Corporate Finance: Page 24
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Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs On the Move: Week Ending March 26
Jackie Marks Jackie Marks will take over as finance chief at Condé Nast on March 29. Marks most recently was chief financial officer at asset management firm Mercer, where she joined in 2018. Before joining Mercer, she was the CFO of enterprise technology and operations at Thomson Reuters. While ...
By Lauren Muskett • March 26, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Elon Musk Violated Labor Laws With 2018 Tweet
The National Labor Relations Board has ruled that Tesla violated labor laws when it fired a union activist in 2017. The federal agency also ordered CEO Elon Musk to remove an “unlawful tweet” in 2018 that threatened Tesla workers hoping to unionize.What Happened: The NLRB directed Tesla to rehire...
By Vincent Ryan • March 25, 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.
GameStop Board to See Mass Departure
GameStop informed the U.S. Securities and Exchange Commission Wednesday that eight members of its board are expected to depart the company.What Happened: The exodus spans names ranging from former Nintendo executive Reginald Fils-Aimé to Kathy Vrabeck, formerly a president at Activision Publishin...
By Lauren Muskett • March 25, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Political Activity: Reducing a Company’s Risk Profile
Reputational risk used to mean a tainted product, child labor abuses, or hazardous employee work environments. Today, it can be a lot more subtle, as simple as an ill-timed tweet or insensitive video ad. And, frequently, the damage comes from being associated with, correctly or otherwise, a highl...
By Vincent Ryan • March 25, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Evaluating New Health Plan Designs
Employers provide health insurance coverage for over half of Americans, and the cost of health care continues to rise at a much faster rate than inflation or gross domestic product. This is despite the effects of the pandemic, which temporarily lowered health care costs for 2020. The need for cha...
By Jeff Levin-Scherz, Alan Silver, and Sheila Nordquist • March 24, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
M&A Deal Price: Agreeing to Disagree
Business leaders who’ve made it through the pandemic mostly intact might be feeling hopeful about a return to some degree of normalcy. Some have already been laser-focused on growth, seizing the opportunity to buy small businesses at a premium. And as a clearer picture starts to form of what 2021...
By Vincent Ryan • March 23, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Pre-Pandemic Job Levels Not Happening Until 2023: Economists
The U.S. job market is unlikely to return to its pre-COVID-19 pandemic levels until 2023 or later, according to a new survey released by the National Association of Business Economists (NABE).GDP Muscle BuildingThe organization, which has more than 2,900 members, conducted its latest NABE Outlook...
By Vincent Ryan • March 22, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Activist Investor Efforts Increasingly Lower Credit Ratings
Here’s another reason for finance chiefs to be wary of shareholder activist campaigns: increasingly, they lead to downgrades or other negative credit rating actions, especially for companies with already weak credit ratings.To be clear, most activist campaigns do not lead to changes in credit rat...
By Vincent Ryan • March 19, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs On the Move: Week Ending March 19
Trent Meyerhoefer Trent Meyerhoefer was appointed finance chief at barbecue grill retailer BBQGuys. Meyerhoefer was most recently CFO at eco-friendly packaging company Ranpak Holdings, where he led the global finance, accounting, treasury, information technology, human resources, and investor rel...
By Lauren Muskett • March 19, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
FASB Chair Jones Looks Ahead
Richard R. Jones With all the major accounting standards issued by the Financial Accounting Standards Board the last few years, it’s tempting to believe that finance departments are due a few years of relative quiet. However, there are plenty of issues lurking just outside the strict confines of ...
By Vincent Ryan • March 18, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
More Than Half Of Small Businesses Have Reopened: Survey
More than half of U.S. small businesses are fully reopened as local or federal pandemic shutdowns ease, according to a report from Kabbage, an American Express-owned fintech.What Happened: As part of an effort to track U.S. small business growth through 2022, Kabbage polled more than 550 small bu...
By Vincent Ryan • March 17, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs Can Control the Health Care Supply Chain
Think of what we know regarding your company’s employer-sponsored health care:Health care, although a top-three expense, is not a controllable cost.Health care inflation is a constant and, because of the national medical trend, we should expect annual cost increases.Based on your company size, se...
