Finance executives should acknowledge when their teams make progress applying technology to improve their business processes, says the CFO of insurance company Unum.
Google Finance Head: Anything That Can Be Automated, We Strive to Automate
Alphabet Inc.’s Google is working to automate as many finance tasks as possible as it looks to reduce the amount of manual work that its employees have to do.
Companies May Speed Up Refinancing Plans as Higher Rates Loom
Companies looking to tap the debt markets will likely accelerate those plans after Federal Reserve minutes revealed that half-percentage point rises in interest rates might be in the offing to curb inflation.
CFOs Find It Harder to Land Board Seats as Companies Seek Change
Boards increasingly are looking for expertise on ESG, cyber and other issues. That means CFOs have to bring more than just their finance experience if they want a seat at the table.
CFOs Adopt Different Approaches to Profits Made in Russia
Finance chiefs at Western companies that continue to operate and sell products in Russia have to decide what to do with the profits generated from those businesses.
Lush CEO Expects Its Russian Business to Run Out of Stock, Wind Down
“No one’s going to buy it,” Lush CEO Mark Constantine says of the company’s minority stake in Russia. Instead, he expects the business to run out of inventory and wind down.
S&P Global Pays Severance to Russian Employees Being Let Go
Ratings company S&P Global Inc. is dismissing employees as it winds down its operations in Russia amid the country’s war with Ukraine, according to two people familiar with the matter.
Discovery Closes $30 Billion Bond Deal in Choppy Markets
Discovery Inc.’s finance chief in recent days faced the challenge of having to secure $30 billion in funding for its planned merger with AT&T Inc.’s media business in volatile markets and with a tight window.
Hedges Give Companies Temporary Relief From Surging Energy Prices
Companies that previously locked in energy prices are being shielded from surging gas, oil and electricity markets, but that protection will fade as hedges expire and the costs of new ones catch up with today’s higher energy prices.
CFOs Seek Higher Returns on Cash, but Banks May Be Slow to Raise Rates
Finance chiefs and treasurers expect to earn higher interest on cash piles parked at banks once interest rates go up, but banks, awash with trillions of dollars in deposits, might take their time before they pay commercial customers more.