Human Capital: Page 43
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Invasion of the Health-Insurance Brokers
If Matt Stover is right, it won’t be long before your workplace is crawling with health insurers and brokers trying to recoup revenues they lost because of the Affordable Care Act.The bottom line is that the carriers and intermediaries “are looking to sell your employees more stuff,” Stover, a pa...
By David Katz • April 30, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Employee Exodus Threatens Energy Firms
For certain industries, most prominently energy, no current concern outweighs the looming loss of huge portions of veteran personnel. Turnover has been historically low in that industry, and with the baby-boomer generation now starting to retire, companies face a potentially devastating shortfall...
By David McCann • April 29, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending April 26
CFO Peter Klein has announced he is leaving Microsoft at the end of June. He has been at the company since 2002 and was appointed CFO of Microsoft’s business division in 2006.Humberto Alfonso, CFO and chief administrative officer at The Hershey Co., has been promoted to president, international, ...
By Joan Urdang • April 26, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Finance Leaders Bemoan Talent Shortage
For public consumption, finance executives are happy to talk about what wonderful teams they have. In private, most are not very impressed with the talent at their disposal.Finance managers rate few of their direct reports as effective in the behaviors and skills that drive excellent performance ...
By David McCann • April 24, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Yoga Offers Insights on Employee Health
Most of us, when we think of yoga, envision those implausible poses shown in magazines and videos being performed by gurus in India or super-flexible models in athletic wear. In fact, the poses, or “asanas,” are only a small part of yoga. The Free Dictionary says, “Yoga is derived from a Sanskrit...
By John Boudreau • April 23, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending April 19
Michael Culotta is leaving his post as finance chief at institutional pharmacy company PharMerica Corp. A search is under way for his replacement; in the meantime, David Froesel Jr., former CFO of Omnicare Inc., has been named interim CFO.Kevin Klotzbach is adding to his responsibilities as treas...
By Joan Urdang • April 19, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Next CFO: An Inside Job
Corporate executives generally think it’s better to fill an opening in the CFO chair by promoting from within than hiring externally, new research shows. Finance executives, specifically, think so too – and even more so, according to one top financial-officers recruiter.Among 583 executives of al...
By David McCann • April 19, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Employee Pay Spikes Nationwide
The unemployment rate, though edging down, is still higher than most economists consider consistent with a fundamentally healthy economy. But by another measure of fiscal health – the level of compensation being paid to those who are working – these are boom times.PayScale, which claims to have t...
By David McCann • April 18, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Can You Afford College?
Want to step out of the corporate vortex and into a fulfilling and stable – if perhaps less remunerative – finance career? Think higher education.Not that there aren’t some monetary rewards. The median pay for CFOs of colleges and universities is $153,000, according to the College and University ...
By David McCann • April 17, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
An Incentive to Control Incentive Pay
When it comes to establishing incentive-compensation targets and weighting the measures used to calculate payouts, CFOs who are not heavily involved in the process – especially where non-executives are eligible for bonuses – are making a mistake.At least, so says Juan Pablo Gonzalez, a partner at...
By David McCann • April 15, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Great Pension Derisking
Thrice burned, twice shy. After experiencing steep funding shortfalls in their defined-benefit retirement plan obligations three times in a row over the past generation, corporate plan sponsors are finally fighting back, with an array of innovative weapons designed to reduce their pension liabili...
By Russ Banham • April 15, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Housing Smarts
In 2006, when U.S. housing prices peaked, Toll Brothers saw its annual revenues reach an all-time high of $6.1 billion. But when prices plummeted and the recession ensued, sales fell for the luxury-home builder, resulting in four straight years of operating losses. Like so many other companies in...
By Edward Teach • April 15, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Play Ball!
Name: Steve Fitch Position: SVP and CFO of the Boston Red Sox Previous Positions: VP/controller, VP of finance, VP of human resources, Boston Red Sox; executive director of finance, San Diego Padres; controller, IRT; controller, Sav-On Drugs Notable For: Wearing multiple hats in his job, with res...
