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

    Remote Control

    It’s hard to know what’s most alarming about a recent global survey on corporate crime from PricewaterhouseCoopers. Is it that the 3,600 respondents found that financial misreporting, money laundering, and other economic crimes have been increasing lately? Or is it that these events don’t seem to...

    By Janet Kersnar • March 16, 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

    Big Bucks for Big-company Finance Chiefs

    Sallie Krawcheck, chief financial officer of Citigroup Inc., earned nearly $10 million last year, including a bonus of $5.3 million, restricted stock and deferred stock awards totaling $4.3 million, and a salary of $500,000. In a detailed table of perks — which will be required if the Securities ...

    By Stephen Taub • March 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

    Bigger Fish, Smaller Pond

    Having amassed more than 15 years’ experience at IBM Corp. on a steady ascent toward the top finance job, J. Donald “J.D.” Sherman did what any sensible executive would do: he chucked it all to become CFO at a company 1/300 the size of IBM.Sherman’s experience is not at all peculiar; many senior ...

    By Scott Leibs • March 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

    Staples’ John Mahoney

    This year, both Staples Inc., the world’s largest office-products company, and its CFO, John Mahoney, celebrate milestones. The company, which started in a Boston suburb with one store, turns 20 years old and now counts more than 1,780 stores and serves customers in 21 countries. Its sales hit $1...

    By Lori Calabro • March 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

    Help Wanted

    Several years ago, managers at heavy industrial manufacturer Ingersoll-Rand Co. were looking to hire 60 welders to help build heavy drilling machines in Texas. What they got was a lesson in immigration law. Human-resource managers at the Bermuda-headquartered company scouted the United States for...

    By Don Durfee • March 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

    Change at the Exchange

    With the New York Stock Exchange and Archipelago Holdings merger nearly complete, the role of executive vice president of strategy at the new entity would seem full of growth opportunities. But that is apparently not enough for Amy Butte, the NYSE finance chief who announced her resignation last ...

    By Kate O'Sullivan • March 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

    Are You Overworked?

    What do CFOs and godfather of soul James Brown have in common? Reportedly, they are hardest working “men” in their respective businesses. At least that’s the conclusion of a new study that interviewed 60 CFOs from the largest companies in the U.S. and Europe.Since passage of the Sarbanes-Oxley Ac...

    By Marie Leone • March 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

    Option-grant Timing Eyed at Comverse

    Is Comverse Technology Inc. the latest company to run into timing problems with its options awards?On Tuesday, the maker of equipment for telecommunications networks announced that it may need to restate its financials, although the company has not determined the years that would be affected. In ...

    By Stephen Taub • March 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

    Mid-cap CFOs Get Big Pay Packages

    You didn’t have to work for a large company to have earned large sums of money in 2005. Just ask the finance chiefs at several mid-cap companies whose incentive pay dwarfed salaries.For example, Sean Hennessy, chief financial officer and senior vice president of finance for Sherwin-Williams, a $6...

    By Stephen Taub • March 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

    CFOs on the Move

    • United Rentals Inc. named Martin E. Welch executive vice president and chief financial officer on a permanent basis; had been interim CFO of the Greenwich, Connecticut-based equipment rental company since September. Before joining United Rentals, Welch most recently was director and business ad...

    By Lisa Yoon • March 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

    Filling the Void

    A high-flying career in finance is often all about being in the right place at the right time. But in Frederick “Fritz” Henderson’s case, it was more than that. The 47-year-old — who’s just left his job as vice chairman of GM Europe to become group CFO of the loss-making car maker in Detroit — ca...

    By Janet Kersnar • March 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

    HP Sued over Fiorina’s Severance

    Two shareholders are suing Hewlett-Packard Co., alleging that it broke company policy when it awarded a severance package to former chief executive officer Carly Fiorina, according to published reports.Pension funds for the Indiana Electrical Workers union and the Service Employees International ...

