Human Capital: Page 71

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    Salt Talks

    As a former project-management banker at HSBC and Bank of America, Michael Whalen says he’s been “eating my own cooking” as the current CFO of SolarReserve, where a big part of his job involves raising money to finance solar-energy plants that provide electricity to utilities.There’s a good chanc...

    By Marie Leone and David Katz • Aug. 23, 2010
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    CFOs on the Move: Week Ending August 20

    Photography and multimedia products creator and distributor Getty Images Inc. has named Bart Catalane as its new finance chief. Previously, he was CFO of webloyalty.com.Neil Davidson has been promoted to CFO and corporate treasurer of Bally Technologies Inc., a designer, manufacturer, and distrib...

    By Joan Urdang • Aug. 20, 2010
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    Pension Plans: Why Safer Isn’t Catching On

    Ever since Congress passed the Pension Protection Act four years ago this month, corporate pension-plan sponsors have been slowly but surely moving toward less-risky asset allocations in order to maintain compliance with the law’s stringent funding requirements. For many, that has meant pursuing ...

    By Alix Stuart • Aug. 13, 2010
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    CFOs on the Move: Week Ending August 13

    CFO Cathie Lesjak will add to her responsibilities by becoming interim CEO at Hewlett-Packard following the resignation of Mark Hurd. Lesjak has been at the company for 24 years and has been finance chief since 2007.Siemens Enterprise Communications has named Henning Rehder head of finance. Previ...

    By Joan Urdang • Aug. 13, 2010
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    Former Ford CFO Goes Back to School

    Former Ford Motor CFO and vice chairman Allan Gilmour has been successful at many things, but retirement may not be one of them. His first attempt was in 1995, when he left Ford after 35 years with the automaker. In 2002, however, he rejoined the floundering company at the behest of then-CEO Bill...

    By Alix Stuart • Aug. 12, 2010
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    Overqualified…and Out of Work

    Several years ago, Vernon LoForti made the leap so many CFOs dream of: after 13 years as finance chief for Overland Storage, then a $150 million-plus publicly traded data-management company with more than 300 employees, he became the San Diego-based company’s CEO. When he and the board split last...

    By Alix Stuart • Aug. 6, 2010
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    CFOs on the Move: Week Ending August 6

    Thomas Etergino will join TheStreet.com Inc. as CFO on September 7. He comes to the digital financial media company from eMusic.com, where he has been head of finance since 2006 and chief operating officer since 2008.Occidental Petroleum Corp. has promoted James Lienert to the top finance spot, e...

    By Joan Urdang • Aug. 6, 2010
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    An Open (Source) and Shut Case

    The more specialized a company is, the more likely it is to prefer a CFO with experience in that specialty. The catch, of course, is that there may be few people available who fit the bill.In that sense, Talend, a five-year-old maker of database-management software, was fortunate in its recent hi...

    By • Aug. 6, 2010
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    How to Stay in the Retiree-Benefit Game

    During the first quarter of this year, Goodyear Tire & Rubber, International Paper, AT&T, CBS, and other major companies reported large accounting charges related to the loss of a tax deduction. The deduction — a 28% break for corporations that provided a Medicare Part D drug subsidy to r...

    By Marie Leone • Aug. 5, 2010
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    SEC Charges Former Citi CFO

    Former Citigroup CFO Gary Crittenden has been charged by the Securities and Exchange Commission with misleading investors about the bank’s exposure to subprime-mortgage-related assets. The claim against Crittenden was filed on Thursday, along with similar charges against Citigroup Inc. and Citi’s...

    By Marie Leone • July 30, 2010
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    CFOs on the Move: Week Ending July 30

    United Airlines parent company UAL Corp. has announced that CFO Kathryn Mikells will leave the airline after its merger with Continental Airlines is finalized. Continental CFO Zane Rowe will become head of finance of the combined company.Supervalu Inc. finance chief Pamela Knous has resigned from...

    By Joan Urdang • July 30, 2010
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    Russian CFO Foresees Five Sluggish Years

    A few weeks ago, Alexey Kornya, the CFO of Mobile TeleSystems, was in New York to help ring the opening bell of the New York Stock Exchange. Yet while he and other top executives of MTS, a leading cell phone operator in Russia, would be celebrating the company’s 10th year of listing on the Big Bo...

