Human Capital: Page 50
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Defensive Maneuvers
The defense industry is preparing for leaner times, thanks to deep cuts in military spending. Starting in fiscal 2012, the Budget Control Act of 2011 will reduce the Pentagon’s budget by $487 billion over the next 10 years. That number could more than double because of “sequestration,” a deficit-...
By Edward Teach • Aug. 1, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
More CEOs Go
CFOs looking for a promotion may take heart from the latest annual survey of CEO succession from consultancy Booz & Co. Last year, the percentage of top bosses who departed the world’s 2,500 largest companies rose to 14.2% — that’s 355 CEOs who moved out — from 11.6% in 2010. The improved out...
By Andrew Sawers • Aug. 1, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Retirement: A Recalculated Risk
Even employees who have traditional pensions will be working longer than they planned — and their bosses know it. In a recent survey conducted by CFO Research in collaboration with Prudential Financial, about 70% of senior finance executives said they believe their companies’ employees will be fo...
By Josh Hyatt and David W. Owens • Aug. 1, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Is Your Company Bogged Down with ‘Pet’ Risks?
Even a company that is quite thorough in identifying and mitigating the most important risks it faces may spend valuable resources focusing on minor risks, or even nonrisks. The problem involves what some call “pet risks,” or those identified by company managers who wish to assign a perhaps unjus...
By Caroline McDonald • July 31, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Is This Pay Package Good Enough?
Congratulations. You’ve been offered a new CFO job. But there remains the matter of evaluating the pay package.If it’s a great offer, or if it’s a poor one, you can probably decide fairly easily whether you should take it, assuming you’re comfortable with your future colleagues and the new compan...
By David McCann • July 30, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending July 27
David Turner has been named CFO of KPMG LLP, effective August 1. He takes over from Larry Laughman, who is retiring. Previously, Turner was an executive vice president at Thomson Reuters.MetLife Inc. has appointed John Hele to the top finance spot, effective September 4. He is a former CFO and tr...
By Joan Urdang • July 27, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Snapshot: Erie Insurance’s Marcia Dall
Name: Marcia DallTitle: CFOCompany: Erie InsuranceWhat was your most important career decision?One of the most important earlier career decisions was to join the corporate audit staff at GE. It was such a great training ground, seeing so many different businesses in such a short time frame. You f...
By Kate O'Sullivan • July 25, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Quick Take: BlackRock CFO Ann Marie Petach
Name: Ann Marie PetachTitle: CFOCompany: BlackRockLooking back, what was the most important career decision you made?Continuously being willing to take new and different assignments — it helps you to learn and keeps the job fun and interesting. I have been fortunate to work in the U.S., Brazil, a...
By Kate O'Sullivan • July 25, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Quick Take: Gilead Sciences CFO Robin Washington
Name: Robin WashingtonTitle: CFOCompany: Gilead SciencesWhat is your best piece of advice for aspiring CFOs?My best advice for aspiring CFOs would be to take on challenging assignments that take you out of your comfort zone and give you a diverse set of experiences. Consider assignments that give...
By Kate O'Sullivan • July 25, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Snapshot: Kelly Services’s Patricia Little
Name: Patricia LittleTitle: CFOCompany: Kelly Services Inc.When did you know you wanted to be a CFO? When did you start to actively pursue that path?I started to think about and then pursue the CFO track at the midpoint of my career. I decided to broaden my experience base in order to have all th...
By Kate O'Sullivan • July 25, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Snapshot: Hertz’s Elyse Douglas
Name: Elyse DouglasTitle: CFOCompany: The Hertz Corp.When did you know you wanted to be a CFO? When did you start to actively pursue that path?Essentially, when I was approached by Hertz CEO Mark Frissora about being the company’s CFO is when I seriously began to consider the position and taking ...
By Kate O'Sullivan • July 24, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Snapshot: Steel Dynamics’s Theresa Wagler
Name: Theresa WaglerTitle: CFOCompany: Steel DynamicsWhat has been your most important career decision?I’ve been incredibly blessed. I had come out of public accounting and did a short stint at a financial institution — not anything I was enjoying — and I was on my way to Chicago to work for an i...
By Kate O'Sullivan • July 24, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Snapshot: TIAA-CREF’s Gina Wilson
Name: Gina WilsonTitle: CFOCompany: TIAA-CREFWhen did you know you wanted to be a CFO? When did you start to actively pursue that path?After two stints as controller — at Transamerica Life Cos. and MetLife — I wanted broader vistas and more exposure to business operations, and ultimately responde...
