Wed.Jan 04, 2023

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SEC charges ex-CFO at gold mining SPAC with $5M fraud

CFO Dive

The embezzlement allegations follow the collapse of the SPAC market in 2022 and sharper SEC scrutiny of the so-called blank check companies.

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5 Reasons to Leave Your Job — Even in a Downturn

CFO News Room

In a tight labor market, especially when news of large and small-scale layoffs continues to proliferate, it might seem inadvisable to look for a new job if you’re employed. But if you’re not engaged in your work, that will eventually show, which could put your career at risk. Once you realize you’re spending 40 hours weekly feeling unfulfilled, it’s always better to control your destiny than wait for others to decide your fate for you.

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Trending Sources

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Stock buyback tax looms over SPACs

CFO Dive

The new 1% excise tax on share buybacks — effective Jan. 1 — threatens to ding special purpose acquisition companies as the SPAC market has all but dried up.

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Job openings remain significantly lower than 2022 peak

CFO News Room

Posted January 4, 2023 at 10:52 am by EPI Staff. Job openings remain significantly lower than 2022 peak. Below, EPI senior economist Elise Gould offers her initial insights on today’s release of the Job Openings and Labor Turnover Survey (JOLTS) for November. Read the full Twitter thread here. While not much changed in the JOLTS report for November, when we benchmark against latest peaks and troughs, we can see how much these labor market metrics have moderated over the last two years.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Salesforce to cut 10% of workforce, trim real estate

CFO Dive

The software provider will incur between $1.4 billion and $2.1 billion in charges as it moves to pare down its workforce and real estate footprint.

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Digital Realty promotes exec to CFO seat

CFO Dive

Digital Realty’s Matt Mercier will take the CFO seat as its former financial head moves to the CEO role.

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Wynn Resorts, Microsoft, Honeywell, Salesforce and more

CFO News Room

The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018. Pual Yeung | Bloomberg | Getty Images. Check out the companies making the biggest moves midday: Wynn Resorts — The casino operator’s stock jumped nearly 7%, building on its solid start to 2023. With Wednesday’s gain, the stock is up more than 11% for the week.

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State Coincident Indicators: November 2022

Barry Ritholtz

The Philly Fed’s November State Coincident Indicators snuck out while I was away (1/28/22). There are increasing signs of local distress revealed in the midwest, and lots of softness elsewhere. As detailed here , over the past month, the SCI indicies increased in 30 states, decreased in 13 states, and remained stable in seven, for a one-month diffusion index of 34.

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New Laws May Make 2023 a Year of Unintended Consequences

CFO News Room

Jason Riley is an opinion columnist at The Wall Street Journal, where his column, Upward Mobility, has run since 2016. He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley, a 2018 Bradley Prize recipient, is the author of four books: “Let Them In: The Case for Open Borders” (2008); “Please Stop Helping Us: How Liberals Make It Harder for Blacks to Succeed” (2014); “False Black Power?

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Adani plans strategy tweak to enter 5G battlefield dominated by Ambani

CFO News

Adani Group’s chairman Gautam Adani has been planning to roll out an enterprise 5G services and consumer apps this year, according to a TOI report. As the Indian industrialist looks to expand his business outside the country, he will be focusing on building AI-ML (artificial intelligence & machine learning) and industrial cloud capabilities, and expanding data centres.

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Make 2023 the Year You Escape Expense-Report Jail

CFO News Room

You can have your fitness goals and Dry January. My New Year’s resolution is to make it through 2023 without a nastygram from the nice folks in expense accounting. I’m no business-travel scofflaw. But I get plenty of automated emails not-too-subtly nudging me to do my expenses already. I’ve had more than a few expense reports returned for missing receipts or other missing details.

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Implementing Retirement Income Guardrails To Facilitate (The Right) Spending Raises And Spending Cuts

Nerd's Eye View

Financial advisors have a wide range of strategies at their disposal to create financial plans for their clients. And when it comes to retirement planning, one popular technique is the use of ‘guardrails’, which set an initial monthly withdrawal rate that can be later adjusted as the size of the client’s portfolio changes. This strategy is valuable because it generally allows for higher initial withdrawal rates than more static approaches that don’t accommodate clients wi

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What holds for Businesses in 2023: A Prognosis

CFO News

2023 is not going to be as bad as 2022. In fact, a lot better. But we need to keep our fingers crossed.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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The Yen’s Downside Risk Persists Despite BOJ Shift

CFA Institute

There is reason to be cautious about the nascent yen rally.

