Employers Project 5.6% Jump in Health Benefit Costs

With inflation eating wage gains, most workers would rather not see more money drained from their paychecks to cover healthcare insurance. At the same time, healthcare plans are the most expensive part of benefits packages.For 2023, CFOs face another challenging year in balancing cost containment...

By Vincent Ryan • Aug. 12, 2022

The 6 a.m. CFO: How Vacasa’s Jamie Cohen Starts Her Day

Welcome to the 6.a.m CFO, where CFOs share how they jump start their days and engage with the tasks that are in front of them. In this series, CFOs share when they start their mornings, begin their workday, and, of course, their caffeine of choice. They also share best practices on how they struc...

By CFO Editorial Staff • Aug. 11, 2022

Hunt for Productivity: Labor Costs Up 10.8% While Output Falls 4.6%

When an organization spends generously to retain employees and hire new ones, it likes to see employee productivity increase. But that's not happening in the U.S. economy. In fact, labor productivity is falling, even as workers get paid more, according to data released Tuesday by the U.S. Labor D...

By Vincent Ryan • Aug. 10, 2022

CFOs On the Move: Week Ending August 5

  Blake JorgensenBlake Jorgensen | PayPal PayPal appointed Blake Jorgensen as finance chief. Jorgensen most recently worked at video game maker Electronic Arts, joining in 2012. During his time at the company, he held several roles, including CFO and chief operating officer. He has previously hel...

By Lauren Muskett • Aug. 5, 2022

Naming An Interim CFO Has Its Benefits

The appointment of an interim CFO is often seen as a sign of poor succession planning: the organization got caught flat-footed by the prior chief financial officer’s vacating the top finance job, for whatever reason. That may be the case at times, but doesn’t mean appointing an interim CFO should...

By Vincent Ryan • Aug. 5, 2022

CFOs On the Move: Week Ending July 29

  Susan LiSusan Li | MetaMeta, Facebook and Instagram's parent company, promoted Susan Li to CFO. Li is currently vice president of finance of the social media company and will take over as finance chief on November 1. Li replaces David Wehner, who will take on a new role as the company’s first c...

By Lauren Muskett • July 29, 2022

The 6 a.m. CFO: How MSH’s Landon Cortenbach Starts His Day

Cortenbach shares how he begins his day with meditation, the Robert Frost quote that inspires him, and one thing you wouldn’t know about him from his business bio.

By CFO Editorial Staff • July 28, 2022

To Stem Turnover, Employers Favor Higher Salaries and Remote Work

What are businesses doing to retain finance and accounting staff and make job offers more appealing to candidates when they have open positions?Both can be a challenge. In the spring CFO Survey from Duke University and the Richmond Federal Reserve Bank, three-quarters of CFOs responding said the ...

By Vincent Ryan • July 27, 2022

CFOs On the Move: Week Ending July 22

  John MurphyJohn Murphy | The Coca-Cola CompanyJohn Murphy, CFO and executive vice president of the Coca-Cola Company, will take on the additional role of president. Murphy began his career at the beverage company in 1988 as an international internal auditor and has held a variety of general man...

By Lauren Muskett • July 22, 2022

CFO to CEO: Lean Into the Unfamiliar

CFOs’ unique vantage point into the business often positions them as viable CEO successors. And, in fact, roughly one in 10 new S&P 500 CEOs comes from the chief financial officer role. Yet, despite these advantages, promoted CFOs face the toughest odds to outperform as CEOs. As part of Spenc...

By Claudius A. Hildebrand, Jenna Bayard, and Joel von Ranson • July 22, 2022

Fewer Than 1 of 4 Workers’ Recognition Needs Fulfilled: Weekly Stat

The future of work, according to a report by Gallup and Workhuman, a cloud-based employee-management platform, is showing employees they are valued."Employees bring their wellbeing, or lack thereof, to work with them every day," according to the report. "It shows up in their productivity levels, ...

By Vincent Ryan • July 20, 2022

CFO Communication Skills: ‘Invest in Empathy’

Early in Emily Sander’s career, she attended a leadership meeting that included an acronym-intense presentation by the company’s CFO.  “I noticed the person next to me furiously Googling MRR and other terms,” says Sander, a leadership coach and founder of Next Level Coaching.    Emily Sander “I...

