CFOs have a lot on their plate right now. Crippling inflation, the need for a comprehensive corporate cyber security strategy, a shift toward stakeholder capitalism, and increased competition between the United States and China. There has never been a more pressing need for a forum in which to discuss these business challenges.
A culmination of our yearlong programming, the 2022 CNBC CFO Council Summit is the flagship event, bringing together members, speakers, and CNBC journalists and contributors, to tackle complicated topics. This one-of-a-kind event hosts interactive sessions, compelling panel discussions, and features global thought leaders including, Former White House Press Secretary and MSNBC Host Jen Psaki, KPMG Chief Economist Diane Swonk, and retired U.S. Army Colonel Sean Hannah, now a Thayer Leadership faculty member.
ABOUT CFO
The CNBC CFO Council is a members-only council that provides peer-to-peer connections, and convenes to address pressing issues facing Chief Financial Officers today. Along with networking opportunities and an impressive series of in-person programming, the CFO Council features the popular Fed Matters digital series, hosted by CNBC senior economics reporter Steve Liesman.
The CNBC CFO Council Summit is an exclusive event for members; learn more about the CFO Council and apply for membership at www.cnbccouncils.com/cfo-council/
Read more from our CNBC CFO Council special report on www.cnbc.com/cfo-council/
Jared Bernstein is a Member of The White House Council of Economic Advisers
Peter is the Chief Investment Officer at Bleakley Financial Group, a NJ based wealth management firm. He is also the Editor of The Boock Report, a macro market newsletter. Prior to joining Bleakley, he was the Chief Market Analyst at The Lindsey Group, a macro economic and market research firm founded by former Federal Reserve Governor Larry Lindsey. Before this, Peter worked as a macro analyst and portfolio manager for a brief time at Omega Advisors and had previously been a partner at Miller Tabak + Company where he was the equity strategist and a portfolio manager.
U.S. Congressman Kevin Brady is a pro-family, pro-small business conservative who proudly represents the Eighth Congressional District of Texas.
Widely recognized as a national economic leader, Kevin is only the third Texan in history to chair the powerful House Ways & Means Committee – considered to be the most influential committee in Congress – with control over taxes, international trade, health care, Medicare, Social Security and welfare.
As Chairman, he led a historic reform of America’s tax code, the first in 30 years. These tax cuts for families and local businesses restored America to the most competitive economy in the world, leading to millions of new jobs, the highest household income and lowest poverty rate in half a century, and a return of U.S. jobs and investment from overseas.
A champion of free enterprise and American-made energy, Kevin’s first achievement as Chairman was successfully negotiating on behalf of Speaker Paul Ryan for an end to the 40-year ban on selling U.S. crude oil overseas, leading to American energy independence.
His successful initiatives also include the first reform of the IRS in two decades, passage of President Trump’s US-Mexico-Canada trade agreement (USMCA), sweeping reform of Americas’ retirement system in the form of The Family Savings Act, a historic national ban on surprise medical bills, elimination of the ObamaCare individual mandate and the three largest ACA taxes, and making the Research & Development tax credit permanent to ensure research into key medical breakthroughs and technologies occur here in America rather than in foreign countries.
Kevin is a recognized national leader in free trade, and while Chairman of the Ways and Means Trade Subcommittee, he helped secure approval of trade agreements with Columbia, Panama and South Korea. In Congress, he has helped successfully secure passage of 13 of America’s 15 free trade agreements, including President Trump's new agreement with Canada and Mexico. He was the White House point man for the Central American trade agreement, and in 2016 authored the first successful major reform of trade rules since 9/11 to speed-up secure, legal trade of products across U.S. borders.
He has devoted years in Congress to spurring new treatments and cures for rare diseases, including Pulmonary Hypertension, Primary Immune Deficiency and juvenile Batten's Disease.
Kevin served as Chairman of the Joint Committee on Taxation, Chairman of the Joint Economic Committee of the House and Senate, and has chaired both the Health Care and Trade Subcommittees of Ways and Means.
Prior to his election to Congress, Kevin worked as a Chamber of Commerce executive for 18 years and served six years in the Texas House of Representatives, where he was named Top Ten Legislator for Families & Children and one of Five Outstanding Young Texans.
Kevin is a Distinguished Alumni of the University of South Dakota.
