Global CFO Institute

Providing best practice thought leadership & professional advancement for the Global Chief Financial Officers community. The Institute brings together financial experts to share knowledge and experience with peers from different industries and regions. It serves as a leading voice in promoting excellence and innovation in finance. The Global CFO Institute is a professional organization that provides thought leadership, prestigious event and award ceremonies, media and public relations support and production and professional advancement for the global community of chief financial officers, chief investment officers and chief economists and other C level finance and investment management professionals. The Institute brings together financial experts from different industries and regions to share knowledge and experience. It serves as a leading voice in promoting excellence and innovation in finance. The Institute participates in setting up prestigious events for finance and investment professionals, offers a prestigious monetary award to those who have delivered extraordinary results in finance, in investment management and in economics and supports research focused on finance and investment management, and has developed a number of solutions for the global insurance, pension fund, endowment and corporations’ liquidity portfolio management and bank reserve capital needs strategies with a special focus on significantly improving returns on default reserve of capital / core of a core satellite portfolio, in insurance asset management, corporations’ liquidity portfolio management and bank reserve capital needs and other strategies that enjoy benefits of favorable treatment from capital relief regulations. The Institute also focuses on private equity, hedge fund, direct investment and other core and alternative finance, and investment strategies research for the global insurance, pension fund, endowment and corporations’ liquidity portfolio management.

CEOs and CFOs at companies in the Equilar 500—the 500 largest U.S. companies by revenue— receive benefits and perquisites that are disclosed in the “all other compensation” section of the summary compensation table found in proxy filings. Common annual perks for CEOs and CFOs include personal use of the company aircraft, use of a company car and driver, and security services. Executives may also receive perks such as relocation assistance and corporate housing, though these perks are less common. Values reported are usually in connection with incremental costs from personal use of company resources, which are at the expense of the company and its shareholders. High profile executives often receive security benefits as part of their compensation packages. For example, Mark Zuckerberg, CEO at Meta Platforms, received a security program valued at $24.8 million in 2022. The Company authorized the security program “to address safety concerns due to specific threats to their safety arising directly as a result of Mr. Zuckerberg's position as our founder,” according to Meta’s most recent proxy filing. Aircraft perquisites are often granted adjacent to security benefits, though the incremental costs are valued independently. Mark Zuckerberg had the highest personal aircraft perks among all executives, valued at $2.3 million in 2022. James Taiclet of Lockheed Martin had the second highest aircraft perk valued at $1.3 million. While aircraft perks have historically been reserved for CEOs, a rising number of chief financial officers have been granted access to corporate jets. In 2018, 54 CFOs received aircraft perquisites, and that number grew to 76 CFOs in 2022. John Rainey of Walmart ($424,200 in this past year) received the largest aircraft perquisite of chief financial officers. Decisions about executive pay can have an indelible impact on a company. When compensation is managed carefully, it aligns people’s behavior with the company’s strategy and generates better performance. When it’s managed poorly, the effects can be devastating: the loss of key talent, demotivation, misaligned objectives, and poor shareholder returns. Given the high stakes, it’s critical for boards and management teams to get compensation right. These decisions often fall on the office of the CFO, and getting it right is often a significant challenge. #cfo #executivecompensation #cfoinsights

CEOs and CFOs at companies in the Equilar 500—the 500 largest U.S. companies by revenue— receive benefits and perquisites that are disclosed in the “all other compensation” section of the summary compensation table found in proxy filings. Common annual perks for CEOs and CFOs include personal use of the company aircraft, use of a company car and driver, and security services. Executives may also receive perks such as relocation assistance and corporate housing, though these perks are less common. Values reported are usually in connection with incremental costs from personal use of company resources, which are at the expense of the company and its shareholders. High profile executives often receive security benefits as part of their compensation packages. For example, Mark Zuckerberg, CEO at Meta Platforms, received a security program valued at $24.8 million in 2022. The Company authorized the security program “to address safety concerns due to specific threats to their safety arising directly as a result of Mr. Zuckerberg's position as our founder,” according to Meta’s most recent proxy filing. Aircraft perquisites are often granted adjacent to security benefits, though the incremental costs are valued independently. Mark Zuckerberg had the highest personal aircraft perks among all executives, valued at $2.3 million in 2022. James Taiclet of Lockheed Martin had the second highest aircraft perk valued at $1.3 million. While aircraft perks have historically been reserved for CEOs, a rising number of chief financial officers have been granted access to corporate jets. In 2018, 54 CFOs received aircraft perquisites, and that number grew to 76 CFOs in 2022. John Rainey of Walmart ($424,200 in this past year) received the largest aircraft perquisite of chief financial officers. Decisions about executive pay can have an indelible impact on a company. When compensation is managed carefully, it aligns people’s behavior with the company’s strategy and generates better performance. When it’s managed poorly, the effects can be devastating: the loss of key talent, demotivation, misaligned objectives, and poor shareholder returns. Given the high stakes, it’s critical for boards and management teams to get compensation right. These decisions often fall on the office of the CFO, and getting it right is often a significant challenge. #cfo #executivecompensation #cfoinsights

