Human Capital: Page 117

  • 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

    Donut Chain CFO Has Had His Fill

    Michael Phalen has resigned as chief financial officer of Krispy Kreme Doughnuts amid a number of changes to the company’s executive ranks and board of directors.The donut chain — which was “kremed” several years ago by a series of events, from the advent of the Atkins diet, to franchisee allegat...

    By Stephen Taub • April 24, 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

    Made in India: Bargain Finance Execs

    Global companies looking to cut costs by basing more finance, marketing, and HR directors overseas may gain some support from a new survey from Mercer Human Resource Consulting. The 15-country Mercer survey, not surprisingly, shows U.S.-based executives in those fields earning the highest salarie...

    By Roy Harris • April 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

    Nix Degrees Of Separation

    Tuition-assistance programs(TAP) are an often overlookedemployee benefit — overlooked byemployers, that is. Employees understandthe value of such programs alltoo well, often using them to underwritea degree that will lead to a newjob or even a new career.The problem, according to E. Faith Ivery, ...

    By Laura DeMars • April 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

    House Votes Yea to “Say on Pay”

    In a 269-134 decision, the House of Representatives voted to give shareholders a nonbinding, advisory vote on senior executives’ pay packages. The bill was passed on Friday despite opposition from business advocates and lack of widespread support for similar shareholder proposals at companies thi...

    By Sarah Johnson • April 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

    Management Advice: Vive la Différence!

    No matter what the dilemma, the advice is always the same: Think differently.Confronted with a strategy problem you can’t resolve? You know the advice: Think differently!A staffing issue that’s impossible to untangle: Think differently!You need to reconcile directives from above that are simply n...

    By Paul B. Brown • April 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

    Early Departure at JetBlue

    JetBlue Airways announced that senior vice president, chief accounting officer, and controller Holly Nelson has resigned, effective April 24.Nelson has been with the airline since 2001. The company did not offer a reason for her departure.She will be succeeded by Edward Barnes, who was named vice...

    By Stephen Taub • April 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

    Traditional Pension Funds: Healthy but Dying?

    Sometimes dying branches must be culled for the good of the tree. America’s traditional corporate pension funds have showed renewed vitality this year, offering steady returns and fewer liabilities. But their current well-being may stem in part from the shakeout of liabilities from the most volat...

    By Alan Rappeport • April 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

    CFOs on the Move: Week Ending April 20

    • Saks Inc. has promoted Kevin Wills to executive vice president and CFO, effective May 4, the same day Michael Archbold had been slated to take on the role. Archbold resigned last week as executive vice president and chief financial and administrative officer of Saks Fifth Avenue to take on the ...

    By Sarah Johnson • April 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

    CFOs Eye New Companies, New Jobs

    Fully 29 percent of chief financial officers and senior controllers plan to retire or to leave their company within the next three years, according to a survey of 135 U.S.-based finance executives by Grant Thornton.Their feelings toward the boss may have something to do with their decision. Some ...

    By Stephen Taub and Dave Cook • April 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

    User’s Guide to SEC Pay-disclosure Rules

    As CFOs tussle this proxy season with the complexities of the Securities and Exchange Commission’s new disclosure rules for executive pay, Moody’s Investors Service is coming out with a user’s guide to help shareholders benefit from the disclosures.By calling for more information from companies, ...

    By Roy Harris • April 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

    Apple CFO Downloaded $71M

    Peter Oppenheimer, senior vice president and chief financial officer of Apple Inc., earned more than $71 million last year, making him one of the highest-paid finance executives.Oppenheimer received a salary of $615,000 and a bonus of $450,000, which was actually $100,000 less than his bonus in 2...

    By Stephen Taub • April 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

    PBGC Settlement for Auto-parts Maker

    In a court filing, Collins & Aikman disclosed that it has agreed to a $96 million settlement with the Pension Benefit Guaranty Corp., according to the Associated Press.The auto-parts maker has been operating under Chapter 11 protection since May 2005. According to the AP, Collins & Aikman...

    By Stephen Taub • April 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

    Making Less with More

    The good news about America’s economy is that jobs are plentiful despite slower growth and the housing blues. Some 180,000 new jobs were created in March and the unemployment rate fell to 4.4 percent, three-tenths of a percentage point lower than a year ago. With employment and wage growth strong...

