Human Capital: Page 62
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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 3
Irene Esteves will be the new finance chief at Time Warner Cable Inc. She takes over from Robert Marcus, who was promoted to the roles of president and chief operating officer last year but also stayed on as CFO until his replacement could be found. Most recently, Esteves headed finance at XL Gro...
By Joan Urdang • June 3, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Movin’ On Up
Consider a new economic indicator: the rise and fall of demand for certain CFO skill-sets. Whereas the downturn highlighted the core, traditional aspects of the role, the recovery appears to have more companies seeking finance executives who have talents beyond financial smarts, including deal ma...
By Sarah Johnson • June 1, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Looking Ahead
CFO welcomes your letters. Send them to: The Editor, CFO, 51 Sleeper St., Boston, MA 02210E-mail us at [email protected], or contact a specific author by clicking on his or her byline. You can also post a comment directly on CFO.com by clicking on the appropriate link at the end of any article.P...
By CFO Readers • June 1, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Movin’ On Up
Consider a new economic indicator: the rise and fall of demand for certain CFO skill-sets. Whereas the downturn highlighted the core, traditional aspects of the role, the recovery appears to have more companies seeking finance executives who have talents beyond financial smarts, including deal ma...
By Sarah Johnson • June 1, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Measured Response
In the mid-1990s, labor economist Laurie Bassi began to notice a strong correlation between public companies’ stock prices and how much they invested in training-and-development programs. On average, the more a firm invested in training in a given year, the higher its stock went the following yea...
By David McCann • June 1, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
80 Countries and Counting
CH2M Hill, a $6.3 billion consulting, engineering, and construction company, is much better known than its unassuming name would suggest. With nine business groups in 80 countries and counting, the Colorado-based firm is the force behind some of the world’s best-known public-works projects. Right...
By Alix Stuart • June 1, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending May 27
Kimberly Ross has been named to the top finance spot at Avon Products Inc., effective this fall. She will replace Charles Cramb, vice chairman of the company’s developed market group, who has been interim CFO. Ross now heads finance at Royal Ahold NV.Sears Holdings Corp. has announced that CFO Mi...
By Joan Urdang • May 27, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending May 27
Kimberly Ross has been named to the top finance spot at Avon Products Inc., effective this fall. She will replace Charles Cramb, vice chairman of the company’s developed market group, who has been interim CFO. Ross now heads finance at Royal Ahold NV.Sears Holdings Corp. has announced that CFO Mi...
By Joan Urdang • May 27, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Evolutionary Path to the Presidency
When AECOM finance chief Mike Burke moves up to his new role as president on October 1, it won’t involve a sea change for the operationally minded executive. He’s been in hands-on mode since he came to the company in 2005 after 15 years at KPMG.But in some respects, his focus at the $8.5 billion ...
By David McCann • May 23, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Health Costs to Rise 8.5% in 2012
U.S. employers can expect to see health-care costs rise by 8.5% in 2012, up a tick from this year’s 8% climb, according to a new report from PricewaterhouseCoopers. The firm says that by changing the design of health-benefit plans, such as increasing what employees contribute, employers could kee...
By David McCann • May 20, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending May 20
Online travel service Kayak has hired its first CFO, Bill H. Smith. Smith was previously vice president of global finance for Novell, where he worked for 13 years.The Miami Dolphins has named Mark Brockelman chief financial and administrative officer. Before joining the football team he served as...
By CFO Editorial Staff • May 20, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending May 20
Online travel service Kayak has hired its first CFO, Bill H. Smith. Smith was previously vice president of global finance for Novell, where he worked for 13 years.The Miami Dolphins has named Mark Brockelman chief financial and administrative officer. Before joining the football team he served as...
By CFO Editorial Staff • May 20, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Health Costs to Rise 8.5% in 2012
U.S. employers can expect to see health-care costs rise by 8.5% in 2012, up a tick from this year’s 8% climb, according to a new report from PricewaterhouseCoopers. The firm says that by changing the design of health-benefit plans, such as increasing what employees contribute, employers could kee...
