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

    Allstate Settles Overtime Dispute

    Labor Day means a little more this year to some employees of Allstate Corp. The insurer announced that it will pay as much as $120 million to settle claims that it refused to pay its California white-collar workers for working extra hours during nights and weekends.The class-action lawsuit allege...

    By Craig Schneider • Sept. 2, 2005
  • 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

    • Office Depot Inc. named board member Patricia A. McKay executive vice president and chief financial officer; she resigned from the board in conjunction with her appointment. McKay replaces Charles E. Brown, who was promoted to president of the company’s international operations in April.McKay j...

    By Lisa Yoon • Sept. 2, 2005
  • 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

    Can You Spot the Finance Expert?

    See our chart on “Grading the Experts”When the Securities and Exchange Commission began requiring companies to disclose whether or not they have financial experts on their audit committees, Costco Wholesale Corp. board members did not sweat the process, recalls CFO and board member Richard Galant...

    By Alix Stuart • Sept. 1, 2005
  • 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

    Getting Involved

    There are plenty of CFOs these days who are mad as hell about some law, regulation, or accounting rule. And there are a few who have decided they aren’t going to take it any more.One such executive is Alex Davern, CFO of $500 million National Instruments Corp., an Austin, Texas-based maker of tes...

    By Lori Calabro • Sept. 1, 2005
  • 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

    Yahoo’s Susan Decker

    Since Joining the Internet giant at the bottom of the dot-com bust in 2000, Susan Decker, 42, has taken Silicon Valley by storm. She is widely credited with leading Yahoo’s charge into the search arena, which today accounts for half the company’s revenues. A former financial analyst, she has earn...

    By A CFO Interview • Sept. 1, 2005
  • 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

    Short Shift

    At some companies, the CFO position is becoming a temp job. In recent years, while struggling to turn around their businesses, Delta Air Lines and advertising giant Interpublic Group have each churned through multiple finance chiefs. In July, Interpublic hired Frank Mergenthaler, its fourth CFO i...

    By CFO Editorial Staff • Sept. 1, 2005
  • 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

    • Gateway Inc. named John P. Goldsberry chief financial officer. Goldsberry joined the Irvine, California-based computer company as a result of Gateway’s 2004 acquisition of eMachines, where he was CFO. After the acquisition, he became head of strategy and business development; in February he was...

    By Lisa Yoon • Aug. 26, 2005
  • 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

    Marsh CFO to Step Down

    Sandra Wijnberg plans to resign as senior vice president and chief financial officer of Marsh & McLennan Cos. Inc., in March 2006.The world’s largest insurance broker announced that it has begun an active search for her successor, but Wijnberg will remain until Marsh reports its 2005 results....

    By Stephen Taub • Aug. 23, 2005
  • 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

    • A month after departing to join a venture firm, Fredric G. Reynolds is returning to CBS Corp. to become executive vice president and chief financial officer after CBS splits off from Viacom Inc. Until that transaction is completed, Reynolds will work on the creation of the new company and overs...

    By Lisa Yoon • Aug. 19, 2005
  • 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 Risk Overstated, Says a Study

    The pension crisis is not as dire as many observers fear, a new analysis by Watson Wyatt has found.The consultancy found that pension plan liabilities at about half of the Fortune 1000 companies with defined benefit plans pose little risk to the financial stability of the company’s core business;...

    By Stephen Taub • Aug. 18, 2005
  • 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 Brings Home Money, but Not Jobs

    Hewlett-Packard Co. is the latest business to take advantage of the American Jobs Creation Act of 2004.HP announced that in the third and fourth quarters, it will repatriate $14.5 billion in cash from foreign earnings. As a result, it added, the company took a $988 million adjustment on an after-...

    By Stephen Taub • Aug. 17, 2005
  • 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

    Reynolds Returns to Viacom

    Fredric G. Reynolds has changed his mind.After resigning late last month to join Evercore Partners, a financial advisory firm, Reynolds will return to Viacom to become CFO and executive vice president and of the new CBS Corp. after Viacom is split into two publicly traded companies. Further, he...

    By David Katz • Aug. 16, 2005
  • 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 21st-Century Organization

    About half a century ago, Peter Drucker coined the term “knowledge worker” to describe a new class of employee whose basic means of production was no longer capital, land, or labor but, rather, the productive use of knowledge. Today, these knowledge workers, who might better be called professiona...

