Human Capital: Page 52
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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.
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.
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.
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.
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.
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.
Got Your Eye on the Top Job?
CFOs looking for a promotion — or who simply can’t bear their CEO — may take pleasure from the latest annual survey of CEO succession from consultancy Booz & Co. Last year the proportion of top bosses who were replaced in the world’s 2,500 biggest companies rose sharply to 14.2% — that’s 355 ...
By Andrew Sawers • June 7, 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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Why We Need More IT Leadership, Not Less
Have you heard the latest? The CFO is the new CIO. In some companies, CFOs are assuming responsibility for IT. These companies have decided that IT development and delivery can be decentralized across the various business units and functions. The CFO, they believe, can provide the necessary c...
By Susan Cramm • June 4, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Chasing Venus: Why CFOs Should Care about People Metrics
Tomorrow, June 5, brings us an event that won’t happen again for more than 100 years: a “transit of Venus,” which occurs when that planet passes directly between the Sun and the Earth, seen as a small disc moving across the image of the Sun. The transits occur in pairs, eight years apart; the las...
By John Boudreau • June 4, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending June 1
Investment-decision support provider MSCI Inc. has named Robert Qutub to head finance, effective after the company files its next Form 10-Q. He succeeds David Obstler, who will leave the company on August 31. Formerly, Qutub was CFO of consumer and business banking at Bank of America.Carlos Macau...
By Joan Urdang • May 31, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Mystery Solved: CFO Lands at Google Mobile Unit
A mystery that’s been wafting about for three months was finally solved this week when Google named Vanessa Wittman CFO of its new mobile-technology division.Wittman announced her impending resignation from Marsh & McLennan Cos. on February 29 and said she’d be moving to Google. But neither s...
By David McCann • May 24, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending May 25
Gregory Macfarlane has been appointed to the top finance spot at H&R Block Inc. He succeeds Jeff Brown, who will become chief accounting and risk officer. Macfarlane is a former CFO of Ceridian Corp.Retailer American Eagle Outfitters Inc. has announced that finance chief Joan Hilson is leavin...
By Joan Urdang • May 24, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Company Could Pay for CFO’s Misguided Tweets
The company that fired its CFO last week over his social-media postings may not have let itself off the hook by doing so. Despite the company’s claim that it was unaware of the finance chief’s activities until May 11, it still may face a Securities and Exchange Commission enforcement action.On at...
By David McCann • May 22, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Top 10 Trends in Executive Job Market
Top corporate executives looking to switch jobs may have a more fruitful market to draw from during the next year, according to ExecuNet, a senior-executive networking group with more than 250,000 members.In ExecuNet’s just-released annual report on the executive job market, which identifies the ...
By David McCann • May 21, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Beware the Tax Traps of Wellness Programs
These days, it seems that every major employer maintains some form of wellness program. The goal of these programs is simple: encourage employees to make healthier lifestyle choices and thereby control health-care costs. But wellness programs confront myriad legal restrictions. Employers are gene...
By Gary Quintiere and Elizabeth Drake • May 21, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending May 18
John Weisenseel has been named finance chief of investment-management company AllianceBernstein LP. He succeeds interim CFO Edward Farrell, who will return to his posts as corporate controller and chief accounting officer. Previously, Weisenseel was CFO of Standard & Poor’s.CSC has named Paul...
By Joan Urdang • May 18, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
What Makes a CFO Great?
What qualities typify excellence in a finance chief?Technical capability? It’s “completely irrelevant,” Ian Tyler, chief executive officer of Balfour Beatty, told an audience of well-qualified CFOs from England and Wales. “That is a commodity that you can buy. I’m not saying that it’s not importa...
By Andrew Sawers • May 18, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Too Much Data, Too Little Judgment
Financial planning and analysis (FP&A) teams that want as much data at their fingertips as possible yet insist on using only “perfect” data in their analyses are unlikely to provide the kind of actionable insight many CFOs seek from those teams, a new report suggests.The desired level of insi...
By David McCann • May 15, 2012
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