Human Capital: Page 51
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
New Threat to Personal Use of Corporate Jets?
Determining how to report perquisites has long been a bedeviling matter for public companies. It is not uncommon that more time is spent figuring out how to report perquisites than addressing any other matter on the summary compensation table.Even though “perks” are a relatively small portion of ...
By Andrew Liazos • July 17, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Business Apps Software Co. Fills CFO Slot
Progress Software Corp., a Bedford, Massachusetts-based business-software company, named Melissa Cruz to serve as its CFO and senior vice president, finance and administration, effective today. She fills a position that has been open since Charles Wagner, the previous CFO, left the company at the...
By CFO Editorial Staff • July 16, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending July 13
Federal Realty Investment Trust has named James Taylor to lead the finance function, effective August 15. He replaces Andrew Blocher, who is expected to stay on at the trust through next February. Previously, Taylor was senior managing director and head of real estate investment banking at Eastdi...
By Joan Urdang • July 13, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Ahold CFO Dances as Fast as She Can
Paula Price isn’t afraid of learning something new. The previous job for the CFO of $25 billion grocery-store company Ahold USA was controller and chief accounting officer for another retailer, but one in a much different niche: pharmacy chain CVS Caremark. Before that, she was finance chief for ...
By David McCann • July 13, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs Outpace CEOs on Pay Hikes
CFOs at large companies enjoyed greater compensation increases than their bosses for a second consecutive year in 2011, though the hikes were minuscule compared with the huge gains reaped the previous year, according to an analysis by Compensation Advisory Partners.The review included the 64 publ...
By David McCann • July 10, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Conference Board Sees Flat Summer Hiring
The Conference Board Employment Trends Index (ETI) dipped to 107.47 in June, down from the revised figure of 108.23 in May. The June figure, though, is 5.6% higher than it was a year ago.“The Employment Trends Index has been flat since February, suggesting that slow employment growth is likely to...
By CFO Editorial Staff • July 9, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Court Decision on Health Care to Trigger Compliance Frenzy
Now that the Affordable Care Act (ACA) has survived its constitutional challenge, companies will markedly ramp up the implementation of its provisions in the coming months.Significant regulations will continue to be issued, including those related to employers’ “pay or play” decision (i.e., wheth...
By Jeff Mamorsky • July 6, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending July 6
Finance chief Artie Minson Jr. has been promoted to chief operating officer at AOL. A search for his successor is under way, and Minson will remain CFO until the post is filled.Arthur Koch is resigning as CFO and executive vice president, finance, at specialty pharmaceutical firm Impax Laboratori...
By Joan Urdang • July 5, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending June 29
Clearwater Paper Corp. has named John Hertz CFO and senior vice president, finance, effective August 6. He succeeds interim CFO Jonathan Hunter, who will return to his post as controller. Formerly, Hertz was CFO of Novellus Systems Inc.Michael Bauer has been promoted to lead the finance function ...
By Joan Urdang • June 28, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Should You Be on a Board?
If you’re a CFO and think you might want to serve on a board of directors at another company, the first thing you should know is that the odds are stacked against you. Collectively, the 669 CFOs of Fortune 500 and S&P 500 companies — presumably the finance chiefs most appealing as board membe...
By David McCann • June 27, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Perched on a Precipice
The 2010 Patient Protection and Affordable Care Act, the centerpiece legislation of the Obama Administration, is vulnerable to dismantlement. Now in the hands of the U.S. Supreme Court, which is exploring the constitutionality of the law’s “individual mandate” requiring U.S. residents to purchase...
By Russ Banham • June 25, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Can You ‘Day Trade’ Talent to Hedge Risk?
A VUCA (volatile, unpredictable, complex, and ambiguous) environment will be the norm for the foreseeable future. That poses an interesting comparison between the way organizations hedge financial risk and how they might use human capital as a hedge.A diverse portfolio of investments includes som...