By Kate O'Sullivan • July 24, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Snapshot: PSEG’s Caroline Dorsa
Name: Caroline DorsaTitle: CFOCompany: PSEGWhat path did you take to the CFO seat at PSEG?I joined Merck in 1987. I was in finance for 18 of the 21 years I was there. I started in finance, stayed 5 years, spent 2 years in marketing finance, then went into the treasurer’s role and stayed in that r...
By Kate O'Sullivan • July 24, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Snapshot: Marathon Oil’s Janet Clark
Name: Janet ClarkTitle: CFOCompany: Marathon OilWhat is your best piece of advice for aspiring CFOs?It’s critical for aspiring CFOs to have a deep, fundamental understanding of their business and industry. This entails thinking broadly, studying industry peers and what drives success at other com...
By Kate O'Sullivan • July 23, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Snapshot: Aon’s Christa Davies
Name: Christa DaviesTitle: CFOCompany: AonWhen did you know you wanted to be a CFO? When did you start to pursue that path?When I was young, I was always intrigued by math and physics because I saw them as tools in logically solving problems. I majored in mechanical engineering with a specializat...
By Kate O'Sullivan • July 23, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Snapshot: Accenture’s Pamela Craig
Name: Pamela CraigTitle: CFOCompany: AccentureWhat is your best piece of advice for aspiring CFOs?Be very curious about all that is happening in the global economy and your industry, all the way through to your organization, including the people in it. This helps build a mind set that the work yo...
By Kate O'Sullivan • July 23, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Snapshot: Fannie Mae’s Susan McFarland
Name: Susan McFarlandTitle: CFOCompany: Fannie MaeTo see a video of Susan McFarland discussing her approach to developing finance talent, click here.When did you know you wanted to be a CFO? When did you start to actively pursue that path?It’s certainly not something I would have anticipated when...
By Kate O'Sullivan • July 23, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Drug-Benefits War Heats Up
Three months after the Federal Trade Commission finally approved the merger of Express Scripts and Medco, the country’s two largest pharmacy benefits managers, another PBM combination this month made fewer headlines and will affect fewer health-plan sponsors.Everything is relative, though. While ...
By David McCann • July 23, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Snapshot: Surviving the WorldCom Meltdown
Name: Victoria HarkerTitle: CFOCompany: GannettWhen did you know you wanted to be a CFO? When did you start to actively pursue that path?I didn’t. I had been developed through a wide array of management-training rotations at MCI (IT, network engineering, and marketing operations, as well as finan...
By Kate O'Sullivan • July 23, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending July 20
Tracey Travis announced her resignation from Ralph Lauren Corp. earlier this week to pursue other interests. Those interests became apparent when Estee Lauder Cos. named Travis as its new financial chief. She replaces retiring finance head Richard Kunes.Glassware manufacturer Libbey Inc. has anno...
By Bonnie Evans • July 20, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Wins Six Publishing Awards
CFO took six American Society of Business Publication Editors Northeast Regional Awards at a banquet in New York City last night. Five of the awards were for design, specifically honoring Robert Lesser, CFO’s art/design director.Lesser received two gold, two silver, and one bronze award for graph...
By CFO Editorial Staff • July 19, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Walgreen, Express Scripts End War
The bitter pricing clash between Walgreen, the country’s largest pharmacy, and Express Scripts, now the largest pharmacy benefits manager (PBM) following its acquisition of Medco this year, ended with Walgreen capitulating, an industry analyst tells CFO. And one likely result, he says, will be a ...
By David McCann • July 19, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
GM Plucks CFO from Rival for Europe Post
The next CFO of General Motors’s loss-making European business, Opel, will be Michael Lohscheller, a German native who for the past four years has headed finance at Volkswagen Group of America.Lohscheller’s appointment is part of a management shakeup that comes a week after Karl-Friedrich Stracke...
By Andrew Sawers • July 18, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Managing the Strategy Journey
Back in 2009, as the senior-management teams at many companies were just beginning to emerge from the bunkers to which they’d retreated during the peak of the financial crisis, McKinsey Quarterly wrote an article whose premise was that pervasive, ongoing uncertainty meant companies needed to get ...
By Lowell Bryan and Chris Bradley • July 18, 2012
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