Corporate Finance: Page
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Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending May 3
The Home Depot has announced that CFO Carol Tomé will retire in August. Richard McPhail, now senior vice president of finance control and administration, will take over the top finance spot then.Carol Tomé Pharmaceutical firm Gilead Sciences said that Robin Washington, who leads the finance funct...
By Joan Urdang • May 3, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Tech Companies to Watch 2019: Sisense
In this third year of CFO’s Tech Companies to Watch, we found a notable shift in the applications being offered by vendors. In every functional area of the companies that made our annual list — process management, recruiting, travel expenses, receivables management, and compliance among them — th...
By Lauren Muskett • May 2, 2019 -
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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.
Metric of the Month: Formal Succession Planning Lacking
Succession plans help organizations develop and retain key talent, increase engagement, diversify the pool of potential leaders, and mitigate risk with respect to key positions in leadership and operations. Strong succession planning is critical for any organization because in life there are trul...
By Perry D. Wiggins • May 1, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Gig Workers Are Not Employees: DOL
The U.S. Department of Labor said this week that service providers working for an unidentified virtual marketplace company were independent contractors rather than employees and should be treated as such under the Fair Labor Standards Act.The DOL’s opinion came in an April 29 letter in response t...
By Vincent Ryan • May 1, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Tech Companies to Watch 2019: AuditBoard
In this third year of CFO’s Tech Companies to Watch, we found a notable shift in the applications being offered by vendors. In every functional area of the companies that made our annual list — process management, recruiting, travel expenses, receivables management, and compliance among them — th...
By David McCann • May 1, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
How to Build a Strategic Relationship with the CIO
According to a recent Gartner report, “How CIOs Can Work Effectively with CFOs to Optimize Cost,” CIOs “have not demonstrated the ability to effectively optimize IT spending to their CFOs’ satisfaction, leading to arbitrary budget cuts.”While the CEO and CFO tend to share the same narrative aroun...
By David McCann • April 30, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
How to Blow the Whistle to the SEC
Want to blow the whistle on your company and receive a fat monetary award from the Securities and Exchange Commission for reporting a securities law violation?Since the SEC Office of the Whistleblower announced its first award in 2012, it has issued 29 of them exceeding $1 million. One of those w...
By Vincent Ryan • April 30, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Tech Companies to Watch 2019: Yapta
In this third year of CFO’s Tech Companies to Watch, we found a notable shift in the applications being offered by vendors. In every functional area of the companies that made our annual list — process management, recruiting, travel expenses, receivables management, and compliance among them — th...
By Lauren Muskett • April 30, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Parker Hannifin to Buy LORD for $3.68B
Parker Hannifin on Monday announced it has agreed to buy LORD, a privately held manufacturer of advanced adhesives and coatings and other specialty materials, for about $3.68 billion.In a statement, Parker Hannifin said LORD’s product set would strengthen its aerospace and defense businesses and ...
By Vincent Ryan • April 29, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Tech Companies to Watch 2019: YayPay
In this third year of CFO’s Tech Companies to Watch, we found a notable shift in the applications being offered by vendors. In every functional area of the companies that made our annual list — process management, recruiting, travel expenses, receivables management, and compliance among them — th...
By Lauren Muskett • April 29, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending April 26
Erika Noonburg-Morgan Ventura Foods appointed Erika Noonburg-Morgan to head finance. She takes over for Andy Euser, who has been promoted to chief administrative officer. Noonburg-Morgan formerly worked at Coca-Cola Beverages Florida, where she was responsible for running its commercial, financia...
By Joan Urdang • April 26, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
U.S. Economy Posts Surprise 3.2% GDP Gain
The U.S. economy grew more than expected in the first quarter amid a sharp decline in imports and a buildup of inventories but economists said underlying trends are consistent with an economic slowdown.The Commerce Department reported Friday in its initial estimate of first-quarter growth that gr...
By Matthew Heller • April 26, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Slack Files for Direct Listing
Cloud-based collaboration company Slack has filed to pursue a direct listing on the New York Stock Exchange.In its S-1 filing released Friday, the company reported $400.6 million in revenue for the latest fiscal year but said it had a net loss of $140.7 million. Its revenue was up 82% year-over-y...
