Human Capital: Page 73

  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Study: Many Health Plans Not Affordable

    Nearly 40% of employers may be at risk for violating the Patient Protection and Affordable Care Act’s (PPACA) mandate that company health-care plans be affordable, according to a recent Mercer analysis of close to 3,000 employer-sponsored health plans.And that risk is not confined to small compan...

    By Alix Stuart • May 3, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    A Chance to Direct

    CFOs have plenty of incentive to join a corporate board: they can expand their professional network, gain a better understanding of different business models, and perhaps bring a broader perspective to their own companies.The pay isn’t bad, either. Last year the median pay for independent directo...

    By Alix Stuart • May 1, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Spring Thaw

    After one of the toughest years on record, employees may finally receive some welcome relief. Culpepper and Associates, a compensation-research firm, reports that of the companies that froze salaries last year, 70% have either already unfrozen them or plan to this year, according to a survey of 7...

    By Alix Stuart • May 1, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Gauging the Reach of Reform

    If the battle over the passage of the Patient Protection and Affordable Care Act, aka health-care reform, seemed endless, assessing its impact on companies may require even more patience. Finance executives are trying to understand what PPACA means for their companies, but so far that has not bee...

    By Marie Leone and Alix Stuart • May 1, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Cracking Down on Fees

    See this year’s 401(k) Buyer’s Guide.Your employees may be forgiven if they see a devil behind every rock when it comes to the topic of 401(k) fees. These fees — usually associated with mutual funds, often hidden to the casual observer, and divvied up in mind-boggling ways — have been at the hear...

    By Alix Stuart • May 1, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    “Massive Ratings Don’t Always Translate into Big Profits.”

    When it comes to financial executives getting involved in a company’s operations, Michael Pickrum has an enviable task: watching television. As CFO of Black Entertainment Television, a 30-year-old multimedia company owned by Viacom, Pickrum oversees the costs and revenue associated with programmi...

    By Alix Stuart • May 1, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs on the Move: Week Ending April 30

    Investment bank Dahlman Rose & Co. has named Mark Downey to lead the finance function. He joins the company from Tullett Prebon Americas Holding Corp., where he was CFO, treasurer, and senior managing director.Joseph Waterman has been named to the top finance spot at procurement outsourcing f...

    By Joan Urdang • April 30, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Back to the Future

    Michael Lehman thought he would be enjoying his retirement by now. The veteran CFO already retired once, in 2002 at age 51, from a 15-year career at Sun Microsystems. Called back to the same role in 2006 when his successor stepped down, Lehman saw the company through peaks and ultimately valleys,...

    By Alix Stuart • April 27, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs on the Move: Week Ending April 23

    Network-security company Palo Alto Networks has selected Michael Lehman as its first CFO. He is a former two-time CFO of Sun Microsystems.Daniel Reznikov has been named finance chief of the ALS Association. Previously, he was vice president, operations and finance, at the University of Maryland B...

    By Joan Urdang • April 23, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Intel CFO Sees U.S. Losing Battle for High-Tech Jobs

    In the fourth quarter of this year, chipmaker Intel’s new wafer-fabrication plant in the city of Dalian in Northeast China, a $2.5 billion capital investment three years in the making, will come online. The factory will produce chipsets to support Intel’s microprocessor business and will boast a ...

    By • April 22, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    How Do You Spell (Pension) Relief?

    There’s renewed — though limited — hope for corporate pension plan sponsors looking for a little breathing room in terms of pension funding requirements.After the House of Representatives stalled last month on a Senate provision that would provide such relief, Department of Labor Secretary Hilda ...

    By Alix Stuart • April 20, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs on the Move: Week Ending April 16

    Charles Noski has been selected as the new finance chief for Bank of America Corp., effective May 11. He was formerly CFO of Northrop Grumman Corp.; before that, he was vice chairman of the board and headed finance at AT&T Corp.CFO Becky Shulman is leaving H&R Block Inc. at the end of the...

    By Joan Urdang • April 16, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Consumer-Driven Health Surging, Study Finds

    As it becomes increasingly clear that health-care reform alone will not slow the steady annual increase in the cost of medical services and insurance, the allure of consumer-directed health plans seems to be brightening.More than 50% of employers now offer them, mostly as one of several options, ...

