Human Capital: Page 208
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Premium Pay (Up)
One digit crisis has passed, but another looms. This time it’s the double-digit growth in the cost of health care, a sector that defies the economy’s low-inflation trend. But employers are not rushing to share the burden with employees as they have in the past, for fear of risking a worse headach...
By Joe McCafferty • Feb. 1, 2000 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Companies Reap Surprising Benefit
An unexpected twist, courtesy of a booming stock market: Defined benefit plans may be kinder than defined contribution plans to a company’s bottom line. Although counterintuitive, a study from employee benefits consultant Towers Perrin finds the high-flying market has swelled the coffers of some ...
By Michael O'Loughlin • Feb. 1, 2000 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Better Returns via the Web
Here comes an online tool designed to optimize cash management decisions. TreasuryPoint.com (w ww.treasurypoint.com) heralds the computing and real- time analytical power of the Web, promising to increase investment returns or reduce borrowing costs.Unveiled in October by SEI Investments Co., a $...
By Steve Bergsman • Feb. 1, 2000 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Next Wave
The elevation of the CFO has been fueled by a long list of finance luminaries, including General Electric’s Dennis Dammerman, Merck’s Judy Lewent, Hilton’s Steve Bollenbach, and Tracinda’s Jerry York. Curious about who the next finance leaders might be, we asked a group of well-informed observers...
By DeAnn Christinat and Lori Calabro • Jan. 1, 2000 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Care Package
A new study from John Hancock Mutual Life Insurance Co. and the National Council on Aging reveals that Americans are increasingly concerned about long-term care. And, in response, another study reports, more firms are offering long-term-care insurance as a benefit.The industry average for employe...
By DeAnn Christinat • Nov. 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Nonqualified Successes
Like most companies, Boston Edison Co. likes to avoid unpleasant surprises. So last year, the utility chose to fund its nonqualifed deferred compensation plan with investments that mimic the securities in its established tax-sheltered 401(k) plan. The nonqualifed plan, a “top hat” designed to pro...
By Jinny St. Goar • Oct. 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Compaq CEO Choice Raises Issue
Compaq Computer Corp.’s search for a CEO and a CFO led, predictably enough, to the selection of the chief executive first. Compaq had no comment on the wisdom of choosing an insider, former chief information officer Michael D. Capellas, to lead the company, but analysts were quick to weigh in wit...
By Roy Harris • Sept. 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Out with the Old?
Judging from predictions 10 years ago, defined- benefit plans should no longer exist. After all, 401(k) plans cost so much less to sponsor and are more appealing to an increasingly youthful and mobile workforce. But a funny thing has happened to traditional defined- benefit plans. A growing numbe...
By Robert Stowe England • Sept. 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Khaki Finance
A Pier 1 ExportOn the same day that Pier 1 Imports Inc. announced that it would report lower-than- expected earnings for the second fiscal quarter, and that an acquisition attempt had fallen apart, the Fort Worth retailer announced that its CFO, Stephen F. Magnum, had resigned.Magnum is likely ta...
By CFO Editorial Staff • Sept. 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Acts of Privacy
On Employee Health Care…Privacy legislation geared at safeguarding access to medical records may undermine employers’ expanding uses of employee health care information in managed-care and benefit- integration programs. Following the mandate of the Health Insurance Portability and Accountability ...
By George Donnelly • Aug. 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Reward: $5,000
Reward: $5,000Tough times call for desperate measures. That why Riverside National Bank of Florida is taking a page from the Wild West, and issuing wanted posters offering a $5,000 reward for a CFO. The reward is actually a referral fee to anyone who provides an introduction to a highly qualified...
By CFO Editorial Staff • Aug. 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
When Pensions Change Hands
On Pensions…Nine former employees of Signet Banking Corp. are testing the limits of laws and regulations designed to protect plan sponsors from litigation as fiduciaries. Their class-action lawsuit on behalf of 5,000 former Signet workers was filed in May against First Union Corp. of Charlotte, N...
By Robert Stowe England • Aug. 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Ford’s Not In His Future
Ford’s Not In His FutureAt first, it appeared that John Devine, CFO of Ford Motor Co. since 1994, would survive the new regime of Jacques Nasser, who took over as Ford’s CEO in January. Seven top VPs did not. Ultimately, though, Devine’s fate would be the same. Ford announced his September retire...
