Human Capital: Page 39


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    CISOs: The CFOs of IT

    While cyber-security risks are top of mind for many executives, not many have considered bolstering their capabilities in this area via an addition to the management team. But it may be high time do so by hiring a chief information security officer (CISO).Five years ago, hiring a CISO would have ...

    By Alissa Ponchione • Nov. 7, 2013
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    Health-Insurer CFO Grapples with Obamacare Impact

    For the CFO of a health-insurance company these are heady times indeed. Count the ways.There’s taking on the risk of participating in the public exchanges created under the Affordable Care Act that are now (if quite shakily) available to consumers. Health insurers are also now forced to make assu...

    By Nov. 7, 2013
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    Pandora in Tune with Music Streaming’s Future

    Pandora Media CFO Mike Herring will be the first person to tell you that music is a very personal experience. Embracing this philosophy is what has made Pandora successful. But Pandora’s customers are hardly listening alone: the company is the de facto leader in Internet radio, with more than 70-...

    By Alissa Ponchione • Oct. 25, 2013
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    CFOs on the Move: Week Ending Oct. 18

    Morningstar has named Stéphane Biehler finance chief. He has been chief accounting officer and corporate controller at NYSE Euronext since 2007.Christopher Halmy has been promoted to the top finance spot at Ally Financial, effective November 8. Halmy, who is corporate treasurer, will replace Jame...

    By Joan Urdang • Oct. 18, 2013
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    CFOs on the Move: Week Ending October 11

    Clear Channel Media and Entertainment has named Steven Macri to head finance. Most recently, he was CFO at LogicSource.Peter Keegan will retire from the top finance spot at Loews in May, when he will become a senior adviser. He will be succeeded by senior vice president David Edelson, who has bee...

    By Joan Urdang • Oct. 11, 2013
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    Do the Math: ‘Business Algebra’ Reveals Pivotal Talent

    CFOs and their colleagues in the finance and accounting functions are good at expressing their organizations’ value-creation logic as mathematical relationships. For example, in a consumer-goods company, sales volume of a product might be calculated with this algebra:Breadth (the percentage of mo...

    By John Boudreau • Oct. 7, 2013
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    CFOs on the Move: Week Ending Oct. 4

    James Mackey has been named to lead the finance function at Freddie Mac, effective the week of November 11. He succeeds Ross Kari, who had said he planned to retire. Mackey had been CFO of Ally Financial, where he will be replaced by corporate treasurer Christopher Halmy.McKesson, an IT and healt...

    By Oct. 4, 2013
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    CFOs on the Move: Week Ending September 27

    Patrick McClymont has been named to the top finance spot at Sotheby’s, effective October 7. He takes over from William Sheridan, who is leaving the company but will stay on until year-end to aid in the transition. McClymont comes to the auction house from Goldman, Sachs & Co., where he was a ...

    By Joan Urdang • Sept. 27, 2013
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    How to Transform the Finance Function

    Finance transformation: two words that draw out the skeptics, particularly from finance organizations that consider themselves mature and efficient.Excuses for not undertaking a finance transformation are plenty: all is working well, so why change things; the organization is experiencing too much...

    By Frank Friedman • Sept. 26, 2013
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    Is Oracle Pay Move about Show or Dough?

    I’m on record as saying, more than once, that I think all the loud debate and incessant hand-wringing over supposedly excessive executive compensation are out of proportion to more pressing corporate concerns.To clarify, I think that generally. There are limits, to be sure. If I held ultimate pow...

    By Sept. 24, 2013
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    Why Would You Want to Work for a PE-Backed Firm?

    When speaking with senior financial executives about their career aspirations, the conversation often turns to a desire to work for a private equity-backed company. I am talking about a large majority of respondents here – at least 70 percent. When I ask why, the answer invariably focuses on the ...

    By John Touey • Sept. 23, 2013
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    Link Between Health-Care Quality and Stock Price?

    Companies with aggressive programs designed to improve employees’ health like to talk about such efforts being “the right thing to do” for workers. Some are also not shy about ballyhooing the positive cost impact that’s thought to flow from a healthier work force.Now comes new research that is am...

    By Sept. 20, 2013
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    Starbucks CFO Picks up Tech, Supply-Chain Roles

    Starbucks isn’t new to the idea of trying to generate growth or broadening its brand appeal. That’s evident in the way it’s broadened the scope of the finance function by promoting Troy Alstead from CFO and chief administrative officer to CFO and group president of global business service — a pro...