    By Alix Stuart • April 16, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Is There a Pulse in the CFO Market?

    After more than a year of dormancy, the job market for finance executives is showing signs of life. “The market is definitely coming back,” says E. Peter McLean, chairman of the financial officers practice at Korn Ferry International. “There are a good number of high-level, big positions in the m...

    By Kate O'Sullivan • April 15, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Deferral Dilemma

    With taxes on both ordinary income and capital gains slated to increase in 2011 and again in 2013, some companies may have difficult decisions to make about the timing of certain aspects of executive compensation.On one hand, 2010 may be the best time for executives to take as much compensation a...

    By Alix Stuart • April 14, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs on the Move: Week Ending April 9

    John Kallop, CFO of technology-services and financial-information company Pink OTC Markets Inc., has resigned from the firm. President and CEO R. Cromwell Coulson will handle Kallop’s responsibilities while a search is under way for a permanent replacement.James Mackey is the new interim CFO at G...

    By Joan Urdang • April 9, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Pension Funding Is Up, but Shortfalls Remain

    Most of the nation’s largest pension plans kept themselves out of trouble last year, according to a recent analysis of 10-K filings by Towers Watson, but many still face substantial underfunding after the 2008 market meltdown.According to the analysis, aggregate pension contributions for the 100 ...

    By Alix Stuart • April 8, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs on the Move: Week Ending April 2

    The Bill & Melinda Gates Foundation has named Richard Henriques to the top finance spot, effective April 19. He has been corporate controller and senior vice president of finance at Merck since 2006.Ellen Rizzo is the new CFO of the property-and-casualty business at The Hanover Insurance Grou...

    By Joan Urdang • April 2, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    OTJ Is A-OK

    A new survey from McKinsey & Co. paints a decidedly mixed picture of corporate training initiatives. On the one hand, executives rank “capability building” as a top priority — 15% of senior leaders, in fact, rate it as the top priority, while 55% place it in the top three. But when it comes t...

    By Scott Leibs • April 1, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Sea Change

    See this year’s 401(k) Buyer’s Guide.One year ago, 401(k) plans were in crisis: account balances had plunged by double digits, employers were suspending matching contributions, and the volatility of the Dow made it uncertain as to whether the bottom had been reached.The situation improved markedl...

    By Alix Stuart • April 1, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    “We Fail Fast, Learn, and Move On.”

    Steven Neil knows nuts: how they are harvested, who buys which kinds and why, what packaging works best, and what supply-chain strategies keep all the players in the food chain happy. A 25-year veteran of finance jobs, most recently as CFO of contact-lens maker Cooper Cos., Neil is a roll-up-your...

    By David Katz • April 1, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    The CFO as Chief of Objectivity

    As the chief financial officer of Celanese Corp., Steven Sterin is much more than a numbers guy. Of course, his department has to produce timely, accurate financial statements every quarter for the $5.1 billion global chemical company. But he also views his role as providing unbiased input on the...

    By Sarah Johnson • March 31, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Staring Down the Banks

    It was an odd time to dish out tough love to your banks. But in early 2009, not long after becoming CFO of Marsh & McLennan Cos., Vanessa Wittman balked at investment bankers’ pricing plans for a $400 million MMC bond offering. With her finance staff quaking at her hard-nosed approach, Wittma...

    By David Katz • March 29, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs on the Move: Week Ending March 26

    Investment-management company AllianceBernstein has named John Howard finance chief. He takes over from Robert Joseph, Jr., who has been CFO since 1994 and will stay at the firm in a senior advisory role until he retires at the end of the year. Howard comes to the company from AQR Capital Managem...

    By Joan Urdang • March 26, 2010
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Reacting to Reform

    For legislators, the long process of reforming the nation’s health-care system has finally come to an end. On Thursday Congress passed the reconciliation bill containing the final changes to the landmark Patient Protection and Affordable Care Act, which President Obama signed into law on Tuesday....

    By Alix Stuart • March 26, 2010