Human Capital: Page 78
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Employee-Benefit Cost Pressures Plague CFOs, Survey Finds
Of all the pricing pressures that senior finance executives are most worried about, employee benefits tops the list by far, according to the results of a Grant Thornton survey released Monday. Fully 77% of the 846 U.S. CFOs and senior comptrollers participating pointed to benefits-cost pressures,...
By David Katz • Oct. 19, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Waiting for the Dough
Sometimes, attaining success is a matter of patience. That’s especially true for executives at start-up companies not likely to feature a black bottom line for years.At Sanuwave, a company that develops innovative, noninvasive medical devices that use shock waves to treat a variety of ailments, t...
By David McCann • Oct. 16, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending October 16
Mark Williams, CFO of Mediware Information Systems Inc., will resign from his position, effective November 4, for another business opportunity. Williams joined the company as controller in 2004 and took over the top finance spot in 2006. A search is under way for his replacement; in the meantime,...
By Joan Urdang • Oct. 15, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Ops-Savvy CFO Flies High
Accounting and capital-markets backgrounds sustain many a CFO. But for Doug Penner, who heads finance at ThyssenKrupp Aerospace, 16 years spent working for various operating units at Boeing instilled an operations orientation that he says continues to pay solid dividends in his current post.Large...
By David McCann • Oct. 14, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Cooling Off the Cash Burn
In 2005, just three years after the collapse of Arthur Andersen, the opportunities represented by the sudden exit of a giant professional-services firm loomed large in the minds of the founders of Integro, a privately held insurance-brokerage start-up. They looked around at the major insurance br...
By David Katz • Oct. 9, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Bankers’ Bonuses Hang in the Balance
A year ago, right after Lehman Brothers collapsed and the entire financial-services industry appeared to be within sight of a similar fate, eFinancialCareers.com asked 1,300 bankers about their expectations for their year-end bonuses. Thirty-six percent said they expected to get a bigger bonus th...
By David McCann • Oct. 8, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending October 9
Mark Rosenbaum has been named the first CFO of social-networking site MySpace. Most recently, Rosenbaum was a consultant to MGM; before that, he was senior vice president, corporate finance, at Gemstar-TV Guide.Hitachi Global Storage Technologies has named Michael Murray to head finance. He comes...
By Joan Urdang • Oct. 8, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Art of the Double Play
If you think it’s tough trying to guide a company through a recession, how about two companies? But Scott Mattox, CFO of a pair of trucking firms with a common part-owner, is comfortable with their financial performances this year. Both had solid bottom-line gains through August compared with las...
By David McCann • Oct. 5, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
DoL Eyes New Chrysler $5B Health-Benefits Deal
If an exemption proposed by the U.S. Department of Labor goes through, the New Chrysler Corp. could transfer a promissory note of about $4.59 billion and company shares to a voluntary employees benefit association plan set up to fund health benefits for the retirees of the company currently emerg...
By David Katz • Oct. 2, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending October 2
Neil Salmon has been elected to head finance at specialty phosphate producer Innophos Holdings Inc. Previously, he was CFO of the Adhesives Business Group at Imperial Chemical Industries PLC.Hanover Real Estate Partners has named Romano Orlando to lead the finance function. He comes to Hanover fr...
By Joan Urdang • Oct. 2, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Waiting and Wondering
Health-care reform has followed a tortuous path so far, with various political factions coming together and then moving apart like glass beads in a kaleidoscope. At press time, at least six different plans were up for debate, including one directly from President Barack Obama and one from long-ti...
By Alix Stuart • Oct. 1, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
“It’s about Having the Best Products on the Shelf.”
Mark Buthman knows Kimberly-Clark from the inside out. In fact, he laughs, “it’s the only real job I’ve ever had.” Given that he went straight from college to the company, in 1982, the 48-year-old CFO isn’t kidding. Over the past 27 years, Buthman has held a number of positions at the $19.4 billi...
By Edward Teach • Oct. 1, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Michael Vick to Pay Back $400,000 to Pension Plan
The U.S. Dept. of Labor has obtained a consent judgment requiring National Football League player Michael Vick and his company, MV7 LLC, to repay at least $416,461 to a pension plan sponsored by the firm. The judgment also requires the Philadelphia Eagles quarterback, who served a 23-month prison...
By David Katz • Sept. 30, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How One CFO Left Links, Took Helm in Crisis
At 66, Michael Mancuso didn’t have to prove himself to anybody. After a career that spanned 22 years with General Electric, 7 years with United Technologies, and 14 years with General Dynamics (13 of them as CFO), he might have contented himself with “chasing a little white ball around the grass....
By David Katz • Sept. 30, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Wanted: Strategic CFOs. Again.
For a position as important as CFO, the requirements of the job seem to change with astounding frequency, driven by the macro trends of the moment.In the first years after Sarbanes-Oxley took effect, many companies wanted finance chiefs with technical accounting skills and backgrounds as controll...
By David McCann and Lori Calabro • Sept. 28, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending Sept. 25
President Obama plans to nominate Elizabeth “Beth” Robinson to head finance at the National Aeronautics and Space Administration. Robinson, who is now the assistant director for budget at the Office of Management and Budget, was deputy director of the Congressional Budget Office from 2003 to 2005...
By Joan Urdang • Sept. 24, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
J&J CFO: Biggest Nightmare Is Public Health Option
Reflecting a widespread fear expressed by many finance chiefs at the CFO Rising West conference in Las Vegas, Dominic Caruso, CFO of Johnson & Johnson, said on Tuesday that the prospect of a health system run by the federal government is the worry that keeps him up at night most often these d...
By David Katz • Sept. 23, 2009 -
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.
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.
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.
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.
“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
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