Human Capital: Page 22
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Companies Help Hourly Workers Get Through COVID-19
It’s the kind of feel-good story that is now emerging fairly often in the time of COVID-19: A large majority of companies are lending a helping hand to their hourly employees.In a Gartner survey of 200 CFOs conducted on March 17, 81% of the respondents said they intend to offer benefits to their ...
By David McCann • March 24, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Crisis Management: The Overlooked Leadership Skill
No one thinks much about a certain leadership quality — until the you-know-what hits the fan.The quality I’m referring to is crisis management.Thankfully, true crises are relatively rare occurrences. They are the black swans of leadership.We’ve done nearly 70 million assessments of executives, so...
By David McCann • March 17, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Wells Fargo Cancels Ex-CEO’s $15M Stock Award
Former Wells Fargo CEO Tim Sloan has lost a $15 million stock bonus he received while he was attempting to restore the bank’s fortunes in the wake of its fake-accounts scandal.Wells Fargo disclosed Monday in a regulatory filing that it had clawed back the February 2019 award, saying it was condit...
By Matthew Heller • March 17, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Coronavirus Relief Bill Faces Holdup in Senate
A bill to ease the financial burden from the coronavirus has passed the House but may face opposition from senators concerned about its paid sick leave provisions.The Families First Coronavirus Response Act — which passed the House on a 363-40-1 vote on Saturday — had yet to be delivered to the S...
By Matthew Heller • March 16, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Toyota Taps Younger Generation With New CFO
Kenta Kon Toyota Motor Corp. has named Kenta Kon as its next CFO as part of a management reorganization aimed at making the company more nimble amid sweeping changes in the auto industry.Kon, 51, will add the CFO duties to his existing portfolio as chief officer of Toyota’s accounting group. He w...
By Matthew Heller • March 4, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Silicon Valley CFOs Decry Some Local Issues
The exorbitant costs and long commuting times that prevail in the San Francisco Bay area are plaguing operations for Silicon Valley companies, according to local finance chiefs.Morning traffic on Highway 101 in Silicon Valley Among 144 CFOs polled by the San Jose chapter of Financial Executives I...
By David McCann • March 3, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
U.S. Supreme Court Sides With ERISA Plaintiff
The U.S. Supreme Court rejected a timeliness challenge to an ERISA class action against Intel, potentially making it easier for retirement plan beneficiaries to sue administrators for investing plan funds imprudently.The plaintiff in the case, former Intel engineer Christopher Sulyma, alleged Int...
By Matthew Heller • Feb. 27, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Why Are More U.S. CEOs from South Asia than East Asia?
In just the past three months, executives with Indian heritages have been announced as the new CEOs of Alphabet, IBM, and WeWork.The appointments were notable because Asians have historically been underrepresented in leadership positions in the United States, despite being on average better-educa...
By David McCann • Feb. 21, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Political Fires Are Distracting Many U.S. Workers: Gartner
America’s polarized political climate appears to be significantly affecting employee productivity, according to research by Gartner.Among 500 employees nationwide surveyed in February, 47% reported that debate surrounding the 2020 elections is impacting their ability to get work done.A third (33%...
By David McCann • Feb. 19, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Want to Be a CFO? Consider Some Numeric Body Art
There are all kinds of ways to get on an upwardly mobile track that may culminate in a CFO appointment.Even getting a tattoo.Just ask Dave Raszeja. He’s got one on his right arm that sports the first 100 digits of pi.Dave Raszeja “Getting the pi tattoo was probably one of my better career moves,”...
By David McCann • Feb. 13, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Northrop Names Former CSRA Exec as CFO
David Keffer Northrop Grumman has named veteran finance executive David Keffer as its new CFO, replacing Kenneth Bedingfield.Keffer has most recently been a general partner at investment firm Blue Delta Capital Partners after previously serving as CFO at CSRA and its predecessor company SRA Inter...
By Matthew Heller • Feb. 6, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Have Virtual Workers? Here’s What to Tell Them
You see them in coffee shops, restaurants, and bookstores — anyplace with Wi-Fi, power outlets, and a decent chair. Two percent battery life is the kiss of death, second only to loud noises, which send them scurrying like Dracula from light, clutching their laptops and pressing their smartphones ...
