Corporate Finance: Page 23
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Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs On the Move: Week Ending May 14
Ger Dwyer Ger Dwyer, CFO of Alphabet’s self-driving unit Waymo, is leaving the company this month. His departure comes after the exit of chief executive officer John Krafcik, who was replaced by two co-CEOs. Dwyer started at Google in 2006 and moved over to Waymo in 2016. He led finance for Googl...
By Lauren Muskett • May 14, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Protecting the Enterprise from Social Media Threats
A few years ago, one of my clients, a large financial services organization, fired one of its C-suite executives for cause. The executive’s separation was acrimonious, leading to litigation and counterclaims.Shortly after the executive’s departure, the organization noticed a sharp uptick in defam...
By Lauren Muskett • May 12, 2021 -
Explore the Trendline➔
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TrendlineTop 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 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
What the C-Suite Is Saying About Bitcoin
What is your thinking on Bitcoin and cryptocurrencies? Many “experts” claim to know what CFOs and CEOs think about the development of digital assets, the use of Bitcoin on balance sheets, and the business opportunities crypto presents. But rarely do they examine the public statements by members o...
By Vincent Ryan • May 10, 2021 -
Under Armour Fined $9M Over Accounting Trick
Under Armour has agreed to pay $9 million to settle charges that it met quarterly revenue estimates through the accounting trick of pulling forward about $408 million in orders.The settlement resolved an investigation by the U.S. Securities and Exchange Commission during which SEC staff had indic...
By Matthew Heller • May 4, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs On the Move: Week Ending April 30
Scott Roe Tapestry, the parent company of Coach, Kate Spade, and Stuart Weitzman, appointed Scott Roe as chief financial officer, effective June 1. Roe joins the company from VF Corp., where he worked for 25 years. Before he became VF’s CFO in 2015, Roe served in several senior management positio...
By Lauren Muskett • April 30, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Leadership Lessons From a Year of Mass Disruption
JP Morgan Chase CEO Jamie Dimon recently wrote in his shareholder letter that he is bullish on the U.S. economy, explaining: “I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine, and euphoria...
By Brian Peccarelli • April 30, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Blockchain Applications and the War for Talent
Blockchain is in the news again, as cryptocurrencies, the technology’s most well-known application, have gained momentum as a mainstream asset class. Companies with a bullish view on cryptocurrencies — such as Microstrategy, Square, and Tesla — have announced the acquisition of Bitcoin for their ...
By Kenneth Kuk, Dominic Okus, Shai Ganu, and John Bremen • April 28, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Reg FD: Preventing Infractions
Regulation Fair Disclosure (Reg FD) was enacted in 2000 to preserve the integrity of the capital markets. Its purpose is to prevent unfair trading advantages via the selective disclosure of material nonpublic information to people who might trade on the news. The significance of Reg FD was recent...
By Moira Conlon • April 26, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Supply Pain
Typically, the container ports of Los Angeles and Long Beach are the busiest in the Western Hemisphere, a hive of 24/7 activity as cargo moves from ships to trucks or trains. But on one recent afternoon, a flotilla of more than two dozen ships, carrying anywhere from 6,000 to 11,000 20-foot-long ...
By Russ Banham • April 21, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Metric Matters: Five CFOs and the Numbers They Are Tracking
Which metric does your business’s success hinge on in any given year? It changes depending on a company’s lifecycle, financial state, customer base, market trends, business model shifts, and a slew of other factors.Maybe a CFO is trying to tilt the revenue mix in a specific direction, stop high c...
By Vincent Ryan • April 21, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Getting Back to Growth
A new global survey reveals that 9 out of 10 CFOs are optimistic about how their companies will perform in 2021, while 8 out of 10 CFOs see global expansion as the path to long-term growth.The February 2021 survey of chief executive officers, chief financial officers, and other senior finance exe...
By Lauren Muskett • April 21, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Can Excel Survive?
In 1985, Ronald Reagan was a second-term U.S. president; Mikhail Gorbachev assumed the role of general secretary of the Soviet Union’s communist party, still tucked behind the Iron Curtain; the median price for an existing American home was about $75,000; and a basketball phenom named Michael Jor...
By Karen Epper Hoffman • April 21, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
The Case for The Recurring Revenue Asset Class
Harry Hurst is the co-CEO of Pipe, a platform for companies to trade monthly recurring revenue for upfront annual revenue from yield-seeking buy-side investors.Just a few years ago, if you wanted access to something, you bought it or maybe leased it. This was true for office space, automobiles, o...
