Cost reduction targets missed by 81% of companies
Cost reduction remains top-of-mind for your fellow CFOs: 84% of U.S. companies plan to undertake new initiatives in the next 24 months.

Cost reduction remains top-of-mind for your fellow CFOs: 84% of U.S. companies plan to undertake new initiatives in the next 24 months.
As finance leaders know well, business travel is booming. And that puts controlling travel spend high on your priority list.
You hear them all the time – maybe you even use them now and then. But should these 10 words receive a time-out?
You’ll feel the impact of the Supreme Court’s historic rulings on gay marriage fast, no matter what state you’re located in.
You’d think the $3,200 employees of the GSA spent on a mind reader could have told them this business trip wasn’t a good idea!
Spring is just a few weeks away, but there’s an even more encouraging thaw looming: on your salary.
While many companies have employed a variety of survival strategies, British Airways took cost control to an entirely new level with its latest move — asking employees to work for nothing.
It seems like a goal any red-blooded CFO would find tough to argue with: reduce the company’s costs. Unless people are going about it the wrong way.
OK, finance execs, say you had a magic wand. What’s the one thing you would change in your company? It might get some chuckles, but there’s one answer that comes up over and over.