Human Capital: Page 75
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 David McCann • March 4, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
“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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
All the Right Moves
Many finance executives are keen to boost staff morale, but few can rival Clyde Hosein’s creative — and potentially humiliating — effort. Last December, the CFO of Marvell Technology Group strutted his stuff, literally. Inspired by the choreographed “mob dance” that a Chicago crowd performed with...
By Alix Stuart • Feb. 1, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
“It’s a Game-Changing Technology.”
For years, proponents of alternative energy have claimed that the answer to global warming (and foreign-oil dependence) is literally blowing in the wind. The American Wind Energy Association (AWEA) maintains that wind power has the potential to generate more than double the electricity produced b...
By Edward Teach • Feb. 1, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending January 29
Robert Pollichino has been promoted to CFO of Madison Square Garden. Pollichino previously served as executive vice president of finance for the company, which expects to complete its spin-off from Cablevision Systems Corp. in February.Gladstone Investment Corp. has named David Watson to head the...
By Joan Urdang • Jan. 29, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Case for Insiders
While boards of directors tend to seek sitting chief executives to fill CEO vacancies, new research from Rice University suggests that promoting CEOs from within may be more effective — which could be good news for CFOs who want the top spot.In a study of 193 chief executives in the industrial se...
By Kate O'Sullivan • Jan. 28, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Compensation Restoration
A number of firms that cut executive salaries in 2008 or 2009 are in the process of reinstating them, according to a recent report by Equilar, an executive-compensation research firm.Equilar followed up with the 40 large companies it had flagged last year as reporting at least one executive salar...
By Alix Stuart • Jan. 26, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending January 22
Bob Komin has been named to head finance at Linden Lab, creator of virtual world Second Life. He comes to the company from solar-energy start-up Solexel, where he served as CFO for the past two years.J. Scott Di Valerio will be the new finance chief at Coinstar Inc., a self-service coin-counting ...
By Joan Urdang • Jan. 22, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
King Arthur’s Quest
Wanted: a CFO who can go toe-to-toe with a CEO in a confident, constructive way. One who sees compatibility between long-term profit…and kindness…. “When I say I’ve got a cool idea, the CFO latches on and helps me work it through.”These requirements, along with more-standard items such as previou...
By Alix Stuart • Jan. 21, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Bill for the Senate’s Bill
While Democrats reconsider their options to pass health-care reform legislation in the wake of Massachusetts Republican Scott Brown’s election to the Senate, others are counting the costs of the current Senate bill that is expected to be at the heart of that effort.Until recently, House and Senat...
By Alix Stuart • Jan. 20, 2010
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