Human Capital: Page 180


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    Capitalism and Its Troubles: A Survey of International Finance

    Capitalism and Its Troubles: A Survey of International Finance Capitalism and Its TroublesThe capitalist system has proved surprisingly robust in the face of recent crises, but if it is to keep delivering the goods it needs an overhaul.The capitalist system has proved surprisingly robust in the f...

    By Matthew Bishop • May 24, 2002
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    Tom Wolfe Was Wrong

    >> Collins & Aikman Corp. said acting CFO J. Michael Stepp is staying on permanently as executive VP and CFO… Stepp no newcomer to the maker of car parts (dashboards, convertible tops, acoustic systems, and the like). He’s been acting CFO since January and did an earlier stint as CFO (1...

    By Lisa Yoon • May 23, 2002
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    Watching the Detectives

    >>Management at risk consultancy (and detective agency) Kroll Inc. hired Steven Ford as chief financial officer. Ford replaces controller Michael Petrullo, who’s been acting CFO since November…. Ford joins Kroll from Atlanta telecom Telscape International Inc., where he was executive VP and...

    By Lisa Yoon • May 22, 2002
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    Hale and Hardy

    >> It’s not Enron Field, but it’ll do. Andrew Fastow, ex—finance chief of fallen energy giant Enron, serves as third-base coach for the Houston Gators, his young son’s team in Houston’s Tadpole Little League (this, according to the New York Times)… Between meetings with lawyers and other ad...

    By Lisa Yoon • May 21, 2002
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    Everyday He Writes the Book

    When vFinance Inc. CFO Bob Williamson fiddles with the books, it’s a good thing. That’s because when he’s not working at the investment and brokerage company, he’s writing novels. Williamson already has had one book published. That one,, a murder mystery called “The Seriously Pink V,” hit the she...

    By Lisa Yoon and CFO Staff • May 20, 2002
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    Defined Benefits, Loose Accounting

    Doing a story on defined-benefit pension plans is a lot like going to a museum of natural history. The word “relic” seems to come up an awful lot.With good reason, too. For the most part, defined-benefit plans are relics — dusty vestiges of a bygone era when unions were able to negotiate plum ret...

    By David Katz • May 20, 2002
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    Nitro at Netro: Proxy Fight Targets CFO

    >> CFO Sanjay Khare of Netro Corp. was targeted by shareholder C. Robert Coates — latest in Coates’ running battle with telecom-equipment maker and its directors… Coates, who along with fellow investor David Kennedy is running for seat on Netro’s board, made public appeal to Khare to “honor...

    By Lisa Yoon • May 17, 2002
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    From Boardroom to Smoke-Filled Room?

    Stormy Dean, CFO of database giant InfoUSA, is angling to make a most unusual career move.Dean will square off with Republican Gov. Mike Johanns this fall for the governor’s job in Nebraska. As far as anyone can remember, an acting CFO has never won a U.S. gubernatorial campaign.Dean handily won ...

    By CFO Editorial Staff • May 16, 2002
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    Miller Time at Bank One

    >> In a management shakeup at Bank One Corp., executive VP Heidi Miller assumes the CFO post… Miller best known for her stints as finance chief at some high-Citigroup and Priceline.com. Miller “is a natural for the role of CFO,” says Bank One CEO Jamie Dimon, pointing to her experience at “...

    By Lisa Yoon • May 15, 2002
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    The Nominations Capital

    The Beltway appreciates its CFOs, especially in the tech sector… In fact, every year for the past six years, Greater Washington has shown its love with an annual awards show, dubbed—what else?—Greater Washington Technology CFO Awards… The awards, sponsored by the Northern Virginia Technology Coun...

    By Lisa Yoon • May 14, 2002
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    Sad State of Affairs

    >> State of Indiana finance chief Betty Cockrum stepping down soon to become head of Planned Parenthood of Greater Indiana, according to Indianapolis Star…Cockrum took helm of state budget office two years ago when economy was flush and state was enjoying unprecedented good fiscal times…Now...

    By Lisa Yoon • May 13, 2002
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    Best Cities for Business? Go West

    Despite rolling blackouts, annual water shortages, and the occasional 7.2 earthquake, California is, apparently, the best state to do business.The Golden State’s cities took 6 of the 10 top spots — and 10 of the 25 highest positions — in the annual Forbes/Milken Institute study of the best places...

