Human Capital: Page 209

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    Thomas Meredith – Dell Computer Corp.

    The stroll in the airport was far from a walk in the park. Back in 1993, Dell Computer Corp. chairman and CEO Michael Dell was ambling through London’s Heath-row Airport with his newly minted CFO, Thomas Meredith, and was increasingly puzzled by the optimism in the finance executive’s words. Thos...

    By Stephen Barr • Sept. 1, 1998
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    Larry Kellner – Continental Airlines

    By 1995, Continental Airlines had been down so many times, it was considered the palooka of the airline industry. Facing its third bankruptcy at that time, the battered airline was all but ignored by the financial community. In stepped 39-year-old Larry Kellner, who was charged with rebuilding th...

    By Russ Banham • Sept. 1, 1998
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    Changing Tide for Procter & Gamble

    It’s the end of an era at Procter & Gamble Co. In a bold move, Erik G. Nelson announced his retirement from the Cincinnati-based packaged- goods company. P&G cheered the announcement of Nelson’s successor, former treasurer Clayton C. Daley. Nelson remarked that his 36 years with P&G, ...

    By CFO Editorial Staff • Sept. 1, 1998
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    The Best CFOs of 1998

    How do you define excellence in finance? Given the dramatic ways the finance function has changed and the significant ways CFOs are contributing to their companies, this proposition is trickier than ever. For starters, an excellent CFO must demonstrate a thorough command of the traditional financ...

    By CFO Editorial Staff • Sept. 1, 1998
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    Thomas J. Wilson – Allstate Insurance Co.

    Thomas J. Wilson collects old photographs. On the wall behind his desk at the Northbrook, Illinois, headquarters of Allstate Insurance Co. hangs one such photo, featuring a gaggle of kids a century ago, their faces exhibiting a range of personalities. “The picture helps me remember that everybody...

    By Russ Banham • Sept. 1, 1998
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    Troubleshooters

    At first glance, one might wonder why Wilmington, Delaware-based DuPont Co.’s Kurt Landgraf was put in charge of a new business unit earlier this year that’s expected to boost long-term revenue growth. After all, analysts such as Jeffrey Cianci of Bear, Stearns & Co. credit the 51-year-old fo...

    By Michelle Celarier • Aug. 1, 1998
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    More Room at the Top

    Susannah Swihart was in midsentence when the sound first went off. The CFO and recently named vice chairman of $71.4 billion (in assets) BankBoston Corp. was describing the bank’s recent internal-fraud troubles for a group of journalists when the steady beep, beep filled the room. “Oh, that’s my ...

    By Julie Carrick Dalton • Aug. 1, 1998
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    Capital Venture

    Anthony Williams likes his similes and metaphors. The charismatic former CFO of Washington, D.C., turned mayoral candidate, compares his financial turnaround of the embattled capital to raising the Titanic. He likens his candidacy to a turboprop plane trying to get off the ground with little fuel...

    By CFO Editorial Staff • Aug. 1, 1998
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    Disney’s Insider

    The Walt Disney Co. looked no further than the Magic Kingdom for its new CFO. The entertainment giant named former SVP of strategic planning Thomas O. Staggs to the post. He succeeds Richard Nanula, who left to become president and CEO of Starwood Hotels & Resorts Worldwide Inc. (see “Grapevi...

    By CFO Editorial Staff • July 1, 1998
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    Coming Home

    Sending an employee to work overseas has always carried a big price tag. With tax equalization, housing allowance, cost-of- living adjustment, and other benefits, the typical expatriate compensation package is three to five times base salary at home. But that multiplier pales next to another, les...

    By Patricia M. Carey • June 1, 1998
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    Room for Two

    Room for TwoIn the megamerger of Citicorp and Travelers Group Inc., it looks like both CFOs will have a spot under the umbrella. Current Travelers CFO Heidi Miller claimed the CFO post of the combined Citigroup. She will report to Jamie Dimon, who was named president of Citigroup and co-head of t...

    By CFO Editorial Staff • June 1, 1998
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    Beyond Reach?

    Senior executives at Lear Corp. are worried– not about their company’s business, but about their retirement benefits.As a result of internal growth and acquisitions, Lear, a $7 billion (in revenues) maker of automobile interiors, in Southfield, Michigan, has four nonqualified retirement plans–def...

