Human Capital: Page 53
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending May 4
As part of an organizational change, Hyatt Hotels Corp. has announced that finance chief Harmit Singh will leave that position on August 15 and will continue in his job as executive vice president through December 31, when he will leave the company. Gebhard Rainer, managing director, Europe/Afric...
By Joan Urdang • May 3, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Easing the Pain of Defined-Benefit Pension Plans
Defined-benefit pension plan sponsors mostly worry about asset allocation in the context of expected returns, but it’s the volatility of returns, relative to the liabilities, that has been causing the real pain. Volatile investment returns, particularly those that are not significantly correlated...
By Kimberlee Lisella • May 2, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Outcry over Proposed Human Capital Metrics Disclosure
The Society for Human Resource Management’s proposed standard for what companies should disclose about their human capital is not a big hit with CFOs and is getting mixed reviews from equity analysts.The SHRM and others are concerned that the absence of publicly disclosed human-capital metrics ha...
By David McCann • May 1, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Does Finance Play Second Fiddle to HR?
My last column noted that CFOs report spending less time on being a strategic partner than do human-resources (HR) leaders. Because that was a surprising research result, I then posed the question of whether CFOs are actually less involved in strategic partnership, or perhaps finance and HR profe...
By John Boudreau • April 30, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Breaking Strategic Inertia: Tips from Two Leaders
Frameworks abound for developing corporate strategy. But there’s no textbook or theory that explains how to deliver on that strategy by shifting capital, talent, and other scarce resources from one part of a business to another. One reason is that the moves each organization must make at any poin...
By Stephen Hall and Dan Lovallo • April 30, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Medical Claims Dip Boosts Humana’s Q1 Results
A lower-than-expected number of medical claims by corporate buyers of Humana’s health-insurance policies sold to employers contributed to the company’s healthy numbers for the first quarter.“Although we expect a gradual uptick in utilization at some point, we did not experience an increase in the...
By Sarah Johnson • April 30, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending April 27
JetBlue Airways has named Mark Powers to lead the finance function. He had been interim CFO since October.Jerry Elliott will take over the top finance spot at Leap Wireless International Inc., effective May 1. The owner of Jerry Elliott Interests LLC, he is a former CFO of The Weather Channel, Fr...
By Joan Urdang • April 26, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
FP&A Peril: 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 • April 23, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How CFOs Can Stem Turnover
For some time now, it has been predicted that companies can expect high voluntary employee turnover when the economy starts to recover. The hardest hit could be companies whose employees have become unmotivated, unattached, and disengaged during the downturn.Corporate talent programs are falling ...
By James Quigley • April 20, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending April 20
United Continental Holdings Inc. has promoted John Rainey to become its next CFO. He takes over from Zane Rowe, who is leaving the company. Previously, Rainey was senior vice president of financial planning and analysis at United; before that, he was vice president of financial planning and analy...
By Joan Urdang • April 20, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Hospital CFOs Dig In for a Tough Fight
As the fate of health-care reform is batted about behind the closed doors of the Supreme Court, stakeholders continue preparing for a future that may feature widespread compliance with many provisions of the law — even if the High Court substantially depletes it or Congress later repeals it.Among...
By David McCann • April 19, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Apologizing for Bad News? Be Careful with the Video
Two years ago this week, on April 20, 2010, BP’s Deepwater Horizon drilling rig exploded, killing 11 workers and spilling millions of gallons of oil into the Gulf of Mexico. On June 3, 2010, BP chief executive Tony Hayward went on YouTube, promising to “make this right.” By the end of July, Haywa...
By David Rosenbaum • April 16, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
For CFOs, There’s No Place Like Home
The turnover rate among large-company CFOs ticked up slightly in 2011 but remained well below its 2008 peak, according to research by recruiting firm Heidrick & Struggles.Turnover, which Heidrick defines as the number of positions that open up during the year, tends to be higher among finance...
