Human Capital: Page 24
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Bricker to Step Down as SEC Chief Accountant
Wesley Bricker is stepping down as chief accountant of the U.S. Securities and Exchange Commission after three years in the position.The SEC said Bricker will leave the agency in June and, on his departure, deputy chief accountant Sagar Teotia will serve as acting chief accountant.“Wes is both th...
By Matthew Heller • May 31, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Automate Leadership, Not Leaders
Artificial intelligence: friend or foe? It depends on who you ask, really. While some people can’t wait to see what a technology-driven future will look like, others imagine there is no future — at least one with humans in it.We fear what we don’t understand. Whether cultivated by our uncertainty...
By David McCann • May 30, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Do Clawbacks Cause as Many Problems as They Prevent?
Which is the better way to spur achievement: by rewarding employees for attaining goals, or by penalizing them for failing to do so?While the question has remained a perennial matter of debate, a new scholarly paper observes that “given the financial scandals and crises in recent years, bonus con...
By David McCann • May 28, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Health Care CFOs Broaden Their World View
No one expects the CFO of a health care organization to perform surgery. At the same time, finance chiefs in the field are becoming more engaged in conversations around patient outcomes and society’s broad health care challenges, according to a new Accenture report.In fact, there could be a link ...
By David McCann • May 24, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Is Stop-Loss Insurance Losing Some of Its Value?
There’s an old proverb: “Trees don’t grow to the sky.” That is, even though something may appear to have no barrier to growth, there is still a natural limit.When it comes to medical claims, even after the Affordable Care Act removed caps on health benefit payments, most employers felt there woul...
By David McCann • May 10, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Few Companies Have an Adequate CFO Succession Plan
Let’s just say this is not the pinnacle of risk management: according to a new study, 80% of CFOs said there was no ready-now successor for their role at their companies.And only 38% of finance chiefs said there was any comprehensive succession plan for replacing them, should the need arise.But C...
By David McCann • May 6, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Biotech Firms Need a Plan B for Hiring CFOs
An explosion in the number of publicly traded biotech companies, combined with their strong preference for hiring from within the life sciences industry, has put intense pressure on the biotech CFO market, says recruiting firm Russell Reynolds Associates.Indeed, it seems as if biotechs looking to...
By David McCann • April 26, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Kraft Heinz Names Marketing Expert as CEO
Kraft Heinz signaled a shift in its turnaround strategy by naming a global brand marketing expert to replace Bernardo Hees as chief executive.Miguel Patricio is a consumer packaged-foods veteran who worked for two decades at beer giant Anheuser-Busch InBev, including as chief marketing officer fr...
By Matthew Heller • April 22, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Do Companies Get Their Money’s Worth from ‘Wellness’?
The seemingly unending debate about the worth of employer-sponsored wellness and well-being programs didn’t get any closer to a resolution as a result of two new studies released this week.A survey of 164 large companies by the National Business Group on Health (NBGH) and Fidelity Investments rev...
By David McCann • April 19, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending April 19
Steve Voskuil The Hershey Co has appointed Steve Voskuil to head finance, effective May 13. He replaces Patricia Little, who previously announced her retirement. Voskuil has led the finance function at Avanos Medical since 2014.Jennifer Piepszak has been promoted to finance chief at JPMorgan Chas...
By Joan Urdang • April 19, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How to Predict Which Employees Will Leave
Almost 3.5 million U.S. workers quit their jobs in January, the highest monthly total ever, according to Bureau of Labor Statistics data. With the economy essentially at full employment, retaining good employees is as crucial as finding new ones.It’s not an issue only for human resources managers...
By David McCann • April 17, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Cable CFO Faces Complexity in All Directions
It’s an interesting time to be the CFO of a telephone and cable services company. The field features fast-changing preferences for accessing and consuming data and content, which in large part is driven by the industry’s equally dynamic technology developments.Other challenges are not so new: the...
By David McCann • April 8, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Trump Taps Former Pizza Exec Cain for Fed Seat
President Donald Trump said he is recommending Herman Cain to the Federal Reserve Board, raising fears that the White House is seeking to reshape the central bank with political loyalists.Trump’s selection of Cain, a former pizza executive who ran for the 2012 Republican presidential nomination, ...
