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CFO Dive
Online Audio and Video Media
Washington, District of Columbia 7,613 followers
We provide business journalism and in-depth insight into the most impactful news and trends shaping finance
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CFO Dive provides in-depth journalism and insight into the most impactful news and trends shaping finance. The daily email newsletter and website cover topics such as strategy, operations, budget and cost analysis, forecasting and planning, compliance and more. CFO Dive is a leading industry publication operated by Industry Dive. Our business journalists spark ideas and shape agendas for 13+ million decision-makers in the most competitive industries.
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https://www.cfodive.com/
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- Online Audio and Video Media
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- 201-500 employees
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Updates
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OPINION: U.S. CFOs are facing looming challenges in tax policy including the impact of the upcoming presidential election, expiring provisions from the 2017 Tax Cuts and Jobs Act and the country's non-alignment with the global minimum tax. In the face of such changes, companies and their finance chiefs need to be vigilant and proactive in planning for the impending “tax trifecta," Rema Serafi, vice chair of tax at Big Four accounting firm KPMG writes. https://lnkd.in/eFty4436 #taxpolicy #taxcutsandjobsact #electionimpact
Finance leaders need to move quickly to prep for the ‘tax trifecta’
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Ex-Trump Organization CFO Allen Weisselberg was released from his second stint in jail Friday after serving a sentence related to felony perjury charges. The former CFO began his second prison term in April just as former President Trump's hush money trial was getting underway in New York. In March, Weisselberg pled guilty to two counts of perjury related to testimony given in the ex-president's $464 million civil fraud trial. #legalissues #finesandpenalties #taxfraud #perjury https://lnkd.in/eS7negxj
Ex-Trump CFO Weisselberg released from second jail stint
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The launch of ChatGPT represented a "surge moment" for generative AI, putting pressure on CFOs and other members of the C-suite amid rising expectations for AI-enabled efficiencies and customer service. As a result, finance chiefs attempting to gauge the ROI from AI investments trying to map fuzzy terrain. In his latest Deep Dive, Jim Tyson speaks with experts including Daniel Rock, co-founder of AI consultancy Workhelix, EY-Parthenon Chief Economist Gregory Daco, and Glenn Hopper, CFO at Eventus Advisory Group, LLC, to discuss the changing AI ROI landscape. #generativeai #ROI #investments #digitaltransformation https://lnkd.in/edAm3XH4
‘Surge Moment’: Generative AI upends time-tested measurements of ROI
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The Financial Accounting Standards Board is drawing close to finalizing a proposed update to accounting standards that will affect how companies account for certain convertible debt — and address concerns about the rules raised about current standards by the Big Four accounting firms. The update affirmed by the U.S. accounting standards setter Wednesday was aimed at providing clarity as to whether companies should account for settlements of certain convertible debt instruments as so-called induced conversions or extinguishments and at giving guidance for debt with cash-conversion features. #debt #bonds #accounting https://lnkd.in/g8-yFmQq
FASB answers Big Four convertible debt ask
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QXO's newly-minted CFO, Ihsan Essaid, will receive a compensation package including an annual base salary initially beginning at $900,000, set to increase — but not decrease — each calendar year depending on the company’s annualized revenue run rate, according to a Thursday securities filing. Essaid, a “heavy hitter” in the M&A world as described by CEO Brad Jacobs, will also receive a target annual bonus initially set at 125% of his base salary. His compensation package also includes a $3 million signing bonus “in recognition of a portion of incentives that he forfeited from his prior employer,” according to the filing. #CFO #compensation #bonus https://lnkd.in/gYCErbHU
Incoming QXO CFO’s comp package includes $3M signing bonus
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Support for “say-on-pay” proxy proposals among Standard & Poor’s 500 companies rose to 90% this year from 87% in 2022 even though one out of five investors raised concerns that performance stock unit awards lack rigor, are too complex or disregard underperformance, EY said. Fifteen percent of investors said one-time special awards outside the normal pay plan are “red flags” that call out for scrutiny, while 17% plan to focus more on exploring whether pay is excessive for even the highest performing CEOs, EY said in a review of the 2024 proxy season. #say-on-pay #proxy https://lnkd.in/gkNwkK8n
‘Say-on-pay’ proxy support rises despite concerns about PSUs: EY
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Global merger and acquisition activity is picking up at a modest pace so far this year, as dealmakers remain cautious despite improving macroeconomic conditions, according to Boston Consulting Group (BCG). The global value of M&A activity in the first half of 2024 was $1 trillion, up 4% compared with the year-earlier period but below the 10-year average of $1.5 trillion, according to a recent BCG report. “There’s been slow improvement, but we’re not totally out of the woods,” Daniel Friedman, global leader of BCG’s transactions and integrations practice and one of the report’s authors, said in an interview. #M&A #rates #PE https://lnkd.in/gXeBBGnf
High interest rates dampen hopes for robust M&A recovery
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When the Securities and Exchange Commission passed its long-awaited climate-risk disclosure rule in March, Corpay’s Chief Accounting Officer Alissa Vickery took notice. Even as the rule has since been stayed by the court, the SEC vote put forthcoming environmental social and governance regulations back on the list of topics the Atlanta-based payments company needs to address, she recently told CFO Dive. “That was the initial catalyst,” Vickery said in an interview in which she also described how the payments company has since March doubled down on mapping a path forward toward a future in which it will collect and report audit-grade environmental data. “I’m kind of grateful for [the SEC decision] because it was quite difficult to try and make a decision on something that didn’t really exist.” #accounting #climate #disclosures https://lnkd.in/de4_wnRr
SEC rule jumpstarts Corpay CAO’s ESG push
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U.S. companies plan to raise salaries 3.9% next year, pulling back from a median increase of 4.1% this year as resignations and employee turnover subside, WTW found in a survey. The current decline in demand for labor “stems from the slower growth we are experiencing in the U.S. — the supply of labor actually remains the same, meaning we are still experiencing worker shortage and weaker labor force participation,” Lori Wisper, a WTW managing director, said Tuesday in an email response to questions. #wages #raises #salaries https://lnkd.in/dZaD69qn
CFOs plan to raise salaries 3.9% in 2025: WTW
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