Human Capital: Page 58


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    CFOs on the Move: Week Ending November 11

    Echelon Corp. has named Bill Slakey to the top finance spot. He replaces Oliver Stanfield, who is retiring but will remain at the energy control networking firm to aid in the transition. Previously, Slakey was CFO of several public and private companies, including Handspring Inc., Extreme Network...

    By Joan Urdang • Nov. 11, 2011
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    How ‘Good’ Are America’s Biggest Companies?

    Don’t we all want to like and respect our employer? To be treated fairly by companies we do business with? To see companies acting as good stewards of the environment and society?Sure we do. But only relatively recently have people begun to demand that companies excel in those areas and to pay le...

    By Nov. 9, 2011
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    Where Coaching and Mentoring Diverge

    As a football fan, I’ve been thinking this fall about how coaching accounts for much of a team’s performance level. The players’ talent is obviously very important, but good coaches exploit that talent. It’s the same in any sport — and in business.CFOs who act as coaches to their teams have highe...

    By Bud Kulesza • Nov. 7, 2011
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    CFOs on the Move: Week Ending November 4

    Boeing finance chief and corporate president James Bell plans to retire on April 1, 2012. Bell, who has been CFO since 2003 and corporate president since 2008, will be succeeded as CFO by corporate controller and finance vice president Greg Smith, effective February 1.Doug Scovanner, who has been...

    By Joan Urdang • Nov. 4, 2011
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    How to Hire the Perfect Staffer

    Among the multiple hats CFOs wear, “hiring manager” doesn’t always lie at the top of the priority list, transcending fundamental concerns like raising capital and monitoring financial controls. But since finance chiefs will surely interview candidates for key positions on their staffs, and a poor...

    By Nov. 2, 2011
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    Why Your Best Employees Want Out

    Employers don’t seem to understand what drives their most talented employees to bolt, judging from new research by consulting firm Towers Watson.While human-resource professionals at 316 North American organizations identified opportunities for promotion as the top reason that high performers lea...

    By Nov. 1, 2011
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    What Do Your HR Practices Tell Your Employees?

    Can your company’s employees make sense of all those human-resources programs they encounter? Do leaders and managers understand the impact of their human-capital decisions? How well do they communicate the logic and goals of the way employees are paid, developed, retained, and acquired? Does it ...

    By John Boudreau • Oct. 31, 2011
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    CFOs on the Move: Week Ending October 28

    Carol Roberts has been promoted to the top finance spot at International Paper Co. Formerly senior vice president, industrial packaging, she takes over from Tim Nicholls, who will become senior vice president, printing and communications papers, the Americas.Barnes & Noble Inc. has named Alle...

    By Joan Urdang • Oct. 28, 2011
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    People Systems Grow Closer

    Vendors of talent-management software have been touting their supposedly integrated “suites” of applications for years. But they’re finally closing in on a meaningful level of integration, experts in the field say.Most vendors started out with a single application that addressed a particular peop...

    By Oct. 28, 2011
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    The Worst Thing You Can Do to an Employee

    In pinpointing the worst thing you can do to an employee, we’re excluding things that are illegal, unethical, immoral, or unsafe. Otherwise, the worst thing for an employee is obvious to us though perhaps not to others: paying her or him significantly more than a free-market wage.What? The worst ...

    By Polly White and Doug White • Oct. 25, 2011
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    Your Annual Bonus May Not Be Deductible

    It is quite common for corporations to pay bonuses based on calendar-year performance by the following March 15. Great care is taken to pay bonuses before that date so that a corporate tax deduction can be taken in the prior year.Unfortunately, paying by March 15 does not ensure that the bonus is...

    By Andrew Liazos • Oct. 24, 2011
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    CFOs on the Move: Week Ending October 21

    Ed Barnes has resigned as finance chief of JetBlue Airways. Barnes had been at the company since 2006 and was promoted to the top finance spot in 2008. Treasurer Mark Powers will take over as interim CFO until a permanent replacement for Barnes is found.Bank holding company TCF Financial Corp. ha...

    By Joan Urdang • Oct. 21, 2011
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    Changing Companies’ Minds about Women

    Despite significant corporate commitment to the advancement of women’s careers, progress appears to have stalled. The percentage of women on boards and senior-executive teams remains stuck at around 15 percent in many countries, and just 3 percent of Fortune 500 CEOs are women.The last generation...

