Human Capital: Page 109

  • 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

    Equity Options

    It is often said that making changes at a large company is like turning around an ocean vessel: a long, slow process. Harry Morley knows this better than most, having spent several years in finance at P&O, a shipping company. After six years at the London-listed firm, Morley grew weary of the...

    By Jason Karaian • Sept. 20, 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

    Retiree Medical Miscount Leads to Restatement

    Westmoreland Coal said it will restate its 2006 results to correct an error in its calculation of post-retirement medical benefit liabilities.The company said it found that a group of 131 retirees eligible for medical benefits had been omitted from census data used to calculate the liability. The...

    By Stephen Taub • Sept. 19, 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

    For Most, It’s Just a Dream: Being Your Own Boss

    Ever fantasized about telling an overbearing boss to take a hike, and starting your own business? According to a new survey, most executives concede that when push comes to shove, daydreaming about such a life-changing decision is likely to remain just that. Nearly two-thirds (65 percent) of resp...

    By Stephen Taub • Sept. 18, 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

    Dynegy Settles Investment Charges with Pensioners

    A federal judge has approved a settlement between Dynegy and participants in one of its retirement plans.The Houston-based energy company had agreed to pay $10 million to more than 1,900 participants and beneficiaries of a retirement plan at Illinois Power Co., a former Dynegy subsidiary, accordi...

    By Stephen Taub • Sept. 18, 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

    Nestle CFO Polman Reported to Be CEO Pick

    Nestle SA, the world’s largest food company, is expected to name current chief financial officer Paul Polman as its new chief executive, according to a number of published reports. The reports predicted that official word could break on Thursday. Polman joined Nestle in 2005 after a quarter-centu...

    By Stephen Taub • Sept. 17, 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 CFO to Guide WellPoint Growth

    After an astonishing earnings report, Canadian software and services provider WellPoint Systems Inc. has announced it will bring in a new finance chief to oversee its overflowing books. The Calgary-based company with operations in Texas, New Jersey, Florida and Tunisia, hired Stephen Massel to t...

    By Kate Plourd • Sept. 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 September 14

    • Sears Holdings has named J. Miles Reidy as CFO. Reidy will begin his new job in October. He joins the retailer from the banking industry and most recently worked at Capital One Financial, where he served as CFO of its credit card division. Sears has emphasized Reidy’s expertise in quantitative...

    By Sarah Johnson • Sept. 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

    Match Point: Suit Targets 401(k) Losses

    A group of employees at Countrywide Financial filed a class-action lawsuit against the company, its CEO, and others deemed to be responsible for overseeing the employees’ retirement plan. The suit, filed in federal court in Santa Ana, California, claims that the alleged illegal actions of the mor...

    By Stephen Taub • Sept. 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 Play Musical Chairs at Biopharm Company

    Less than a week after switching CFOs at one of its subsidiaries, CytRx Corp. did the same thing at the home office. On Wednesday, the biopharmaceutical research and development company said that Mitchell Fogelman was the company’s new CFO, with Matthew Natalizio leaving to pursue other opportuni...

    By David Katz and Stephen Taub • Sept. 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

    Prediction: A Year-End Hiring Spree

    Christmas may come early for job seekers in finance.CFOs say they intend to hire more professionals during the fourth quarter than they did in the third, according to a new survey by staffing firm Robert Half International. What’s more, the hiring trend year-over-year is expected to rise two perc...

    By Marie Leone • Sept. 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

    Rate of Health Costs Slows Down

    Premiums for employer-sponsored health insurance rose an average of 6.1 percent in 2007, marking the lowest increase in nearly a decade.Indeed, the latest calculation is less than last year’s 7.7 percent increase and the smallest increase since 1999, when premiums rose 5.3 percent, according to t...

    By Stephen Taub • Sept. 11, 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 Harder Side of Sears

    Sears Holdings has named J. Miles Reidy as CFO. Reidy, who comes to the retailer from a long finance career in the banking industry, will begin his new job in October.It is not immediately clear why Sears turned to someone with an extensive banking background to run a retail operation, but, in an...

    By Stephen Taub • Sept. 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

    Wireless Company’s CFO Takes a Leap

    Amin Khalifa has resigned as CFO of Leap Wireless International, which is in the middle of deciding how to deal with an unsolicited takeover proposal. The wireless communications company said Khalifa, its CFO for just over a year, has resigned to pursue other interests.He is leaving the San Diego...

