Human Capital: Page 26

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    Tesla CAO Morton Quits After a Month on Job

    In another possible sign of disarray at Tesla, Chief Accounting Officer Dave Morton has resigned after less than a month on the job.Tesla said in a regulatory filing Friday that Morton notified them on Monday he was leaving the automaker. He had joined Tesla from hard drive maker Seagate Technolo...

    By Matthew Heller • Sept. 7, 2018
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    CFOs on the Move: Week Ending Sept. 7

    Citigroup announced that its finance chief, John Gerspach, plans to retire next March 1. Gerspach, who has headed finance since 2009, will be replaced by Mark Mason, finance chief of the company’s institutional clients group.Retirement fund CalPERS has appointed Michael Cohen to the top finance s...

    By Joan Urdang • Sept. 7, 2018
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    HPE Names Ex-Sprint Exec Robbiati as CFO

    Hewlett Packard Enterprise has named former Sprint CFO Tarek Robbiati as its new finance chief, citing his experience in “driving transformation and building and sustaining growth.”Robbiati left Sprint in February after a two-and-a-half year tenure during which, according to HPE, he “drove Sprint...

    By Matthew Heller • Aug. 29, 2018
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    With Stocks Up, Finance Chiefs Are On the Move

    An interesting fact about turnover in the C-suite is that it generally tracks the movements of the S&P 500 Index. That is, when stocks go up, the number of executives leaving or switching jobs does, too. And vice versa.Accordingly, given this year’s bountiful stock returns, the turnover rate ...

    By • Aug. 23, 2018
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    How to Avoid Making Costly Bad Hires

    The fact that a bad hire is a costly mistake isn’t news. It’s a well-known truth that hiring mistakes reverberate across the organization.Unfortunately, in the current full-employment U.S. economy, where there’s stiff competition for top candidates, many companies struggle to find talent and are ...

    By Brian Weed and Avenica • Aug. 22, 2018
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    Tight Labor Market Doesn’t Move Wage Needle

    The labor market is tight. U.S. companies are challenged more than ever to find, win, and retain talent. At the same time, a majority of U.S. companies have extra cash on hand, thanks to the Tax Cuts and Jobs Act.Despite all that, companies generally are planning to boost their compensation budge...

    By • Aug. 16, 2018
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    Beware of Health Care Consultants’ Partnerships

    Partnerships and preferred relationships are a critical piece of the business model in the group health care industry. The perception is that the relationships provide better value for clients.That may well be the case. It is the duty of consultants and insurance brokers to provide the options th...

    By Michael O'Grady • Aug. 14, 2018
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    What CFOs Should Know About Retirement Plan Audits

    When it comes to maintaining an effective 401(k) savings program for employees, systematic audits of the plan are essential.A common reason for an audit is to minimize the financial risk associated with annual tax-filing obligations. However, as certain issues, like financial wellness and cyberse...

    By Frank O'Neill • July 24, 2018
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    CFOs on the Move: Week Ending July 20

    Simon Property Group has promoted Brian McDade to the top finance spot, effective Oct. 1. He takes over from Andy Juster, who had formerly announced that he would retire at the end of the year. McDade is currently treasurer of the company.Steven Cochran has been chosen to lead the finance functio...

    By Joan Urdang • July 20, 2018
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    Finance Teams Must Adapt to Working With Machines

    Laurent Arveiller It’s been said that people are slow, sloppy, brilliant thinkers, while machines are fast, accurate, and stupid. But that’s not the case anymore – at least not for the machines. Machine learning, artificial intelligence, and blockchain have put some people at odds with the sweepi...

    By Laurent Arveiller • July 9, 2018
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    Labor Costs Will Skyrocket Over the Next Decade

    Organizations around the world could add more than $2.5 trillion to their annual labor costs within 12 years as a result of the global shortage of highly skilled workers, according to new research from Korn Ferry.The report follows up on the recruiting and workforce management firm’s forecast in ...

    By • July 6, 2018
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    Why Company Culture Is Overrated

    Given the time, energy, and money most American businesses spend to define their values and a desired culture, one would assume a big payoff. Yet there’s very little evidence that these investments yield much impact.Carl Robinson The organizations that can accurately cite culture as a driver of t...

    By Carl Robinson • July 3, 2018
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    Twitter Reorganizes, Names New Product Boss

    Twitter has named a new top product boss as part of a simplification of its management structure that organizes the company into functional groups.Ed Ho, the former vice president of both product and engineering, has been on leave from Twitter since May. Under the new structure, his job will be s...

