CFO Insider is a weekly newsletter from Business Insider that delivers the top news and commentary for chief financial officers and other finance experts.
At many big companies, new blood refreshes finance teams (The Wall Street Journal)
According to an analysis by The Wall Street Journal, about a quarter of companies in the S&P 100 announced this year that they were bringing in a new finance chief or the current one was departing. Included among them are Google, Walmart, Comcast, and Disney. “I’ve never seen so much volatility,” Peter Crist, chairman of executive search firm CristKolder Associates, told The Journal. An increase in mergers and acquisitions, as well as several retirements, may be behind the high volume of executive shake-ups in 2015.
Yahoo’s popular finance tool has users revolting (Business Insider)
Yahoo has been making changes to its popular finance tool, and users have complained of missing message boards, slow load times, formatting errors, and requirements to execute more commands, Business Insider’s Jonathan Marino reports. “Yahoo Finance is continually developing and testing new product concepts in order to offer the best experience for users and advertisers,” a Yahoo spokeswoman said. The mostly negative user response comes at a difficult time for Yahoo, which recently abandoned plans to spin off its stake in Alibaba and is now weighing spinning out its core internet business.
UPS is something of a bell weather for the economy, writes Matt Turner on Business Insider, which is why UPS CEO David Abney’s outlook on America’s two-speed economy is telling. Abney told CNBC on Tuesday that bolstered consumer spending has not yet driven an increase in manufacturing, but he’s hopeful we may start seeing change early next year.
Lingerie startup Adore Me has an enticing offer for those who quit the company, Bloomberg reports, and it comes in the form of $10,000 checks. “We would do it for anyone that has put in a lot of hard work and effort at Adore Me,” CEO Morgan Hermand-Waiche said to Bloomberg. “It’s great for someone inside the company. It makes them more willing to stay.”
The CEO of Soul Cycle shares the interview questions she asks every job candidate (The New York Times)
During a recent conversation with Adam Bryant of The New York Times, Melanie Whelan, CEO of the New York-based fitness company SoulCycle, explained how she hires. To warm the candidate up, she first asks about their background and pays attention to the way they communicate and how they frame transitions. Next, she asks about a project they were involved in and listens for the impact they had. Finally, she asks if they have questions for her, which can reveal how well they have prepared and how intellectually curious they are.
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