Human Capital: Page 73

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    Health Costs: Sharing the Pain

    Companies are shifting more responsibility for the rising costs of health care to employees, according to a recent study by PricewaterhouseCoopers. More than 40% of the 700 companies surveyed intend to increase employee contributions for health-insurance coverage, while an equivalent number plan ...

    By Alix Stuart • June 16, 2010
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    Notes from a Job Search: Staying Motivated

    With so many people caught between jobs these days, CFO asked Gary Starr, a CPA and MBA who most recently headed finance at a professional-service firm, to write about his current experience looking for a new position. In the second installment of a series, Starr advises how to structure the sear...

    By Gary Starr • June 11, 2010
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    CFOs on the Move: Week Ending June 11

    Viacom Inc. CFO Thomas Dooley has been promoted to chief operating officer, a newly created post. Dooley, who will continue as CFO until his replacement is found, also served as chief administrative officer at the entertainment company.Online travel company Orbitz Worldwide Inc. has announced tha...

    By Joan Urdang • June 11, 2010
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    Luke Skywalker, Supply-Chain Hero

    Hit hard by the economic downturn, participants from all parts of Corporate America — manufacturers, distributors, retailers, and customers — have been humbled. That has fostered a wave of sympathy, information sharing, and pricing cooperation among participants not so eager to play nice before, ...

    By David Katz • June 11, 2010
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    CFOs on the Move: Week Ending June 4

    Bruce Jaffe is the new finance chief at Glam Media Inc. He had served as corporate vice president of corporate development at Microsoft.DocuSign Inc., an electronic-signature platform provider, has named Mike Dinsdale to the top finance spot. He is a former CFO of Lithium.Brian Posner will lead t...

    By Joan Urdang • June 4, 2010
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    Best (and Worst) Overseas Assignments

    As companies become more and more global, it’s increasingly important for rising finance executives to have experience living overseas. For those who have the opportunity to work abroad, though, there’s good reason to be choosy. An annual look by Mercer at the quality of life in more than 200 cit...

    By Alix Stuart • June 4, 2010
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    How to Turn Off Your Customers

    Looking to help your company reinvigorate sales? It may be helpful to learn what your sales reps should not do. In a survey of more than 1,200 companies in the United States and Europe, McKinsey & Co. sought to learn which sales-rep practices are most destructive to B2B company-customer relat...

    By CFO Editorial Staff • June 1, 2010
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    “This Is the Era of Smarter Medicine.”

    Richard Rubino began college with an interest in dentistry, but ended up in quite a different part of the world of medicine. As the CFO of Medco Health Solutions, the country’s largest pharmacy-benefits manager, Rubino helps to provide prescription medications to approximately 65 million people. ...

    By Alix Stuart • June 1, 2010
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    CFOs on the Move: Week Ending May 28

    Jeff Kaminski will become head of finance at homebuilder KB Home, effective June 7. Most recently, he was CFO of Federal-Mogul Corp.Qliance Medical Management Inc. has named Robert Nakahara to lead finance. He comes to the firm from financial-consulting company Tatum LLC, where he was a partner.M...

    By Joan Urdang • May 28, 2010
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    Notes from a Job Search: Starting Up

    Finance executives have access to plenty of generic job-search advice, but peer-to-peer counsel remains invaluable. With so many people caught between jobs these days, CFO asked Gary Starr, a CPA and MBA who most recently headed finance at a professional-service firm, to write about his current e...

    By Gary Starr • May 26, 2010
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    When Disaster Is Your Job

    The devastating earthquakes in Haiti and Chile earlier this year brought new attention to disaster relief and the nonprofit agencies that provide it. One of the largest such agencies is World Vision, a Christian humanitarian organization. Last year its U.S. branch spent over $1 billion in more th...

    By Alix Stuart • May 25, 2010
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    Health-Reform Costs Become Clearer

    Piece by piece, CFOs are getting a clearer understanding of how health-care reform will affect their costs. According to a recent survey by Mercer, 41% of companies expect to see their annual costs increase by 2% or less when the Patient Protection and Affordable Care Act’s most immediate provisi...

    By Alix Stuart • May 24, 2010
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    CFOs on the Move: Week Ending May 21

    Todd Graber is the new finance chief at Pink OTC Markets Inc. Previously, he was CFO at Quadriserv.CFO Marcel Smits will step in as interim CEO at Sara Lee Corp. while Brenda Barnes takes a temporary leave of absence for medical reasons. Smits came to the company in October from Dutch telecommuni...

    By Joan Urdang • May 21, 2010
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    What Makes a CEO Successful?

    For finance chiefs who have their sights trained on the corner office and want to develop their skill-sets accordingly, here’s a provocative notion: treating people with respect and being a good listener may not be all that important to becoming a successful CEO.That seems to be the case at priva...

    By Alix Stuart • May 19, 2010
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    How to Get Beer Across the Border

    Before April 30, Heineken USA was the exclusive importer for FEMSA, a Mexican brewer noted for a portfolio of popular beers. At that point the company’s Dutch parent, Heineken, officially acquired FEMSA, thereby becoming the owner of the portfolio and its crown jewel: Dos Equis, one of the hottes...

    By David Katz and Vincent Ryan • May 14, 2010
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    CFOs on the Move: Week Ending May 14

    McAfee Inc. has named Jonathan Chadwick to lead the finance function, effective June 14. He takes over at the security-technology company from Rocky Pimentel, who announced in February that he would retire. Chadwick comes to the firm from Cisco Systems Inc., where he most recently was CFO, Global...

    By Joan Urdang • May 14, 2010
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    CFOs on the Move: Week Ending May 7

    As part of a corporate restructuring, group president Ed Rapp will add the role of finance chief to his position at Caterpillar Inc. He replaces Dave Burritt, who will retire on June 1 after more than 32 years at Caterpillar.David O’Toole has been appointed to head finance at Response Genetics In...

    By Joan Urdang • May 7, 2010
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    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
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    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
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    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
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    “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
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    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
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    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
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    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
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    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