Human Capital: Page 44
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Failure as a Teaching Aid
Regarding the article “In the Fast Lane at GM” (January/February): I believe a business failing is a teaching aid to those who caused the failure, and the business community needs to follow those folks in their business endeavors so they don’t make the same mistakes again. It used to be that a fa...
By CFO Readers • 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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Ex-CFO Seeks Role with P.E. Portfolio Partners
Here’s a novel way for a just-replaced finance chief to look for work: get your former employer to tuck a notice into a press release reporting on your replacement. And make sure there’s a public announcement in the release that you’re looking for opportunities at companies within the same privat...
By David Katz • March 19, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
With Private Exchanges, Workers Dump Old Health-care Choices
Data released today by Aon Hewitt suggests that when companies join a private health-insurance exchange that gives employees more health-plan options from which to choose, they will overwhelmingly choose something different from what they selected previously.Sears, Darden Restaurants, and Aon Hew...
By David McCann • March 18, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Guard Changes at New York Life
New York Life Insurance Co. culminated a long-planned succession by naming John Fleurant as its CFO, effective July 1, replacing Michael Sproule, 65, who is retiring as scheduled on June 30. At that time, Fleurant will start serving as the company’s finance chief.Fleurant, 50, currently serves as...
By David Katz • March 18, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The CFO as Insurance Buyer
As CFO of United Educators, an insurance company formed in 1987 that focuses on the perils of colleges, universities, public school districts and the like, Michael F. Horning plays the traditional roles of a finance chief, heading up accounting, human resources and facility management. But beside...
By Caroline McDonald • March 14, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Today’s Keys for Lowering Drug Costs
Pharmacy benefits for active employees and Medicare-eligible retirees present an excellent opportunity to drive out unnecessary costs and improve risk management, driven by market dynamics as well as regulatory and tax changes.Right now, drug costs are in flux. Over the next three years, brand-n...
By Barry Eyre • March 14, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Don’t Gamify. Pleasurize.
Orlando, Fla. — Will gamification catch on in a big and enduring way in Corporate America? Will it flame for a while before burning out? Or could it go either way, depending on how many companies do it right?PwC, for one, predicted in January that this year more companies than ever will use gamif...
By Taylor Provost • March 6, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Will New Benefits-Eligible Workers Wreck Your Finances?
The finances of companies in industries that employ large numbers of low-wage workers are potentially in peril starting next year. The individual mandate — which states that all U.S. residents must buy health insurance or pay a federal-tax penalty — and other provisions of the Affordable Care A...
By David McCann • March 5, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
A New Private Health Exchange, with a Twist
Yet another benefits consulting firm, Buck Consultants, has announced plans to launch a private health-insurance exchange for companies’ active employees. Each of such exchanges offers twists that competitors don’t, and Buck’s is no exception.Initially, Buck will be targeting companies with at le...
By David McCann • March 4, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending March 1
Orbitz Worldwide has selected Mike Randolfi to lead the finance function, effective March 11. He comes to the online travel company from Delta Air Lines, where he is now controller.Eye-health firm Bausch + Lomb has appointed Robert Bertolini president and CFO. Formerly, he headed finance at Sche...
By Joan Urdang • March 1, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Profitably Parting Ways: Getting More Value from Divestitures
Most divestitures start with a strategic decision that a company is no longer the best owner of one of its businesses. It’s a natural move for executives who see value in actively managing their portfolio of business units—recognizing that to grow, they sometimes have to shrink first—to deploy c...
By David Fubini and Michael Park • March 1, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
A First-time CFO Manages Massive Growth
There’s growth, and there’s growth. The latter is the kind found at Cognizant Technology Solutions, where Karen McLoughlin recently wrapped up her first year in her first CFO job.When McLoughlin first came to work at the technology-services provider 10 years ago, it was not quite a $400 million c...
