Companies are ramping up their financial forecasting and planning to prepare for potential changes to the U.S. tax code under the incoming Biden administration, which are more likely after Georgia’s runoff elections handed Democrats control of the Senate.
Zoom CFO Opts for Equity Raise Instead of Debt Sale to Keep Options Open
Zoom’s finance chief opted for an equity raise rather than a debt sale as the software company sought additional funding to build out its operations.
Diageo CFO Mikells to Leave; North America Finance Chief to Take Over
Diageo named the finance chief of its largest and most profitable business as its next CFO, succeeding Kathryn Mikells, who plans to leave the company at the end of June.
Finance Chiefs Prepare for Potential Rule Changes, Return to the Office
Chief financial officers, policy makers and other executives discussed the pandemic, regulatory changes and other issues during The Wall Street Journal’s CFO Network Summit on Wednesday.
Starbucks Recruits Company Veteran for CFO Role
Starbucks named a 16-year company veteran as its new finance chief as it works to recover from the coronavirus pandemic, which hurt its sales across the globe.
U.K. Watchdog Finds Deloitte, Former Partners Failed to Challenge Autonomy’s Accounting
The Financial Reporting Council, the U.K.’s accounting watchdog, on Wednesday said Deloitte and two former partners were “culpable of serious and serial failures” in their audits of Autonomy, wrapping up a yearslong investigation after findings of misconduct.
CFOs in 2021 Will Keep an Eye on These 10 Things
Here are 10 things that could be top of mind for CFOs in 2021.
Finance Executives Look to Advance Libor Transition in 2021
Efforts to skip the London interbank offered rate for new transactions by end of next year are forcing finance executives to take stock of their contracts, communicate with banks and investors and adjust their interest-rate cost calculations.
Yogurt Maker Chobani Recruits New CFO as It Continues to Expand
Yogurt maker Chobani hired a seasoned food and consumer-goods executive as its next finance chief as it expands into new food categories.
U.S. Finance Chiefs Expect Growing Revenue, Wages and Employment Levels in 2021
Chief financial officers at U.S. companies are optimistic the country’s economy as a whole—and their businesses, in particular—will recover in 2021 despite worries about potential tax rate changes and higher labor costs.