Human Capital: Page 78
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Taking the Back Door to Going Public
A small company offering a promising new technology needs financing to jump-start the drive toward financial success. Should it seek venture-capital funds? Make an initial public offering?Balqon Corp. (pronounced bal-con), which makes electric-powered trucks used to unload freight containers from...
By David McCann • Sept. 22, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Finds Signs of Life in the Rust Belt
Even before the downturn, the prospects for growth in America’s industrial heartland were grim. Now, with the troubles faced by the auto industry and its numerous offshoots, you might think that a CFO for a packaging and machine-parts manufacturer in Bloomfield Hills, Michigan — about 20 miles fr...
By David Katz • Sept. 22, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending September 18
Bob Eulau is the new finance head at electronics contract manufacturer Sanmina-SCI Corp. He comes to the company from Alien Technology Corp., where he was chief operating officer and CFO.Andrew Hajducky III has resigned as CFO and treasurer of financial-market data and analytics provider Interact...
By Joan Urdang • Sept. 18, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
DoL: Let GM Fund Benefits with Company Stock
Perhaps unleashing employer demand to fund benefit-plan liabilities with shares, the Department of Labor’s Employee Benefits Security Administration Thursday proposed to allow General Motors to transfer common stock, preferred stock, and a $2.5 billion promissory note to a health plan set up for ...
By David Katz • Sept. 17, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Sept. 11
Electronic-payment provider First Data Corp. has selected W. Patrick Shannon to head finance. Previously, he was CFO of BellSouth Corp. until its merger with AT&T Corp. Shannon replaces Phil Wall, who has been named CFO of Bank of America Merchant Services, an alliance between Bank of America...
By Joan Urdang • Sept. 11, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Power of the Balance Sheet
During the second quarter, sell-side analysts noted, the stock of Duke Energy Corp., the third-largest electric-power company in the United States, outperformed the utility index. Yet in that quarter, Duke reported flat earnings before interest and taxes compared with the same period last year, w...
By Marie Leone • Sept. 11, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
“This Is What You’ve Trained For All Your Life”
It’s a rare CFO who has had much fun during the recession. Earl Fry, who heads up finance for Informatica, a vendor of enterprise data-integration software, certainly isn’t one. And that’s despite the possibility that the economic ills ultimately will prove to be quite fortuitous for the company....
By David McCann • Sept. 10, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO: Stop Treating Your Inventories Like Fine Wine
Last year’s serious dip in consumer demand gave CFOs headaches over bloated inventory levels and forced companies to absorb big discounts — to the benefit of their customers but to the detriment of their earnings. But just as one person’s trash is another’s treasure, the dilemma for CFOs with swo...
By Sarah Johnson • Sept. 10, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Will Caterpillar’s Walgreens Deal Shrink Drug Costs?
Hal Rosenbluth, who, as president of Walgreens’s health and wellness unit, may have an interest in buttering up finance chiefs, observes that CFOs have an “innate” ability to find out the true cost of goods or services their companies are spending money on.Rosenbluth, whose company launched a dir...
By David Katz • Sept. 4, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Sept. 4
United American Healthcare Corp. has appointed Anita Davis to head finance. She takes over from Stephen Harris, who resigned from his position with the company but will continue on as a director. Davis is the founder and managing member of accounting firm Haynes, Maufus & Davis PLLC.Jeffrey A...
By Joan Urdang • Sept. 4, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Aging Workforce: How to Fight the Risks
The workforce is aging fast, and stakeholders — companies, governments, and others — have a narrow window of time to adapt. So says the World Economic Forum, which Wednesday issued an 80-page report outlining strategic options to address how stakeholders can strengthen financial sustainability, q...
By David McCann • Sept. 3, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Getting Back to Black Drives Toyota CFO
Editor’s note: Toyota Motor Sales U.S.A. CFO Tracey Doi will be a featured speaker at the CFO Rising West conference, September 21-23, 2009, in Las Vegas. For more information, click here.The word “excess” isn’t in CFO Tracey Doi’s vocabulary. As the finance chief of Toyota Motor Sales U.S.A., sh...
