Human Capital: Page 30
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Private Companies See Bright Prospects, Wage Growth
CEOs and CFOs of privately held companies are growing more confident in the U.S. economy, feeding expectations of brighter prospects for their own businesses. As a result, hiring plans are up and importantly, so are expectations for future wage growth, according to a PricewaterhouseCoopers survey...
By Ken Esch • Aug. 10, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Planned Job Cuts Fall 18% in July to 28,307
Layoffs announced by U.S.-based employers fell in July to the lowest monthly total since November 2016 but a downturn could be on the horizon, according to a new report.Outplacement firm Challenger, Gray & Christmas said employers announced 28,307 job cuts last month, 18% fewer than in June a...
By Matthew Heller • Aug. 3, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Brad Halverson to Retire as Caterpillar CFO
Caterpillar, which has recently shown signs of financial recovery after a years-long slump, announced Tuesday that CFO Brad Halverson will retire as CEO in early 2018 after more than three decades with the construction and mining giant.Caterpillar CEO Jim Umpleby thanked Halverson for his many ye...
By Matthew Heller • Aug. 1, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Red Hat CFO Pursues Cloud Agenda
In 2012, when CFO spoke with Red Hat finance chief Charlie Peters, the company essentially had a single significant product offering, the operating system Red Hat Enterprise Linux. Five years later, Red Hat is neck deep in its transformation to a company with a burgeoning position in cloud-platfo...
By David McCann • July 25, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
What Makes an Ideal Private Equity CFO?
As private equity firms look to maximize the value of their holdings, they are increasingly bringing in new CFOs early in the lifespan of their investments.The ideal private equity CFO is both strategic and operational, serving as a thought partner across various functional and divisional aspects...
By Claude Shaw • July 24, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Investors to SEC: Mandate People Disclosures
A large investor group has asked the Securities and Exchange Commission to adopt rules requiring public companies to disclose information about their human capital management policies, practices, and performance.A rulemaking petition was filed by the Human Capital Management Coalition (HCMC), com...
By David McCann • July 20, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Twitter Names Wall Street Vet Ned Segal as CEO
Twitter has appointed former Goldman Sachs banker Ned Segal as CFO, relieving Anthony Noto of one of his jobs as it continues to seek profitability.Segal, 43, most recently served as senior vice president of finance for Intuit’s Small Business Group, which is responsible for such products as Quic...
By Matthew Heller • July 12, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Citrix Names Finance Chief as New CEO
Enterprise software provider Citrix Systems said its board had named CFO David Henshall to replace Kirill Tatarinov as chief executive officer and lead its transition to a cloud-based subscription model.Henshall has served as CFO since 2003 when he joined Citrix from Rational Software Corp. In a ...
By Matthew Heller • July 11, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How CFOs Can Take on Bigger Roles
There’s a revolution brewing in finance departments. Activist investors are pressuring companies on costs just as digital disruption and mounting complexity take their toll. These forces are causing companies to rely even more heavily on their finance teams.Laura Miles And with artificial intelli...
By Laura Miles and Henrik Poppe • June 26, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Senate Health Bill Wins Corporate Favor
While many people who buy health insurance in the individual market, and their advocates, are seething over the Senate’s proposed health-care bill, those representing corporate interests are mostly pleased with it.The Senate is scheduled to vote on the bill next Friday, June 30. If it passes, the...
By David McCann • June 23, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Accenture Offloads Pension Liability
Accenture is transferring $1.6 billion in pension liabilities to American International Group and Massachusetts Mutual Life Insurance, according to a report. The deal includes roughly $600 million in lump-sum payments to roughly 7,000 current and former employees who chose that way of being paid ...
By William Sprouse • June 23, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Jobless Claims Rise; Labor Market Stays Tight
Initial claims for state unemployment benefits rose 3,000 for the week ended June 17, but the number of unemployed people remains consistent with a tight labor market, according to the Department of Labor.It was the 120th consecutive week that total claims have been below 300,000, the threshold a...
