A June 2015 paper by professors from Emory University and Duke University found, in a survey of 400 CFOs, that, on average, chief
financial officers believe that 20 % of companies «intentionally misrepresent their earnings,» even though they are following the accounting rules.
It should come as no surprise then that Canadian chief
financial officers cite employee retention among their top concerns, according to a recent survey by Robert Half Management Resources.
The quarterly Trendsetter Barometer Survey polls chief executives and chief
financial officers of privately owned companies.
CNBC has assembled an elite group of chief
financial officers representing public and private companies from various major sectors, to share their frontline insights and unique views on key issues and challenges facing today's CFOs.
May 1 - U.S. insurer MetLife Inc said on Tuesday John Hele retired as chief
financial officer and will be succeeded by the company's treasurer John McCallion.
Dick's pointed to sales of hunting gear such as rifles, which chief
financial officer Lee Belitsky called «much worse than our expectations» on a conference call, and athletic apparel is key culprits in the shortfall.
The company also confirmed on Tuesday that it has let go both its chief operating officer and its chief
financial officer.
«We acknowledge that there are a lot of concerns about the uncertainty stemming from the new U.S. administration,» Han Chun - soo, Kia's chief
financial officer, said during an earnings conference call.
May 1 (Reuters)- U.S. insurer MetLife Inc said on Tuesday John Hele retired as chief
financial officer and will be succeeded by the company's treasurer John McCallion.
One of Fritz's key lieutenants is chief
financial officer Rob Knight, the architect of Union Pacific's capital - management system.
May 1 - U.S. insurer MetLife Inc said on Tuesday John Hele has retired as chief
financial officer and will be succeeded by the company's treasurer John McCallion.
Chief
Financial Officer Akhil Johri told Reuters that United Tech expects to meet its full - year target for engine deliveries to Airbus SE and is optimistic that its suppliers can keep pace with rising engine production.
The updated forecast assumes current aluminum prices will hold at these elevated levels, Chief
Financial Officer Kenneth Giacobbe said on a post-earnings call with analysts.
And, in June, Dorsey hired former Goldman Sachs banker Sarah Friar to be the company's chief
financial officer, a move that may indicate the company is readying itself for an IPO.
The board also elected Chief
Financial Officer Bruce Gross as the new CEO of its unit, Lennar Financial Services.
The $ 10 billion cloud storage company hired a new chief
financial officer at the beginning of 2015, which signaled to some market observers it was planning an IPO.
In December, Costello shuffled up top management — he promoted Mike Grupta, a former finance executive at Zynga (who helped take the company public in Decemeber 2011) to be the company's chief
financial officer, while moving Ali Rowghani from CFO to COO.
P&G reduced its ad budgets, saving $ 750 million in agency and production costs, it said in January, and it is set to save a further $ 400 million «in the next phase», according to Chief
Financial Officer Jon Moeller.
NEW YORK, April 24 (Reuters)- United Technologies Corp expects to meet its full - year target for engine deliveries to Airbus SE and is optimistic that suppliers can keep up with rising production, the company's chief
financial officer said Tuesday.
In an call with investors to discuss first - quarter financial results Tuesday, Verizon Chief
Financial Officer Fran Shammo defended the company's right to offer ESPN and other channels as part of a newly - configured bundle.
The company's Chief
Financial Officer Colette Kress said on a conference call on Thursday that inventory levels for gaming GPUs were at historically low levels due to cryptocurrency miners.
«Our other outstanding CEOs, Mary Erdoes (50), Asset and Wealth Management, and Doug Petno (52), Commercial Bank, along with our Chief
Financial Officer, Marianne Lake (48), took on expanded roles last year and have played progressively more significant roles partnering across the firm in helping manage the company,» Dimon said in a statement.
«We typically don't go into this level of detail but I think it's important this quarter to give you additional color, and maybe the two most important messages are that we believe iPhone revenue will grow double - digits as compared to last year during the March quarter and also and, importantly, that iPhone sell - through growth on a year - over-year basis will be actually accelerating during the March quarter as compared to the December,» chief
financial officer Luca Maestri said.
Following Apple's previous earnings report in February, Chief
Financial Officer Luca Maestri gave rare additional guidance, telling analysts on a conference call that iPhone revenue would grow by at least 10 % year - over-year in the current quarter.