By Sarah Johnson • Sept. 3, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Pros and Cons of Interim Finance Gigs
Richard Block had been CFO of Avicon Group, a start-up supply-chain management consultancy and software maker, for eight years when it ran out of steam in 2006. His last duty was helping to dissolve the company. Then things really started to get tough.Despite his long finance career, which includ...
By David McCann • Sept. 1, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
I Pledge Allegiance…to My Pension Fund
Of all the ways they might cut back, CFOs don’t seem to be targeting pension plans. A recent survey of 191 U.S. finance executives by CFO Research Services on behalf of Towers Perrin finds a majority saying they plan to keep their plans rather than ditch them, and that they have the cash flow to ...
By David Katz and Alix Stuart • Sept. 1, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Crackdown Continues
Amid an explosion of proposals to limit and regulate executive compensation, public-company finance chiefs face a double whammy: the prospect of new constraints on their own earnings and new responsibility for providing an unprecedented level of disclosure about compensation in financial statemen...
By Josh Hyatt • Sept. 1, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
“This Is the Future.”
It’s a good time to be in the pharmacy business — just ask Walgreen Co. Despite the recession, the $59 billion drugstore chain is on pace to grow its revenues by 7% in fiscal 2009 (down from 9.8% growth a year ago). While other companies were cutting their dividends, Walgreen raised its own in Ju...
By Edward Teach • Sept. 1, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Advise and Shine
It is certainly much easier to be a motivational leader when the news is good and there are plenty of perks to dole out. When your latest pep talk includes a mention of free baseball tickets or, better yet, bonuses, you can be sure the troops will love you. But when the company is under intense p...
By Kate O'Sullivan • Sept. 1, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Women, Testosterone, and Finance
That the risk-taking end of the financial industry is dominated by men is unarguable. But does it discriminate against women merely because they are women? Well, it might. But a piece of research just published in the Proceedings of the National Academy of Sciences by Paola Sapienza of Northweste...
By Economist Staff • Aug. 28, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Tech Firms Drowning in Their Options
The economy and the stock markets may be perking up, but not nearly enough to push many stock options back above water. That’s especially true in the technology sector. At 90 of the 100 largest publicly held tech companies, at least some options granted in the past 10 years remained sunk as of Ju...
By David McCann • Aug. 28, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending August 28
AOL LLC, a division of Time Warner Inc., has named Arthur Minson as its new CFO. Previously, he was deputy CFO of Time Warner Cable. In his new role, Minson succeeds Nisha Kumar, who left AOL earlier this summer.Anne Lloyd, CFO and treasurer at construction aggregate and chemicals producer Martin...
By Joan Urdang • Aug. 27, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs Still Fighting to Retain Skilled Staff
The labor market is generally teeming with talent in search of work. But skilled finance and accounting employees are not necessarily any easier to find these days. Indeed, the accounting profession shed less than 2% of its jobs between June 2008 and June 2009, according to Ajilon Finance, and CF...
By Alix Stuart • Aug. 26, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Leadership in Finance: Christina Cook of the Bank of Marin
Before starting the interview process for her current job at the Bank of Marin, Christina Cook did what any candidate for the CFO position would do — she reviewed her potential employer’s financial results. What’s unusual, however, is that she found herself laughing.“I couldn’t believe it. I was ...
By Marie Leone • Aug. 26, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending August 21
As part of an organizational change, Nicholas Fanandakis, group vice president-applied biosciences at DuPont, has been named to head finance, effective November 1. Fanandakis, a 30-year DuPont veteran, replaces Jeffrey Keefer, who will transition to a new role within the company.Kevin Cash is the...
By Joan Urdang • Aug. 21, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
No Place Like Home
Holding tight to the devil that they know, CFOs are being conservative about switching employers during the recession. They do still leave — or lose — their jobs much more frequently than CEOs, though. When they do find a greener pasture, they’re likely to get some help with housing costs. So say...
By Kate O'Sullivan • Aug. 17, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending August 14
Adena Friedman has taken over the CFO role at Nasdaq OMX Group, replacing David Warren. Friedman, who has been at Nasdaq since 1993, had been executive vice president of corporate strategy and global data products, and will continue as head of corporate strategy.Tom Carlile, who has headed financ...
By Joan Urdang • Aug. 14, 2009
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