Human Capital: Page 68
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Surprising Rise in Health Costs
U.S. companies should hope their collective forecast for health-care costs in 2011 is more accurate than the one they made for this year.A 6.9% spike in per-employee costs — the biggest since 2004 — caught many by surprise, as the expected increase of less than 6% was left in the dust, according ...
By David McCann • Dec. 6, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending December 3
Timothy Pistell is retiring from his roles as executive vice president – finance and administration and CFO at Parker Hannifin Corp. after 41 years at the company. Controller Jon Marten has been promoted to succeed him, effective immediately; Pistell will stay on at the control and motion technol...
By Joan Urdang • Dec. 3, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending December 3
Timothy Pistell is retiring from his roles as executive vice president – finance and administration and CFO at Parker Hannifin Corp. after 41 years at the company. Controller Jon Marten has been promoted to succeed him, effective immediately; Pistell will stay on at the control and motion technol...
By Joan Urdang • Dec. 3, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Supremes Mull Pension Deception
A class-action pension-benefits claim by present and former Cigna employees under the Employee Retirement Income Security Act (ERISA) could have an unsettling effect on plan sponsors if the Supreme Court does not overturn two lower-court rulings in the nine-year-old case.A federal district court ...
By David McCann • Dec. 3, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Supremes Mull Pension Deception
A class-action pension-benefits claim by present and former Cigna employees under the Employee Retirement Income Security Act (ERISA) could have an unsettling effect on plan sponsors if the Supreme Court does not overturn two lower-court rulings in the nine-year-old case.A federal district court ...
By David McCann • Dec. 3, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Check Will Be in the Mail
Even as defined-benefit pensions continue to advance up the endangered-species list, 401(k) plans, a presumably hardier species, have hit some evolutionary bumps of their own.Chief among them, of course, is the impact of the economic downturn, which left many plan participants with decimated acco...
By David Katz • Dec. 1, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
“It Was a Deal Made in Heaven.”
When Xerox Corp. vice chairman and finance chief Lawrence Zimmerman was asked at a recent forum why 2010 was the best time for Xerox to make a $6.4 billion acquisition, he smiled and said, “It wasn’t.”That crisp reply was typical of Zimmerman, a 31-year IBM veteran who was lured out of retirement...
By Roy Harris • Dec. 1, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Repeal or Repair?
In the wake of midterm victories, triumphant Republicans have repeatedly vowed to repeal health-care reform. Yet political reality suggests that GOP leaders’ only real option will be to fix and polish the very law they would prefer to consign to the dust heap.That may be good news for companies, ...
By Tim Reason • Dec. 1, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
“It Was a Deal Made in Heaven.”
When Xerox Corp. vice chairman and finance chief Lawrence Zimmerman was asked at a recent forum why 2010 was the best time for Xerox to make a $6.4 billion acquisition, he smiled and said, “It wasn’t.”That crisp reply was typical of Zimmerman, a 31-year IBM veteran who was lured out of retirement...
By Roy Harris • Dec. 1, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Check Will Be in the Mail
Even as defined-benefit pensions continue to advance up the endangered-species list, 401(k) plans, a presumably hardier species, have hit some evolutionary bumps of their own.Chief among them, of course, is the impact of the economic downturn, which left many plan participants with decimated acco...
By David Katz • Dec. 1, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Repeal or Repair?
In the wake of midterm victories, triumphant Republicans have repeatedly vowed to repeal health-care reform. Yet political reality suggests that GOP leaders’ only real option will be to fix and polish the very law they would prefer to consign to the dust heap.That may be good news for companies, ...
By Tim Reason • Dec. 1, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs Cool Their Heels
While economists and pundits continue to squabble about whether the recession is over and meaningful recovery is taking place, a continuing trend in the job market for CFOs suggests otherwise.In down economic times, employers and their finance chiefs both tend to take a conservative “devil that y...
By David McCann • Nov. 24, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending November 26
Carl Casale has resigned as head of finance at Monsanto Co., effective December 31, in order to become president and CEO of CHS Inc. Casale has been at Monsanto since 1984 and has been CFO since September 2009. The company plans to name his replacement by the end of the year.Fair Isaac Corp. (FIC...
