Human Capital: Page 83
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Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
GM’s Henderson Takes Wheel from Wagoner
Frederick “Fritz” Henderson gave up the second-toughest job at General Motors Corp. for the toughest — as the Obama administration asked that CEO Rick Wagoner step down, and former CFO Henderson got the nod.The change at the driver’s seat at GM came amid elevated talk of potential bankruptcy in t...
By Marie Leone and Roy Harris • March 30, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move (Europe): Week Ending March 27
Thomas Eichelmann unexpectedly quit the CFO post at Deutsche Börse, the stock exchange operator, after only two years. The company explained his departure as due to “partial differences concerning individual business aspects.” CEO Reto Francioni will take over Eichelmann’s financial duties until ...
By Jason Karaian • March 27, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Return of the Job Cuts
After six weeks of steady declines in the pace of large layoff announcements, last week brought a reversal of the trend, with some of the biggest names in business paring their workforces.IBM, which earns roughly $1 billion in profits every month, confirmed earlier media reports that it plans to ...
By Stephen Taub • March 27, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Leadership in Finance: Baseball’s Jonathan Mariner
To invoke the name of a 1949 baseball movie: it happens every spring. Well, two things actually happen, observes Jonathan Mariner, the executive vice president of finance for Major League Baseball: one glorious for the game, and the other not so hot.Looking out at the potentially dire effects of ...
By David Katz • March 26, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Diebold Probe Costs CFO His Job
Diebold Inc. said CFO Kevin J. Krakora, who also is an executive vice president, resigned after receiving a Wells notice from the Securities and Exchange Commission. It said the notice was in connection with a previously disclosed investigation of the company.In addition, its prior finance chief ...
By Stephen Taub • March 25, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Over 50, Out of Work, Open to Change
Kenneth Zuerblis, the former CFO of ImClone Systems, just turned 50 and is out of work — and he could not care less. If his unemployment lasts for four years, he says, he won’t be bothered at all.Such a carefree attitude is a luxury that many other “in transition” finance executives in their 50s ...
By David McCann • March 24, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Citi Elevates CFO Crittenden
Citigroup has named chief financial officer Gary Crittenden to the newly created role of chairman of Citi Holdings. In addition, Edward “Ned” Kelly, previously the head of Citi’s global banking unit, will assume the role of chief financial officer.Crittenden will work with Mike Corbat, the interi...
By Stephen Taub • March 20, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Almost All Is Quiet on the Layoff Front
Only one U.S. company announced a four-figure layoff count last week, and the Labor Department reported that new jobless claims fell more than expected the week before. Could it be the beginning of the end of the employment plunge?It may be too early to say that: continuing unemployment claims se...
By Stephen Taub • March 20, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move (Europe): Week Ending March 20
Carrefour, a French retail giant, welcomes Pierre Bouchut as its new CFO in May. He replaces Eric Reiss, who will move to Brazil to take control of the region’s hypermarkets division. Bouchut joins from industrial group Schneider-Electric, and he also served previously as both CFO and CEO at Casi...
By Jason Karaian • March 20, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending March 20
Insurance claims processing software provider Solera Holdings has named Dudley Mendenhall as its CFO. Mendenhall most recently headed finance for Websense, Inc. At Solera he replaces Jack Pearlstein, who will remain in a consulting role through the current fiscal year.Meanwhile, Websense, a Web g...
By Kate Plourd • March 19, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
How to Use Headhunters and Find Finance Jobs
Going through executive recruiters may not be the only path to a top position. But you can’t afford not to make them part of your network, if there’s a chance you might, within the next year or two, find yourself entering the phase euphemistically known as a “transition.” Unfortunately, there’s ...
By David McCann • March 18, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
A Sudden Swoon for Executive Comp
With the public growing more ornery by the day over the compensation of corporate executives, companies in droves are acting with great speed to add restrictions and limitations to their pay policies, according to a new Watson Wyatt survey.As portrayed by the research results, the changes are sud...
