Human Capital: Page 79
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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.
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.
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.
“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.
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.
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 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Jobs Outlook: Help Not Wanted
There have been times when a sharp rise in the productivity of American business would have been greeted as unambiguously good news-a miracle, even. But the announcement on August 11th that productivity had jumped by 6.4% in the second quarter, and had increased by 1.8% compared with a year earli...
By Economist Staff • Aug. 14, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFO Brings Big Ideas to a Small Company
Colleagues and friends told Jeff Richard he was crazy to give up his career as a finance executive at big public companies to take a job with a small private firm. But Richard, though mindful of the potential scar that such a move could leave on his résumé, could not resist the appeal of a meaty ...
By David McCann • Aug. 12, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Knotting the Purse-strings
Washington’s politicians have relished the many chances to fulminate against reckless executives presented by the economic crisis, and to restrain them with regulation. Congress took advantage of the bail-out to impose caps on bonuses paid by banks taking money from the state. The uproar over bon...
By Economist Staff • Aug. 6, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending August 7
Gregory Kleffner has been named senior vice president, finance, and CFO at retailer Stein Mart Inc., effective August 10. Previously, he was CFO at Kellwood Co. Kleffner takes over from James Delfs, who is retiring.Robert Farrell is the new head of finance at nonprofit pharmaceutical company Inst...
By Joan Urdang • Aug. 6, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Downturn Knocks 15% Off Retirement Plans, Study Finds
Median retirement account balances in defined-contribution plans dove by at least 15% from the end of 2007 to mid-June of this year, according to an analysis of Federal Reserve data issued Tuesday by the Employee Benefit Research Institute.The drop in median asset levels in 401(k) plans, individu...
By David Katz • Aug. 5, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending July 31
Frank Connor will become CFO of multi-industry firm Textron Inc., effective August 1. Connor comes to the company after 22 years at Goldman, Sachs & Co., where he most recently served as managing director and head of telecom investment banking. He takes over from acting CFO Richard Yates, who...
By Joan Urdang • July 31, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Companies on CFOs: Love the One You’re With
The churn rate among CFOs at Fortune 1,000 companies dropped markedly in the first half of 2009. After two straight years during which 24% of the positions were open at some point during the year, only 70 posts — or 7% — opened up in the recently ended six-month period.The trend actually began sh...
By David McCann • July 30, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Health Reform Would Tie Employers’ Hands, Lobbyists Say
If President Obama’s health-insurance reform package gets enacted in anything like its current shape, the role of employers as benefit providers will shift from that of a steward to that of a gatekeeper, accounting industry lobbyists and consultants say.In other words, corporate executives will h...
By David Katz • July 27, 2009
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