Articles about Cfo

Time Warner CFO Artie Minson quits to join babble-filled upstart

Time Warner Cable's chief financial officer, Arthur Minson, is stepping down just a few days after after Charter Communications agreed to merge with his employers for $78.7bn in cash and shares. "Artie" Minson will join WeWork, a start-up platform which describes itself as "the platform for creators. We provide everything you …
Uber launch party by https://www.flickr.com/photos/5chw4r7z/ CC2.0 sharelalike attribution https://creativecommons.org/licenses/by-sa/2.0/

Why does Uber keep its drivers' pay so low? Ex-CFO: 'Cos we can'

In an interview on Sunday's episode of Wall Street Week, Mike Novogratz, principal and director of investment firm Fortress Investments, who was speaking about corporate greed and income inequality, explained his thoughts with an anecdote about former Uber CFO Brent Callinicos. Callinicos, who had previously been a bean-counter …
Google's Mountain View Headquarters

Google nabs Morgan Stanley CFO to replace Patrick Pichette

Google have announced that Ruth Porat, currently Chief Financial Officer at Morgan Stanley, will be joining the Mountain View management team as CFO. Current CFO Patrick Pichette announced his retirement to go backpacking earlier this month. Google stated that he would be staying on board to "ensure an orderly transition, which …
Uber surge pricing during Sydney seige

Cab for Callinicos! Uber's CFO moves on after just two years

Brent Callinicos is to step down as CFO of Uber after two years at the ride-sharing company in order to spend more time with his family. In an email published by the WSJ, CEO Travis Kalanick offered a laudatory eulogy dressed up as a HR memo for investors: "Almost two years ago, I brought on one of the great financial …

Cloud storage upstart boasts of swollen biz, hires the CFO who sold Archivas

Comment Cloud storage gateway startup Nasuni reports that it experienced 300 per cent growth in 2014* and has just recruited a CFO who helped sell the founder's previous company – Archivas – to HDS for $127m in 2007. Nasuni has recruited Scott Dussault to be its combined CFO and COO, saying he's experienced at scaling a company for fast …
Chris Mellor, 29 Jan 2015
Google logo

Google dangles $70m before new CFO to lure her from Wall Street

It took a $70m golden hello to entice Ruth Porat – Google's new chief financial officer – away from her role at Morgan Stanley. According to a filing with the US Securities and Exchange Commission, the material terms of Ruth Porat's offer letter included not only an annual base salary of $650,000, but also a set of three grants …
ISE componentry

X-IO X-CFO X-Forwarded-For more time with her family

Sealed-box-of-storage-tricks supplier X-IO has lost its chief accounting financial officer. Carole Gottlieb has decided to resign after being head bean-counter since Ed Welsh went in June 2014. X-IO spokesperson Bill Miller told us: "Carole will be leaving X-IO. She has invested an exemplary level of effort and commitment to …
Chris Mellor, 08 Apr 2015
Beans

David Goulden tosses away CFO cap, holds onto EMC II CEO crown

+Comment EMC Info Infrastructure boss David Goulden has given up the role of CFO for the whole EMC federation, belatedly discovering what most of us know already — being a chief exec is a full-time job. EMC uber-CEO Joe Tucci runs the EMC fed with three subsidiaries: VMware with CEO Pat Gelsinger; Pivotal with Paul Maritz running the …
Chris Mellor, 02 Oct 2014

HP says it will sue former Autonomy CFO Sushovan Hussein

HP has confirmed that it plans to sue Sushovan Hussain, the former chief financial officer of data analytics software firm Autonomy, whom HP claims "was one of the chief architects of the massive fraud" that forced HP to write down $8.8bn of the $10.2bn it paid to acquire Autonomy in 2011. In documents [PDF] filed with the US …
Neil McAllister, 04 Aug 2014
Photo of a vintage analog modem with an acoustic coupler

NBN Co pulls in new CTO, CFO

NBN Co, which has completed its executive makeover, with a new CTO and CFO, is embroiled in a revival of an old debate: whether “up to” descriptions of broadband speeds are permissible in consumer law. Fuelling conspiracy theories about the NBN is the appointment of News Limited veteran Stephen Rue as CFO, while far less …
Measuring up Apple

