Human Capital: Page 45
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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.
How to Cut $8 Million in Labor Costs
Alegent Creighton Health, a large medical organization with over 100 sites of service — hospitals, clinics, and offices — spread across Nebraska and southwest Iowa, employs 10,000 doctors, nurses, technicians, and other caregivers. Until relatively recently, each Alegent Creighton Health facility...
By Taylor Provost • Feb. 7, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Leaping Ahead
Name: Ray Arthur Position: CFO of LeapFrog Enterprises, an educational toy and entertainment company Previous Positions: EVP and CFO at The Pep Boys — Manny, Moe, & Jack; EVP and CFO at Toys “R” Us; president of Toysrus.com; VP and corporate controller at General Signal; AVP compliance at Ame...
By Marielle Segarra • Feb. 7, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Weighty Delusion Could Hike Health Costs
There’s no question that a healthy workforce is more productive and cheaper than a less healthy one. But employees’ unrealistic self-appraisals may hinder employers’ efforts to nudge them toward healthy behaviors, a new survey suggests.Among nearly 2,900 employees at a wide range of companies wit...
By David McCann • Feb. 7, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
In the Fast Lane at GM
Arriving in Boston last November, the day before the election, Daniel Ammann has places to go, people to see. The first stop for the senior vice president and CFO of General Motors is Fidelity Investments, which is both an investor and the administrator of GM’s U.S. pension and benefit plans. “We...
By Edward Teach • Feb. 7, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Feds Shake Up Private Health-Exchange Market
The Health and Human Services, Labor, and Treasury departments put the kibosh on some uses of health reimbursement arrangements (HRAs) for active employees, under Affordable Care Act (ACA) guidance they jointly issued in late January.Employers establish and fund HRAs for various purposes, often t...
By David McCann • Feb. 7, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Operations Take Center Stage
When asked, most CFOs will tell you they are involved in operations. But often such involvement is like having a second, lower-paying job: they feel they can’t afford to divert too much focus away from their top breadwinner.Some finance chiefs see things differently, however. Jeff Richard, for ex...
By David McCann • Feb. 7, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Situation Under Control
After two fat years following the recession, Johnson Controls fell on lean times in fiscal 2012. Thanks in part to the impact of foreign exchange, growth tailed off sharply, to 2.7% from 19% and 20.4% in 2011 and 2010, respectively. Still, the Fortune 100 multinational, with businesses in auto pa...
By David McCann • Feb. 7, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Auto Pilots
In Detroit’s long-running feud between car guys and finance guys, the finance guys are seemingly winning at General Motors. CEO Daniel Akerson’s previous job was at The Carlyle Group, a private-equity firm, and he was once CFO of MCI. He has no prior auto-industry experience (though he has run te...
By Edward Teach • Feb. 7, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Six Finance Jobs Ripe for Hiring in 2013
What finance positions in the financial-services industry will be hot in 2013? While economic and political uncertainty held back job growth in 2012, this year hiring activity is expected to be strong in six areas in particular, according to a new report from executive-recruiting firm CTPartners....
By David McCann • Feb. 5, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Insured and the Unsure
“If you like your health-care plan, you can keep your health-care plan.” That was what Barack Obama promised, time and again, to voters nervous about his plans to shake up America’s health-care system. It was an empty promise, a bit like saying: “If you like your husband, I promise he won’t divor...
By Economist Staff • Feb. 4, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending February 1
Dave Evans has resigned as finance chief of The Scotts Miracle-Gro Co. Evans, who will stay on at the company through its first-quarter filing in February, joined the firm in 1993 and was named CFO in 2006.William Keitel plans to retire from the top finance spot at Qualcomm Inc., effective March ...
By Joan Urdang • Feb. 1, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Will “Chinese HR” Hamper U.S. Companies?
The February issue of Foreign Affairs predicts that China’s economy will surpass that of the United States by 2030, and that China may then be the dominant global superpower. The likely rate and level of Chinese “dominance” can be debated, but as the Chinese management and education systems evolv...
