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U.S. Companies Revamp Bonus Plans as Pandemic Upends Forecasts


Jan. 11, 2021 5:30 am ET
Companies are revising their plans for bonuses and other incentive compensation as the coronavirus pandemic upended financial forecasts and executives managed through a once-in-a-lifetime economic downturn.
The pandemic has had a disparate effect on companies’ balance sheets, leading to soaring profits in some industries, such as online retail and groceries, and steep losses in others, for example hospitality and travel.
Over a quarter of large U.S. businesses initially reduced executive salaries in the spring, according to Equilar Inc., a data provider. The cuts, at companies including
Walt Disney Co.
,
General Motors Co.
and
United Airlines Holdings Inc., ....

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CFOs in 2021 Will Keep an Eye on These 10 Things


Provided by
Dow Jones
By Nina Trentmann
Chief financial officers last year raised billions of dollars to stabilize their companies finances, cut costs and pivoted their businesses to respond to the coronavirus pandemic and the ensuing economic downturn.
As executives look ahead, vaccines against Covid-19 greenlighted by U.S. authorities in recent weeks are expected to boost growth in the second half of 2021, as Americans return to offices, shopping malls and gyms.
Here are 10 things that could be top of mind for CFOs in 2021.
Economic Recovery
Finance chiefs expect their companies revenue to rise by an average of 6.9% in 2021, up from a 0.3% increase forecast for 2020, according to a recent survey by Duke University s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta. Executives will be monitoring potential setbacks to the economic recovery, especially in industries hit ....

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CFOs Share Their Favorite Reads of 2020


CFOs Share Their Favorite Reads of 2020
Finance chiefs took time during a busy year to read survival stories, thrillers and the history of cheating in America, among other topics
Photo:
Ryan Phillips/Zuma Press
By
Dec. 24, 2020 5:30 am ET
Chief financial officers raised billions of dollars this year to shore up their companies’ balance sheets. They cut costs, revamped revenue forecasts and pivoted strategies to help their businesses navigate the coronavirus pandemic.
Because of that, many of them didn’t have a lot of time to read for pleasure. When they did, some chose books that offered new perspectives on work and society and in some cases helped them relax. ....

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