Human Capital: Page 74
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 Vincent Ryan • April 22, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
“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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How to Hire a CIO
Hiring a chief information officer may be among the most important human-resources decisions a company makes. Unlike the head of sales, a business-line leader, or even the CFO, the CIO will touch every part of the business, end to end. How that executive performs over the long term will likely ha...
By David McCann • March 25, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Be Well (or Else)
Corporate wellness programs will likely retain their popularity when health-care reform is implemented, say experts. In fact, the bill signed into law by President Obama on Tuesday contains limited incentives for employers to provide them. But to ensure that wellness programs are effective, compa...
By Alix Stuart • March 23, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Health Reform: How Much Will It Hurt?
While much is uncertain about the future of health-care reform, one thing seems clear: many employers that currently offer health coverage will see their costs go up over the next three years if the budget reconciliation bill the House passed on Sunday clears the Senate without major changes.On t...
By Alix Stuart • March 22, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How to Get on a Board
By any measure, Geoff Hibner is an experienced financial executive. The 60-year-old Harvard MBA has been CFO of five companies (four public and one private), in industries from consumer products to manufacturing. He’s bought and sold companies, done stock buybacks and dividend issuances, and defe...
By Alix Stuart • March 19, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending March 19
Richard Goodman, CFO of PepsiCo, will leave his position at the end of the month and take on a new role as executive vice president responsible for global procurement and operations, business information systems, and postmerger integration. Goodman will be replaced as CFO by Hugh Johnston, execut...
By Joan Urdang • March 19, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Jerry York, Iconic CFO, Dies at 71
Jerome “Jerry” York, a pioneering and prophetic finance chief who served as CFO of IBM and Chrysler, died on Thursday after being hospitalized in Pontiac, Michigan, with a cerebral hemorrhage. He was 71.York was one of a handful of CFOs “who first put the title on the map,” says Julia Homer, vice...
By David Katz • March 18, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending March 12
The Dow Chemical Co. has tapped William Weideman for the top finance spot. Weideman, who has been interim CFO since November, has spent more than 30 years at the company, most recently as corporate controller. He replaces Geoffery Merszei, who is now chairman of Dow Europe and president of Dow Eu...
By Joan Urdang • March 12, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
A Prescription for Cutting Health-Care Costs
Jeff Henderson, CFO of Cardinal Health, may not know the future of health-care reform in the United States, but he is sure about what is needed.“The really big issue that will dictate whether health-care reform happens or not is…whether it helps get health-care costs under control,” the finance c...
By Alix Stuart • March 10, 2010
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