CFO-CEO pay ratio; DUDE CFO Q&A; AI's deflating hype in finance
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Highest-paid Fortune 500 CEOs make over $3 for every dollar their CFO makes
In our most recent story stemming from original research done by David McCann , the highest-paid CEOs and CFOs on the Fortune 500 in 2023 had varying levels of compensation ratios between one another.
However, some CFOs, like Intuit 's former CFO Michelle Clatterbuck , saw compensation ratio differences of over 17:1 between the CEO Sasan Goodarzi and herself; the largest ratio we found.
A Q&A with the chief financial dude of DUDE Products
Jeffrey Klimkowski , CFO and co-founder of DUDE Wipes , got the entrepreneurial itch in what he calls his "post-college purgatory" days. After he and his friends came up with the idea of marketing baby wipes to men, he eventually quit his job at 德意志银行 as an investment banker to help take the business to the next level.
Since then, the company has appeared on Shark Tank, achieved profitability, launched new products and participated in massive advertising campaigns that have all rolled up to a projection of half a billion dollars of revenue by 2030.
"As we’ve grown, Mark Cuban has become even more involved. He’s a great mentor and business advisor to us and has always been someone we can present ideas or solutions to challenges. He is someone we can bounce ideas of all types off of. He’s become an advisor to us as founders and has been incredibly helpful in our scaling processes. We don’t have a board or anything like that; it’s just us. So having someone like Mark in our corner has been invaluable to us as an organization."
AI's hype within finance continues to diminish
According to new data from FloQast , CFOs and accountants are neither excited nor worried about AI's current impact on their financial transformations and overall workflows. Although there's lots of interest from finance leaders on how these types of technology can be impactful, its current use case is still largely in question.
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The state of Santander's US-based auto-lending business
Santander Consumer USA 's CFO Erik Laney discusses how he worked purposefully through leadership roles in various finance disciplines during his decade-long hike to his current position. Now, as the automotive lending market continues to fluctuate, he shares his insight.
"It’s been a very different market environment over the last four years since the COVID-19 pandemic, and production is still trying to catch up to consumer demand. So we’re seeing continued elevated car prices, while interest rates are also higher."
June's earnings insights from CFOs
Throughout June, finance chiefs from Kroger , Dollar Tree Stores , lululemon and Aurora Cannabis Inc. had interesting things to say.
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