By Edward Teach • April 15, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending April 12
Stephen Cumming has resigned as CFO and vice president of finance at Atmel Corp. Steve Skaggs, senior vice president of corporate strategy and development at the microcontroller designer and manufacturer, will add to his responsibilities as interim CFO.Hanmi Financial Corp. has named Shick Yoon t...
By Joan Urdang • April 12, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Small Companies May Have to Offer IRAs
Small companies could be required to set up individual retirement accounts funded by pre-tax deductions from participating employees’ pay, if the federal government gets its way. Several present and former finance chiefs contacted by CFO said they support the idea, though in some cases with reser...
By David McCann • April 11, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
SMB Finance Chiefs Call for Visa Reforms
Editor’s Note: The Senate released immigration reform legislation on April 16. The bill raises the limit on H-1B visas to 110,000 in the first year (plus an increased exemption), with an eventual ceiling of 180,000. It would also impose significant fees on heavy corporate users of the visa syste...
By Marielle Segarra • April 9, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Managing Confidential Data: The Best Defense
So you think your company is immune from a data breach? Your IT team has set up a firewall, intrusion-detection prevention, and antivirus protection. The company has never been the victim of a data breach. So you and your fellow corporate officers assume your company is sufficiently protected.Tha...
By Bill Mariano • April 8, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending April 5
Kathryn Mikells has been named to the top finance spot at Xerox Corp., effective May 2. She will join the firm from The ADT Corp., where she is CFO.Cargill Inc. has appointed Marcel Smits to lead the finance function, effective April 15. He succeeds president and chief operating officer David Mac...
By Joan Urdang • April 5, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Celanese Perfects the Art of Transforming Finance
Steven Sterin has been transforming the finance function at Celanese almost continuously since 2005. But he thinks the challenges that lie ahead for his team may be greater than anything they’ve yet experienced. That’s saying a lot. In 2004 and 2005, when the Fortune 500 chemicals company, then b...
By David McCann • April 3, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending March 29
Title-insurance provider First American Financial Corp. has promoted Mark Seaton to lead the finance function. He succeeds Max Valdes, who is retiring but will stay on at the company until next March to aid in the transition. Seaton has been at First American since 2006 and most recently was seni...
By Joan Urdang • March 29, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Many Execs See CFOs as Poor Operators
CFOs may be taking on more operational responsibility, but many corporate executives apparently don’t think that’s a great idea.Among 145 executives with various titles surveyed exclusively for CFO by recruiting firm Korn/Ferry, 71% said the CFO at their company is at least somewhat involved in r...
By David McCann • March 25, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Five Myths about Predicting Workforce Behaviors
CFOs may want more analytical muscle from human resources, but at most companies that’s a far-off dream.PwC Saratoga, a PricewaterhouseCoopers unit focused on workforce measurement, defines four levels of HR analytical capability. Level 1 is producing ad hoc metrics and reports that tell “what ha...
By David McCann • March 22, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending March 22
Robert Reilly has been promoted to the top finance spot at The PNC Financial Services Group. He will replace Richard Johnson upon Johnson’s previously announced retirement, scheduled to take place in the third quarter. Reilly has led the firm’s Asset Management Group since 2005.The Men’s Wearhous...
By Joan Urdang • March 22, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Getting on Board
Most CFOs aren’t members of their companies’ boards, but they might as well be. They attend the greater portion of most board meetings and are asked for a lot of input. But are they always fully prepared? After all, a new hot item may pique a board’s interest at any time. “If you’re caught flat-f...
By David McCann • March 21, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Two-Part Harmony
Name: Jim Menger Position: CFO of the Cleveland Orchestra Previous Positions: Controller at the Cleveland Orchestra; manager, audit practice, at Ernst & Young Notable For: His experience negotiating with unions.His Take-Away: One of my favorite parts of the job is negotiating contracts. I’m o...
By Marielle Segarra • March 21, 2013
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