Human Capital: Page 28
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Dec. 29
Finance chief Peter Federico has been promoted to president and chief operating officer at MTGE Investment, effective March 31. At that time, chief accounting officer Donald Holley will become head of finance. Holley started at the firm as controller in 2011 and took over his current post in 2016...
By Joan Urdang • Dec. 29, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Big Company Aims for Operational Discipline
TE Connectivity is, in one sense, a very mature entity, with roots going back to the 1940s. The $14 billion enterprise has been a stand-alone public company since 2007, when former parent Tyco International spun off two of its big divisions.Heath Mitts In another sense, the company is as modern a...
By David McCann • Dec. 27, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
SEC Gets Back to Full Five-Member Strength
The U.S. Senate has confirmed two nominees to the Securities and Exchange Commission, giving the regulator a full complement of commissioners for the first time since 2015.Democratic appointee Robert Jackson and Republican appointee Hester Peirce were confirmed on Thursday during an executive ses...
By Matthew Heller • Dec. 22, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
GOP Tax Bill Spurs Corporate Bonus-Giving
A number of companies including Comcast-NBC Universal, AT&T, and Fifth Third Bancorp have announced they will pay employees a bonus after the Republican tax bill becomes law.Once President Donald Trump signs the Tax Cuts and Jobs Act, which has passed both houses of Congress, it will reduce t...
By Matthew Heller • Dec. 21, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
GE Slims Down Further With Power Layoffs
The streamlining of General Electric continued Thursday as the conglomerate announced it will cut 12,000 jobs at its power unit to help save $1 billion.The layoffs will cut nearly one in five positions at GE Power, which has been hit by overcapacity, the growth of renewables, and the “softening” ...
By Matthew Heller • Dec. 7, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Dec. 1
Marc Levine will join athenahealth as executive vice president on Dec. 15 and will become CFO and treasurer on Jan. 2. As CFO he will replace John Kane, who has been serving as interim CFO following the departure of Karl Stubelis. Stubelis himself had a fairly short tenure; he served for only abo...
By Joan Urdang • Dec. 1, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Who Qualifies to Be CFO of a Tech Firm?
Many finance chiefs can ably switch industries, such as jumping from manufacturing to retail. It seems, though, that finance executives who grew up in the technology field tend to stay in it, right up through the CFO level.CFOs Tony Callini and Kim Drapkin Of course, “technology” is not a single ...
By David McCann • Nov. 28, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Tech CFOs Grow Desperate for Talent
At the recent MIT Sloan CFO Summit near Boston, what was ostensibly a session about building deal teams in advance of tech-sector M&A transactions veered into a gripe-fest about the severe shortage of high-quality professionals of many different types.John Kinzer Given the extreme and acceler...
By David McCann • Nov. 22, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Nov. 23
Investment bank and asset-management company Piper Jaffray has promoted Tim Carter to the top finance spot, effective Jan. 1. He will take over from Deb Schoneman, who will become global head of equities. Carter is currently treasurer and senior vice president of finance.Jeffrey Capello Jeffrey C...
By Joan Urdang • Nov. 22, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How to Lead in a Crisis
For the most part, there are two kinds of CFOs: those who have managed through a crisis, and those who will. And whether a finance leader can successfully overcome a crisis may dictate the future of his or her company or career.Tom Kolditz Tom KolditzThe topic was the focus of the keynote address...
By David McCann • Nov. 20, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Nov. 17
Footwear company Skechers USA has hired a former Walt Disney executive as its CFO. John Vandermore takes over the role from David Weinberg, who had been filling both the top finance role and the chief operating officer post. Weinberg had been the company’s CFO since 1993. Vandermore, in addition ...
By David McCann • Nov. 17, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Siemens Job Cuts Target Gas Turbine Business
German manufacturing giant Siemens announced plans Thursday to lay off close to 2% of its global workforce as it adjusts to the rapid growth of renewables that has hit its gas turbine business.Most of the 6,900 jobs to be cut, about 6,100, will be made before 2020 at Siemens’ Power and Gas divisi...
By Matthew Heller • Nov. 16, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
J&J, Aetna CEOs Hit Fee-for-Service System
Running counter to the Trump administration, which is moving to stall changes to the fee-for-service system for paying doctors, the chief executives of two of the world’s largest health-care companies say they favor health-care providers being paid according to medical outcomes rather than on a p...
