Human Capital: Page 23

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    Disruptive Change Spells Opportunity for Top CFOs

    While there is a convergence of uncertainty around the economy and corporate health, this time is also a great opportunity for CFOs to demonstrate how they stand out from their peers, according to Gartner.“There is disruptive change occurring at an unprecedented rate, but along with it there is o...

    By • Nov. 21, 2019
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    High Demand for CFOs Creates Career Opportunities

    Thinking about looking for a new job? It’s a good time to do it. Demand for CFO talent is at an all-time high, given the proliferation of entities backed by private equity and venture capital.But don’t get too enamored, too quickly with any particular opportunity that comes along. An executive jo...

    By • Nov. 19, 2019
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    Going from CFO to COO: What, why and how

    Here’s what I learned from making the jump from CFO to COO.

    By Jeremy Van Ek • Nov. 19, 2019
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    FedEx to Discontinue Pension Plan for New Hires

    FedEx will stop offering a guaranteed pension for new hires, replacing it with an expanded 401(k) it believes will make it more competitive in the recruitment marketplace.Under the new plan, which will be launched at the start of 2021, the shipping giant will contribute up to 8% of employee salar...

    By Matthew Heller • Nov. 19, 2019
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    10 Essential Ways to Strengthen Your Network

    Networking is a big mystery to most people. They feel awkward asking for help, and the idea of reaching out to someone has all the appeal of cold-calling to sell those handy slice-and-dice-it knives you see on late-night infomercials.But that’s not networking — and it raises a bigger point. Netwo...

    By Gary Burnison • Nov. 18, 2019
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    MedMen to Lay off 190 Workers in Profit Push

    Cannabis retailer MedMen Enterprises is laying off more than 190 employees as part of a restructuring plan aimed at achieving an operating profit by the end of 2020.The layoffs are expected to contribute about $10 million toward MedMen’s goal of reducing corporate overhead to $85 million by the e...

    By Matthew Heller • Nov. 18, 2019
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    Another Roadblock for Women: Performance Reviews

    “You’ll get farther by being more assertive.”“You had a good year.”“People like working with you.”Most everyone has seen those or other imprecise comments on performance reviews, but a new study finds that they’re especially prevalent in reviews of women. Indeed, experts say that this type of vag...

    By • Nov. 13, 2019
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    GM Workers Approve Contract After 40-Day Strike

    After the longest nationwide strike against General Motors in half a century, union members ratified a four-year contract that will increase the automaker’s labor costs by an estimated $100 million per year.The 40-day work stoppage ended with United Auto Workers members winning annual lump-sum bo...

    By Matthew Heller • Oct. 28, 2019
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    FedEx Marches to Its Own Beat on Pension De-risking

    Many big companies are looking to de-risk their pension plans by offering lump-sum payouts or cutting deals with insurance companies.Some, however, are taking a different route. FedEx, for example, recently announced plans to contribute $1 billion to its U.S. pension plans before the end of its f...

    By • Oct. 21, 2019
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    Goldman Workers Feel Pinch of Digital Shift

    As Goldman Sachs has shifted away from its legacy trading business toward a digital future, it is now paying its average employee half as much as it did 10 years ago.According to a CNBC analysis of Goldman data, the bank set aside 35% of its revenue for staff compensation and benefits so far this...

    By Matthew Heller • Oct. 17, 2019
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    Is ‘Radical Transparency’ the Way to Go?

    There is little doubt that “radical transparency” — the concept of literally complete openness within a business — can be an effective tool for companies. But there’s equally little doubt that it’s not right for every company.The concept originated years ago with Ray Dalio, founder of Bridgewater...

    By • Oct. 14, 2019
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    Red Hat Fires CFO Over Workplace Standards

    Red Hat CFO Eric Shander, who helped steer the open-source software company through its $34 billion acquisition by IBM, has been dismissed for violating workplace standards.Shander’s termination, which was reported Friday by the Raleigh (N.C.) News & Observer, came three months after Red Hat ...

    By Matthew Heller • Oct. 11, 2019
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    Target Names SVP Michael Fiddelke as CFO

    After a nine-month search, Target has named an insider, Michael Fiddelke, to succeed Cathy Smith as CFO.Fiddelke has more than 15 years of service at Target, most recently as senior vice president of operations, leading initiatives involving merchandising, supply chain, stores, and guest experien...