By David McCann • April 15, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
We Will Survive
In 1958, the average length of time a company remained on the S&P 500 was 57 years. Twenty-five years later it had dropped to 30 years, and 25 years after that it had fallen to just 18 years.Clearly, it is becoming more difficult to survive in American business. In February alone, more than 5...
By Scott Leibs • April 15, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How to Direct a Risk Team
Ten years after the Sarbanes-Oxley Act highlighted the need for better corporate risk management, many experts say that companies’ misguided efforts to do so actually poses a new kind of risk.The main problem, they argue, is that companies are not defining risk in the right way. They pay too much...
By Alix Stuart • April 15, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Going for the Green
Jeff Richard is not in the office today, but that doesn’t mean he’s not at work. The 44-year-old CFO of Safety-Kleen Systems, a $1.3 billion, privately held “re-refiner” of oil and provider of environmental services, is a guy who likes to get out in the field. He’s not opposed to riding in the tr...
By Scott Leibs • April 15, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Goal-Oriented
Name: Martha FullerPosition: CFO, Tampa Bay LightningPrevious Positions: EVP and CFO at Microsoft co-founder Paul Allen’s Vulcan Sports & Entertainment/Vulcan Inc.; director of planning and economic development for the City of St. Paul, Minnesota; auditor and consultant with Arthur AndersenNo...
By Marielle Segarra • April 15, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
A Portrait of the CFO as a Game Player
CFO Dennis Durkin says he’s fortunate to be in “one of the most fun businesses there is.” Of course, even finance chiefs who work in staid businesses like insurance are known to say such things. But with Durkin, it rings true.One month into his new job at entertainment company Activision Blizzard...
By David McCann • April 12, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending April 13
Michael Dastugue is leaving his post as finance chief at J.C. Penney Co. COO Michael Kramer will become interim CFO while a search for Dastugue’s permanent replacement is under way.SunAmerica Financial Group has named Mary Jane Fortin to head finance. A former CFO of American General Life Cos., s...
By Joan Urdang • April 12, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Company Hit for $35 Million in 401(k) Fee Case
In the first class action over 401(k) fees to be tried and decided on its merits, a Missouri federal district court ruled on March 31 that manufacturer ABB Inc. breached its Employee Retirement Income Security Act (ERISA) fiduciary duties. The court’s opinion is a must read for all plan sponsors ...
By Jeff Mamorsky • April 11, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Five Ways to Fix Your High-Value Jerks
Talented jerks. Every organization has them. They’re knowledgeable and relentless. They’re the “go-to” resource whenever there’s a crisis or an important project. They get things done but they leave bruises by micromanaging and intimidating their colleagues and reports.You hate their behavior, bu...
By Susan Cramm • April 9, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending April 6
Contracting-services firm Quanta Services Inc. has promoted Derrick Jensen to lead the finance function, effective next month. He takes over from James Haddox, who will become executive vice president. Jensen, who is currently senior vice president-finance and administration and chief accounting ...
By Joan Urdang • April 5, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Women CFOs Earn $215,000 Less
Hopes for bridging the gender gap in compensation for finance executives are still not close to being realized, at least in the profession’s top echelon. A comprehensive study of CFO pay at public companies in 2011 reports that male finance chiefs earned, on average, 16.3% more than their female ...
By David McCann • April 3, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Word to the Wise: Staff Up to Keep Up
With the unemployment rate dropping and companies shifting their focus from survival to growth, those that don’t act soon to invest in human capital may give their competitors an edge.Most companies are still leery of hiring big numbers of new employees. But depending on the industry, enough are ...
By David McCann • April 2, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending March 30
Building-products manufacturer and distributor USG Corp. has named Matthew Hilzinger to the top finance spot, effective May 1. He replaces Richard Fleming, who will stay on as executive vice president until he retires later in the year. A former CFO of Exelon Corp., most recently Hilzinger was ch...
By Joan Urdang • March 29, 2012
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