Human Capital: Page

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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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    Finance Chiefs to Hire a Few More Staffers

    The folks who are in charge of Corporate America’s books are becoming a bit more optimistic. A bit.Chief financial officers say they’ll increase hiring in the finance department in the second quarter of 2002 compared with the first quarter, according to the Robert Half International Financial Hir...

    By Stephen Taub • Feb. 27, 2002
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    Company Restates, CFO Leaves: Sense a Pattern?

    >>Think we’ve seen this old two-step before: issue a restatement and send your CFO elsewhere… Happened again Tuesday in Texas energy patch… Struggling to swat away annoying Enron comparisons, execs at equipment outsourcer Hanover Compressor named John Jackson as new finance chief… Held same...

    By David Katz • Feb. 27, 2002
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    Careful With That Axe: Fewer CFO Firings in 2001

    Here’s a bit of good news for bedraggled finance chiefs. According to a new survey released by the Association of Executive Search Consultants (AESC), job searches for executives conducted by headhunters fell 7 percent in the fourth quarter. CFO searches climbed slightly — up 7 percent — from Q3 ...

    By Roy Harris • Feb. 26, 2002
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    Nexstop for Nextel Exec? AMS

    John Brittain Jr. new CFO at American Management Systems, technology consulting firm located in Fairfax, Virginia. Brittain takes over from Ronald Schillereff, who’s served as company CFO and treasurer since February 1999. Schillereff appointed to newly created position of EVP and director of IR....

    By Jennifer Caplan • Feb. 25, 2002
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    Workers Worried About Pensions, Survey Reveals

    Although corporate finance executives and regulators might be focused on Enron CFO Andrew Fastow’s svelte use of partnerships and Sherron Watkins’ dramatic testimony, they could be missing a story with bigger long-range impact. American workers now seriously mistrust the safety of their employee ...

    By David Katz • Feb. 25, 2002
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    30 Under 40

    He’s been an aide at the European Commission, an associate in a Brussels law firm, a finance executive at a German privatisation agency, a venture capitalist in the speciality machinery sector, and CFO of Clearstream, the clearing house jointly owned by Deutsche Börse and Cedel International. On ...

    By Ben McLannahan • Feb. 25, 2002
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    Climbing the Ladder at Lands’ End

    Donald Hughes knows a thing or two about moving up the corporate ladder.After graduating from the University of Wisconsin in 1985, Hughes signed on at Arthur Andersen, where he worked for two years. Then, in 1987, he signed on as staff accountant at an up-and-coming clothing retailer. The company...

    By Jennifer Caplan • Feb. 22, 2002
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    World of Trouble

    >>Yet another one bites the dust…In latest case of CFO toppling at troubled company, Jim Rowe is out as CFO of Providian Financial…True, finance chief has bigger worries — Rowe, two other former Providian execs named in class-action lawsuit charging management with cover up of loan problems...

    By David Katz • Feb. 21, 2002
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    Another CFO Fired

    CFOs on the Move? We should call this column CFOs on the Run. Everyday, one more finance chief gets it in the teeth after employer announces earnings restatement.Yesterday’s poster boy: Kirk Dischino, CFO at sensor products maker Measurement Specialties. Company fired finance chief after announci...

    By Craig Schneider • Feb. 20, 2002
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    A Fine Romance, But No Policies

    As a rule, most human resource professionals and corporate executives frown on workplace romances. Their corporations don’t generally have rules addressing the issue, however.Or at least, that’s the finding of a new survey on workplace romance jointly produced by the Society for Human Resource Ma...

    By Stephen Taub • Feb. 19, 2002
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    Board Games Turn Serious

    When Webplan CFO John Laskey first became an outside director, joining wireless-software maker AdaptiveInfo Inc.’s board in 2000, he considered such directorships to be a critical career enhancement. The position exercised his strategic thinking and built up his role as a player in corporate gove...

    By Alix Stuart • Feb. 19, 2002
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    Wireless Worries? Qualcomm Shuffles Management

    William Keitel named new CFO at Qualcomm after serving as company’s corporate controller for three years… Replaces Anthony Thornley, who retains his current COO position and assume new responsibilities as president. CFO since 1994… Wireless technology giant gave no reason for the move… Qualcomm, ...