    By Gordon Williams • June 1, 1998
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    Sometimes a Great Notion

    For finance, the central theme of the 1990s has been transformation. Every change initiative from reengineering on has set as its ultimate goal the notion that finance staffers would become more valued and play a more strategic role in operations. But an increasing number of CFOs are realizing th...

    By Stephen Barr • May 1, 1998
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    Big Blue’s New Guru

    IBM Corp. was looking for a CFO for 10 months, until they remembered Douglas L. Maine. At press time, the former CFO of MCI Telecommunications was said to be in final negotiations with IBM to assume the high-profile CFO post. You may remember him from our cover story on telecom’s top CFOs (“Turf ...

    By CFO Editorial Staff • May 1, 1998
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    A Shield for the Workplace Wars

    Lawsuits by workers charging employers with discrimination and harassment have become a major bogeyman stalking Corporate America. And until recently, employment practices liability insurance (EPLI) offered companies little real protection. Premiums were high, capacities low, and the products in ...

    By John P. Mello Jr. • May 1, 1998
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    Nest Egg or Lemon?

    As benefits managers know, it’s not easy to keep a 401(k) plan in compliance with every one of the Internal Revenue Service’s rules. But that difficulty is compounded when mergers and acquisitions are involved. Dealing with an acquired company’s plan–preserving it, merging it with one’s own plan,...

    By Virginia Munger Kahn • April 1, 1998
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    Five More Years?

    Arthur Levitt, the dapper, 67-year-old chairman of the Securities and Exchange Commission, likes to present himself as the investor’s best friend. Then again, you’d expect as much of any SEC chairman. But Levitt’s fans contend that in this case, the self-characterization is right on the money.The...

    By Ronald Fink • April 1, 1998
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    Just Doing It

    It’s not easy to be CFO of a company dominated by the marketing department. Perhaps no one knows that better than Robert Falcone, former CFO of Nike. Falcone says he decided to resign after serving six years in the head finance job of the world’s largest athletic-wear company. Asked why he was le...

    By CFO Editorial Staff • March 1, 1998
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    Fall Guys

    It’s not easy being CFO of a managed-care company these days. Many health maintenance organizations (HMOs) are reporting lower than expected earnings and wrestling with merger difficulties and cost increases. In some cases, CFOs have been forced to resign or been outright fired. The most recent c...

    By CFO Editorial Staff • Feb. 1, 1998
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    Delta Postscript

    Delta Postscript.Our recent feature about the bad blood that existed between Delta Air Lines Inc. CEO Ronald W. Allen and CFO Thomas J. Roeck Jr. before Allen’s ouster (“In-Flight Infight,” December 1997) examined whether Roeck himself might be headed for the door. New CEOs often decide to clean ...

    By CFO Editorial Staff • Jan. 1, 1998
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    Power to the Providers

    For years now, physicians and hospitals have been talking about, and to some extent creating, their own organizations to do an end-run around health maintenance organizations (HMOs). These so-called physician hospital organizations (PHOs) have had some success, but they have failed to attract emp...

    By Joseph McCafferty • Jan. 1, 1998
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    Labor Pains

    Last August, 185,000 employees of United Parcel Service of America Inc., incensed by the expanding use of part-time, lower-paid workers at the company, walked out in one of the most publicized work stoppages in years. Although the strike settled within 15 days, UPS estimates it cost the company m...

    By John Goff • Jan. 1, 1998
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    Forum: Stop Subsidizing the FDIC

    Imagine this situation: Your company is mandated by the federal government to purchase $10 million of fire insurance. Only one company–owned and operated by the government– offers policies. It is pleased to sell you the insurance, with one catch: You must pay for $10 million worth of coverage, bu...

    By Thomas D. Logan • Dec. 1, 1997
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    Phony Fix for Retirement and Social Security

    You’d expect businesspeople, if not Alan Greenspan, to favor market-oriented solutions to social problems. So why do both the chairman of the Federal Reserve Board and the Committee for Economic Development (CED), a think tank closely aligned with such corporations as Merck & Co., Shell Oil C...

    By Michelle Celarier • Dec. 1, 1997
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    Incomplete Education

    Cheryl Francis found the fast track at FMC Corp. soon after getting her MBA in finance from the University of Chicago in 1978. She started in the strategy office, installing a new performance measurement system for making decisions about capital allocations. After a spell in investor relations, s...

    By Roy Harris and Stephen Barr • April 1, 1997