Human Capital: Page 197

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    The Illusion of Inclusion

    When Fannie Mae decided to redesign its minority-employment efforts back in 1993, “the first thing we did was to benchmark best-in-class,” says finance chief Tim Howard.The results were surprising. “We found out,” says Howard, “that even before we launched a diversity program, we were already bes...

    By Roy Harris • May 1, 2001
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    Next, Please. Jeff Clarke Becomes Compaq’s Fourth CFO in Two Years.

    NEXT, PLEASEAs the fourth CFO of Compaq Computer Corp. in two years, Jeff Clarke may do well to use what he learned in his previous role in the company’s Sales and Services Division, since those two components appear to be the company’s future focus.Clarke, 39, joined Digital Equipment Corp. in 1...

    By CFO Editorial Staff • May 1, 2001
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    Cruise Control

    Having searched for, and found, a 401(k) plan vendor — which is no easy task, as you learned in last month’s article “Eye on 401(k)” — you’re ready to move on to other things. But first, ask a few questions: How aggressively will you monitor your fund performance and costs? Do all of your eligibl...

    By Meg Glinska • May 1, 2001
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    Hangin’ on the Telephone

    Permanent Connection: AT&T Wireless, the wireless telephone arm of AT&T Corp., named Joe McCabe as its CFO and EVP. McCabe has been serving as interim CFO of the Redmond, Wash.-based company for the past year.Meridian Resource Corp. CFO Richard Gessinger is exploring an alternate path. He...

    By Michelle Gabrielle • April 30, 2001
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    Help Wanted: CFO with Software Experience

    If you’re a senior financial executive with software experience, a fast- growing company with a strong international presence has just the job for you. You may not get it today. But don’t worry, the firm’s CEO thinks he’ll need at least three months to fill the slot.This vacancy was created last ...

    By Joseph Radigan • April 30, 2001
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    2000 CFO Pay: Steve Madden’s Dharia Nearly Doubled Compensation

    Talk about a contrast in fate. Last year, Steve Madden, Ltd.’s CFO Arvind Dharia took home $501,000 in total compensation, according to the company’s recently released proxy. This was nearly double what he took home during the prior year.Meanwhile, the company’s founder and CEO, Steve Madden, was...

    By Michelle Gabrielle • April 27, 2001
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    It Was a Good Learning Experience

    A New Chapter: Sylvan Learning Systems Inc., a Baltimore- based provider of educational services, said that CFO Neal Cohen quit after only seven months on the job. Cohen resigned to become the CFO of Conseco Finance Corp., the loans unit of life insurer Conseco Inc. VP of corporate finance and tr...

    By Michelle Gabrielle • April 27, 2001
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    Burden of Proof

    Q: If a customer tells you they are tax-exempt, does the burden of proof lie with the customer or with the seller?Pattie OrmsbyA: Like most questions covering sales and use taxes, there is no single uniform answer to your question among the states. The states are behind the curve in providing gui...

    By CFO Editorial Staff • April 27, 2001
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    The Final Frontier

    Out Of This World: Space.com, a Web site devoted to space- related subjects, named former CFO John Ferrara CEO, replacing founder Lou Dobbs who is set to return to AOL Time Warner Inc.’s news network CNN’s Moneyline. Dobbs will remain chairman of the board of the company. The business journalist ...

    By Michelle Gabrielle • April 26, 2001
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    2000 CFO Pay: $2.9 Million for Dynergy’s Doty

    Dynegy SVP and CFO Robert D. Doty, Jr. took home about $2.9 million last year, including over $2 million in options, according to the Houston, Tex.-based energy company’s recently released proxy.In 2000, Doty exercised exactly $2,120,760 in options. He also received $253,125 in salary, $493,000 i...

    By Michelle Gabrielle • April 25, 2001
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    Keeping Us Posted

    News Flash: Internet Wire Inc., an online distributor of company news and other business communications materials, appointed John Powers as CFO. Prior to joining Los Angeles-based firm, Powers was the CFO for TheSauce.com, where he was responsible for the company’s financial, human resources, leg...

    By Michelle Gabrielle • April 25, 2001
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    Leaving Las Vegas

    Game Over: Casino operator Harrah’s Entertainment Inc. announced that CFO Colin Reed resigned to become CEO of Nashville-based hotel and entertainment firm Gaylord Entertainment Co. Treasurer Charles Atwood will be replace Reed as Harrah’s CFO.Playing It Safe: Nomura Holding America Inc., the New...

    By Michelle Gabrielle • April 24, 2001
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    2000 CFO Pay: Broadband Bigwig Gets $3.4 Million

    Time Warner Telecom Inc.’s SVP and CFO Davd J. Rayner received nearly $3 million in options last year, according to the company’s recently released proxy.AOL Time Warner owns 60.7 percent of the Littleton, Colo.-based provider of high-speed Internet services.In 2000, Rayner received $209,615 in s...

