Corporate Finance: Page 89

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    New Remedies

    While the nation awaits the promised repeal and replacement of the Affordable Care Act, most employer health-plan sponsors have their attention focused elsewhere: health-care costs for employees at large companies are still rising an average of 4% a year, and at this point it’s doubtful the 115th...

    By • May 25, 2017
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    Health-Care Purchasers Take the Wheel

    Today we are at a crossroads. Not since the turn of the century have we fundamentally reexamined our overall strategies to managing health-care costs and supporting the health and well-being of our people.Over the last 15 years, we have seen a shift of health benefits strategies from the tight co...

    By Michael Thompson • May 25, 2017
  • Businessperson talking to a group of people in a meeting a the office Explore the Trendline➔
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    Trendline

    Top 5 stories from CFO.com

    From CPA licensure changes to undergoing a digital transformation, these are the most popular stories CFOs are reading. 

    By CFO.com staff
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    Alternative Payment Models Pose Big Opportunity

    Health-care spending in the United States reached nearly $10,000 for every person in 2015, according to the Centers for Medicare and Medicaid Services, and no doubt passed through that mark in 2016.Projections are that health-care spending will surpass 18% of GDP in 2017 and grow to nearly 20% of...

    By Chris Donovan and C. Frederick Geilfuss • May 25, 2017
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    Create a Finance Committee at Every Public Company

    Almost all boards of U.S. public companies now have three committees that meet immediately before every board meeting and report to the full board — audit, compensation, and nominating-governance. Committees have become the workhorses of the governance process: with their small size and expert su...

    By Robert C. Pozen • May 24, 2017
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    Employers Wouldn’t Alter Health Benefits upon ACA Repeal

    As Congress continues to consider repealing and replacing the Affordable Care Act, most employers expect to retain some of the law’s popular provisions, even if a new law does not require them to.According to a new survey of 666 employers by Willis Towers Watson, approximately one-third of employ...

    By • May 23, 2017
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    Corruption Is Costly — and Pervasive

    Companies appear to be waking up to corruption’s pervasiveness. According to the 5th Annual Anticorruption Survey by AlixPartners, more executives appear to be taking action (1) when dishonest behavior by those in positions of power is exposed and (2) beforehand, by establishing practices to prev...

    By • May 16, 2017
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    CFOs on the Move: Week Ending May 12

    Keith Manbeck has been chosen to head finance at Whole Foods Market, effective May 17. He succeeds Glenda Flanagan, who is retiring. Manbeck joins the company from Kohl’s.Construction and real-estate development firm M. A. Mortenson has named Lois Martin to lead the finance function, replacing th...

    By Joan Urdang • May 12, 2017
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    Whole Foods Appoints New CFO, Directors

    Whole Foods has appointed a new CFO and “refreshed” its board, replacing five of the 12 members, as it attempts to rebound from seven consecutive quarters of declining same-store sales.Keith Manbeck, a veteran finance executive who has worked for Kohl’s, Nike, and Victoria’s Secret, will take ove...

    By Matthew Heller • May 11, 2017
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    CFO Base Pay Rose 2.8% in 2016

    Finance professionals, except for CFOs, got higher base pay raises than the average U.S. worker in 2016, according to the latest data from the Association for Financial Professionals.Finance team members received an average increase of 3.5% in base pay in 2016, slightly less than their increase i...

    By • May 11, 2017
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    What’s the Definition of an Outsourced CFO?

    Have you ever thought about leaving your high-pressure finance job to hang out your own shingle and work as a contract CFO for small, entrepreneurial companies?Kira Spivak Not that such work isn’t pressurized. The point is that if you think you might like that change of scenery, there is greater ...

    By Kira Spivak • May 11, 2017
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    Lawyer to Head SEC Corporate Finance Unit

    U.S. Securities and Exchange Commission Chairman Jay Clayton has made his first major appointment, naming Silicon Valley lawyer William Hinman to lead the SEC’s division that oversees public company filings.Hinman, a retired partner of law firm Simpson Thacher & Bartlett, will serve as direct...

    By Matthew Heller • May 10, 2017
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    KKR to Invest $150 Million in Pandora

    Streaming music service Pandora may have taken a step closer to a sale by securing a $150 million investment from private-equity giant KKR.Under an agreement announced Monday, KKR will receive new shares of Series A preferred Pandora stock a month from now in return for its investment.“Having sec...