Pareteum Investor Relations Contacts: Ted O'Donnell Chief
Financial Officer (212) 984-1096
[email protected]
Its chief
financial officer told investors that «the vast majority of the growth comes from deep learning by far.»
When we started to have a chief
financial officer, an operating person and a packaging person — people that had five to 15 years in the beauty business, I said to myself, I need to be collaborative because these people know a lot more than I do.
The low - interest - rate environment has allowed it to borrow to fund operations at levels that are about half the 10 percent interest rate the company paid for its financing more than a decade ago, says Clark Balderson, the company's chairman and chief
financial officer.
Shares in the company that also owns the Taco Bell brand fell 5 percent early on Wednesday, after its chief
financial officer said lingering concerns at KFC UK would contribute to the current quarter likely being «the worst» of the year.
• BIP Capital promoted Mark Flickinger to chief operating officer and Todd Knudsen to chief
financial officer.
Reported roles include; Non-Executive Chair, Non-Executive Directors, Managing Director / Chief Executive Officer, Chief Operating Officer, Chief
Financial Officer, Business Unit Head, Human Resources Executive, Technical Executive, Chief Legal Counsel, Sales and Marketing Executive, Chief Technical Officer, Chief Information Officer and Company Secretary.
Mining giant Rio Tinto has appointed the former BHP Billiton executive Chris Lynch as its new chief
financial officer, 18 months after he joined Rio as a non-executive director.
At a Wells Fargo media and telecom conference on Wednesday morning, AT&T chief
financial officer John Stephens said that closing the mega-deal for Time Warner «is now uncertain» even as he declined to elaborate on the company's ongoing discussions with the U.S. Department of Justice about securing regulatory approval for the transaction.
The two hedge funds» frustration with United's board stretches back to August 2015, when the airline's well - liked chief
financial officer left to join PayPal Holdings, one of the sources said.
«Our first quarter results were in line with our expectations and reflect the solid growth of our proprietary commercial products and the continued strength of our royalty and manufacturing business,» commented James Frates, Chief
Financial Officer of Alkermes.
On Thursday, April 26, 2018, David D. Petratis, chairman, president and CEO, and Patrick Shannon, senior vice president and chief
financial officer, will conduct a conference call for analysts and investors, beginning at 8 a.m. ET, to review the company's results.
Peter Klein, Microsoft's chief
financial officer, had been hearing the chatter and reached out to Durban in April.
Hudson was most recently chief
financial officer of global markets, and he has previously worked in fixed income and equities.
Other changes in the corporate structure Thursday included Richard Dufresne assuming the role as chief
financial officer at Loblaw.
Reiterating mid-term goals that include a 6 percent margin excluding Opel for 2021 - compared with 7.3 percent last year - Chief
Financial Officer Jean - Baptiste de Chatillon said the targets will be reviewed early next year and could be raised.
Although the company said it made no restatements beyond what had already been mentioned, the company stated more clearly that the «improper conduct» of its former Chief
Financial Officer Howard Schiller and former Corporate Comptroller had led to the misstate results.
The Company further announced today that Alon Mualem, the Company's Chief
Financial Officer, will leave the Company in the coming months to pursue new career opportunities.
«There are differences,» argues Michael Ross, chief
financial officer for Dollarama.
SoapWorks has doubled its revenues each year since its launch, but, as is typical at growing companies, Antonetti and husband Karp, who serves as chief
financial officer, are grappling with chronic cash - flow problems.
Business travellers and tourists could be prevented from flying in and out of the U.K. as of March 2019, the chief
financial officer of Ryanair warned on Tuesday.
The automaker now expects to save $ 25.5 billion by 2022, Chief
Financial Officer Bob Shanks told reporters Wednesday as Ford reported first - quarter earnings per share and revenue that beat estimates.
• Accelerator Corp, a Seattle and New York - based life science investment and management firm, named Kendall Mohler as chief development officer and Ian Howes as chief
financial officer.
The Board has named Ofira Bar to fill the role of Chief
Financial Officer on an interim basis, effective following the filing of the Company's annual report.
This strategy is «an important element in that it continues to differentiate why people should come to Twitter,» Twitter chief
financial officer Anthony Noto told Inc..
The French bank Societe Generale hopes to reach settlements with authorities over recent regulatory investigations in the next weeks or months, its chief
financial officer told CNBC Tuesday.