Finance chiefs are boosting salaries and recruitment spending, offering more in the way of perks and expanding their equity plans as they joust to attract—and retain—workers.
GM CFO Plans Long-Term as Car Maker Works to Transform Its Business
General Motors Co.’s finance chief is working to build out the company’s forecasting and planning capabilities to help the car maker achieve its long-term goals and better explain its business transformation to investors.
Lordstown Motors Recruits Adam Kroll as Financial Chief
Lordstown Motors Corp. has hired a new finance chief, a move that comes as the electric-truck startup works to evaluate new financing options and bring its first pickup to market.
Stripe Finance Chief Helps Steer Payment Processor’s Growth
A year into her role as finance chief of Stripe Inc., Dhivya Suryadevara is working to build out the payment processor’s finance team, strengthen its reporting capabilities and invest in its business, leaning on some of the insights she gained during her years at General Motors Co.
Covestro CFO Targets Higher Profit Margins After Reorganizing Business
Covestro AG’s finance chief is working to boost the specialty chemicals maker’s margins, review its performance metrics and offset higher raw material and energy costs.
Some CFOs Say Higher Corporate Taxes Could Lead to Lower Investments
Companies are preparing for another round of corporate-tax increases under a new administration, reframing their forecasting models to account for the impact of higher taxes on cash flows, spending and their overseas businesses.
Retailers Navigate Freight Costs, Scarce Inventory and Uncertain Future
Finance executives in the retail industry continue to face a multitude of challenges as they plan for the fall and the holiday season despite being generally optimistic on their companies’ earnings outlook.
Cisco Introduces New Metrics to Showcase Shift Toward Software
Network equipment maker Cisco Systems Inc. plans to introduce new financial metrics and overhaul its reporting segments to showcase the growth of its software business.
Stock Buybacks Beat Capital Spending for Many Big Companies
Some finance chiefs say they have plenty of money to invest in their businesses, but shortages in the equipment and people needed for new projects are limiting how much they can take on, leaving a lot of excess cash for buying back stock.
Big Banks Often Look Inside When Hiring CFOs
Large U.S. banks typically choose a company veteran when they hire a chief financial officer, a pattern highlighted Friday when Bank of America Corp. named a new CFO.