Human Capital: Page

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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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    Heading Off the Feds

    Just as companies get ready to overhaul their 401(k) plans in the wake of the 2001 tax-cut legislation, further changes may soon be in order. At least eight different legislative proposals are ready for debate–all aimed at giving employees greater control over their 401(k) plan assets. Also roili...

    By Marie Leone • April 2, 2002
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    401(k): Best-Laid Plans

    In case you missed it, September 4 was “National 401(k) Day,” sponsored by the Profit Sharing/401(k) Council of America to celebrate the anniversary of the 1978 legislation that ushered in the do-it-yourself approach to retirement riches. The event took place three weeks to the day following the ...

    By Michael O'Loughlin and Scott Leibs • April 1, 2002
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    Executive Shuffle

    Executive ShuffleSolected OutIn 1998, Solectron Corp.’s Susan Wang said the secret of being a female Fortune 1,000 CFO was “to surround yourself with good support, including a good baby-sitter and a good assistant.” Wang no longer requires either. She retired from embattled Solectron in January.T...

    By CFO Editorial Staff • April 1, 2002
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    That’s Pep! Extra Job for Pep Boys’ CFO

    >> Auto-parts retailer Pep Boys promoted George Babich Jr. to president and chief financial officer… Babich was executive vice president and CFO… Company chairman Mitchell Leibovitz had served as president since 1986… In new role, Babich, 50, will be more involved in nonfinancial areas… “Ge...

    By Jennifer Caplan • April 1, 2002
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    Global ESOPs: Putting the Pieces Together

    There once was a day when running an employee share ownership program (ESOP) seemed like a straightforward exercise. But as managers at a growing number of companies are learning, ESOPs are anything but straightforward — particularly when they are rolled out to employees around the world.Indeed, ...

    By Martin Baccardax • March 28, 2002
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    The Feeling Is Demutual

    >>Phoenix Cos. stays within insurance fold in choice of new CFO, Coleman Ross… Life insurer, high-end wealth manager Phoenix plucks finance chief from Trenwick Group, Bermuda-based property-catastrophe insurer, reinsurer… Hartford, Conn.-based Phoenix issued IPO last year… Covets Ross’s exp...

    By David Katz • March 27, 2002
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    Last Call: Sprint CFO to Retire

    >> Sprint announced that Arthur Krause will retire in June… Krause served 14 years as telco’s CFO, and 31 years in all at the company… General Electric finance veteran Robert Dellinger was named to post of executive vice president of finance at Sprint, and is expected to take over finance c...

    By Craig Schneider • March 26, 2002
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    Seeking Guidance: Korn Ferry Poaches CFO

    >> Managers at executive recruitment firm Korn Ferry International named Gary Burnison chief financial officer… He succeeds Elizabeth Murray, who left in February to become CFO of Digital Insight Corp…. Burnison joins Korn Ferry from systems-integration specialist Guidance Solutions… At Gui...

    By Jennifer Caplan • March 25, 2002
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    Gadzoox and Zambeel

    >>San Jose, Calif.-based Gadzoox Networks Inc., supplier of high-speed storage area network products, named Barbara Velline as CFO and vice president of finance… Velline said to be expert in helping emerging companies achieve profitability… Egad, Gadzoox could use it… Stock has been falling...

    By David Katz • March 20, 2002
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    How High the Wireless: Motorola Taps New CFO

    >>Motorola Inc. names David Devonshire CFO, replacing retiring finance chief Carl Koenemann… Devonshire headed finance at Ingersoll-Rand Co. until late January… Before joining IR, he was CFO of Owens-Corning and served as vice president of finance at Honeywell Inc…. Most recently, Devonshir...

    By Craig Schneider • March 19, 2002
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    Freedom to Unload: House Committee Seeks New Pension Rules

    If lawmakers get their way, employees will be able to dump their company’s stock much sooner than current rules permit.The House Ways and Means Committee approved a measure that would cut the amount of time employees can be required to hold on to matching stock contributions from their companies....

    By Stephen Taub • March 18, 2002
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    Knowing When to Roll ‘Em

    >>Harry Hagerty is ready to play… Hagerty hired to head finance at Park Place Entertainment Corp., world’s biggest gaming company… Operates casinos under Bally’s, Caesars, Flamingo, and other brand names… Park Place owns, manages, or has interest in 28 gaming properties, more than 28,000 ho...

