Human Capital: Page 199

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    Eye on 401(k)

    When Patricia Gondolfo took over as CFO of Mount Kisco (New York) Medical Group in 1997, the last thing she wanted to do was spend time assessing the company’s 401(k) plan. But she had to, because, as she describes it, “the plan was a mess, and there’s no honeymoon period for a new CFO when you’r...

    By Meg Glinska • April 1, 2001
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    2000 CFO Pay: J.P. Morgan Chase’s Shapiro Received $3.5 Million Bonus

    Mark J. Shapiro, director of finance, risk management and administration for J.P. Morgan Chase & Co., took home more than $10 million last year, including a $3.5 million bonus. Specifically, Shapiro’s salary was “just” $675,000. His bonus came to exactly $3,531,250. He also received $1,933,40...

    By Michelle Gabrielle • March 30, 2001
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    The Lazy Boy, the Fool, and the Traveler

    David Risley must have had a leg up on the competition. He was named CFO of La-Z-Boy Inc., a Monroe, Mich.-based furniture maker. Risley takes the seat of Frederick “Fritz” Jackson, who will retire next month. Before joining La-Z-Boy, Risley served as VP of finance and CFO of Aeroquip-Vickers Inc...

    By Michelle Gabrielle • March 30, 2001
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    2000 CFO Pay: Oil Company CFOs Hit Paydirt

    A pair of CFOs at Phillips Petroleum Co. earned a combined $5 million in 2000, according to the company’s recently released proxy.In 2000, T.C. Morris, former SVP and CFO of the Bartlesville, Okla.-based oil company, took home $441,500 in salary, $977,209 in bonus, $16,619 in other compensation, ...

    By Michelle Gabrielle • March 29, 2001
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    Pet Causes

    Doskocil Manufacturing Co. Inc., a maker of plastic pet- related products and carriers for sporting equipment, is sporting a new key executive. Susan Richman has been named VP and CFO to the Arlington, Tex.-based company. She joins Doskocil from Four Seasons, a division of Standard Motor Products...

    By Michelle Gabrielle • March 29, 2001
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    2000 CFO Pay: Genentech’s Lavigne Clears Nearly $24 Million From Options (Updated)

    The boom in biotech stocks not only enriched speculating day-traders. Genentech, Inc. CFO Louis J. Lavigne, Jr. cashed in big-time as well. Last year, Lavigne, Jr. earned $372,709 in salary, $310,000 in bonus and $27,100 in other compensation, according to the San Francisco, Calif.-based firm’s r...

    By Michelle Gabrielle • March 28, 2001
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    Would You Like Fries with that Retirement Package?

    Thinking Outside the Box: Jack in the Box Inc., the San Diego-based fast-food chain, announced that Charles Duddles will retire from the company as executive VP and CFO. Duddles will continue as CFO until the company finds his successor, the company said in a statement. He joined the company in 1...

    By Michelle Gabrielle • March 28, 2001
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    A Private Matter

    Q: The company I work for is closely held; therefore financial statements are unaudited. We do, however, desire to comply with generally accepted accounting principles. After our financial statements were published, to investors and lenders, it was discovered that we had failed to accrue certain ...

    By CFO Editorial Staff • March 28, 2001
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    2000 CFO Pay: AT&T’s Noski Earned $8.3 Million

    Charles H. Noski sure didn’t take much financial risk in 1999 when he left Hughes Electronics Corp. to become CFO at AT&T Corp.In late December 1999, AT&T granted Noski 310,648 restricted shares and 117,513 restricted stock units to replace grants from Hughes, which were forfeited upon hi...

    By Michelle Gabrielle • March 27, 2001
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    Teradyne’s New Superconductor

    A++: Teradyne Inc., a supplier of automatic test systems for semiconductor performance, named Gregory Beecher VP and CFO. Prior to joining the Boston-based company, Beecher was a senior partner in the technical practice at PricewaterhouseCoopers LLP, Teradyne’s outside audit firm. He replaces Mic...

    By Michelle Gabrielle • March 27, 2001
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    CFOs May Question the Value of Health Benefits

    With the explosion in health care costs, senior financial executives have reason to question why their companies are offering benefits in the first place. Overall health-care costs have already increased 10.3 percent in 2001, according to a recent survey by Watson Wyatt Worldwide, The Washington ...

    By Michelle Gabrielle • March 27, 2001
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    2000 CFO Pay: Outgoing St. Paul CFO Liska Took Home $5.5 Million

    P.J. Liska, whose resignation as CFO from St. Paul Cos., Inc. becomes effective on April 1, took home about $5.5 million last year in total compensation, according to the company’s recently released proxy. He earned about $6.9 million altogether over the past two years.Last year, Liska earned $69...

    By Michelle Gabrielle • March 27, 2001
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    2000 CFO Pay: McGraw-Hill CFO Takes in $2.3 Million

    Mcgraw-Hill Companies EVP and CFO Robert J. Bahash earned $605,000 in salary for 2000, plus a $770,000 bonus, $20,789 in other annual compensation, $48,000 of securities underlying options, $780,262 of long-term incentive payouts and $127,032 of other compensation for a grand total of $2,351,083....