He is dedicated to staying close to the families and communities he represents, and never moved to Washington. Kevin lives in The Woodlands with his wife and two sons and has logged more than 2.5 million miles commuting from Texas to Congress, equivalent to five round trips to the moon.
Sarah Dougherty is the Director of the Green Finance Center, leading NRDC’s economics and finance work. She has been at NRDC for 8 years and focuses on financial regulations related to climate change, green banks and growing finance and economics expertise to help NRDC meet its goals. She has a master’s degree in economics and worked at the Federal Reserve Bank of Atlanta for seven years. During her time at the Fed she held various roles, including research analyst the covering energy industry, writing monetary policy briefs and leading economic education in public affairs during the 2008 financial crisis. For her green bank work, she was part of creating the Green Bank Network of existing green banks, was on the Washington, DC Green Bank Advisory Committee to set up a city-level green bank and worked in Chile and Mexico on their green finance efforts. She also worked at the Coalition for Green Capital, C2ES, a small solar EPC firm, and the Federal Home Loan Bank of Atlanta. She is based in Atlanta, GA.
5pm - 7pm
10:30am
Tyler Mathisen, CNBC “Power Lunch” Co-Anchor & Vice President, Events Strategy
10:50am
Representative Kevin Brady will finish out his thirteenth and final term in office later this year. As former Chairman of the powerful House Ways and Means committee, Rep. Brady counts the 2017 Tax Cuts and Jobs Act as one of his signature achievements. We’ll get his reflections on more than 25 years serving in Congress, his expectations for the ongoing Lame Duck session, and a forecast of what he thinks his colleagues can achieve legislatively in the next Congress, with a razor-thin majority.
Rep. Kevin Brady (R) Texas
Interviewer: Ylan Mui, CNBC Senior Congressional Correspondent
11:10am
The “red wave” didn’t materialize, but Republicans still managed to win back control of the House of Representatives, which includes claiming committee chairmanships. The powerful House Financial Services Committee will be run by Rep. Patrick McHenry of North Carolina. He’ll share his views on. the Republican-led chamber’s legislative priorities, and his committee’s investigative priorities, including next month’s hearing on the stunning collapse of the cryptocurrency exchange FTX.
Rep. Patrick McHenry (R) North Carolina
Interviewer: Ylan Mui, CNBC Senior Congressional Correspondent
11:30am
Inflation, rising interest rates and slower (or perhaps negative) economic growth have already posed significant challenges to the Biden Administration. The new congress will add threats of government shutdowns and debt ceiling defaults to the mix. One of the President’s longest-serving economic advisors discusses how the administration plans to navigate the nation’s economic challenges and how it will convince the American people it is achieving its goals.
Jared Bernstein, White House Council of Economic Advisors Member
Interviewer: Sara Eisen, CNBC “Closing Bell” Anchor
11:50am
Too much? Too little? or Just right? The Fed’s fight against inflation has drawn criticism from all sides. Some Fed-watching economists think the central bank will go too far in its quantitative tightening and plunge the US economy into a recession. Others think the Fed hasn’t raised rates enough to bring inflation under control and worry it will stop hiking too early. What’s it going to be?
Peter Boockvar, Bleakley Financial Group Chief Investment Officer
Diane Swonk, KPMG Chief Economist
Moderator: Steve Liesman, CNBC Senior Economics Reporter
12:10pm
CFOs engage in a delicate dance with investors each quarter, as the delivery of every sentence, word, and syllable in earnings reports and on conference calls is parsed for hidden meaning. Conveying a compelling and convincing narrative is an increasingly critical part of navigating an unforgiving market and increasingly more skeptical investors. Who better to advise on mastering the message than two former pros who’ve jousted with the media from behind the iconic White House Press Podium?
Robert Gibbs, Bully Pulpit Interactive Senior Counsel, Fmr. McDonald’s Chief Communications Officer & Fmr. White House Press Secretary
Jen Psaki, MSNBC Host and Former White House Press Secretary
Moderator: Tyler Mathisen, CNBC “Power Lunch” Co-Anchor & Vice President, Events Strategy
12:35pm
CFOs AS DATA SCIENTISTS: LEVERAGING TECHNOLOGY TO DRIVE BUSINESS STRATEGY
Sponsored by Workday
Being a modern CFO means taking full advantage of a growing array of available artificial intelligence and machine learning tools to analyze operations and drive business planning and decision making. But a CFO under pressure to cut costs has to be able to separate the truly valuable technology from flashy gadgets and gizmos. CFOs share their success stories and best practices for maximizing return from big data tools in this roundtable conversation.
