Human Capital: Page 66
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Hire Education
For the first time since early 2008, finance chiefs are hiring. In the most recent Duke University/CFO Magazine Global Business Outlook Survey, our long-running quarterly study of finance executives around the world, CFOs reported that they planned to increase their full-time workforces by 2% on ...
By Kate O'Sullivan • March 1, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
GM’s Chris Liddell Takes Stock
Editor’s note: On March 10, after this interview was conducted, General Motors announced that Chris Liddell will leave the company on April 1. He will be succeeded by Daniel Ammann, currently GM’s vice president, finance, and treasurer.In December, Chris Liddell not only celebrated his one-year a...
By Scott Leibs • March 1, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Hire Education
For the first time since early 2008, finance chiefs are hiring. In the most recent Duke University/CFO Magazine Global Business Outlook Survey, our long-running quarterly study of finance executives around the world, CFOs reported that they planned to increase their full-time workforces by 2% on ...
By Kate O'Sullivan • March 1, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
To the “Three R’s” Add One More: Writhing
It may rank as the most curious dichotomy wrought by the recession: at a time when millions of people remain unemployed, many companies are having a hard time filling key open positions. What gives?Call it the technical-skills gap. With businesses increasingly turning to more-sophisticated automa...
By David McCann • March 1, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
“Buybacks Set the Bar.”
Like many companies these days, Aon, the $8 billion risk-management, insurance, and human-resources consulting firm, has lots of excess cash. Unlike many, however, it knows exactly how it wants to allocate it: to buy back shares.To be sure, the company isn’t completely single-minded about buyback...
By David Katz • March 1, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending February 25
Sara Lee Corp. has announced that Mark Garvey will lead the finance function. He has been interim CFO since May.Brenda Galgano has been named finance chief at The Vitamin Shoppe, effective April 4. She is currently CFO and treasurer of The Great Atlantic & Pacific Tea Co. (A&P).CFO John W...
By Joan Urdang • Feb. 25, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending February 25
Sara Lee Corp. has announced that Mark Garvey will lead the finance function. He has been interim CFO since May.Brenda Galgano has been named finance chief at The Vitamin Shoppe, effective April 4. She is currently CFO and treasurer of The Great Atlantic & Pacific Tea Co. (A&P).CFO John W...
By Joan Urdang • Feb. 25, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
New 401(k) Obligations Heaped on CFOs
In the second half of 2010, the Department of Labor (DoL) issued several proposed or final regulations regarding disclosures of retirement-plan fees and investment-related information that will be effective, or are expected to be, by the beginning of 2012. These rules impose new responsibilities ...
By John Martini • Feb. 23, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
New 401(k) Obligations Heaped on CFOs
In the second half of 2010, the Department of Labor (DoL) issued several proposed or final regulations regarding disclosures of retirement-plan fees and investment-related information that will be effective, or are expected to be, by the beginning of 2012. These rules impose new responsibilities ...
By John Martini • Feb. 23, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
A Preferred Way to Cut Drug Costs
A relatively new but little-used approach to structuring prescription-drug benefits plans could save self-insured companies up to 13% of such plans’ costs, research by consulting firm Milliman indicates.The strategy revolves around using a preferred network of pharmacies rather than allowing acce...
By David McCann • Feb. 22, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
A Preferred Way to Cut Drug Costs
A relatively new but little-used approach to structuring prescription-drug benefits plans could save self-insured companies up to 13% of such plans’ costs, research by consulting firm Milliman indicates.The strategy revolves around using a preferred network of pharmacies rather than allowing acce...
By David McCann • Feb. 22, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Will New Rules Nudge Up 401(k) Costs?
The cost of 401(k) plans could be poised for an uptick, thanks to proposed legislation in Congress that would require more disclosure from plan providers and sponsors.Sponsored by three U.S. senators, the bill would require 401(k) plans to annually disclose an “annuity equivalent.” This would sho...
