Human Capital: Page 104

  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs on the Move: Week ending December 14

    • Siemens, the German electronics and engineering firm, has revoked the appointment of Hannes Apitzsch as CFO of its industrial sector. After appointing him only a week ago, the company said that new information it examined from the Nuremberg public prosecutor’s office led it to conclude that a “...

    By Jason Karaian • Dec. 14, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Top Troika at Panera Includes CFO

    The chief financial officer is rising at Panera Bread. The company said president Neal Yanofsky has resigned and will be replaced by a team of three executives: CFO Jeff Kip, CEO Ron Shaich, and executive vice president John Maguire. Shares of Panera, the owner and franchiser of 1,137 bakery-caf...

    By Stephen Taub • Dec. 13, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs on the Move: Week Ending December 14

    • Panera Bread Co. senior vice president and CFO Jeff Kip will split presidential duties with executive vice president John Maguire. The current president, Neal Yanofsky, is stepping down January 4 to pursue other opportunities.• CFO Christopher Gaut has moved up at Halliburton. He has been nam...

    By Sarah Johnson • Dec. 13, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    DoL Wants “Hidden” 401(k) Fees Revealed

    In an effort to bring “hidden” or excessive 401(k) fees to light, the Department of Labor on Thursday proposed requiring retirement- benefit-plan service providers to make added disclosures to plan fiduciaries. The aim is to help the plan sponsors gauge the reasonableness of what they pay the ser...

    By • Dec. 12, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Ex-Tyco Lawyer: Show Me the Money

    A former Tyco lawyer who represented two former executives now imprisoned for stealing from the company says the conglomerate owes him $870,000, the Associated Press reported. The attorney, Joshua Berman, filed a lawsuit insisting he is owed the money for work performed from July through November...

    By Stephen Taub • Dec. 12, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    USPS’s CFO Delivers Corporate Mentality

    When Glen Walker accepted the job of CFO of the U.S. Postal Service more than a year ago, he said he was surprised at how much its systems, processes, and people were like those of a large corporation. In fact, it made him more comfortable with his decision to become a public servant.But things h...

    By • Dec. 12, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    The Right Role

    It’s summer time and Caroline Stockmann — the former head of global business planning at Novartis, a $37 billion (€25.4 billion) Swiss pharmaceuticals company — is trying to relax in Italy during a family holiday with her husband, Michael, and two children, two-year-old Liam and eight-year-old Re...

    By Eila Rana • Dec. 10, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    New Year Resolutions

    There’s no better time for CFOs to take a step back and reflect on the lessons of the past year.The first lesson: cash is always king. Throughout 2007, we reported on how companies boosted their cash flow and carefully put stockpiles to work. This discipline paid off for many, especially when it ...

    By Janet Kersnar • Dec. 10, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Back in the Game

    During his rugby-playing days, Steve Phillips rose to captain of Amman United, a club in the lower divisions of the Welsh league. Now, at 43, he finds himself back in rugby, this time at the very top of the sport in Wales. Of course, as finance director of the Welsh Rugby Union (WRU), the game’s ...

    By Laura Cameron • Dec. 10, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Death Toll

    Considering life expectancy in the UK is increasing by two years every decade, or five hours a day, it’s surprising that the average FTSE 100 company assumes that the life expectancy of recently retired employees will rise more slowly than suggested by official statistics. The UK’s blue-chip comp...

    By Laura Cameron • Dec. 10, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Have Passport, Will Travel

    In the course of his 26-year finance career, Dean Gardner has lived in Europe, Africa, Asia and South America, for a total of nine years outside his native United States. Looking back, Gardner, CFO of horticultural company International Garden Products, says he found the posts to be lucrative, in...

    By Art Detman • Dec. 10, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Unibail-Rodamco’s Peter van Rossum

    Sometimes it’s better to be boring. In a year when many big M&A deals were drawn out, contested affairs, French commercial property group Unibail’s merger with Dutch peer Rodamco Europe bucked the trend, closing in just three months with no major hitches. That’s not to suggest it was simple —...

    By Tim Burke • Dec. 10, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Axel Springer’s Steffen Naumann

    Even by the sensationalist standards of Bild, Steffen Naumann’s first presentation of the annual results at Axel Springer, the German tabloid’s parent company, made for shocking reading. Naumann joined the group as CFO in late 2001, just in time to close the books on the first annual loss in com...

