Human Capital: Page

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    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 • Dec. 21, 2009
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    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
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    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
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    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
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    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
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    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
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    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
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    “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
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    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
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    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
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    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
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    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
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    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
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    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 • Nov. 30, 2009
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    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
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    CFOs on the Move: Week Ending Nov. 20

    Two executives at The Walt Disney Co. will be swapping jobs. CFO Thomas Staggs, a 20-year veteran of the company, will become chairman of Walt Disney Parks and Resorts. He is replacing 23-year company veteran James Rasulo, who will become head of finance.Tim Martin has resigned from the top finan...

    By Joan Urdang • Nov. 20, 2009
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    Fiduciary Liabilities: Are You Covered?

    If you are a fiduciary for your employer’s retirement savings plan, you already know that life isn’t getting any simpler. Lawsuits against plan fiduciaries are on the upswing, and some fiduciaries have been found personally liable for plan losses under ERISA, the Employee Retirement Income Securi...

    By Randy Myers • Nov. 19, 2009
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    CFOs on the Move: Week Ending Nov. 13

    Former banker Mitchell Scherzer is the new head of finance at Hearst Corp. Most recently, he led the media practice at merchant-banking firm The Silverfern Group.Animation studio LAIKA Inc. has named Gary Raksis CFO. Formerly, he was head of strategic planning and corporate finance at DreamWorks ...

    By Joan Urdang • Nov. 13, 2009
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    A CFO’s Strategy: Verticals Within Verticals

    If not a match made in heaven, Lawson Software and its CFO, Rob Schriesheim, are at least a solid fit. To keep its footing in a market dominated by two much larger competitors, the company must have a very strategic orientation. And the finance chief, far from an accounting geek, has spent most o...

    By • Nov. 12, 2009
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    “We’ve Got to Find the Middle Ground”

    Often, when ominous noises emanate from this country’s complex financial machinery, Robert Pozen is called on for a diagnosis. The chairman of mutual-fund company MFS Investment Management and a lecturer at Harvard Business School, Pozen has a knack for delving into the nuts and bolts of tortuous...

    By Tim Reason • Nov. 10, 2009
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    Creating Buyers: The ESOP as Exit Strategy

    These are tough times for selling a privately owned business. Valuations are low as the economy struggles to emerge from its recession, and even where buyers and sellers can agree on price, it can be difficult to secure bank financing to complete a deal. That’s pushing some business owners to cre...

    By Randy Myers • Nov. 9, 2009
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    CFOs on the Move: Week Ending Nov. 6

    Anthony Vuolo, COO of health-information provider WebMD Health Corp., has added the title of CFO. Vuolo, who previously headed finance from 2005 until taking over the top operations post in 2007, replaces Mark Funston, who is leaving the company.Pharmacy company CVS Caremark has promoted David De...

    By Joan Urdang • Nov. 6, 2009
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    Inside the Mind of a Strategic CFO

    There are two routes to becoming a corporate CFO, says Richard Fearon, vice chairman and chief financial and planning officer for Eaton Corp., a $15.4 billion industrial manufacturer.Twenty years ago, most CFOs came through the accounting and controller route, recalls Fearon. Today, “you’d probab...

    By David Katz • Nov. 5, 2009
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    When CFOs Take the Top Spot

    When Greg Ebel was promoted from CFO to CEO of Spectra Energy last year, he expected his job at the $5.2 billion (in 2008 revenues) natural-gas company to be a lot tougher. Instead, Ebel has actually found his current role to be less stressful than his previous one. “The finance chief is accounta...

    By Alix Stuart • Nov. 1, 2009
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    Recession Impressions

    By CFO Editorial Staff • Nov. 1, 2009