Apple CFO's departure signals changing of guard

Apple will soon find itself having to replace the man who oversaw the company's finances through its most prosperous years. Peter Oppenheimer has announced his intent to step down from the company by September, vacating his role as Chief Financial Officer to Luca Maestri and riding off into the sunset to take a board position at …
Shaun Nichols, 05 Mar 2014
Red Hat Enterprise Linux

Red Hat CFO reaches for eject cord after Street-beating performance

Red Hat chief financial officer Charlie Peters announced on Wednesday that he's stepping down from the company, even as it reported another quarter of strong earnings that beat even its own guidance. The Linux kingpin reported $455.9m in total revenues for the third quarter of its fiscal 2015, which outperformed Wall Street's …
Neil McAllister, 19 Dec 2014
Terror at 20,000 feet

'Everywhere I look ... it's bad': HP claims email shows Autonomy CFO panic, pre-buyout

In the latest court filing in HP's rancorous legal squabble with former Autonomy execs, the tech giant has revealed what it describes as a damning email from ex-Autonomy CFO Sushovan Hussain, prompting a spokesperson for the latter to again accuse HP of "smear tactics." HP is seeking to settle a lawsuit brought by its own …
Neil McAllister, 06 Sep 2014
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Former Cisco money chief cash-lands at Red Hat

Cisco’s departed financial chief Frank Calderoni has landed as CFO and operations chief at Linux distro kingpin Red Hat. Calderoni was the network giant’s CFO for seven years and managed the company through growth, acquisitions, layoffs and restructuring. He replaces Red Hat’s CFO Charlie Peters, who is retiring. During his …
Gavin Clarke, 23 Jun 2015
The Register breaking news

Yahoo! boss! boots! out! CFO! and! Google! kisses! up! for! future! search! deal!

It's easy for Google chairman Eric Schmidt to be playful about a future search deal with Yahoo! now that ex-Chocolate Factory Golden Girl Marissa Mayer is at the helm of the Purple Palace. Schmidt apparently hinted at just such a search pact on Tuesday. At present, Yahoo!'s search is powered by Microsoft's Bing – but there's …
Kelly Fiveash, 26 Sep 2012
The Register breaking news

CFO Seifert finds AMD's executive exit door, walks through it

The personnel changes in AMD's executive suites continue with the resignation of the company's CFO, Thomas Seifert, on Monday. "Seifert's departure is not based on any disagreement over the company's accounting principles or practices, or financial statement disclosures," the company assured investors in a statement announcing …
Rik Myslewski, 17 Sep 2012
Making conversation Google Glass style

Google's chief finance officer quits to go backpacking

Google's chief finance officer Patrick Pichette has quit his job to go backpacking. In a filing to the Securities and Exchange Commission yesterday, Google said Pichette, who is 52, had told the company he will retire. "The effective date of his retirement has not yet been determined," it said. "Patrick indicated that he …
Kat Hall, 11 Mar 2015
Huawei HQ

Huawei claims 30 per cent growth for H1 2015/16

Huawei's core smartphone and network infrastructure units have driven the Chinese behemoth's revenue past $28bn for the first half of financial year 2015-2016. In a result that will chill the likes of Cisco, Nokia/Alcatel-Lucent and Ericsson, the company's revenues hopped on an elevator to grow 30 per cent year-on-year, and …
The Register breaking news

Apple denies reported plan to deep-six CFO Oppenheimer

Apple has reportedly been fishing around for a new chief finance officer, even though the iPhone and Mac vendor has strongly denied it is mulling a replacement for its current top bean counter. According to Bloomberg, which cites sources familiar with the situation, Apple asked Blackstone Group's finance boss Laurence Tosi to …
Kelly Fiveash, 07 Jan 2011
The Register breaking news

Zynga CFO cuts out the middleman and moves to Facebook

Sinking ship Zynga has lost yet another senior executive, as chief financial officer Dave Wehner abandons the firm for a glittering career at Facebook. Zynga said that Wehner had resigned for a "senior finance position" at the social network that more or less provides Zynga's revenues. "Dave remains a good friend to us all and …

UK NHS IT supplier CSC coughs up $190m fine, three execs in the dock

Computer Science Corporation has paid its $190m (£122m) fine, levied by US watchdog the Securities and Exchange Commission over charges the Virginia-headquartered biz fudged its financial reports. And now some senior executives have agreed to hand back millions of dollars in pay and bonuses as a result of the SEC's probings. …
Iain Thomson, 05 Jun 2015
Fluffy grey ragdoll cat relaxes next to laptop.