    By Stephen Taub • Sept. 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

    CFOs on the Move: Week Ending September 7

    • Nissan Motor Co. has hired Alain Dassas as its first CFO in four years. He is currently the president of the Renault Formula One Team and has worked at Renault SA for 24 years. Nissan’s previous CFO, Thierry Moulonguet, left in 2003 for the top finance post at Renault. Since then, chief execut...

    By Sarah Johnson • Sept. 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

    Want to Boost Results? Try Hiring a CFO

    Nissan Motor Co. finally decided it could use a chief financial officer.The struggling Tokyo-based carmaker announced it had hired its first in four years: Alain Dassas, who during a 24-year career at Renault SA held numerous finance positions, and is currently president of the Renault Formula On...

    By Stephen Taub • Sept. 4, 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 European Commission’s Günter Verheugen

    60% of the world’s GDP, 40% of world trade and $3 billion a day in trade, services and investment — EU and US businesses have a good thing going, says Günter Verheugen, the avuncular vice president of the European Commission. But there is room for improvement. Verheugen believes a number of obsta...

    By Eila Rana • Sept. 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

    A Rare Move

    Jon Symonds, the former CFO of AstraZeneca, a $26.5 billion (€18 billion) Anglo-Swedish pharmaceuticals group, starts as a London-based MD for Goldman Sachs later this month. The move from CFO to investment banker, while highly unusual, is not unheard of. Last year, Felix Weber, CFO of Adecco, a ...

    By Eila Rana • Sept. 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

    IHOP’s Thomas Conforti: The Right Mix

    The Web version of this article has been expanded to include additional material that did not appear in the September print edition of CFO magazine.It was the end of a brutal week for IHOP International’s Thomas Conforti, and the CFO wanted to steal away to indulge in some comfort food before hea...

    By Marie Leone • Sept. 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

    Vice Can Be Nice

    When Dick Cheney proclaims on Larry King Live that the nation’s Vice Presidency is a “weird duck” — for its combination of ceremonial and serious duties — what kind of bird does that make its corporate equivalent, the vice chairmanship? As it turns out, it’s becoming a more common species, and on...

    By Laura DeMars • Sept. 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

    Simulating Wall Street

    Business and finance students are getting the Wall Street experience they’ve always wanted, but not on Wall Street. Several universities, including the Massachusetts Institute of Technology, Ohio State, and the University of Texas, have introduced high-tech labs that bring the tools of Wall Stree...

    By Kate Plourd • Sept. 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

    Required Summer Reading: Did You Know…?

    Spent your vacation reading Harry Potter and the Deathly Hallows? Not to worry. Here at CFO.com, we kept a close eye on what your colleagues and peers read all summer long. So make sure you know what they know. We’ve narrowed down the list of the most popular stories this summer, and put them in ...

    By CFO Editorial Staff • Aug. 31, 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

    Overhill Farms CFO Goes over the Fence

    The CFO of a small private-label frozen-foods maker is leaving to become the CEO at another, undisclosed company outside the food industry.John L. Steinbrun has resigned as senior vice president, CFO, and COO of Overhill Farms Inc., effective September 6. He has also resigned from the board of di...

    By Stephen Taub • Aug. 31, 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

    Subprime Crisis Casts Shadow on Pensions

    The Financial Accounting Standards Board has embarked on a project that might plunk employers down squarely into such events as the subprime mess in an unexpected way: by requiring them to report in their balance-sheet footnotes how much of their pension assets are tied up in hedge funds, derivat...

    By David Katz • Aug. 31, 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 August 31

    • Google CFO George Reyes announced he will retire from the Internet search engine as soon as a replacement is found. Reyes, who has been with Google since 2002, did not give a reason for his departure but expects to leave by the end of the year.• Gap CFO Byron Pollitt will leave the clothing ret...

    By Kate Plourd • Aug. 30, 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

    From Clothes to Credit Cards: Gap’s CFO Gets a New Job

    One month after Gap brought in a new chief executive officer, its finance chief announced he is leaving the retailer for the CFO job at Visa Inc.Byron Pollitt, who has been with Gap for more than four years, will leave the retailer on September 14. In 2005 and 2006, he was ranked one of the top t...

    By Kate Plourd • Aug. 30, 2007