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

    Another Job Opening at the FOMC

    Edward Gramlich announced that on August 31 he will leave the Federal Reserve Board, where he has served since 1997, according to published accounts. Gramlich added that he will not attend the August 9 meeting of the Federal Open Market Committee, which is responsible for setting the country’s in...

    By Stephen Taub • May 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

    Sarbox Whistle-Blower Ordered Reinstated

    Washington Mutual Inc. has been ordered to reinstate a fired loan executive under the whistle-blower provisions of the Sarbanes-Oxley Act, according to press reports.The Department of Labor ordered the Seattle-based thrift — the nation’s largest — to rehire Theresa Hagman, who had served as a vic...

    By Stephen Taub • May 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

    Pension Plans and Conflicted Consultants

    The Securities and Exchange Commission has released a report critical of the conflicts of interest in the practices of some pension-plan consultants.“Although investment advisers owe their clients a fiduciary obligation — including to adequately disclose all material conflicts of interest — some ...

    By Stephen Taub • May 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

    Little Growth Seen in 401(k) Plans

    As President Bush and Congress debate the future of Social Security, last year saw only a slight improvement in employees’ 401(k) participation rates, plan balances and diversification efforts, according to a new study by Hewitt Associates.Compared with results from 2002, when Hewitt conducted it...

    By Stephen Taub • May 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

    CFOs on the Move

    • TIAA-CREF announced that executive vice president and chief financial officer Elizabeth A. Monrad is taking an unpaid leave of after receiving a Wells notice from the Securities and Exchange Commission. The company added that it understands the notice informed Monrad of a possible civil enforce...

    By Lisa Yoon • May 13, 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

    Cisco Looks to Re-route Options Pricing

    Cisco Systems Inc. is seeking approval from the Securities and Exchange Commission to sell a new derivative that could reduce the hit to earnings when it begins expensing the value of certain employee stock options.Most public companies must begin expensing options as of their first fiscal year t...

    By Stephen Taub • May 13, 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

    New Enforcement Chief for SEC

    The Securities and Exchange Commission has named Linda Chatman Thomsen as the new director of the Division of Enforcement. She succeeds Stephen Cutler, who announced last month that he would leave the commission after six years.Thomsen, who joined the SEC as assistant chief litigation counsel in ...

    By Stephen Taub • May 13, 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

    Kerkorian Taps Veteran Finance Exec

    Jerome York is back in the spotlight.Kirk Kerkorian, who said in a government filing that he has already bought 22 million shares of General Motors Corp. in the open market, announced that he has hired the venerable finance executive as a consultant.From September 1995 to October 1999, York serve...

    By Stephen Taub • May 11, 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

    Treasuring the Treasurer

    It used to be that the treasurer’s duties were fairly straightforward. While the controllers counted the money, treasurers made sure the company had money to count by managing working capital. The treasurer’s job consisted mainly of transactional activities, like short-term borrowing, investing, ...

    By Lisa Yoon • May 6, 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

    Stock-Trading Ban for Fannie Mae Employees

    Fannie Mae’s 5,000 employees were told they cannot buy or sell their company’s shares for the foreseeable future, according to the Washington Post, citing an E-mail sent by to employees. The paper said that spokesman Charles V. Greener confirmed the message’s authenticity and said Fannie Mae took...

    By Stephen Taub • May 6, 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

    • Bernard L. Han resigned as chief financial officer of Northwest Airlines Corp. The Minneapolis-based airline, which did not provide additional details about Han’s departure, named Neal Cohen as executive vice president and CFO.Cohen was executive vice president of finance and CFO for US Airways...

    By Lisa Yoon • May 6, 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

    CFO Heads North to Rejoin Northwest

    Financially troubled Northwest Airlines Corp. has named Neal Cohen as its new executive vice president and chief financial officer.He replaces Bernard L. Han, who resigned. The airline did not provide additional details about Han’s departure or whether he has another job. In a statement, presiden...