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By now, most executives will have heard of the huge holes their underfunded pensions have punched into the once solid balance sheets of big companies. Investors are right to howl: A company’s financial statements really ought to reflect the company’s economic performance and status in a transparent manner. To some extent, the furor is misplaced. Academic studies showed long ago that the stock market incorporates pension surpluses and shortfalls into its estimates of company value despite the practical difficulties of deciphering corporate pension accounts. But consider the potentially much larger—and less-researched—issue of the risk imposed on shareholders by the mismatch between holding equity-like assets in the pension fund and having debt-like pension liabilities. Unfortunately, market efficiency does not imply management efficiency. In making capital investment decisions, managers routinely discount the estimated future cash flows of investment opportunities using their cmpany’s weighted average cost of capital (WACC). The rationale for applying this rate is that, most of the time, companies make investments that have a similar risk profile and capital structure to the company itself, which the WACC is intended to reflect. The trouble is that WACC as normally computed does not reflect the riskiness of the company’s operating assets because it assumes that on-balance-sheet debt is the only factor a company needs to take into account in extracting an estimate of asset risk from its observed equity volatility. That is not the case: Pension liabilities are no less economically real debt for being off balance sheet, and nonoperating assets such as the pension fund generally have different risk characteristics than the operating assets of the firm. Thus, their impact on the company’s risk profile should be taken into account in any evaluation of new projects. #CFO #cfoinstitute #cfoinsights

Understand the trends shaping the future of finance As digital technologies continue to disrupt industries and markets, the finance function must also transform to leap competition. Discover opportunities for CFOs to accelerate digital transformation in the finance function and across the organization. Higher rates. Challenged growth. Scarce labor. Cost pressure. Security threats. And the scramble for AI use cases. Current conditions are driving an enterprise focus on productivity across all assets to unlock resources for investment and growth, putting finance in the spotlight again in 2024. #CFO #cfoinsights

The promise of pension plans can remain valid for more than 60 years. That makes defined benefit pensions, whose aggregate value in the U.S. has risen to more than $6 trillion, a long game indeed. While these pension plans are still a large part of the U.S. retirement ecosystem, the world of work has changed in such fundamental ways that many would argue they are archaic: labor has become more mobile; the “gig” economy claims more self-employed workers; and more parents are taking career breaks to raise children. Overall, “lifetime employment” today bears little resemblance to the notion of that concept a few decades ago, when defined benefit pensions were the norm. Radical changes have vastly affected the composition of the workforce — and by extension the population still served by defined benefit plans. Moreover, the economy experienced plummeting interest rates a decade or so ago. Amid the shifting environment, these funds now require much more principal to be invested in order to get the expected result at payout. The maintenance and administration of old-school defined benefit plans has consequently become increasingly unsustainable for companies to manage. Carrying a defined benefit plan requires hard thinking about longevity trends, interest rates, and investments. With people living longer, pension liabilities rise, and required knowledge about the company’s specific employees and pensioners becomes increasingly complex. Moreover, the company that originated the plan might not even still be in business. In fact, right now in the U.S., of the estimated $10.3 trillion worth of assets in country’s largest pension funds, there’s something on the order of $6.6 trillion in defined benefit pension plans. #CFO #pensionplan

Tackle the CFO priorities that will shape finance success in 2024 and beyond Economic headwinds have forced CFOs to look beyond temporary measures and find new ways to lead finance through digital transformation. From economic volatility to complex transformation initiatives, CFOs and their leadership teams face multiple challenges in 2024. Learn how the current climate is shaping finance priorities. The Gartner 2024 Finance Executive Priorities Survey asked 185 CFOs to rank their top priorities and the difficulty of key tasks related to those priorities. Leading transformation and improving the finance function emerge as major themes in the top 5 CFO priorities for 2024. CFOs report an increasing focus on improving personal effectiveness as they take on more enterprise responsibilities while facing disruptions in the form of emerging technologies and a challenging talent market. Balancing these responsibilities with finding space and time to be a strategic resource to the organization is a key CFO priority. Improving the effectiveness of resource allocation and optimizing costs are two traditional tasks that CFOs still consider critical to success — but the way they approach these initiatives is evolving. CFOs are increasingly evaluating cost and investment decisions through an enterprise-first lens of profitable growth and digital transition. #CFO #cfoinsights #cfodevelopment #cfoadvisory

