recent industry articles
David Ostrove, former Long Island school CFO, sentenced up to 25 years
Ostrove was referred to as “a charlatan and a brazen thief” by State Supreme Court Justice John Collins.
CFOs On the Move: Week ending April 19
New finance chiefs at Exact Sciences, Siemens Government Technologies, and Bloom Energy.
CFOs navigate the weeds of cannabis accounting to drive industry growth
“When controlling growth, we advise to test the market first before they go out and spend a ton of capital.”
Alphabet CFO Ruth Porat’s internal memo reveals Google finance team restructuring, layoffs
“The tech sector is in the midst of a tremendous platform shift with Al,” Porat wrote in the internal memo, indicating the company would reallocate its assets to other tech initiatives.
OnlyFans CFO Lee Taylor: Building scalable finance to lead creator economy
“One of the unique things about OnlyFans is its self-funding. We have always been profitable and cash-generative.”
Private debt funds rise 13.3% YoY in 2023, surpasses VC fundraising
“2023 was a great test for private debt, and it passed with flying colors.”
Customers Bancorp fires CFO for ‘cause,’ promotes insider to top spot
Following Carla Leibold’s immediate termination, the bank promoted Philip Watkins to the parent company’s top chief finance spot.
73% of accounting firms not using AI: Report
Despite its trendiness, 35% of accountants said their organizations are not using AI and have no plans to do so.
34% of CFOs ‘very optimistic’ about US economy: Report
Despite overall optimism, finance chiefs consider cost optimization a top focus area.
Q1 corporate bankruptcies up 43% over last year
U.S. bankruptcy filings through March 31 increased year over year across all major filing categories.
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