Human Capital: Page 55
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Williams-Sonoma CFO Surprises Street with Departure
To the surprise of analysts, longtime CFO Sharon McCollam left Williams-Sonoma this week after 12 years with the cookware and house-furnishings retailer. The company made the announcement just hours before its fourth-quarter earnings call in which it reported a profitable quarter and year.McColla...
By Sarah Johnson • March 8, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending March 9
Sharon McCollam has retired as CFO and COO of Williams-Sonoma Inc. Corporate controller and treasurer Julie Whalen has been named acting CFO. Spirit Airlines Inc. has named Edward Christie III to lead the finance function, effective next month. He will take over from David Lancelot, who is leavin...
By Joan Urdang • March 8, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Heads Off to Google for a Secret Mission
Vanessa Wittman, CFO of Marsh & McLennan Cos. since 2008, is bidding for some heightened action with a move to fast-and-furious Google. But just what will she be doing there? So far, it’s a closely kept secret. She’ll be leaving Marsh & McLennan at the end of this month, but her starting ...
By David McCann • March 7, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Companies May Win This Drug War
An epic pricing battle between Walgreen, the nation’s largest drugstore chain, and Express Scripts, among the country’s largest pharmacy benefit managers (PBMs), has narrowed the pharmacy-network options available to thousands of corporate health-plan sponsors. Even as they grapple with the impli...
By David McCann • March 1, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
To Be Continued?
Say this much for disasters: they’re educational. Some, like Y2K, may offer useful lessons in overreaction. Others, like 9/11, may remain largely incomprehensible. But most, from Hurricane Andrew to the crisis surrounding Japan’s Fukushima nuclear plant, have pushed companies to develop better re...
By Yasmin Ghahremani • March 1, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending March 2
The Allstate Corp. has promoted Don Civgin, who has been CFO since 2009, to the post of president, Allstate Financial. He will be succeeded by Steve Shebik, who has been at the company for the past 16 years in a variety of senior financial roles.Paul Jacobson has been promoted to the top finance ...
By Joan Urdang • March 1, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Keeping Cool in the Hot Seat
The CFO’s role has expanded in recent years, perhaps most notably in the area of risk management. Finance chiefs frequently took charge of assessing and guarding against risk during the financial crisis, and as the economy has slowly recovered, few have relinquished the task. More than half of th...
By Kate O'Sullivan • March 1, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Adobe Remolds Itself
When a company claims to be “changing the world through digital experiences,” it had better be prepared to change along with it, and few can argue with Adobe Systems’s history of evolving at Internet speed. Founded 30 years ago with the goal of helping creative professionals render into print wha...
By Scott Leibs • March 1, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Steve Jobs, Reconsidered
I finished reading Walter Isaacson’s biography of Steve Jobs over Christmas break and I can’t stop thinking about it.The book disturbed me. I love Apple products; I wanted to admire Steve Jobs. But I don’t.Great leaders don’t call people names. They don’t treat a person like a prince one day and ...
By Susan Cramm • Feb. 29, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs Will Determine the Future of the CIO
Has any executive position gone under the microscope as often as the CIO’s? Do we read articles on the future of the CFO or COO or the head of HR? Maybe a few, but the CIO’s role has been poked and prodded and manhandled since the early 1980s when the position first came into existence.Perhaps we...
By Martha Heller • Feb. 28, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Human Capital in the Cloud
The world of finance and business is abuzz with the potential for the online “cloud” of computing capabilities and data to fundamentally alter commerce and the rules of competition. Most business leaders are at least evaluating the cloud’s impact on consumer research and data security, as well as...
By John Boudreau • Feb. 27, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending February 24
Jeffrey Vanneste will become head of finance at Lear Corp., effective March 15. Previously at Lear for more than 15 years in various roles including vice president of finance, European operations, Vanneste rejoins the company after serving as CFO of International Automotive Components Group.Chiqu...
By Joan Urdang • Feb. 23, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending February 17
Finance chief Michael DiCandilo has left pharmaceutical-services firm AmerisourceBergen Corp. A search is under way for his replacement; in the meantime, corporate controller Tim Guttman will become acting CFO.Gaming-machine designer and manufacturer International Game Technology has appointed Jo...
