Human Capital: Page 155

  • 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

    BofA Pension Plan Targeted by Lawsuit

    Bank of America Corp. employees are suing the company for allegedly using part of their pension accounts as an “arbitrage scheme” to enrich itself at their expense, according to The Wall Street Journal. The lawsuit, Pothier v. Bank of America Corp., was filed in federal court in the Southern Dist...

    By Stephen Taub • Nov. 5, 2004
  • 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

    • K. Michael Conaway, formerly the vice president, secretary, and treasurer of Bush Exploration and the former the chief financial officer United Bank of Midland — which loaned George W. Bush $500,000 to buy his share of the Texas Rangers baseball team — was elected on Tuesday to the U.S. House o...

    By Lisa Yoon • Nov. 5, 2004
  • 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

    Hard Times

    What does it feel like to work 100 hours a week? It feels like never doing anything but work. It’s being so tired at the end of the day that you don’t trust yourself to make good decisions until you get some sleep. It’s almost 15 hours a day, seven days a week, where you pay full attention to yo...

    By Kris Frieswick • Nov. 5, 2004
  • 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

    Trading Places

    With bad news about Citigroup appearing with alarming regularity — the latest a forced shutdown of its private banking group in Japan — the financial-services behemoth is shuffling two top managers. CFO Todd Thomson and Sallie Krawcheck, head of the firm’s Smith Barney investment-banking unit, sw...

    By Kate O'Sullivan • Nov. 1, 2004
  • 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

    Career Tracks

    What is the best path to becoming a CFO? And which companies have produced the most finance executives?To find out, we traced the career tracks of the Fortune 100 CFOs and other well-known finance leaders. The results, not surprisingly, were mixed.Some finance chiefs simply found a company and st...

    By Kate O'Sullivan • Nov. 1, 2004
  • 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 Tale of Two Worlds

    In the grand scheme of things, most CFOs are grateful for their lot. Most financial managers are happy to be alive and working today, enjoying the highest standards of living in history. No one in his right mind envies the Dickensian world suggested by the titles of our two feature stories — the ...

    By CFO Editorial Staff • Nov. 1, 2004
  • 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

    • One former chief financial officer may be on the move to the Beltway. It doesn’t hurt that he goes way back with U.S. President George W. Bush. K. Michael Conaway was once vice president, secretary, and treasurer of Bush’s oil company, Bush Exploration. He was later senior VP and CFO of United ...

    By Lisa Yoon • Oct. 29, 2004
  • 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

    Interim CFOs: Headed Up, or Out?

    Is experience as an interim CFO an asset or a liability on your resume? It depends, say finance executives and recruiters.Consider Jenifer Cua, who was director of treasury at Cryptologic Inc. in May, when she was named interim chief financial officer at the Toronto-based maker of Internet gaming...

    By Lisa Yoon • Oct. 29, 2004
  • 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

    Multinationals Centralizing Pay: Survey

    Multinationals with centralized compensation systems report higher effectiveness levels than those with decentralized structures, according to a new survey conducted by Watson Wyatt Worldwide, the human resources consultancy, and WorldatWork, an organization for compensation professionals.The sur...

    By Lisa Yoon • Oct. 28, 2004
  • 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 Probing Pension Consultants

    The Securities and Exchange Commission is looking into possible illegal payoffs in the pension business. The regulator has found indications that money-management firms paid retirement-plan consultants in order to be recommended to the consultants’ clients, according to the The Wall Street Journa...

    By Stephen Taub • Oct. 26, 2004
  • 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

    Judge Orders $63 Million Conseco Payback

    A judge has ordered former Conseco Inc. chief executive Steve Hilbert and his family trusts to return $62.7 million plus interest to Conseco Services, a Conseco subsidiary, according to the Associated Press. Last year, the company filed lawsuits seeking to recover a total of $670 million in stock...

    By Stephen Taub • Oct. 25, 2004
  • 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 Seen Probing Pension Costs

    The Securities and Exchange Commission is looking into the accounting practices six companies’ use in calculating pension and other post-retirement benefit costs, according to published reports.Last week, Boeing, Ford, General Motors, Navistar, Northwest Airlines, and Delphi reportedly admitted t...

    By Stephen Taub • Oct. 25, 2004
  • 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

    Creating a CFO Role from Scratch

    D’Anne Hurd has built her career on setting precedents. At every company where she’s been the chief financial officer, she’s been the first person to hold that title, yet Hurd has never used job postings or a recruiter to land those positions.Instead, she identified companies she wanted to work f...

