Remote Work: Essential Ideas From 2022

At one point during late 2021, the talk about where employees worked died down — many professional jobs were being done from home, and the focus was on just doing the job (in addition to staying healthy). There was an untested assumption about remote work, though — that it was working as long as ...

By Vincent Ryan • Dec. 29, 2022

Top CFO Interviews of 2022

For our weekly Q&A’s, CFO has highlighted the career journeys and goals of finance chiefs leading the way in their industries. While laying out how the CFO approaches, company culture, technology, data, and more, these interviews offered insight into how they got to where they are and how the...

By Adam Zaki • Dec. 28, 2022

The 6 A.M. CFO: Holiday 2022 Edition

The holidays are here and we hope you’re soaking this up by an open fire bathed in an aura of twinkling lights incensed by the smell of warm baked goods — you deserve it!  Yes, it’s time for all you CFOs to break out of your ambitious routines and sleep in (that’s past 6 a.m. for most of you), cu...

By Carolina starin • Dec. 27, 2022

A South African CFO’s Role in Shaping Corporate Culture

According to Gallup research for Glassdoor, 58% of American workers say company culture is more important than salary when it comes to job satisfaction.  It’s why Brett Tromp, the new CFO of healthcare technology startup Medici, proudly funds culture building within the organization. “In any orga...

By Sandra Beckwith • Dec. 22, 2022

CFO Turnover Rate Reaches a 5-Year High: Weekly Stat

With the labor market continuing to limp its way into the new year, economic issues are exacerbating a bigger issue in the C-suite. Adding inflation, pandemic recovery, and supply chain issues to the equation, turnover in the CFO space is at a new high. Recent findings by Datarails highlight that...

By Adam Zaki • Dec. 21, 2022

8 CFO Strategies to Communicate More Effectively

Are you an effective communicator? Would your CEO, board, cross-functional partners, and others agree?  CFOs, deservedly so or not, are often perceived as having poor communication skills. This reputation, considering the traditional CFO’s education, personality, and career assignments, is not su...

By Steve McNally • Dec. 20, 2022

Sustaining Employee Morale and Productivity When Finances Are Tight

As year-end approaches, employees across the United States anticipate two annual traditions: end-of-year (EOY) bonuses and performance reviews. But as major tech companies like Meta and Amazon conduct mass layoffs, freeze hiring, and tighten budgets in anticipation of a recession, the end of 2022...

By Scott Dussault • Dec. 16, 2022

The 6 a.m. CFO: How Community National Bank and Trust of Texas’ Steven Nutt Starts His Day

Welcome to The 6 a.m. CFO, where finance chiefs share how they jump-start their days and engage with the tasks in front of them.Today, Community National Bank and Trust of Texas CFO Steven S. Nutt shares his lifelong fandom of baseball, his methods for passing his financial literacy to the next g...

By CFO Editorial Staff • Dec. 15, 2022

South African CFO Finds Growth and Purpose in American Startup

“If you want to grow, you have to stretch yourself to do something different and learn new skills.” When Brett Tromp left his position as CFO of South Africa’s largest health insurance carrier to join his lifelong friend’s healthcare technology startup in the United States, he transitioned from o...

By Sandra Beckwith • Dec. 15, 2022

64% of Executives Say Labor Among Top Risks in 2023

Labor concerns are top-of-mind for executives globally heading into 2023. When asked to identify highest risk concerns next year, 64% of executives said the operational aspect of labor, such as the ability to attract and retain top talent, as their greatest concern, according to a recent survey, ...

By Adam Zaki • Dec. 14, 2022

4 Strategies for Retaining Accounting Talent

In November in CFO, executives at public accounting firms, staffing agencies, and corporate accounting chiefs articulated the reasons behind the precipitous decline in accountants. The consensus was that to draw more young people to accounting, and the profession needed rebranding.Indeed, rebrand...

By Russ Banham • Dec. 12, 2022

CFO Leadership: The Rise of Human-Centric Management

Variations in management styles have been around for as long as business has been done. The relationship between managers and their employees can have direct impacts on production, productivity, morale, and revenue. Experience, upbringing, education, or culture can determine the management styles...

By Adam Zaki • Dec. 9, 2022

CFOs On the Move: Week Ending December 9

  Jessica RossJessica Ross | FrontdoorHome service provider Frontdoor hired Jessica Ross as chief financial officer. She joins the company from Salesforce, where she is currently executive vice president of enterprise strategy and operational excellence. Before that, she was Salesforce's executiv...