    By Craig Schneider • Feb. 15, 2002
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    The Lay Deed or the Tiger

    Bad as the investment advice of Kenneth Lay looks now, the former Enron CEO may have felt legally constrained from actually telling Enron 401(k) participants that the company’s share price was about to plummet.According to some experts, even if Lay knew that the Houston-based company was in bad f...

    By David Katz • Feb. 15, 2002
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    One More C Change

    As if there weren’t enough C-level jobs, now there’s the chief revenue officer. CROs merge the functions of VP of sales/marketing with those of a business development executive to oversee generation and acceleration of all revenue, says LaVon Koerner, founder of Chicago consulting firm Revenue St...

    By Alix Stuart • Feb. 13, 2002
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    Ex-CFO Hid Cookie Jars, Grand Jury Charges

    >>A federal grand jury indicted Steven Mark Lash, former CFO of FPA Medical Management, for allegedly inflating earnings before company imploded in 1998, according to AP…Erstwhile finance chief hid use of cookie-jar reserve accounts that were manipulated to pump up earnings, grand jury alle...

    By David Katz • Feb. 13, 2002
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    Dial M for Malfeasance? Nortel CFO Out

    It appears the financial accounting contagion has spread to the great white north.Terry Hungle — appointed to CFO spot at Nortel Networks just last October — resigned on Monday. The reason? Nortel says he broke rules regarding telco’s 401(k) plan… Nortel claims Hungle’s personal investment transa...

    By Craig Schneider • Feb. 12, 2002
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    Help Wanted: Washington Mutual Needs Finance Chief

    >>No shortage of candidates likely to line up for Washington Mutual CFO post vacated by William Longbrake…Former finance chief recently left job to become vice chairman of company’s risk management group… Managers at Seattle-based savings and loan—biggest S&L in United States—have hired...

    By Jennifer Caplan • Feb. 11, 2002
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    Silverman on Domino’s Theory

    Harry Silverman is the kind of finance chief who likes to roll up his sleeves and get his hands dirty. The CFO at Domino’s pizza, a privately held business with 2000 revenues of $3.5 billion, Silverman says he likes to get out and see what’s going on at the company’s stores. It’s not real likely ...

    By Jennifer Caplan • Feb. 8, 2002
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    Flower Power: New CFO at Laura Ashley

    When asked to join Laura Ashley Holdings Plc as new CFO, David Cook rose to the occasion. Cook replaces Jim Bellingham, who is retiring from the London-based retailer famous for floral-patterned fabrics… Cook previously served as company’s director of retail finance….W.C. Hammett Jr. named new VP...

    By CFO Editorial Staff • Feb. 7, 2002
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    Let’s Get Philosophical: Plato Names New CFO

    >>The new finance Socrates at Plato Learning, Gregory Melsen, might well need a philosophical approach in his new role…Earnings per share at South Bloomington, Minn.-based company should be off about 1 percent in Q1 2002, says Yahoo!.finance…Company, provider of computer-based educational a...

    By David Katz • Feb. 6, 2002
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    Duke Puts Up Treasurer

    On Monday, Duke Energy Field Services — one of seven business segments of giant Duke Energy — promoted Rose Robeson to CFO. Robeson joined the natural gas specialist in May 2000 as treasurer… Loads of energy companies, Duke included, blamed disappointing Q4 results on — what else? — the weather. ...

    By Craig Schneider • Feb. 5, 2002
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    Down Market, Big Upside

    The allure of employee stock options may have waned along with the world’s stock markets, but it hasn’t disappeared. In fact, the decline in equity prices may present employees with the best opportunity in years to reap long-term gains from new grants. “Executives’ knee-jerk reaction is ‘give me ...

    By Andrew Osterland • Feb. 5, 2002
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    Time to Count the Doughnuts: New CFO, COO at Krispy Kreme

    The happy trend continues: another CFO has been bumped up the corporate ladder.Late last week, Krispy Kreme Doughnuts promoted CFO John Tate to chief operating officer. Tate’s been with Krispy Kreme since October 2000…. Randy Casstevens, the doughnut-maker’s controller, will succeed Tate as CFO… ...

    By Jennifer Caplan • Feb. 4, 2002
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    Cemex’s King of Cash

    Rodrigo Treviño, CFO of Cemex, the third biggest cement maker in the world, likes the sound of the phrase “free cash flow.”A former Citibank executive who once worked on the Cemex account, Treviño thinks the cement company’s copious free cash flow enables it to shift direction fast and take advan...

    By David Katz • Feb. 1, 2002