Topic: Cfo

Facebook shares plummeted 24% following an earnings call where the CFO warned of slowing revenue growth and declining user numbers in Europe. The company attributed some of the slowdown to giving users more data privacy choices, which negatively impacts their advertising-based business model. Other tech stocks like Twitter and Snapchat also saw declines in sympathy.

The timing of Equifax executive stock sales is scrutinized following the disclosure of the May-June data breach. While some argue the sales were part of a standard post-lockup schedule, others find it unlikely that the CFO was unaware of a breach of this magnitude. The discussion notes that internal corporate gossip usually spreads quickly once a security incident is identified.

Retired General John Keane testifies before the Armed Services Committee, describing the Department of Defense as a "third-rate" business operation. He highlights the Pentagon's massive real estate, lodging, and healthcare portfolios, arguing that these non-core functions should be managed by a Fortune 500-style CEO and CFO rather than military personnel. The show concludes with a montage of "fake news" clips and sign-offs.

The death of Freddie Mac Acting CFO David Kellermann is discussed with skepticism regarding the official ruling of suicide by hanging. Kellermann, a 16-year veteran of the firm, had only been in the CFO role since September. The hosts question the timing and circumstances, suggesting he may have known too much about the organization's internal workings.