Human Capital: Page 63
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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.
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.
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.
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.
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.
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 -
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
When No One Is Looking
When living in my home state of Texas, one becomes acutely aware of what’s known as the “Code of the West.” No written version of the code has ever been found, but the unwritten one served as guidance for winning respect (and surviving) out West. As John Wayne famously said, “A man’s got to have ...
By Bud Kulesza • May 5, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
When No One Is Looking
When living in my home state of Texas, one becomes acutely aware of what’s known as the “Code of the West.” No written version of the code has ever been found, but the unwritten one served as guidance for winning respect (and surviving) out West. As John Wayne famously said, “A man’s got to have ...
By Bud Kulesza • May 5, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
A Sense of Disclosure
CFOs at small and midsize companies should monitor new 401(k) plan disclosure requirements. There are several new or forthcoming rules, and one in particular — ERISA Section 404 (a)(5) — could cause headaches. Plan fiduciaries have new obligations that carry substantial penalties and are likely t...
By David McCann • May 1, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
“This Is a Mega-Event.”
In a year that has thus far seen an earthquake in New Zealand; flooding in Brisbane, Australia; and a stunning combination of earthquakes, a tsunami, and nuclear-radiation leakage in Japan, insurance-industry CFOs have even more cause than usual to alert their clients to risk-management strategie...
By Kate O'Sullivan • May 1, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Attention Deficit
Steve Abely, CFO of Abound Solar, a privately held solar-module manufacturer, is the very model of a strategic CFO. Is he about to pay a price for his recent success?Abound Solar secured a $400 million loan guarantee from the U.S. Department of Energy last December and raised $110 million in equi...
By Sarah Johnson • May 1, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Rematch
CFO’s 2011 401(k) Buyer’s Guide is available as an Excel spreadsheet, with an addendum offered in PDF format. To download the files, click below.Survey Results (Excel spreadsheet)Addendum (PDF)Richard Kelecy wasn’t expecting employees to cheer the news in 2009 that WRScompass, an environmenta...
By David McCann • May 1, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
A Sense of Disclosure
CFOs at small and midsize companies should monitor new 401(k) plan disclosure requirements. There are several new or forthcoming rules, and one in particular — ERISA Section 404 (a)(5) — could cause headaches. Plan fiduciaries have new obligations that carry substantial penalties and are likely t...
By David McCann • May 1, 2011
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