Corporate Finance: Page

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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    DOL Proposes Expanding Overtime

    The Labor Department has proposed raising the threshold under which workers are entitled to mandatory overtime pay, whenever their workweek exceeds 40 hours, to $35,308.Under current rules, the threshold is $23,660 a year. The change would extend overtime eligibility to 1.1 million additional wor...

    By • March 8, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    CFOs on the Move: Week Ending March 8

    National Geographic Partners, a joint venture between National Geographic and 21stCentury Fox, appointed Akilesh Sridharan finance chief. He previously was senior vice president of corporate development and strategy for Fox Networks Group.Ravi Ahuja Ravi Ahuja will head finance at Disney Televisi...

    By Joan Urdang • March 8, 2019
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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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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    The Two-Step Process for Achieving Agility

    The marketplace rewards agility. Likewise, it punishes companies that are too slow and myopic to see what’s coming and to act before they suffer serious consequences. In an era where tomorrow may not look anything like today, agility may well be the defining characteristic of success.Some in the ...

    By Jim Bell • March 7, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Don’t Lose Sight of Value

    It is the CFO’s responsibility to ensure that a project starts only after adequate analysis of delivered value. Because part of the CFO role is to bridge numbers and value, a CFO that loses sight of value gives up control and can create a serious power imbalance that may damage the relationship w...

    By • March 5, 2019
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    CFO Editorial Staff
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    Metric of the Month: Number of Accounts in the Chart of Accounts

    APQC is currently in the middle of transitioning to a new ERP system. In my role as CFO, the most challenging part of this project by far has been cleaning up our chart of accounts as we make the move. With more than 5,000 accounts, our chart of accounts has gotten incredibly bloated over the yea...

    By • March 4, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Consumer Spending Drops 0.5% in December

    U.S. consumer spending took a big tumble in December, possibly foreshadowing a slowdown in economic growth this quarter.The Commerce Department reported Friday that spending fell 0.5% at the end of 2018 amid a sluggish holiday season. It was the biggest decline in nine years and followed gains of...

    By Matthew Heller • March 1, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    SEC Names Gabriel Benincasa as First Chief Risk Officer

    The U.S. Securities and Exchange Commission announced it has named Gabriel Benincasa as chief risk officer, a position created by Chairman Jay Clayton to strengthen the SEC’s risk management and cybersecurity efforts. Benincasa is the first person to hold the position.In a statement, the SEC said...

    By • March 1, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    CFOs on the Move: Week Ending March 1

    Citigroup announced that Mark Mason, finance chief of its institutional clients group, will take over the top finance spot following the retirement of John Gerspach this month. Gerspach joined the bank in 1990 and became CFO in 2009.Kaiser Aluminum promoted Neal West to chief financial and accoun...

    By Joan Urdang • March 1, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    On the Go: The Quiz

    Controlling travel costs may not be the first thing on a CFO’s mind, but large companies spend several hundred million dollars annually on business travel. Airfare, hotel stays, rental cars, and meals quickly add up. Take a crack at our quiz on travel costs, based on information provided by Busin...

    By CFO Editorial Staff • Feb. 28, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    House Committee Probes Credit Reporting Agencies

    The House Financial Services Committee pressed the country’s major credit reporting agencies about their business practices, amid calls for legislation to reform the industry.“Our nation’s consumer credit reporting system is broken,” Representative Maxine Waters, chairwoman of the House Financial...

    By • Feb. 27, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    The Other Side of the Network

    “It sounds sort of scary,” says Sam Srinivas, referring to the new approach to cyber risk management he’s helped develop at Google. “But it’s even more secure.”Hit by a wave of phishing attacks around 2009, the internet giant decided that, rather than merely bolster its firewalls and construct ne...

    By • Feb. 27, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Judge Signs Order for Musk to Respond to SEC Contempt Motion

    The Securities and Exchange Commission has filed a motion in federal court that would require Tesla CEO Elon Musk show why he should not be held in contempt for violating a settlement deal that required him to get approval before sending tweets about the company.On February 19, Musk tweeted that ...

    By • Feb. 26, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Let’s Get Digital

    Digital transformation has no definitive playbook.Indeed, it’s hard to even pin down a definition of the term. Going digital is a lot more than just taking advantage of information technology; it represents a change in activities, processes, competencies, and models, according to i-SCOOP. Those c...

