Strategy & Operations
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HP taps former JP Morgan executive as CFO
The transition comes as the tech giant is focused on recovering from sagging sales after heightened demand during the COVID-19 pandemic.
By Alexei Alexis • June 26, 2024 -
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Trump’s 10% tariff would annually harm households by at least $1,700: AAF
Damage from a sweeping tariff would spread beyond the U.S., “threatening key relationships with allies and inviting a global trade war,” AAF said.
By Jim Tyson • June 26, 2024 -
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TrendlineDigital transformation, one smart step at a time
By taking an incremental approach, CFOs can move their finance and accounting operations onto an automated, intelligent platform without letting disruption distract from their efforts to scale.
By Cneche staff -
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Consumer confidence falls amid sagging income, business expectations
“Signs of strain continue to emerge among consumers with low-to-moderate incomes,” Federal Reserve Governor Lisa Cook said Tuesday.
By Jim Tyson • June 25, 2024 -
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OpinionHarnessing GenAI in corporate finance: Lessons from Microsoft
Finance teams deploying the technology need a "trust, but verify" approach to outputs, among other best practices, a pair of Microsoft executives write.
By Georg Glantschnig and Cory Hrncirik • June 25, 2024 -
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Role clarity is key to fractional CFO pay
Contract finance executives must understand the services they truly offer in order to charge — and be paid — what they’re worth, Joe Woodard said Sunday at his firm’s accounting tech conference.
By Chris Gaetano • June 21, 2024 -
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OpinionMind the trust gap: Why C-suite humility matters in the AI era
If executives engage in the big issues of today without acknowledging there can be a diverse set of explanations, they risk losing stakeholder trust, PwC’s Wes Bricker writes.
By Wes Bricker • June 21, 2024 -
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76% of large automating firms plan to swap workers with AI: CFO survey
Automation ranks as a high or moderate priority for about 65% of companies, both large and small, Duke University’s Fuqua School of Business found.
By Alexei Alexis • June 20, 2024 -
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Homebuilding sags to four-year low, stifled by higher-for-longer rates
Mortgage activity last month slumped 8.5% compared with April and 7.3% compared with May 2023, Freddie Mac said Thursday.
By Jim Tyson • June 20, 2024 -
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Slim gain in retail sales highlights challenges for consumers
“Inflation and higher interest rates are straining low- and moderate-income households,” St. Louis Fed President Alberto Musalem said Tuesday.
By Jim Tyson • June 18, 2024 -
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Startup focused on AI-driven cyber threats raises $18M
The announcement comes as artificial intelligence adoption explodes and enterprises grapple with related risks.
By Alexei Alexis • June 18, 2024 -
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Tech layoffs impact nearly 100,000 workers so far in 2024
Microsoft, Google, Apple, Tesla and TikTok owner ByteDance are among more than 300 tech companies that have announced job cuts since January.
By Alexei Alexis • June 18, 2024 -
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IRS aims to end ‘shell game’ by partnerships, targets $50B extra in taxes
Tax dodging by complex partnerships “has been overlooked for more than a decade,” IRS Commissioner Daniel Werfel said Monday.
By Jim Tyson • June 17, 2024 -
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EY’s $1B pledge targets 10% raise in starting CPA-track pay
The Big Four firm’s new initiative is tackling one of the most cited causes of the shrinking accounting talent pipeline: comparatively low starting salaries.
By Maura Webber Sadovi • June 17, 2024 -
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McDonald’s ends automated drive-thru pilot
The fast food chain still sees a future for automated order taking at the drive-thru and expects to make a decision about the tech by year’s end.
By Aneurin Canham-Clyne • June 17, 2024 -
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28% of big companies have no formal CFO succession plan, finance chiefs say
The dearth of succession plans for departing finance chiefs comes as CFO turnover at public companies has soared this year.
By Maura Webber Sadovi • June 14, 2024 -
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In-house counsel compensation rose 4%, in line with inflation
Median compensation for in-house counsel rose modestly this year as the incidence of signing bonuses declined.
By Justin Bachman • June 14, 2024 -
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In interim CFO pick, Tyson draws on established finance creds
The beleaguered chicken processor is leaning on a company veteran with nearly two decades of finance experience as interim CFO following John R. Tyson’s suspension.
By Grace Noto • June 14, 2024 -
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Microsoft president promises significant culture changes geared towards security
Brad Smith detailed plans to tie compensation to security, as lawmakers raised new questions about the company’s commitment to transparency.
By David Jones • June 14, 2024 -
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40% of executives brace for ‘major’ reorganization, including layoffs: PwC
Companies are reorganizing to fight margin pressure and planning moves that might require wide-ranging operating model changes, executives said.
By Suman Bhattacharyya • June 12, 2024 -
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Fed trims 2024 rate forecast to one cut, holds borrowing costs steady
The Fed decision followed a report that inflation last month rose less than economists predicted and at the slowest pace since 2021.
By Jim Tyson • June 12, 2024 -
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Wells, PNC CFOs see office spaces leading CRE stress
“Older office buildings that are not renovated in certain areas of different cities are the places that you’re seeing the most stress,” Wells Fargo CFO Mike Santomassimo said Tuesday.
By Caitlin Mullen • June 12, 2024 -
Courtesy of JLL
Office fit-out cost growth downshifts to 2.7%: JLL
While U.S. and Canadian workers are typically in the office just 3.1 days a week, employers are still spending more when building new space.
By Maura Webber Sadovi • June 11, 2024 -
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Small business uncertainty rises as Fed mulls ‘higher-for-longer’ rates
Fed officials in a meeting Wednesday will likely downgrade from three to two their median projection for the number of quarter-point cuts in the federal funds rate this year, according to futures traders and economists.
By Jim Tyson • June 11, 2024 -
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IBM’s Apptio unit tests AI tool trained to tackle rising IT costs
The effort comes as many finance leaders are grappling with out-of-control cloud expenses.
By Alexei Alexis • June 11, 2024 -
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Few companies report solid EBIT gains from rush into GenAI: McKinsey
Seven out of 10 companies that use generative AI most effectively said they faced challenges in governing and integrating data, McKinsey said.
By Jim Tyson • June 10, 2024
