Human Capital: Page 144

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    Motivating the Middle

    Executives who need a lesson in the delicate balance between leadership and teamwork should consider a key off-field move made by NFL quarterback Tom Brady.This past spring, the star player, who has won three of the past four Super Bowls for the New England Patriots, agreed to defer nearly half o...

    By Alix Stuart • Oct. 13, 2005
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    Banking Time

    After acquiring five companies in the past five years, Monster Worldwide Inc. found itself with a hodgepodge of policies governing vacation, personal, and sick days. “They were a nightmare to administer,” recalls Greg Limoges, vice president of compensation, benefits, and human-resource informati...

    By Joseph McCafferty • Oct. 13, 2005
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    Moderating Health Costs Still Troubling

    This year’s hike in employer health-care costs is the lowest in six years, according to a new study by Hewitt Associates. And although the 9.2 percent increase for 2005 is expected to be followed by a 9.9 percent rise in 2006, that’s still far below the recent high of 15.2 percent in 2002.“Increa...

    By Craig Schneider • Oct. 12, 2005
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    Nasdaq’s David Warren

    The cost of capital depends, at least in part, on the cost of trading. The latter may soon become more competitive, thanks to the introduction of the Securities and Exchange Commission’s Regulation NMS. Effective next June, the rule will require, among other things, that all stock orders be proce...

    By CFO Editorial Staff • Oct. 11, 2005
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    Pension Bill Now in Doubt

    Who should shoulder the costs of private, traditional defined-benefit pension funds?That question is at the center of a debate that figures to intensify as more old-line companies — such as automakers, airlines, and steel mills — have trouble meeting pension obligations. Indeed, corporate pension...

    By Stephen Taub • Oct. 7, 2005
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    CFOs on the Move

    • Viacom Inc. appointed Susan C. Gordon senior vice president, corporate controller, and chief accounting officer of CBS Corp., effective upon its separation from Viacom. Gordon, who currently holds the same titles at Viacom, joined the media company in 1981. Since then she’s held roles including...

    By Lisa Yoon • Oct. 7, 2005
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    The Top Spot

    This is not an easy time to be running California’s largest investor-owned utility. PG&E Corp. has only recently begun to recover from the biggest calamity of its corporate history: the 2000–2001 California energy crisis. That event, which featured soaring wholesale and retail energy prices, ...

    By Don Durfee • Oct. 7, 2005
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    No Time for Strategy?

    When Peter Barker was appointed Asia Pacific CFO for Cisco Systems back in January this year, he knew his first year was going to be a grind. Thanks to the rigors of complying with America’s tough new Sarbanes-Oxley (Sarbox) corporate governance laws, Barker’s first nine months in office have lar...

    By Justin Wood • Oct. 6, 2005
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    Baseball Fever: Companies Catch It

    When St. Louis Cardinal ace Chris Carpenter (21-5; 2.83 ERA) fired his first pitch on Tuesday afternoon, it marked the start of Major League Baseball’s postseason — and an annual slowdown in worker productivity, according to a new study.In fact, if employees spend just 30 minutes tuning in to the...

    By Marie Leone • Oct. 4, 2005
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    Board Pay Surges by Double Digits

    Average total compensation for directors at the 200 largest U.S. companies has climbed above $195,000 per year, according to a new study by Pearl Meyer & Partners, a practice of Clark Consulting.Total compensation rose 11 percent, for a second straight year of double-digit growth. In addition...

    By Stephen Taub • Oct. 3, 2005
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    Off the Books

    Donald Nicolaisen, chief accountant for the Securities and Exchange Commission, is stepping down this month to return to the private sector.He has served during one of the most active periods in the history of the SEC. During his tenure, Nicolaisen played a prominent role in the implementation of...

    By Craig Schneider • Oct. 1, 2005
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    CFOs on the Move

    • Dutch grocer Ahold appointed John Rishton chief financial officer, effective January 1. He takes over for chief accounting officer Joost Sliepenbeek, who has been serving as interim CFO since September 1, when Hannu Ryopponen left the company.Rishton joins Ahold from British Airways; he joined ...

    By Lisa Yoon • Sept. 30, 2005
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    Higher Power

    Brandishing MBA degrees from universities in the United States, Europe, and Australia, Chinese nationals return in droves to make their mark on their nation’s booming economy. But only a relative few can match management education with experience in the real world. Many multinationals, keen to hi...

