Some companies are switching to virtual shareholder meetings again as the Omicron variant continues to spread through the U.S. and businesses take precautions to limit infections.
Paulo Basilio, the two-time finance chief of consumer-goods giant Kraft Heinz Co. who pruned the company’s portfolio and brought down debt, also trained up his own successor.
Schott AG’s finance chief plans to increase spending this year as the specialty glass and materials manufacturer sees growing demand for its products, including syringes and vials for Covid-19 vaccines.
Retail-trading platform Robinhood Markets Inc. doesn’t plan on spending significant amounts of corporate cash on crypto assets anytime soon, Chief Financial Officer Jason Warnick said.
What would a 15% minimum tax mean for business? How about the proposed duty on share buybacks? And what is happening on the international tax front? I discussed these and other questions with EY’s Kate Barton and Xcel Energy CFO Brian Van Abel at WSJ‘s CFO Network Summit.
How much cash should companies hold? Will CFOs spend big on M&A in 2022, and what will their capex spending plans look like? I posed these and other questions to the CFOs of Foot Locker and Nielsen at WSJ’s CFO Network Summit.
Volkswagen CFO Arno Antlitz says the German car maker is mitigating the impact of raw-material and component price increases through rigorous cost-cutting and that higher prices weren’t yet translating into higher wages at the company.
Rivian Automotive Inc.’s finance chief said the electric-vehicle maker plans to put growth before profit as the company looks to build out the business following its public listing in November.
CFOs are looking to refinance billions of dollars in debt coming due over the next few years in anticipation of several rate hikes by the Federal Reserve in 2022.