Human Capital & Career

We like David and dislike Eduardo

Winner & Loser

David Ebersman, current Facebook finance chief, lives the CFO's dream, raking in the money both for his company and himself. Eduardo Saverin, former Facebook CFO, tries to do the same but fails on the ethical side. more »

Rolling Out the Carpet for Shapland CFO Profile of the Week
First Group Names New Finance Director Surch to leave Shanks Group in summer
Hunting for Growth Along the Pearl River CFO Interview: Imelda Hurley, PCH International

Risk Management & IT

18.05.12

Cyber attacks and the private sector

IT Security Costs Could Balloon

As cyber attacks become more frequent, the US government wants the private sector to invest in protecting their computer systems. Businesses are reluctant but impending legislation may drive up their... more »

Deloitte Upgrades IT Consulting Unit
Mozilla Reopens Browser War
Italian Banks Punished

Risk Management & IT

18.05.12

Big 4 firm to go into digital advisory

Deloitte Upgrades IT Consulting Unit

Deloitte is the first of the Big Four consultancies to institutionalise digital service advisory into a separate department. It is making a foray into a turf far from its own, co-inhabited by such... more »

Mozilla Reopens Browser War
Italian Banks Punished
Pace of Price Hikes Too Much for CFOs

CFO Profile of the Week

14.05.12

Rolling Out the Carpet for Shapland

After a stint at Sainsbury’s, Darren Shapland is rejoining his former employer, UK retailer Carpetright, as chief executive. Carpetright’s founder Lord Harris is stepping down after failing to turn the business around over the past year. It is hoped that Shapland, whose experience combines having... more »

Surch to leave Shanks Group in summer

14.05.12

First Group Names New Finance Director

First Group announced the appointment of Chris Surch as its new group finance director. According to an official statement, Surch will join the Scottish-based public transport company on 1 September and replace current finance director Nick Davies. more »

Hunting for Growth Along the Pearl River CFO Interview: Imelda Hurley, PCH International
Healy Comes on Board Thomas Cook CFO resigns
No More Hope, If Ever There Was Any Commentary on Spain's banking blues

Financing & Liquidity

Greece and the euro crisis

16.05.12

No More Money for Greece

The Greek president himself is warning of disaster as Greeks are pulling out of the banks what little money they still have left in them. Even the ECB, the guardian of the eurozone, is cutting its exposure, a media report suggests. Is it time to say good-bye? more »

Exchange failure worries listed companies

15.05.12

Plus Stock Exchange Will Shut Down

The loss-making London based Plus Stock Exchange abandons a sale and announces closure. For more than 150 companies trading on the exchange, listing on AIM could be an option. more »

Payment Card Market: Monnet Project Failed No European competitor for Visa and MasterCard
Monier Postpones High-Yield Bond High-yield bonds delayed
Thomas Cook Taps into its Resources Sale and leaseback of airplanes

Reporting & Forecasting

Working capital management

15.05.12

Companies Inaccurately Forecast Working Capital Needs

Many large companies are unable to correctly forecast their inventory, receivables, payables and underlying cash requirements, a study by REL Consulting finds. The study estimates that Global 1000 companies lose about $2 billion per year due to poor working capital management. more »

Stress test for finance departments and controlling

15.05.12

“Volatility Will Continue to Increase”

Turbulence in the economy is continuing to strengthen, warns Heimo Losbichler. And this trend towards increased volatility is not stopping anytime soon. For businesses, this means a rethinking of its positions. more »

A Gamble on the Financial Sector Corporate tax in the UK
Hansgrohe CFO: “Cycles Getting Harder” High volatility harms bathroom fittings manufacturer
Tax Issues Cloud IT Hype Taxing cloud computing services

Risk Management & IT

Microsoft accused of unfair competition

17.05.12

Mozilla Reopens Browser War

EU regulations compel Microsoft to offer users a choice of Internet browser till 2014. Will Microsoft continue to offer this choice after 2014? Mozilla and Google are voicing their doubts. more »

Moody's lowers Italian banks’ ratings

16.05.12

Italian Banks Punished

Rating agency Moody's has downgraded the creditworthiness of 26 Italian banks. CFOs and treasurers now have to find new banks partly due to the increased counterparty risk. more »

Pace of Price Hikes Too Much for CFOs Rising commodity prices hurt profitability
Hedge Funds Bet Against SNB Swiss franc under revaluation pressure
ECB Shifts Burden of Proof to Issuers New Internet card payments standard unveiled

Corporate Strategy

Solid growth for management consultancies in 2011

17.05.12

UK Consultancies Thrive in Downturn

The flagging economy has proven a boon to management consultancies: they recorded a 5% growth in fee income last year as CEOs and CFOs are applying cuts to their business while preparing for growth. Efficiency programmes have been a key driver. more »

No Pfizer-deal down the road?

15.05.12

Bayer CFO Pumps Brakes on Deals

The market is anxiously waiting for Bayer’s next big M&A move: the takeover of Pfizer’s animal-health unit for $20 billion or the sale of its chemical division for around €10 billion. Yet CFO Baumann is trying to stop all speculation and says, “We don’t have an active M&A agenda... more »

Shareholders Dictate CFO Compensation Executive compensation in Great Britain
CFOs Need New Pricing Strategies Recession in southern Europe
Firms Want More Shared Services Outsourcing trends in 2012

Markets & Economy

US imposes anti-dumping duties Chinese solar imports

18.05.12

Solarworld wins US lawsuit

The US Department of Commerce is imposing anti-dumping duties on solar products imported from China. If, however, industry prices rise then the decision may actually be to Solarworld’s disadvantage. more »

Euro zone crisis

17.05.12

Fitch Analyses Greece’s Euro Exit

Greece’s hypothetical exit from the euro zone would have major impact on companies throughout Europe. The consequences of an exit could vary greatly, depending how efficiently it’s carried out. Fitch analyzed two scenarios. more »

Europe’s Misguided Search for Growth Guest commentary by Daniel Gros
Car Suppliers on Slippery Ratings Slope S&P forecasts downturn for European auto suppliers
EU Finance Ministers Agree on Basel III new banking standards in Europe

Cooperative Partners

CFO Insight - Financial news for the chief financial officer

Quote of the Week

Labour leader Ed Miliband, referring sarcastically to text messages sent by David Cameron to former News International CEO Rebekah Brooks, advises the PM on how best to make first contact with France's new president Hollande.

Seriously?

CFO Fired for Tweeting

Francesca’s, the women’s retailer, fired its CFO for writing about the company on social media. Stocks jumped 5% on the news, widely circulated on Twitter and other popular social media websites.

CFO Profile of the Week

Rolling Out the Carpet

Darren Shapland joins Carpetright - again. The former FD has been appointed CEO after current CEO and founder Lord Harris decided it was time for him to go.

Click here for article.

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CFO Insight meets London

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Number of the Week

Rising pressure

In the wake of Greece's ongoing political uncertainty, the cost of five-year credit default swaps on Spanish government debt just hit a record high.

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