The Wirecard scandal is leading to more exits, with the head of Germany’s accounting regulator stepping down and auditor Ernst & Young naming a new leadership team in the country.
GameStop CFO Was Forced Out as Activist Investor Pushes New Strategy
GameStop’s finance chief was forced out of his role as activist investor Ryan Cohen pushes for a digital transformation of the ailing videogame retailer, people familiar with the matter said.
GameStop CFO Resigns Weeks After Reddit-Fueled Stock-Market Frenzy
GameStop’s finance chief is leaving weeks after a social-media-led frenzy sent the company’s share price soaring, only for it to fall afterward.
Companies Put the Best Face on Covid-19’s Financial Impact
About a year into the pandemic, some companies continue to use accounting cosmetics to add gloss to their financial results.
CFOs on the Hunt for Acquisitions Face High Prices, Strong Competition
Finance chiefs in pursuit of mergers and acquisitions are facing high asking prices and strong competition from other dealmakers, leading some of them to seize the opportunity while others are holding off.
CFOs Hesitate to Invest in, Handle Bitcoin Due to Volatility
CFOs say the swings in the price of bitcoin could have negative effects on their balance sheets and question whether the practical uses of cryptocurrencies are worth the risk.
Eli Lilly Doesn’t Plan to Claw Back Past Pay From Former CFO
Eli Lilly & Co. said it won’t try to claw back past pay from newly departed finance chief Joshua Smiley, but moved to take away his 2020 bonus and other incentive compensation following years of rule tightening around executive conduct and recuperation of funds at the drugmaker.
Merck CFO Brings Corporate Strategy Experience to CEO Role
Tackling operational issues such as procurement and corporate strategy likely helped Merck’s Chief Financial Officer Robert Davis acquire the skills needed for his promotion to the top spot.
McCormick CFO Ramps Up Advertising Spend After Pandemic Sales Boost
McCormick’s finance chief is boosting the flavor company’s advertising spending to maintain growth in consumer sales as more people cook at home during the pandemic.
Salesforce CFO Hands Reins to Successor After More Than Six Years at Helm
Mark Hawkins is handing over the reins of Salesforce’s finance function after helping lead the technology company through a period of relentless growth while displaying that often rare combination of methodical focus and people skills.