CFO Insider is a daily newsletter from Business Insider that delivers the top news and commentary for chief financial officers and other finance experts.
4 ways CIOs can speak better CFO (CIO.com)
Chief Information Officers can better achieve their need for hardware, upgrades, and better tools if they understand how to approach their CFO and speak their language.
Darren Schoen, director of technology infrastructure at the Broward Center for the Performing Arts, shares his best relationship-building tips with CIO.com.
Schoen suggests you deliver multiple options to the CFO, justify every dollar you want to spend, avoid being technical with your requests, and ultimately let the CFO choose which option to accept.
Tech startup Weebly hires former Google executive Kim Jabal as its first CFO (Business Insider)
Weebly raised $US35 million in April 2014 and is now valued at $US455 million. The company has been cash positive since 2009 and has yet to reinvest the money raised from its series C funding round.
The company on Friday announced the assignment of Kim Jabal as its first CFO.
Jabal recently served as the CFO of mobile-only social network Path. She was previously the CFO of Lytro and served in several director of finance positions at Google.
Investors want more from sustainability reporting and it’s fatiguing companies (Wall Street Journal)
While more S&P 500 companies are producing sustainability reports, up by 20% since 2011, investors are still not happy with the reports they are receiving.
“Investors who want to use the information say the information they are getting is often difficult to compare between companies and tough to incorporate into forecasts,” The Wall Street Journal reports.
The report says companies are not giving investors the information they most want, which is “leading many institutional investors to send companies lengthy sustainability questionnaires leading to ‘questionnaire fatigue’ in corporate investor relations departments,” Mary Schapiro, the former Securities and Exchange Commission Chairman, tells The Journal.
Macy’s CFO reveals 4 reasons the company blew it last quarter (Business Insider)
Macy’s missed its sales targets and traffic slowed in the quarter leading up to the holiday shopping season.
The company has cut its annual profit forecast after posting a 5.2% decline with same-store sales taking a 3.9% hit.
“We had a very tough quarter, and we are clearly disappointed,” Macy’s CEO Terry Lundgren said on an earnings call.
CFO Karen Hoguet said the company was hurt by weak interest in the company’s fall apparel due to warm weather. Hoguet also revealed that tourists are not spending as much money and international stores are among Macy’s most profitable locations.
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