Human Capital: Page 176

  • 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

    Study: Stock Options Less an Option

    It seemed like a good idea at the time.Back in the halcyon days of the mid-to-late Nineties, stock options became a standard part of executive compensation packages. The thinking? Paying a manager in part with company stock would help align that managers’ interests with those of shareholders.Inde...

    By Lisa Yoon • Aug. 22, 2002
  • 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

    Do You Trust Your CFO?

    Would employees buy a used car from you? If not, the company’s stock price and bottom line may suffer…According to a survey to be released next month by consulting firm Watson Wyatt, employee confidence and trust in senior management has a direct effect on a company’s bottom line…Indeed, when emp...

    By Lisa Yoon • Aug. 21, 2002
  • 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

    Report: Employers Looking for Dirt

    In this banner year for corporate fraud, CFOs on the move are also on the defensive, with prospective employers digging deeper and deeper into a candidate’s background. “People are going to look carefully for ethical lapses,” says Robert Mittelstaedt, vice dean and director of the Institute of Ex...

    By Lisa Yoon • Aug. 20, 2002
  • 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

    DoughDrums: CFOs Taking Lower Salaries

    True, some finance chiefs made a lot of money in the past couple of years (2002 Compensation Survey. But according to a handful of recent surveys, unless your name is Larry Carter, there’s a chance you—and the other top executives in the company—may be facing a pay cut in your next job.A survey r...

    By Lisa Yoon • Aug. 19, 2002
  • 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 Drive on the Right Side of the Road

    You are what you drive… That seems to be the case among senior brass across the pond…According to a recent survey by Watson Wyatt of 212 U.K.-based companies, finance heads make the most modest choices when choosing a company-provided car… The most popular ride? Moderately priced General Motors—o...

    By Lisa Yoon • Aug. 16, 2002
  • 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 Exit Ramp from Perdition

    In a court of law, past bad acts don’t hold much water because they unfairly prejudice a jury. In a job interview, past good acts, apparently don’t hold much water, either.Witness ex-CFO Philip Varley, a finance and accounting veteran. Over a 22-year career, Varley worked as an auditor for Ernst ...

    By Marie Leone • Aug. 14, 2002
  • 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

    Get Out in Front

    In the bull market of the Clinton Administration, the role of the chief financial officer underwent a dramatic change. Long considered numbers-cops, CFOs suddenly found themselves thrust into the corporate limelight: talking to Wall Street analysts, heading up strategy committees, scouting out ac...

    By Marie Leone • Aug. 14, 2002
  • 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

    Give Your Headhunter a Hug

    According to a recent survey, recruiters are facing greater challenges in filling posts. Increased expectations from hiring companies means a longer executive search process, says a survey of 195 recruiters conducted by ExecuNet.com, an online career services center for executives and recruiters....

    By Lisa Yoon • Aug. 14, 2002
  • 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 Makes CFOs Tick?

    Former CFO Philip Varley still feels the pressure.But now, the tension is less about revenue recognition and more about landing his 1998 Cessna 182 on a 9,000-foot sidewalk known as Telluride Airport. The Telluride strip, which sits amid 14,000-foot mountain peaks in Colorado, offers only 6,000 f...

    By Marie Leone • Aug. 13, 2002
  • 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

    Best Finance Chiefs: Skills or Range?

    In the current issue of MIT Sloan Management Review, performance of externally hired chief executives from the same industry is compared with that of CEOs who join a business from other industry. On average, CEO performance was the same for either kind of CEO, for up to three years after the appo...

    By Lisa Yoon • Aug. 13, 2002
  • 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 Wanted for Boards

    In the wake of an unprecedented spate of corporate malfeasance cases, prudent companies are revisiting their corporate governance practices. One of the most recent tactics: publicizing the appointment of well-regarded CFOs to boards and audit committees. That’s good news for the majority of CFOs ...

    By Lisa Yoon • Aug. 8, 2002
  • 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 Kid Riding Off into Sunset

    Cisco Systems Inc. CFO Larry Carter is rerouting—permanently… During Tuesday’s earnings announcement, Cisco confirmed rumors of finance chief’s departure, saying Carter plans to retire next May on 60th birthday… “My goal is I would like to keep him well beyond that time period,” CEO John Chambers...

    By Lisa Yoon • Aug. 7, 2002
  • 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

    Passing Lane

    >> Trucking company Yellow Corp. unloading subsidiary SCS Transportation Inc. in spin-off of holding company of carriers Saia Motor Freight Line Inc. and Jevic Transportation Inc., scheduled for early October. Yellow’s parting gift? Yellow finance exec James J. Bellinghausen, who was named ...