    By Alissa Ponchione • Sept. 20, 2013
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    CFOs on the Move: Week Ending September 20

    Steel producer Severstal North America has named Olga Petrova finance chief. She replaces interim CFO Michael Tuomey, who will be deputy CFO. Most recently, Petrova was head of the business planning and controlling department at Severstal’s parent company, OAO Severstal.CFO and treasurer Stacy Ho...

    By Joan Urdang • Sept. 20, 2013
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    Aon Hewitt Scores 15 Big Private-Exchange Clients

    While interest in private health-insurance exchanges for active employees has recently been percolating more heatedly among large companies, an announcement today represents the strongest validation to date of the private-exchange concept.Human-resources consulting firm Aon Hewitt said that it’s ...

    By Sept. 18, 2013
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    CFOs on the Move: Week Ending September 13

    Manik Jhangiani has been promoted to the top finance spot at Coca-Cola Enterprises Inc., effective November 1. Jhangiani, who takes over from Bill Douglas, is now vice president, European finance.National Financial Partners has promoted Brett Schneider to head finance. Schneider, who has been at ...

    By Joan Urdang • Sept. 13, 2013
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    Major Flux for Retiree Health Care

    Announcements in the past few days by IBM and Time Warner could signal an avalanche of retired people spilling into private health-insurance exchanges over the next few years.The two big companies will be far from the first to move their retirees to private exchanges. In a National Business Group...

    By Sept. 10, 2013
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    How to Avoid Personal Tax Woes

    Executive compensation can be fraught with peril, especially with respect to taxation. A number of treacherous federal tax provisions can create “gotcha” scenarios. Unexpected penalties, additional taxes or costly corrections can ensue from a missed deadline or a deficient agreement. Whether this...

    By Christine Osvald-Mruz • Sept. 9, 2013
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    CFOs on the Move: Week Ending September 6

    Kraft Foods Group Inc. has named Teri List-Stoll senior vice president of finance, and she will take over from CFO Timothy McLevish in the first quarter of next year. She comes to the company from Procter & Gamble, where she was treasurer.National Financial Partners has promoted Brett Schneid...

    By Joan Urdang • Sept. 6, 2013
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    Why CFOs and Other Leaders Shouldn’t Pass the Blame

    Finger pointing makes sense, on some level. Your present situation is someone else’s fault, so you blame him or her (and loudly, so everyone can hear).Myron Ullman, CEO of J.C. Penney, is familiar with this strategy. Ullman, who was chief executive at the retailer before recently-ousted CEO Ron J...

    By Marielle Segarra • Sept. 6, 2013
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    Option Plays Dwindle in Pay Mix

    Large companies are continuing a recent trend of being more conservative with their stock-based compensation for employees, a new analysis by PricewaterhouseCoopers shows.At the 110 “mature” companies studied, stock options accounted for 49 percent of equity shares granted in 2012. That left 51 p...

    By Sept. 6, 2013
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    More Latin American Companies Want Women in C-suite

    Latin America has long lagged other regions when it comes to gender diversity in the C-suite. In 2011, women held only 8 percent of  executive committee positions at companies surveyed in Latin America, compared to 14 percent at companies in the United States and 15 percent in Norway, according t...

    By Marielle Segarra • Sept. 4, 2013
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    CFOs on the Move: Week Ending August 30

    Kathryn Fagan is retiring as finance chief of Annaly Capital Management Inc. She will be succeeded by Glenn Votek, most recently chief administrative officer.Marathon Oil Corp. has appointed John Sult to lead the finance function, effective September 3. He replaces Janet Clark, who is retiring Oc...

    By Joan Urdang • Aug. 30, 2013
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    From Great Books to QuickBooks

    University liberal-arts degree programs, especially those in the humanities and social sciences, are under fire for allegedly not training students for the jobs that will drive their careers and the economy in the future. To the vast majority of CFOs who have undergraduate degrees in accounting, ...

    By Aug. 30, 2013
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    The Lowdown on New ACA Fees

    During a recent webinar we conducted for human-resources professionals on the Affordable Care Act, many questions came up about two new fees employers must pay starting in 2014 (although some companies have already started paying one of them). Since there seems to be some confusion about these ch...

    By Mary Bauman and Don Garlitz • Aug. 28, 2013