By John Boudreau • June 25, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending June 22
Steven Kober has been promoted to CFO at Sony Corporation of America, effective June 27. He takes over from Robert Wiesenthal, who has been promoted to president, international at Sony/ATV Music Publishing. Kober, who joined the company in 1989, is now senior vice president, finance.Gannett Co. h...
By Joan Urdang • June 21, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Good Financial Analysts Are Made, Not Born
CFOs who are looking to expand their roster of financial analysts, and not finding as many high-quality ones as they want, perhaps should assign some of the blame to themselves.Rather than simply seek top talent, companies should also impose “rules of engagement” on those they hire that are likel...
By David McCann • June 20, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Why Strategy Plays Second Fiddle for Finance Chiefs
On the seemingly endless list of skills and traits that synthesize into an effective finance chief, a case can be made that one stands out for its potential to make or break a career: solid prioritization. A sizable part of that je ne sais quoi we call “vision” could be described as a sense of wh...
By David McCann • June 19, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Green Is the New Lean
Before Jeff Piccolomini joined Henkel Corp. in 1997, he was dubious about corporate efforts to address environmental concerns — a “typical skeptical CFO,” as he puts it. A CPA by training and a longtime finance executive, Piccolomini wasn’t accustomed to dealing with the kind of green goals that ...
By Alix Stuart • June 15, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
When the Boomers Go
Thanks to its sheer size, the baby-boom generation has had an enormous impact on society and the economy at every stage of its development. The present time is no exception, as Americans born between 1946 and 1964, currently accounting for one-third of the workforce, begin to enter their golden y...
By Russ Banham • June 15, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Knowledge by Degree
Your article “Too Much Data, Too Little Judgment” (May) reminds me of the times in my career when I was responsible for hiring people for financial analysis and planning positions.On the one hand, I found that people, especially those with CPAs and public accounting backgrounds, had a hard time d...
By CFO Readers • June 15, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending June 15
Finance chief Neil Moses has been appointed chief global strategy officer at Dunkin’ Brands Group, parent company of Dunkin’ Donuts and Baskin-Robbins. Paul Carbone, vice president, finance and strategy, will take over as CFO.ENGlobal Corp. has announced the resignation of CFO John Beall. A searc...
By Joan Urdang • June 15, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Oldies but Goodies
If you believe that people are your greatest assets, as the old cliché goes, then you need to read “When the Boomers Go,” by contributing editor Russ Banham. The leading edge of the baby-boom generation reached age 65 last year, and the retirement of that enormous cohort is just beginning. When t...
By Edward Teach • June 15, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Beware this Threat to Exec-Comp Tax Deductions
It is well known that the Patient Protection and Affordable Care Act (PPACA, or the federal health-care reform law) significantly limits the ability of health-insurance companies to deduct payment of compensation beginning in 2013. What is not so well known is that the Internal Revenue Service mi...
By Andrew Liazos • June 14, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
When Is a Group Not a Group?
Last summer we reported in this space that Department of Labor representatives had said at a conference that a multiple-employer 401(k) plan (MEP) may not satisfy the requirements of ERISA if there is not a sufficient “connection” between the plan sponsor and the other participating employers. Th...
By Jeff Mamorsky • June 13, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Five Big Ways Your ERP Can Go Wrong
Last year a midmarket medical-supply company asked my firm to recruit a new CIO. The incumbent had done a wonderful job in her two years in the post, the CFO told me, but, sadly, she was retiring. Earlier in the year, this CIO had launched a single-instance, global enterprise-resource planning ...
By Martha Heller • June 12, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The CFO in the Corporate Brain
How do you think? How do you decide? One man who has a few ideas is Nobel Prize–winning economist Daniel Kahneman, author of the best-selling book Thinking, Fast and Slow, who is said to be the father of behavioral economics. At a recent lecture given at the London School of Economics, he put for...
By Andrew Sawers • June 7, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending June 8
Scientific-instrument provider Bruker named Charles Wagner Jr. to the top finance spot. He replaces William Knight, who will remain a member of the senior management team. Wagner, a member of the board of directors at Bruker since 2010, is a former CFO and executive vice president of finance and ...
By Joan Urdang • June 7, 2012