    By Matthew Heller • May 9, 2017
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    Ex-Dewey & Leboeuf CFO Convicted of Fraud

    The former CFO of Dewey & LeBoeuf has been convicted of plotting to conceal the law firm’s failing financial situation before it collapsed into bankruptcy in 2012.Joel Sanders, 59, faces up to four years in prison after a Manhattan jury found him guilty on Monday of three criminal counts — se...

    By Matthew Heller • May 9, 2017
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    CFOs on the Move: Week Ending May 5

    James von Moltke has been named to lead the finance function at Deutsche Bank AG, effective in July. He replaces Marcus Schenck, who was appointed president and co-deputy CEO in March. Von Moltke joined Citigroup in 2009 as head of corporate M&A, became global head of financial planning and a...

    By Joan Urdang • May 5, 2017
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    Drop in Viacom Ad Sales Fuels Stock Decline

    Viacom on Thursday reported better-than-expected quarterly earnings but a decline in domestic advertising spending at the media company’s cable TV networks hit its share price.For the second quarter, Viacom’s revenue rose 8.5% to $3.26 billion, beating analysts’ expectations of $3.02 billion. Net...

    By Matthew Heller • May 4, 2017
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    Delphi Drives Away From Internal Combustion

    Delphi Automotive announced it is planning to spin off its powertrain business so it can focus on technology for electrically powered and self-driving vehicles.The powertrain business, which is dedicated to internal combustion engine technology, will become a separate publicly-traded company unde...

    By Matthew Heller • May 3, 2017
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    Cyber Insecurity

    Check the news. The consequences of a data breach can be devastating to a company’s finances and its brand reputation. And there’s no single way to block virtual intruders, whose schemes are constantly evolving.A recent CFO Research study, Cyber and Data Security in the Middle Market, confirms th...

    By CFO Editorial Staff • May 3, 2017
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    The Price of Risk

    Organizations managed to pay 5% less in 2016 to cover their risks, according to RIMS’ 2017 benchmark survey. The survey is based on a total cost of risk metric (TCOR), which calculates the cost of insurance, retained losses, and risk management department overhead for every $1,000 of revenue. How...

    By CFO Editorial Staff • May 3, 2017
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    MagnaChip Fined $3M Over Accounting Fraud

    South Korea-based MagnaChip Semiconductor Corp. and its former CFO have agreed to pay more than $3 million to settle U.S. charges that the company engaged in a “panoply of accounting tricks” to meet financial targets after it went public in 2011.The U.S. Securities and Exchange Commission said th...

    By Matthew Heller • May 2, 2017
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    Moving Up to the Public Cloud

    All signs point to a cloud computing future where nearly all software, data, and resources are accessed over the Internet. But we are far from there yet. While many companies take advantage of some cloud-based software solutions, many still have their own information technology infrastructure for...

    By Keith Button • May 2, 2017
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    Trade Gap

    A few months into his tenure as the leader of the free world, President Donald Trump seems to be getting the message that the issues that populated his hard-fought campaign are not the stuff of sterling presidential legacies.Before taking office, for instance, Trump made pronouncements about the ...

    By Josh Hyatt • May 2, 2017
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    Ex-L3 Exec Accused of Accounting Failures

    A former finance executive at a subsidiary of L3 Technologies has been charged with improperly recognizing $17.9 million in revenue from an aircraft maintenance contract with the U.S. Army.The U.S. Securities and Exchange Commission said David Pruitt, formerly vice president of finance at L3’s Ar...

    By Matthew Heller • May 1, 2017
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    How Millennials Can Find Work with a Purpose in Finance

    Early career employees energize any organization. They help drive innovation and speed of progress through fresh perspectives and a hunger to learn. They’re technology forward and driven to quickly forge their mark in the workplace.They are, of course, well known as millennials — with their own c...

    By Neil Williams • May 1, 2017
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    CFOs on the Move: Week Ended April 28

    Rob Riecker was promoted to the top finance spot at Sears Holdings, taking over for Jason Hollar. Riecker joined the firm in 2005 as assistant controller and most recently was controller and head of capital market activities.Chris Capozzi Chris Capozzi is the latest General Electric finance execu...

    By Joan Urdang • April 28, 2017
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    How Dollar Shave Club Bested a Consumer Giant

    How does a startup grab market share from consumer behemoth Gillette and develop a healthy recurring revenue model in the process?Dollar Shave Club launched with a viral video and an interesting idea: sell men razors and other shaving supplies on a subscription basis. Consumers were tired of payi...

    By • April 27, 2017