Human Capital: Page 181

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    A Cosmetic Change?

    >>L’Oreal gets makeover in finance department, naming Christian Mulliez to replace Michel Somnolet as executive VP of administration and finance… But Mulliez, CFO of Paris-based pharmaceutical company Sanofi- Synthélabo, no new face at L’Oreal… Cosmetics giant owns 19.5 percent stake in San...

    By Lisa Yoon • April 29, 2002
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    MBA: More Bucks for Applicants

    So, you shelled out some serious cash to get that MBA. Was it a good investment?Apparently, the answer is yes — according to a new survey.Despite the current lousy economy, MBA-holders are still getting bigger paychecks than others in the work force, according to the 2002 Graduate Management Admi...

    By Stephen Taub • April 29, 2002
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    Risc-Taker? Sun Microsystems CFO Stepping Aside

    >> Sun Microsystems finance chief Michael Lehman is leaving after 15 years with the company… 51-year-old Lehman will retire from full-time duties on July 1, when he will be replaced by Steve McGowan, now VP of finance, planning and administration for global sales operations… According to co...

    By Lisa Yoon • April 25, 2002
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    Sicor Competency: Stover Signs on at Drugmaker

    >> Sicor Inc. said Jack Stover has joined company as executive VP of finance, treasurer, and CFO. Stover will be responsible for leading Irvine, Calif.-based generic-drug maker’s financial strategy and growth, in addition to overseeing finance and investor relations, according to a company ...

    By Lisa Yoon • April 24, 2002
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    Sinus Headaches

    >>Alpharma Inc. executives hoping Street savvy of newly named CFO, EVP Matthew Farrell will be cure for recent setbacks… Last month, for instance, Fort Lee, N.J.-based generic drug—maker suffered recall of nasal drug Cromolyn… Accounting consequences of recall caused company to alter guidan...

    By Lisa Yoon • April 23, 2002
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    Transported: Enterprise CFO Moves to Centric

    >> Enterprise Rent-A-Car announced company EVP and CFO John T. O’Connell is to become EVP of sister company Centric Group effective August 1… Both Enterprise and Centric majority owned by the Jack Taylor family of St. Louis… O’Connell graduated from University of Virginia’s McIntire School ...

    By Lisa Yoon • April 22, 2002
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    Q&A

    Edward Moneypenny’s leadership story at 7-Eleven

    This interview from 2002 highlights how Edward Moneypenny, the former CFO of 7-Eleven, went from commanding over 1,200 men in Vietnam to leading finance at one of the world’s largest C-store brands.

    By Jennifer Caplan • April 19, 2002
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    Plug-and-Play: Ellison Slots CFO into CEO Spot

    >>Closely held New Internet Computer Co. (NIC)—Oracle chairman Larry Ellison’s new Internet-appliance company—promoted Peter Clark to CEO post… Clark had been company’s acting CFO… Brings more than 25 years of experience in senior financial and operational roles with tech companies, includi...

    By Lisa Yoon • April 18, 2002
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    Squibb Kick: Did Bristol-Myers Boot its Finance Chief?

    >> Pharmaceuticals giant Bristol-Myers Squibb announced that CFO Frederick Schiff, a 20-year veteran at the company, will be leaving his post. CEO Peter Dolan said Harrison Bains, vice president for tax and treasury, would serve as acting finance chief until company hires permanent replacem...

    By Lisa Yoon • April 17, 2002
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    Enter the Spin-off Meister

    >>Spin-off whiz Joseph G. NeCastro, CFO of Penton Media, moving to finance chief slot at media giant E.W. Scripps Co., effective May 3… Steps into spot vacated by Daniel J. Castellini, who retired March 31 after 31 years with Scripps… NeCastro joined Penton in June 1998, just two months bef...

    By Lisa Yoon • April 16, 2002
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    No Mirage: Resort CFO Named Pinnacle CEO

    Pinnacle Entertainment Inc. named Daniel Lee chairman and chief executive… Lee formerly CFO and SVP of development at Mirage Resorts… Lee replaces Paul Alanis, who resigned as CEO at Glendale, Calif.-based casino operator, according to company statement… Pinnacle says Lee will work closely with C...

    By Lisa Yoon • April 15, 2002
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    Employers Too Generous with Health Benefits?

    Health-care costs are rising, and employers are requiring their rank and file to pay an increasing portion of their monthly premium and higher deductibles.Even so, many employers continue to provide generous health-care benefits to workers, according to the Society for Human Resource Management’s...