Distribution of cream among EMC executive fat cats revealed

Fancy finding out how much EMC fat cats earn? Read on. Total compensation – meaning share options, salary and bonuses – for the top execs at EMC Information Infrastructure (EMC II) in 2014 looked like this: Joe Tucci (EMC Chairman & CEO) – $11,203,318 David Goulden (EMC II CEO) – $10,531,257 Howard Elias (President & COO …
Chris Mellor, 23 Mar 2015
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Microsoft licensing house Crayon buys into US tech market

European Microsoft licensing solutions partner Crayon Group is setting up shop in the US after subsuming Software Wholesale International. SWI is a volume licensing reseller and carries the Microsoft Gold Partner badge for software asset management and one for cloud services, so operates in the same areas as its new parent. …
Paul Kunert, 17 Jul 2015
management strategy3

CFO warns IBM's 'underperforming' storage crew: We'll take 'substantial action'

Analysis IBM's first quarter 2013 results were disappointing, and if you're in storage and servers at Big Blue, it appears the numbers guys are focusing on some of your product lines. In the earnings call, CFO Mark Loughridge said: "There are parts of our business that are in transition or have been under-performing like elements of our …
Chris Mellor, 23 Apr 2013

New X-IO boss Miller saddles him up a new sales posse

Get a load of this; just days into his job as X-IO’s latest CEO Bill Miller has hired five execs to to shake up its sales operations. We have; Mark Zeller, VP North American Sales, and ex-Regional Vice President, US West for EMC Steve Ashurst, General Manager GM EMEA and ex-Business Development Manager at Sepaton John …
Chris Mellor, 10 Jul 2015
DirecTV

AT&T takes issue with Netflix on DirecTV gobble

AT&T has fired a fresh salvo in its exchange with Netflix over the proposed acquisition of DirecTV. The US telecoms giant issued a filing with the FCC disputing the claims made by Netflix that its would-be merger is an antitrust concern. "Before it began pressing for deal conditions in support of its own business agenda, …
Shaun Nichols, 08 May 2015
Wall of Spam. Pic: freezelight

Delphix hires anti-PR bloke Silicon Valley Watcher as head of PR

Gearing up for an IPO, copy data virtualiser startup Delphix has hired veteran blogger Tom Foremski as its communications editor, a CFO and corporate comms head. Delphix categorises its software as providing data-as-a-service (DaaS) and it makes production data available to test and dev', as well as other purposes without the …
Chris Mellor, 11 May 2015
Stanley Kubrick's The Shining

Yahoo! reverses! reversal! FLIPS! profit! into! loss!

Yahoo! has reported a $22m loss for its second quarter, as CEO Marissa Mayer tries to buy market share off Google and Facebook. For the same period last year, the ad business booked a $270m profit, so the quarter represents a slump of nearly $300m. The loss, which Reuters briefly described as a “lower-than-expected profit” …

Senior execs at NTT Com Security quit, but not with immediate effect

Top brass at NTT Com Security are hot footing it out of the organisation at the end of next month, the company confirmed today. CEO Simon Church, formerly COO at reseller Integralis (which NTT acquired in 2009 to form the backbone of its security ops), and chief beanie Heiner Luntz, have quit. Climbing into the chief exec’s …
Paul Kunert, 23 Jun 2015

Tech talent scout Braund scouted by troubled Coms Plc

Financially challenged B2B connectivity and voice provider Coms Plc has poached tech recruitment veteran Mark Braund to take control of the ship, following a messy divorce with his predecessor. Braund was a former EMEA director of SME at IBM in the 1980s, but for nearly the last thirty years has worked in senior positions at …
Paul Kunert, 14 Jul 2015
Dial before you dig

