Financial News and Analysis | CFO Dive
CFO Dive provides in-depth journalism and insight into the most impactful news and trends shaping the finance industry.
Palantir CFO sells $7M in stock amid valuation dip
Jan 7, 2025 · Dive Brief: Palantir Technologies CFO David Glazer recently sold 96,273 shares of the company’s common stock, representing an aggregate market value of approximately $7.2 million, according to a recent securities filing.; The sale, coinciding with those by other company directors and executives, comes amid debate over Palantir’s stock price, with analysts from Morgan Stanley led by Sanjit ...
FTC warns 21 healthcare marketers against deceptive claims
Dec 10, 2024 · Dive Brief: The Federal Trade Commission said Tuesday it is sending warning letters to 21 companies that market or generate leads for healthcare plans, according to a release.; Noting that it is currently open enrollment season for healthcare plans, the agency said it is putting on notice companies that provide marketing or advertising, including lead generation, related to Affordable Care Act ...
Intel shareholders look to yank back ex-CEO, CFO compensation
Dec 20, 2024 · Dive Brief: Intel Corporation shareholders are asking for the disgorgement of “all profits, benefits, and other compensation” obtained by ex-CEO Pat Gelsinger, CFO and current co-interim CEO David Zinsner and other company leadership, arguing the leaders breached their fiduciary and contractual duties, according to a shareholder derivative lawsuit filed Tuesday.
SEC cybersecurity enforcement outlook uncertain as Trump 2.0 …
Dec 17, 2024 · “The results reveal confusion and caution on whether and when to file and a general failure to provide enough information that could effectively protect companies from future SEC enforcement actions,” said a report on the findings. Less than half (48%) of filings in the sample provided specific insights into the organization’s incident response procedures.
PCAOB could be defanged by incoming Trump administration
Dec 12, 2024 · During Trump’s first presidency, the 2017 appointment of William Duhnke, a long-time aide to Alabama senator Richard Shelby, as the board’s chairman signaled a steep drop-off in enforcement and a friendlier relationship between auditors and the audit watchdog.In effect, Pawlewicz expects to see history repeat itself with the …
Companies to shift 9% more nearshoring to Mexico | CFO Dive
Oct 15, 2024 · Dive Insight: In the wake of the pandemic, many companies ditched their just-in-time approach to supply chains and lean inventory. Back in 2022, nearly half (45%) of CFOs and VPs of finance said they were moving away from efficiency-based supply chains to revenue assurance models with more flexibility and resilience, CFO Dive previously reported. In 2022, CarParts.com David Meniame, who was ...
KPMG backs 120-credit hour alternative CPA licensure option
Oct 9, 2024 · Dive Insight: KPMG’s full-throated support for alternative paths to CPA licensure comes roughly a month after t he American Institute of CPAs shifted to officially move ahead with adding more paths and flexibility to licensure in order to tackle the accounting talent shortage.. The accounting association had previously raised objections to cutting the hourly credit requirement, citing ...
Unilever CFO sees 7.5% pay boost for new procurement, tech ...
Dec 9, 2024 · Dive Brief: Unilever CFO Fernando Fernandez will assume additional responsibilities for supply chain and procurement, digital and technology and business services as part of wide-sweeping executive leadership shifts, the global food and household retailer announced Monday.; As part of the shift, Fernandez — a 37-year veteran of the company, the parent of such brands as Hellmann’s, Ben ...
KPMG to invest $100M in Google Cloud effort | CFO Dive
Nov 21, 2024 · Dive Brief: KPMG said Wednesday that it plans to make a new $100 million investment toward enhancing generative artificial intelligence, data analytics and cybersecurity services that it provides through an existing partnership with Google Cloud.; The expanded alliance, which is expected to drive $1 billion in incremental growth for the Big Four accounting and consulting firm, will include a ...