Awash in deposits over the course of the pandemic, some banks are now encouraging their corporate clients to spend the cash on their businesses or move it elsewhere.
Shake Shack Names New CFO
Burger chain Shake Shack Inc. has hired former equity analyst Katherine Fogertey as its next finance chief following the departure of Tara Comonte, who left to serve as chief executive at another company.
CFOs of AT&T, Salesforce and Estée Lauder on Crisis Management
Chief financial officers at AT&T, Salesforce and Estée Lauder discuss how this past year of crisis management produced new ways to assure business continuity and the key insights CFOs can take away.
Frontier Communications Hires New CFO After Emerging From Chapter 11
Frontier Communications Parent Inc. has hired a new executive to take charge of its finances just weeks after the telecommunications company emerged from bankruptcy.
Coty CFO Looks to Boost Margins by Shrinking Product Portfolio
Coty Inc.’s finance chief Laurent Mercier is pruning the cosmetics company’s product portfolio, working to improve its forecasts and reducing inventory to increase profitability.
Less Is More, Retail CFOs Find as They Plot Post-Pandemic Strategy
Finance chiefs at apparel retailers are working to reduce inventory levels, lower rent payments and rely less on promotions in an effort to increase profitability.
German Auditors Fear New Law Would Bolster Big Four Firms
Some German auditors fear new legislation aimed at increasing audit quality would hurt competition and help the Big Four firms—Deloitte, Ernst & Young KPMG and PricewaterhouseCoopers—gain further market share.
Racially Diverse CFOs Are in High Demand, but Challenges Persist
More Black, Asian and Latino executives are getting to pick and choose their finance jobs, as companies look to boost diversity in their leadership teams amid heightened public awareness about racial inequality in the U.S.
Delta Air Lines Taps GE Executive as Finance Chief
Delta Air Lines recruited a General Electric executive to lead its finances following the departure of its longtime finance chief last year.
Former ICE CFO Looks Back on Dozens of Deals Made During His Tenure
Scott Hill helped lead dozens of acquisitions during his more than 14 years as finance chief of ICE. I spoke to him about the changing role of the CFO, integrating targets and the impact of Covid-19 on the mortgage market.