By Sandra Beckwith • July 15, 2022

CFOs On the Move: Week Ending July 15

  Christine ChambersChristine Chambers | PetMed ExpressChristine Chambers will take over as finance chief of PetMed Express on August 3. Chambers joins the online pet pharmacy from digital media company RealNetworks, where she has been chief financial officer since March 2021. Before that, she wa...

By Lauren Muskett • July 15, 2022

The Financial Upside of Employee Recognition

Across the U.S., employers are struggling with soaring turnover rates. According to new figures from Gartner, 37.4 million people will voluntarily quit their jobs this year, a quite staggering 20% increase on pre-pandemic levels. The pernicious effects of employees leaving permeate throughout an ...

By Scott Dussault • July 14, 2022

CFOs On the Move: Week Ending July 8

  Dermot McDonoghDermot McDonogh | BNY MellonDermot McDonogh was named chief financial officer of BNY Mellon, effective February 1, 2023. McDonogh joins the bank from Goldman Sachs, where he was most recently chief operating officer for EMEA and CEO of Goldman Sachs International Bank. He joined ...

By Lauren Muskett • July 8, 2022

What Do CEOs Want From Their CFOs?

In 1986 Top Gun was released in theaters. Between the time of its release and its sequel 36 years later, the checklist required by CEOs from their financial wingman or wingwoman has not changed that much. As a CEO, I often talk to others in the same position from different generations. I find the...

By Didi Gurfinkel • July 8, 2022

CFOs On the Move: Week Ending July 1

  Ian BordenIan Borden | McDonald'sIan Borden was promoted to chief financial officer of McDonald's, effective September 1. Borden, who is currently president of international, joined the fast-food chain in 1994. He has held several roles during his tenure, including CFO for Asia-Pacific, Middle ...

By Lauren Muskett • July 1, 2022

CFOs On the Move: Week Ending June 24

  Jennifer BiryJennifer Biry | McAfeeMcAfee appointed Jennifer Biry as finance chief. Biry joins the security software company from media company WarnerMedia, where she was named CFO in December 2020. Biry was previously chief financial officer for three of AT&T’s largest business units, AT&a...

By Lauren Muskett • June 24, 2022

Health Care Benefits: CFOs Have More Options Than They Think

CFOs are used to seeing the cost of health care benefits for their organization go up each year, typically by a double-digit percentage. If they're lucky, the increase stays in the high single digits.Employers typically absorb these increases and compensate by sometimes decreasing the quality of ...

By Erik Wallace • June 23, 2022

A 10-Step Playbook for New PE-Backed CFOs

For the first 100 days to be a success, the plan must focus on measuring, managing, and scaling.

By Hal Polley and Barclay Stanton • June 22, 2022

CFOs On the Move: Week Ending June 17

  Sam SamadSam Samad | Quest Diagnostics Quest Diagnostics named Sam Samad as CFO, effective July 11. Samad joins the diagnostic information services from gene-sequencing company Illumina, where he has been chief financial officer since 2017. Before that, he held several senior leadership positio...

By Lauren Muskett • June 17, 2022

CFOs On the Move: Week Ending June 10

  Liz CoddingtonLiz Coddington | PelotonPeloton appointed Liz Coddington as its new CFO, effective June 13. Coddington most recently was vice president of finance for Amazon Web Services. Before that, she held senior leadership roles at B2B and consumer-facing companies, including as CFO of Adara...

By Lauren Muskett • June 10, 2022

5 Habits of Top CFOs

Download our whitepaper to discover the technical and behavioral skills needed to lead your business forward.

By CFO Editorial Staff • June 7, 2022

7 Core Skills of Great CFOs

As COVID-19 has shifted from a pandemic to an endemic, CFOs are also transitioning — from a reacting-to-crisis mode to one that is strategic and more forward-looking. Finance chiefs are still dealing with COVID-era challenges that include remote workforces, persistent inflation, supply chain snar...

By Sandra Beckwith • June 6, 2022

CFOs On the Move: Week Ending June 3

  Raj KalathurRaj Kalathur | DeereRaj Kalathur was named chief financial officer of agriculture equipment maker Deere. Kalathur was most recently president of John Deere Financial and chief information officer. He will retain his role for John Deere Financial and have continued oversight of infor...

By Lauren Muskett • June 3, 2022