Human Capital: Page 31
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Feds Eye H-1B Dependent Firms in Crackdown
The Trump administration made a move Monday to crack down on employers who hire foreigners over Americans, saying it would tighten scrutiny of the H-1B visa program.On the same day the program started accepting H-1B applications for the fiscal year beginning Oct. 1, 2017, U.S. Citizenship and Imm...
By Matthew Heller • April 3, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Health Care: Whatever Happens, Most Companies Will Stand Pat
As Congress and the Trump Administration regroup after the failure of the Republicans’ bill to repeal and replace the Affordable Care Act, it’s looking unlikely that there will be another attempt — anytime soon, at least — to scotch the ACA.But even if there is no such attempt, it’s not yet clear...
By David McCann • March 28, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Internal Audit Losing Prestige, Survey Finds
In the eyes of CFOs and many other senior executives and board members, the internal audit function is fast losing prestige, a new study suggests.The reason? Most internal auditors are slow to help their employers prepare for and respond to major corporate “disruptions” like big regulatory change...
By David Katz • March 22, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
‘TrumpCare’ to Increase Uninsured by 24 Million
The nonpartisan Congressional Budget Office has estimated that 24 million fewer Americans will have health insurance coverage in 2026 under the Republican Obamacare replacement bill, though a Forbes analysis put the number at 5 million.Democrats and other opponents of the bill seized on the CBO’s...
By Matthew Heller • March 14, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Juniper Crashes Brave New Worlds of Networking
Juniper Networks has made its living for 20 years by selling networking hardware like routers and switches, mostly to telecommunications companies.Ken Miller But while that business still provides the bulk of the company’s revenue and must be serviced and maintained, it’s no longer growing. So Ju...
By David McCann • March 10, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending March 3
CFO David Burritt has been named president and COO of U.S. Steel. He will continue in his role as CFO until a replacement has been found.Thomas Aaron Susan Panuccio has been appointed to head finance at News Corp, succeeding Bedi Singh. She had been finance chief of News Corp Australia since 2013...
By Joan Urdang • March 3, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Hire Expectations
The shortage of young finance talent is widely discussed among CFOs, but rarely closely examined. The shrinking unemployment rate has drained the talent pool in many corporate functions and industries, and companies continually complain that they can’t find qualified staff. For finance department...
By David McCann • March 2, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Feb. 24
JetBlue Airways has promoted Steve Priest to finance chief, replacing interim CFO Jim Leddy. Previously, Priest was vice president, structural programs, at the airline.John Barton Deepak Ahuja has been named to lead the finance function at Tesla, replacing Jason Wheeler, who is leaving in April. ...
By Joan Urdang • Feb. 24, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Emerging Best Practice: Promoting CFOs from Within
Don’t hold the presses: The average age of CFOs at large companies is 53, and they’ve held that post with their current employers for an average of 5.1 years.They’re significantly younger and less-tenured than the average CEO, who is 58 years old and has been in his or her existing job for 8.0 ye...
By David McCann • Feb. 21, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Feb. 17
Robert Roche has been chosen to head finance at Carlisle Cos. He takes over for Steven Ford, who will remain secretary and general counsel. Previously, Roche held several posts at Tyco International, including chief operating officer; senior vice president of finance; and senior vice president, c...
By Joan Urdang • Feb. 17, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Square-Off: Is Raising the Minimum Wage a Good Idea?
Raising the minimum wage won big last November. A handful of states passed legislation to significantly hike pay floors across the country, which may represent a building sea change in public opinion away from business interests. From New York City to Seattle, the “Fight for $15” is increasingly ...
By Sean Allocca • Feb. 16, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Government Should Bear the Minimum-Wage-Hike Burden
Debates about the minimum wage should emphasize the long-term effects, not the immediate impact on the quantity of jobs and hours worked. Yes, at the margin, employers may quickly make some cuts to offset their increased costs. But labor is only one cost among many.Oren Cass WageFor a business mo...
By Oren Cass • Feb. 16, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The True Cost of a ‘Living Wage’
With the election of Donald Trump, the chances that the federal minimum wage will be raised are now slim to none. But the drive for a hike in the wage floor, especially after recent increases have come at the state, city and company level, will likely not end anytime soon.Joel Naroff Living wageS...