By David McCann • May 20, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Failure to Act Triggers ERISA Liability
Plan sponsors confront an increasingly active and ERISA-sophisticated class-action bar. The financial exposure for class-action cases brought on behalf of plan participants can be significant. Some of the most notable cases have alleged that a plan sponsor’s board, corporate officers, and other p...
By Jeff Mamorsky • May 19, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Failure to Act Triggers ERISA Liability
Plan sponsors confront an increasingly active and ERISA-sophisticated class-action bar. The financial exposure for class-action cases brought on behalf of plan participants can be significant. Some of the most notable cases have alleged that a plan sponsor’s board, corporate officers, and other p...
By Jeff Mamorsky • May 19, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Virgin Territory for One Lucky CFO
What kind of company has a valuation of $900 million, hundreds of millions in venture funding, $55 million cash in the bank from prepaid customers, and no CFO? A spacey one.Virgin Galactic, a leader in the race to launch commercial space flights, is looking to hire the first CFO in a brand-new in...
By David McCann • May 16, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Supreme Court: No Harm, No Foul
The Supreme Court today reversed two lower-court rulings in a class-action case that arose after Cigna switched from a traditional defined-benefits retirement plan to a cash-balance plan in 1998.As CFO reported in December, Cigna employees had argued that the new summary plan description (SPD) mi...
By David McCann • May 16, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Supreme Court: No Harm, No Foul
The Supreme Court today reversed two lower-court rulings in a class-action case that arose after Cigna switched from a traditional defined-benefits retirement plan to a cash-balance plan in 1998.As CFO reported in December, Cigna employees had argued that the new summary plan description (SPD) mi...
By David McCann • May 16, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Virgin Territory for One Lucky CFO
What kind of company has a valuation of $900 million, hundreds of millions in venture funding, $55 million cash in the bank from prepaid customers, and no CFO? A spacey one.Virgin Galactic, a leader in the race to launch commercial space flights, is looking to hire the first CFO in a brand-new in...
By David McCann • May 16, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending May 13
Wendy Schoppert has been promoted to the top finance spot at mattress designer and manufacturer Select Comfort Corp., effective June 6. She replaces Jim Raabe, who has resigned. Schoppert, currently chief information officer, has been at the firm since 2005.Homebuilder PulteGroup Inc. has appoint...
By Joan Urdang • May 13, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending May 13
Wendy Schoppert has been promoted to the top finance spot at mattress designer and manufacturer Select Comfort Corp., effective June 6. She replaces Jim Raabe, who has resigned. Schoppert, currently chief information officer, has been at the firm since 2005.Homebuilder PulteGroup Inc. has appoint...
By Joan Urdang • May 13, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Clawbacks Revisited
Much attention has been paid to Dodd-Frank-mandated changes in public-company compensation programs and proxy disclosure that are designed to influence say-on-pay voting this proxy season. Obtaining a favorable vote is clearly not a certainty. As of early May, there were at least 16 public compan...
By Andrew Liazos • May 12, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
What Makes High Performers Stay?
High-performing finance staffers know what they like: money (their own, in addition to the company’s). They’re grumpy about not having more of it — but not so much that it makes them look for new jobs.Those are among the conclusions that can be drawn from the latest research by the finance and st...
By David McCann • May 11, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
What Makes High Performers Stay?
High-performing finance staffers know what they like: money (their own, in addition to the company’s). They’re grumpy about not having more of it — but not so much that it makes them look for new jobs.Those are among the conclusions that can be drawn from the latest research by the finance and st...
By David McCann • May 11, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending May 6
John Morphy plans to retire as CFO, treasurer, and secretary of human-resources and payroll services provider Paychex Inc. at the end of the year. Efrain Rivera, a former CFO of Bausch & Lomb, has been named CFO and treasurer, effective June 1.Footwear manufacturer Crocs Inc. has promoted Jef...
By Joan Urdang • May 6, 2011
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