Human Capital: Page 40


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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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    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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    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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    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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    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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    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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    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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    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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    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
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    CFOs on the Move: Week Ending Aug. 23

    Former Caterpillar Inc. CFO David Burritt will succeed the retiring Gretchen Haggerty as CFO of United States Steel Corp. Burritt will assume the post on August 31. Burritt spent almost six years heading finance at Caterpillar after being promoted from corporate controller in December 2004. A lon...

    By Aug. 23, 2013
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    Will Obamacare Destroy Jobs?

    Before the recession, Richard Clark’s cleaning company in Florida had 200 employees, about half of them working full time. These days it has about 150, with 80% part-time. The downturn explains some of this. But Mr Clark also blames Barack Obama’s health reform. When it comes into effect in Janua...

    By Economist Staff • Aug. 23, 2013
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    Health Care Rises on CFO Priority Lists

    CFOs are far more involved in their employers’ health-care strategies than they were before the Affordable Care Act (ACA) was signed into law in 2010, new research indicates.In a Towers Watson survey of benefits managers at 420 large and midsized employers, participants were asked to rate the ext...

    By Aug. 22, 2013
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    CFO Musical Chairs Are Humming Along

    Turnover among CFOs at large companies rose for the third straight year in 2013, according to a new report from recruiting firm Crist|Kolder Associates. That continued a long-term trend of higher turnover as economic conditions improve, and vice versa. Among the 668 companies in either the Fortun...

    By Aug. 20, 2013
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    Five Ways to Mess Up Gamification

    Top companies all over the world are adopting gamification into their core business strategies in order to drive engagement for employees, customers and partners. Through our experience working with some of the world’s largest brands, we have discovered some unexpected pitfalls along the way. The...

    By Whitney Cook • Aug. 19, 2013
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    CFOs on the Move: Week Ending August 16

    Motorola Solutions Inc. has appointed Gino Bonanotte acting CFO. He succeeds Ed Fitzpatrick, who is leaving the company. Bonanotte had been corporate vice president at the firm.The Mayo Clinic has promoted CFO Jeff Bolton to chief administrative officer, effective November 15. He takes over from ...

    By Joan Urdang • Aug. 16, 2013
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    How to Avoid Résumé Fraud

    Here’s the situation: You’re ready to move on from your job and find another (or perhaps your first) CFO role. But the economy is tough, it seems impossible to get a job interview, and you start revamping your résumé. Maybe if you change a few words around, play up your experience with buzzwords ...

    By Marielle Segarra • Aug. 15, 2013
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    The Perks of the Cloud

    GoPro, a privately owned company in San Mateo, Calif. that is known for its “wearable” cameras, was founded in 2002 by surfer Nick Woodman. The company, which began selling cameras using 35mm film technology in 2004, has since seen its products go digital and has built up a retail network of 36,0...

    By Ed Zwirn • Aug. 15, 2013
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    Pay-wise, CFOs Gain a Bit on Their Bosses

    CFOs’ earnings grew more than CEO pay did in 2012, the third year in a row finance chiefs earned such bragging rights, according to an analysis by Compensation Advisory Partners.The firm looked at total direct compensation for those positions and its components – salary, annual bonus and grant-da...

    By Aug. 14, 2013
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    Hey, CFOs in Transition: Don’t Be ‘That Guy’

    An executive search professional, my role is to help client companies fill open positions. But I also get many calls and emails from senior financial officers who are looking for jobs. On rare occasions, serendipity intervenes and the person is actually a good fit for a current assignment. Otherw...

    By John Touey • Aug. 13, 2013
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    A One-of-a-Kind Private Exchange

    This is the final installment in a three-part series of articles on private health-care exchanges. Part 1 documented growing interest in the products among large companies. Part 2 examined variable aspects of the private-exchange model.As noted in the previous article in this series, definitions ...

    By Aug. 12, 2013
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    CFOs on the Move: Week Ending August 9

    Jeffrey Bairstow has been appointed to the top finance spot at Time Inc., effective September 3. He will take over from Howard Averill, who has been named CFO of Time Warner Inc. Most recently, Bairstow was president of Digital First Media.Revlon Inc. has named Lawrence Alletto to head finance, e...

    By Joan Urdang • Aug. 9, 2013