By William Sprouse • June 22, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending June 9
Mutual of Omaha has named Vibhu Sharma CFO and treasurer, replacing the retiring David Diamond. Formerly, Sharma was CEO of Zurich Insurance Group’s UK general insurance business as well as UK country head.Mark Miller Pipasu Soni has been appointed interim CFO at U.S. Steel. He succeeds David Bur...
By Joan Urdang • June 9, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Growth in Health-Care Consumerism Slows
Consumer-directed health plans (CDHPs), which allow participants to tailor their amount of coverage to their expected consumption of health-care services, have become a key strategy for managing both employee and employer costs.But it appears that the CDHP “revolution,” if you will, might not mat...
By David McCann • June 7, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Finance Chiefs Praise Deloitte’s CFO Academy
This is the second of two articles about how finance professionals who are a step or two away from a CFO seat can make the final strides. Read the first one here.People who are a mere promotion away from becoming the chief financial officer of, say, a Fortune 200 company are already extraordinari...
By David McCann • June 2, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
What Makes for a Public-Company CFO?
This is the first of two articles about how finance professionals who are a step or two away from a CFO seat can make the final strides.How did finance professionals come to be on the CFO track and, ultimately, land a finance-chief job at a big public company?Certainly, all of them became deeply ...
By David McCann • May 31, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Three Ways Health-Care Leaders Are Leveraging Big Data
Consumerism, disruption, innovation, retail health, transformation, big data: A new set of words is dominating the health-care lexicon. The vocabulary reflects the fact that smartphone-connected consumers have catapulted health-care delivery into the Internet-based, on-demand economy.Success in t...
By Jason Sussman • May 26, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending May 26
Tire manufacturer Bridgestone Americas has promoted Amanda Mathis to finance chief. She joined the firm in 2012 as controller of the consumer tire division, and was appointed vice president of finance for Bridgestone Americas Tire Operations North America and acting CFO last September.Amanda Math...
By Joan Urdang • May 26, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending May 19
W. Douglas Benn will retire from the top finance spot at restaurant chain The Cheesecake Factory, effective July 7. Matthew Clark, currently senior vice president of finance and strategy, will replace him.Haresh Shah Avis Budget Group said that president and CFO David Wyshner has resigned. The co...
By Joan Urdang • May 19, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Ford to Cut 1,400 Jobs in Profitability Push
Ford Motor said Wednesday it would cut its salaried workforce in North America and Asia by nearly 10% as it seeks to boost profitability amid a falling stock price.The No. 2 U.S. automaker said it must focus on “becoming as lean and efficient as possible” as it announced job cuts that will affect...
By Matthew Heller • May 17, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Senate Confirms Jay Clayton as SEC Chair
The U.S. Senate has approved the nomination of Jay Clayton as chairman of the Securities and Exchange Commission, putting a lawyer who one Democrat called “one of Wall Street’s most loyal guardians” in charge of the regulator.“I look forward to working closely with my fellow commissioners and the...
By Matthew Heller • May 3, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Clicking with CEO Trumps Meeting Financial Goals
For some reason, quite a few people pitching articles to CFO still feel compelled to point out to us that being a finance chief is “no longer all about the numbers.” Yes, we know.But even we were surprised by new research suggesting that from a CFO’s point of view, failing to meeting financial go...
By David McCann • May 3, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Sales Incentives Are Powerful, So Use Them for Good
When Wells Fargo designed its incentive compensation program, leaders most certainly did not expect its impact: $185 million in fines; the firing of 5,300 employees; the clawback of $75 million in compensation from top former executives; the ouster of the CEO; and a global scandal in which as man...
By Mark Donnolo • April 28, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How to Fight the Perception that You Can’t Communicate
There’s persistent chatter circulating through the business world that, in general, financial executives are not strong communicators. I don’t know how it started (probably in HR), but it’s a common conceit that when you take the spreadsheets away, your average CFO/controller type will be at a lo...
By John Touey • April 24, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Attracting Millennials to the Finance Team
Finding qualified people — especially younger professionals — to staff the finance team continues to be a challenge. Here are five articles that explore new approaches to attracting, hiring and managing top finance talent.Hire ExpectationsThe shortage of young finance talent is widely discussed a...
By CFO Editorial Staff • April 8, 2017