By David McCann • Feb. 27, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO: Most Dangerous Job in Corporate America
You know the stories well: fat-cat executives caught with their hand in the cookie jar. The prosecution of executives — CFOs in particular — for their role in fraud, insider trading, and securities or other regulatory violations is nothing new.Less well known is the growing number of prosecutions...
By John J. Carney and Francesca M. Harker • Feb. 26, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Finance and HR: Strangers in Each Others’ Lands
Robert Heinlein’s Hugo Award–winning 1962 novel Stranger in a Strange Land features a character called Valentine Michael Smith, the son of astronauts from the first expedition to Mars. After being born and raised in the culture of the Martians, a second expedition 20 years later brings Smith to E...
By John Boudreau • Feb. 25, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending February 22
Daniel Malzahn has been promoted to the top finance spot at homebuilder and mortgage-banking company NVR Inc. He takes over from Dennis Sereme, who has retired. Malzahn has worked at the firm since 1994, most recently as vice president of business planning and investor relations.Medical and surgi...
By Joan Urdang • Feb. 22, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
“It Was the Craziest Thing I’ve Ever Experienced”
This is the second article in a three-part series profiling Carol Sawdye, recently named CFO at PricewaterhouseCoopers. Part 1 focuses on her move 12 years ago from PwC to become finance chief at Skadden Arps Slate Meagher & Flom, the world’s biggest law firm. Part 3 examines her new role at ...
By David McCann • Feb. 21, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
“I Couldn’t Think of Anything I Would Like to Do Less”
This is the first article in a three-part series chronicling Carol Sawdye’s round trip from PricewaterhouseCoopers partner to CFO jobs with the world’s biggest law firm, a major sports league, and, in a homecoming, the accounting firm itself. Without really knowing it, Carol Sawdye found herself ...
By David McCann • Feb. 20, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Managing IT Is a Conflict of Interest for CFOs
The number of information technology leaders reporting to the CFO has increased, rising from 42% in 2011 to 45% in 2012, according to a Gartner study. That compares with 31% who report to the chief executive officer and 9% who report to the chief operating officer. Despite the trend for more and ...
By Andreas Ludwig • Feb. 19, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Don’t Curse the Chit-Chat; Host the Conversation
Would you like to reduce the time your employees spend on Facebook, Twitter, LinkedIn, and other social-networking sites instead of doing their job?Try building your own social network.CFO recently reported that the question of social networking is one of the most discussed topics in company boar...
By Taylor Provost • Feb. 15, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending February 15
Prudential Financial Inc. has promoted Robert Falzon to lead the finance function, effective March 4. He will replace Rich Carbone, who is retiring as CFO after 16 years. Falzon is currently treasurer of the firm, a post he has held since 2009.Asset manager BlackRock Inc. has named Gary Shedlin, ...
By Joan Urdang • Feb. 14, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Six Social-Media Skills Every Leader Needs
Few domains in business and society have been untouched by the emerging social-media revolution—one that is not even a decade old. Many organizations have been responding to that new reality, realizing the power and the potential of this technology for corporate life: wikis enable more efficient ...
By Sylvain Newton and Roland Deiser • Feb. 11, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
AIG: America’s Improved Giant
Americans are often asked by politicians if they are better off now than they were four years ago. Anyone involved with American International Group (AIG), an insurance company felled by the financial crisis, can safely answer “yes” to that question. In just four years it has freed itself from a ...
By Economist Staff • Feb. 11, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
More CFOs Should Be CEOs: Corporate Execs
If you’re a CFO who thinks you’d make a fine CEO one day, you’re not alone — in two senses. Yes, we know, a lot of finance chiefs think they deserve to run the show. But did you know that executives throughout your organization probably think so, too?In a survey performed exclusively for CFO by ...
By David McCann • Feb. 8, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Finance Training Spawns Cash for Big Manufacturer
Companies typically look at training programs as a trade-off: employees are not being productive in their real job during the training, but they’re learning skills that will enhance productivity later.But at least one large company, Fortune 500 manufacturer Stanley Black & Decker (SBD), gener...
By David McCann • Feb. 8, 2013
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