Human Capital: Page 76
-
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending January 15
Bank of America Corp. CFO Joe Price has a new job: as of February 1, he will be president of the company’s consumer, small business, and card banking division. Chief accounting officer Neil Cotty will become interim finance chief while an external search for Price’s successor is under way.Restaur...
By Joan Urdang • Jan. 15, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Power Hitters, Industry Switchers
Chris Liddell, the newly installed General Motors CFO, could be the poster boy for the portability of finance skills. Coming from tech giant Microsoft, Liddell has a sterling reputation but no direct experience with the auto industry and its various manufacturing and distribution challenges.To be...
By Alix Stuart • Jan. 14, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Do Wellness Programs Make Cents?
While employee health-improvement programs have become more and more popular as a way to contain firms’ health-care costs in recent years, very few companies actually know how much their investments in such programs as on-site flu shots and free annual checkups are yielding, according to a recent...
By Alix Stuart • Jan. 13, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Giving Up on Federal Help, E*Trade Turns to Self-Help
Talk about the challenges of a new job. The day Bruce Nolop joined E*Trade Financial as the online brokerage and banking firm’s CFO — September 12, 2008 — was also the day before the weekend leading up to what many people regard as the epicenter of the financial crisis: the declaration of bankrup...
By David Katz • Jan. 12, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending January 8
As part of a company restructuring, Dow Jones & Co. finance chief Stephen Daintith will add the title of chief operating officer to his role. Prior to becoming CFO in 2008, Daintith headed finance at News International.Steven Bensinger has joined The Hanover Insurance Group Inc. as senior fin...
By Joan Urdang • Jan. 8, 2010 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending January 1
Mark Faris has been promoted to lead the finance function at SRI/Surgical Express Inc., a provider of supply-chain management and central-processing services to surgery centers and hospitals. Faris started at the firm in 2007 as controller, and has been interim principal financial officer since A...
By Joan Urdang • Dec. 31, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Farewell, Company Health Plans?
For the past 19 years, Frank Santos, CFO of the privately held, seven-property Rosen Hotels and Resorts in Orlando, Florida, has prided himself on delivering high-quality health care to his employees in a unique and low-cost way.In 1991 the company set up a primary-care clinic in one of its hotel...
By Alix Stuart • Dec. 31, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Best of 2009: Employee Benefits
Snip, snip, snip. That’s the sound of employee benefits being trimmed, often to save the very jobs of the employees in question, and a sound that was heard almost continuously in 2009. Foundational benefits such as 401(k) matches went out the door in many companies, accompanied by other nice-to-h...
By CFO Editorial Staff • Dec. 31, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Best of 2009: Careers
It was the year of the CFO in more ways than one, as the finance chief’s role expanded by necessity at many companies. All of the standard challenges were still there, such as leading the finance organization. But as CFO noted, plenty of new challenges emerged in 2009, such as maintaining liquidi...
By CFO Editorial Staff • Dec. 28, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending December 25
Chris Liddell has been named vice chairman and CFO of General Motors. He will leave Microsoft, where he has headed finance since 2005, on December 31. Liddell succeeds Ray Young, who has been appointed vice president, international operations.Retailer Urban Outfitters Inc. has announced that John...
By Joan Urdang • Dec. 24, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
From Windows to Windshields
He may not be in a frying pan, but he is definitely leaping into a fire. General Motors announced Monday that Chris Liddell, currently CFO of Microsoft, will take over the automaker’s finance reins in 2010. He will replace Ray Young, GM’s finance chief since March 2008.Liddell, who joined Microso...
By David McCann • Dec. 21, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending December 18
Jean-Marc Huet is leaving his post as finance chief at pharmaceutical firm Bristol-Myers Squibb Co. at the end of the year to take the same position at Unilever. He will be replaced on an interim basis at by Charles Bancroft, who has been named acting CFO. Bancroft joined Bristol-Myers Squibb in ...
By Joan Urdang • Dec. 18, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Checking on Risky Pay
If a compensation policy could be harmful to a company’s health, the Securities and Exchange Commission wants investors to know about it.Last week the regulator approved a laundry list of new disclosure rules that will apply to virtually all proxy statements issued next year. The centerpiece of t...
