Human Capital: Page 202

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    Grapevine

    GRAPEVINEHit the RoadANC Rental Corp. CEO Michael S. Karsner hit the road as the $3.5 billion (in sales) company, which owns Alamo Rent-a-Car and National Car Rental, announced in early January that fourth-quarter losses would be $45 million to $50 million, triple its prior projections. Karsner, ...

    By CFO Editorial Staff • Feb. 1, 2001
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    Glass Ceiling Continues to Shatter for Women CFOs

    Here’s further confirmation that more women are assuming financial management posts in U.S. companies. According to a recent survey by RHI Management Resources, an accounting consulting firm, 43 percent of CFOs polled said the number of management-level positions held by female accountants in the...

    By Jennifer Caplan • Feb. 1, 2001
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    Cobra Charms a New Finance Chief

    The Cobra Charmer: Chicago-based Cobra Electronics Corp., a maker of two- way mobile communications products, named Michael Smith as its CFO. Smith was a managing director in the corporate finance group at Mesirow Financial Inc., a provider of financial services. Gerry Laures, VP of finance and c...

    By Jennifer Caplan • Jan. 31, 2001
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    Welcome to Gateway Country

    Cow Spots: Gateway Inc., the San Diego-based computer manufacturer, replaced its CFO as part of a management shake-up in the midst of sluggish personal computer sales. Joe Burke was named senior VP and CFO, succeeding John Todd, who is leaving the company to pursue other interests. Burke, who joi...

    By Jennifer Caplan • Jan. 30, 2001
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    A New CFO Takes on Everest.

    Philip Veneziano is at peak performance. He joined Everest Broadband Networks, a provider of broadband services based in Fort Lee, N.J., as the start-up’s first CFO. Veneziano had previously served as senior VP of financial operations at Juno Online Services, an Internet service provider. He has ...

    By Jennifer Caplan • Jan. 29, 2001
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    Benefit Costs Jump 5.6 Percent

    Employee benefit costs for private industry— including those involving paid leave, retirement, and insurance benefits—rose 5.6 percent in 2000, according to figures just released by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). That represents a significant rise over the 3.4 pe...

    By David Katz • Jan. 26, 2001
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    How to Address Substance Abuse in the Workplace

    Workplace substance abuse continues to nag at corporate performance, and if the worst thing an employer can do is ignore the problem, the second worst thing a company can do is simply fire the troubled worker and get rid of him for good. “It is much more expensive to ignore the problem than it is...

    By Michelle Gabrielle • Jan. 26, 2001
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    Steeling the Show

    Man of Steel: Wyomissing, Pa.-based stainless steel producer Carpenter Technology Corp. appointed Terrence E. Geremski to the posts of SVP of finance and CFO. The former Guilford Mills Inc. CFO replaces G. Walton Cottrell, who will become SVP of strategic planning.No more bankers’ hours for Scot ...

    By Lisa Yoon • Jan. 26, 2001
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    Institutional Insecurities

    Network the World… for a new job? Morgan Stanley Dean Witter & Co. CFO Robert G. Scott is stepping into the role of president of the New York-based securities firm upon current president and COO John Mack‘s resignation. The company did not indicate the reason for Mack’s departure, effective M...

    By Lisa Yoon • Jan. 25, 2001
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    Big Man On Campus

    Scholarly Pursuits: Randall S. Livingston was named VP of business affairs and CFO of Stanford University in Stanford, Calif. Currently CFO of Mountain View, Calif.-based interactive television firm OpenTV Corp., Livingston will replace Mariann Byerwalter in March. Byerwalter, who has served as S...

    By Lisa Yoon • Jan. 24, 2001
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    A Solution for Rising Drug Costs

    With the cost of prescription drugs rising at an alarming rate, employers are likely to ask employees to foot a greater percentage of pharmacy benefits bills. But the tight labor market may make it hard for employers to get workers to accept coinsurance plans. The market could also make it diffic...

    By David Katz • Jan. 24, 2001
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    Extra, Extra

    Who’s News: Dow Jones & Co. named Richard F. Zannino as its new finance chief. The Liz Claiborne Inc. CFO will succeed Jerry Bailey in February. Bailey announced in September that he was leaving the New York-based news service and publisher of The Wall Street Journal for family reasons. He ha...

    By Lisa Yoon • Jan. 23, 2001
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    Zagat Finds a Gem

    Steven C. DeLorenzo gets a perfect 30 for service from Zagat Survey LLC. The New York-based provider of consumer survey- based dining and travel information named DeLorenzo as its “first-ever” CFO. According to Zagat, the former CFO of Pseudo Programs Inc., a streaming media company, will be “inv...