    By CFO Editorial Staff • May 13, 2002
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    Permanent Vacation

    >> Fast on heels of Travelocity acquisition by Sabre Holdings, CFO Ramesh Punwani leaving travel Web site, according to CNet News… Departures of Punwani, other top execs announced in staff meeting at Travelocity’s Forth Worth home base less than day after CEO Terry Jones said he would retir...

    By Lisa Yoon • May 9, 2002
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    Trashing the Negative Image

    >>Fighting to distance self from gloomy past that made it household name, Waste Management rejiggers senior management workload… First step: CFO Bill Trubek takes on new posts of EVP of operations support and chief administration officer… In new role, Trubek will have a bunch of people repo...

    By Lisa Yoon • May 8, 2002
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    Power Bases

    Backbone and leverage. The successors to Shields and Yarnell?Actually, CFOs say there’s nothing funny about backbone and leverage — particularly if you don’t have either. Yet grit and clout are crucial to survival — particularly when a chief executive starts to push for better numbers than a fina...

    By David Katz • May 7, 2002
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    ”To Pursue Other Interests”

    The pattern has become all too familiar. A company issues a statement, announcing it is a) restating earnings, b) laying off a whole lot of workers, or c) fighting a shareholder lawsuit. In a few days, another release comes out — this one noting that the company CFO is departing. Usually, the com...

    By David Katz • May 7, 2002
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    Falcon Crest Rerun? Big Shake-up at Peregrine

    >> Apparently, CFO Matt Gless is leaving Peregrine Systems Inc. on a bad note. E-commerce software maker — and former Andersen client — said it is investigating its books. Gless, along with CEO Steve Gardner both resigned…. San Diego Padres finance chief Fred Gerson steps in as acting CFO…I...

    By Lisa Yoon • May 6, 2002
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    401(k): Shopping à la Carte

    To bundle or not to bundle? That’s a question more companies are asking themselves these days. Is it better to tap a full-service provider for the many administrative, investment, and other aspects of a defined contribution plan, or choose different specialty firms for each?In the early days of 4...

    By Scott Leibs and Michael O'Loughlin • May 6, 2002
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    Birth of a Salesman

    We expect to be profitable by the fourth quarter of this year,” confides Extensity Inc. CFO Ken Hahn as he loads one of his most popular presentations onto his laptop. Soon, a neat bar chart appears to illustrate the software company’s progress from a $7.8 million quarterly loss in early 2000 to ...

    By Alix Stuart • May 3, 2002
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    Run It Up the Flange Pole

    >> Alan Dix, new CFO, VP, and secretary at telecom-equipment maker Rohn Industries jumps right into hot water when he joins company May 13… Company holding off bank lenders until May 31, expects to amend credit agreement by then… Lenders not taking action for time being on Rohn covenant bre...

    By Lisa Yoon • May 2, 2002
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    The New Finance Chief on Verizon Horizon

    >>Verizon Communications promptly trotted out Doreen Toben as new CFO, executive veep…Toben succeeding Frederic Salerno, who, as we reported yesterday, is retiring later this year as finance chief…Toben starts new job immediately…Verizon again promoting from within…Like Salerno, Toben scale...

    By Lisa Yoon • May 1, 2002
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    Web Learning Still a Class Struggle

    Like college deans everywhere, Rick Taniguchi knows a thing or two about the high cost of education and the need to balance student expectations against administrative realities. Having lobbied for a $4 million expansion to his “campus,” his careful cost-benefit approach will soon be put to the t...

    By Scott Leibs • May 1, 2002
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    By the Book

    When vFinance Inc. CFO Bob Williamson fiddles with the books, it’s a good thing. That’s because when he’s not working at the investment and brokerage firm, he’s a novelist with one murder mystery, The Seriously Pink V, published last August, and a sequel coming out later this year.“Being a CFO is...

    By CFO Editorial Staff • May 1, 2002
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    A Lesson Before Buying

    You feel the question taking shape in the opening lecture of Robert Holthausen’s “Mergers and Acquisitions” class. As the Wharton professor recounts the problems with deal-making today, ticking off two dozen reasons why mergers fail — from valuation errors to culture clashes — the discouraging st...

    By Roy Harris • May 1, 2002
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    No More Early Wake-up Calls: Fred Salerno Retires

    >>Verizon Communications said prominent vice chairman, CFO Frederic V. Salerno will retire later this year after 37 years with Verizon and predecessor companies… Successor to be named shortly…Salerno, 58, held variety of finance posts through Verizon history… Served as CFO of Bell Atlantic ...

    By Lisa Yoon • April 30, 2002