By Harry Hurst • April 19, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
What Gary Gensler’s Confirmation As SEC Chair Means For Crypto
The Senate confirmed Gary Gensler in a 53-54 vote as the new chair of the U.S Securities and Exchange Commission (SEC) earlier this week.What Happened: Gensler’s confirmation is likely to have a significant impact on the crypto industry, and industry proponents have hypothesized that the U.S coul...
By Vincent Ryan • April 16, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Delek Pushes Back At Carl Icahn Proxy Contest
Delek US Holdings, a Brentwood, Tennessee-based downstream energy company, is pushing back at what it describes as a proxy contest coordinated by CVR Energy, a competitor controlled by investor Carl Icahn.What Happened: CVR acquired a 15% stake in Delek last year and is its largest shareholder; I...
By Vincent Ryan • April 12, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Alibaba’s Ant Group to Become a Financial Holding Company
Alibaba Group Holding Limited’s Ant Group subsidiary has yielded to regulatory pressure and agreed to organize itself as a financial holding company.What Happened: Following an ultimatum from the People’s Bank of China, Ant, a fintech company, said it will become a financial holding company that ...
By Lauren Muskett • April 12, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Cyber Breach Disclosures Still Take More Than a Month
After being discovered, cybersecurity breaches are not consistently disclosed promptly, found an Audit Analytics study of public companies released on Friday. On average, publicly held companies took 53 days to disclose a breach incident after discovering it. The 53-day average disclosure timefra...
By Vincent Ryan • April 9, 2021 -
Interim CFO: Finding the Right One
During an unpredictable economic recovery period, businesses cannot afford to have an empty seat in one of their key leadership positions. Leadership voids are particularly perilous when it comes to the CFO position.CFOs are the ultimate utility players in an organization — they’re captains of de...
By Sean Mooney • April 8, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
JP Morgan’s Jamie Dimon Says Economic Boom Could Continue Into 2023
Jamie Dimon is optimistic on the U.S. economy in the near future, and the JPMorgan Chase chairman and CEO is urging corporate leaders to play a more active role in shaping public policy.In his annual letter to shareholders, Dimon gave a thumbs-up to the circumstances shaping the socioeconomic env...
By Vincent Ryan • April 7, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs On the Move: Week Ending April 1
Armin Zerza Activision Blizzard promoted Armin Zerza to chief financial officer. Zerza joined the company in 2015 as CFO of Blizzard Entertainment and has assumed expanded roles and increased responsibility at both Activision Blizzard and Blizzard Entertainment. He currently serves as chief comme...
By Lauren Muskett • April 1, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
FASB Gives Private Companies Goodwill Accounting Break
Private companies and nonprofit organizations got some breathing room on goodwill accounting this week. The Financial Accounting Standards Board published an update to U.S. accounting rules that allows private companies and nonprofits to only test for goodwill impairments at the time they are clo...
By Vincent Ryan • March 31, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Biden Infrastructure Plan Includes Tax Increases
President Joe Biden will formally release a $2-trillion infrastructure plan Wednesday afternoon as a two-part legislative initiative.The White House is framing the proposal under the title of “The American Jobs Plan” and is presenting it as the most significant domestic investment since President...
By Vincent Ryan • March 31, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Chip Supply Shortage Will Last Through 2022: Foxconn
A chip supply shortage has become a material issue, with several automakers warning of production hits from the paucity of semiconductors.The problem is growing beyond carmakers and into the technology industry, according to Apple’s Taiwanese supplier Hon Hai Precision Industry, popularly known a...
By Lauren Muskett • March 30, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
HARIBO of America CFO Plans for Gummies Growth
Wes Saber, CFO, HARIBO of America How much appetite do chocolate-loving Americans have for the chewy, colorful, sour and sweet non-chocolate candies known as gummy bears?A lot, HARIBO of America hopes. Germany-based HARIBO, a 100-year-old private company, has been a driving force in building the ...
By Vincent Ryan • March 29, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Cazoo to Go Public in $7B SPAC Deal
Online used-car seller Cazoo Holdings said on Monday it plans to go public through a merger with a blank check company Ajax in a deal that values the combined company at $7 billion.What Happened: The deal includes up to $805 million Ajax cash in trust, and the company expects to raise about $800 ...
By Lauren Muskett • March 29, 2021