    By David Katz and Stephen Taub • April 12, 2002
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    Stiff Sentences for C-level Criminals

    Paul Polishan finally got his numbers…The former Leslie Fay Cos. CFO was sentenced in January to a nine-year prison term with three subsequent years of probation by the U.S. District Court for the Middle District of Pennsylvania… Polishan was convicted in July of manipulating the company’s earnin...

    By CFO Editorial Staff • April 12, 2002
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    Owner of TGI Friday’s Gets CFO on Wednesday

    >> Restaurant-chain operator Main Street and Main hired Michael Garnreiter as executive VP and CFO… Info on Garnreiter’s last job was unavailable, but the company says he spent 27 years at Arthur Andersen. Gee, wonder why he left?… Garnreiter new role will be to help manage growth at restau...

    By Lisa Yoon • April 11, 2002
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    Shake-up at Instinet

    >>Instinet Group, the electronic trading network operator, said president and CEO Douglas Atkin is resigning after 18 years with the company… CFO Mark Nienstedt, 51, will step in as acting president and chief executive…“I have enjoyed immensely my time at Instinet but I want to move on and ...

    By Lisa Yoon • April 10, 2002
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    What Did Reebok CFO Make Last Year? Answer High

    >> Proxy season rolling around again. This, of course, means CFOs can figure out if their compensation stacks up with other finance managers.According to early releases, seems chief financial officers are making out just fine — despite lousy economy. Marriott International CFO Arne Sorenson...

    By Lisa Yoon • April 9, 2002
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    Babson: That Good Old-Time Retention

    It’s strange to think of it now. But retaining good employees, rather than laying them off, was once upon a time the prime human resources preoccupation at many companies.That was the case in January 2001, when representatives of Bill Teuber, CFO of EMC Corp., began talking to Babson College prof...

    By David Katz • April 8, 2002
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    Audit Committee? Thanks, But No Thanks

    The accounting snafus of Enron and other corporations have turned up the pressure on corporate audit committees. As a result, one of the biggest challenges corporate officers will face this year is convincing qualified executives to accept directorships and audit-committee nominations, says Bob W...

    By Marie Leone • April 5, 2002
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    Call from Philip Morris

    >>Philip Morris named Dinyar Devitre as new CFO last week, replacing Louis Camilleri… Camilleri was promoted to top spot at cigarette and food company in January—takes the helm at the end of April… Devitre returns to the parent of Kraft Foods and Miller Brewing after working at Citigroup in...

    By Craig Schneider • April 4, 2002
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    New World Restaurant Serves Pink Slip

    New World Restaurant Group, Inc. announced that it has terminated “with cause” CFO Jerold Novack. No additional information was provided… Novack joined as vice president of finance in 1994 and was appointed CFO in January 1999… Board also assigned CEO Anthony Wedo to additional role of chairman a...

    By Craig Schneider • April 3, 2002
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    Finance Development and Training Institute: Talent Taboos

    Even within the confines of the most exclusive clubs, there are things that members just won’t talk about.Take the Finance Development and Training Institute (FDTI), a tight little island if ever there was one. Part of a tiny coterie to start with—corporate executives who scout and nurture financ...

    By David Katz • April 3, 2002
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    Columbia: Consulting Professors

    Most business schools offer executive education programs as add-ons to their regular MBA programs. And many executive ed departments offer custom programs, tailor-made to fit the client’s specific business needs. But Columbia University’s programs can go so far in the tailoring direction that the...

    By Jennifer Caplan • April 2, 2002
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    Ph.D Hired as CFO at Gilead Sciences

    >> Daniel Castellini, CFO at E. W. Scripps, retired after 31 years at diversified media company. Successor “will be named shortly,” according to Scripps… Castellini successfully guided Scripps through initial stock offering in 1988. Since 1993, he helped create and financially manage the co...

    By Craig Schneider • April 2, 2002
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    NYU: Watch Your D’s and O’s

    It isn’t at all that surprising, in Enron’s wake, that business schools would start scrambling to provide new courses on the complicated world of corporate governance. In fact, at least one is already on the drawing board: New York University’s Stern School of Business will soon be offering an op...

    By Jennifer Caplan • April 2, 2002
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    University of Chicago: Practical Theories

    Talk about putting theory to practical use. Shortly after taking a four-day University of Chicago course in financial strategy, Jeffrey Szorik, assistant treasurer at Shurgard Storage, was hauling class handouts into executive-level meetings to help with the decisions. “Last year we did about $1 ...

    By Craig Schneider • April 2, 2002