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

    Emcore Execs Give Back Options Gains

    Two top executives of semiconductor products maker Emcore Corp. said they will return gains from exercising stock options after an internal review of the company’s previous grants revealed several improper practices.Emcore said that company Chief Executive Officer Reuben Richards voluntarily retu...

    By Stephen Taub • Nov. 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

    Healthcare Tax Subsidies Soar

    When the leaders of the three major U.S. automakers met with President Bush on Tuesday, one of the main topics of conversation was the spiraling cost of providing health care benefits to their employees. Indeed, the Associated Press pointed out that the Big Three spend more per vehicle on health ...

    By Stephen Taub • Nov. 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

    Jabil, Fossil Get Caught in Options Mess

    Jabil Circuit said it will need to restate its 2005 financials and related disclosures as a result of a special review of its historical stock option grants. The maker of electronic components for mobile phones and computers had previously disclosed shareholder lawsuits related to the grants.In a...

    By Stephen Taub • Nov. 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

    Bank Reports Client Backdating Risks

    A leading lender to venture capital-backed technology companies has warned investors that it is vulnerable to the risk that some of its client-borrowers might become ensnared in the backdating scandal. In a regulatory filing last week, Santa Clara, Calif.-based SVB Financial Group, which operates...

    By Stephen Taub • Nov. 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

    KB Home CEO Resigns Over Backdating

    The ever-widening options backdating scandal has claimed the career of another top executive. Bruce Karatz has “retired” as chairman, chief executive officer and director of KB Home after an internal investigation found that he and Gary A. Ray, the head of human resources, “selected grant dates u...

    By Stephen Taub • Nov. 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

    Adobe CFO Leaves after Six Months

    Randy Furr has resigned as executive vice president and chief financial officer of Adobe Systems, effective immediately. The company, best known for its Acrobat Reader software, said he will remain an employee through the end of the year to assist with the transition.Adobe made it clear in a pres...

    By Stephen Taub • Nov. 10, 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 Probes Getty Images over Options

    Getty Images announced on Thursday that the Securities and Exchange Commission is in the midst of an informal inquiry into the company’s stock-option-granting practices. In addition, Getty’s board announced that a special committee has been established to conduct an internal investigation related...

    By Marie Leone • Nov. 10, 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

    Wendy’s Promotes CFO to CEO

    Wendy’s International has promoted former chief financial officer Kerrii Anderson to chief executive officer and president, posts she had held on an interim basis since April. “Following a national search over the past six months, we have decided that Kerrii is our best choice for CEO,” said chai...

    By Stephen Taub • Nov. 10, 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

    Viacom CFO Resigns

    Viacom Inc. announced late Wednesday that Executive Vice President and Chief Financial Officer Michael J. Dolan will leave the media giant at the end of 2006. Thomas Dooley, senior executive vice president and chief administrative officer, will assume the CFO duties. The programming and entertain...

    By Stephen Taub • Nov. 9, 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

    • Viacom has announced that Executive Vice President and Chief Financial Officer Michael Dolan will leave the media giant at the end of 2006. Thomas Dooley, senior executive vice president and chief administrative officer, will assume the CFO duties. Before joining Viacom, Dooley was co-chairman...

    By Sarah Johnson • Nov. 9, 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

    Financial Donations

    Curling up in bed with your laptop is surely one sign that you need a long holiday. But in Graham Howe’s case, he had an excuse. He was on a ten-day trek to the North Pole, and needed to keep the laptop screen from freezing so he could post morning progress reports via satellite phone to his webs...

    By Jason Sumner • Nov. 9, 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

    UnitedHealth CFO Resigns Amid Overhaul

    Patrick Erlandson has resigned as CFO of UnitedHealth Group as part of sweeping compensation and governance changes announced by one of the largest companies to be caught up in the options backdating scandal. The company said Erlandson, who has served as CFO since, 2001, will assume operational d...

    By Stephen Taub • Nov. 8, 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

    Kozlowski Sells $10 Million Mansion

    Currently a denizen of Mid-State Correctional Facility, a medium-security state prison in Marcy, N.Y., Dennis Kozlowski is putting his Colorado mountain retreat up for sale for $10 million, according to Bloomberg. The former chief executive officer of Tyco International Ltd., who is serving an 8 ...

