CFOs, Tax Leaders Look to Revamp Data in AI Age, EY Leader Says
CFOs and tax leaders are confronting new reporting mandates such as Pillar 2, which require unprecedented volumes of tax data. The pressure is prompting executives to secure budgets for modern data architectures, including data lakes and hubs, to break down long‑standing silos. EY reports that 86% of finance and tax heads now rank AI, technology, and data as top priorities, yet many still lack sustainable execution plans. Success hinges on redesigning processes so AI can reduce review layers and deliver real cost savings.
Firms Plan to Boost Supply-Chain Agility as Tariff Turmoil Persists
U.S. Supreme Court invalidated sweeping tariffs imposed under the 1977 IEEPA, reigniting policy uncertainty for import‑heavy firms. A KPMG survey finds that 40% of U.S. companies will increase spending on supply‑chain agility, while nearly half are already modeling tariff‑mitigation strategies...
Peloton Names CAO to Interim CFO Seat
Peloton Interactive appointed its chief accounting officer, Saqib Baig, as interim chief financial officer effective March 27, after finance chief Liz Coddington departed for a senior role at Palmetto. Baig, who has overseen Peloton’s commercial finance since August and previously held senior finance...
CEOs Aim to Boost Capital Spending, Expect Strong Future Sales: Survey
The Business Roundtable’s March survey shows CEO optimism climbing to an index of 89, well above its 83‑point historic average. Executives at the nation’s largest firms expect stronger sales and plan to increase capital expenditures over the next six months,...
Navan Shareholder Suit Alleges Materially Misleading IPO Documents
Navan, a travel‑booking platform that raised $6.2 billion in its fall 2025 IPO, has seen its stock tumble nearly 60% amid earnings disappointments and executive turnover. A proposed class‑action filed in February accuses Navan and its senior officers of filing a...
CHG-Meridian CFO: Building a Data-First Company Culture
CHG‑Meridian CFO Ulrich Bergmann says the finance function must become data‑first, emphasizing governance, quality, and a unified data structure. He highlights using Microsoft Fabric for dynamic, scenario‑based forecasting and deploying data experts in each of the company’s 32 countries. The...
EY Doubles CPA Exam Bonus to $10,000
Ernst & Young has doubled its CPA‑exam incentive, raising the early‑career bonus to $10,000 for staff who clear all four exam parts within their first year. The change replaces a $5,000 award and is a flagship element of EY’s three‑year, $1 billion...
Nissan CFO to Depart Amid Turnaround Challenges
Nissan announced that CFO Jérémie Papin will step down after just over a year, citing personal reasons, and that long‑time Nissan alum George Leondis will assume the finance chief role on April 1. The change comes as the automaker pushes its Re:Nissan...
Instant Pay Can Boost Low-Income Workers’ Savings Habits, Report Finds
A new study by KAIST and George Washington University finds that modest, consistent use of earned‑wage access (EWA) lifts low‑income workers' savings frequency by 3.7%, boosts financial‑dashboard monitoring by 12%, and raises goal‑setting by 1.3%. The research, based on transaction...
Exit Interview: Marriott CFO Leeny Oberg Reflects on Decades-Long Career
Marriott International CFO Leeny Oberg is retiring after 26 years, including a decade in the finance chief role. She oversaw the 2016 Starwood acquisition that birthed the Marriott Bonvoy loyalty program and guided the company through the COVID‑19 crisis. Oberg...
Costco to Flow Tariff Refunds, ‘if and when Received,’ Back to Customers
Costco CEO Ron Vachris announced that any tariff refunds resulting from the Supreme Court's invalidation of Trump-era IEEPA duties will be passed to members via lower prices and better value. The court decision forced Customs to liquidate pending entries, creating...
For some CFOs, AI-Driven Productivity Feels Like AI-Risk Exposure
Artificial intelligence has moved from pilot projects to core finance processes, speeding close cycles, automating reconciliations, and refreshing dashboards in real time. This acceleration creates a mismatch: traditional governance operates on periodic reviews while financial activity now unfolds continuously. CFOs...
LinkedIn CFO Jumps to Atlassian
James Chuong, who has served nearly five years as LinkedIn’s chief financial officer, will become Atlassian’s CFO on March 30. His compensation package includes a $600,000 base salary, a 75% target bonus, a $22 million RSU grant and a $2 million signing...
Home Depot Alum Takes YETI CFO Seat
YETI Holdings announced that Scott Bomar, a two‑decade Home Depot finance veteran, will assume the CFO role on Feb. 23, also serving as treasurer and principal accounting officer. Bomar’s compensation package includes a $725,000 base salary, a $500,000 sign‑on bonus and significant...
Generative AI Reduces M&A Costs by 20%, McKinsey Says
McKinsey reports that generative AI has slashed M&A costs by roughly 20% and accelerated deal timelines by 10% to 30%. The technology enables faster target identification, due diligence, and integration, especially amid geopolitical and supply‑chain disruptions. Bain finds one in...