By John Boudreau • Feb. 1, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Private Exchange Market Gets New Power Player
The emerging field of private health-insurance exchanges through which companies can provide employee health benefits grew by one potentially significant player on Thursday.Extend Health, which consulting firm Towers Watson purchased in 2012 and is the largest competitor in a crowded field of exc...
By David McCann • Feb. 1, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Economics of Sports Insurance: Claim Game
When Alex Rodríguez, baseball’s highest-paid player, announced last month that he needed hip surgery, it wasn’t just the New York Yankees that groaned. The biggest share of the resulting financial pain may well be felt by Team Scotti, the lead insurer on his ten-year, $275m contract. If Mr Rodríg...
By Economist Staff • Jan. 25, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending January 25
Jason Cagle has been promoted to the top finance spot at United Surgical Partners International, effective after the company files its 2012 annual report. He will take over from Mark Kopser, who was appointed CEO of the firm’s European business when it was spun off in April. Cagle is now general ...
By Joan Urdang • Jan. 25, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Why You Should Mentor Young Recruits
Early into my first job, I believed people followed the money and stayed with a company for that reason alone. I was wrong. Many things influence the decision to stay or leave, but I believe the strongest reason is relationships with people there. It was the time and effort my mentors spent shari...
By Steven Sterin • Jan. 24, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Health Care: Making the Macro Decisions
First, let’s make one thing clear: consultants are almost always angling. In their public comments, anyway, they tend to heavily emphasize stuff that behooves their business interests and downplay or ignore everything else.But that’s not the same as lying. And there are certain consultants I’ve i...
By David McCann • Jan. 24, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Can Collaboration Deliver Success?
LONDON — If the old way of doing business was two-sided rivalry, us-versus-them, win-lose, debit-credit, then about 90% of global decision-makers in business, government, and nongovernmental organizations (NGOs) now say the future depends more on collaboration if we are to see significant global ...
By Andrew Sawers • Jan. 23, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Board Takeaways for 2013
As a CFO, you’re probably not a member of the company’s board. But you might as well be. You attend the greater portion of most board meetings and are asked for a lot of input.But are you always fully prepared? After all, a new hot item may pique the board’s interest at any time. “If you’re caugh...
By David McCann • Jan. 22, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Four Tips for Managing the CIO-CMO Relationship
Years ago, when marketing was filled with creative types who spent money but could not point to how that money produced an ROI, the chief information officer, with the CFO’s tacit agreement, could put marketing projects on the back burner. Why prioritize an IT investment that would not yield tang...
By Martha Heller • Jan. 22, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How to Stop Wasting Your Human Capital
At most organizations, human capital is woefully underutilized. In the aggregate, that mismanagement leaves billions of dollars on the table in expenses that could have been saved and lost profits that could have been reinvested. In short, our return on people (ROP) is second rate. There are thre...
By Jac Fitz-enz • Jan. 18, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending January 18
Carpenter Technology Corp. has named Tony Thene to lead the finance function, effective January 31. He succeeds K. Douglas Ralph, who announced last September that he would leave the firm. Thene now heads finance for the engineered products and solutions business at Alcoa Inc.Rex Jackson has been...
By Joan Urdang • Jan. 17, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Bright Side of Bank Robbery
Morgan Stanley’s reported move to defer 100% of 2012 bonuses for high-earning employees is the crescendo of a trend of big banks deferring more pay in recent years.It’s the second straight year of big deferrals at Morgan Stanley, which a year ago held back 75% of bonuses for traders, investment b...
By David McCann • Jan. 16, 2013 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Damn the Profits, Full Speed Ahead
Among young and youngish software companies, the march toward profitability can stretch out like Lewis & Clark’s stroll to the West Coast. The incubation period can actually last a decade or more, even as the “start-up” continues to score new venture funding.Such is the case at Adaptive Plann...
By David McCann • Jan. 14, 2013