    By Stephen Taub • March 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

    People Skills Deserve More Respect

    The quality that leaders respect most in other leaders is the ability to bring in financial results, according to a recent report by talent-development consultancy Development Dimensions International. In DDI’s fourth annual survey, nearly 5,000 “leaders” and human resources representatives aroun...

    By Lisa Yoon • March 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

    SEC Eyes Outsourcer’s Options Grants

    Affiliated Computer Services Inc. announced that the Securities and Exchange Commission has launched an informal investigation into stock-option grants made by the company from October 1998 through March 2005.In a regulatory filing, the Dallas-based technology outsourcer stated that it is coopera...

    By Stephen Taub • March 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

    CFOs on the Move

    • Fairchild Semiconductor named Mark S. Frey executive vice president and chief financial officer. Previously, Frey was vice president of finance and corporate controller for Lam Research Corp., a supplier of wafer fabrication equipment and services to the semiconductor industry. He has also serv...

    By Lisa Yoon • March 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

    Huge Payouts for CFOs with Options

    Several top finance executives took home big cash payout last year, in many cases based on large options exercises.For example, Murray Demo, executive vice president and CFO with Adobe Systems, earned a little more than $13 million in 2005. This includes more than $12.2 million in realized gains ...

    By Stephen Taub • March 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

    More Questions from Finance Recruiters

    Whatever the season, executive recruiters don’t hesitate to throw hardball questions — and not only about finance. One recruiter likes to compare a candidate’s self-opinion with the assessment on the Street; another prefers to probe just what the candidate really wants from a new position. At you...

    By Lisa Yoon • March 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

    Benefit System Collapse Possible: GAO

    Since productivity growth won’t support the rising cost of health-care and other benefits, the entire “employer-sponsored system of benefits in its current form may be unsustainable,” according to a panel of 17 experts questioned by the U.S. Government Accountability Office.Indeed, the panel agre...

    By David Katz • Feb. 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

    Taxing Problem in Long-term Compensation

    When the Financial Accounting Standards Board tackled options expensing by introducing FAS 123R, accounting concerns were on the top of the agenda for many companies. But tax implications play a part, too.CFOs and other executives who determine a company’s pay structure may, in fact, find themsel...

    By Lisa Yoon • Feb. 24, 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

    • Charles E. Golden, executive vice president and chief financial officer of Indianapolis-based pharmaceutical giant Eli Lilly and Co., will retire from that position and from the board of directors, effective April 30. Golden joined Lilly in 1996 after 26 years at General Motors, where his roles...

    By Lisa Yoon • Feb. 24, 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

    Hire Power

    Online job postings may be old hat, but as the market for qualified finance staffers tightens, companies are using the Web in new ways. The goal now is to not just streamline what has long been an arduous manual recruiting process, but to actively court people with the right skills — even if they...

    By Karen M. Kroll • Feb. 24, 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

    Diverse Directors in Short Supply

    At the 200 largest companies in the Standard & Poor’s 500, 16 percent of directors are women and 15 percent are minorities. The overall supply of qualified business executives is still low, however, according to a new report by executive recruiting firm Spencer Stuart.To increase the numbers ...

    By Dave Cook • Feb. 23, 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

    The Retirement Age

    It’s no secret that the 76 million Americans born between 1946 and 1964 — the baby boomers — have been driving cultural trends since their infancy, from rock ‘n’ roll to Rogaine to real estate. But the next boomer trend will likely have the biggest impact on Corporate America yet: retirement.With...

    By Melissa Hennessy • Feb. 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

    Finders Keepers

    It’s not about the money. Companies that experience high rates of employee turnover will likely find that it’s not salary issues that cause workers to walk out the door.Instead, employees are looking for benefits, training, and flexibility. “The average employee wants to make a difference,” says ...

    By Laura DeMars • Feb. 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

    Forgotten, but Not Gone

    Consider it another nail in the coffin of defined-benefit (DB) plans. In November, Congress drafted legislation that could require companies to fully fund their plans. Then, in December, the Financial Accounting Standards Board announced that it will consider tougher pension-accounting rules.The ...

    By Laura DeMars • Feb. 21, 2006