CFO

Which candidate do you believe will best support businesses and the economy they operate in?

Strategos Chairman Gary Hamel, Harvard Business School Leadership Professor Amy Edmondson, former AT&T Business CEO Anne Chow (She/Her) and The CFO Alliance CEO Nick Araco JR share their takes. Salary transparency, an area where CFOs have expressed mixed feelings, is a policy Hamel recommends for CFOs looking to be more transparent. “I believe all salary data should be shared across the company," said Hamel. "It’s a good way to ensure that you don’t have anomalies and that you don’t have a strong leader somewhere that has been able to lever up the pay of their subordinates at the expense of everyone else.” https://lnkd.in/eJEQMMmX

MassMutual’s CFO will retire after 30 years with the company, Jack in the Box brings back its former finance chief and Expedia Group’s CFO is stepping down. ▪ Lance Tucker rejoins Jack in the Box as their CFO ▪ Alamo Drafthouse Cinema names Dana Pearson, CPA as CFO ▪ Julie Whalen is stepping down as CFO of Expedia Group ▪ X hires M. Reza Banki as CFO ▪ Luke Grossmann is promoted to CFO of the United States Postal Service ▪ SymphonyAI names Ravi Narula CFO Read this week's edition of CFOs On the Move here: https://lnkd.in/esFa_8Ff

📰 Preferred Shares: New CFO at X; Milo's Hamburgers CFO Q&A; The CFO Alliance CEO's morning routine; FP&A tech This week's newsletter features a story about X's new CFO M. Reza Banki, a Q&A with Milo's Hamburgers CFO Alex Holt, a new edition of the 6 a.m. CFO series featuring Nick Araco JR of the The CFO Alliance, stories on data from surveys done by Datarails and Everest Group and more. Read this week's edition of Preferred Shares here:

Alex Holt, CFO of Milo's Hamburgers, discusses his first six months as a CFO, how he is using AI to decipher the differences between software products, his current tech challenges and more. "Since coming on board here, I have had a lot of technology folks reach out and share how much time and money they can save us with their products, but our real challenge is leveraging all of the data we have at our disposal to make the best possible decisions," said Holt. "There are a lot of opportunities here to leverage our data; we have over 70,000 transactions a week, so one of my priorities for next year is to search for a solution that can help us use the information we already have more efficiently." https://lnkd.in/eahBfVZA

Generative AI’s ability to create synthetic identities is likely resulting in rising fraud, particularly in the use of credit cards, bank cards and the issuance of U.S. auto loans. The auto lending market has been hit hard. In total, synthetic fraud in U.S. auto loans is up 105% in five years and makes up $2B of the $3.2B of total fraud. They’re also on pace to make up nearly three-quarters of all lending fraud in the U.S. by the end of H1 2025, according to new data from TransUnion. https://lnkd.in/euFrcsZp

Here’s how President-elect Donald Trump’s tax plans will impact CFOs in their professional and personal lives. President-elect Donald Trump’s plans to implement tax changes are extensive. In a nonpolitical description, here are six of the proposed plans with expert analysis that CFOs should be aware of for the financial cognizance of both their organizations and themselves. This story includes takes from Joseph A. LaVorgna, John Diamond and Blake Oliver, CPA. https://lnkd.in/eyYimbaM

The move comes after chips made by Taiwan’s largest producer were found in Huawei AI processors at the end of last month. Huawei, whose former CFO admitted to “misleading global financial institutions” in 2021, is on a trade-restricted list. Though TSMC is an independent company based in Taiwan, the U.S. Department of Commerce has jurisdiction since American companies like NVIDIA, Apple and Intel Corporation own the designs of the chips. https://lnkd.in/exJpVydj

After releasing a new long-form video on the material participation rule, owner of the DiLucci CPA Firm and finance and accounting influencer Jasmine DiLucci, JD, CPA, EA shares her takes on the production process, how CFOs can leverage tax benefits and more. "In a typical business, I don’t think many companies are keeping sufficient support on file for these types of areas like material participation," DiLucci said. "I’ve had clients with really expensive attorneys and great CFOs, but sometimes the tax support gets overlooked and isn’t found until an audit." https://lnkd.in/enWWuQxh

Affirm names a new CFO, BlackLine announces a CFO succession plan, Vice Media gets a new group CFO post-bankruptcy, Albany International Airport’s CFO is put on leave and more. https://lnkd.in/enRZSdJH