By David McCann • Feb. 5, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Plastics Maker’s CFO Balances Cyclicality vs. R&D Imperative
Think fast: What’s the difference between cyclicality and circularity?Both are key concepts in the business of Covestro, the big German chemical company and plastics maker that spun off from Bayer in 2015.Many industries are subject to cyclical business patterns, of course. For Covestro and its c...
By David McCann • Jan. 24, 2020 -
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5 Categories of Finance Competencies for 2020
The skills gaps that corporate finance leaders have been grappling with for some time will stand out even more in 2020 and beyond, according to Gartner.Based on a survey of more than 1,000 finance employees, Gartner has placed finance competencies into five categories, each one most ably performe...
By David McCann • Jan. 16, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
To Make More Money, Find a New Job
With a tight supply-and-demand situation favoring executives inclined to switch jobs, the average compensation increase for those who did so in 2019 shot up by 28% from the prior year, according to new research.In 2018, the average pay hike for job-switching C-suite and VP-level executives was 11...
By David McCann • Jan. 14, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Was GE’s New CFO a Risky Choice?
Every executive hire carries some degree of risk. But General Electric, with its recent hiring of Carolina Dybeck Happe as its new CFO, may have taken on more risk than necessary, a new report suggests.Carolina Dybeck Happe “We think GE’s new CFO choice may add doubts about GE’s ability to post s...
By David McCann • Jan. 10, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Pension Plans’ Struggles Continue Despite Big Investment Gains
Large companies operating pension funds enjoyed eye-popping investment returns in 2019, averaging almost 20%. Unfortunately, lower interest rates resulted in a large increase in future plan obligations that negated most of the investment gains.According to a Willis Towers Watson study of defined ...
By David McCann • Jan. 7, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CA’s Gig Law Sparks New Need for Business Agility
January 1 was more than just the beginning of a new year and decade. It also signaled the opening salvo in what could be a long and protracted battle over new state laws regulating America’s growing “gig” economy.Part of what the World Economic Forum calls the “Fourth Industrial Revolution” — whe...
By David McCann • Jan. 3, 2020 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Dec. 27
Securities litigation firm Block & Leviton announced on Tuesday that it had filed a class-action lawsuit against Mattel and its CFO, Joseph Euteneur. The suit claims that the defendants misled investors regarding the toy company’s financial accounting in the last two quarters of 2017, as well...
By David McCann • Dec. 27, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How CFOs Can Help Control Health Care Costs
A slowdown in companies’ annual exercise of raising employees’ health care costs was a key discussion point during a session at CFO Live, a recent CFO-hosted conference in New York.Although companies’ own costs continue to rise, the burden on workers has reached a point where health benefits are ...
By David McCann • Dec. 18, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Threat of Health Care ‘Cadillac Tax’ Set to Vanish
Years of lobbying and other efforts by companies and other health care payers, aimed at repealing the Affordable Care Act’s excise tax on high-value health plans, appear to have finally achieved their mission.Leaders of both houses of Congress, who worked with the White House to finalize the fisc...
By David McCann • Dec. 17, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
For Many CFOs, Pension Plans Are Millstones Around the Neck
This is the first of two articles on pension risk transfer.Defined benefit plans were originally instituted to reward Revolutionary War veterans for their service. Since then, they have come to represent a system belonging to a bygone era of graduation-to-retirement jobs held by lifetime employee...
By David McCann • Dec. 13, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CEO Pay Is Higher When the CFO Is Newly Hired
The job of chief executive officer pays well — and even better when an incumbent CEO is working with a newly hired CFO.Researchers at Duke University’s Fuqua School of Business studied more than 23 years of data from S&P 1500 firms. They found that CEOs took home an average of 10% more compen...
By David McCann • Dec. 9, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
4 Ways for Finance to Partner With the Business
Jason Lin, CFO, Centage When Jason Lin had his first staff meeting after joining software company Centage as its CFO last May, he presented four bullet points. They represented the key tenets of his vision for how finance and accounting teams should position themselves as partners to the business...
By David McCann • Dec. 4, 2019 -
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Will Automation Cause Finance Job Losses After All?
Ask most any automation expert or CFO who’s implementing automation that you like, and you’ll get the same story: no, automation isn’t going to take finance jobs away. Instead, finance workers will have time freed up for higher-level, strategic, value-add work.But does that actually pass the smel...
By David McCann • Nov. 22, 2019
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