By Nick Hansen and Randy Hansen • March 15, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Danone Board Ousts CEO (and Former CFO) Emmanuel Faber
The board of directors at Paris-headquartered Danone announced the removal of Chairman and CEO Emmanuel Faber Monday.Gilles Schnepp will replace Faber as chairman. Véronique Penchienati-Bosetta and Shane Grant will serve on an interim basis as CEO and deputy CEO, respectively, until a new chief e...
By Vincent Ryan • March 15, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs On the Move: Week Ending March 12
Maria Bowles Medical group IHA promoted Maria Bowles to chief financial officer. Bowles joined the medical group in 2018 as the director of finance and budget after working at General Motors for 19 years. She worked in several areas during her time at the car manufacturer, including global financ...
By Lauren Muskett • March 12, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Coupang Shares Jump 40% After Monster IPO
South Korean e-commerce giant Coupang had a strong market debut in the U.S. on Thursday, indicating investor confidence in its strategy of focusing on the Korean market despite growing competition.Coupang shares jumped 40.7% to $49.25 in New York Stock Exchange trading following an IPO that raise...
By Matthew Heller • March 11, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
5 Questions for Jack Hartung, CFO, Chipotle
Jack Hartung The pandemic and ensuing lockdowns devastated restaurant sales in 2020. As the industry slowly recovers, the question is, will there be lasting changes that affect the business model.Fast-casual food chain Chipotle is on the front line of some of that change. Its digital orders as a ...
By Vincent Ryan • March 10, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Who’s a CFO?
Our February/March magazine cover story looks at the requisite competencies and skills for finance chiefs, but it leaves open the question of who gets hired as one. The annual Crist|Kolder Associates Volatility Report provides some clues. The search firm collects annual data on the turnover of C-...
By Vincent Ryan • March 3, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Texas Power Co-op Files Chapter 11 After Storm
The oldest and largest electricity cooperative in Texas has filed for bankruptcy, saying the state’s massive winter storm had resulted in a “catastrophic ‘black swan’ financial event.”According to CBS News, Brazos Electric Power Cooperative’s Chapter 11 petition “is likely to be the first of many...
By Matthew Heller • March 2, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Stock Buyback Plans Match CFOs’ Optimism
Stock buybacks may roar to life again in 2021 after being dampened by cash conservation measures to keep balance sheets fortified during the pandemic.Share repurchases began to accelerate in the third quarter of 2020 (the latest quarter for which numbers are available), when 38% of the S&P 50...
By Vincent Ryan • March 2, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Metric of the Month: Invoices Billed to Customers With Credit Terms
Decisions to extend or withhold credit can be difficult to make at any time and in any economy. In a global pandemic and economic downturn, these decisions can be even more difficult as businesses struggle to manage cash flow and keep the lights on. Every company wants to bring new customers in t...
By Perry D. Wiggins • March 1, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Senate to Begin Deliberations on Latest COVID-19 Relief Bill
The U.S. Senate this week will begin considering the $1.9 trillion COVID-19 relief bill passed by the House over the weekend.What Happened: The House of Representatives voted early Saturday morning to approve President Joe Biden’s $1.9 trillion coronavirus relief package. It was the first major l...
By Lauren Muskett • March 1, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Early Days of the Biden Presidency: The Quiz
A new presidential administration and a new political party holding a voting majority in the U.S. Senate heighten the uncertainty for U.S. executives. While it’s unlikely Congress will pass any new taxes during the pandemic, the situation deserves watching. How closely have you been following the...
By CFO Editorial Staff • Feb. 24, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Shareholder Distributions vs. Reinvestment: The Gap Grows
Cash distributions to shareholders via dividends and share buyback programs have kindled passionate debates about the focus of shareholder value. Some market analysts and observers express chagrin at what they believe is a widespread increase in shareholder payouts, led by companies such as Apple...
By Lauren Muskett • Feb. 24, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Special Report: Cloud Cost Control
The COVID-19 pandemic has been an accelerator of cloud services adoption. According to a report by International Data Corp., total worldwide spending on cloud computing, including hardware, software, and supporting services, will surpass $1 trillion in 2024, sustaining a compound annual growth ra...
By Bob Violino • Feb. 24, 2021 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Protecting Against Cyberattacks in a Remote Worker World
This year will continue to focus on the fast-growing threat of cyberattacks and the scale of damage they can do. The pandemic and continuation of remote working, along with greater reliance on mobile devices, have created additional opportunities for cybercriminals to exploit. Cybersecurity breac...
By Raul Anaya • Feb. 22, 2021
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