Public companies have seen a revolving door of CFOs in the past five years.

That’s according to new research from Datarails, which showed that the average tenure of a CFO at a large public company in the 2018–23 period was just 3.1 years. Datarails examined SEC filings for 1,657 top-listed companies during that time, and found that almost half (48%) saw at least one CFO turnover event.

And some companies saw many more. Twenty-two companies went through four CFOs in that five-year period, including pizza chain Papa Johns, Datarails found. And 152 companies had three CFOs in five years, among them such household names as Dollar General, eBay, Guess, Expedia, and Under Armour.

A few CFOs moved up instead of on: 15 were promoted to CEO in 2023.

In the money: CFO compensation—which includes salary, bonuses, stock awards, and options—at top public companies averaged $3.8 million in 2023, Datarails determined. That’s up 8.6% from $3.5 million in 2022, and a healthy 35.7% from $2.8 million in 2018.

For more on CFO tenure at public companies, click here.—CV

You know the feeling when you’re making soooooo much money, and you just conveniently forget to tell anyone about it?

It’s kind of like forgetting that you had $5 in your wallet, except not at all. Sure, it’s not the most relatable problem, so you’ll just have to ask the former CEO of Express what it really feels like.

The Securities and Exchange Commission settled charges against fashion retailer Express for failure to disclose aspects of its former CEO’s compensation.

According to the SEC’s order, the company failed to disclose more than $979,000 worth of “perks and personal benefits” it issued to the company’s CEO in “definitive proxy statements for fiscal years 2019, 2020, and 2021.”

That included “certain expenses associated with the CEO’s authorized use of chartered aircraft for personal purposes.” We’ll check how much a private jet trip to a small Caribbean island goes for nowadays, and get back to you on how we’d use chartered aircraft for personal purposes.

It would definitely add up. Over the three fiscal years in question, the company underreported the “All Other Compensation” component of its CEO’s pay by an average of 94%, according to the SEC. Whoops!

To keep reading, click here.—NP

Ordering some Krispy Kremes as a pre-holiday thank you for your team? You might want to have a backup spot just in case, because the donut chain is still having issues with its online ordering after disclosing a recent cyberattack.

The company is bracing for more short-term pain for its operations and finances, according to its 8-K disclosure form.

The material financial hit includes the costs of getting the breached systems up and running again, paying consultants, and lost digital sales while the systems were patchy. As of Dec. 17, according to a banner on KrispyKreme.com, “Online ordering has been restored for the majority of our shops.”

Like the freshness of donuts, the effects of the attack could be fleeting. Krispy Kreme didn’t think the attack would “have a long-term material impact on its results of operations and financial condition,” although it was still piecing together “the full scope, nature, and impact of the incident” when it filed the 8-K on Dec. 11.

Click here for more fact sprinkles on this story.—GD

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