    By Matthew Heller • Oct. 10, 2019
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    GE Freezes Pensions to Reduce Deficit, Debt

    General Electric said Monday it will freeze pensions for about 20,000 salaried employees and take other pension-related steps as part of its restructuring plan to reduce debt.The measures are expected to reduce GE’s pension deficit by approximately $5 billion to $8 billion and industrial net debt...

    By Matthew Heller • Oct. 7, 2019
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    EBay CFO Schenkel Steps in After CEO Resigns

    EBay CFO Scott Schenkel is taking over as chief executive after Devin Wenig resigned, citing disagreement with the board over the direction of the online marketplace.Wenig’s departure comes nearly seven months after eBay’s board announced a strategic portfolio review, including its StubHub busine...

    By Matthew Heller • Sept. 25, 2019
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    Overstock Names New CEO, Acting Finance Chief

    Jonathan Johnson Overstock, the e-commerce giant that has been reeling from the abrupt departure of its controversial founder, on Monday made its interim CEO the permanent chief and named a new acting CFO.Jonathan Johnson had been serving as interim CEO since founder Patrick Byrne resigned from O...

    By Matthew Heller • Sept. 23, 2019
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    Beyond Discounts: A New Approach to Health Plan Financial Analysis

    Larger employers that self-fund their group medical plans have historically selected their health plan administrators based on the available provider network, the discounts applied to in-network services, and the competitiveness of the administrative fee.Access to in-network providers is evaluate...

    By • Sept. 20, 2019
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    GM Strike Ripples Out to Suppliers on Day 4

    The strike against General Motors entered its fourth day on Thursday amid signs that the dispute is affecting suppliers.The company and the United Auto Workers union met again to negotiate a new contract, with the strike by nearly 50,000 hourly workers having spread across 31 factories and 21 oth...

    By Matthew Heller • Sept. 19, 2019
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    Campbell Soup Hires Chobani’s CFO

    Mick Beekhuizen, who’s been CFO of Greek yogurt maker Chobani since early 2016, will jump to a different food business next month as the new finance chief at Campbell Soup, effective Sept. 30.Anthony DiSilvestro, a 23-year Campbell employee who’s been at the finance helm for five and a half years...

    By • Aug. 29, 2019
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    Are Companies Paying Too Much for New Talent?

    Workers generally expect a significant bump in pay when they voluntarily switch employers. Employers understand that. But do job candidates’ expectations regarding the size of the pay hike align with what companies are actually offering?No, according to recent research by Gartner. In fact, U.S. c...

    By • Aug. 27, 2019
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    CFO Job Openings Are About to Spike

    Are you ready to take the next step?According to a 2016 study by Spencer Stuart, the average retirement age for a Fortune 500 CFO was a shade over 58 at that time. My much more informal study of the most recent Fortune list pegs the current average age of those companies’ CFOs at approximately 56...

    By John Touey • Aug. 14, 2019
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    Best Delta 8 Gummies

    If you have ever used marijuana and liked it, chances are you have tried Delta gummy bear candies. These candy bars are made with Delta8 tetrahydrocannabinol, also known as Delta 8. They were originally designed to help people sleep better at night. Now, scientists have found that these candies m...

    By • Aug. 13, 2019
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    UPS Hires PepsiCo’s Brian Newman as CFO

    Brian Newman United Parcel Service has appointed PepsiCo executive Brian Newman as CFO in the latest hiring of an outsider at a pivotal time for the shipping giant.Newman, currently executive vice president of finance and operations for PepsiCo’s Latin America region, will step into his new role ...

    By Matthew Heller • Aug. 13, 2019
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    5 Key Principles of Business Ethics

    This may come as no surprise, but a new survey of corporate ethics and compliance managers indicates that companies are trying hard to get their employees to behave in an ethical manner.Change is happening quickly, it seems. In the survey, which polled 480 such managers, 55% of them said their or...

    By • Aug. 1, 2019
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    House to Vote for Repeal of ACA’s ‘Cadillac Tax’

    The House of Representatives is scheduled to vote late this afternoon on a repeal of the much-reviled “Cadillac tax” provision of the Affordable Care Act.The repeal is widely expected to pass with ease, reflecting broad bipartisan support for jettisoning the tax, a 40% excise tax on the value of ...

    By • July 17, 2019