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

    Disney CFO’s Take-Home: $6.4 Million

    Last year was certainly a tumultuous one for The Walt Disney Co., whose corporate governance practices came under fierce attack. But its chief financial officer, for one, was certainly compensated well for managing the changes that Disney eventually made to some of its practices.Finance chief Tho...

    By Stephen Taub • Jan. 10, 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

    Recommended Reading: Top Stories of 2004

    “Recommended Reading” is a resource for financial executives, chosen by financial executives. The list below features the articles that were most in demand by our readers in 2004 — original articles from CFO.com, stories drawn from the pages of CFO magazine, and articles from CFO Europe,CFO Asia,...

    By CFO Editorial Staff • Jan. 10, 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

    Refunding Bonuses for Restated Earnings

    Now that Fannie Mae is undertaking a $9 billion restatement at the direction of the Securities and Exchange Commission, one legislator wants its former top executives to return bonuses that were based on the bogus profits.In a letter to Armando Falcon Jr. — director of the Office of Federal Housi...

    By Stephen Taub • Jan. 7, 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

    • Insurance giant American International Group Inc. promoted two finance executives. Steven J. Bensinger, who joined AIG as treasurer in 2002, will take on the additional titles of controller and senior vice president. He will continue to report to vice chairman and chief financial officer Howard...

    By Lisa Yoon • Jan. 7, 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

    FSAs: No More ”Use It or Lose It”?

    Between 12 million and 18 million workers currently have flexible spending accounts (FSAs), according to The Wall Street Journal, which cited Bonnie B. Whyte, president of the Employers Council on Flexible Compensation. FSAs allow participants to pay their medical bills with pretax dollars — but ...

    By Stephen Taub • Jan. 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

    More Than $4.8 Million for Lucent CFO

    It’s still a little early before companies operating on calendar years begin trotting out their proxies — and those interesting pages dealing with executive compensation.However, a few companies that operate on fiscal years recently announced those numbers. The early line is that top executives —...

    By Stephen Taub • Jan. 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

    Casting a Wider Net

    When Bill Marion talks about wireless connectivity, he’s not talking about an office suite in a small industrial park. He’s not talking about the Starbucks near the green. He’s talking an entire city.Marion, information-services director for the Silicon Valley enclave of Milpitas, Calif., is the ...

    By John Edwards • Jan. 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

    Blame It on Boca

    If you’ve been thinking about moving to Florida, have we got an opportunity for you in Boca Raton: a 19,000-square-foot house in a gated community, with 10 bedrooms, 12 baths, a library, a screening room, a boathouse, a six-car garage, a gazebo, and much, much more. First listed at $22.5 million,...

    By CFO Editorial Staff • Jan. 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

    Ten Questions for Barry Minkow

    Barry Minkow says he plans to be remembered for more than the ZZZZ Best Co. fraud. The 38-year-old Minkow served more than seven years in prison for the infamous 1980s scam. But he hopes that his current efforts as head of the Fraud Discovery Institute and as pastor of The Community Bible Church ...

    By CFO Editorial Staff • Jan. 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

    Staying Alive

    To a finance chief, the arrival of a new CEO usually means one thing: time to polish the résumé. “It’s almost automatic” that the CFO leaves when a new chief executive enters, says Charles B. Eldridge, head of the CFO practice at executive search firm Korn Ferry International. New CEOs are often ...

    By Kate O'Sullivan • Jan. 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

    Find Out What References Are Really Saying about You

    Keith O’Rourke of Reno, Nevada, was concerned about the references he’d get from his last employer, a small start-up in the San Francisco Bay Area, where he did sales and operations management.“I reported to the [vice president] of finance and had a good relationship with her, but I had apersonal...

    By Barbara Mende • Dec. 23, 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 Rules for Halliburton Retirees

    For a change, score this round for retirees.As more and more companies try to cut back on the benefits promised to their former employees, a federal judge ruled that Halliburton Co. cannot trim the medical benefits received by retirees of Dresser Industries Inc., which merged with a Halliburton s...

    By Stephen Taub • Dec. 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

    In the Journals: Fading Options

    While increasing numbers companies are moving away from stock options, their departure is just the beginning of a full-scale exodus, according to Harvard Business School professor Brian J. Hall. “There is a revolution coming in stock-based compensation,” says Hall. “By the end of this decade, the...

