Human Capital: Page 54
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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.
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.
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.
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.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Less Offshoring Won’t Mean More Onshoring, Experts Say
U.S. and European-based companies will soon begin to offshore fewer business-services jobs to India, China, and other regions. Why? Not because they’re keeping those jobs onshore, as many hope, researchers at The Hackett Group, a global strategic business advisory firm, predict.By 2016, U.S. and...
By Marielle Segarra • March 27, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Do Your HR Leaders Spend Enough Time on Strategic Partnership?
Human-resources professionals often lament that they spend too little time acting as strategic partners in their organizations. But many observers have noted that the corporate appetite for HR to fill a strategic role is not the only factor. Rather, they argue, HR people themselves are devoting t...
By John Boudreau • March 27, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending March 23
Gordon Brothers Group has named John Kelliher to head finance. He succeeds Robert Paglia, who was appointed chief operating officer at the advisory, investment, and restructuring company last summer. Most recently, Kelliher was CFO of Twin Rivers Technologies Holdings Inc.Charles Boynton has been...
By Joan Urdang • March 22, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Houston, You May Have a Problem
If you’re a CFO in Houston and need to fill out your accounting staff, you may have a problem. Houston is the best city in the country for accounting and finance professionals, from accounts-payable clerks up through senior accounting managers, to find work, because of the plentiful supply of ope...
By David McCann • March 21, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Is New Barnes & Noble CFO Heading from Frying Pan to Fire?
Michael Huseby, who resigned his seven-year CFO post at Cablevision Systems last June, has landed in another finance hot seat, at transformation-minded bookseller Barnes & Noble.Huseby took over on March 13 from interim CFO Allen Lindstrom, who took the post when previous finance chief Joseph...
By David McCann • March 20, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
DoL Gets Tough on Retirement-Plan Enforcement
The Department of Labor’s Employee Benefits Security Administration (EBSA) has significantly raised its enforcement efforts against plan advisers and sponsors. In 2011 the EBSA closed 3,472 civil cases that brought in nearly $1.39 billion. It also closed 302 criminal cases that resulted in 129 in...
By Jeff Mamorsky • March 19, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Health Reform Throws Finance, HR into Same Foxhole
Health-care reform has been a catalyst for bringing finance and human-resources together to analyze potential effects on the organization. There are uncertainties around reform, such as whether the Supreme Court will uphold the individual mandate and how this fall’s elections will turn out, but t...
By David McCann • March 15, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending March 16
Barnes & Noble Inc. has named Michael Huseby to lead the finance function. Formerly, he was CFO of Cablevision Systems Corp.Investment-management company Eaton Vance Corp. has promoted Laurie Hylton to the top finance spot. She takes over from Robert Whelan, who has resigned. Hylton had been ...
By Joan Urdang • March 15, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Is My Overseas Supplier Protecting Children or Exploiting Them?
Reports of dreadful working conditions at FoxConn. Claims that cotton suppliers of Victoria’s Secret employ children. A new California law will force more than 3,000 manufacturers and retail chains to report on efforts to keep human trafficking and slave labor out of global supply chains.The issu...
By Vincent Ryan • March 15, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Crocs’ Success Is No Crock
Crocs, the company that makes the shoes on which almost everyone has an opinion, passed a milestone in 2011 by squeaking past the $1 billion revenue mark, according to the firm’s annual report filed last month. To CFO Jeff Lasher, the achievement was most definitely part of a journey, not a desti...
By Vincent Ryan and David McCann • March 13, 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.Perhaps counterintuitively, turnover among finance chiefs tends to be higher when the economy is performing well. In 2008,...
By David McCann • March 9, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Want Health-care Reform to Go Away? Don’t Hold Your Breath
No matter what corporations are doing — or not yet doing — to get ready for new health-care reform provisions scheduled to take effect from 2014 through 2018, the fate of the law hinges on an upcoming Supreme Court ruling and this fall’s general election.CFOs’ interest in how those events will in...
By David McCann • March 8, 2012
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