Human Capital: Page

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    CFO a Winner in AOL Shakeup

    AOL Time Warner CFO Joseph Ripp appears to be one of the big winners in the latest shakeup announced by chief executive Jon Miller aimed at streamlining top management.Miller, who was hired last month, will take a more direct role at the media company, overseeing the AOL brand, Interactive Market...

    By Stephen Taub • Sept. 13, 2002
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    Ethics Going Downhill at Work, Executives Say

    Apparently, investors and class-action lawyers aren’t the only ones expressing disappointment and outrage over the recent parade of corporate scandals.A recent survey conducted by online executive-career resource ExecuNet shows that many executives disapprove of corporate shenanigans at their own...

    By Lisa Yoon • Sept. 12, 2002
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    Cadillac Man: Tyco Hires CFO

    Troubled conglomerate Tyco International Ltd. named David FitzPatrick its new CFO. FitzPatrick, 48, has been SVP and CFO of diversified manufacturer United Technologies Corp. since 1998. He replaces Mark Swartz, whose name on Wall Street has been somewhat tarnished by his close ties to Tyco’s for...

    By Lisa Yoon • Sept. 11, 2002
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    Dazed and Confused

    Shakeups at many companies — along with shifts in business strategies — have left many employees uncertain about how their jobs tie in to corporate objectives. This, according to a new study of nearly 13,000 workers conducted by Watson Wyatt. The consulting firm asserts that all this confusion co...

    By Stephen Taub • Sept. 11, 2002
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    Should You Tolerate Mistakes?

    Leadership through intimidation, as we all know, can be detrimental to growth and innovation. The only good criticism is constructive criticism that helps employees learn. Likewise, praising staff for good work bolsters confidence and encourages high performance. Right?Actually, maybe not. New st...

    By Lisa Yoon • Sept. 10, 2002
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    Do You Associate?

    Of all the familiar advice on job-hunting, one phrase is axiomatic: It’s not what you know, but who you know.Beyond talking to colleagues, friends, and family about a job search, perhaps the most effective way to network is through associations. Associations can give a job seeker a sense of the l...

    By Lisa Yoon • Sept. 9, 2002
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    CFO Pay: Going Up Again?

    Never mind that the most well-known finance chiefs in the U.S. are well-known because they’ve been pictured on the evening news being led off in handcuffs. No, despite all the court cases and plea bargains and SEC cease-and-desist orders, it’s still shaping up to be a relatively decent year for C...

    By Lisa Yoon • Sept. 5, 2002
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    Salary Freezes Thaw

    With the specter of recession hovering over the economy, company executives have held their pay-increase budgets in a death-grip during the past year. But according to Mercer Human Resource Consulting’s 2002/2003 U.S. Compensation Planning Survey, their grip is beginning to loosen, as employers b...

    By Lisa Yoon • Sept. 4, 2002
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    Losing: A Win-Win Situation?

    What do the National Basketball Association and Danish companies have in common? Apparenty, their reward system — or at least, that’s the upshot of recently released research on tournament theory.According a study conducted by Beck Taylor of Baylor University and Justin Trogdon of Duke University...

    By Lisa Yoon • Sept. 3, 2002
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    Exit, Stage Right

    CFOs On The MoveUpon the arrival of new CEO Ed Breen, longtime Tyco International Ltd. CFO Mark Swartz announced he’s leaving as soon as a replacement is found. No word on a successor at press time, but Breen has already tapped his former CFO at General Instrument, Eric M. Pillmore, to be Tyco’s ...

    By CFO Editorial Staff • Sept. 1, 2002
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    Payroll

    Jim Wooten was tired of replacing lost payroll checks. The controller of Franklin Covey Printing Inc. says that employees would lose them or accidentally run them through the washing machine. So he decided to mandate that all employees use direct deposit.The problem, though, is that not all the 1...

    By Joseph McCafferty • Sept. 1, 2002
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    Pension Plans

    Are companies shortchanging pensioners? A recent study by the Department of Labor suggests that some employers that offer cash-balance plans might be. But critics of the study say the numbers just don’t add up.The study, conducted by the DoL’s Office of Inspector General, claims that companies wi...

    By Kris Frieswick • Sept. 1, 2002
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    Prosecutors Gone Too Far, Say Some

    A nearby crowd cheered as Scott Sullivan and David Myers, former CFO and controller, respectively, of WorldCom Inc., were led, handcuffed, into a Manhattan federal courthouse on August 1. In a world where yesterday’s aggressive accounting is today’s criminal investigation, more finance executives...

    By Kris Frieswick • Sept. 1, 2002
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    I Told You So

    To controversial securities litigator Bill Lerach, the current wave of corporate fraud scandals was both inevitable and preventable.Seven years ago, Congress overrode President Bill Clinton’s veto and passed the Private Securities Litigation Reform Act of 1995 (PSLRA). The legislation was hailed ...

    By Lori Calabro • Sept. 1, 2002
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    Ethics Guru Talks Turkey

    Lately, Steve Priest’s phone has been ringing off the hook.As the founder of Wilmette, Ill.-based Ethical Leadership Group, and purveyor of his own brand of corporate Spin n’ Span, Priest has become one of the most sought-after consultants in the nation. For now, most of his day is spent helping ...

    By Lisa Yoon • Aug. 29, 2002
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    Summer Clearance Sale: Split-Dollar Life Insurance

    With new and tougher tax rules governing split-dollar life insurance contracts on the horizon, CFOs, CEOs and their companies could be taking out the policies like they’re going out of style.Those thinking of buying split-dollar policies should do it soon before new final tax rules are issued by ...

    By Lisa Yoon • Aug. 28, 2002
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    The Longest Yard Made Easy

    Sometimes, the last stretch before reaching the top is the hardest to complete. Witness the top performing finance VP that is cast in a number-crunching supporting role, without access to the chief executive’s inner circle. Or the accounting wizard that is cubby-holed into being a back office tec...

    By Lisa Yoon • Aug. 27, 2002
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    Why Expense Options?

    On July 8, the management of San Francisco-based AMB Property Corp. made a surprising announcement: AMB would become one of the first companies in the nation to voluntarily expense stock options on its income statement. The move, which was triggered in part by investor worries about corporate acc...

    By Marie Leone • Aug. 26, 2002
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    Next-Gen Executives: Not Up To the Task?

    Are excellent corporate executives getting hard to find?Looks that way. According to a Conference Board study of next-generation business leaders, current corporate executives say they’re worried about the capabilities of future corporate executives. Indeed, of the more than 150 executives survey...

    By Lisa Yoon • Aug. 26, 2002
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    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
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    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
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    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
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    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
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    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
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    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