Human Capital: Page

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    Leadership in Finance: Maverik Lacrosse’s Billy Pymm

    Billy Pymm plays attack. That’s not his management style, although he and the other senior managers at Maverik Lacrosse label themselves entrepreneurs. Pymm, 35, is an attackman, the equivalent of a forward in hockey or soccer, in the Gotham Lacrosse league, an organization mostly made up of Wall...

    By Marie Leone • April 15, 2009
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    First-time CFO Risks Leaving a Big Fish

    Tiger Woods likes to talk about his passion for “being there on Sunday afternoon,” when a golf tournament’s outcome is decided — that is, for putting himself “in position to win.” The more often he does that, he figures, the more he will win.A similar mindset led Jeff McCombs to give up a high-pr...

    By • April 14, 2009
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    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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    Layoff Binge Spurs Severance-Policy Flux

    With so many companies laying off workers, revising severance-pay policies is in vogue as well. And while a majority of employers will save money under their new provisions, a sizable minority will not, according to a new survey.Among 180 companies surveyed by Hay Group, a human-resources consult...

    By • April 10, 2009
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    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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    Ex-CFO Sues Motorola for Firing Him

    Claiming that he was fired by Motorola on January 29 in retaliation for refusing to accept “unsubstantiated and misleading financial forecasts” by the company’s Mobile Devices unit, ex-CFO Paul Liska is suing the telecom for $1.5 million in severance pay plus punitive damages, according to Liska’...

    By David Katz • April 10, 2009
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    Memo from HR: We Do Too Create Value

    Rutgers University professor Richard Beatty sparked a verbal conflagration at last month’s CFORising conference, where he criticized the human resources profession for being mostly unable to talk the language of business and help companies build economic value. After his remarks were reported on ...

    By • April 9, 2009
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    CFOs on the Move (Europe): Week Ending April 10

    In July, Emmanuel Babeau will take over as CFO of French electrical equipment maker Schneider Electric. He replaces Pierre Bouchut, who is on his way to retailer Carrefour in May (see previous article). Babeau will join Schneider from drinks group Pernod Ricard. At Pernod Ricard, Gilles Bogaert w...

    By Jason Karaian • April 9, 2009
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    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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    For the Highest Paying CFO Jobs, Go to Europe

    As anger over the perceived excesses of executive pay runs high, this year managers will work harder to earn less. (See “Hard to Get.”) But according to a recently released report by Hewitt Associates, a consultancy, pay packages for CFOs at European blue chips may be able to withstand the downwa...

    By Jason Karaian • April 6, 2009
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    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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    CFOs on the Move (Europe): Week Ending April 3

    Osram, a German lighting manufacturer owned by conglomerate Siemens, appointed Thomas Schaffer as its new CFO. A career Siemens employee, Schaffer most recently served as a senior finance executive in the group’s healthcare division. He replaces Johannes Närger, who is now CFO for the home applia...

    By Jason Karaian • April 3, 2009
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    Recession? I’m Lovin’ It

    “I am taking over the job at a successful company,” Jérôme Tafani says. “You have to think hard before changing a strategy that is winning.” Few finance chiefs starting new jobs this year can expect to be so relaxed. But as Tafani settles in to the CFO post for McDonald’s  Europe, he finds the Am...

    By Jason Karaian • April 2, 2009
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    Hard to Get

    Last month, Jan Hommen made a “moral appeal” to senior staff at his firm to pay back the bonuses they received a few weeks earlier, such was the public anger about payouts at ING, the Dutch bank that’s been propped up by a government bailout. The tipping point, it turns out, was a 100,000-share a...

    By Jason Karaian • April 2, 2009
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    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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    Leadership in Finance: NetApp’s Steve Gomo

    For NetApp Inc., it was a bittersweet, ironic juxtaposition of events. On January 22, Fortune magazine rated the $3.3 billion data storage and management supplier as the best company to work for in the United States. Eighteen days later, the company announced plans to lay off about 6% of its 8,00...

    By • April 2, 2009
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    Yahoo Europe’s Emmanuel Frantz

    As Yahoo says hello to its new CEO Carol Bartz, former chief executive of software house Autodesk, and goodbye to Blake Jorgensen, group CFO since 2007, the finance team at the $7.2 billion (€5.3 billion) US internet service company must not miss a beat. Amid those internal changes, the economic ...

    By Janet Kersnar • April 2, 2009
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    401(k)risis

    See this year’s 401(k) Buyer’s Guide.Soon after Section 401(k) of the Internal Revenue Code took effect in 1980, it morphed from an obscure investment option into the goose that laid the golden nest egg.Has that goose been cooked?The value of the equities held in defined-contribution plans has de...

    By Lynn Brenner • April 1, 2009
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    “What We Do Is Life or Death.”

    Ever wonder how the Army, Navy, Air Force, and Marine Corps get the essential supplies they need to do their jobs — food, fuel, medical supplies, uniforms, repair parts, and more? Tony Poleo knows. As CFO of the Defense Department’s Defense Logistics Agency (DLA), the 47-year-old Poleo runs the f...

    By Lori Calabro • April 1, 2009
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    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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    Leadership in Finance: Fortinet’s Ken Goldman

    If the economy caught your company overburdened with debt or short of cash, then Ken Goldman’s financial advice is probably not going to help you. Good financial leadership, says the CFO of network security provider Fortinet, “starts with what you do when times are good.”In his long finance caree...

    By Tim Reason • March 31, 2009
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    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
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    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
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    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
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    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
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    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
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    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 • March 24, 2009
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    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
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    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
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    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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    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
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    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
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    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