Human Capital: Page 198

  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Aetna CFO Leaves

    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 controller, will assume to role of interim CFO. An internal company memo written by John Rowe, Aet...

    By CFO Editorial Staff • April 16, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Take This Job and Post It

    Oh what a difference a bad year makes. Last January, the television broadcast of Super Bowl XXXIV — which, as you may recall, took place at the height of the dotcom frenzy — featured 17 commercials for cyber-sellers, virtual merchants, and E-tailers of every stripe. This year, the word dotcom was...

    By Karen Bannan • April 15, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    2000 CFO Pay: Amazon’s Jenson Earned Nearly $2.1 Million

    You have to give Amazon.com, Inc.’s CFO Warren C. Jenson a lot of credit. He joined the Internet retailer in September of 1999, at the height of the Internet bubble when millionaire wannabes tripped over their stock options trying to make the best deal for themselves.However, Jenson obviously rea...

    By Michelle Gabrielle • April 13, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    From Banks to Biology

    Thomas D. Cunningham, a former managing director at J.P. Morgan and Co., is banking on Microban International Ltd.. He’s been named EVP and CFO of New York-based provider of antimicrobial protection for consumer products. Cunningham’s appointment completes the staffing of the company’s new global...

    By Michelle Gabrielle • April 13, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Credentials for Credit

    Q: What are some specific key parameters banks are using as credit guidelines over time, and how do those guidelines change? For example, if a bank is tightening credit, what does that mean? I have done my own polling of banks from time to time, but it would be nice if there was a more scientific...

    By CFO Editorial Staff • April 13, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    2000 CFO Pay: Former Penney CFO Received $2.1 Million in Severance

    Former J.C. Penny Co., Inc. CFO Donald A. McKay took home more than $2.2 million in “other compensation” in his last year at the Plano, Tex.-based retailer, according to the company’s recently released proxy. Most of it came from a severance agreement while $71,492 was from vacation pay, and $59,...

    By Michelle Gabrielle • April 12, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    The Road to Recovery

    Lernout & Hauspie Speech Products NV is hoping Tim Ledwick is the voice of experience it needs to recover from its recent woes. He was named CFO “to help develop and implement L&H’s recovery plan,” the Belgian maker of speech-recognition software said in a statement. It was referring to i...

    By Michelle Gabrielle • April 12, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    2000 CFO Pay: Intel Shares the Wealth

    Parlaying Intel Corp.’s success in the first half of 2000, Andy D. Bryant, the company’s CFO, exercised over $10 million in options last year.Further, according to the Santa Clara, Calif.-based chip maker’s recently released proxy, Bryant took home $260,000 in salary and $166,100 in other compens...

    By Michelle Gabrielle • April 11, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Catch of the Day

    The Real Issue: Tracy Martin was appointed VP and CFO of Red Herring Communications Inc., an integrated network of media properties. Martin has been with the San Francisco-based company since December 1999. Before joining Red Herring, he was director and corporate controller of NeoMagic Corp., a ...

    By Michelle Gabrielle • April 11, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Cozying Up

    In on the Secret: Intimate Brands Inc., the Columbus, Ohio- based parent of Victoria’s Secret and Bath & Body Works stores, named beverage bottling executive Tracey Thomas Travis as CFO. Travis was previously CFO at Rexam Beverage Can Americas. He succeeds Michael Newman, who left the women’s...

    By Michelle Gabrielle • April 10, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    2000 CFO Pay: Boston Scientific’s Best Earned More than $1 Million

    Boston Scientific Corp. SVP of finance and administration and CFO Lawrence C. Best took home a tad more than $1 million in 2000, according to the company’s recently released proxy. In 2000, Best earned $415,001 in salary, $249,001 in bonus, and $7,113 in other compensation. He also received $368,...

    By Michelle Gabrielle • April 10, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    2000 CFO Pay: RadioShack’s Late CFO Made $3 Million

    Former RadioShack Corp. SVP and CFO Dwain H. Hughes took home more than $3 million from direct compensation and exercised options in 2000, his last full year at the company. On January 30, 2001, Hughes died at the age of 53 after a brief illness. see related story.In his last full year at RadioSh...

    By Michelle Gabrielle • April 9, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Network Associates Makes a Safe Bet on a New CFO

    Safe Choice: Santa Clara, Calif.-based computer security software maker, Network Associates Inc., named Stephen Richards as CFO, effective immediately. He was formerly CFO and SVP for strategic development at E*Trade Group Inc., and online brokerage and banking company based in Menlo Park, Calif....