By David McCann • Feb. 18, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending February 18
The Carlyle Group has appointed Adena Friedman managing director and CFO, effective March 28. She will join the asset-management firm from NASDAQ OMX Group, where she holds the top finance spot.Mark Wise has been selected to lead the finance function at Tango Management Consulting LLC. He comes t...
By Joan Urdang • Feb. 18, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Will New Rules Nudge Up 401(k) Costs?
The cost of 401(k) plans could be poised for an uptick, thanks to proposed legislation in Congress that would require more disclosure from plan providers and sponsors.Sponsored by three U.S. senators, the bill would require 401(k) plans to annually disclose an “annuity equivalent.” This would sho...
By David McCann • Feb. 18, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending February 18
The Carlyle Group has appointed Adena Friedman managing director and CFO, effective March 28. She will join the asset-management firm from NASDAQ OMX Group, where she holds the top finance spot.Mark Wise has been selected to lead the finance function at Tango Management Consulting LLC. He comes t...
By Joan Urdang • Feb. 18, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Health Coverage: All in the Family
The Patient Protection and Affordable Care Act generally requires companies to expand health-care coverage; namely, to employees’ adult children up to age 26 who were not previously eligible. But some firms are making their lists and checking them twice before signing off on extending more benefi...
By Alix Stuart • Feb. 17, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Health Coverage: All in the Family
The Patient Protection and Affordable Care Act generally requires companies to expand health-care coverage; namely, to employees’ adult children up to age 26 who were not previously eligible. But some firms are making their lists and checking them twice before signing off on extending more benefi...
By Alix Stuart • Feb. 17, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending February 11
Timothy Sloan has been promoted to finance chief at Wells Fargo & Co. He takes over immediately from Howard Atkins, who will retire in August after an unpaid leave of absence. Sloan had been chief administrative officer.American Apparel Inc. has named John Luttrell to lead the finance functio...
By Joan Urdang • Feb. 11, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending February 11
Timothy Sloan has been promoted to finance chief at Wells Fargo & Co. He takes over immediately from Howard Atkins, who will retire in August after an unpaid leave of absence. Sloan had been chief administrative officer.American Apparel Inc. has named John Luttrell to lead the finance functio...
By Joan Urdang • Feb. 11, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Whistle-blower Debate Heats Up
You might expect someone like Sherron Watkins, the famous Enron whistle-blower, to be an outspoken supporter of the proposed whistle-blower-friendly rules mandated by the Dodd-Frank Act.You would be wrong. The ex-Enron accountant predicts that the forthcoming final rules fleshing out Congress’s i...
By David McCann • Feb. 11, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending February 4
Leonard Rush will retire as CFO of financial-services firm Robert W. Baird & Co. on March 31. He will be succeeded by Dominick Zarcone, who has been a managing director in the company’s investment-banking group since 1995 and chief operating officer for investment banking since 2004.Bob Evans...
By Joan Urdang • Feb. 4, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending February 4
Leonard Rush will retire as CFO of financial-services firm Robert W. Baird & Co. on March 31. He will be succeeded by Dominick Zarcone, who has been a managing director in the company’s investment-banking group since 1995 and chief operating officer for investment banking since 2004.Bob Evans...
By Joan Urdang • Feb. 4, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Space Race
Many companies will move or expand into new facilities in 2011, particularly if the economy picks up steam. Fortunately for them — and for companies that simply want a better deal on their current space — the weak commercial real estate market presents opportunities for significant savings. With ...
By Russ Banham • Feb. 1, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
“We Can’t Get Carried Away by Our Success.”
The recession-induced plunge in consumer spending seems largely to have bypassed sports, at least regarding the young, male, technology-oriented audience that tunes in to sports broadcasts. After some decline in 2009, ESPN, the sports media empire, bounced back strongly last year, no doubt much t...
By David Katz • Feb. 1, 2011 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Looking for the Light
It’s a situation most finance chiefs hope never to be in: sales plunging, cash dwindling, debt-covenant violations looming.Those classic signs of a business in serious trouble are often clear to the CFO long before anyone else at the company understands just how bad things are. As first responder...
By Kate O'Sullivan • Feb. 1, 2011