Human Capital: Page 201

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    Golden Parachutes Soar Again

    A favorite tool to prevent hostile takeovers during the merger-mad 1980s is making a comeback–golden parachutes. However, this time around they are being used to retain top executive talent in a tight labor market.“More and more [executives] are expecting them,” Paula H. Todd, a principal with To...

    By David Katz • Feb. 27, 2001
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    Hillenbrand Digs up a New CFO

    Stayin’ Alive: Batesville, Ind.-based funeral and health- care services firm, Hillenbrand Industries Inc. named Scott Sorensen as CFO, effective March 1. Sorensen succeeds Donald Barger, who resigned to become CFO at Yellow Corp., an Overland Park, Kans.-based transportation services provider. So...

    By Michelle Gabrielle • Feb. 27, 2001
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    Navigating the Rough Waters of State Sales Tax

    Editor’sNote: Ask the Experts is a new weekly column that aims to help finance executives like you find answers to difficult questions. Submit your questions by E-mailing them to [email protected]. Unfortunately, we cannot answer all questions individually. While we will enlist professionals t...

    By CFO Editorial Staff • Feb. 27, 2001
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    Cabot Oil Explores a CFO Change

    Fill er’ Up:Cabot Oil & Gas Corp., a natural gas producer and marketer in Houston, Tex., announced that Paul F. Boling has resigned as VP, finance, to pursue other interests. Scott C. Schroeder has been promoted to CFO to replace Boling. Schroeder will retain his posts as VP and treasurer of ...

    By Michelle Gabrielle • Feb. 26, 2001
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    TranSwitch Conducts a CFO Change

    Top Conductor: Semiconductor maker TranSwitch appointed Peter Tallian, a former executive at software concern Metavante Corp., to the CFO position. Tallian replaces Michael Stauff, who is leaving the Shelton, Conn.-based company after a six-year tenure to pursue personal interests. Stauff, who wa...

    By Jennifer Caplan • Feb. 23, 2001
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    Kana Communications Names a New CFO

    Higher Art: Kana Communications, a Redwood City, Ca.-based provider of enterprise relationship management (ERM) software, appointed Art Rodriguez, Kana’s VP of finance, to the interim CFO position, effective immediately. Rodriguez has 15 years of experience in accounting and global finance, most ...

    By Jennifer Caplan • Feb. 22, 2001
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    Focusing on Finance

    Keeping An Eye on the Things: Focal Communications Corp., a broadband communications provider, named Ronald Reising to the position of CFO. He will be responsible for overseeing the finance, treasury, and accounting functions of the company, and will report to Robert Taylor, Focal’s president and...

    By Jennifer Caplan • Feb. 21, 2001
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    Passing the Buck

    Good Deal: Dollar General Corp., a Goodlettsville, Tenn.- based discount convenience store chain, announced that James Hagan has been named EVP and CFO, succeeding Brian Burr. Hagan was previously CFO at parking garage operator Central Parking. Dollar did not say what Burr’s position at the 5,000...

    By Jennifer Caplan • Feb. 20, 2001
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    Living La Vida Loca

    Nelson Murphy answered the call from AT&T Latin America Corp. The telecom company named him to the CFO post. Murphy was previously VP of finance for AT&T’s global network services and international operations.George W. Not a People Person? People’s Bank announced that CFO George W. Morris...

    By Lisa Yoon • Feb. 16, 2001
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    ‘Cause He’s the Tax Man…

    Government Veterans: The Internal Revenue Service has chosen W. Todd Grams as its new CFO. He will replace current CFO Lawrence W. Rogers, who is retiring. Grams is acting CFO of the Department of Veterans Affairs. He has also been CFO of the Veterans Health Administration.Passing the Test: John ...

    By Lisa Yoon • Feb. 14, 2001
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    The Skinny on Calvin Klein’s New COO

    Nothing Comes Between William Finkelstein and His Calvins: Warnaco Group Inc. announced that it named its CFO Finkelstein to the New York-based apparel maker’s Calvin Klein unit, where he will be COO of the $900 million jeans and underwear businesses. To fill in the CFO post, Warnaco brought in P...

    By Lisa Yoon • Feb. 14, 2001
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    The Refined CFOs

    It’s Going to Be a Gas: Chevron Corp. and Texaco Inc. named the management team that will head up ChevronTexaco Corp. upon completion of their merger. Among the announcements was the appointment of John Watson to CFO of the combined firm. The former CFO of San Francisco-based Chevron, will report...