By David Katz • Nov. 14, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Nov. 10
Tyson Foods has named Stewart Glendinning to lead the finance function. He starts his new post on Feb. 10, but will join the firm on Dec. 11 to ensure a smooth transition. Current finance chief Dennis Leatherby will remain at the firm until April. Previously, Glendinning worked at Molson Coors Br...
By Joan Urdang • Nov. 10, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Nov. 3
Nick Thole has been promoted to the top finance spot at Amway. Thole, who joined the firm in 2008 as manager of mergers and acquisitions, most recently headed finance for the firm’s Europe, India, and Africa region.Katherine Bacher Health Quest Systems has selected Katherine Bacher to lead the fi...
By Joan Urdang • Nov. 3, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Samsung Names CFO Lee as New Chairman
Samsung Electronics has named CFO Lee Sang-hoon as its new chairman in a major management reshuffle that comes three weeks after its former chief executive warned of an “unprecedented crisis” at South Korea’s biggest company.Lee will fill the board position of the former CEO, Kwon Oh-hyun, who ab...
By Matthew Heller • Nov. 1, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Harry Potter Publisher Fires CFO After 11 Years
In an unusually terse and forthright press release announcing the firing of a CFO, Scholastic, the publisher of the Harry Potter series and The Hunger Games, today reported the “termination of Maureen O’Connell’s employment as Chief Financial Officer and Chief Administrative Officer.”Most often, ...
By David Katz • Oct. 30, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
A CFO’s Case For Investing Big in Employee Development
Every company says it: Our people are our company, so we invest deeply in them.But the truth CFOs face when they start to make the case for investing in employee development is that the headwinds are stiff. Professional development is expensive. It arguably takes people away from their core respo...
By Kevin Ingram • Oct. 24, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How to Protect Unvested Pay Upon Termination
Like other top executives, many CFOs have employment agreements that provide for severance and/or notice pay if they are terminated without cause or if they leave with good reason. But such agreements and related deferred or equity plans do not necessarily protect unvested deferred or equity comp...
By Nancy Shilepsky and Brian MacDonough • Oct. 23, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Trump Names Antitrust Lawyer to Head FTC
President Donald Trump is filling the three vacancies on the Federal Trade Commission, with veteran antitrust lawyer Joseph Simons to be nominated as chairman.The FTC currently has only two members — Maureen Ohlhausen, a Republican who has been serving as acting chairman since Trump took office i...
By Matthew Heller • Oct. 19, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How Might Trump Health-Care Order Affect Group Plans?
While opinions differ on whether the executive order on health care that President Donald Trump signed on Thursday might affect pricing for group health plans, there’s a possibility that it could lead to some companies eliminating such plans for some or all employees.One aspect of the executive o...
By David McCann • Oct. 13, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
‘Nudge’ Theorist Wins Nobel Economics Prize
U.S. economist Richard Thaler, whose pioneering work has integrated economics with psychology and who popularized the concept of “behavioral economics” in the best-selling book “Nudge,” has been awarded the Nobel Prize for economics.According to the Nobel committee, the University of Chicago prof...
By Matthew Heller • Oct. 9, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Bornstein Leaving After 28 Years at GE
As CFO, Jeff Bornstein has been instrumental in General Electric’s effort to focus on its industrial core and software. But he won’t be around to assist new CEO John Flannery in that endeavor.GE announced Friday that Bornstein is leaving the conglomerate after 28 years of service and will be repl...
By Matthew Heller • Oct. 9, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Mattel Names Telecom Veteran as New CFO
Toymaker Mattel has appointed Joseph Euteneuer, an executive with extensive experience in telecommunications, to replace Kevin Farr as CFO.Farr left Mattel last week after serving 17 years as finance chief. Euteneuer joins the company from spectrum trading company Rivada Networks, where he was co...
By Matthew Heller • Oct. 4, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How Execs Can Derisk Company Stock Holdings
[Editor’s note: the author is the CEO of a registered broker-dealer.]Public-company executives and employees holding highly appreciated company stock often diversify out of some positions over time via outright sales of their shares and by using tools such as exchange funds, equity derivatives, a...
By Elizabeth Ostrander and Thomas Boczar • Oct. 4, 2017
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