    By Lareina Yee and Joanna Barsh • Oct. 19, 2011
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    What’s a “Fiduciary”? Keep Fingers Crossed

    A year ago, the Department of Labor proposed an update to Employee Retirement Income Security Act regulations that, since 1975, have defined an employee-benefit plan “fiduciary” as a person who provides “investment advice” to a plan or its participants. However, amid backlash from the financial a...

    By Jeff Mamorsky • Oct. 18, 2011
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    CFOs on the Move: Week Ending October 14

    Media company Bertelsmann AG has promoted CFO Thomas Rabe to the posts of chairman and CEO, effective January 1. He will replace Hartmut Ostrowski, who is resigning from the executive board and will move to the supervisory board.Daniel Heinrich is retiring as finance chief of The Clorox Co., effe...

    By Joan Urdang • Oct. 14, 2011
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    Why Your Top Talent Wants Out

    Employers appear to be missing the boat in their assumptions about what drives valued talent to seek opportunities elsewhere, judging from new research by consulting firm Towers Watson.Human-resources professionals at 316 North American organizations identified opportunities for promotion as the ...

    By Oct. 13, 2011
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    Attack of the Cookie-Lickers

    CFOs, regardless of whether they’re taking on oversight of human resources, increasingly are playing important roles in monitoring and shaping company culture. They’re probably finding out that organizational dysfunction runs deep in Corporate America. A large squad of corporate sociologists migh...

    By Kris Dunn • Oct. 10, 2011
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    CFOs on the Move: Week Ending October 7

    Richard Moss has been promoted to the top finance spot at HanesBrands. Moss, who has been treasurer of the firm since 2006, succeeds interim CFO Dale Boyles. Boyles, in turn, has been named operating CFO.Travel site TripAdvisor has named Julie Bradley as its first finance chief. She is a former C...

    By Joan Urdang • Oct. 7, 2011
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    CFO Slaps Ex-Employer with Bias Suit

    Proskauer Rose, a large law firm well known for defending companies against employment-discrimination lawsuits, finds itself in the ironic position of being sued for discrimination by its former CFO.Elly Rosenthal, 57, is claiming age, gender, and disability discrimination, as well as wrongful te...

    By Oct. 5, 2011
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    Corporate Culture Quantified?

    James Heskett’s 1992 book, Corporate Culture and Performance, is still considered a classic business work. Heskett and co-author John Kotter had been looking to establish a relationship between corporate culture and performance. They saw that companies with strong cultures had both good and bad p...

    By Oct. 4, 2011
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    Staffing: From the Garden or the Market?

    It’s great to see the amount of fresh produce that’s available this time of the year. Whether you pick it from your garden, buy it at the store, or get it as a gift, there’s a plethora of choice and availability. However, with abundance, you’ll find that not every pick is the “cream of the crop.”...

    By Bud Kulesza • Oct. 3, 2011
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    Interim CEO Posts: Intense, and Eye-Opening

    Last month’s dismissal of Carol Bartz as CEO of Yahoo and the appointment of finance chief Tim Morse as her interim replacement once again raise two related questions: Are CFOs qualified to be chief executives, even for a short while? And, more to the point, do they want the job?When CFOs land th...

    By Oct. 1, 2011
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    Enjoy the Ride

    While 2010 may have been the year of say-on-pay, bonus clawbacks, and other efforts to shine more light on — if not actually reduce — executive compensation, none of that seemed to put CFOs’ mortgage payments in jeopardy. In fact, while it comes as little surprise that pay moved up in 2010 versus...

    By Russ Banham • Oct. 1, 2011
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    Meanwhile, CFOs Enjoy More Influence

    Turns out the latest ill wind did blow some good. According to a recent study by CFO Research Services, in conjunction with Expense Reduction Analysts, finance chiefs say their positions were enhanced by the turmoil of the economic downturn, as everyone from the CEO to junior staffers looked to f...

    By CFO Editorial Staff • Oct. 1, 2011
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    An Engineering Challenge for a CFO

    Rich Carbone, who is among many prominent CFOs with engineering backgrounds, will put his old skills to good use tomorrow, October 1, when Prudential Financial holds its annual Global Volunteer Day.Carbone, 63, was trained as a combat engineer in the Marine Corps and, upon returning from field du...

    By Sept. 30, 2011