    By Lisa Yoon • Oct. 22, 2004
  • 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

    • Ford Motor Co. assistant treasurer Ann Marie Petach, who has been with the company for 20 years, was promoted to vice president and treasurer. She replaces and will report to Malcolm (Mac) Macdonald, who was named vice president of finance. Macdonald will continue to report to Ford chief financ...

    By Lisa Yoon • Oct. 22, 2004
  • 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

    Prospecting for Your Next Job

    D’Anne Hurd has built her career on setting precedents. At every company where she’s been the chief financial officer, she’s been the first person to hold that title, yet Hurd has never used job postings or a recruiter to land those positions. Instead, she identified companies she wanted to work ...

    By Lisa Yoon • Oct. 22, 2004
  • 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

    Oil Man

    Oil. This year it has truly meant black gold for both producers and refiners of crude. With prices nearing $50 a barrel over the summer, the industry has reaped the benefits of record high profits — and taken lots of criticism for the same.Los Angeles-based Occidental Petroleum Corp., which in 20...

    By CFO Editorial Staff • Oct. 22, 2004
  • 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 Pension Accounting, Say Reports

    The Securities and Exchange Commission is investigating how a number of companies calculated assumptions for their post-retirement benefits to determine whether they manipulated the bottom line, according to BusinessWeek.The magazine reported that the commission has identified a few dozen compani...

    By Stephen Taub • Oct. 19, 2004
  • 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

    Managed-Care Outfits Merge, Again

    Corporate health-care costs may once again climb to new heights as managed-care industry consolidation continues.On Thursday, officials at Coventry Health Care Inc. said they agreed to buy First Health Group Corp. for $1.8 billion in stock and cash. Coventry currently has members throughout the m...

    By Stephen Taub • Oct. 15, 2004
  • 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

    • Peoria, Illinois-based Caterpillar Inc. announced that vice president and chief financial officer F. Lynn McPheeters will retire February 1, after 40 years with the engine and heavy equipment maker. Corporate controller David B. Burritt will succeed McPheeters as vice president and CFO and head...

    By Lisa Yoon • Oct. 15, 2004
  • 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 the Journals: Don’t Always Play Hardball

    Congratulations: You’ve negotiated the deal of the century. But if you bargained too hard, don’t expect the other party to do you any favors in the future. That commonsense understanding, which many senior finance executives may appreciate intuitively, now has the support of research by Hannah Ri...

    By Lisa Yoon • Oct. 15, 2004
  • 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

    Wal-Mart Wants to Skip This Class

    Wal-Mart may be facing the largest class-action lawsuit ever filed against a private employer in the United States. Or it may not. The class action, involving up to 1.6 million women charging sexual discrimination, was certified in June. But a 1998 change to the rules of civil procedure allows de...

    By Joseph McCafferty • Oct. 15, 2004
  • 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

    401(k) Enrollment Declined in 2003

    Despite a turnaround by the stock market after several years of losses, employees seem to be cooling toward 401(k) retirement plans.Last year, 76 percent of eligible employees participated in their 401(k) plans, down from 80 percent the year before, according to an annual survey by the Profit Sha...

    By Stephen Taub • Oct. 12, 2004
  • 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

    Productivity Starts on Day One

    While the term on-boarding is fairly new, the process isn’t. Indeed, all companies have policies and procedures in place to help get a new hire up to speed. Increasingly, though, many of those procedures are being handled electronically.The appeal of on-boarding software is obvious. “In the past,...

    By Karen Bannan • Oct. 12, 2004
  • 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 On Board

    Sean Huurman is not necessarily known as an environmentalist, but he knows how to save a few trees.In June 2002, Huurman, a managing director at business-consulting firm BearingPoint, was trying to figure out how to carry out a difficult directive from his boss. The task: to swiftly prepare and t...

    By Karen Bannan • Oct. 12, 2004
  • 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

    • Enron Corp.’s Raymond Brown resigned as chief financial officer to pursue other job opportunities. Robert Bingham, who will step in as interim CFO and interim treasurer, has since 1999 been an employee of Kroll Zolfo Cooper, a consulting and crisis management firm led by Enron’s interim chief e...

    By Lisa Yoon • Oct. 8, 2004