Human Capital: Page 25
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Finance Function 2019: Fewer Functionaries, More Strategists
If one wished to forecast how the corporate finance function will evolve in 2019, what might that look like? Here is our view.At most companies today, finance operates in a typical pyramidal hierarchy, with a thin layer of leadership at the top, a middle-management layer, and at the bottom a “fin...
By CEO, Metapraxis, and Simon Bittlestone • Jan. 2, 2019 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Human Capital Reporting Standards Finally Arrive
[This article has been revised from its original version to remove an unintentional conflation of ESG initiatives put forward by two separate organizations, the Sustainability Accounting Standards Board and the Global Reporting Initiative.]A lengthy global effort to create standards for reporting...
By David McCann • Dec. 18, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
5 Health Care Trends for CFOs to Watch in 2019
As dynamic changes continue to ripple through the health care marketplace, senior finance executives will want to keep an eye on the several emerging trends relevant to planning their health care strategies for 2020 and future years.They won’t just want to monitor how the changes in health care w...
By Brian Marcotte and National Business Group on Health • Dec. 14, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The New CFO Mandate: Prioritize, Transform, Repeat
If you wanted to validate the old adage that the only constant in life is change, results of the latest McKinsey Global Survey suggest you need not look any further than the CFO role.In the two years since our previous survey on the topic, CFOs say the number of functions reporting to them has ri...
By Priyanka Prakash, and Ishaan Seth, McKinsey & Co., Kapil Chandra, and Ankur Agrawal • Dec. 13, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Pace of CEO Departures Spikes in 2018
A boiling cocktail of business turmoil and uncertainty has contributed to more U.S. CEOs leaving their posts in 2018 than in any year since 2008, when the Great Recession dawned.And by year-end, the number of such departures is virtually certain to surpass the 1,361 chief executives who left thei...
By David McCann • Dec. 12, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Arrest of Huawei CFO Fans US-China Tensions
The CFO of Chinese telecom giant Huawei has been arrested in Canada at the request of the United States, fanning fears of a further escalation in tensions between the Trump administration and Beijing.The arrest of Meng Wanzhou, the daughter of Huawei founder Ren Zhengfei, in Vancouver has drawn p...
By Matthew Heller • Dec. 6, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Breaking Bad
Not every day does the CEO of a large public company contentedly smoke marijuana on a podcast (which was also recorded on video), shortly after tweeting he has secured funding to take the business private, blindsiding the board of directors. But this is Elon Musk after all, the Johnny Depp of CEO...
By Russ Banham • Dec. 3, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
FLIR CFO Makes a Difference with a Lean Approach
When James Cannon joined FLIR Systems as its chief executive in June 2017, he immediately stated that making the company more diverse was a key goal. Five months later, he hired Carol Lowe to be FLIR’s new CFO.Lowe herself embraces diversity and believes becoming a high-ranking woman in a male-do...
By David McCann • Nov. 28, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Finance Chiefs Must Lead Organizational Innovation
When The Depository Trust & Clearing Corp. (DTCC) began a few years ago to explore using blockchain technology to transform how we serve the global financial markets, I initially focused on cost, benefits, and value creation. As the company’s CFO, that was my job.But over time, I recognized t...
By The Depository Trust & Clearing Corp., Susan Cosgrove, and CFO • Nov. 26, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
J.Crew CEO Exits After 16 Months on Job
J.Crew CEO James Brett stepped into a fashion legend’s shoes 16 months ago. Now he is stepping down after apparently clashing with his predecessor over his ambitious plan to turn around the ailing retailer.The Wall Street Journal, citing people familiar with the matter, said Brett had clashed wit...
By Matthew Heller • Nov. 19, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
PBGC Deficit Shrinks by One-Third to $51.4B
The overall financial health of the Pension Benefit Guaranty Corp. improved in fiscal 2018 but its multiemployer program continues to head toward insolvency, likely by the end of 2025.In its annual report, the PBGC said its overall deficit narrowed to $51.4 billion as of Sept. 30 from $76 billion...
By Matthew Heller • Nov. 19, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
For Manufacturers, Skills Gap Keeps Widening
The generally buzzing economy is great for most companies. But it contributes to a thorny issue for manufacturers: the specter of having to turn down business because there aren’t enough job candidates with the right skills.Of course, job shortages are not new to that industry, especially in rece...
