In this episode, Jack is joined by Perry Beberman, CFO of Bread Financial.
For a financial services company built around consumer credit and retail partnerships, growth is inseparable from decisions about risk, customer behavior, and the use of capital. Beberman explains how Bread Financial manages these competing considerations while reshaping its balance sheet, funding structure, and finance capabilities.
He discusses the economics behind co-branded and private-label credit cards, the importance of monitoring changes in consumer spending and repayment patterns, and the productive tension that emerges when revenue, credit risk, and finance leaders pursue different priorities.
The conversation also examines how AI is beginning to influence forecasting, controls, and everyday finance work.
Drawing on nearly four decades in financial services, Beberman reflects on the mentors who shaped his leadership and a consequential Bank of America decision that tested his conviction. His experience offers a perspective on the relationship between financial discipline, organizational trust, and sustainable growth.