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Joy
Mbanugo
CFO
CXAI
Joy Mbanugo has served as Chief Financial Officer of CXApp since August 2024. She brings over 20 years of experience in finance, accounting, tax, and business operations across diverse industries. Joy holds a Juris Doctor from Cleveland State University, a Master of Accountancy from Case Western Reserve University, and a double bachelor's degree in Accounting and Black World Studies from Miami University of Ohio. Previously, Joy was CFO at ServiceRocket, leading Finance, Accounting, People teams. She spent five years at Google, evaluating Cloud Partnerships and Solutions, Controllership, Treasury, and Tax and optimizing management of over $100 billion in treasury assets. Before that, she led taxation initiatives at BlackRock and provided tax and audit services to financial services clients during a 12-year tenure at EY. Beyond her corporate career, Joy is a private investor and operating partner focused on supporting startups and women-led ventures. Her mission is to inspire individuals to reach their full potential and achieve ultimate success.
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24 February 2026 09:45 - 10:15
Your second budget: Running stock-based comp with the discipline of cash
Ask a CFO what they spent on cloud last quarter and you’ll get a number to the dollar. Ask what they spent in equity and you’ll get a range, a shrug, or ā€œlet me check with comp.ā€ That gap is getting expensive. Investors are watching dilution, proxy advisors are watching burn rate, and the equity pool is quietly covering for cash the business didn’t have. This keynote treats equity as a second budget, with its own owner, its own ceiling and its own review cycle. It covers how to set a burn-rate target you can defend, where to place the dilution limit, and what to say to a hiring manager when the equity simply isn’t there. Key takeaways: - How to set and enforce a burn-rate target and dilution ceiling - Who should own the equity budget, and how to hold them to it - The signs that SBC has stopped working as a retention tool