Why many top CFOs faced with cost cutting choose to lead by example: ‘It usually starts at home' [Fortune]
Haleon plc American Depositary Shares (Each representing two Ordinary Shares) (HLN)
Company Research
Source: Fortune
Bank, “Leading the return to growth,” is taking a closer look at how top finance professionals are juggling those responsibilities. The report's findings are based on a survey of 2,030 senior finance leaders—half of whom are CFOs—who work for a U.S. business that generates at least $100 million in annual revenue, while 30% of respondents work for a firm that generates at least $2 billion. Some 44% of respondents said they're focused on cutting costs in the finance function, with 37% focused on cutting costs company-wide. In working closely with CFO clients, Stephen Philipson, head of global markets and specialized finance at U.S. Bank, has found the finance function often leads by example on cutting costs. “When the CFO's team is directing the rest of the company, saying, ‘We need to watch expenses and cut costs,' it usually starts at home.” The trick is balancing that with investing in growth—and in new technology like AI to improve efficiencies—part of what Philipson referred
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HLN
Sec Filings
- 5/1/24 - Form 6-K
- 5/1/24 - Form 6-K
- 5/1/24 - Form 6-K
- HLN's page on the SEC website