Seth Stephens-Davidowitz, Data Scientist and author of Everybody Lies and Don’t Trust Your Gut
Moderator: Eric Rosenbaum, CNBC.com Senior Editor
CORPORATE SUSTAINABILITY & CLIMATE CHANGE: NAVIGATING A GLOBAL ENERGY TRANSITION
Climate change poses significant existential risk to all companies. Yet, as the SEC moves closer to finalizing a public ESG-related disclosure rule, some CFOs tell us this regulation will be costly, inefficient and ineffective. Against the backdrop of complex geopolitical issues, supply chain disruptions and financial uncertainty, we discuss how companies can find a balance between energy security and energy transition.
Sarah Dougherty, Director, Green Finance Center, NRDC
Moderator: Dan Colarusso, CNBC Senior Vice President, Business News
1:35pm
The digital transformation of multinational corporations has led to enormous growth in the volume of data that those corporations are responsible for storing and protecting. All that data has value, which means it is worth stealing, and thus the business of cyber hacking has grown into a sophisticated, multibillion dollar market. In this special interactive session led by Colonel Sean Hannah of West Point’s Thayer Leadership, CFO Council members will be guided through a cyberattack simulation. Members will work in industry groups, each representing the executive team of a fictional company that has been hit with a ransomware attack. Members will steer their companies through the crisis, choosing how to respond to key stakeholders including vendors, the FBI, and the media, as the incident unfolds. Members of CNBC’s Technology Executive Council will serve as cybersecurity experts on each team in a cross-council collaboration. Is your company prepared to address and mitigate the greatest cyber threats of today – and of the future?
3:35pm
3:55pm
Tyler Mathisen, CNBC “Power Lunch” Co-Anchor & Vice President, Events Strategy
4:00pm
Col. Sean Hannah joins cybersecurity experts Nicole Eagan and Charles Carmakal on stage to debrief the results of the ransomware simulation and discuss the many layers cyber risk that companies face today. They will recap how the members approached the scenario and the decisions made, as we dig further into how companies and governments can work together to prepare for future attacks.
Col. Sean Hannah, US Army retired
Charles Carmakal, Mandiant SVP & CTO and CNBC Technology Executive Council member
Nicole Eagan, Darktrace Chief Strategy Officer, AI Officer and CNBC Technology Executive Council member
Moderator: Eamon Javers, CNBC Senior Washington Correspondent
4:25pm
The U.S. and China have one of the world’s most important and complex geopolitical relationships. Earlier this month, after the first in-person meeting of his presidency with Chinese President Xi Jinping, President Biden said “we share a responsibility… to show that China and the United States can manage our differences, prevent competition from becoming anything ever near conflict and to find ways to work together on urgent global issues that require our mutual cooperation.” We discuss what a potential thawing of relations will mean for the world in 2023.
Dewardric McNeal, Longview Global, LLC Managing Director & Senior Policy Analyst and CNBC Contributor
John Schaus, Center for Strategic & International Studies Senior Fellow, International Security Program
Moderator: Ylan Mui, CNBC Senior Congressional Correspondent
4:45pm
Despite a prevailing narrative that both Democrats and Republicans have been unfriendly to big businesses over the past 2 years, American corporations have plenty of reasons to be pleased with the 117th Congress. The CHIPs act opens the door for more U.S. based semiconductor production, while the bipartisan infrastructure bill not only pays to fix and replace aging roads and bridges, but also allocates funding for new research and development. In this panel, we discuss how the business community and its representatives in Washington will continue to promote innovation and fair competition in the next Congress, while navigating the choppy political waters on both sides of the aisle.
Deborah Wince Smith, Council on Competitiveness President & CEO
Jay Timmons, National Association of Manufacturers President & CEO
Moderator: Eamon Javers, CNBC Senior Washington Correspondent
5:10pm
He’s been a leading voice on financial issues in the Senate, a fiscal, pro-business Conservative, and maybe the last of a dying breed for either chamber of Congress. Senator Pat Toomey’s decision to retire (a decision he announced in October 2020) set into motion one of the most intriguing campaigns of the 2022 midterm Elections, and the result is that next year, his seat will be occupied by a Democrat for the first time in 6 decades, and the Senate will remain in Democratic control. What does the outgoing Senator think of all that?