    By Stephen Taub • May 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

    $187 Million for Toys ”R” Us Insiders

    A number of present and former officers and directors of Toys “R” Us Inc. stand to receive a total of $187 million when the company completes its $6.6 billion sale to an investment group, according to the retailer’s proxy filing.None of this largesse will be paid out in “Geoffrey money,” either. ...

    By Stephen Taub • May 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

    Clocking R&R

    For centuries, humans have wres-tled with the concept of time. In most cases, time wins. In fact, time is such a difficult idea to comprehend—so ephemeral, so relative—that digital-clock makers should be forced to put quotation marks around their LCD readouts.The concept of time appears especiall...

    By John Edwards • May 3, 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

    Once Burned, Twice Shy

    For many CFOs, joining a technology start-up during the Internet boom was like eloping with a flashy teenager. Such companies were often run by image-conscious executives long on vision but short on operating experience. Metrics like eyeballs and market share were hyped at the expense of cash flo...

    By Lisa Yoon • May 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

    What Does Your CEO Really Know?

    See how CFOs grade their CEOs’ finance knowledgeHow much does any CEO know about his company’s finances? How much should he know?Those are the central questions in the trials of several chief executives accused of masterminding their companies’ massive accounting scandals. These CEOs claim they k...

    By Kris Frieswick • May 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

    Tyco’s Revolving Door

    It’s under investigation by the Securities and Exchange Commission, and its former CEO (Dennis Kozlowski) and CFO (Mark Swartz) are facing retrial on grand-larceny and securities-fraud charges. Yet, Tyco International’s star is on the rise. As Barron’s pointed out in February, the stock is up thr...

    By CFO Editorial Staff • May 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

    Letting Go

    Do you feel like you never have enough time to do your work? Are you constantly checking and rechecking the work of your direct reports? Is your in-box always full? If this sounds familiar, you may be that dreaded office creature: the micromanager.While few executives would admit to the designati...

    By Kate O'Sullivan • May 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

    When Plans Collide

    As the debate rages over whether Americans should be allowed to “carve out” some of their Social Security payroll tax to create individual accounts (IAs) for retirement, one potentially volatile question has gone largely unasked: How would the existence of the private IAs affect participation in...

    By Roy Harris • May 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

    Tyson Settles with SEC over Perks

    The Securities and Exchange Commission settled charges against Tyson Foods, Inc. and its former chairman and chief executive officer, Donald Tyson, stemming from $3 million in perquisites and personal benefits paid out to Tyson and other family members. Under the deal, Tyson Foods will pay a $1.5...

    By Stephen Taub • April 29, 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

    • Microsoft Corp. named Chris Liddell as chief financial officer effective, May 9. He replaces John Connors, who announced in January that he would leave the company he joined 16 years ago — he became CFO in 1999 — for Seattle-area venture capital firm Ignition Partners LLC. Connors’s resignation...

    By Lisa Yoon • April 29, 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

    UAL Pension Pact Calls for $1 Billion

    Under the terms of a settlement reached with United Airlines regarding the termination of the company’s pension plans, the Pension Benefit Guaranty Corp. (PBGC) has a big stake in the survival and success of UAL.The agreement, which must be approved by the bankruptcy court overseeing the airline’...

    By Stephen Taub • April 28, 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

    Microsoft CFO: Tough Act to Follow

    Days ahead of its Thursday announcement of third-quarter earnings, Microsoft Corp. announced that it has hired paper-industry executive Chris Liddell as its new chief financial officer, effective May 9. He’ll have a tough act to follow.Liddell replaces John Connors, who announced in January that ...

    By Dave Cook • April 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

    CFOs on the Move

    • Geoffery E. Merszei was appointed executive vice president and chief financial officer-designate of The Dow Chemical Co., rejoining the organization he left in 2001. That year, he departed Dow for his current post as executive vice president and CFO of Montreal-based aluminum manufacturer Alcan...

    By Lisa Yoon • April 22, 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

    Starting Salaries Up for Finance Grads

    If you’re hiring new finance staffers straight out of college, be prepared to bump up those starting salaries, judging by the latest quarterly report from the National Association of Colleges and Employers.The NACE, which compiled data from college and university career-services offices across th...

    By Stephen Taub • April 21, 2005