Human Capital: Page


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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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    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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    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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    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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    “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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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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