    By Lisa Yoon • Jan. 22, 2001
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    nTouch Gets nSync with New CFO

    The Magic Touch:nTouch Research, Corp., a provider of clinical research services to the pharmaceutical industry, announced that Richard Gianni has been appointed CFO. Prior to joining the Raleigh, N.C.-based nTouch, Gianni was VP of finance and administration at Celotek Corporation, a provider of...

    By Michelle Gabrielle • Jan. 19, 2001
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    RPM Pulls a Fast One

    A Solid Choice:Michael E. Steele, currently VP of Newell Rubbermaid Inc., Freeport, Ill., will join Medina, Ohio-based RPM, Inc., a maker of industrial products, as CFO and VP, effective Jan. 29, 2001. He succeeds David P. Reif, who left the post to head RPM’s StonCor Group as president. In 2000,...

    By Michelle Gabrielle • Jan. 18, 2001
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    A New CFO Puts His Stamp on Pitney Bowes

    Signed, Sealed, and Delivered:Pitney Bowes Inc., a provider of messaging solutions, announced the appointment of Joseph D. Skrzypczak as CFO of Pitney Bowes Office Systems. Before joining the Stamford, Conn.-based company, Skrzypczak served as CFO and COO of Stratford, Conn.- based Dictaphone Cor...

    By Michelle Gabrielle • Jan. 17, 2001
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    Thank You for Shopping With Us

    It’s in the Bag: Internet grocer Peapod Inc. announced that Andrew Parkinson, founder of the company, will become its CFO, effective January 19. He will be taking over from CFO Dan Rabinowitz, who will be leaving the Skokie, Ill.-based firm to pursue other opportunities. In 1999, Rabinowitz made ...

    By Michelle Gabrielle • Jan. 16, 2001
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    SURVEY: CFOs Grab Big Bucks at Smaller Companies

    Even at relatively small companies, it’s becoming more and more apparent that it pays to be a CFO.For example, a company in the electrical and electronics industry and located in New York state had projected $157 million in revenues and an 11 percent profit margin in 2000. Poised to reap rewards ...

    By David Katz • Jan. 16, 2001
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    SURVEY: Eight Tables Show Gap Between CFOs and CEOs Narrowing

    CFO compensation at small- to medium-sized firms has been surging over the last four years, both in absolute terms and in comparison to what CEOs are making, according to a survey of executive compensation by Frederick, Maryland-based Panel Publishers. A breakdown of the top five earners among th...

    By David Katz • Jan. 16, 2001
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    Go West, Young Man

    A Safe Landing: America West Airlines Inc. named Thomas K. MacGillivray as its CFO and SVP of finance. MacGillivray joins the Tempe, Ariz.-based airline from Phoenix, Ariz.-based Central Newspapers Inc., where he was CFO and SVP for seven years.A Zaf-hire: Optical networking company Zaffire Inc.,...

    By Michelle Gabrielle • Jan. 15, 2001
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    The Tough Go Shopping

    Playing the Stein Way: Bothell, Wash.-based biotech firm ICOS Corp. appointed Michael A. Stein as VP and CFO. A 25-year finance veteran, Stein has held CFO positions at Marriott International Inc. and most recently at Nordstrom Inc.Allies In Arms: Vienna, Va.-based defense and commercial electron...

    By Jennifer Caplan • Jan. 12, 2001
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    Risks & Benefits: Gauging the Downturn

    Just like that, the tight labor market seems like old news. Seemingly yesterday, the shift in the balance of power toward employees and away from employers seemed like the biggest revolution since the fall of the Berlin Wall.Suddenly, talented workers—youthful ingenious ones and sage-like elders—...

    By David Katz • Jan. 11, 2001
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    Heidi Miller Gets Insured

    Heidi, Heidi, Heidi Ho: Heidi Miller, former CFO of Priceline.com Inc. and Citigroup Inc. was appointed vice chairman at New York-based Marsh Inc., the world’s largest insurance broker. Miller, who served as Citigroup’s CFO from 1998 to 2000, left Priceline last November, only eight months after ...

    By Jennifer Caplan • Jan. 11, 2001
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    Towers Perrin Gets a New Human Resource

    Gonelli’s Gone:Towers Perrin announced the appointment of Mark L. Wilson as the New York-based firm’s new CFO. Wilson joins the management and human resource consulting firm after serving as VP of finance at Thomson Learning, a textbook publishing and IT training company. Before that, Wilson was ...

    By Jennifer Caplan • Jan. 10, 2001
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    Long-term 401(k) Lessons

    When the economy booms for as long as it did most recently, it’s easy to forget certain basics. That companies are supposed to make money is one that many painfully remembered in 2000. Others include the fact that the stock market goes up and down. Still another is that retirement plans are for, ...

    By Lisa Yoon • Jan. 10, 2001