Corporate Finance: Page 50
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Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs On the Move: Week Ending December 6
Greg Wookey Salon booking platform Boulevard appointed Greg Wookey as the company’s first chief financial officer. Prior to joining Boulevard, Wookey served as the CFO for AI company Inbenta. He previously spent nearly seven years at business management software company MINDBODY where he served a...
By Lauren Muskett • Dec. 6, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Ex-Celadon Execs Accused of Accounting Fraud
The former chief operating officer and former CFO of Celadon have been charged with orchestrating an accounting fraud that enabled the trucking company to hide tens of millions of dollars in losses.The charges against former COO William Meek, 39, and CFO Bobby Peavler, 40, came eight months after...
By Matthew Heller • Dec. 6, 2019 -
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.
Japan’s Cabinet Approves $122B Stimulus Package
Japan’s cabinet has approved a $122 billion fiscal stimulus package, its first since 2016 and one of the largest in the world, as the country seeks to revive GDP growth after its economy stalled throughout the summer and fall.Japan’s Prime Minister Shinzo Abe “For the first economic stimulus of t...
By Lauren Muskett • Dec. 5, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Chasing the C-Suite
Amy Shelly, CFO of The Options Clearing Corp. As women begin to crack open the glass ceiling, the phenomenon of the so-called glass cliff is emerging. The glass cliff is the notion that women in leadership roles often get top jobs when things are dangerously bad and the probability for failure is...
By Lauren Muskett • Dec. 5, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Expedia CEO, CFO Resign After Disagreement with Board
Expedia’s chief executive officer Mark Okerstrom and chief financial officer Alan Pickerill resigned from the company, effective immediately.“Ultimately, senior management and the board disagreed on strategy,” chairman Barry Diller said in a statement.Diller and vice chairman Peter Kern will over...
By Lauren Muskett • Dec. 4, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Cleveland-Cliffs to Buy AK Steel in $1.1B Stock Deal
Cleveland-Cliffs has reached an agreement to buy Ohio steelmaker AK Steel for about $1.1 billion in stock, the companies announced. The combined company will match Cleveland-Cliffs’ mining operations with AK Steel’s steel production.Under the deal, AK Steel shareholders will receive 0.40 shares o...
By Lauren Muskett • Dec. 3, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Metric of the Month: Days to Perform a Site-Level Annual Close
December marks the final month of the fiscal year for many companies. That means that the year-end closing process is here, accompanied by its attendant work spikes and stresses. The annual close comes during one of the heaviest workload periods of the year for accountants, as month-end, quarter-...
By Perry D. Wiggins • Dec. 3, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
The 5 Biggest Trends In Cryptocurrency For 2020
Speculation is at the heart of the cryptocurrency market. Obviously, price speculation is present across all assets, but most thriving cryptocurrencies have survived largely thanks to speculation about their anticipated applications and promised potential.Of course, this speculative quality has a...
By Lauren Muskett • Dec. 2, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Black Friday Online Sales Reach Record $7.4B
U.S. consumers spent $7.4 billion online on Black Friday and another $4.2 billion on online purchases on Thanksgiving, according to research from Adobe Analytics.The research found that consumers made $2.9 billion in purchases from their smartphones on Friday, a record for mobile sales.“With Chri...
By Lauren Muskett • Dec. 2, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Silver Lake Buys $500 Million Stake in Manchester City Owner
U.S. private equity firm Silver Lake has agreed to buy a stake in City Football Group (CFG), owner of the U.K. football team Manchester City, for $500 million. The deal values CFG at $4.8 billion, the companies said.Silver Lake is buying just over 10% of CFG, which is controlled by United Arab Em...
By Lauren Muskett • Nov. 27, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs On the Move: Week Ending November 27
Peter Zarrella Peter Zarrella joined fiber bandwidth company Segra as its chief financial officer. Most recently, Zarrella was vice president of finance – fiber for shared communications infrastructure company Crown Castle. He has previously served as senior vice president at Lightower Networks a...
By Lauren Muskett • Nov. 27, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Companies Face Demand for Third-Party CSR Certifications
Like never before, companies face demands for robust corporate social responsibility (CSR) and sustainability programs. These programs are typically based on benchmarking against environmental, social, and governance (ESG) criteria, utilizing the Global Reporting Initiative’s core option.As compa...
By David McCann • Nov. 26, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
EBay to Sell StubHub to Viagogo for $4B
EBay has reached a deal to sell its StubHub ticketing business to Viagogo, a European rival, for $4.05 billion in cash, the companies announced.The founder and CEO of Viagogo, Eric Baker, co-founded StubHub while in business school. He left before the ticket reseller was sold to eBay in 2007 for ...