By Joan Urdang • Nov. 24, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending November 26
Carl Casale has resigned as head of finance at Monsanto Co., effective December 31, in order to become president and CEO of CHS Inc. Casale has been at Monsanto since 1984 and has been CFO since September 2009. The company plans to name his replacement by the end of the year.Fair Isaac Corp. (FIC...
By Joan Urdang • Nov. 24, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs Cool Their Heels
While economists and pundits continue to squabble about whether the recession is over and meaningful recovery is taking place, a continuing trend in the job market for CFOs suggests otherwise.In down economic times, employers and their finance chiefs both tend to take a conservative “devil that y...
By David McCann • Nov. 24, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending November 19
David Johnson will resign as CFO of Fannie Mae by the end of the year. Deputy CFO David Hisey will take over his responsibilities until a permanent replacement is found.Paul Saleh is the new finance chief at Gannett Co., taking over from Gracia Martore, who was promoted to the posts of president ...
By Joan Urdang • Nov. 19, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending November 19
David Johnson will resign as CFO of Fannie Mae by the end of the year. Deputy CFO David Hisey will take over his responsibilities until a permanent replacement is found.Paul Saleh is the new finance chief at Gannett Co., taking over from Gracia Martore, who was promoted to the posts of president ...
By Joan Urdang • Nov. 19, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Health Care: Spend More, Save More
To control health-care costs, more companies are resorting to a strategy that doesn’t seem to make sense: They are spending more.Employers are rejecting unpopular benefit cuts and instead eliminating co-payments on prescription drugs to encourage employees with severe health problems to take thei...
By Kimberly Blanton • Nov. 18, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Health Care: Spend More, Save More
To control health-care costs, more companies are resorting to a strategy that doesn’t seem to make sense: They are spending more.Employers are rejecting unpopular benefit cuts and instead eliminating co-payments on prescription drugs to encourage employees with severe health problems to take thei...
By Kimberly Blanton • Nov. 18, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Quantitative Easing, or Pension Squeezing?
The possibility that their actions could hurt corporate pension-plan sponsors probably wasn’t top of mind for members of the Federal Reserve’s Open Market Committee when they announced last week that the Fed would forge ahead with a second round of quantitative easing by buying $600 billion of lo...
By David Katz • Nov. 17, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
In the Eye of the Shareholder
For most companies, the arrival of a cash-oriented strategy has followed a particular sequence. Before the fall of 2008, the economy was flush with cash, and businesses sought to boost their sales as fast as they could. At that point Lehman Brothers collapsed, followed by a widespread loss of eco...
By David Katz • Nov. 12, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending November 12
Jack Callahan will resign as head of finance at Dean Foods Co., effective November 30. He will be replaced on December 1 by chief accounting officer Shaun Mara. Mara, who joined the company in June, previously was senior vice president of finance at Wm. Wrigley Jr. Co.Xsigo Systems Inc. has named...
By Joan Urdang • Nov. 12, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending November 12
Jack Callahan will resign as head of finance at Dean Foods Co., effective November 30. He will be replaced on December 1 by chief accounting officer Shaun Mara. Mara, who joined the company in June, previously was senior vice president of finance at Wm. Wrigley Jr. Co.Xsigo Systems Inc. has named...
By Joan Urdang • Nov. 12, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending November 5
Ray Young has been named finance chief at Archer Daniels Midland Co. He replaces Steven Mills, who has been promoted to senior executive vice president, performance and growth. Young, who has joined the company but will not take over from Mills until December 1, is a former CFO of General Motors ...
By Joan Urdang • Nov. 5, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How Would CFOs Fare on the Couch?
Imagine a sort of Sigmund Freud for CFOs: a psychiatric sage who knows their inner weaknesses, as well as their strengths, and helps them cope with personal and professional challenges.While no psychiatrists have such a specialty — yet — Dr. Barrie Sanford Greiff comes close. Through much of the ...
By Roy Harris • Nov. 5, 2010
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