Telstra CEO David Thodey retires

The CEO of Australia's dominant telco, Telstra, will step down in May. David Thodey's spent six years in the carrier's big chair, but has "announced his retirement" according to Telstra's canned statement on the matter. That statement also points out that Telstra's market cap and share price have just about doubled during …
Simon Sharwood, 19 Feb 2015
Cisco CEO John Chambers speaking at Cisco Live! 2014

Cisco ends Q1 an inch ahead of guidance

Cisco has farewelled its chief financial officer after announcing results that showed a still-beating heart somewhere in the giant switch market. Net income for the Borg's first quarter was reported at US$1.8 billion, on revenue of $12.2 billion, about US$40 million ahead of Wall Street's expectations. The company also announced …
Flying pig

NBN Co numbers suggest FTTP build could be done for close to Labor's budget

The real cost of completing Australia's National Broadband Network (NBN) in its originally-planned fibre-to-the-premises configuration may well have been close to the $AU43 billion first budgeted, according to data presented by NBN Co's CEO and CFO to a Senate Estimates hearing. Yesterday, CEO Bill Morrow and CFO Stephen Rue …
willy wonka oompa loompa

Peak Google? Chocolate Factory cuts costs amid dwindling growth

Google is curbing staff recruitment and introducing a number of penny-pinching efficiency practices to try and gets its profit growth back on track, according to reports. A number of recruiters, venture capitalists and employees told the Wall Street Journal the Chocolate Factory is casting an increasingly critical eye over its …
Kat Hall, 14 Jul 2015
Blood image

Ericsson unplugs 2,200 more staff

Ericsson's move to focus on software is to hit another 2,200 jobs in Sweden, the telco vendor has announced. The cuts focus on roles in R&D and supply, the company's statement says, but admin and sales roles will also be affected, along with external consultants. The vendor says R&D remains important, but reducing the number of …
Files in manager's desk drawers: manila folder marked "Redundancies". Image via shutterstock

HP Enterprise Services staff jog on, waving fat redundo cheque

HP has waved goodbye to a bunch of Enterprise Services staffers across Europe as it edges closer to the end of a multi-year job culling exercise and the big corporate split. Some 55,000 employees will have left the grand old lady of tech by the end of October when the programme – launched in 2012 – crosses the finishing line. …
Paul Kunert, 12 May 2015

Overland Storage becomes part of Sphere3D

Overland Storage is merging with Sphere 3D; two loss-making companies hoping to come good by coming together. Overland has become a wholly-owned subsidiary of Canadian Sphere 3D, and Sphere 3D Corporation will trade on Nasdaq. Both boards approved the deal as did Overland's shareholders; 99 per cent of the shares were voted in …
Chris Mellor, 05 Dec 2014
Lord Tywin Lannister

John Fowler survives latest chapter of Oracle's Game of Thrones

The confusion over whether John Fowler will remain at Oracle, now that incomer David Donatelli has an executive vice-president role that includes Fowler's responsibilities, is over. Fowler is staying. Oracle spokesperson Deborah Hellinger has told The Reg "with John's continued focus on engineering and with the addition of Dave …
Chris Mellor, 19 Jun 2015

Cash-happy Quantum is poised to enter the HPC market

Quantum's confirmed fourth quarter and full fiscal 2015 results were better than the prelim numbers, with full year net income the highest in more than five years, and it's aiming to move into high-performance computing storage. Q4 revenues were $147.8m (the preliminary figure was $145m) with net income of $12.9m (prelim: $12m …
Chris Mellor, 07 May 2015
Giant burger

Rigby Private Equity stuffs its face with a slice of Wick Hill

Security and storage value-added distributor Wick Hill is the first piece of channel real estate that Rigby Private Equity has invested in, with the proceeds to be used to fund wider expansion in mainland Europe. As The Channel exclusively revealed last week, the Midlands-based tech dynasty has incorporated a private equity …
Paul Kunert, 06 Jul 2015
management social5