By Lauren Muskett • Nov. 26, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Luxury Retailer LVMH to Buy Tiffany for $16.2B
LVMH has reached an agreement to buy the iconic jewelry brand Tiffany & Co. for $135 per share in cash, or $16.2 billion, the companies said.In October, LVHM confirmed it had held preliminary talks with Tiffany over a possible transaction, but the resulting offer, reportedly for $120 per shar...
By Lauren Muskett • Nov. 25, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
GE Taps Maersk CFO to Head Finance
Carolina Dybeck Happe After a four-month search, General Electric named Carolina Dybeck Happe, CFO of Danish shipping giant A.P. Moller-Maersk, to perhaps the top finance chief role in the United States.Dybeck Happe leaves Maersk after less than a year on the job. She will lead GE’s global financ...
By Vincent Ryan • Nov. 25, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Bumble Bee Files for Chapter 11 Bankruptcy Protection
Bumble Bee Foods has filed for Chapter 11 bankruptcy protection, citing “recent and significant legal challenges.” In a statement Thursday, the San Diego-based company said it had entered into an agreement with FCF Fishery, its largest creditor, to sell its assets for approximately $925 million.“...
By Lauren Muskett • Nov. 22, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs On the Move: Week Ending November 22
Gina Mastantuono Cloud computing company ServiceNow named Gina Mastantuono chief financial officer, starting January 13. Mastantuono joins the company from Ingram Micro where she held the same role. Prior to Ingram Micro, she was Revlon’s senior vice president, chief accounting officer, controlle...
By Lauren Muskett • Nov. 22, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Big Banks Would Undergo Climate Stress Test Under Proposed Legislation
New legislation being considered in the U.S. Senate would require the Federal Reserve to subject large financial institutions to stress tests to measure the banks’ resilience to climate-related financial risk.The Climate Change Financial Risk Act of 2019 would require the Fed to establish an advi...
By Lauren Muskett • Nov. 21, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Why Isn’t Your Transformation Showing Up in the Bottom Line?
“Transformation” is the buzzword of the day for companies in most industries. But for many it carries an asterisk.Studies show wide variation in companies’ rates of success with organizational transformations — whether they are changing how they go to market, updating back-office processes, autom...
By Ryan Davies, Douglas Huey, and David Kennedy • Nov. 21, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Vanquish Silos to Improve Administrative Services
“Silos.” It feels almost like a dirty word, doesn’t it?Indeed, they’ve been problematical for companies since, well, forever.The traditional approach to delivering administrative services is costly, dysfunctional, and often maddening to internal customers, according to Jonathan Schiff, a consulta...
By David McCann • Nov. 20, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Alibaba on Track to Raise $12.9B in HK Listing
Alibaba Founder Jack Ma Alibaba could raise $12.9 billion after pricing a secondary listing in Hong Kong at a slight discount to its U.S.-listed shares in what would be the biggest initial public offering of the year.The Chinese e-commerce giant said Wednesday it was issuing the Hong Kong shares ...
By Matthew Heller • Nov. 20, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
DoorDash Sued Over Tipping Practices
The Attorney General for the District of Columbia filed a lawsuit against food delivery service DoorDash saying the company was “deceptive” when it took customer tips meant for delivery people and used them to cover base pay.“This practice was deceptive, as any reasonable consumer would have expe...
By Lauren Muskett • Nov. 20, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Three Steps to Make CFOs Champions of the Data Revolution
The new CFO is expected to be a strategic thinker and communicator who drives change and value creation throughout the business. That’s well beyond the narrow confines of the finance department. A CFO is no longer allowed to just look back and provide explanations for things that have already hap...
By Nathan McMurtrey • Nov. 19, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Energy Startup Creates Solar Energy Hot Enough for Industrial Processes
Solar startup Heliogen used mirrors, arrayed using artificial intelligence, to concentrate sunlight and generate temperatures above 1,000 degrees Celsius. At that temperature, fossil fuels can be replaced in critical industrial processes, including the production of cement, steel, and petrochemic...
By Lauren Muskett • Nov. 19, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
HP Rejects Xerox’s Takeover Offer
HP’s board of directors unanimously rejected Xerox’s offer to acquire the company for approximately $33 billion, saying the proposal significantly undervalued HP and was not in the best interests of HP shareholders. Xerox bid $22 per share for the company, consisting of 77% cash and 23% stock, on...
By Lauren Muskett • Nov. 18, 2019
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