Tools for troubled CFOs: zero-based budgeting, currency hedges and more
- A number of CFOs at some of America's biggest companies have left their jobs in recent weeks.
The finance chief, more than any other executive, looks directly at the numbers that lay bare the pinch of inflation or the deleterious effects of an economic slowdown. Expenses are proving difficult to hold down as prices surge. Financing costs are climbing, too, and some are finding it harder to borrow. While companies have some pricing power, they can’t raise prices indefinitely and it only does so much to help the bottom line—particularly for multinational companies whose results have been hit hard by the strong dollar.
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