Financial News and Analysis | CFO Dive
The long-time CFO will step in to lead Huawei’s board as the telecom firm looks to supplant Nvidia as the premier AI chip provider in China. CFO Dive provides in-depth journalism and insight into the most impactful news and trends shaping the finance industry.
Default rate will rise this year, Moody’s says - CFO Dive
Feb 15, 2022 · Dive Brief: T he default rate for speculative-grade corporate debt will gradually rise to 2.4% by the end of 2022 from 1.7% at the end of last year, remaining well below the 4.1% long-term average as companies navigate monetary policy tightening in many countries, according to Moody’s Investors Service. “The default outlook for 2022 will continue to depend on the pace of economic growth ...
Former Google Cloud CFO heads to Stripe | CFO Dive - Payments …
Aug 3, 2023 · Tomlinson, who currently serves as CFO of software provider Confluent, is headed to Stripe with two decades of corporate finance experience at startups and Fortune 25 companies across the technology landscape — from cloud computing to security and networking, according to a press release. Besides Confluent, he has also worked for Google.
ESG goals versus action gap emerges: survey | CFO Dive
Oct 28, 2022 · Despite the increasing push for companies to adopt environmental, social and corporate governance (ESG) goals, there remains a gap between companies’ stated ESG and sustainability plans and their ability to execute, a recent survey of CFOs, Chief Investment Officers (CIOs) and accountancy leaders found. One in five, or 19% of financial ...
Inflation pushes CFO digital investments | CFO Dive
Oct 10, 2022 · Inflation and other macroeconomic factors have pushed digital transformation to the top of CFOs’ priority list, a recent study found. The 2022 Global CFO survey — conducted by Everest Group and supported by business process management company WNS Holdings Limited — found today’s CFOs are identifying digital as a key priority.
CFO base pay raises outpace CEOs’ | CFO Dive
Mar 9, 2023 · CFO salary increases edged out CEO increases in 2022, with CFOs on average seeing an increase in base salary of 5.5% while CEOs’ pay increased by 4.4%, according to a recent report by Compensation Advisory Partners. Most (80%) of both CFOs and CEOs saw increases in base salary, the report from the compensation consulting firm found.
SVB could be biggest story for CFOs since COVID-19
Mar 13, 2023 · The collapse of Silicon Valley Bank Friday rattled markets and sent finance leaders at both private and public companies scrambling to assess their exposure to the developing banking turmoil over the weekend. “It’s probably the biggest business story for CFOs since COVID,” said Jack McCullough, president and founder of the CFO Leadership ...
Manufacturers plan to boost wages at record 3.5% rate
Sep 13, 2021 · Manufacturers during the next 12 months plan to increase wages and full-time employment by 3.5% and 3.8%, respectively — record rates in quarterly surveys dating to 1997, according to the National Association of Manufacturers. They expect to push up capital spending by 3.6%, the highest increase since 2018.
PwC beefs up consulting with latest tech deal | CFO Dive
Nov 8, 2022 · Accounting and consulting giant PricewaterhouseCoopers has agreed to acquire data-focused consulting firm Sagence, the fourth tech acquisition in 18 months for the company as it grows its consulting-services business. Chicago-based Sagence will become part of PwC’s analytics insights business, which helps companies develop data and analytics ...
AICPA seeks to ease talent ‘crunch’ - CFO Dive
Nov 21, 2022 · Attendance at four year colleges has declined, with enrollment last spring slumping 4.1% compared with spring 2021, Yahoo Finance reported. Also, fewer people graduating with accounting degrees, according the AICPA. “There is a talent pipeline crunch, a need for new skill sets driven by technological changes and understanding of the ...