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Banks report high credit growth with Indian economy showing stability

CFO News

Bank of Maharashtra said that its gross advances grew nearly 22% year-on-year to Rs 1.57 lakh crore, while privately owned Federal Bank reported 19% rise to Rs 1.71 lakh crore.

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How do Nonprofits Manage Cash Deficits?

CFO Selections

As 2023 begins many nonprofit leaders are facing the reality of operating after the government funds that were provided during the pandemic have dried up. Organizations that regularly operate with minimal or moderate budgets are finding that they are in a cash negative position. How they respond now will determine what the future holds for their missions, staff, and the people they serve.

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Digital native retail CFOs: What’s the next move for success?

Future CFO

Digital native retail businesses are expected to see resounding success in the coming few years, but their existing strategies might need a tweak soon as traditional retailers are catching up, said Bain & Company recently. Digital native retail businesses are retailers which initially operated exclusively online, Bain defined. Retail ecosystem players, such as Amazon, and other online marketplaces gained considerable momentum over the last decade, capturing about 60% of global retail growth

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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How will CFOs navigate investor relations in 2023?

CFO News

In the New Year, CFOs and IR leaders would have to solidify their ESG programmes and approach to enterprise risk management, collaborating on the final strategy with their marketing counterparts.

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Clips From Today’s Closing Bell

The Reformed Broker

Investors need to accept we’re in a new paradigm, says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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India Inc likely to get cautious in hiring during January-March quarter

CFO News

About 48% of Indian employers covered in the latest ManpowerGroup Employment Outlook Survey, shared exclusively with ET, said they will hire more people in the March quarter, 16% expect a decrease in hiring intent and 34% expected to keep workforce levels steady. Only 2% were unsure about hiring intentions.

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Webinar: Platform Conversion & Customer Experience | January 24

Strategic Treasurer

Platform Conversion & Customer Experience. January 24 | 11:00 AM EST. Register Now. Date. Tuesday, January 24, 2023. Time. 11:00 AM – 12:00 PM EST. Where. This is an online event. Speakers. Steve Traut, Superior. Craig Jeffery, Strategic Treasurer. Sponsored By. Hosted By. 1.2 CTP re-certification credits will be given for attendance to this live webinar.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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India in better position to weather shocks, pandemic lessons to help: India Inc

CFO News

India is in a better growth trajectory with strong domestic consumption and confidence, and many companies are re-strategising to derive faster local growth and parallelly tap opportunities to increase their participation in global manufacturing, corporate chieftains said. But some are also worried about the impact of external factors on their revenue growth.

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How to Afford Rent when Wages Remain the Same but Costs of Living Rise

Financial Analyst Insider

With inflation at an all-time high, many people feel the pressure as living costs continue to rise. While basic living expenses like rent, fuel, and. The post How to Afford Rent when Wages Remain the Same but Costs of Living Rise appeared first on Financial Analyst Insider.

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Union Budget 2023: How PM Modi’s reforms in eight years armed India to be the next dragon in global economy

CFO News

Union Budget 2023: India had just peeked into the list of top 10 economies in 2014. In a space of eight years, it has galloped to outshine its former ruler, the United Kingdom, to become the fifth-largest economy in the world. But India’s growth story is perhaps just starting.

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12 Best Paying Jobs in Real Estate Investment Trusts (REITs)

CFO News Room

Unless you’re one of the few people who knows exactly what they want to do with their life, choosing your future career can be challenging. With a high job satisfaction rate and a healthy real estate market, more people are turning to the real estate industry. Within the industry, it is estimated that Real Estate Investment Trusts (REITs) supported 3.2 million jobs in 2021 , according to a study commissioned by the National Association of Real Estate Investment Trusts (Nareit).

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.