Nov 28, 2018 - Technology

Amazon has become Silicon Valley's CFO factory

Amazon's regional headquarters in Sunnyvale, California. Photo: Smith Collection/Gado/Getty Images

Amazon is quickly emerging as the go-to source for Silicon Valley tech startup chief financial officers amidst a shortage of experienced candidates.

The big picture: In many ways, Amazon is the perfect breeding ground for future C-suite execs of pre-IPO tech companies. It provides them with big public company experience and a good deal of autonomy as finance chiefs of large divisions, but not so much autonomy that they don't aspire to run their own shops.

Just this month alone, three Amazon finance execs left for startup CFO roles:

Last year, Jason Child left to become CFO at Opendoor.

Ex-Amazon senior employees have also taken up other top jobs at tech companies, such as Greg Greeley joining Airbnb as its president of home-sharing, Sebastian Gunningham as WeWork's vice chairman, Assaf Ronen as SoFi's head of product, and Len Eschweiler as The RealReal's chief revenue officer.

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Scoop: Republican super PAC raised $92 million in September

Senate Majority Leader Mitch McConnell. Photo: The Washington Post/Getty Images

The Senate Leadership Fund, a super PAC associated with Senate Majority Leader Mitch McConnell, raised more than twice as much this September as it did two years ago, according to a FEC filing that will go live Tuesday night.

By the numbers: The SLF raised $92 million in September, spent $105 million, and ended the month with $113 million cash on hand, as Republicans work to maintain their majority on Nov. 3.

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The evolution of HR

Illustration: Aïda Amer/Axios

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The big picture: HR departments across the world have pulled off the incredible feat of turning companies from in-person to remote overnight, and as the pandemic continues to determine the future of work, HR has been elevated from a back-office function to a C-suite conversation.

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18 mins ago - Technology

Netflix stock sinks after Q3 subscriber miss

Illustration:Rebecca Zisser/Axios

Netflix's stock was down more than 5% in after-hours trading Tuesday after the tech giant reported that it missed expectations on global subscriber growth for the quarter.

Why it matters: Netflix experienced explosive growth during the first half of the year. It wasn't expected to match that growth this quarter, when lockdowns lifted and after new competitive services had launched, but analysts were still expecting it to meet expectations of at least 3.3 million net new global subscribers.

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