The Growing Accountant Shortage: How CFOs Can Attract Talent

It’s time to re-brand the accounting profession. That’s the advice of public accounting firms, staffing agencies, and corporate accounting chiefs in response to a shortage of accountants caused by voluntary job resignations, the retirement of Baby Boomer accountants, and perceptions among young p...

By Russ Banham • Nov. 4, 2022

The 6 a.m. CFO: How JonnyPops’ Connor Wray 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 that are in front of them.Today, JonnyPops' CFO Connor Wray shares tips on how he keeps an even keel under pressure despite being fuelled by caffeine, how he's always up for a foosball c...

By CFO Editorial Staff • Nov. 3, 2022

CFOs On the Move: Week Ending October 28

  Georges Elhedery Georges Elhedery | HSBCGeorges Elhedery was promoted to finance chief of HSBC. Elhedery joined HSBC in 2005 as a senior global markets executive and was most recently co-head of global banking and markets. Elhedery replaces Ewen Stevenson, who will step down at the end of Decem...

By Lauren Muskett • Oct. 28, 2022

3 Steps to Build a Better CFO-CMO Relationship

A century after merchandiser and advertising expert John Wanamaker’s 1922 passing, modern technology would have provided clarity to the adage attributed to him: “Half the money I spend on advertising is wasted; the trouble is I don’t know which half.”Chances are that his CFO would have appreciate...

By Fred Ehle • Oct. 27, 2022

CFOs On the Move: Week Ending October 21

  Anne BrammanAnne Bramman | Nordstrom Nordstrom chief financial officer Anne Bramman will leave the company on December 2. She was named CFO of the retailer in 2017 and has previously held CFO positions at Avery Dennison, Carnival Cruise Line, and Henri Bendel. Michael Maher, Nordstrom's senior ...

By Lauren Muskett • Oct. 21, 2022

5 Ways to Improve Pay Equity

Employees, shareholders, and many other stakeholders are beginning to see pay equity as a fundamental expectation among public and private companies, and for good reason. A more equitable pay practice drives better attraction and retention of talent, a more diverse culture, and through that, bett...

By Jesse Meschuk • Oct. 21, 2022

The 6 a.m. CFO: How CFO Centre’s Benjamin Joseph 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 that are in front of them.Today, CFO Centre's Benjamin Joseph shares his advice on his passion for the true peaks in life, his favorite music to work to, and his connection to infinity. ...

By CFO Editorial Staff • Oct. 20, 2022

Health Care Cost Increase Projected to Slow to 6.5% in 2023

As health care costs are projected to rise in 2023 worldwide, according to the Willis Towers Watson's 2023 Medical Trends survey, North America is the lone region that is projected to a smaller increase  in health care costs in 2023.While inflation and increased healthcare utilization will cause ...

By Adam Zaki • Oct. 19, 2022

Beyond Meat’s New CFO, Executive Shakeup a Move to Repair Reputation and Finances

 After seeing its stock price fall 88% in just over a year, Beyond Meat has juggled both financial and public relations challenges, as the plant-based “meat” company is in the midst of an overhaul in leadership. These changes are likely spurred in part by both public embarrassments as well as fin...

By Adam Zaki • Oct. 17, 2022

CFOs On the Move: Week Ending October 14

  Carl AndersonCarl Anderson | XPO LogisticsXPO Logistics named Carl Anderson as CFO ahead of the transportation and logistics service provider’s spinoff of its brokerage business later this year. Anderson was previously chief financial officer of auto parts supplier Meritor. His 25-year career i...

By Lauren Muskett • Oct. 14, 2022

The CFO’s Role in Leadership Development

As we find ourselves in a period of economic uncertainty, CFOs are tackling tough challenges and difficult decisions. While learnings from the past two years offer some clues, the scale and scope of the current challenges call for a fresh look at the factors that will yield results on business go...

By Michael Pickrum • Oct. 14, 2022

It’s All About Work-Life Balance: CFO Kevin Bueso

Whether it is volunteering with local organizations, teaching English as a second language computer classes, donating his time to assist school districts with budgeting decisions, or raising his children, McHenry County (Illinois) CFO Kevin Bueso has the ultimate work-life balance. When speaking ...

By Adam Zaki • Oct. 13, 2022

CFOs On the Move: Week Ending October 7

Kim JonesKim Jones | Spanx Womenswear brand Spanx promoted its president and CFO, Kim Jones, to chief executive officer. Jones has a 15-year tenure with the company and was named CFO in 2016. Before Spanx, she was the CEO of Sweetwater Brewing, and, earlier in her career, she held finance positio...