By Joan Urdang • Feb. 16, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Hart-Scott-Rodino Act: Not Just about M&A Activity
Many executives are aware that the Hart-Scott-Rodino (HSR) Act may pose barriers to a potential merger or acquisition. Among other things, the HSR Act generally requires a corporation to provide advance written notice to the Federal Trade Commission (FTC) and Department of Justice (DoJ) before bu...
By Andrew Liazos • Feb. 13, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Feds’ 401(k) Annuity Proposals: Baby Steps
Proposed new rules aimed at giving 401(k) plan participants more options to invest in annuities providing a guaranteed lifetime income stream may prompt some plan sponsors to offer such investments. But the proposals laid out jointly by the Labor and Treasury departments on February 2 don’t go ne...
By David McCann • Feb. 10, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending February 10
Sunoco Inc. has promoted CFO Brian MacDonald to the posts of president and CEO, effective March 1. In those roles, he replaces Lynn Elsenhans, who will remain chairman of Sunoco Inc. and Sunoco Logistics Partners LP until the company’s annual meeting in May. MacDonald will replace her in those po...
By Joan Urdang • Feb. 10, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How Leaders Kill Meaning at Work
As a senior executive, you may think you know what Job No. 1 is: developing a killer strategy. In fact, that is only Job 1a. You have a second, equally important task. Call it Job 1b: enabling the ongoing engagement and everyday progress of the people in the trenches of your organization who stri...
By Steven Kramer and Teresa Amabile • Feb. 8, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Switch to Nonprofit Offers CFO Less Pressure, But It’s Still No Vacation
In the second of two articles about CFOs who have made the shift from public companies to not-for profit associations, Bob McLean tells the story of his transition. After a long finance career at both public and private companies, McLean has been CFO of Promotional Products Association Internatio...
By David McCann • Feb. 6, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Out of the Fire, into Nonprofit
Public-company CFOs are on the edge all the time. There is daily, scalding scrutiny from shareholders, Wall Street, banks, customers, the chief executive, the board, their staffs, and even their own consciences. At the same time, many talk about “the rush,” the acute excitement of pulling the str...
By David McCann • Feb. 5, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending February 3
Scott Goldenberg has been promoted to the top finance spot at retailer The TJX Cos. He has been executive vice president, finance, since 2009.ATK, a defense and aerospace firm, has appointed Neal Cohen finance chief, effective February 13. Formerly, he was president and chief operating officer of...
By Joan Urdang • Feb. 2, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Facebook CFO: “Wicked Smart,” But No Ego
Facebook may have revealed a large number of risk factors in Wednesday’s S-1 filing for its initial public offering. But one thing it almost surely won’t have to worry about is its CFO messing up the deal.Those who know David Ebersman, 42, could hardly be more effusive in their praise of his lead...
By David McCann • Feb. 2, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Why You Fired the New Guy
We’ve all been there. When you were looking for, say, a new controller or financial-reporting chief, you did the search the right way and even hired slowly. You took your time, sourced a bunch of candidates, went through a three-stage interview process, and then started over when you decided you ...
By Kris Dunn • Feb. 2, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
HP’s Interesting Times
In its most recent 10-K filing, computer giant Hewlett-Packard lists among its business risks the “development of cloud-based solutions,” which would require the company to “transition to an environment characterized by cloud-based computing and software being delivered as a service.”“Transition”...
By David Rosenbaum • Feb. 1, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
In the Family Way
From childhood, Stew Leonard Jr. was groomed to take over his father’s Connecticut-based dairy and retail grocery business. He started by unloading trucks and stocking shelves and moved into management roles after graduating from college with an accounting degree. After a stint away at business s...
By Alix Stuart • Feb. 1, 2012 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Focus on Business, Not IT
I think David Rosenbaum covers the subject of the CFO-CIO relationship quite well in “CFOs and CIOs: Can We Talk?” (December 2011). History shows the IT function to be far too technology-centric and not business-centric enough. The career path for people in IT is within IT, across enterprises, in...
By CFO Readers • Feb. 1, 2012
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