By Lauren Muskett • Dec. 9, 2022

South African CFO’s Leap of Faith to Join Texas Health Care Startup

“If you want to grow, you have to stretch yourself to do something different and learn new skills.” Brett Tromp’s high school classmate had been trying to lure him to the United States for years.  The friend, Clinton Phillips, emigrated to the U.S. soon after college and quickly became a successf...

By Sandra Beckwith • Dec. 8, 2022

The Critical Importance of Roles in Career Equity

Many factors can impact employees’ ability to thrive in their roles at work. But one variable often overlooked is the nature of the role, itself. Some roles in an organization are simply better positioned than others to advance career prospects. And it turns out, women and people of color are les...

By Haig R. Nalbantian • Dec. 8, 2022

Small Businesses Have 5M Job Openings

One thing the Federal Reserve Board of Governors has made clear is that removing imbalances in the labor market is sine qua non for fighting inflation. So far, though, progress is barely detectable, especially among small businesses.The imbalance between the supply and demand of workers peaked la...

By Vincent Ryan • Dec. 7, 2022

5 Key CFO Takeaways From MIT Sloan CFO, Ascent Events

The year 2022 is drawing to a close, and CFO had one final opportunity to spend some time with finance executives across all different company sizes and industries. At the Ascent Conference and MIT Sloan CFO Summit, during the final week of November, the topics of conversation revolved technology...

By Adam Zaki • Dec. 6, 2022

CFOs On the Move: Week Ending December 2

  Andrew PageAndrew Page | Foot LockerFoot Locker CFO Andrew Page will transition out of his role following the retailer's fourth-quarter earnings report to pursue other opportunities. Page joined the company in April 2021 from Advance Auto Parts, where he was senior vice president, chief account...

By Lauren Muskett • Dec. 2, 2022

Workplace Trends for CFOs to Watch in 2023

The future of work is dynamic. One would need an entire book to describe the many forces affecting trends in the workplace now and in the years to come. Unfortunately, by the time that book made it to print, its contents would be out of date.  Jesse MeschukSo rapid are the forces of change, many ...

By Jesse Meschuk • Dec. 2, 2022

The 6 a.m. CFO: How PharmChem’s Shana Veale Starts Her Day

Welcome to The 6 a.m. CFO, where finance chiefs share how they jump-start their days and engage with the tasks in front of them.Today, PharmChem's CFO Shana Veale shares the many hats she wears as CFO, who keeps her company during her long hours in the office, and what time she starts her day. (H...

By CFO Editorial Staff • Dec. 1, 2022

People Impact Gap Costing Corporate America $1.8T Annually

The labor market is at the heart of North America’s current economic turmoil. Layoffs in the high-tech sector have become commonplace, and at the same time, wage growth continues and the unemployment rate remains historically low. For every executive team trying to navigate to their year-end fina...

By Ian Cook • Nov. 29, 2022

40% of Executives Say They’ll Quit in 2023: Weekly Stat

Executives across industries, particularly CFOs, are feeling pressure from the teetering of global economies. The pressure of navigating through a harsher economic environment is starting to hit the C-suite hard. A new study from the Workforce Institute at UKG on fixing work surveyed 600 U.S.-bas...

By Adam Zaki • Nov. 23, 2022

Disney CFO Christine McCarthy Lacked Confidence in Ousted CEO Bob Chapek

Walt Disney shocked investors twice in the past two weeks. On Nov. 8, the company announced a substantial loss in its underperforming streaming service. And on Nov. 20, the company announced CEO Bob Chapek had been replaced by former CEO, Bob Iger, who would be returning to the role less than thr...

By Andy Burt • Nov. 22, 2022

Expense-Cutting Triggers Office Space Decisions

Some companies have shrunk their real estate footprints to reflect a need for fewer or smaller offices. More employees working remotely sparked the early wave of that. But now, that’s not the only reason organizations are abandoning spaces. Macroeconomic forces, including inflation, have nudged r...

By Vincent Ryan • Nov. 19, 2022

CFO Leadership: How to Develop and Practice Empathy

Traditional definitions of empathy refer to it as the ability to “put yourself in another person’s shoes.” However, this is more of a sound byte and doesn’t illustrate empathy's valued nuances. For example, cognitive empathy is the ability to recognize and understand the emotion that someone else...

By Erik Kellener • Nov. 18, 2022