    By Sylvia Yu and Yang Jian • Sept. 30, 2005
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    Battle for Starr’s Stake in AIG

    American International Group Inc. is taking former chairman and chief executive officer Maurice R. “Hank” Greenberg to court, seeking control of about $20 billion of AIG shares, according to The Wall Street Journal.The shares, which represent nearly 12 percent of the total outstanding, are held b...

    By Stephen Taub • Sept. 29, 2005
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    WellPoint Merger: Healthy for Companies?

    WellPoint Inc. has agreed to acquire and WellChoice Inc. in a deal valued at $6.5 billion in cash and stock, as the health-insurance business continues to consolidate.WellPoint, the nation’s largest health insurance provider, was created last year when Anthem Inc. bought WellPoint Health Networks...

    By Stephen Taub • Sept. 27, 2005
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    The Human-Capital Factor

    Virtually all forms of IT have been designed to boost employee or corporate performance in some way, but the category called workforce productivity (also known as workforce optimization or human-capital management) is especially fertile. Vendors abound in all its subcategories, and while there ha...

    By Megan Santosus • Sept. 27, 2005
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    European Giants Name New CFOs

    Two of the largest European companies named new chief financial officers on Monday.Paul Polman was tapped as the new finance chief of Switzerland-based Nestlé, the world’s largest food and beverage company. He spent 26 years with Procter & Gamble, most recently as group president of P&G E...

    By Stephen Taub • Sept. 26, 2005
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    Sears Cuts Legacy Costs

    Sears Holdings Corp., the product of the merger between Sears and Kmart, is the latest old-line company making tough decisions regarding its legacy costs so it can better compete with relatively nimbler, younger peers.The retail giant announced that it will no longer pay for health care coverage ...

    By Stephen Taub • Sept. 26, 2005
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    CFOs on the Move

    • William W. Veazey was named senior vice president, chief financial officer, and treasurer of Cargill Inc., a provider of food, agricultural, and risk management products and services that is the largest privately held company in the United States, according to Forbes. Veazey most recently serve...

    By Lisa Yoon • Sept. 23, 2005
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    Andrx CFO Abruptly Resigns

    Andrx Corp., a manufacturer of generic drugs, announced that chief financial officer John Hanson has resigned. Andrx gave no reason for his departure.The Fort Lauderdale-based company added that president Angelo C. Malahias will assume the additional role of chief financial officer on an interim ...

    By Stephen Taub • Sept. 22, 2005
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    Building a Better Workforce

    Fifty years ago, a man wrote to Look magazine columnist Norman Vincent Peale, asking, “What should a person do who is unhappy and bored in his job after twenty years, but who earns a nice salary and hasn’t the nerve to leave? He’ll never go any higher in salary and position, but will always have ...

    By Scott Leibs • Sept. 21, 2005
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    Cargill Names Veazey CFO

    William W. Veazey was named senior vice president, chief financial officer and treasurer of Cargill Inc., succeeding Robert L. Lumpkins, who served as CFO since 1989. Lumpkins continues as Cargill vice chairman and a member of the company’s board of directors.Veazey most recently served as corpor...

    By Stephen Taub • Sept. 16, 2005
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    IBM Nudges Employees to Teach

    A growing number of companies are acknowledging that they must take an active role in improving the quality of education in the United States. Their concern: In the future, they may be unable to find enough qualified people for technical positions that require strong backgrounds in subjects such ...

    By Stephen Taub • Sept. 16, 2005
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    CFOs on the Move

    • Northwest Airlines named David M. Davis senior vice president of finance and controller, reporting to executive vice president and chief financial officer Neal Cohen. Davis returns to the Eagan, Minnesota-based airline after CFO stints at US Airways and Kraton Polymers LLC. He replaces Jeff Put...

    By Lisa Yoon • Sept. 16, 2005
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    How to Hunt for a Headhunter

    The tasks of putting together and restocking top-drawer finance teams can present busy CFOs with a daunting question: How much time and effort can I put into picking talent?The answer most often must be an unhappily expressed version of “not much.” While hiring excellent subordinates is obviously...

    By Lisa Yoon • Sept. 16, 2005