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CFOZone Experts

Opinions and views from expert CFOZone members.

Tag >> chief financial officer
Apr 15
2011

Bank of America names new CFO

Posted by Stephen Taub in chief risk officerchief financial officerCFOsCFOCareers/Management

Stephen Taub

Bank of America named Bruce Thompson chief financial officer. He replaces Chuck Noski, who will become vice chairman of the banking giant.

Thompson will succeed Noski as CFO by the end of the second quarter. 

Feb 17
2011

Ex-Freddie Mac CFO gets Wells Notice

Posted by Stephen Taub in Wells NoticeSecurities and Exchange CommissionSEC enforcementFreddie Maccompliancechief financial officerCFO resignationsCFO

Stephen Taub

The former chief financial officer of Freddie Mac will probably face civil charges for his role in the collapse of the mortgage giant.

Anthony Piszel abruptly resigned as CFO of CoreLogic, after receiving a Wells notice from the Securities and Exchange Commission staff in connection with certain disclosure matters during Piszel's tenure at Freddie Mac from November 2006 to September 2008.

Dec 10
2010

BREAKING NEWS: Three ex-finance execs of Vitesse charged

Posted by Stephen Taub in US Attorneystock optionsrevenue recognitionrestatementsfraudcompliancechief financial officerbackdating

Stephen Taub

The former chief financial officer and founder and former CEO of Vitesse Semiconductor were charged for their roles in an accounting and securities fraud scheme.

Louis Tomasetta, the co-founder and former CEO and former CFO and Executive Vice President Eugene Hovanec , were charged with securities fraud, making false entries in the books and records of a corporation, making false filings with the Securities and Exchange Commission and conspiracy for their roles in a scheme to manipulate Vitesse's reported financial statements, according to Preet Bharara, the United States Attorney for the Southern District of New York.

Dec 01
2010

CFOs must better communicate global risk management strategy

Posted by dbedell in risk mitigationrisk managementRiskcompliancechief financial officerCFO

dbedell

 

Although chief financial officers, risk managers, and other corporate executives recognize the importance of strategic risk management, many are as yet unable to put it into full practice and linking it effectively with overall corporate strategy is a still-elusive goal.

Oct 29
2010

CFOs: Cash flow is top concern

Posted by Stephen Taub in treasurersTD Bankcontrollerschief financial officercash flowCash

Stephen Taub

It's all about the cash flow.

The biggest concern among chief financial officers these days is cash flow. Not the economy, not jobs, not health care, not the elections.

Sep 15
2010

CFOs want quick ROI on IT spend

Posted by dbedell in working capitalSAPreturn on investmentinnovationdays' sales outstandingCIOschief financial officerCFOCashbiztechAT Kearney

dbedell

CFOs and CIOs have very different priorities when it comes to IT spend, and that dichotomy is not likely to change any time soon, even as IT budgets are starting to once again increase.

After being slashed to almost nil during the height of the crisis for many corporations across sector and size, IT budgets are beginning to rise.

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