    By Economist Staff • April 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

    Take-Two Details Ex-CFO’s Severance

    Take-Two Interactive Software has detailed the severance payment for Karl Winters, who resigned last week as chief financial officer.Winters will serve as a consultant to the company, best-known for the “Grand Theft Auto” series of video games, for three months at $25,000 per month. In addition, ...

    By Stephen Taub • April 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

    Nardelli Took Home $134M Last Year

    Robert Nardelli, who resigned as chairman, president, and chief executive officer of The Home Depot in January, earned $134.5 million last year. His total severance package has been valued at $210 million.According to the company’s 2006 proxy, filed Friday, last year Nardelli received a $2.3 mill...

    By Stephen Taub • April 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

    Delta Pilots Take Cash, Not Shares

    As embattled Delta Air Lines prepares to lift off from bankruptcy later this month, the pilots union announced it had raised $1.16 billion by selling 92 percent of its $2.1 billion unsecured claim against the airline, reported Bloomberg.This works out to 60 cents on the dollar. Bloomberg noted th...

    By Stephen Taub • April 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

    Former SEC Commissioner Needham Dies

    James J. Needham, the first SEC commissioner to have been a practicing public accountant and the first full-time, salaried chairman of the New York Stock Exchange, has died. He was 80.Needham, whose three years at the Securities and Exchange Commission began in July 1969, was credited with speaki...

    By Stephen Taub • April 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

    CFOs on the Move: Week Ending April 13

    • Karl Winters has resigned as CFO of Take-Two Interactive Software, which created the “Grand Theft Auto” videogame. Lainie Goldstein, senior vice president of finance, was named interim CFO. The company is searching for a permanent finance chief. Goldstein joined Take-Two in 2003 after seven yea...

    By Sarah Johnson • April 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

    Monster’s CEO May Be a Customer, Too

    William M. Pastore has resigned as president and chief executive officer of Monster Worldwide, effective immediately. In a press release, the careers and recruitment company stressed that the change was made by agreement with the board of directors.Pastore was tapped as CEO only six months ago af...

    By Dave Cook and Stephen Taub • April 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

    Pension Plans: Only the Strong Survive

    The funded status of the 100 largest defined-benefit pension plans has improved to nearly 100 percent, thanks in large part to strong investment returns in 2006, according to a new study from actuarial consultancy Milliman. In addition, rising interest rates moderated pension obligations slightly...

    By Stephen Taub • April 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

    Warning-track Power for “Say on Pay”

    In this year’s first votes to determine whether shareholders can have a “say on pay,” shareholders at Morgan Stanley and Bank of New York fell a little short.Had the measures passed, at future meetings investors would have been entitled to cast a nonbinding, advisory vote on executive compensatio...

    By Stephen Taub • April 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

    CFO Quits Troubled Amgen

    Amgen announced that Richard Nanula has resigned as executive vice president and chief financial officer, saying he is leaving “to pursue other opportunities.” Nanula is being replaced by Robert Bradway, who will be responsible for Amgen’s finance, strategy, and investor relations operations.Amge...

    By Stephen Taub • April 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

    Big Shoes to Fill?

    Not so long ago, when Thomas Henne was an up-and-coming divisional controller at ZF Friedrichshafen and was taking part in a management development course with 25 “high potentials” from other parts of the company, a thought suddenly occurred to him: “There’s no other job better than the one I hav...

    By Janet Kersnar • April 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

    KB Home Faces ERISA Suit over Options

    KB Home disclosed Monday that it is the target of a lawsuit alleging violations of the Employee Retirement Income Security Act, stemming from backdated stock options.In a regulatory filing, the homebuilder stated that the complaint was filed last month in U.S. District Court for the Central Distr...

    By Stephen Taub • April 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

    “Say on Pay” Kicks Off Tuesday

    This year’s first votes to determine whether shareholders can have a “say on pay” will take place Tuesday at the annual meetings of Bank of New York and Morgan Stanley. Should the measures pass, at future meetings investors will be entitled to cast a nonbinding, advisory vote on executive compens...

    By Stephen Taub • April 6, 2007