By CFO Editorial Staff • July 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Pay for Underperformance?
It seems to be a law of commerce that no incentive-compensation scheme works as intended for very long. When first introduced, stock options were widely embraced as both good management and good business. Sure, the Financial Accounting Standards Board squawked. But investors believed they had the...
By Stephen Barr • July 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Checking That Cash Balance
On Pensions: If Congress Has its Way…Companies that are converting their traditional pension plans to cash balance plans will soon have to give employees more of the details. The Pension Right to Know Act of 1999, sponsored by Sen. Daniel Patrick Moynihan (DN.Y.), would require individualized es...
By Joseph McCafferty • July 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Mouseketeers
Movin’ On UpXerox Corp. sorted out its succession picture when it named Rick Thoman to the chief executive post. The former president and COO takes over for Paul Allaire, who will remain chairman for a year. Before joining the Stamford, Conn., document company, Thoman was CFO of IBM Corp.Cadence ...
By CFO Editorial Staff • June 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Custom Suits: A Corporate Education
Cheryl McManus’s work at Duke University’s Fuqua School of Business is academic–but not entirely so. The senior manager of finance and control for ABB Inc., based in Norwalk, Connecticut, has been collaborating this spring with three colleagues on a classroom assignment that has real-world implic...
By Roy Harris and Stephen Barr • June 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Goldman’s New Guru
Goldman’s New GuruWhen The Goldman Sachs Group LP agrees to underwrite an IPO, often one of its first suggestions is to bring in a new CFO. The New York investment bank is now practicing what it preaches. In anticipation of a $2 billion offering this spring, Goldman appointed David Viniar as CFO....
By CFO Editorial Staff • May 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The 401(k) Switch is On
This is the second part of a two-part series. This month’s article features insurance companies and banks. Last month, we featured investment firms and alliance partners.Despite the hassles employers that switch 401(k) plans inevitably face, an estimated 15 to 20 percent take the plunge every yea...
By Jeannie Mandelker • May 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
In Good Hands
In Good HandsThe CFO post at Allstate Corp. is changing hands. John L. Carl was named the new finance chief and SVP at the Northbrook, Ill., insurance giant. He succeeds Thomas J. Wilson, who was recently named president of the Allstate Life Insurance Co. unit. Carl was formerly EVP and CFO of BP...
By CFO Editorial Staff • April 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Empowered Employees
This is the first part of a two-part series. This month we feature investment firms and alliance partners. Next month, we will feature insurance companies and banks.Instantaneous access to balances. An array of fund choices and easy flexibility. Online options galore. The 401(k) industry is groom...
By Jeannie Mandelker • April 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Feelin’ All Right
Despite the financial turmoil that has rocked world markets for nearly two years, companies seem generally satisfied with existing incentive programs for executives outside North America. “We aren’t changing ours at this point,” comments Karen Rose, CFO of Clorox Co., headquartered in Oakland, Ca...
By Roberta Reynes • April 1, 1999 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Crossing the 401k Line
Adam Kelly’s retirement plan is in surprisingly good shape for a worker who’s only 24 years old. He diverts 5 percent of his salary to his company’s 401(k) plan, dividing his contribution equally between two stock funds, one that invests in small, fast-growing companies and another that focuses o...
By Jeannie Mandelker • Dec. 1, 1998 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Dennis Dammerman – General Electric
When Dennis Dammerman became CFO of General Electric Co. in 1984, at the age of 38, he was still, as he puts it, “wet behind the ears.” He thought he knew a lot about finance, he says, “but this was a different world, and I was operating at a whole different level.”That insight is key to the emph...
By Ann Monroe • Sept. 1, 1998 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Scott Sullivan – WorldCom Inc.
In this era of megamergers–9 of the 10 largest deals in U.S. history were announced this year alone–it’s pretty hard to stand out from the crowd. But Jackson, Mississippi-based WorldCom Inc. has transformed itself into a powerhouse through mergers and acquisitions in such a short time that it has...
By Joseph McCafferty • Sept. 1, 1998
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