Former U.S. Bank CFO dead in plane crash; Consumer spending during Q1 shrinks for first time since pandemic; Tariffs, volatility stoke G&A cost cut pressure, Bain exec says; Those return-to-office plans? CFOs aren’t all in.
Rising retirement rates contributed to growing turnover, with 54% of outgoing CFOs either retiring or moving exclusively to board positions, the firm said.
CEO Andy Cecere confirmed in a Monday memo to employees that Terry Dolan, the lender's chief administration officer who previously served as finance chief, died in a plane crash Saturday.
“Stockpiling ahead of potential tariff implementation on a wide range of consumer goods could lead to a pullback in goods spending later this year,” the Conference Board said.
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Amid rising pressures from tariffs, market volatility and the renewed threat of a slowdown, executives are once again doubling down on cutting general and administrative costs.
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