Delta CFO Dan Janki is looking to reduce the airline’s debt and boost its margins. “One of his strengths is, he is a learner,” a former boss said about the industry outsider.
Inside Bed Bath & Beyond, Concerns Over Mounting Stress for CFO
Bed Bath & Beyond officials were concerned CFO Gustavo Arnal was overwhelmed by the demands being placed on him but didn’t want to change finance leaders during a liquidity crisis, people familiar with the matter said. Mr. Arnal was discussing taking a break before he died by suicide, the people said.
Grab Zeroes In on Costs as Super App Looks to Cut Losses
Grab Holdings Ltd. ’s finance chief is pruning the company’s spending as the ride-hailing and food-delivery app looks to cut its losses and get closer to break-even.
Bed Bath & Beyond Names Interim CFO After Death of Gustavo Arnal
Struggling home-goods retailer Bed Bath & Beyond Inc. on Tuesday named an interim executive to lead its finances, a move aimed at reassuring investors after the death of Chief Financial Officer Gustavo Arnal.
Zero-Based Budgeting Gains Clout as a Way for Companies to Find Savings
Many finance chiefs scouting for efficiencies are relying on zero-based budgeting, a tool that gained attention during the pandemic, to identify potential savings as they prepare for a possible economic downturn.
Bed Bath & Beyond Faces Leadership Gap After Executive’s Death
Bed Bath & Beyond has lost several executives who could temporarily step into the role after the death of its CFO. Still, the company is expected to move quickly to reassure investors by appointing an interim CFO.
Halliburton CFO Weighs on Debt, Capital Spending
“Put capital where it can return the most:” Halliburton CFO Eric Carre talks about how to generate higher capex-returns and manage high inflation.
Companies Look for Returns on Cash Piles as Interest Rates Rise
Money-market fund yields are going up as the Federal Reserve raises rates, incentivizing treasurers to move cash out of corporate bank accounts, which have been slow to adjust.
Central Banks’ Interest-Rate Moves Complicate Companies’ Hedging Strategies
Central banks’ diverging interest rate moves are complicating matters for companies looking to hedge their foreign-exchange risks, creating higher costs for some while benefiting others.
Aflac’s Income Is Mostly in Yen. Here Is How It Reduces Its Currency Risk.
Aflac Inc., a Columbus, Ga.-based insurer, generates about 70% of its income in Japan. With the yen at a two-decade low against the dollar, that could spell trouble, but the company’s hedging program helps protect it, its finance chief said.