Top 3 Highest Paid CFOs In The World (Chief Financial Officers) List of The 10 Highest Paid CFO In The World Below listed are the top 3 highest-paid CFOs in the world in 2023, along with their key responsibilities, notable achievements, and CFO compensation. 1. Patrick Pichette Patrick Pichette is a renowned business leader who is currently serving as the Chief Financial Officer (CFO) of Google’s parent company– Alphabet Inc. With over 30 years of experience in the technology industry Key Responsibilities: Overseeing Alphabet’s financial operations, including financial reporting, budgeting, and forecasting. Developing and implementing financial strategies to support Alphabet’s growth. Providing financial guidance to the company’s top management to support decision-making. Notable achievements: Pichette played a crucial role in Alphabet’s transition from Google’s. He has also been recognized for his leadership in sustainability. Under his leadership, Alphabet received significant success in its environmental and social initiatives. Pay & Benefits: As the CFO of Google, Pichette received a total compensation package of $16.5 million in 2023. This includes a base salary of $2.7 million and stock awards worth $11.2 million. 2. Anthony Noto Anthony Noto is a well-known financial executive and former NFL executive who currently serves as chief executive officer and the CFO of SoFi (a financial technology company). Key Responsibilities: Overseeing all financial operations, including financial planning and analysis, accounting, treasury, and investor relations. Developing and implementing financial strategies that support SoFi’s growth and expansion. Leading fundraising efforts to secure funding for SoFi’s ambitious plans. Notable achievements: Noto played an instrumental role in taking SoFi public in 2021 through a SPAC merger with Social Capital Hedosophia Holdings Corp. V. He has successfully raised over $2 billion in funding for SoFi through multiple rounds of financing. Pay & Benefits: Noto earned a total compensation package of $15.8 million in 2023. This includes a base salary of $500,000, stock awards worth $9.2 million, and a cash bonus of $6 million. 3. Safra Ada Catz Safra Ada Catz is an Israeli-American business executive who currently serves as the CEO of Oracle Corporation. With a long and successful career in the tech industry, Catz has established herself as one of the world’s most influential and highest-paid CFOs. Here’s a closer look at her key responsibilities and achievements: Key Responsibilities: Overseeing the company’s key operations, including sales, marketing, finance, and legal departments. Managing the company’s relationships with customers, partners, and investors. Pay & Benefits: In 2023, Catz received a total compensation package of $12.7 million. This includes– a base salary of $950,000, stock awards worth $9.4 million, and a cash bonus of $2.3 million. #CFO #cfoinsights #cfoservices

2023 ONCON ICON AWARDS The OnCon Icon Awards recognize the top CFOs in the entire world. Finalists were voted on by peers to determine the winners (click here to see how winners are chosen). The 2023 Awards were presented virtually at OnCon 2023 on April 25th. TOP 50 CFO AWARD WINNERS Aaron Weedy | CFO | Ledo Pizza Abhishek Gupta | CFO | OYO Alicia Snider | CFO | The Job Center Allison Dukes | CFO | Invesco Amir Naderi | Chief Financial Officer | Affinity Express Anna Agafonova | Group CFO | Pepper Advantage Bashar Naser | CFO | Gerald Champion Regional Medical Center Beth Wong | Chief Financial Officer | CJ Logistics America, LLC Bill Valentas | CFO | Freddy's Frozen Custard & Steakburgers Brett Abbey | CFO | Mob Scene Carla Mills | Chief Financial Officer | Archdiocese of Kansas City in Kansas Charu Singh | CFO - Technology and Corporate Units | TD Bank Christian Mezger | Executive Vice President and CFO | Anuvu Craig Parr | CFO | Omaha Steaks International Cristina Torrence | Chief Financial Officer | YMCA of Akron, Ohio, Inc. Daniel Campos | CFO North America | Mastercard Daniel West | Chief Financial Officer | Amarillo ISD David Chaen | Chief Financial Officer | Stability Healthcare Dean Butler | CFO | Synaptics Incorporated Ebru Akyildiz | CFO | Harmony Public Schools Jason Marrone | Vice President & Chief Financial Officer | Honda Aircraft Company Jeff Banaszak | CFO | Creative Dining Services, Inc Jeff Yesner | CFO | Accountable Healthcare Staffing John Doherty | CFO | Magic Leap JT Weinberg | Chief Financial Officer | Keller Logistics Group Karen Friar | CFO | Benco Dental Laura Coffey | CFO | The Vitamin Shoppe Matt Santangelo | Chief Financial Officer | Forcepoint Michael Ellis | CFO | Flywire Michael Henry | Executive Vice President, Chief Financial Officer | Tilly's, Inc. Ramandeep Nayar | CFO Credit & Fraud Risk | American Express Robert Bendetti | CFO | Life Cycle Engineering (LCE) Sam Wilson | CFO | 8x8 Scot Parnell | Chief Financial Officer | DailyPay Scott Donahue | Chief Financial Officer | PLA Holdings, LLC Shannon Kivinen | CFO | GRBS, Inc. Stephen Lasher | Chief Financial Officer | Vonage Verbena Williams | CFO | Employment Enterprises, Inc. Vince Burchianti | Chief Financial Officer | Firehouse Subs Xihao Hu | Executive Vice President and Chief Financial Officer | TD Bank, America's Most Convenient Bank https://lnkd.in/eXmU8bz4