Welcome to CFO Briefing, a newsletter dedicated to corporate finance and what leaders need to know. This week features an interview with Mars Inc.’s CFO. First, a report on the growing trend of appointing interim financial chiefs. Lots of interims With succession plans getting disrupted by unexpected departures and delayed by prolonged executive searches, companies are naming interim chief financi...
Welcome to CFO Briefing, a newsletter dedicated to corporate finance and what leaders need to know. This week features an interview with Mars Inc.’s CFO. First, a report on the growing trend of appointing interim financial chiefs. Lots of interims With succession plans getting disrupted by unexpected departures and delayed by prolonged executive searches, companies are naming interim chief financial officers at a rising rate. Interim CFOs accounted for 12% of new finance chief appointments in the first quarter, double the level from a year earlier, according to a new report from Russell Reynolds Associates . The increase points to a more volatile and competitive market for finance chiefs, in which companies have to “manage leadership transitions, benchmark internal and external candidates, and take the time to find the right long-term fit,” said Russell Reynolds’ Jim Lawson , who co-leads the advisory firm’s global financial officers practice. The trend is also driving up demand — and pay — for seasoned finance talent who can quickly stabilize organizations and reassure investors. Read More: Finance Chief Pay Surges as Job Security Declines Corporate boards and chief executive officers are prioritizing finance leaders who can step in with “credibility, manage uncertainty and take on a larger share of investor-facing responsibilities from day one,” according to the Russell Reynolds report. That’s contributing to an increase in external hires. Almost half of newly appointed CFOs globally in the first quarter came from outside the company, the highest first-quarter share on record, the search firm said. Elevated CEO turnover is also fueling the trend, as incoming chief executives often move quickly to install their own finance leaders. And boards are often casting wider nets to test internal candidates against outside talent, especially when public-company or investor-relations experience is lacking. The share of newly appointed CFOs in the first quarter who had prior ...
Heading to the gas station has gotten a lot more painful over the last few months, with the current national average sitting at $4.459 per gallon, up from $3.174 a year ago, according to the American Automobile Association. These higher prices aren't likely to end anytime soon, forcing many Americans to make some uncomfortable financial choices. There could be a small silver lining in there for se...
Heading to the gas station has gotten a lot more painful over the last few months, with the current national average sitting at $4.459 per gallon, up from $3.174 a year ago, according to the American Automobile Association. These higher prices aren't likely to end anytime soon, forcing many Americans to make some uncomfortable financial choices. There could be a small silver lining in there for seniors on Social Security, though. Here's how higher prices at the pump could lead to more Social Security benefits for you in 2027. Image source: Getty Images. Continue reading
On May 15, 2026, Exome Asset Management reported selling out of Wave Life Sciences (NASDAQ:WVE) , liquidating 421,488 shares in an estimated $5.49 million trade based on quarterly average pricing. According to an SEC filing dated May 15, 2026, Exome Asset Management sold its entire stake of 421,488 shares in Wave Life Sciences. The estimated value of the transaction is $5.49 million, calculated us...
On May 15, 2026, Exome Asset Management reported selling out of Wave Life Sciences (NASDAQ:WVE) , liquidating 421,488 shares in an estimated $5.49 million trade based on quarterly average pricing. According to an SEC filing dated May 15, 2026, Exome Asset Management sold its entire stake of 421,488 shares in Wave Life Sciences. The estimated value of the transaction is $5.49 million, calculated using the average closing price during the first quarter of 2026. The quarter-end value of Exome’s position in the company dropped by $7.17 million, a figure that includes both trading activity and price fluctuations. Wave Life Sciences is a clinical-stage biotechnology company specializing in the design and development of stereopure oligonucleotide therapeutics. It leverages its proprietary PRISM platform and strategic partnerships to advance a diversified pipeline targeting neurological and hepatic indications. The company’s focus on precision genetic medicines positions it to address unmet medical needs in rare and complex diseases, supported by collaborations with leading global pharmaceutical and academic partners. Continue reading
A family of four from Massachusetts were killed when a bus crashed into multiple vehicles in Virginia as they were travelling to a wedding. The family wedding will go forward on Sunday in South Carolina but it also will be a time to mourn the loss of Dmitri and Ecaterina Doncev and their two children, Emily and Mark, a relative said Saturday. “A son, a father – the whole family – everyone that has...
A family of four from Massachusetts were killed when a bus crashed into multiple vehicles in Virginia as they were travelling to a wedding. The family wedding will go forward on Sunday in South Carolina but it also will be a time to mourn the loss of Dmitri and Ecaterina Doncev and their two children, Emily and Mark, a relative said Saturday. “A son, a father – the whole family – everyone that has been dear to us,” Carolina Bublik said. The Doncevs were killed when a coach caused a...
The New Yorker Thinks Patriotism Is "Problematic" In a meandering essay name dropping every dress-to-impress academic figure from Voltaire to Alexis de Tocqueville to Howard Zinn, The New Yorker has set out on a quest to explain how the progressive left can essentially despise the country they live in the name of social justice, while also adopting the perks of "patriotism" so they can own the Chu...
The New Yorker Thinks Patriotism Is "Problematic" In a meandering essay name dropping every dress-to-impress academic figure from Voltaire to Alexis de Tocqueville to Howard Zinn, The New Yorker has set out on a quest to explain how the progressive left can essentially despise the country they live in the name of social justice, while also adopting the perks of "patriotism" so they can own the Chuds. The publication throws around some curious stats and asserts that patriotism is on the decline because, as they argue, patriotism today requires people to be blind to the injustices of the past. They note: "...We seem to be in a down moment. A Gallup poll found that, in the past dozen years, the percentage of people in the U.S. who say that they’re “extremely proud to be American” has plunged by sixteen points. A recent Harris poll noted that roughly four in ten Americans have considered relocating outside the country, with younger Americans even more inclined..." "Last May, Newsweek published an article with the melancholy headline “Why Dual Citizenship Is the New American Dream.” Some commentators ascribe this to financial prudence, but the trend dates back at least to 2016 and the election of Donald Trump..." Trump, the ever present and useful bogeyman, is obviously to blame. The New Yorker, of course, glosses over the fact that the majority of the people who feel "less patriotic" in that Gallup poll are Democrats who are highly indoctrinated by establishment media to obsess over "historical injustices." The outlet applauds the decline, in a way. It's rooted in the same old DEI and 1619 Project talking points that the woke media has been peddling for over a decade. "Patriotism just isn’t cool anymore. Wokeness, having rightly called attention to racial and gender injustices long endemic to American life, helped chill the left’s admiration for the nation..." "Ours is a complicated history, made more tortuous by race. Some five hundred Indigenous nations lived here bef...
Key PointsRibbit bought 22,725 MercadoLibre shares in the first quarter; the estimated trade size was $43.84 million based on average quarterly pricing.
Key PointsRibbit bought 22,725 MercadoLibre shares in the first quarter; the estimated trade size was $43.84 million based on average quarterly pricing.
Meta Platforms Inc is expanding beyond its advertising roots by introducing paid subscriptions across Instagram, Facebook, WhatsApp, and Meta AI as the company looks to unlock new AI-driven revenue streams and deepen monetization of its massive global user base. Meta...
Meta Platforms Inc is expanding beyond its advertising roots by introducing paid subscriptions across Instagram, Facebook, WhatsApp, and Meta AI as the company looks to unlock new AI-driven revenue streams and deepen monetization of its massive global user base. Meta...