    By Michelle Gabrielle • April 9, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    2000 CFO Pay: Comp Package Swells 57 Percent for Kmart’s Welch

    Kmart CFO Martin E. Welch III was awarded $598,500 in restricted stock last year, helping to boost his total pay package to $1,168,125 for 2000, up 57% from the prior year, according to the company’s recently released proxy. Last year, Kmart reported a $45 million operating loss and $332 million ...

    By Michelle Gabrielle • April 6, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Heading Out

    Moving Day: Nursing home operator, Beverly Enterprises, Inc., announced that CFO Scott Tabakin has decided to move on after nine years with the Union City, Calif.-based company. Tabakin has taken a similar position at Amerigroup Corp., a managed health-care company in Virginia Beach, Va. His resi...

    By Michelle Gabrielle • April 6, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    2000 CFO Pay: Hasbro’s Verrecchia Takes Home More Than $1.9 Million

    Financially troubled Hasbro, Inc. may have frozen the salaries of chairman Alan Hassenfeld and former CFO Alfred J. Verrecchia and did not award either of them a bonus for 2000.But, that didn’t stop Verrecchia from taking home nearly $1.94 million last year from direct and indirect compensation a...

    By Michelle Gabrielle • April 5, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Wells Fargo’s Kari Bids Adieu

    Oh well. Wells Fargo & Co. said CFO Ross Kari resigned to pursue new opportunities. The banking giant said he is exploring options inside and outside the company. Kari will remain as CFO until a permanent replacement is found.In a recent press release, Kari said that Wells Fargo’s 1998 merger...

    By Michelle Gabrielle • April 5, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Pillow Talk

    Bedding and bath home furnishings manufacturer Pillowtex Corp. just touched up their executive team with the addition of Michael R. Harmon as CFO. Harmon joins the Dallas, Tex.-based company from Galey & Lord Inc., a Greensboro, N.C. textile manufacturer, where he served as EVP and CFO. Pillo...

    By Michelle Gabrielle • April 4, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    2000 CFO Pay: Continental’s CFO Snares $6 Million

    Lawrence W. Kellner joined Houston, Tex.-based Continental Airlines in June 1995 as SVP and CFO. In 1996, he was promoted to EVP and CFO. Since then, his compensation has taken off to quite a high altitude, according to the company’s recently released proxy. Last year, he took home $580,781 in sa...

    By Michelle Gabrielle • April 3, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Pass the Excedrin

    It’s All About Mee, Mee, Mee: New York-based pharmaceutical giant Bristol-Myers Squibb Co. just prescribed a remedy to replace Michael Mee, who will step down from his position as CFO. Controller and SVP of finance Frederick Schiff will take on the CFO role. Mee will continue at the company as an...

    By Michelle Gabrielle • April 3, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    VCs to Big Five: You’re Not So Big

    Q: We are looking for venture-capital money for our one-year-old company. How useful or advantageous is it to have an independent valuation by, for example, a Big-Five consulting firm? Do VCs accept these valuations, and does it help validate the company when VCs are in the due-diligence phase of...

    By CFO Editorial Staff • April 3, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    2000 CFO Pay: Polaroid’s Former CFO Took Home $1.4 Million

    Judith G. Boynton, Polaroid Corp.’s former CFO and EVP of business development took home $1.43 million in total compensation in 2000. Boynton, who resigned on Jan. 26, 2001, earned $436,546 in salary, $33,294 in bonus, and $28,903 in other compensation at the Cambridge, Mass.-based camera and fil...

    By Michelle Gabrielle • April 2, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Packaged Ice’s Hot new Finance Chief

    Cool Move:Packaged Ice Inc., a Houston, Tex.-based ice company, announced the appointment of Leonard A. Bedell to the position of EVP and CFO. He succeeds Steven J. Janusek, who resigned to accept another position. Bedell has served as SVP of Packaged Ice’s central operations since January 1998. ...

    By Michelle Gabrielle • April 2, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Reach Out and Touch

    As CFO of an East Coast insurance company, Dennis Bandish never could find the time to schmooze with other financial executives just for the sake of making connections. Then he found himself out of work four years ago. Without a lot of doors to knock on, he languished for 14 months before landing...

    By Alix Stuart • April 1, 2001
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    What’s The Beef? Mike Conley exits McDonald’s.

    In March, burger behemoth McDonald’s Corp. caught the market unawares by announcing the pending retirement of CFO Michael Conley. “It was a surprise. He was well regarded among the investment community,” says Lehman Brothers Inc. analyst Mitchell Speiser.In fact, the news left investors missing m...

    By CFO Editorial Staff • April 1, 2001