    By Matthew Heller • June 29, 2018
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    How Employee Pay Programs Fall Short

    Employers’ base-pay programs tend to be too complex to effectively drive employee performance, new research suggests.Greater emphasis on incentive compensation could serve as a partial antidote. But, according to the research, the structure of pay-for-performance programs often leads to missed op...

    By • June 20, 2018
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    Mondelez Names New CFO to Replace Gladden

    Brian Gladden is stepping down as CFO of Mondelez International, the world’s second-largest confectionery company, and will be replaced by Luca Zaramella, a 20-year company veteran.Mondelez said Gladden, a former Dell executive, will leave the company in August to “pursue an opportunity outside o...

    By Matthew Heller • June 20, 2018
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    Backed by Finance Operations, Avnet Turns the Page

    Like its longtime rival Arrow Electronics, electronic components distributor Avnet is amidst a gritty transformation of its business, driven by fast-changing customer needs.Making the kind of move that’s clearly not for the faint-hearted, in February 2017 Avnet — 128th in the most recent Fortune ...

    By • June 19, 2018
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    Time Warner CFO Leaving in Post-Merger Reorg

    AT&T is moving quickly to reorder the executive ranks at Time Warner, with CFO Howard Averill among those leaving the company.John Martin, is also part of the departures that follow the long-delayed closing of AT&T’s $85.4 billion acquisition of Time Warner. Martin has led Time Warner’s T...

    By Matthew Heller • June 18, 2018
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    GM Names Dhivya Suryadevara as New CFO

    Another woman is moving into General Motors’ executive suite as the automaker on Wednesday named Dhivya Suryadevara as its new CFO, replacing Chuck Stevens, who is retiring.Suryadevara’s appointment puts GM in an elite group of companies that have a woman in both the CEO and CFO roles. Women have...

    By Matthew Heller • June 13, 2018
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    Want to Be a Nonprofit CFO? Much Will Be Familiar

    For corporate finance executives who want to de-stress their lives, moving into the nonprofit world is one obvious avenue. But some of the issues they would face there might remind them of their for-profit jobs.For one, their fellow C-suiters may not fully appreciate some of the challenges CFOs f...

    By • June 12, 2018
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    U.S. to No Longer Defend Key ACA Provisions

    The Trump administration may have thrown healthcare insurance markets into further turmoil by declaring it will not defend key provisions of the law against a legal challenge brought by Texas and other conservative states.The U.S. Supreme Court in 2012 found the Affordable Care Act’s individual m...

    By Matthew Heller • June 11, 2018
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    CFOs on the Move: Week Ending June 8

    Ellie Mae announced that Matthew LaVay, who holds the top finance spot, is leaving the firm effective June 15. While the company looks for his replacement, corporate controller Popi Heron will become interim CFO.Marshall Croom plans to retire as head of the finance function at home-improvement fi...

    By Joan Urdang • June 8, 2018
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    Athenahealth CEO Resigns Amid Strategic Review

    Athenahealth shares jumped on Wednesday after the healthcare technology company announced it was evaluating strategic options including a sale and that CEO and co-founder Jonathan Bush had resigned.Bush’s departure comes amid pressure from hedge fund Elliott Management, which last month made a ho...

    By Matthew Heller • June 6, 2018
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    United Airlines CFO Quits After 2 Years on Job

    United Airlines CFO Andrew Levy has resigned after less than two years on the job, catching Wall Street by surprise and prompting speculation of “serious conflict” in the airline’s top management.In a statement published on his LinkedIn page, Levy said United had faced “several challenges” since ...

    By Matthew Heller • May 18, 2018
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    Think There’s a Talent Shortage Now? Just Wait

    Businesses generally spend little time worrying about what might happen 10 or more years ahead. But if “what might happen” is a talent shortage so massive as to cause a wholesale, global reinvention of work norms and redistribution of labor, perhaps companies could muster up a smidgeon of concern...

    By • May 7, 2018
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    Caterpillar Taps Andrew Bonfield as New CFO

    After an extensive search, Caterpillar said Friday it had chosen Andrew Bonfield of Britain’s National Grid to replace Brad Halvorson as chief financial officer.The announcement of Bonfield’s hiring came on the day Halvorson retired after more than three decades with Caterpillar. He recently help...

    By Matthew Heller • May 4, 2018