Human Capital: Page

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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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 • June 12, 2009
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    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
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    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
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    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
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    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 • June 4, 2009
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    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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    Leadership in Finance: ICAEW’s Carolyn Bresh

    “I was young and didn’t know any better. I said, ‘I’ll go and do it.'” Thus, in 1993, a 26-year-old Carolyn Bresh boarded a plane from London to New York with five days’ notice to become acting US CFO of Blenheim Exhibitions, an events company where she had been group accountant.With no local fin...

    By Tim Burke • June 1, 2009
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    “I Should Have Said No.”

    At 66, Aaron Beam is getting on with his life. Six years ago Beam made headlines by admitting that he cooked the books at HealthSouth Corp., the Birmingham, Alabama-based provider of inpatient and outpatient rehabilitation services that he co-founded. The four men who succeeded Beam as finance ch...

    By Edward Teach • June 1, 2009
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    Fray on Pay

    When it comes to the public outcry over executive compensation, the sounds of protest may have faded but the fury lives on. Bands of placard-carrying citizens have disappeared from lower Manhattan, but efforts to rein in what many perceive as outrageous paydays are, if anything, intensifying. Fro...

    By Russ Banham • June 1, 2009
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    Prescription for Progress?

    Capitol Hill will be steamier than usual this summer as lawmakers press ahead on health-care reform. House and Senate leaders have pledged to have legislation on the table by late July, and President Barack Obama has urged both houses to make that deadline. “We’ve got to get it done this year,” O...

    By Alix Stuart • June 1, 2009
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    CFOs on the Move: Week Ending May 29

    Health-service company CIGNA Corp. has promoted Annmarie Hagan to executive vice president and CFO. She succeeds Michael Bell, who is resigning after 25 years with the company. Hagan, who became chief accounting officer at CIGNA in 2001, added the title of controller last year.Matthew Appel is th...

    By Joan Urdang • May 28, 2009
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    European Compensation Crackdown Seen

    The European Commission is gearing up to mandate compensation restrictions for financial institutions and all companies listed on stock exchanges in the European Union, if member states do not voluntarily implement recommendations that the EC issued on April 30.That would be near-anathema to the ...

    By • May 27, 2009
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    CFOs on the Move: Week Ending May 22

    Deb Thomas, senior vice president and head of corporate finance at Hasbro Inc., has been promoted to CFO. She has been at the company since 1998; before that she worked at KPMG Peat Marwick.Executive recruiter Korn/Ferry International announced the appointment of Michael DiGregorio as executive v...

    By Joan Urdang • May 21, 2009
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    CFOs on the Move (Europe): Week Ending May 22

    Dutch telecoms group KPN announced that Marcel Smits, CFO since 2004, will leave the company by the end of the year. He “expressed the desire to pursue his career in a more internationally-oriented environment,” the company said in a statement. Before a permanent replacement is found, controller ...

    By Jason Karaian • May 21, 2009
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    Obama Picks Top Treasury Finance Posts

    President Obama has chosen Daniel Tangherlini, deputy mayor of Washington, D.C. and former CFO of the District’s police department, to oversee the finances of the U.S. Treasury Department.If approved by the Senate, Tangherlini will be in charge of the department’s budget and oversee various progr...

    By Sarah Johnson • May 18, 2009
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    CFOs on the Move (Europe): Week Ending May 15

    Novartis, a Swiss pharmaceuticals group, has poached Jonathan Symonds, a managing director at investment bank Goldman Sachs, to become its new deputy CFO and CFO designate. Symonds, a former CFO at AstraZeneca, will join Novartis in September, initially reporting to finance chief Raymund Breu, wh...

    By Tim Burke • May 15, 2009