By Joel Naroff • Feb. 16, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Wage Hikes: Proceed with Caution
The idea that boosting the minimum wage can help low-wage workers is not a new idea. The Fight for $15 movement, for example, has steadily gained momentum over the last four years. Several cities and states are set to phase in an increase to a $15 minimum wage over the next few years.Aparna Mathu...
By Aparna Mathur • Feb. 16, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Feb. 10
Clothier Perry Ellis International has chosen David Rattner to lead the finance function. He succeeds Anita Britt, who is retiring at the end of March. Previously, Rattner was corporate controller and vice president, finance, at Elizabeth Arden.Jack Fortnum will retire from the top finance spot a...
By Joan Urdang • Feb. 10, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
On the House
Executive compensation packages often include perquisites, or perks, so companies can attract top executive talent. From flights in private jets to sporting-event tickets, executive privileges—which can go unnoticed by investors—really add up. Take our quiz to find out how much executive perks ar...
By CFO Editorial Staff • Feb. 7, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Companies Shaken by Travel Ban
From his vow to shred the current regulatory framework to championing a major cutback in corporate tax rates, President Donald Trump made a number of promises during his campaign for office that positioned him as business-friendly.Companies didn’t have much to say, at least publicly, about anothe...
By David McCann • Feb. 6, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Can Companies Bar Workers from Filing Class-Action Claims?
This article is a follow-up to Wednesday’s story on the growing threat of class-action lawsuits against companies over wage-and-hour practices.The Supreme Court’s mid-January decision to take on a trio of cases related to class actions may serve to decide a hotly contested issue that’s of great e...
By David McCann • Feb. 2, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Cost-of-Employment Increases Wane
The cost of employment rose only slightly in the fourth quarter of last year due in part to a reduction in the amount U.S. companies paid to provide health benefits to workers, according to new data from the U.S. Bureau of Labor Statistics.The Employment Cost Index released on Tuesday reflected a...
By Sean Allocca • Jan. 31, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How to Rein In the Soaring Costs of Specialty Drugs
The National Business Group on Health (NBGH), a nonprofit association of 420 large U.S. employers, on Monday released a policy issue brief offering recommendations designed to help stem the skyrocketing costs of “specialty” drugs.The rate of increase in the cost of employer-provided health benefi...
By David McCann • Jan. 30, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Starbucks to Hire 10,000 Refugees After Immigration Ban
Starbucks pledged to hire 10,000 refugees in direct response to Donald Trump’s executive order indefinitely barring Syrian refugees from entering the country and banning travel from six other Muslim-majority countries.The coffee retailer’s chairman and CEO Howard Schultz said in a memo to employe...
By Sean Allocca • Jan. 30, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Innovative Office Spaces Attract Millennials
A growing number of businesses — ranging from startup technology companies to professional services firms — are using innovative office spaces to court millennials, currently the largest and a highly coveted segment of the workforce.With millennials taking leadership positions at companies, techn...
By Tere Blanca • Jan. 25, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
WME-IMG CFO Liddell Takes White House Job
After about two-and-a-half years as finance chief at WME-IMG, Chris Liddell is leaving the talent agency to oversee special projects for the Trump administration.The native New Zealander will take the title of assistant to the president and director of strategic initiatives. His appointment was a...
By Matthew Heller • Jan. 20, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Trump Praises Wal-Mart, GM for U.S. Job Moves
Wal-Mart and General Motors won the blessing of President-elect Donald Trump after they announced plans to add jobs in the U.S.Whether the announcements really amounted to anything new is debatable and the additional jobs represent only a small increase in the companies’ total U.S. workforces. Wa...
By Matthew Heller • Jan. 17, 2017 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Jan. 13
Martin Chavez has been appointed deputy CFO at The Goldman Sachs Group, and will become finance chief at the end of April when current CFO Harvey Schwartz becomes co-president and co-COO with David Solomon, now co-head of the investment-banking division. Chavez most recently was chief informatio...
By Joan Urdang • Jan. 13, 2017
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