    By Lisa Yoon • Feb. 13, 2001
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    A CFO is Not Forever

    Diamond in the Rough: Canadian biotech firm Forbes Medi- Tech Inc. named Don MacDonald as its new CFO. MacDonald joins the Vancouver, B.C.-based maker of plant-based cholesterol fighting agents from DeBeers Canada Mining Inc., where he was CFO. He takes over from acting CFO Allan Lam.Return on In...

    By Lisa Yoon • Feb. 12, 2001
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    P.H. Glatfelter Searching for a CFO

    Hot off the press: Specialty paper and engineered products manufacturer P.H. Glatfelter Co. named Robert Newcomer president and COO, and said it is searching for a CFO. Newcomer, 52, has been with the York, Pa.-based company since 1972. Formerly executive vice president, Newcomer has directed the...

    By Michelle Gabrielle • Feb. 9, 2001
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    Take the Money and Run

    A stellar decision: StellarNet, Inc., a Walnut Creek, Calif.- based provider of connectivity solutions for workers’ compensation and integrated disability management industries, announced the appointment of James A. Clark, C.P.A. to the position of senior VP and CFO. His primary responsibilities ...

    By Michelle Gabrielle • Feb. 8, 2001
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    Outside Board Members Earning Record Sums

    The average total compensation for outside board members of S&P 500 companies has set a record high, increasing to an average of $100,807 in 2000, according to a recent study by New York-based global management consulting firm, Towers Perrin. The study assumes that the average board member me...

    By Michelle Gabrielle • Feb. 8, 2001
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    Durable Goods Productivity Rises by 10 Percent

    Note to CFOs in the manufacturing sector: If it seems like your people are working a lot harder these days, you are not alone. According to the Bureau of Labor Statistics, the productivity of workers engaged in the manufacture of durable goods was a whopping 10 percent higher in the last quarter ...

    By Ed Zwirn • Feb. 7, 2001
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    IGT Takes Another Chance

    Back in the Game: Gaming equipment maker, International Game Technology (IGT) said that Maureen Mullarkey has rejoined the company as CFO. Mullarkey left Reno, Nev.-based IGT in July last year to become CFO for Zoho Corp., an E-commerce company. After her departure, IGT president and CEO Tom Bake...

    By Michelle Gabrielle • Feb. 7, 2001
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    A Friendly Departure

    Here’s the Scoop:Friendly Ice Cream Corp., a family restaurant operator in Wilbraham, Mass., said that Paul Kelley has resigned from his position as senior VP and CFO. The company has begun an active search for a CFO. In the interim, Paul J. McDonald will advise the company on financial matters. ...

    By Michelle Gabrielle • Feb. 6, 2001
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    Catch of the Day

    Table for One:Chart House Enterprises announced that Nancy Kresek will serve as acting CFO, following the resignation of executive VP and CFO William Sullivan. Before joining the Chicago-based restaurant operator, Kresek most recently served as CFO and VP of finance and administration for Chicago...

    By Michelle Gabrielle • Feb. 5, 2001
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    Chicken Soup for the Retired Soul

    Good Food for Thought: Campbell Soup said EVP and CFO Basil Anderson has decided to retire on April 30, after five years at the Camden, N.J.-based food company. Anderson, who is also on the board of Staples Inc., plans to pursue opportunities “for personal growth and development” before committin...

    By Jennifer Caplan • Feb. 2, 2001
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    Slowdown? What Economic Slowdown?

    Apparently unphased by the current brouhaha about an economic downturn and rising unemployment, employers are planning to hike salaries more than they had planned to do last summer, according to a recent compensation survey. About 645 employers surveyed in December by William M. Mercer Inc. expec...

    By David Katz • Feb. 2, 2001
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    Brown-Forman Cheers a CFO Hire (Updated)

    Worth a Shot: Louisville, Ky.-based liquor producer and marketer Brown- Forman appointed Phoebe A. Wood as the company’s new CFO. She replaces Steven B. Ratoff, who resigned last June to spend more time on his entrepreneurial ventures. Brown-Forman, which makes such drinks as Jack Daniel’s, South...

    By Jennifer Caplan • Feb. 1, 2001
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    Finance Recruiters

    Heading into her fifth year as CFO of Bowne & Co., Denise Fletcher ignored most of the recruiter calls that flooded into her office. She was content with the challenges of growing the publisher through 20 acquisitions in four years. “I wasn’t thinking about a new job at all,” she says.Then la...

    By Alix Stuart • Feb. 1, 2001
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    SEC Proposes Rule On Options

    As more and more companies have adopted some sort of equity compensation, particularly in the form of stock options, concerns about their impact on the company have increased as well. As a result, companies may soon be required to disclose key information about employee stock options. The Securit...

    By Michelle Gabrielle • Feb. 1, 2001