Human Capital: Page 80
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending July 24
Xerox Corp. CFO Lawrence Zimmerman adds the title of vice chairman to his position. He has been at the company since 2002.Benjamin Palleiko has been named senior vice president and CFO of OrePharmaceuticals Inc. Previously, he was senior vice president, corporate development, and CFO at Penwest P...
By Joan Urdang • July 23, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Big Thaw? Pension Freezing Inches Up
Despite the recession, the number of big companies with frozen pension plans has followed a recent pattern by only inching up over the past year. A study by consulting firm Watson Wyatt shows that, among 607 Fortune 1000 companies that currently sponsor defined-benefit plans, 31% have at least on...
By David McCann • July 23, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
What to Do on the Way to CFO
There seems to be little room at the top of finance for women these days. According to CFO magazine’s recent count, only 9% of the Fortune 500 have female finance chiefs. But if female controllers, treasurers, and vice presidents of finance face a long wait to become CFO, that doesn’t mean their ...
By Jane Coulter • July 22, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Taking a Scalpel to Costs
Earlier this month America’s hospital bosses gathered in Washington, DC, with vice-president Joseph Biden. To the amazement of many, they vowed to accept a cut of $155 billion in their expected revenues over the next decade as part of a grand bargain on health-care reform. How can they justify gi...
By Economist Staff • July 17, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending July 17
Thomas Carter is the new head of finance at Nexstar BroadcastingGroup, effective August 3. He takes over from Shirley Green, who has been interim CFO since May. Previously, Carter was managing director, media telecom corporate investment banking, at Banc of America Securities.Lawrence Gyenes has ...
By Joan Urdang • July 17, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
“Every Day Is Different.”
Some CFOs may play a musical instrument, but how many have won a Grammy? Alison Brown has. She’s a critically acclaimed banjo virtuoso whose distinctive style blends bluegrass with jazz and other musical genres. She’s also finance chief of Compass Records, an independent, artist-run “roots music”...
By Edward Teach • July 15, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Power Struggle
This spring, 30 women gathered at Verizon Communications’s operational headquarters in Basking Ridge, New Jersey, for Doreen Toben’s retirement party. All had been either promoted or informally mentored by Toben, who spent seven years as CFO of the $97 billion communications giant and 20 years in...
By Kate O'Sullivan • July 15, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Deadlines Loom for Parity In Mental Health Benefits
Since provisions of the new mental-health-parity law apply to benefit-plan years beginning in January 2010, companies should assess their benefits this summer and make the necessary adjustments in time for fall open-enrollment periods, experts suggest.Yet amid the bailout hubbub last fall, many C...
By Kate O'Sullivan • July 14, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Taking Their Lump Sums
Some say that eliminating matching contributions to 401(k) plans is a no-brainer. But that isn’t necessarily true. The author of a new study on retirement benefits says companies that suspend or eliminate matching contributions to 401(k)s and other retirement plans may save money in the short ter...
By Josh Hyatt • July 10, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending July 10
Citigroup Inc.’s CFO, Edward (“Ned”) Kelly, has been promoted to vice chairman of the company. He will be replaced by John Gerspach, Citi’s controller and chief accounting officer. In addition, Gary Crittenden, a former Citi CFO and now chairman of Citi Holdings, will be leaving the company and r...
By Joan Urdang • July 10, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending July 3
David Ebersman is the new head of finance at social-networking site Facebook. Ebersman, formerly executive vice president and CFO at Genentech, will start at his new position in September.Hosted document-management company eGistics Inc. has appointed Timothy Kick to head the finance function. Kic...
By Joan Urdang • July 2, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Leadership in Finance: ICE Energy’s David Schwarzbach
It’s not every corporate finance chief who authors an article in Scientific American opining on Iran’s nuclear weapons program. But David Schwarzbach didn’t take an ordinary route to the CFO seat.The 40-year-old finance chief of ICE Energy studied physics and ecology – not finance – as an undergr...
By Marie Leone • June 30, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The Recession and Pay: the Quiet Americans
Back when times were better and the newspaper industry wasn’t fighting for dear life, reporters at the Cleveland Plain Dealer would regularly grumble at the measly pay increases their union negotiated. Last month, when the union announced it had negotiated a 12% pay cut in exchange for a promise ...