    By The McKinsey Quarterly • Aug. 16, 2005
  • 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

    Companies Lukewarm on FSA Carryovers

    Flexible spending accounts (FSAs) allow participants to pay their medical bills and dependent-care expenses with pretax dollars — but at the end of each year, participants forfeit any unspent money in their accounts. Critics have complained that the risk of forfeiting money has discouraged many ...

    By Stephen Taub • Aug. 15, 2005
  • 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

    Surprise CFO Resignation at Cree

    Semiconductor manufacturer Cree Inc. announced that Cynthia B. Merrell has resigned as chief financial officer and treasurer.In a statement, she cited “changes in the public corporate environment in recent years” as well as her desire to spend more time with her family. Merrell, who has held her ...

    By Stephen Taub • Aug. 12, 2005
  • 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

    Cox: More Disclosure on Executive Pay

    Christopher Cox, the newly confirmed chairman of the Securities and Exchange Commission, is calling on companies to improve their disclosure of executive pay packages, according to Bloomberg’s account of an interview with the Public Broadcasting Service’s Nightly Business Report.“I think you can ...

    By Stephen Taub • Aug. 12, 2005
  • 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

    • Charlotte, North Carolina-based Goodrich Corp. promoted Scott Kuechle to senior vice president and chief financial officer. During his 22 years with the aerospace company, Kuechle has held positions including director of finance and banking, treasurer, and, since last year, vice president and c...

    By Lisa Yoon • Aug. 12, 2005
  • 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

    • Radio and television market research giant Arbitron Inc. named Sean Creamer executive vice president and chief financial officer. Creamer will assume his new position in September, replacing current CFO Bill Walsh, who is expected to retire from the New York City-based company by the end of the...

    By Marie Leone • Aug. 5, 2005
  • 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

    Mixed Signals on the Job Front

    Is the job picture brightening? The answer depends on the data you consult. The Labor Department, for example, reported Thursday that the number of new claims for unemployment benefits fell last week by 1,000, to 312,000. That was the second decline in three weeks, Bloomberg reported, noting that...

    By Stephen Taub • Aug. 4, 2005
  • 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

    Employer Compensation Costs Flatten Out

    For the year ended June 2005, increases in total compensation costs for private-industry workers slowed compared with year-over-year increases for the period that ended June 2004, according to the U.S. Department of Labor’s Bureau of Labor Statistics. Such costs rose by 3.2 percent, compared with...

    By Stephen Taub • Aug. 2, 2005
  • 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 Ties That Bind

    Jerry Straub’s passion for the sea was long in coming. Not until this year, his 28th with Viking Yacht Co., did he buy his first boat (christened SeaFO).Indeed, Straub first interviewed at the yacht maker in response to a blind ad for a CFO. When he learned what Viking’s business was, he told the...

    By Lori Calabro • Aug. 1, 2005
  • 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

    End of an Era

    After 38 years with General Electric Co., Dennis Dammerman, vice chairman and former CFO of the Fairfield, Connecticut-based conglomerate, will retire at the end of the year.“Now is as good a time as any,” says Dammerman, 59, who served as GE’s finance chief from 1984 to 1998. Dammerman’s retirem...

    By CFO Editorial Staff • Aug. 1, 2005
  • 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

    Background Checks

    After her interview with a large accounting firm, Lila Beckford got a verbal offer for a job as a senior financial consultant. Told to expect a written offer pending a background check, she signed the required authorizations allowing her potential employer to search her credit reports, criminal b...

    By Kris Frieswick • Aug. 1, 2005
  • 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 Ready for Retirement?

    When Guy Alton, CFO of St. Bernard Hospital in Chicago, thinks about retirement, he doesn’t envision long strolls on the beach or leisurely tours of the Italian Riviera. Instead, the 53-year-old Alton wonders whether he can cover the basic expenses of life after work.That concern is understandabl...

    By Don Durfee • Aug. 1, 2005
  • 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

    • Toronto-based soft drink giant Cott Corp. appointed Clyde Preslar executive vice president and chief financial officer, effective August 29. Preslar, who had been the CFO of U.S. snack-food maker Lance Inc. for the past nine years, previously worked at Black & Decker, where he held roles in...

    By Lisa Yoon • July 29, 2005