Human Capital: Page 74

  • 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 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 • March 25, 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

    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
  • 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

    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
  • 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 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
  • 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 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
  • 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

    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
  • 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 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
  • 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 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
  • 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 5

    Consultancy ICF International Inc. has appointed Ronald Vargo to head finance, effective April 1. He succeeds Alan Stewart, who had announced his intention to retire at the end of March. Vargo comes to the firm from EDS, where he was also CFO.TradeBeam Inc. has promoted Doug Harrison to finance c...

    By Joan Urdang • March 5, 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 Snapshot of the Image Business

    If imitation is indeed flattery, then Shutterstock, which offers a vast library of downloadable digital images, should have a healthy ego. But because the six-year-old company’s business model has spawned a number of imitators, its CFO and president, Adam Riggs, is focused largely on how to grow ...

    By • March 4, 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

    Founder CEO, Fired CFO?

    Finance chiefs have any number of reasons to be cautious when joining a company whose CEO is also a founder, not the least of which is how much control they’ll be afforded over the finances. Now a new academic study offers one more item to put on the list: a higher likelihood of being fired when ...

    By Alix Stuart • March 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

    Lords of the Brass Ring

    Your phone may be about to ring, and you may want to answer it. Executive turnover, which usually proceeds at a brisk pace, ground to a near-halt last year as many CFOs and CEOs chose to stay put rather than risk moving to a new and possibly worse-off company. Boards also hesitated to replace top...

    By Kate O'Sullivan • March 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

    “Because It’s the Right Thing to Do.”

    In 1984, Richard Galanti was a young investment banker at Donaldson, Lufkin & Jenrette when a Seattle-area start-up retailer invited him to become its vice president of finance. He is now starting his 27th year as finance chief of Costco Wholesale Corp., which has become the nation’s third-la...

    By Edward Teach • March 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 Crisis Is in the Mail

    Speaking recently from snowbound Washington, D.C., Joseph Corbett sounded remarkably cheerful for the CFO of a business that may not be able to pay its bills after September 30, the end of its fiscal year. That’s the worrisome plight of the $68 billion U.S. Postal Service, which is struggling to ...

    By David Katz • Feb. 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

    CFOs on the Move: Week Ending February 26

    Barry Rowan is the new CFO, treasurer, and chief administrative officer of Vonage Holdings Corp. He is a former CFO and treasurer of Nextel Partners Inc.Pizza restaurant chain Shakey’s USA Inc. has named Jake LaJoie to head finance. Previously, he was a vice president at Argonne Capital Group.Wil...

    By Joan Urdang • Feb. 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

    CFOs on the Move: Week Ending February 19

    The Hartford Financial Services Group has named Christopher Swift as its new CFO, effective March 1. He succeeds Lizabeth Zlatkus, who will become chief risk officer at the company. Previously, Swift was vice chairman and CFO of American Life Insurance Co.Martin Ellen will become finance chief at...

    By Joan Urdang • Feb. 19, 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 February 12

    Social-networking service Twitter has named Ali Rowghani as its first CFO. Rowghani, who currently holds the top finance spot at Pixar Animation Studios, will join Twitter in March.L. Heath Sampson is the new head of finance at SquareTwo Financial. Previously, he was CFO of the Financial Services...

    By Joan Urdang • Feb. 12, 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

    Sweet Surrender

    Chris Liddell made out well at both ends of his recent job transition from CFO of Microsoft to the same post at General Motors. Besides getting a boost to his base salary — $750,000 at GM, up from $561,667 in 2009 at Microsoft — Liddell also received from Microsoft a parting gift of $1.9 million....

    By Alix Stuart • Feb. 11, 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

    Downturn in Turnover

    CFO turnover at big companies dropped by 28% last year, as boards shied away from nonessential change and private-equity firms slowed their efforts to woo public-company executives, according to new data from executive-recruiting firm Heidrick & Struggles.Only 13% of all Fortune 1,000 CFO sea...

    By Alix Stuart • Feb. 10, 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 Healthy Increase

    How much will health-care costs go up in 2010? According to the Duke University/CFO magazine Global Business Outlook survey of financial executives in the fourth quarter of 2009, the increase will average 6.8% over the next 12 months. That’s up from the previous quarter’s estimate of 6.0%.“This i...

    By Alix Stuart • Feb. 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

    CFOs on the Move: Week Ending February 5

    Jeffrey Harris is moving up from vice president of finance to CFO at children’s clothing retailer The Gymboree Corp., replacing current CFO and COO Blair Lambert in the top finance role. Lambert will remain as COO through the third quarter of this year.Nanotechnology company Arrowhead Research Co...

    By Joan Urdang • Feb. 5, 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

    No More Peanut-Butter Pay

    While the world waits to hear who will get what out of Goldman Sachs’s $16.2 billion bonus pool, a recent survey of financial-services professionals shows the variation in individual bonus amounts is growing.In general, more Wall Street professionals are getting bonuses for 2009 than did for 2008...

    By Alix Stuart • Feb. 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

    Escaping the Executive Bubble

    Many CFOs know what it’s like to ask a room full of employees if they have any questions — only to be met with deafening silence. Even when the finance chief earnestly solicits queries, employees often clam up. Perhaps they’re not engaged. Perhaps they doubt an honest answer. These days, they sim...

    By Kate O'Sullivan • Feb. 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

    What Will Companies Do?

    As health-care reform moves forward, many CFOs face a dilemma: should they continue to invest in programs that might rein in costs over the long term, or stop providing insurance altogether, given the disincentives contained in current versions of the legislation?At press time, at least two eleme...

    By Alix Stuart • Feb. 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

    Fraud Case Casts Doubt over Sarbox Exemption

    If allegations that a finance executive pilfered as much as $31 million over five years from Koss Corp. prove true, it won’t just be bad news for Koss: it may also deal a blow to those who hope that smaller, publicly traded companies will be exempted from full compliance with the Sarbanes-Oxley A...

    By Sarah Johnson • Feb. 1, 2010