    By Stephen Taub • Nov. 8, 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

    In Stable Condition?

    First, the good news: In 2007, employerscould enjoy the smallest health-care cost increase since2000. Now the bad news: that increase is still likely to be much higher than the rate of inflation.Health-care premiums rose just 7.7 percent in 2006, compared to 9.2 percent in 2005 and13.9 percent in...

    By Laura DeMars • Nov. 8, 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

    A Farewell to Perks?

    Few things enrage shareholder activists—especially those who fly coach—as much as executive perks.In the scandals of recent years there have been some doozies exposed, like the $2 million party for Dennis Koslowski’s wife. And plenty of exemplary companies, like General Electric Co., have suffere...

    By Don Durfee • Nov. 7, 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

    Citigroup to Freeze Pension Plan

    Citigroup is the latest among a growing number of very large, old-line companies to alter its pension plans. The financial services giant plans to stop contributing to its main U.S. pension plan beginning in 2008, according to Reuters, which claims to have seen an internal memo. About 150,000 emp...

    By Stephen Taub • Nov. 6, 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 CFO Resigns, Company Restates

    Apollo Group says chief financial officer and treasurer Kenda B. Gonzales resigned earlier this week for personal reasons, and that chief accounting officer Dan Bachus is currently on administrative leave. The company did not provide additional information about the two finance executives.In the ...

    By Stephen Taub • Nov. 3, 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

    Ford to Flatten Wages, Curb Benefit Spend

    “The Way Forward” — Ford Motor Co.’s plan to streamline its North American operation — apparently will include flatter wages and increased worker responsibility for benefits.The struggling auto giant’s salaried workers learned that next year their wages will stay right where they are and that the...

    By Stephen Taub • Nov. 3, 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

    • Royal Caribbean Cruises has promoted executive vice president of revenue performance Brian Rice to chief financial officer. Rice will replace Luis Leon, who will retire as CFO after three years with the company. Leon will help with the transition, which is expected to be completed before the e...

    By Sarah Johnson • Nov. 2, 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 Probes Dean Foods, Silicon Image

    Two companies—Dean Foods and Silicon Image—are apparently the newest targets of informal Securities and Exchange Commission probes into corporate stock option practices. Both companies said they would cooperate fully with the inquiries.Last week, Dean reported that it had appointed a special comm...

    By Stephen Taub • Nov. 2, 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

    Pay Up

    The past few years have been good for Occidental Petroleum CFOStephen Chazen. In 2005, he earned nearly $33 million, includinggains on options he exercised and long-term incentive-planpayouts. That puts him at the top of the latest list of highest-paidfinance executives, compiled for CFO magazine...

    By Don Durfee • Nov. 1, 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

    Nvidia to Restate to Fix Options Errors

    Nvidia Corp. expects to restate its financial statements for certain periods to correct errors linked to it accounting for stock-based compensation expense. The semiconductor maker said the affected periods are the fiscal years 2004 through 2006, selected financial statements for earlier years, a...

    By Stephen Taub • Nov. 1, 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

    A Perfect Fit

    It’s the middle of Augustand former Thomasville Furniture IndustriesCFO Paul Dascoli, 45, is riding a300-foot roller coaster at Cedar PointPark with his two fearless teenagers. Buthis mind is on a roller-coaster journey ofits own, contemplating the ramifications of a corporate reorganization that...

    By Alix Stuart • Nov. 1, 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

    Look Before You Sit

    When Howard Atkins, CFO of San Francisco–based Wells Fargo, was asked to join the board of Ingram Micro, a $30 billion technology distribution and sales company, he asked himself many questions and did plenty of homework before accepting the post in 2004. “I had to determine whether the time comm...

    By Laura DeMars • Nov. 1, 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

    Toll Brothers’s Joel Rassman

    The recent downturn in housing has potentiallywide-ranging implications for the U.S. economy. To get someperspective on where this bellwether industry is headed, CFO turned toJoel Rassman, CFO of Toll Brothers, a publicly traded builder ofluxury homes in 50 markets around the country. While Rassm...

    By Ronald Fink • Nov. 1, 2006