Human Capital: Page 124

  • 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 Some, Enrollment Is the Beginning—and the End

    Enrolling employees in the company 401(k) plan involuntarily is a surefire way to boost participation rates, a new study reports, but it also creates a group of investors who don’t manage their plans well.The survey, conducted by human-resources consulting firm Hewitt Associates, finds that when ...

    By Joseph McCafferty • Dec. 28, 2006
  • 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 Steps Up Probe of UnitedHealth

    UnitedHealth Group said the Securities and Exchange Commission has launched a formal probe of its stock option practices. The health insurer reported last May that it was the subject of an informal inquiry.Last week, the company estimated that the total pre-tax non-cash charges for stock-based co...

    By Stephen Taub • Dec. 27, 2006
  • 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

    Best of 2006: Careers

    Maybe your resolutions for 2007 are more ambitious than the standard “eat less junk food” and “exercise more” goals. Have you considered “find a new job”?Of course, just like scaling back on an M&M’s fetish, thinking about a job change is much easier than actually going ahead and doing it. We...

    By CFO Editorial Staff • Dec. 27, 2006
  • 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

    Speech Therapy

    Finance executives are increasingly taking the stage to communicate corporate strategy to analysts, shareholders, employees, and boards. But many of them readily admit they’d rather hold a lightning rod in a thunderstorm than a microphone on stage.Little wonder, then, that presentation coaching i...

    By Laura DeMars • Dec. 27, 2006
  • 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 Tweaks Pay Disclosure Rules

    The Securities and Exchange Commission has adopted new rules for how companies should disclose executive and director compensation.The regulator said the rules should more closely conform with the reporting of stock and option awards under the Financial Accounting Standards Board’s Statement of F...

    By Stephen Taub • Dec. 26, 2006
  • 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

    Backdating Scandal Costs Broadcom Ex-CFO $33 Million

    The options-backdating scandal is costing former Broadcom chief financial officer William Ruehle nearly $33 million.That is the amount of money Ruehle, who resigned in September, stands to lose after the semiconductor maker canceled his options to purchase more than 1.8 million shares of Class A ...

    By Stephen Taub • Dec. 22, 2006
  • 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 Names New CFO

    The regulator that scrutinizes the work of public companies’ CFOs is losing its own finance chief. Margaret Carpenter is retiring as the SEC’s chief financial officer after more than 32 years of working in the federal government. Kristine Chadwick will take over as CFO and associate executive dir...

    By Sarah Johnson • Dec. 21, 2006
  • 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 December 22

    • Dell has named Donald Carty vice chairman and chief financial officer, effective January 1. He replaces James Schneider, who will be executive chairman of Frontier Bancshares. Schneider, who had been with Dell since 1996, agreed to remain with Dell through the end of the current fiscal year to ...

    By Sarah Johnson • Dec. 21, 2006
  • 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 Takes $900 Million Option Charge

    Juniper Networks said it will take a $900 million non-cash charge for stock-based compensation expenses stemming from erroneously dated options grants. The networking company said the write-offs relate to options granted between June 9, 1999 and December 31, 2003.This is one of the largest charge...

    By Stephen Taub • Dec. 21, 2006
  • 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

    Lights, Camera, Profit

    Flush with cash and never short on confidence, hedge funds are luring finance chiefs away from their corporate confines in increasing numbers. Fred Watt, the former finance director of Royal Bank of Scotland, recently joined the board of fund manager Old Oak Holdings, while Naguib Kheraj, who ann...

    By Jason Karaian • Dec. 21, 2006
  • 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

    Options Probe Claims Forrester’s CFO

    Forrester Research said its Chief Financial Officer and Treasurer Warren Hadley has resigned, effective immediately. The market research firm said the departure is a result of initial findings of an internal investigation that uncovered irregularities with respect to an option grant for 5,000 sha...

    By Stephen Taub • Dec. 20, 2006
  • 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

    Dell Names Carty CFO

    Dell has named Donald J. Carty vice chairman and chief financial officer, effective January 1. He replaces James M. Schneider, who recently agreed to become executive chairman of Frontier Bancshares Inc. Schneider, who had been with Dell since September 1996, agreed to remain with the company thr...

    By Stephen Taub • Dec. 20, 2006
  • 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

    Good Economy Sparks Employee Revenge

    What a difference a strong economy makes. After several years of economic growth and a declining unemployment rate, workers are once again feeling confident about leaving jobs they don’t like. More than 75 percent of employees are currently looking for new jobs, according to an annual survey by t...

