Alphabet CFO restructures finance team; F Suite founding member talks growth
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Chicago transit system board's CFO turns strategy into execution
Kevin Bueso , CFO of the Regional Transportation Authority of Northeastern Illinois (RTA) , is now nearly a year and a half into the role. At this point, he is watching the strategies and goals he put in place when he came on board start to come to fruition.
“While I can’t go into specifics about our cybersecurity posture, I’m happy to share that we’re making significant investments in 2024 with implementation planned for Q3 in areas such as managed cybersecurity and managed data backup.”
OnlyFans CFO, F Suite founding member talks digital transformation, company growth, and know-your-customer protocols
OnlyFans CFO and The F Suite founding member Lee Taylor talks about his role in creating the finance function for the multi-billion dollar content creation platform. According to him, rapid growth has created a focus on building scalable finance functions that are scalable.
"Our growth was about scaling our operations, our know-your-customer (KYC), technology and safety, all at a level where we could encompass growth. Right now, we are working to go a bit further in our processes to ensure we are ahead of any [possible upcoming] regulatory requirements."
Alphabet CFO's internal memo reveals Google finance team restructuring, layoffs
A memo from Alphabet Inc. CFO Ruth Porat, originally obtained and reported by CNBC , reveals the parent company’s subsidiary Google is restructuring its finance organization due to a "tremendous platform shift with AI."
“As a company, this means we have the opportunity to make more helpful products for billions of users and provide faster solutions to our customers, but it also means we collectively have to make tough decisions, including how and where we work to align with our highest priority areas."
Private debt fund surpasses VC fundraising
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PitchBook 's 2023 global private debt report shows private debt funds rose 13.3% YoY. Investors in private debt funds, whose primary underlying assets are leveraged non-bank loans for businesses, fared extremely well according to the data.
A majority of Gen Z would take a job they don't like for the money
Two different recently published data sets from dcdx and Handshake show not only how Gen Z looks at their careers, but how it may impact accounting roles and the CFOs of tomorrow.
What do our readers think about GenAI hype?
We recently asked our Daily Balance subscribers (sign up here) : Based on your experience, how do you expect the hype around GenAI’s trajectory to change over the next 6-12 months?
These are the results:
Want more? Here's what we're reading:
This edition of Preferred Shares was created by reporter Adam Zaki .