    By Lisa Yoon • Aug. 6, 2002
  • 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

    Executive Pay: Not All Pain is the Same

    By one accounting, Gary Crittenden, CFO of American Express Co., last year earned more than $4.6 million, including almost $3 million in gains from exercised stock options. Yet the company’s stock price slid from $52 to $35.7 — a 31 percent decline.Likewise, former Amazon.com Inc. CFO Warren Jens...

    By Joseph McCafferty • Aug. 5, 2002
  • 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

    2001 Versus 2000 CFO Pay: Where Are They Now?

    Based on a sample of 234 CFOs at 350 of the largest public companies with revenues over $1 billion that filed corporate proxy statements between July 30, 2001 and April 5, 2002. Figures do not include “all other compensation” or “other annual compensation.” “Total annual compensation” (TAC) equal...

    By CFO Editorial Staff • Aug. 2, 2002
  • 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

    2001 CFO Pay: The Top Ten

    Based on a sample of 234 CFOs at 350 of the largest public companies with revenues over $1 billion that filed corporate proxy statements between July 30, 2001 and April 5, 2002. Figures do not include “all other compensation” or “other annual compensation.” “Total annual compensation” (TAC) equal...

    By CFO Editorial Staff • Aug. 2, 2002
  • 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

    2001 CFO Compensation at a Selection of Major Companies

    Based on a sample of 234 CFOs at 350 of the largest public companies with revenues over $1 billion that filed corporate proxy statements between July 30, 2001 and April 5, 2002. Figures do not include “all other compensation” or “other annual compensation.” “Total annual compensation” (TAC) equal...

    By CFO Editorial Staff • Aug. 2, 2002
  • 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

    2001 CFO Pay: CFOs Vs. CEOs

    Based on a sample of 234 CFOs and 355 CEOs at 350 of the largest public companies with revenues over $1 billion that filed corporate proxy statements between July 30, 2001 and April 5, 2002. Figures do not include “all other compensation” or “other annual compensation.” “Total annual compensation...

    By CFO Editorial Staff • Aug. 2, 2002
  • 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

    Executive Compensation

    Last year, Gary Crittenden, CFO of American Express Co., earned more than $4.6 million, including almost $3 million in stock options. Yet the company’s stock price slid from $52 to $35.7–a 31 percent decline. Former Amazon.com Inc. CFO Warren Jenson reaped a cash bonus at the end of 2001 worth mo...

    By Joseph McCafferty • Aug. 1, 2002
  • 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 Sound Choice

    >> Yoshiyuki Honda indulging his yen for hi-fi as new CFO of D&M Holdings Inc., joint venture of Japanese audio-video equipment manufacturers Denon Ltd. and Marantz Japan … Honda responsible for finance, administration, legal, information technology, and investor relations …Honda joinin...

    By Lisa Yoon • Aug. 1, 2002
  • 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: Acting the Part

    At 33, Michael Petrullo knew he was still a little too wet behind the ears to take on the permanent CFO role at Kroll Inc., a New York- based security consultancy. The company had just emerged from a messy divorce with an ill-conceived merger partner, and although Petrullo had been instrumental i...

    By Joseph McCafferty • Aug. 1, 2002
  • 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

    Pay for Nonperformance?

    In the mid-1990s, when the Financial Accounting Standards Board proposed that the cost of employee stock options be reflected on corporate income statements, the accounting standards-setting body nearly had its head handed to it.Business leaders and Washington politicians like Sen. Joseph Lieberm...

    By Andrew Osterland • Aug. 1, 2002
  • 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

    Honey, I Shrunk the 401(k)

    That rumbling sound you hear in the distance is the growing chorus of very disgruntled employees who now realize that 401(k) account balances can shrink as well as grow — and who have discovered that they’re not very good at managing them, anyway. They’re calling for a return of the old-fashioned...

    By Kris Frieswick • Aug. 1, 2002
  • 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

    Model Flyers

    CFOs On The Move Rob Doty, CFO of shell-shocked energy trading firm Dynegy Inc., resigns, sending shares down 10 percent on the news…. Jeffrey C. Campbell named SVP of finance and CFO of American Airlines, replacing Thomas W. Horton. Horton takes SVP and CFO spots at AT&T Corp., succeeding Ch...

    By CFO Editorial Staff • Aug. 1, 2002
  • 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

    Careful with that Ax

    Having survived many layoffs during her years at Wang Laboratories, MetraTech Corp. CFO Christine J. Cox knew plenty about how not to make staff cuts. So she was ready when one became necessary at her current company last June. “I’ve seen far too many small layoffs done over a period of months,” ...

    By Alix Stuart • Aug. 1, 2002