By David McCann • Nov. 16, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Controllers: Focus on Culture and Diversity Is Essential
NEW YORK — Controllers from four power-hitting companies sat on a stage on Tuesday afternoon, speaking to a crowd of several hundred peers.What did they talk about — implementing the new revenue recognition and lease accounting standards? How their companies are balancing the presentation of GAAP...
By David McCann • Nov. 14, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Labor Shortage Hits Foxconn’s U.S. Plant Project
The tight U.S. labor market may be complicating Taiwanese electronics giant Foxconn’s much-heralded plan to build a factory in Wisconsin.According to The Wall Street Journal, Foxconn has been looking to transfer some of its Chinese workforce to staff the plant due to a shortage of qualified local...
By Matthew Heller • Nov. 7, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Sudden Hike in Wages Is Biggest in a Decade
Faced with historically low unemployment that has worsened the long-entrenched shortage of skilled workers, companies are ramping up employee compensation to a degree not seen in a decade, new data indicates.On Wednesday the Bureau of Labor Statistics revealed that wages and salaries rose 3.1% fo...
By David McCann • Nov. 1, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Most Companies Don’t Manage Health-Care Waste
Most employers believe there’s significant waste in the health-care system. They’re quite concerned about it — but apparently not concerned enough to do much about it.Among 126 employers who participated in a recent survey, almost four in five (78%) estimated that at least 10% of medical treatmen...
By David McCann • Oct. 25, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Coke CFO Waller Ending ‘Remarkable’ Career
Coca-Cola has announced that Kathy Waller is stepping down after four years as CFO and will be replaced by a “rising star” at the soft drinks giant, Asia Pacific Group chief John Murphy.Waller, who will retire in March 2019, joined Coca-Cola as a senior accountant in 1987. She told The Wall Stree...
By Matthew Heller • Oct. 19, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Fresh Evidence of Gender Bias in Pay Practices
A massive six-year study by the ADP Research Institute confirms that women, on average, are paid substantially less than men.The research tracked the compensation of approximately 11,000 people who were hired into exempt salaried positions during the third quarter of 2010 and continuously worked ...
By David McCann • Oct. 16, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Performance-based Pay Enriched CFOs in 2017
Top executives of large, publicly held companies rode strong performance metrics to big pay hikes in 2017, according to just-released data from Compensation Advisory Partners.Median total direct compensation — the sum of salary, actual bonus, and long-term incentives (LTI), as reported in 2018 pr...
By David McCann • Oct. 3, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
GE Ousts CEO Flannery as Slump Continues
General Electric on Monday removed John Flannery as CEO after only a year on the job, apparently reflecting the board’s loss of confidence in his ability to dig the troubled conglomerate out of a severe slump.Flannery announced a plan to transform GE in November 2017 shortly after replacing Jeff ...
By Matthew Heller • Oct. 1, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
SEC Sues Elon Musk Over Tesla Buyout Claims
In what could be the biggest threat to Elon Musk’s leadership of Tesla, the U.S. Securities and Exchange Commission has accused the controversial executive of misleading investors with his tweets suggesting he had lined up a deal to take the automaker private.While Musk tweeted on Aug. 7 that a d...
By Matthew Heller • Sept. 28, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
New CFO Works Overtime to Learn His New Industry
Like numerous General Electric finance executives before him, Jamey Mock recently left to become the CFO of a publicly held company. He’d spent his entire 19-year professional career at GE.He has been running finance since May 1 of this year at PerkinElmer, a Fortune 1000 life-sciences company. I...
By David McCann • Sept. 24, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Sept. 21
Darren Wells has been chosen to fill the top finance spot at The Goodyear Tire & Rubber Co. He replaces Laura Thompson, who announced in June that she would retire. Wells initially joined the company in 2002 as treasurer, and was CFO from 2008 until 2013. He then was president of the firm’s E...
By Joan Urdang • Sept. 21, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
WeWork Agrees to Scrap Non-Compete Clauses
WeWork has reached a landmark settlement with New York and Illinois that frees more than 1,400 employees from non-compete clauses in their employment contracts and loosens restrictions on another 1,800.The settlement resolves investigations by the states’ attorney generals that found WeWork had b...
By Matthew Heller • Sept. 19, 2018 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Scherr Named Goldman CFO in Big Reshuffle
Goldman Sachs veteran Stephen Scherr has been named the bank’s new CFO, adding his investment banking experience to the management team of incoming Chief Executive David Solomon.Scherr will take over from R. Martin Chavez on Nov. 5 after serving most recently as CEO of Goldman Sachs Bank USA and ...
By Matthew Heller • Sept. 14, 2018
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