Daisy Group seals Phoenix IT Group buy, exec set for exit

Some execs at LSE-listed Phoenix IT Group are edging toward the exit, El Chan can reveal, after the proposed takeover by Daisy Group today got the official rubber stamp. The approach from privately owned Daisy came in May when it offered 160 pence per share for Phoenix in a transaction that valued the equity at £135m. The …
Paul Kunert, 16 Jul 2015
A large hand flicks an icon of a little red man. Image via shutterstock (Lasse Kristensen)

Cisco CEO: Let's toss more execs on the employment bonfire

Another bunch of old timers are being swept out of Cisco by incoming CEO Chuck Robbins as he names his new look exec team - which isn’t really that new at all. The current veep of worldwide sales is saying bye to chief globalisation officer Wim Elfrink, chief strategy and tech officer Padmasree Warrior, and Edzard Overbeek, the …
Paul Kunert, 05 Jun 2015

SPLITTERS! Symantec cleft in twain

The reports have been confirmed: Symantec CEO Michael Brown will split the unwieldy business into separate security and information management concerns, thus undoing the 2004 Veritas acquisition. Brown has moved quickly after his confirmation in the role to lift the cleaver. The San Andreas-style fault running through the heart …
Chris Mellor, 10 Oct 2014
Bread line

Latest in long line of wannabes steps up to helm X-IO

Analysis X-IO has just replaced its ninth CEO with its tenth, exec chairman Bill Miller. Having ten CEOs at one firm in 14 years suggests something deep and intractable in the problems-to-be-solved area. Here’s the firm’s CEO record: 1 – Co-founder Phil Soran from July 1995. He went on to co-found Compellent and sell it to Dell 2 – …
Chris Mellor, 08 Jul 2015
empty_box

Not Boxing clever: non-paying customers still hold sway

File sharer Box’s burst into profitability is still being delayed (for quarter after quarter) by its massive, heavy boat anchor of pay-nothing customers. First-quarter revenues rose 45 per cent from a year ago to $65.6m, beating Wall Street estimates, while the net loss deepened 23 per cent from a year ago to $47.3m. Revenue …
Chris Mellor, 12 Jun 2015
firing range - target in cross hairs

Citrix warns it will miss Q1 earnings guidance

Citrix has announced that it will not deliver the financial results it promised the markets. “Revenue for the quarter is expected to be in the range of $755 million to $760 million, below the company's guidance of $780 million to $790 million,” says in its mea culpa preliminary Q1 results released today. “Net income for the …
Simon Sharwood, 10 Apr 2015
MOFCOM

China's STILL holding up the full WD-HGST integration. Why?

Comment WD's buyout of HGST took place in 2012. MOFCOM, China’s Ministry of Commerce – here concerned with competition – said it was delaying its approval for two years. During that time, HGST and WD had to be run as two separate businesses subject to strict conditions. Those conditions were: Maintenance of HGST at pre-transaction …
Chris Mellor, 10 Jul 2015

Microsoft CFO quits as quarterly results fail to sparkle

Microsoft has released its financial results for the third financial quarter of 2013 and the results make uncertain reading for CEO Steve Ballmer, who is also about to lose his chief financial officer Peter Klein. Redmond reported revenues of $20.49bn for the three months ended 31 March, up 17.2 per cent year-on-year, and …
Iain Thomson, 18 Apr 2013
Ship in trouble

Standard General bids to save RadioShack from oblivion

Historic retailer RadioShack, currently under Chapter 11 bankruptcy protection, will learn its fate today, as its assets go up for auction, although its options for survival look distinctly limited. A $145.5m bid from Standard General LP, a hedge fund which is also one of RadioShack’s lenders, could save 9,000 jobs and 1,723 out …
Simon Rockman, 23 Mar 2015

Tax shouldn't be taxing – unless you're Barracuda Networks

Barracuda Networks reported a satisfyingly chunky revenue rise for its final 2015 quarter and full year, ended February 28, but losses dove unexpectedly deep due to taxation manipulations. Revenues for the fourth fiscal 2015 quarter were US$72.2m, up 19.7 per cent on the year-ago's $60.3m, and 2.6 per cent higher sequentially. …
Chris Mellor, 29 Apr 2015