By Lauren Muskett • Oct. 7, 2022

CFOs Balance Benefits of Wellness Options While Maintaining Employees’ ‘Value of Choice’

For businesses of all sizes and industries, managing employees can be difficult. In today's historically tight labor market, with employees empowered to desire more than just a paycheck, companies have begun to offer different incentives to lure potential candidates as well as retain top talent.W...

By Adam Zaki • Oct. 7, 2022

62% of Companies Gave CFOs Salary Increases

More CFOs received salary raises in 2021 as well as larger bonuses and long-term incentive payouts, according to the most recent Compensation Advisory Partners (CAP) Pay Trends report. The study, summarizing 2021 compensation actions among 130 companies with median revenue of $14 billion, showed ...

By Adam Zaki • Oct. 7, 2022

Too-Strong Jobs Report Will Keep Fed On Course

While employers adding almost as many workers to their payrolls as expected is usually good news, on Friday it spooked the stock markets. The Bureau of Labor Statistics (BLS) reported U.S. nonfarm payrolls added 263,000 jobs last month, below expectations for 275,000, and down from August's addit...

By Vincent Ryan • Oct. 7, 2022

The 6 a.m. CFO: How Sandline Global’s CFO Glenn Hopper 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 that are in front of them.Today, Sandline Global CFO Glenn Hopper shares his love of lifelong learning — made apparent by his many careers and hobbies, how he manages a global workforce,...

By CFO Editorial Staff • Oct. 6, 2022

U.S. Job Openings Fall by 1.1M, a 10% Drop From July

The number of job openings in the United States fell to about 10.1 million on the last business day of August, from 11.2 million the previous month, according to data released by the U.S. Bureau of Labor Statistics (BLS) on Tuesday. A 10% drop, the August number was the largest decrease in open j...

By Vincent Ryan • Oct. 5, 2022

Experience and Hustle Can Be the Keys to the C-Suite

As the makeup of C-suites continues to change, the opportunity to get there has become more realistic to a larger portion of people with business and finance careers. While hustle, hard work, and a little luck can pay major dividends, those who have made it to the ranks of executives at their com...

By Adam Zaki • Sept. 30, 2022

CFOs On the Move: Week Ending September 30

  John R. TysonJohn R. Tyson | Tyson FoodsTyson Foods promoted John R. Tyson, son of Tyson Foods chairman John H. Tyson, to chief financial officer, effective Oct. 2. Tyson joined the company in 2019 and has been executive vice president of strategy and chief sustainability officer since October ...

By Lauren Muskett • Sept. 30, 2022

5 Tips to Help CFOs Become Better Negotiators

Ravi Narula recalls a particularly frustrating situation several years ago when closing a deal with a company in another country. The two parties had negotiated all terms. With no remaining questions or open items, they submitted the contract for legal review.  Ravi Narula, CFO of FinancialForce...

By Sandra Beckwith • Sept. 29, 2022

62% of Companies Are Planning to Disclose Pay Rate Information

Sixty-two percent of companies that lack salary disclosure policies intend to institute some form of it, without any push or guidance from local governments, a recent WTW survey found. Data points, including starting salaries and salary ranges for candidates and employees, are all up for consider...

By Adam Zaki • Sept. 23, 2022

CFOs On the Move: Week Ending September 23

  Julie BrownJulie Brown | BurberryBritish luxury retailer Burberry’s finance chief Julie Brown will step down on April 1, 2023. Brown is leaving Burberry after six years for a new position outside of the luxury industry. The process to identify her successor is underway. Brown joined the company...

By Lauren Muskett • Sept. 23, 2022

The 6 a.m. CFO: How Media Place Partners’ Jason Balk 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 that are in front of them. Today, Media Place Partners (MPP) CFO Jason Balk shares his casual morning routine, why he skips breakfast, and his love for 90s grunge rock.   Jason BalkMPP, ...

By CFO Editorial Staff • Sept. 22, 2022

85% of Companies Still Actively Hiring Despite Recession Fears: Weekly Stat

While CFOs are tightening budgets in preparation for a likely economic downturn, their counterparts in human resources are still focused on putting the best quality employees in an ideal work environment, according to a recent survey from Challenger, Gray & Christmas.  With talent acquisition...

By Adam Zaki • Sept. 21, 2022