Human Capital: Page 110

  • 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

    Finance in History: Labor Days

    The building of Samuel Slater’s mill in Pawtucket, Rhode Island in 1793 marked a genuine paradigm shift: the transition of cloth-making from the home to the factory. A decade or so later, wealthy Bostonian Francis Cabot Lowell followed Slater’s example by surreptitiously copying English spinning ...

    By R.G. Voorhees • 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

    Kraft Taps Ingersoll-Rand CFO to Replace Dollive

    Kraft Foods Inc. announced that CFO James Dollive will retire after 29 years with the company, and named Ingersoll-Rand Co. senior vice president and CFO Timothy McLevish to succeed him effective October 1.McLevish has held his post at Ingersoll-Rand, with headquarters in Hamilton, Bermuda, since...

    By Stephen Taub • Aug. 29, 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

    Save Reading This until Saturday, OK?

    Here’s a survey to ponder over the Labor Day weekend — that is, if you’ll just take a minute to log off on the computer and ditch your PDA.Research by Robert Half International shows that finance managers are not only working far longer hours these days, but that 39 percent are taking along their...

    By Roy Harris • Aug. 29, 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

    Google CFO to Retire

    Google Inc.’s chief financial officer and senior vice president George Reyes has announced he will retire at the end of the year. Reyes, who joined the internet search engine’s finance team in 2002, said he will stay with the company during its search for a new CFO and aid with the transition. In...

    By Kate Plourd • Aug. 28, 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 24

    • Pfizer has replaced CFO Alan Levin with the former CFO of Alcatel-Lucent, Frank D’Amelio. Levin resigned from the pharmaceutical company three months ago but has stayed with the company until his replacement was named. D’Amelio, who is currently chief administrative officer at Alcatel-Lucent, ...

    By Kate Plourd • Aug. 23, 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

    Matchmaker, Matchmaker

    EXP. CFO SEEKS LG. CO. BD. POST, POS. AUDIT COM. ASSMT. I ENJOYTRAVEL, CONVERSATION, AND LONG WALKS ON THE BEACH.OK, scratch that last sentence, but the first part is no fantasy. Nasdaq has unveiled a new way for companies and finance executives to hook up over open board seats and possibly make ...

    By Lori Calabro • Aug. 23, 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

    Swad Now Holds Fannie’s CFO Job

    In the midst of unprecedented turmoil among mortgage-finance companies, Stephen M. Swad officially took over as financial chief at Fannie Mae. As previously announced, former CFO Robert Blakely, who led the financial cleanup at what had been the scandal-ridden government-sponsored giant, remains...

    By Roy Harris • Aug. 23, 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

    Pfizer Dials Alcatel-Lucent Exec for CFO

    Three months after Alan Levin abruptly resigned as Pfizer’s CFO, the pharmaceutical giant has named Alcatel-Lucent executive Frank D’Amelio its new finance chief. D’Amelio, whose current title is chief administrative officer, was CFO of Lucent Technologies for five years before it merged with Alc...

    By Sarah Johnson • Aug. 22, 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

    Delta Hires Outsider for CEO, Passes Over CFO

    Delta Air Lines has promoted its CFO to president, but passed over him in its choice for CEO. On Tuesday, the airline simultaneously gave CFO Edward Bastian the additional title of president and hired former Northwest Airlines chief executive Richard Anderson as CEO. Bastian and Delta’s chief ope...

    By Sarah Johnson • Aug. 21, 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 Closes in on Owens Corning’s Corner Office

    The fall will be a time of transition for executives at Owens Corning, whose CFO is poised to take over as chief executive by year’s end. The building-material maker’s announcement on Tuesday that it’s named a permanent finance chief puts Michael Thaman, the company’s current CFO as well as its c...

    By Sarah Johnson • Aug. 21, 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

    Out of the Sarbox: de Molina Named COO of GMAC

    Alvaro de Molina, who left Bank of America after just 18 months as CFO last December, will take over the newly created position of GMAC Financial Services’ chief operating officer.The new COO slot is de Molina’s first assignment since he resurfaced at Cerberus Capital Management in June and was n...

    By Sarah Johnson • Aug. 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

    Who Knew? SEC Charges Ex-Brocade CFO

    On the heels of last week’s Justice Department conviction of Brocade Communications Systems’s former CEO Gregory Reyes, the Securities and Exchange Commission has charged the company’s onetime chief financial officer with helping to backdate millions of dollars worth of stock-option grants to lur...