    By Jason Karaian • Dec. 10, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs on the Move: Week ending December 7

    • Jeremy Darroch is stepping up from CFO to CEO at BSkyB, the UK-based television group owned by Rupert Murdoch’s media conglomerate News Corp. Darroch replaces James Murdoch, Rupert’s 34-year-old son, who is now head of European and Asian operations for News Corp. Having joined BSkyB in 2004 as ...

    By Jason Karaian • Dec. 7, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFO Moves Up at Halliburton

    Halliburton CFO Christopher Gaut has been named president of the company’s drilling and evaluation division as part of a management shake-up. Chief accounting officer Mark McCollum was promoted to Gaut’s old post. Tim Probert was promoted from senior vice president of the drilling and evaluati...

    By Stephen Taub • Dec. 7, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    SEC Clears Rambus, but Damage Is Done

    Rambus Inc. is the latest company to announce that the Securities and Exchange Commission has terminated an informal investigation into its stock-option practices without recommending any enforcement action. The announcement, however, did not come until a lot of damage was already done. In July ...

    By Stephen Taub • Dec. 6, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs on the Move: Week Ending December 7

    • Merrill Lynch has named Nelson Chai executive vice president and chief financial officer to replace Jeffrey Edwards, who has been the finance chief for two years. Chai has been executive vice president and CFO of NYSE Euronext and its predecessor company, NYSE Group Inc., for nearly a year and...

    By Sarah Johnson • Dec. 6, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    House Committee Probes Executive-Pay Consultants

    Highly paid executives may have hoped that many of the issues concerning the scrutiny of their compensation packages were settled when the Securities and Exchange Commission implemented new disclosure rules last year. But even in the waning days of its first session, the 110th Congress keeps revi...

    By Sarah Johnson • Dec. 5, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Trigger Happy: The Bar Rises for Change-in-Control Benefits

    Companies are responding to shareholder concerns about executives earning undue benefits that take effect after mergers and acquisitions, according to Mercer, the consultancy. Many are now raising the criteria executives must meet to qualify for the controversial “change-in-control” benefits.Such...

    By Alan Rappeport • Dec. 3, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs on the Move: Week ending November 30

    • Rob Frohn, CFO of Dutch chemicals company Akzo Nobel, will step down from his role after the £8 billion acquisition of UK rival ICI is completed early next year. In May 2008 he will become head of Akzo Nobel’s chemicals units—a move that will allow him to “fulfil his ambition of returning to a...

    By Eila Rana • Dec. 3, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Countrywide Suit in a NY State of Mind

    New York State Comptroller Thomas DiNapoli and New York City Comptroller William Thompson were named the lead plaintiffs in a class-action lawsuit against Countrywide Financial, the largest U.S. mortgage lender. The comptrollers have chosen the law firm Labaton Sucharow LLP to represent the plai...

    By Stephen Taub • Dec. 3, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Wharton’s CFO Course Evolves with the Times

    When the University of Pennsylvania’s Wharton School wanted to design the first class specifically targeting the CFO role five years ago, it turned to its own executive-education students for ideas. The result was “The CFO: Becoming a Strategic Partner,” now a twice-a-year staple on Wharton’s ope...

    By Roy Harris • Dec. 3, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    The New Mix

    Mark Anderson is in the middle of overhauling his company’s 401(k) plan. Anderson is the finance chief of Granite City Electric Supply Co., a Quincy, Massachusetts-based distributor with about 180 employees. The project began because he and the company’s investment committee wanted better service...

    By Kate O'Sullivan • Dec. 1, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Most Valuable Promotion

    The “Monster Deal” that Jordan’s Furniture concocted last spring would likely have any CFO biting his nails. The Massachusetts-based furniture retailer promised full rebates on any sofa, dining table, bed, or mattress bought between March 7 and April 16, if the Red Sox won the World Series. Guess...

    By Kate Plourd • Dec. 1, 2007
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Hitting the Books, with Some Help

    Tuition reimbursement has been a common corporate perk for years, but IBM is proposing a new twist: a 401(k)-type program in which employees could contribute to an interest-bearing education account supplemented by company-paid matches. Unlike standard tuition-reimbursement plans, the funds in su...

    By • Dec. 1, 2007