2024's Risks, ADM CFO Placed On Leave, Yinzer Pride, and Economic Volatility
This week's Preferred Shares highlights: New surveys from FTI consulting and BDO; ADM's CFO is at the center of an SEC accounting investigation; and a conversation with the CFO of the Pittsburgh Botanic Garden.
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Inflation is Still the CFO's Top Concern for 2024
Reporter Adam Zaki ’s story on new research from FTI Consulting and CFO Dive highlights the risks CFOs are facing going into 2024. Remote work, financial forecasting, talent acquisition, and employee development in the midst of AI integration are all areas CFOs may choose to explore and make changes to this year.?
Other survey findings:
Read the full story here .
Internal Accounting Investigation Places CFO on Leave
Managing director Andy S. Burt 's story on Vikram Luthar ’s imposed administrative leave following an internal accounting investigation examines ADM 's leadership changes.
In an SEC 8-K filing , ADM disclosed the leadership change, stating the following:
“Mr. Luthar’s leave is pending an ongoing investigation being conducted by outside counsel for the company and the Board’s audit committee regarding certain accounting practices and procedures with respect to the company’s nutrition reporting segment, including as related to certain intersegment transactions.”
Read the full story here .
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Developing Career Growth, Giving Back, and Preserving "Yinzer" Pride
Adam Zaki 's interview with Pittsburgh Botanic Garden ’s CFO Bob Mermelstein talks about his role as a nonprofit CFO, his ideas around remote work, how to create a succession plan, and his passion for making his hometown a more beautiful, welcoming place.
“This is a blue-collar-built town. The origins of this place are people who came from steel mills and coal mines, who worked hard to develop a community and a life for their families for generations. That has become ingrained in the fiber of this city. It’s evident in the way we show passion for our sports teams, especially the Steelers. I enjoy that about this town. When you travel to any event, any city around the country, you know when there’s a Pittsburgher in the room.”
Read the full story here .
Economic Volatility is Greatest Risk for 4 out 10 CFOs
Vincent G. Ryan 's story on BDO data, which was provided exclusively to CFO , on Tuesday highlights what many leaders worry about most this year, and their desire to optimize things like workforce cost and technology integration.
立信 's CEO Wayne Berson provides an exclusive take on how CFOs should overcome economic volatility, deal with pressure, and implement new technologies like AI.
“Our feeling is middle market companies should be treating AI just like any other new technology. That is, determining the business case and focusing on the value versus “rushing to adopt the technology out of fear of missing out. The strategy should drive the ultimate decision on where to innovate as a method to achieve goals."
Read the full story here .
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