Human Capital: Page

  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    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