    By Stephen Taub • Dec. 19, 2006
  • 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

    Broadcom Cancels Backdaters’ Options

    Broadcom Corp. has discovered that a number of executives and employees deliberately backdated stock option grants over a period of four and a half years, the company announced Monday.The company also said it will cancel some $37 million worth of outstanding unexercised options held by three of t...

    By Stephen Taub • Dec. 18, 2006
  • 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 Cites Misconduct by Ex-Officers

    Apollo Group has announced that a seven-month probe by a special committee of outside directors found that certain former officers took steps that may have been intended to mask failures in the stock-option-grant approval process. Further, the potential cover-up involves the company’s financial r...

    By Stephen Taub • Dec. 15, 2006
  • 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: Pension Plans Equal Risk

    Findings from a new study suggest that the growing trend among companies to freeze or close down their traditional pension funds will not abate.According to a survey conducted by Mercer Human Resource Consulting, 56 percent of companies worldwide reported that their pension plans represent at lea...

    By Stephen Taub • Dec. 14, 2006
  • 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 December 15

    • Hewlett-Packard’s chief financial officer, Robert Wayman, said he will retire, effective December 31. He will be succeeded by the company’s treasurer and senior vice president, Cathie Lesjak. Wayman will retain his board seat and continue to be an HP employee until March. In January 2006, Wayma...

    By Sarah Johnson • Dec. 14, 2006
  • 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

    Coherent Faces Informal SEC Probe

    Another company’s options granting practices are being investigated by the Securities and Exchange Commission. Coherent Inc., which makes lasers for commercial and scientific uses, said it received an informal inquiry from the San Francisco office of the SEC relating to the company’s past grantin...

    By Stephen Taub • Dec. 14, 2006
  • 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

    Et tu, Brute?

    In the world of corporate intrigue, senior executives often make use of sharp elbows and are known occasionally to resort to backstabbing. Playing politics is an inevitable fact of business life. With this in mind, the Saïd Business School at Britain’s Oxford University recently kicked off an exe...

    By Jason Karaian • Dec. 14, 2006
  • 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

    Corporate Finance Hiring Flat in Q1 2007

    Chief financial officers expect hiring in the corporate finance department to be flat during the first quarter of the new year, with 90 percent of the finance chiefs indicating that their hiring plans will remain the same as the last quarter of 2006. However, of the 1,400 CFOs surveyed in the Rob...

    By Stephen Taub • Dec. 13, 2006
  • 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 Bitten by Backdating

    Monster Worldwide announced on Wednesday a charge of $339.6 million for stock options granted between 1997 and March 31, 2003 after a special committee determined that a “substantial number of stock option grants” had an incorrect exercise price as a result of incorrectly dated grants.“In a signi...

    By Stephen Taub • Dec. 13, 2006
  • 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 Take Four for Take-Two

    Video game software maker Take-Two Interactive, best-known for its blockbuster “Grand Theft Auto” series, has become the latest among a long list of companies that will revise prior results after discovering that stock option grants had been assigned dates that differed from the actual date of th...

    By Stephen Taub • Dec. 11, 2006
  • 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

    HP CFO Wayman to Retire

    Hewlett-Packard’s chief financial officer, Robert Wayman, said he will retire effective Dec. 31.He will be succeeded by the company’s treasurer and senior vice president, Cathie Lesjak. Wayman, 61, will retain his board seat until the company’s 2007 annual meeting in March, but will not stand for...

    By Stephen Taub • Dec. 11, 2006
  • 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

    Report: Delphi Pensions Short $10.6 billion

    The Pension Benefit Guaranty Corp. said Friday that Delphi is now at least $1.25 billion behind in its required pension funding payments, and that its pension account is underfunded by as much as $10.6 billion, according to the Detroit News.Since the embattled auto parts maker filed for bankruptc...

    By Stephen Taub • Dec. 11, 2006
  • 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 to Restate over Options Reporting

    KB Home said it will restate its financials going back to its 2003 fiscal (November) year after a board subcommittee concluded it used incorrect measurement dates for financial reporting purposes for annual stock option grants for the fiscal years 1999 to 2005. The homebuilder added that it estim...

    By Stephen Taub • Dec. 11, 2006