Wittman, 47, has extensive experience at public companies whereas Jaswa, who took over as Dropbox CFO a year ago, came from a ven...

    By Matthew Heller • Feb. 12, 2015
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    GE Opens Up Board Nominations

    General Electric is the latest in a small list of companies to adopt “proxy access,” so institutional investors can nominate one of their own for a seat on the company’s board.In an 8-K filing to the Securities and Exchange Commission Wednesday, GE said that its board had amended the Fairfield, C...

    By Katie Kuehner-Hebert • Feb. 12, 2015
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    Apple Accused of Exploiting Overseas Workers

    A watchdog group contends that Apple is still exploiting workers overseas. The computing giant  “consistently suppresses labor costs by shifting production to cheaper manufacturers,” which has led to “poorer labor conditions,” says China Labor Watch.According to a report CLW released Wednesday, A...

    By Katie Kuehner-Hebert • Feb. 12, 2015
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    Income Growth Limited to First 10 Years for Most

    American workers should make the most of their first 10 years in the labor market because, according to a new study from the Federal Reserve Bank of New York, their earnings aren’t likely to grow over the subsequent 20 years of employment.From an analysis of U.S. Social Security Administration da...

    By Matthew Heller • Feb. 12, 2015