    By Marie Leone and Tim Reason • Aug. 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

    Mini-Meds Offer Some Relief

    Six years ago, only 13 percent of employeesat Ratner Cos., an operator of 1,000 salons undersuch names as Hair Cuttery and Salon Cielo, tookadvantage of the company’s medical plan. Today,78 percent have coverage, under a limited benefitplan from Century Healthcare.Driving that nearly eightfold in...

    By Karen M. Kroll • Aug. 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

    CFOs on the Move: Week Ending August 17

    • Lockheed Martin has named Bruce Tanner chief financial officer, replacing former CFO and executive vice president Christopher Kubasik, who will now head one of the defense contractor’s four businesses. Tanner was previously vice president of finance and business operations for the company’s $...

    By Kate Plourd • Aug. 16, 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

    Juniper Networks Fills CFO Post

    Juniper Networks has named Robyn Denholm as its new finance chief, five months after her predecessor left. She fills the spot left vacant by former CFO and executive vice president Robert Dykes, who stepped down in March when the company caught up with its financial filings and took a $900 milli...

    By Kate Plourd • Aug. 15, 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

    Making Less Money, and Loving It

    CFOs at nonprofit organizations generally make less money, work more hours, and have fewer resources than their counterparts who work in the profit-making sector. But they’re not complaining. Many finance chiefs who have made the leap to tax-exempt companies say they are involved in an avocation,...

    By Theresa Sullivan Barger • Aug. 15, 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

    After Nearly Two Years, Company Names CFO

    Insituform Technologies Inc. has found a chief financial officer after the position remained vacant for 19 months.The provider of sewer services and technologies promoted vice president and controller David Martin to vice president and CFO. A 14-year veteran of the company, he became the principa...

    By Stephen Taub • Aug. 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

    Gannett Revises Comp Buyout Triggers

    Gannett Co. has revised the employment contracts of its CEO and CFO, essentially putting in place provisions that would accelerate payments of the duo’s deferred compensation and retirement plans if the company is sold. Gannett said the changes were made to comply with tax rules, and to clarify t...

    By Stephen Taub • Aug. 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

    Lockheed CFOs Fly High to New Spots

    Bruce Tanner will take over CFO duties at Lockheed Martin, replacing Christopher Kubasik, who has held the finance chief role for more than six years. Tanner, currently a finance executive in one of Lockheed’s four divisions, will now be responsible for the entire company’s financial strategies, ...

    By Sarah Johnson • Aug. 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

    Pension Penalty: Tell Employees to Diversify, or Else

    It’s official: beginning October 9, the Department of Labor can hand out civil penalties — albeit small ones — to corporations that fail to tell employees they can diversify holdings in company-sponsored retirement plans. That includes notifying workers they can divest the company’s own stock.The...

    By Sarah Johnson • Aug. 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

    Chrysler Names Kolka CFO

    As part of a series of finance-department promotions, the new privately held Chrysler has named Ronald E. Kolka senior vice president and chief financial officer. Kolka, formerly vice president–corporate finance, will take on expanded responsibilities, including oversight of the treasury and tax ...

    By Stephen Taub • Aug. 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 August 10

    • Goodyear Rubber and Tire has named W. Mark Schmitz as its CFO and executive vice president, replacing Richard Kramer, who was named president of Goodyear’s North American Tire unit in March. Schmitz has held an array of financial positions at large public companies, including Tyco Internationa...

    By Kate Plourd • Aug. 9, 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 CFO’s Bad Movie: At Least It Was Short

    Infineon Technologies, Europe’s second-largest semiconductor maker, fired its finance chief after just three months on the job. The company said it “released” Rudiger A. Gunther, its CFO and labor director, citing “irreconcilable differences.” He had been appointed to its board in April, and bec...

    By Stephen Taub • Aug. 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

    Maxim Taps Broadcom’s Kiddoo

    Maxim Integrated Products named Bruce Kiddoo vice president of finance. He will assume the chief financial officer title following the completion of the Maxim’s restatement.The manufacturer of analog and mixed-signal integrated circuits, which has a market capitalization of $10 billion, disclosed...

    By Stephen Taub • Aug. 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 Nab the COO Spot

    As part of a high-profile shake-up of its management ranks, The Bear Stearns Cos. announced that Samuel L. Molinaro Jr. will take on COO duties along with his current responsibilities as CFO. The investment bank made the announcement on Sunday following the resignation of Warren Spector as presi...

    By Stephen Taub • Aug. 6, 2007