Sen. Pat Toomey (R) Pennsylvania
Interviewer: Sara Eisen, CNBC “Closing Bell” Anchor
5:30pm
Even before the new congress gets underway, Senate Finance Committee chair Ron Wyden is hoping to make the most of the final month of the current session. That includes restoring the 2021 Child Tax Credit and passing Retirement security legislation. In the next congress, things will get more complicated with Republicans controlling the House, but in laying out priorities for 2023, Wyden has expressed hope for finding bipartisan support. We close our day with a look at how the Senate is preparing for a return to divided government.
Sen. Ron Wyden (D) Oregon
Interviewer: Sara Eisen, CNBC “Closing Bell” Anchor
6:00pm
6:45pm
8:30pm
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Council dinners will convene the premiere community of CFOs, collectively managing more than $4 trillion in market capitalization
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To request an invitation for the CNBC CFO Council Summit, please email events@cnbc.com.
Workday is a leading provider of enterprise cloud applications for finance and human resources. Founded in 2005, Workday delivers financial management, human capital management, planning, and analytics applications designed for the world’s largest companies, educational institutions, and government agencies. Organizations ranging from medium-sized businesses to Fortune 50 enterprises have selected Workday.
To learn more, visit www.workday.com.
Wences Casares is the Founder and Chairman of Xapo Bank.
Sarah Bloom Raskin has served both as the as the Deputy Secretary of the U.S. Department of the Treasury and as a Governor of the Federal Reserve Board.
As the second-in-command of the United States Treasury, Deputy Secretary Raskin oversaw the entire Treasury Department and its various agencies and departments. Deputy Secretary Raskin is known for her tireless pursuit of innovative solutions to enhance American’s shared prosperity, the resilience of our country’s critical financial infrastructure, particularly as it relates to climate risk and cybersecurity, and the defense of consumer safeguards in the financial marketplace.
Immediately prior to her confirmation as Deputy Secretary, Ms. Raskin served as a Governor of the Federal Reserve Board where she helped conduct the nation’s monetary policy and promote financial stability.
Before joining the Federal Reserve Board, Ms. Raskin served as the Commissioner of Financial Regulation for the State of Maryland. As Commissioner, she and her agency were responsible for regulating Maryland’s financial institutions, including all state-chartered depository institutions, banks, credit unions, mortgage lenders, mortgage servicers, and trust companies, among others.
Within the United States and throughout the international community, Ms. Raskin was a champion of cybersecurity in the financial sector, helping to elevate this critical issue to C-suites and boardrooms. Her efforts, including leading the development of the G-7 Fundamental Elements of Cybersecurity for the Financial Sector, contributed to a more secure and resilient financial sector in the face of increasingly frequent and sophisticated threats.
She is also a leading voice in understanding climate change as it pertains to the financial sector. She recently appeared at the Green Swan Conference, in which she gave a keynote speech called “Climate Change and the Precautionary Imperative”. She was chosen to be a member of the Regenerative Crisis Response Committee, the work of which is described in “These Economic All-Stars Want to Crack the Climate Code” (E&E News, May 21, 2021).
She currently is a Professor of the Practice at the Duke Law School, a Distinguished Fellow at the Duke Global Financial Markets Center, and a Senior Fellow at the Duke Center of Risk.
Ms. Raskin has been recognized by several organizations for her public service and has engaged with the media and myriad audiences to discuss fiscal, economic, monetary policy, climate risk, and national security issues. She has spoken for organizations and events including the National Consumer Law Center, Women in Homeland Security, the New America Foundation, the Levy Economics Institute, the National Association of Business Economics, the Private Equity Growth Capital Council, the Ditchley Foundation, the Society of Government Economists, the Mid-Winter Housing Finance Conference, the National Community Reinvestment Coalition, NeighborWorks America, several community banking groups, and numerous institutions of higher learning, among many others. Ms. Raskin received her B.A. in economics from Amherst College, and she received her J.D. from Harvard Law School. She is married to U.S. Congressman Jamie Raskin (D-MD 8th District).
Tom Reed is the U.S. representative for New York.