By David McCann • March 17, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Layoffs Could Trigger COBRA Cash Crunch
Companies that have laid off workers in the past several months as a way to retain more cash may, paradoxically, suffer a near-term cash drain as a direct result of the layoffs.Under the stimulus package signed into law on February 17, the government will pick up the tab for 65 percent of COBRA c...
By David McCann • March 13, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
United Technologies Leads Layoff Parade
The pace of large layoff announcements increased last week after having slowed down for the previous four weeks.By far the largest reduction was by United Technologies Corp., which said it will eliminate 11,600 jobs as part of a wider global restructuring. The conglomerate, best known as the make...
By Stephen Taub • March 13, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs On The Move (Europe): Week Ending March 13
Royal Dutch Shell named Simon Henry as its next CFO, succeeding Peter Voser who is set to become the oil giant’s chief executive in July. Henry is currently executive vice president finance in Shell’s core oil and gas production division.Sanofi-Aventis has appointed Jérôme Contamine as CFO, who t...
By John Zhu • March 13, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending March 13
Royal Dutch Shell has promoted Simon Henry to CFO. He has been executive vice president of finance for Shell International Exploration and Production. Henry replaces Peter Voser, who will become CEO in July. Henry has worked for Shell since 1982, starting as an engineer at a refinery. Giuseppe “J...
By Kate Plourd • March 12, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Reality Check for Young Finance Pros
(Click here to view video of this and all other available presentations from the latest CFO Rising conference.)The expectations of entry-level corporate finance and accounting professionals have taken a dive right along with the economy, say speakers at the CFO Rising conference in Orlando.In a f...
By David McCann • March 11, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Hiring Standstill: It Could Be Worse
As job cut announcements continue — United Technologies said today that it expects to cut 11,600 workers — staffing firm Manpower Inc. released a new survey that concludes that the majority of U.S. companies plan to hold employee levels steady until they get a better read on consumer demand. Furt...
By Stephen Taub • March 10, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Memo to CFOs: Don’t Trust HR
Addressing a crowd of about 300 financial executives this morning, a professor of human resources soundly denounced the corporate HR profession for being mostly unable to provide analytics that are useful in making workforce decisions that build economic value.Most companies today spend too littl...
By David McCann • March 10, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Unemployment Shoots Up, with a Slim Silver Lining
The unemployment rate surged to 8.1 percent in February as 651,000 people lost their jobs, the Labor Department announced Friday morning. That figure does not include people who have given up looking for work altogether, a group that has doubled in size over the past month.The Labor Department al...
By Stephen Taub • March 6, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Economic Ills Stem On-the-job CFO Training
We may be at the point where we no longer say that the turnover rate of CFOs is high at large companies. The pace, formerly considered brisk, has become the new normal.For the past two full years and, generally, the quarters within them, the amount of churn at Fortune 1000 companies has stayed re...
By David McCann • March 5, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
CFOs on the Move: Week Ending March 6
Lehman Brothers Holdings has named William Fox CFO. Fox replaces David Coles, a managing director at the advisory company Alvarez & Marsal who has been serving as CFO since late September. Fox, who is also a managing director at Alvarez & Marsal, specializes in turnarounds. He has been s...
By Kate Plourd • March 5, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Is Option Repricing Making a Comeback?
As annual meeting time rolls around, more shareholders are finding companies asking them to approve proposals to reprice or exchange stock options that have slipped underwater.While repricings were popular in the years following the Internet bubble burst, shareholders more recently have had great...
By Kate Plourd • March 5, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
Leadership in Finance: China Wind’s Leo Wang
As the CFO of China Wind Systems, a small U.S.-based company that makes forged rolled rings – an essential part of wind turbine gearboxes – for companies in China, Leo Wang is well acquainted with two of the biggest potential growth engines in the currently growth-challenged world.On one hand, th...
By David Katz • March 3, 2009 -
Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
What CEOs Want
It’s unusual to come across debt issues, dividend increases and share buybacks much these days. And even more unusual to see a company doing all three. But that’s what Dutch telecom group KPN has been up to in recent months.“Our consistency is a great value,” claims its CEO, Ad Scheepbouwer. Tha...
By Jason Karaian • March 2, 2009
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