    By Jennifer Caplan • March 18, 2002
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    The Sector-Switcher

    For a guy who spent his early days as a number cruncher at manufacturing and energy companies, Thom Weatherford’s career sure has gotten sexier of late.After graduating from the University of Houston with an undergraduate degree in business administration, Weatherford joined Texas Instruments, wh...

    By Jennifer Caplan • March 15, 2002
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    Of Split Dollars and Whole Life

    After raising the specter of higher tax burdens for executives who hold split-dollar life insurance arrangements last year, the Internal Revenue Service this year offered up some handy ways to escape the coming doom. Transitional guidance issued in January says that policies crafted before Januar...

    By Alix Stuart • March 14, 2002
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    Job One? Ford ‘s Treasurer Named Comerica’s CFO

    >>Ford Motor Co. vice president and treasurer Elizabeth Acton leaving Dearborn, Michigan, for higher ground in Motown…Acton, 50, quits carmaker to become CFO at Comerica Inc., bank holding company…Ford CFO Martin Inglis praised Acton’s know-how in banking business…Before joining Ford in 198...

    By David Katz • March 12, 2002
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    Shake-up in Aisle Five

    How many CFOs does it take to screw in a Blue light bulb? One—at least that’s the hope at Kmart… Bankrupt retailer named Albert Koch to succeed John McDonald Jr. as CFO… Third CFO at Kmart in 10 months… Koch is chairman of turnaround management firm Jay Alix & Associates… McDonald leaving the...

    By Craig Schneider • March 12, 2002
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    Conseco Finance Chief Bolts

    >> Chuck Chokel, CFO at Conseco Inc., the loan company that’s currently carrying a lot of debt, unexpectedly announced his resignation late last week… Chokel had been at Conseco for just under a year… Company’s share price fell 20 percent on Thursday after the departure was made public… Day...

    By Jennifer Caplan • March 11, 2002
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    Blackout Blackout: Mellon Revises Company 401(k)

    It was only a matter of time.With the public outrage expressed by Enron employees about how the company reined in their ability to diversify their 401(k) portfolios, workers at other companies were bound to start asking employers tough questions about their own plans. Indeed, at least one company...

    By David Katz • March 7, 2002
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    Employees Loaded Up on Company Stock

    The near-vaporization of Enron Corp.’s 401(k) assets has painfully reminded many employees about the dangers of investing a large portion of their retirement savings in their employer’s stock.A new survey, however, concludes that virtually every plan sponsor — 92 percent, in fact — includes its c...

    By Stephen Taub • March 7, 2002
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    Outside Interests: CFO Switches to Consultant

    >>Consulting is often the road to a finance chief post, but rarely is it the other way around… Case of Nicholas Novasic is that kind of rarity… Citing “family business obligations,” Novasic swapped CFO role at Willis Lease Finance Corp. for post as, well, consultant… He’ll be part-time capi...

    By David Katz • March 6, 2002
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    Alphabet Soup: CMGI Snares CFO from BMG

    Michael DiCandilo promoted to CFO spot at AmerisourceBergen Corp., succeeding Neil Dimick. Dimick is leaving for personal reasons… DiCandilo named corporate controller at wholesale drug distributor in October, shortly after the merger of AmeriSource Health and Bergen Brunswig. That explains the l...

    By Craig Schneider • March 5, 2002
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    Running Up the Numbers: Two from the Books

    >>Former controller and chief accounting officer Jean-Marc Perraud is new head of finance at Schlumberger Ltd.… Perraud replaces Jack Liu, who becomes senior adviser in charge of energy services company’s divestiture program… Liu got $245,000 bonus in 2001, better than $180,000 in previous ...

    By Jennifer Caplan • March 4, 2002
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    The Pension Disaster That Awaits

    During his days as a senior executive at Fidelity Investments, Robert C. Pozen was wary of mutual funds with too few stocks. “Ex-post we are all geniuses, but ex-ante it is pretty hard to figure out which ones are going to go up and which are going to go down,” he says. Always a “great believer i...

    By A CFO Interview • March 1, 2002
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    Me and My Shadow

    When John Spinney joined Investors Financial Services Corp. last September, CEO Kevin Sheehan handed him an unusual mission: Extract as much knowledge as possible from departing CFO Karen Keenan, who had decided to leave the company upon the birth of her second child.In taking the job with the Bo...

    By Alix Stuart • March 1, 2002