By Matthew Heller • April 5, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
No Matter How Bright the Star, One Isn’t Enough
If recent National Basketball Association playoff finals have shown us anything, it’s that two — or even three — star players are better than one, even if that one is LeBron James. The greatest player of all time may be able to get you to Game 7, but if he’s outnumbered he probably won’t be able ...
By John Touey • April 5, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Hard Evidence the CFO Role Is Getting Tougher?
Most CFOs likely would agree that the job has only gotten tougher in recent years. While that’s a subjective viewpoint, a new analysis may offer some objective evidence for the statement.Using publicly available information, KPMG studied the backgrounds and experience of the CFOs at 100 technolog...
By David McCann • April 1, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending March 15
Zachary Kirkhorn has been appointed to lead the finance function at Tesla. Kirkhorn, who takes over from Deepak Ahuja, joined the company in 2010 and had been vice president of finance, financial planning, and business operations since December.Kathleen Winters has been named to fill the top fina...
By Joan Urdang • March 15, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
4th Quarter Dealt a Heavy Blow To Pension Plans
It was looking like a banner year for large pension plan sponsors through most of 2018. But it was not to be.For the companies that sponsor the 20 largest U.S. pensions plans, the aggregate funded ratio — the actuarial value of current assets divided by the actuarial value of future liabilities —...
By David McCann • March 12, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Are We Long — Or Short — On Talent?
CEOs and HR leaders [and CFOs] worried about the viability of their talent strategy may be excused an occasional sleepless night. After all, there’s a closetful of bogeymen to pick from as disruptive technologies such as digitization, automation, and artificial intelligence combine with demograph...
By Vincent Ryan • March 6, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Legal Training Makes a Difference for Health-care CFO
Almost anyone could get a career boost, as well as benefit their employer, through continuing education. It holds true even for top executives.But “continuing education” can mean anything from an online personal enrichment course to rigorous multi-year training programs. While most executives cou...
By David McCann • March 5, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
SurveyMonkey CFO to Retire After 10 Years
SurveyMonkey announced the retirement of CFO Tim Maly on Wednesday as it reported better-than-expected quarterly sales.Maly guided SurveyMonkey, which provides digital survey tools and data analytics to business customers and individual users, through its initial public offering in September. The...
By Matthew Heller • Feb. 14, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Trump Taps Treasury Official as World Bank Head
President Donald Trump has named David Malpass, a Treasury official who has been critical of the World Bank’s lending policies, as the U.S. candidate to lead the bank.The World Bank is accepting names until March 14 and plans to create a shortlist of up to three candidates for interviews. An Amer...
By Matthew Heller • Feb. 7, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Former AIG Finance Chief Joins Health Insurance Start-up
Is this a big step down, or an exciting new opportunity? Sid Sankaran, who in December was replaced as CFO of insurance giant American International Group, has signed on to run finance at the much smaller Oscar Health, the company announced on Wednesday. Sankaran is slated to start his new job on...
By David McCann • Feb. 7, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Female Pay Discount Doesn’t Go to the Very Top
Gender-based disparity in compensation tends to be present even in the top executive ranks — but in some surprising ways.Among smaller S&P 1500 companies, male and female CFOs earn about the same pay (including base salary, annual incentive target, and long-term-incentive grant values), accor...
By David McCann • Jan. 30, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
PBGC to Oversee Sears Pension Plans
This story was corrected to fix a mistake in the stated dollar size of Sears’ pension plan assets.The federal pension insurance fund is preparing to assume responsibility for Sears’ two pension plans in the wake of the retailer’s bankruptcy.The Pension Benefit Guaranty Corp. said it was stepping ...
By Matthew Heller • Jan. 22, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Jan. 4
Spencer Neumann was appointed to the top finance spot at Netflix. He replaces David Wells, who headed finance since 2010. Neumann led the finance function at Activision Blizzard since 2017 before being terminated by the company. Dennis Durkin, who had been CFO at Activision from 2012 until 2017 b...
By Joan Urdang • Jan. 4, 2019
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