By Alix Stuart • Dec. 18, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Deferred May Not Be Preferred
For executives who have been deferring parts of their compensation, 2010 may be the time to rake in their winnings. While it’s rarely advantageous to pay taxes sooner rather than later, the likely expiration of former President Bush’s tax cuts at the end of next year could make doing so a relativ...
By Alix Stuart • Dec. 15, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending December 11
Ronald Dissinger has been promoted to CFO at Kellogg Co. He had been CFO of Kellogg North America.Morgan Stanley has named Ruth Porat to the top finance spot. Porat, who had been global head of the financial institutions group since 2006, replaces Colm Kelleher, now co-president of institutional ...
By Joan Urdang • Dec. 11, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending December 4
Juan Figuereo has been named finance chief at consumer-products maker Newell Rubbermaid Inc., replacing J. Patrick Robinson, who is retiring. Previously, Figuereo was CFO of Cott Corp.Vice chairman John Woods is now leading finance at UnionBanCal Corp. and its main subsidiary, Union Bank NA. He t...
By Joan Urdang • Dec. 4, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
401(k) Contributions Are Back
As the holidays approach, a growing number of companies say they will soon put more money into workers’ retirement stockings.In recent weeks a number of large companies, including JP Morgan Chase, Federal Express, and Black & Decker, have announced plans to reinstate suspended 401(k) matches,...
By Alix Stuart • Dec. 4, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Keen to Be Lean
Even as they wait to see what impact health-care reform may have on their businesses, CFOs at the nation’s hospitals and health-care groups are working hard to streamline their operations and drive costs down as profits slide.To do that, they are open to any sources of inspiration. When ThedaCare...
By Josh Hyatt • Dec. 1, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
“You Don’t Manage by Models.”
When the federal government subjected the country’s 19 largest bank holding companies to a stress test last spring, one company in the test stood out: MetLife. That’s because MetLife is better known as a diversified life insurer, the nation’s largest. With assets of $535 billion, it may be too bi...
By Edward Teach • Dec. 1, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
A Tax Credit? No Thanks
With more than 100,000 full- and part-time workers on his payroll, Costco Wholesale Corp. CFO Richard Galanti isn’t opposed to a jobs tax credit that would offset a portion of new employees’ salaries. But would he hire more people just to receive such a credit? Probably not.“Why would we hire som...
By Russ Banham • Dec. 1, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
What Share Is Fair?
Even in a year when bonus pools are shallow, if not completely dry, few would dispute the merits of merit-based pay. In fact, many companies are planning to widen payout differences among employees, says Ilene Gochman, director of Watson Wyatt’s organization effectiveness practice, because they w...
By Alix Stuart • Dec. 1, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
A Question of Balance
Complain all you like about the 401(k) plan, but it is not going away.True, 401(k)s have not proved to be the perfect substitute for pension plans. Workers tend not to use them to full advantage, and employers don’t always follow best practices in designing them. Participants’ account balances to...
By Randy Myers • Dec. 1, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
All Eyes on Reform
It’s a paradox: For years, CFOs have bemoaned the continually rising cost of health care and have spent countless hours assessing what percentage of those costs can be passed through to employees. Yet when talk turns to reform efforts, many CFOs are lukewarm about the prospect, if not openly host...
By Kate O'Sullivan • Dec. 1, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
After 16 Years, a CFO Returns
It’s an unusual career arc that brings a CFO back to a company for a second go-round, especially when the two tenures are separated widely in time. Such is the case with W. Anderson “Andy” Bishop, who first served as finance chief of Hallador Petroleum from 1990 to 1993, then returned to the post...
By David McCann • Nov. 30, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Nov. 27
Microsoft Corp. CFO Chris Liddell will leave the company at the end of the year. He will be replaced by Peter Klein, who currently heads finance for Microsoft’s Business Division. Liddell has been at Microsoft since 2005; before that, he was CFO at International Paper Co.Planet Payment Inc. CFO S...
By Joan Urdang • Nov. 25, 2009
Previous