    By David Katz • July 23, 2010
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    CFOs on the Move: Week Ending July 23

    TIAA-CREF has named Virginia Wilson to the top finance spot. Previously, she was CFO of Wyndham Worldwide Corp. Wilson replaces Georganne Proctor, who was appointed chief integration officer in January.Tom Horton, CFO and executive vice president of finance and planning at American Airlines’s par...

    By Joan Urdang • July 23, 2010
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    Internal Audit’s Say on Pay

    There’s no question that executive compensation has come under the microscope recently. Since December companies have been dealing with new Securities and Exchange Commission requirements regarding various proxy disclosures about pay. SEC staffers have been asking for ever-more detail about compe...

    By Alix Stuart • July 22, 2010
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    A Long Time at the Helm

    In 1979, when Hank Funsch joined Long Island-based Dayton T. Brown Inc. as its treasurer, spending decades with the same company was still a common practice. Thirty-one years later it’s a rare career that takes that course, but Funsch remains at the company as its CFO, a position he has held sinc...

    By • July 19, 2010
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    CFOs on the Move: Week Ending July 16

    Investment-management company Artisan Partners has named C.J. Daley as its finance chief and managing director, effective July 26. He comes to the firm from Legg Mason Inc., where he was CFO.Jonathan Peacock will take over the top finance spot at biotechnology firm Amgen Inc. on September 1, repl...

    By Joan Urdang • July 16, 2010
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    The Perils of Flextime

    Is the deadline-driven, pressure-cooker world of corporate finance becoming more accommodating about where and when work gets done? Could a function that has long embodied the traditional 9-to-5, chained-to-your-desk mentality be open to staffers’ requests to work remotely, at odd hours, or part-...

    By Alix Stuart • July 15, 2010
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    “We Have the Flexibility and Firepower to Succeed in Volatile Times.”

    You might think that these would be boom times for defense contractors, given the duration of the war in Afghanistan and the continuing focus on security in the long wake of 9/11. But those forces are counterbalanced by the Department of Defense’s efforts to rein in costs and shift spending to pr...

    By Scott Leibs • July 15, 2010
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    A Lesson in Self-Reliance

    Want to save money on health-care insurance? Try this strategy: stop buying it.While self-insurance is nothing new to large companies — some 90% of those with more than 5,000 employees have been doing it for years — a growing number of smaller companies are self-insuring to cut costs. According t...

    By Alix Stuart • July 14, 2010
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    Women CFOs Holding Steady

    A recent count of women holding CFO positions at the nation’s largest companies shows that — drumroll, please — almost nothing has changed since last year. There are currently 44 female CFOs among the Fortune 500 companies, the same number as counted in 2009 but a slight improvement over the 38 c...

    By Alix Stuart • July 13, 2010
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    CFOs on the Move: Week Ending July 9

    C.J. Daley has resigned as finance chief of asset-management firm Legg Mason Inc. Terrence Murphy, chief operating officer of affiliate ClearBridge Advisors, has been appointed interim CFO. Murphy was CFO of Citigroup Asset Management before it was acquired by Legg Mason in 2005.EDGAR Online Inc....

    By Joan Urdang • July 9, 2010
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    Notes from a Job Search: Rating Your Contacts

    With so many people caught between jobs these days, CFO asked Gary Starr, a CPA and MBA who was most recently CFO at a $70 million professional-service firm, to write about his current experience looking for a new position. In the fourth installment of a series, Starr offers an unconventional way...

    By Gary Starr • July 8, 2010
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    Good News for Retirement Plan Sponsors

    Two new pieces of legislation hammered out at the end of June give retirement-plan sponsors two new reasons to breathe a sigh of relief.One, related to 401(k)s, is contained in the Dodd-Frank Wall Street Reform and Consumer Protection Act, the compromise version of financial-reform legislation th...

    By Alix Stuart • July 7, 2010
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    The USO’s Show Must Go On

    For nearly 70 years, the United Service Organizations (USO) has entertained the troops, with shows featuring celebrities from Bob Hope and Marilyn Monroe to Robin Williams and Scarlett Johansson. But the congressionally chartered nonprofit supports the U.S. military in many other ways. Today ther...

    By Alix Stuart • July 2, 2010
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    CFOs on the Move: Week Ending July 2

    Asset-management firm W.P. Stewart & Co. has appointed Mark Bergen as managing director-CFO and chief operating officer. He replaces managing director-CFO Susan Leber and managing director-COO Rocco Macri, who will be leaving the company. Most recently, Bergen was CFO and COO of AG Asset Mana...

    By Joan Urdang • July 2, 2010