Human Capital: Page 112

  • 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 Suffers Serious Accident

    Eagle Rock Energy Partners said its senior vice president and chief financial officer suffered a serious accident while on vacation last week. It added that the extent of the injuries to the executive, Richard W. FitzGerald, was “unknown at this time.” However, officials at the Houston-based natu...

    By Stephen Taub • July 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

    Cleaning Up the Government’s Books

    Linda Combs, controller of the Office of Management and Budget, is retiring after two years of overseeing the federal government’s financial-management policy.During her watch as OMB controller — which followed stints as CFO of the Department of Transportation and the Environmental Protection Age...

    By Sarah Johnson • July 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

    Fremont Hires New CFO

    Fremont General Corp., a financial-services provider, announced Thursday that Ronald Nicholas Jr. will replace Patrick Lamb as CFO, and will also take on the roles of chief accounting officer, senior vice president, and treasurer. Lamb resigned on Monday, saying he had accepted an offer at anothe...

    By Alan Rappeport • July 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

    VeriSign Restates; CFO Resigns

    After more than 10 years as VeriSign’s CFO, Dana Evan resigned earlier this week. Her resignation comes just as the Internet company released restated financials to account for misdated stock-option grants, and several weeks after former CEO Stratton Sclavos resigned.The company took a noncash, s...

    By Sarah Johnson • July 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

    Dressed for Success: Jones CFO Named CEO

    Wesley R. Card, who held a dual position as CFO and chief operating officer at Jones Apparel Group, was named president and CEO of the company on Thursday. Card replaces Peter Boneparth, who stepped down the same day.Company officials would not comment on the reason for Boneparth’s departure. How...

    By Marie Leone • July 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

    Survey: CFOs Lack Succession Plans

    Despite the high turnover in the CFO profession, most financial executives have no intention of leaving their jobs. Even if they did, their company has no backup plan for filling the position, according to a recent survey from Robert Half Management Resources, a job-search firm.Indeed, 83 percent...

    By Sarah Johnson • July 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 July 13

    • Yankee Candle CFO Bruce Besanko will take on the finance chief role at Circuit City Stores at the end of the month. He has been with the candle retailer for two years after leaving the vice president of finance role at Best Buy, where he worked from 2002 to 2005. He has also worked at Sears, Ro...

    By Sarah Johnson • July 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

    Presto, Change-O: CFO Calls It Quits

    After several years of defending his company to the Securities and Exchange Commission, Randy Lieble, CFO of National Presto Industries, is calling it quits. Lieble will leave the Eau Claire, Wisconsin-based company as finance chief, vice president, secretary, director, and treasurer to become a ...

    By Sarah Johnson • July 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

    Can You Read Me?

    Corporate employees tend to be quantitative types, good with dollars and cents and derivatives. Reading and writing might be another matter, according to a new grammar survey released by the TD Consulting Group.The survey quizzed 130 management and staff-level corporate employees on basic busines...

    By Alan Rappeport • July 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

    TiVo Hooks Up with Interim CFO

    TiVo Inc. hired interim CFO Cal Hoagland to replace Steven Sordello, who had resigned in June to join LinkedIn Corp., an online networking tool. Tivo officials report that the company will continue its search for a permanent finance chief.The 50-year-old Hoagland has been a principal of Financial...

    By Marie Leone • July 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

    How Benefit Shifts Boost Credit Ratings

    Companies may get an added boost–beyond just a balance-sheet improvement–by transferring retiree heath-care benefits to workers. The move could have a modest brightening effect on company’s corporate credit metrics, says a new report from Moody’s Investors Service.The liabilities, known as “other...

    By Marie Leone • July 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

    Dana Swaps Underfunded Plans for Trusts

    Dana Corp. has announced a number of deals that will substantially reduce its operating costs. Most significantly, the bankrupt auto-parts maker said its two largest unions, the United Steel Workers and the United Auto Workers, agreed to replace the company’s health-care and long-term disability ...