    By • Feb. 26, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Ready for a Recession?

    Tension between superpowers. Tariffs. Rising interest rates. Volatile markets. Stagnant wages. Brexit. A flattening yield curve. Most of all, a 10-year run of relatively stable economic growth that is long overdue for a correction.“There will be a recession because there has to be,” says Robert A...

    By • Feb. 26, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Ford Probing Problems With Fuel Economy Claims

    Ford Motor Company said it has hired outside investigators to examine its vehicle fuel economy and testing procedures. The move comes after employees, last fall, raised concerns the automaker relied on incorrect calculations used to translate test results into the mileage and emissions data submi...

    By • Feb. 22, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    CFOs on the Move: Week Ending Feb. 22

    Avis Budget Group named John North III to head finance, effective March 18. He takes over from interim CFO Martyn Smith, who will take on an advisory post for at least six months. Previously, North was CFO and chief accounting officer at Lithia Motors.Mike Nelson has been appointed to lead the fi...

    By Joan Urdang • Feb. 22, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Kraft Heinz Discloses SEC Probe, Shares Tank

    Kraft Heinz shares plunged in extended trading Thursday after the food giant disclosed a regulatory investigation of its accounting practices and a $15.4 billion goodwill impairment charge.Investors got a dose of bad news in Kraft Heinz’s fourth-quarter earnings report, which also showed it swung...

    By Matthew Heller • Feb. 22, 2019
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    Sales Calls from Inside Prison Walls

    As a lead-generation company, Televerde’s business is obviously very sales-oriented. CFO Jill Barnard says she works very closely with the sales organization to tailor the firm’s approach on behalf of specific customers and to develop a broad menu of pricing options.Still, she doesn’t any have in...

    By • Feb. 21, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    6 Tips for Establishing a Data-Driven Culture

    By now, most companies have accepted the wisdom that advanced analytics is a key to their success, if not now then in the not-too-distant future.But as is true for many enterprise-wide transformations, implementing data analytics won’t achieve success if it’s viewed as just an IT project, notes a...

    By • Feb. 20, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    U.K. Committee: Facebook ‘Intentionally and Knowingly’ Broke Laws

    U.K. lawmakers said Facebook “intentionally and knowingly” violated data privacy and competition laws and Chief Executive Officer Mark Zuckerberg showed “contempt” toward Parliament by not appearing before it.The comments came in a report from the U.K. Digital, Culture, Media and Sport committee ...

    By • Feb. 18, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Cognizant Settles Foreign Bribery Charges

    Cognizant Technology Solutions has agreed to pay $25 million to settle charges from the Securities and Exchange Commission that it violated the Foreign Corrupt Practices Act.Officials at the U.S. Department of Justice said Gordon Coburn, the former president of Cognizant, and Steven Schwartz, the...

    By • Feb. 15, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    CFOs on the Move: Week Ending Feb. 15

    Victory Capital Holdings promoted Michael Policarpo to CFO and chief administrative officer. As head of finance, he succeeds Terence Sullivan, who is leaving the firm on March 1. Policarpo has been at the company for 14 years, serving as CFO from 2013 to 2017 and most recently as chief operating ...

    By Joan Urdang • Feb. 15, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Basketball CFO Takes His Shot at Real Estate

    When is a sports-team CFO not a sports-team CFO? When he or she is attending to the team’s various other businesses.In the past decade-plus it’s become a trend for sports franchises to spearhead real estate development in the area surrounding their stadium or arena, and to pursue other business p...

    By • Feb. 14, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Retail Sales Tumble in December

    U.S. retail sales fell 1.2% month-over-month in December, according to the latest figures from the Commerce Department. It was the largest decline in more than nine years and warned of a sharp drop in economic activity at the end of 2018.“What I find particularly concerning was the pullback in di...

    By • Feb. 14, 2019
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    Karpovich, Vlada. "Woman doing paperwork" [Photograph]. Retrieved from Pexels.
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    Companies Are Worried About Employee Retention, But Don’t Plan to Raise Pay

    Sixty-six percent of companies said employee retention is a major concern, but a large majority of them don’t plan to raise compensation in a meaningful amount amid concerns the economy might be headed toward a recession, according to a survey from PayScale.Sixty-nine percent of companies said th...

    By • Feb. 13, 2019