"Record year" and "hurricanes" rarely are good news when used in the same sentence -- unless that record is for zero hurricanes. This hurricane season, that is exactly how many hurricanes have formed. The season runs from June to November.
Christine Driessen, executive vice president and CFO at ESPN, discusses her tenure at the company and her chief accomplishments and challenges. "A challenge for any CFO, but especially for me, is balancing the desire and commitment to grow financially year after year with the decisions we make on investments, and the ability to recognize and act when things are not going as planned," Driessen says.
Critics of proposed lease-accounting changes by the Financial Accounting Standards Board and the International Accounting Standards Board have gained more ammunition. The American Accounting Association has released a study that shows increased disclosure is needed to address concerns about lease accounting, not a revised standard. Also, the FASB's Investor Advisory Committee says the draft standard is not an improvement over generally accepted accounting principles.