    By Stephen Taub • July 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

    It’s about “Team”

    The life of any business manager would be so much more pleasant if one of the classic American myths—that of the lone inventor—were true.If so, management could tell the people who work for them to go to their offices (or cubicles) and stay there until they came up with something that was both tr...

    By Paul B. Brown • July 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

    Early Line: 2008 HMO Prices to Rise 14 Percent

    Containing corporate health-care cost may prove challenging over the next year. According to a preliminary report from Hewitt Associates, health maintenance organization (HMO) premium rates are poised to increase by 14.1 percent in 2008—the highest rate increase in four years.The forecast is base...

    By Stephen Taub • July 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

    CFOs on the Move: Week Ending July 6

    • Merck & Co. has named Peter Kellogg executive vice president and CFO, effective August 14. Currently executive vice president and CFO of Biogen Idec, Kellogg replaces Judy Lewent, who is retiring from Merck after 27 years with the company. She was once considered a strong candidate for chie...

    By Sarah Johnson • July 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

    Apollo: SEC Won’t Take Action

    Apollo Group announced that the Securities and Exchange Commission has completed its investigation of the company’s stock option granting practices. The for-profit education company best known as the operator of the University of Phoenix said the regulator does not intend to recommend any enforce...

    By Stephen Taub • July 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

    Never-ending Story: Enron Botches Payout

    Talk about adding insult to injury. More than 20,000 former Enron employees who received a partial payment for retirement funds they lost due to the scandal were told that they were either overpaid or underpaid because of a software snafu, according to the Associated Press. As a result, some of t...

    By Stephen Taub • July 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

    EFI Demotes Former CFO

    Officials at Electronics For Imaging Inc. (EFI) said the company demoted its chief operating officer and one-time chief financial officer Joseph Cutts in response to the findings and recommendations of an internal investigation. The probe, carried out by a special board committee was investigatin...

    By Stephen Taub • July 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

    M&I Spinoff Names New CFO

    Timothy C. Oliver has been named senior executive vice president and chief financial officer of Metavante Corp., effective July 23. Metavante is the financial technology subsidiary of Marshall & Ilsley, a financial services company that is being split into separate, independent publicly-trade...

    By Stephen Taub • July 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

    SEC Clears Crown Castle

    Officials at Crown Castle International said the Securities and Exchange Commission has completed a probe into various accounting matters without taking any enforcement action. The cell phone tower operator said last summer that the regulator’s investigation included whether grants of stock optio...

    By Stephen Taub • July 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

    Sempra Energy’s Mark Snell

    It looks like the smartest guys in the room were not at Enron but at Sempra Energy. The San Diego–based energy services holding company does what the cowboys from Houston could not do: generate an honest profit. In fact, says CFO Mark Snell, who joined Sempra in 2001, net income from the company’...

    By Marie Leone • July 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

    Slow Justice

    After four years of battling charges that he manipulated earnings, former Gateway CFO John Todd may be off the hook — for now.The Securities and Exchange Commission accused Todd, along with former CEO Jeffrey Weitzen and ex-controller Robert Manza, of boosting the computer maker’s earnings in 200...

    By Laura DeMars • July 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

    GAO: Consultant Conflicts May Slash Pension Returns

    Conflicts of interest between consultants and the pension plans they assist can be costly to employees saving for retirement, according to a new report from the Government Accountability Office.The report comes two years after the Securities and Exchange Commission performed a review of 24 pensio...

    By Alan Rappeport • June 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

    Kellogg to Replace Lewent as Merck CFO

    Merck & Co. has named Peter N. Kellogg executive vice president and chief financial officer, effective August 14, 2007. He is currently serving as executive vice president and chief financial officer of Biogen Idec.Kellogg replaces Judy C. Lewent, who is retiring after spending 27 years with ...

    By Stephen Taub • June 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

    Discovery Uncovers a Need for Four New CFOs

    Discovery Communications has created four new CFO positions to head up the corporate finance function at the company’s U.S. Networks brand businesses. The move is aimed at “increasing shareholder value by providing more robust financial planning and management for Discovery’s U.S. networks,” says...

    By Stephen Taub • June 29, 2007