By Economist Staff • June 26, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Leadership in Finance: CDW’s Ann Ziegler
Major changes began at CDW well before the market meltdown of last fall. Formerly listed on Nasdaq, the seller of computer hardware, software, and services went private in October 2007, after the credit crunch had begun but nearly a year before the economic crisis exploded last September. The com...
By Kate O'Sullivan • June 26, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending June 26
CBS Corp. has announced the promotion of Joseph Ianniello to CFO, effective July 20. He has been deputy CFO since November 2008. He takes over from Fred Reynolds, who is retiring .Virginia Wilson will be leaving hospitality company Wyndham Worldwide Corp., where she is CFO. The company has starte...
By Joan Urdang • June 25, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Changes on the Way for Target Date Funds?
For a while now, target date funds have seemed like a good option for retirement plan investors, many of whom don’t want to sort through dozens of funds and don’t know how to determine the right mix of investments to suit their retirement needs or their risk tolerance. Instead, plan participants ...
By Kate O'Sullivan • June 24, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending June 19
Tim Morse has been appointed to the top finance spot at Yahoo. Previously, he was CFO at semiconductor company Altera Corp., and he worked at General Electric for 15 years.John Bax has been named CFO at RecycleBank, a recycling rewards program. Bax headed finance at Sentient for four years, and b...
By Joan Urdang • June 18, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Pension Woes May Have Led to 401(k) Cuts, Study Finds
Most employers that have stopped matching their employees’ 401(k) deductions have done so in the face of mounting defined-benefit pension liabilities and other retirement-plan burdens. That’s the main takeaway from a study issued today by the Employee Benefit Research Institute of 251 401(k) pl...
By David Katz • June 16, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Leadership in Finance: MF Global’s Randy MacDonald
J. Randy MacDonald says he wanted a real challenge for his next role when he was in between jobs last year, following his seven-year CFO stint at TD Ameritrade. And he got it with options brokerage MF Global, which was just beginning to recover from a financial scandal.Last year, two months befor...
By Sarah Johnson • June 15, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
The End of Comp as We Know It?
The Obama Administration’s principles for executive compensation reform, announced on Wednesday by Treasury Secretary Timothy Geithner, may lack the teeth of pay limits imposed earlier on companies receiving federal bailout money. But several aspects of the government’s stated intentions suggest ...
By David McCann • June 12, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Workers Sticking by 401(k) Plans, Study Says
Employees aren’t giving up on 401(k) plans even as the long-term viability of this method of retirement savings has come into question during the financial crisis. Chalk it up to an increase of automatic enrollments, workers’ uncertainty about other savings options, or just plain laziness.After a...
By Sarah Johnson • June 11, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending June 12
Retailer Stein Mart Inc. has announced the retirement of senior vice president of finance and CFO James Delfs. Delfs, who has held the job for 14 years, will stay on to help in the search and transition period for his successor.James Dollive is the new executive vice president of finance and CFO ...
By Joan Urdang • June 11, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Leadership in Finance: Vanguard’s Tom Higgins
Tom Higgins is on constant deadline. As the CFO of Vanguard’s Fund Financial Services, he oversees the daily accounting of each of the firm’s more than 150 funds, whose net asset value gets publicly reported at the end of each business day. In addition, FFS, which has 325 employees, is responsibl...
By Sarah Johnson • June 10, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Headhunters Sniff Change in the Air for Exec Hiring
To gauge a headhunter’s mood, look no further than the economy’s health. With prospects for financial fortunes getting a smidgeon rosier, recruiters are growing more confident that companies will soon resume hiring executives.The surge in optimism is sudden. ExecuNet, a networking forum for execu...
By David McCann • June 4, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending June 5
Apparel maker Levi Strauss & Co. has appointed Blake Jorgensen executive vice president and CFO, effective July 1. He joins the firm from Yahoo Inc., where he also headed finance.William Corrigan has been named to the top finance spot at insurer Marsh & McLennanAgency LLC, a subsidiary of...
By Joan Urdang • June 4, 2009
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