If you’ve noticed your CEO looking over their shoulder lately, you might be the reason why.

CEOs view CFOs as the biggest threat to their jobs, a new survey by Boston Consulting Group (BCG) found. More than a quarter of the 500 CEOs in the survey (26%), dubbed “The CEO Insomnia Index,” chose CFOs as the C-suite execs most likely to compromise their job security.

CFOs get a lot of face time with board members, which “can earn them both credibility and influence,” BCG wrote in a report on the survey. “Over time that could position them as the natural heir apparent to the CEO.”

CEOs also view COOs (24% chose them) and chief commercial officers (20%) as potential job threats.

But C-suiters might want to watch their backs: Anywhere from 52%–65% of the CEOs surveyed said they planned to make changes to senior leadership in the next six months.

Keep reading.—CV

Paul Atkins is ready to cut back executive compensation disclosures.

During February’s Texas A&M School of Law Corporate Law Symposium, the SEC chair’s remarks suggested that the agency was homing in on changes to Item 402 of Regulation S-K. Atkins reiterated his view that executive compensation disclosures have become costly and burdensome to prepare, and that they’re bloated with information that’s not valuable to investors. He called for “rationalizing, simplifying, and modernizing” Item 402 with “materiality as their North Star.”

But Atkins also singled out specific areas of Item 402—particularly pay-versus-performance disclosures and the treatment of security for executives as a perk—signaling they may become points of focus for the SEC in months to come.

TL;DR. Many businesses and attorneys would welcome more streamlined exec comp disclosures, Julia Petty, a partner at law firm Cleary Gottlieb who specializes in executive compensation and benefits, told CFO Brew. “There is a hunger for simplicity in this area across the board,” she said.

Keep reading.—CV

Footwear tends to have its “in” moment: Remember the green Adidas Sambas everyone was wearing a couple years ago? What about Converse’s seemingly ubiquitous Chuck Taylor All Stars?

Sustainable footwear brand Allbirds falls into that group, but the once high-flying company is changing hands amid plummeting sales and a pressured consumer. Its assets and intellectual property are being acquired for $39 million by American Exchange Group, owner of brands like Ed Hardy, Aerosoles, and Jones New York. That figure represents a drop in the bucket compared to the $4 billion valuation Allbirds commanded after its 2021 IPO (raising $348 million), but is actually a premium to its current market value of around $22 million.

Expansion team. The pressure to scale is an inevitable chapter for many successful businesses (especially after multiple funding rounds, including one for $100 million during the pandemic). Following its public listing, Allbirds expanded its brick-and-mortar presence and moved into apparel, a strategy that largely backfired.

Keep reading on Revenue Brew.—LI