    By Lisa Yoon • Dec. 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

    UAL, Pilots Shoot Down Defined Benefits

    UAL Corp., the parent of United Airlines, is the latest company to retreat from defined-benefit pension plans.Under an agreement with the Air Line Pilots Association, the bankrupt airline giant will terminate the pilots’ defined-benefit plan, according to The Wall Street Journal. In exchange, whe...

    By Stephen Taub • Dec. 20, 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

    • Consumer products maker Playtex Products Inc. appointed Kris Kelley executive vice president and chief financial officer. She replaces Glenn Forbes, who will retire at the end of the year. Kelley joined the Westport, Connecticut-based company in October as senior vice president of finance. • Mc...

    By Lisa Yoon • Dec. 17, 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

    Finance under the Big Top

    When he was planning to be a tax accountant, Tom Martin never dreamed that he’d “run away” to join the Big Apple Circus, a New York-based nonprofit dedicated to kids and families, where he’s been chief financial officer since 1997.Martin began his career as chief accountant and then controller at...

    By Lisa Yoon • Dec. 17, 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

    Retiree Health Benefits Keep Shrinking

    Do retiree health benefits belong on the endangered list?It’s starting to seem that way, judging by a survey of 333 companies with 1,000 or more employees conducted by the Kaiser Family Foundation and Hewitt Associates.In 2004, according to survey respondents, 8 percent of companies eliminated su...

    By Stephen Taub • Dec. 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

    The Cost of Loyalty

    For Merck & Co., one trigger was the withdrawal of Vioxx from the market. For Marsh & McLennan Cos., it was news that New York State Attorney General Eliot Spitzer had launched an investigation into alleged bid-rigging. And for Delta Air Lines Inc., it was simply investors’ belief that ma...

    By Lori Calabro • Dec. 13, 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

    Audit Regulator’s Budget in Doubt

    The Securities and Exchange Commission may reject the budget for the Public Company Accounting Oversight Board (PCAOB), in part because the new agency is seeking relatively big salaries for its top people, Bloomberg reported. The PCAOB is charged with overseeing the auditing profession.The $153 m...

    By Stephen Taub • Dec. 13, 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

    • GNC Corp. promoted senior vice president of finance and corporate controller Curtis J. Larrimer, a 25-year veteran of the company, to the position of senior vice president and chief financial officer. Larrimer succeeds and reports to David R. Heilman, who has been named chief administrative off...

    By Lisa Yoon • Dec. 10, 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

    Read Blue’s Lips: No New Pensions

    In a move that could potentially rock the shrinking world of defined-benefit pension plans, beginning in 2005 International Business Machines Corp. will no longer offer its pension plan to new employees.New hires at IBM will instead be offered an expanded version of Big Blue’s 401(k) plan. The cu...

    By Stephen Taub • Dec. 10, 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

    Layoffs Surged for Past Three Months: Report

    Are mass layoffs coming back to 2002 levels?Perhaps. Consider that on Tuesday, Colgate-Palmolive Co. announced a four-year restructuring that will include a reduction of 12 percent of its workforce, or about 4,400 jobs.What’s more, General Motors Corp. said last week that it would lay off about 9...

    By Stephen Taub • Dec. 8, 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

    What Will Judy Do?

    Long considered a strong candidate to be the next CEO of Merck & Co., CFO Judy Lewent now finds herself in a tenuous position. Like Merck’s stock price, Lewent’s stock with the company’s investors has plummeted since September 30, when the pharmaceutical giant pulled its arthritis drug Vioxx ...

    By Kate O'Sullivan • Dec. 3, 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

    • Christopher M. O’Meara, formerly controller of Lehman Brothers Inc., was promoted to chief financial officer of the global investment bank. He succeeds and reports to Dave Goldfarb, who has been named chief administrative officer. O’Meara joined Lehman in 1994; his other roles have included CFO...

    By Lisa Yoon • Dec. 3, 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

    Options Grants Probed at Chip Maker

    Analog Devices Inc. said the SEC has launched an inquiry of the company’s granting of stock options to officers and directors over the last five years .The maker of analog microchips said in a regulatory filing that it believes other companies have received similar inquiries.The company, which sa...

    By Stephen Taub • Dec. 3, 2004