    By Ed Zwirn and Michelle Gabrielle • March 26, 2001
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    Sun Uses Incentive Compensation to Boost Supply-Chain Perfomance

    You can spend millions on enterprise resource planning (ERP) software. But unless employees throughout the business use new technologies effectively, the potential efficiencies may be lost. So how can senior managers get employees to buy into E-business initiatives?By paying them for it.To be sur...

    By Jennifer Caplan • March 26, 2001
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    BREAKING NEWS: Bressler New Viacom CFO (Updated)

    Replacement named: Viacom, owner of CBS television network, Paramount Pictures and MTV, named former AOL Time Warner Inc. executive Richard Bressler to the chief financial officer post, effective May 1. Bressler, who was previously chief executive of AOL Time Warner Investments, will replace Fred...

    By Michelle Gabrielle • March 26, 2001
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    2000 CFO Pay: Aetna’s Weber Receives $1.1 Million Bonus

    Aetna Inc.’s CFO and vice chairman for strategy and finance Alan J. Weber earned $750,000 in salary, a $1.1 million bonus, and $45,000 in other compensation, according to the company’s recently released proxy filing. Total Compensation: $1,895,000. In the previous year, Weber earned $750,000 in s...

    By Michelle Gabrielle • March 23, 2001
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    Vying for Viacom?

    Changing Channels: AOL Time Warner Inc. announced that its head of investments Richard Bressler is leaving the Dulles, Va.- based Internet and media company. Bressler’s departure is the first by a Time Warner executive since America Online completed its $106.2 billion purchase of the company in J...

    By Michelle Gabrielle • March 23, 2001
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    2000 CFO Pay: Lexmark’s Morin Prints Out Nearly $340,000

    Lexmark International, Inc.’s EVP and CFO G.E. Morin earned $335,233 in salary and $4,239 in bonus, according to the Lexington, Ky.-based printer maker’s recently released proxy filing. Total Compensation: $339,472. In the previous year, Morin earned $302,932 in salary and $3,416 in bonus. For 20...

    By Michelle Gabrielle • March 22, 2001
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    Going For Brokerage

    Rest Assured: Indianapolis-based insurer Conseco Inc. announced it hired former Progressive Corp. co-chief executive Charles B. Chokel as CFO. Chokel replaces Tom Hagerty, who was acting CFO for the past eight months. The company said Hagerty will return to his job as a partner at private equity ...

    By Michelle Gabrielle • March 22, 2001
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    From Today’s Proxies: Du Pont’s CFO Nabs Nearly $900,000

    E.I. du Pont de Nemours and Company’s SVP and CFO G.M Pfeiffer earned $411,600 in salary, $475,000 in bonus, and $12,258 in all other compensation, according to the company’s recently released proxy filing. Total Compensation: $898,858. In the previous year, Pfeiffer earned $370,400 in salary, $4...

    By Michelle Gabrielle • March 21, 2001
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    Big Shoes to Fill

    Big Moves For Big Foot: Big Foot Financial Corp., the holding company for Fairfield Savings Bank, announced that president and CEO George Briody would retire effective March 31, and will be replaced by CFO Timothy McCue. Michael Cahill, who is controller, will become CFO and SVP. The Long Grove, ...

    By Michelle Gabrielle • March 21, 2001
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    Transfer Pricing Guidelines

    Q: How do I price a US-made product offered through a joint venture in a foreign country? Also, could you please direct me to a few web- based publications where I can read more about the topic.A: Section 482 of the Internal Revenue Code and Transfer Pricing Guidelines For Multinational Enterpris...

    By Ask the Experts • March 21, 2001
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    From the Proxies: Broadcasting a Pay Increase

    Quokka Sports, Inc.’s EVP and CFO Lee Schmidt earned $255,000 in salary, $20,000 in bonus, $2,825 in all other compensation and $96,250 in exercised options, according to the company’s recently released proxy filing. Total Compensation: $374,075. In the previous year, Schmidt earned $234,255 in s...

    By CFO Editorial Staff • March 20, 2001
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    Special Delivery

    A Convenient Choice: Kozmo , a New York-based online home- delivery service, announced that Tom McIntyre has been named SVP and CFO. McIntyre is the former executive VP and CFO of BMG Entertainment, a division of Bertelsmann A.G. McIntyre succeeds Gerry Burdo, who was promoted to president and CE...

    By Michelle Gabrielle • March 20, 2001
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    Car Talk

    Auto parts maker BorgWarner Inc. has found a CFO replacement in George Strickler, who succeeds Larry Skatoff. The Chicago-based company said in a statement that Skatoff is retiring for personal family reasons. He will continue to work with BorgWarner on a consulting basis. Strickler most recently...

    By Michelle Gabrielle • March 19, 2001