    By Michelle Gabrielle • April 23, 2001
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    Titanic Moves

    Mark W. Sopp has reached Mt. Olympus as Titan Corp.‘s new CFO. Sopp had previously served as VP and CFO of Titan Systems, the San Diego-based information-technology services company’s government IT subsidiary. In the same announcement, Titan also said it promoted EVP Eric M. DeMarco to the post o...

    By Michelle Gabrielle • April 23, 2001
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    M&A Man

    Does the Name Terry Kawaja Come to Mind? Former dot-com executive Terry Kawaja has taken a new position with Zurich- based Credit Suisse First Boston Corp. as co-head of media mergers and acquisitions with Michael Wildish. Kawaja joins CSFB after a year-long stint as CFO at Louisville, Colo.-base...

    By Michelle Gabrielle • April 20, 2001
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    The ABCs of OECD

    Q: What is the OECD’s harmful tax competition initiative? Should companies that operate in countries with favorable tax policies be worried about it?Christopher PeytonOak Park, Ill.A: The Organisation for Economic Co-operation and Development could be called a governmental think tank. It has 30 m...

    By CFO Editorial Staff • April 20, 2001
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    2000 CFO Pay: Teradyne’s Bradley Earned Nearly $6 Million

    Teradyne, Inc.’s VP and CFO, Michael A. Bradley, took home nearly $6 million in total compensation last year, according to the company’s recently released proxy. Most of that amount came from $5,038,124 of restricted stock awards.Bradley also received $317,900 in salary, $469,643 in bonus, and $6...

    By Michelle Gabrielle • April 20, 2001
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    Remote Outpost

    He’s Out: Kent, Conn.-based Cyberian Outpost Inc., operator of online retailer Outpost.com, announced that Paul D. Williams III resigned from his post as CFO. His duties have been assumed temporarily by VP of finance and administration Michael T. Dylag and director of financial reporting Michael ...

    By Michelle Gabrielle • April 19, 2001
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    2000 CFO Pay: One Man’s Trash is Another Man’s Treasure

    Allied Waste Industries, Inc.’s EVP and CFO Thomas W. Ryan sure cleaned up last year, as he took home more than $3.1 million in compensation. Not bad by most standards. However, he only joined the Scottsdale, Ariz.-based waste-services company in August 2000.Ryan earned $220,000 in salary, $483,7...

    By Michelle Gabrielle • April 19, 2001
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    Interim Head of the Charles

    Jumping Ship: Charles River Associates Inc., a Boston-based financial consulting firm, said its CFO Laurel Morrison will resign for personal reasons at the end of the month. The company’s controller, Marybeth Celorier, was named interim CFO while the company seeks a permanent replacement for Morr...

    By Michelle Gabrielle • April 18, 2001
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    2000 CFO Pay: PG&E’s Darbee Earned $860,000

    Peter A. Darbee, SVP, CFO, and treasurer of PG&E Corp., whose utility unit recently sought protection under Chapter 11 of the U.S. Bankruptcy Code, took home more than $860,000 last year. In 2000, Darbee was paid $415,000 in salary, more than triple his salary in 1999, according to the San Fr...

    By Michelle Gabrielle • April 18, 2001
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    Let There Be Light

    Dayton, Ohio-based utility and energy holding company Dayton Power & Light Inc. (DPL) decided to utilize the skills of Elizabeth McCarthy by hiring her as group VP and CFO. McCarthy, who joined DPL in April 2000 as VP and chief accounting officer, will be responsible for energy marketing, fue...

    By Michelle Gabrielle • April 17, 2001
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    2000 CFO Pay: Host Marriott’s Parsons Pulled Down Nearly $2 Million

    Host Marriott Corp.’s EVP, CFO and corporate secretary Robert E. Parsons, Jr. earned nearly $2 million last year, according to the company’s recently released proxy. In 2000, Parsons earned $534,000 in bonus and $53,995 in other compensation (from company contributions toward a retirement, saving...

    By Michelle Gabrielle • April 16, 2001
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    First Union’s Kelly to Become CFO After Merger With Wachovia

    Robert P. Kelly, EVP and CFO of First Union, will serve as CFO when Charlotte, N.C.-based First Union Corp. and Winston-Salem, N.C- based Wachovia Corp. complete their merger. A Wachovia spokesperson declined to comment on the reason for this choice, only to say that it was simply “part of the ag...

    By Michelle Gabrielle • April 16, 2001
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    Aetna CFO Departs

    Alan Webber spearheaded insurer’s effort to sell off its financial services and overseas units. Alan Weber, CFO and vice chairman of Aetna, Inc., is leaving the Hartford, Conn.-based health insurer after a three-year stint, according to Dow Jones Newswires. Alan Bennett, the company’s corporate c...

    By CFO Editorial Staff • April 16, 2001