Human Capital: Page

  • 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

    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

    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

    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

    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

    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

    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

    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

    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
  • 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

    Dunn to Leave the SEC

    Martin Dunn, the number two official at the Securities and Exchange Commission unit that watches over initial public offerings and financial statement reporting is leaving the agency to become a partner at an international law firm. The SEC made the announcement on Monday noting that Dunn, the cu...

    By Kate Plourd • Aug. 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

    Suit Reversal Clarifies 401(k) “Participant”

    Executives at Conexant Systems accused of breaching their fiduciary duty in guarding the company’s 401(k) plan likely breathed a sigh of relief when the case was thrown out last year. But an appeals court has given it new life by affirming that even if a former employee has cashed out of a plan, ...

    By Sarah Johnson • Aug. 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

    Investor Sues 20 Eclipsys Execs

    An investor in Eclipsys Corp. is suing 20 of the company’s past and current officers and directors stemming from the company’s admissions of stock options backdating, according to the Daily Business Review..Michael L. Hiers alleges that the scheme defrauded the company and its stockholders of mil...

    By Stephen Taub • Aug. 2, 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

    Unilever Snags General Mills CFO

    One of the world’s largest food and consumer goods suppliers, Unilever, has hired the CFO of General Mills to become its finance chief.Unilever, which owns brands such as Dove soap, Slimfast and Wishbone salad dressings, announced Wednesday that James Lawrence, former vice chairman and CFO of Gen...

    By Kate Plourd • Aug. 2, 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

    PCAOB’s CIO Departs

    Ray Schmidt, the chief information officer of the Public Company Accounting Oversight Board has resigned from his position to work in the private sector, the PCAOB announced Wednesday.Schmidt worked at the PCAOB since its inception nearly five years ago and has been responsible for developing the...

    By Alan Rappeport • Aug. 2, 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-CNet Officers Receive SEC Subpoenas

    CNet Networks Inc. said the Securities and Exchange Commission has issued a formal order of investigation and served subpoenas on several former officers in connection with its inquiry into the company’s stock option grants. It did not name the executives.The technology-oriented website noted tha...

    By Stephen Taub • Aug. 2, 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 3

    • GE CFO Keith Sherin was promoted to vice chairman. Finance chief for the past decade, Sherin has been with GE for 26 years. Chairman and CEO Jeff Immelt said Sherin is “one of the most talented and respected CFOs in the world.” • International food and consumer producer Unilever bypassed inte...

    By Kate Plourd • Aug. 2, 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 Real Deal

    This is the first in a series of articles on CFOs in particular industries.Financial skills are, as executive recruiters like to say, fungible. In fact, more than 50 percent of new CFO hires come from outside their industry. But sometimes, says Scott Simmons, vice president of executive recruitin...

    By Laura DeMars • Aug. 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

    CFO Backdated to Make Up for Salary Cuts

    The Securities and Exchange Commission has settled charges with a semiconductor company and its former chief financial officer alleging that they engaged in a long-running fraudulent scheme to backdate stock option grants. Under the deal, the former finance executive, Gary L. Fischer, agreed to p...

    By Stephen Taub • Aug. 1, 2007