Human Capital: Page 68
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending December 31
David DiStaso has been promoted to the top finance spot at iStar Financial Inc. He has been chief accounting officer since 2008 and principal financial officer since April. DiStaso is also a former CFO of the consumer finance division of CIT Group Inc.Financial-research provider Value Line Inc. h...
By Joan Urdang • Dec. 30, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
A Recoverer’s Recovery
In times of slow growth like the present, efficiency itself can be a growth industry. Few finance chiefs are in a better position to understand the need to make the most out of their companies’ operations than Bob Lee, CFO of PRGX Global.There are two main reasons for this. One is that PRGX is in...
By David Katz • Dec. 30, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending December 31
David DiStaso has been promoted to the top finance spot at iStar Financial Inc. He has been chief accounting officer since 2008 and principal financial officer since April. DiStaso is also a former CFO of the consumer finance division of CIT Group Inc.Financial-research provider Value Line Inc. h...
By Joan Urdang • Dec. 30, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
A Recoverer’s Recovery
In times of slow growth like the present, efficiency itself can be a growth industry. Few finance chiefs are in a better position to understand the need to make the most out of their companies’ operations than Bob Lee, CFO of PRGX Global.There are two main reasons for this. One is that PRGX is in...
By David Katz • Dec. 30, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Best of 2010: Employee Benefits
Companies and employees continued to worry about their pension plans and 401(k)s in 2010, given funding shortfalls and the uncertain economic outlook. But it was health-care reform that dominated the benefits landscape, and CFO’s coverage, this year.Signed into law last March and mandating medica...
By CFO Editorial Staff • Dec. 29, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Best of 2010: Employee Benefits
Companies and employees continued to worry about their pension plans and 401(k)s in 2010, given funding shortfalls and the uncertain economic outlook. But it was health-care reform that dominated the benefits landscape, and CFO’s coverage, this year.Signed into law last March and mandating medica...
By CFO Editorial Staff • Dec. 29, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending December 24
E*TRADE Financial Corp. has promoted corporate controller Matthew Audette to lead the finance function. He takes over from Bruce Nolop, who is retiring at the end of the year but will remain as an adviser through the first quarter of 2011.Randal Freitag has been promoted to the top finance spot a...
By Joan Urdang • Dec. 23, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending December 24
E*TRADE Financial Corp. has promoted corporate controller Matthew Audette to lead the finance function. He takes over from Bruce Nolop, who is retiring at the end of the year but will remain as an adviser through the first quarter of 2011.Randal Freitag has been promoted to the top finance spot a...
By Joan Urdang • Dec. 23, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
401(k) Participants Shun Company Stock
The share of 401(k) assets allocated to company stock fell in 2009 for the 11th consecutive year, according to a new study by the Employee Benefits Research Institute (EBRI).That share was 9% of total assets in all plans, including those that didn’t offer the plan sponsor’s stock as an investment...
By David McCann • Dec. 21, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
401(k) Participants Shun Company Stock
The share of 401(k) assets allocated to company stock fell in 2009 for the 11th consecutive year, according to a new study by the Employee Benefits Research Institute (EBRI).That share was 9% of total assets in all plans, including those that didn’t offer the plan sponsor’s stock as an investment...
By David McCann • Dec. 21, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending December 17
Asset-management company Legg Mason Inc. has named Peter Nachtwey CFO. Most recently, he headed finance at The Carlyle Group.Time Warner Cable Inc. has promoted Robert Marcus to the roles of president and chief operating officer. Marcus, who has been at the company since 2005 and was named financ...
By Joan Urdang • Dec. 17, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending December 17
Asset-management company Legg Mason Inc. has named Peter Nachtwey CFO. Most recently, he headed finance at The Carlyle Group.Time Warner Cable Inc. has promoted Robert Marcus to the roles of president and chief operating officer. Marcus, who has been at the company since 2005 and was named financ...
By Joan Urdang • Dec. 17, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
It’s the Customer, Stupid
For finance chiefs with designs on the chief executive’s chair, serving a stint in operations is often a prerequisite. But the lack of an important quality may be blocking many CFOs from successfully doing so, in the view of one former CFO-turned-CEO.That quality is empathy for customers, and for...
By David McCann • Dec. 15, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
It’s the Customer, Stupid
For finance chiefs with designs on the chief executive’s chair, serving a stint in operations is often a prerequisite. But the lack of an important quality may be blocking many CFOs from successfully doing so, in the view of one former CFO-turned-CEO.That quality is empathy for customers, and for...
By David McCann • Dec. 15, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending December 10
David Wells, vice president of financial planning and analysis at Netflix Inc., has been promoted to finance chief. He replaces Barry McCarthy, who is leaving the company after serving as CFO since 1999.Reynolds American Inc. has announced that Mark Peters, vice president of finance at RAI Servic...
By Joan Urdang • Dec. 10, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending December 10
David Wells, vice president of financial planning and analysis at Netflix Inc., has been promoted to finance chief. He replaces Barry McCarthy, who is leaving the company after serving as CFO since 1999.Reynolds American Inc. has announced that Mark Peters, vice president of finance at RAI Servic...
By Joan Urdang • Dec. 10, 2010 -
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.
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.
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.
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.
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.
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
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