CFO Awards (Recap)

Publisher's Letter

The role of chief financial officer has never experienced more disruption. Today, the most effective CFOs have their hands on much more than the financials. Technological trends like artificial intelligence, ever-advancing analytics tools and the looming concerns of automation are just a few of the factors affecting today’s CFOs. In this postevent supplement for our 13th annual Los Angeles Business Journal CFO Awards, we celebrate their efforts and achievements.

This issue shines a much-deserved spotlight on the honorees and finalists we celebrated at our 2019 CFO of the Year Awards reception on Sept. 26th at the Westin Bonaventure Hotel and Suites.

We hope you enjoy this special section, which contains some insights on what it means to be a corporate financial steward in today’s business climate. And again, congratulations to all the great CFOs in Los Angeles who tirelessly contribute to their businesses’ bottom lines, and ultimately, to our business community as a whole.

Inside This Supplement

Business Succession Planning: Five Strategies to Ensure a Smooth Transition
Leaving a business in capable hands can take years of forethought, planning, grooming and communication. Unfortunately, far too few business owners strategically prepare for their intended departure from the business. 61% of wealthy investors expect business succession planning advice to be a component of their financial plan, but only 6% have it included as part of their plan... Read More

CFOs Predict Global Challenges Ahead
The majority of CFOs predict a recession by the third quarter of 2020, according to the latest Duke University/CFO Global Business Outlook. Despite that prediction, CFOs expect capital spending and revenue to increase moderately this year... Read More

What’s My Rate Again? Revisiting the Lending Boilerplate as LIBOR Expires
For many years, floating-rate loans (whether offered by banks or alternative lenders) have tended to use LIBOR as the interest rate index of choice. LIBOR stands for the “London Interbank Offered Rate” and is determined based on the price of U.S. dollars in the London interbank market... Read More

Survey Shows that C-Suiters are Prioritizing Innovation
American businesses do not plan on treading water when the next recession hits, according to a new Grant Thornton LLP survey of more than 250 business owners and C-level executives conducted in late June of this year. Innovation will remain a top priority... Read More