By Lauren Muskett • April 26, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Tech Companies to Watch 2019: Completed.com
In this third year of CFO’s Tech Companies to Watch, we found a notable shift in the applications being offered by vendors. In every functional area of the companies that made our annual list — process management, recruiting, travel expenses, receivables management, and compliance among them — th...
By David McCann • April 26, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Stay or Go: The Quiz
If inhabitants of the United Kingdom had access to a time machine, we’re pretty sure they would turn back the clock to February 20, 2016. That’s the date former Prime Minister David Cameron announced a public referendum on whether the UK should leave the European Union. See how much you know abou...
By CFO Editorial Staff • April 25, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Surescripts Sued Over Anti-Competitive Practices
The Federal Trade Commission filed an antitrust lawsuit against the health information network Surescripts, accusing the company of using illegal vertical and horizontal restraints to maintain monopolies over electronic prescribing markets.In a lawsuit filed April 17 in the U.S. District Court fo...
By Lauren Muskett • April 25, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Buybacks: Is Reform Overdue?
Fueled by the Tax Cuts and Jobs Act, 2018 was a bonanza year for stock buybacks. According to numbers from Standard & Poor’s, U.S. companies repurchased $806.4 billion of their own stock last year, up 55% over 2017. Buybacks accounted for the lion’s share of the $1.23 trillion (35% more than ...
By Ramona Dzinkowski • April 25, 2019 -
First Person: Andy Fastow and Me
Twenty years ago, CFO gave Enron finance chief Andrew S. Fastow a CFO Excellence Award in the category of “capital structure management.” In a feature story naming him an award recipient, Fastow said, “Our story is one of a kind.” Little did he know how prophetic those words would soon become.I r...
By Russ Banham • April 24, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Occidental Makes $57 Billion Bid for Anadarko
Occidental Petroleum offered $76 a share to buy oil and gas driller Anadarko Petroleum. The Occidental offer was sent in a letter to Anadarko’s board and offered $38 in cash and 0.6094 Occidental shares. The deal values Anadarko at $57 billion, including debt.The offer follows an April 12 announc...
By Lauren Muskett • April 24, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Hire Quickly and Compliantly Worldwide
For a growing company, pursuing and achieving the goal of international expansion can be fraught with challenges—especially for firms unaccustomed to navigating the legal, regulatory, and cultural terrain of an unfamiliar locale. Indeed, in a new survey of U.S. senior finance executives working a...
By Gerry Marletta • April 24, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Tech Companies to Watch 2019: FortressIQ
In this third year of CFO’s Tech Companies to Watch, we found a notable shift in the applications being offered by vendors. In every functional area of the companies that made our annual list — process management, recruiting, travel expenses, receivables management, and compliance among them — th...
By David McCann • April 24, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Rent-A-Center Reaches Settlement Over Failed Merger
Rent-A-Center announced it has reached a settlement agreement with Vintage Capital Management and its financial partner B. Riley Financial over the breakup of their merger agreement last year.Under the terms of the settlement, Vintage will pay $92.5 million in cash instead of the original merger’...
By Lauren Muskett • April 22, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Fintech Lender Settles with SEC for Overstating Investor Returns
The returns investors can earn from marketplace lending sometimes sound too good to be true. In the case of fintech company Prosper, they were.On Friday, the Securities and Exchange Commission announced that San Francisco-based Prosper Funding LLC had miscalculated and materially overstated annua...
By Vincent Ryan • April 19, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
Softbank’s Investment in WeWork: No Problem
A client asked recently for my view on Japanese conglomerate SoftBank Group’s substantial investment in WeWork, whose CEO evidently profited by selling WeWork stock in order to buy properties that he then leased back to WeWork.My client’s question is whether these transactions constitute a confli...
By David McCann • April 18, 2019 -
Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
JPMorgan Chase Names New CFO; Lake to Head Consumer Lending
Jennifer Piepszak, new CFO of JPMorgan Chase Jennifer Piepszak, JPMorgan’s current CEO of card services, is headed to the office of the CFO. After the markets closed on Wednesday, JPMorgan Chase confirmed that Piepszak would take Marianne Lake’s place as the chief financial officer of the banking...
By Vincent Ryan • April 18, 2019