Human Capital: Page 86

  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs on the Move: Week Ending January 16

    • Lorne Phillips has been appointed CFO of Pioneer Drilling Company, effective February 1. For the 10 ten years Phillips has worked at Cameron International Corporation, most recently vice president and treasurer. • Camco Financial Corporation has promoted James Brooks CFO and treasurer. He’ll al...

    By Kate Plourd and John Zhu • Jan. 15, 2009
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Why Employees Are Like Napkins…

    With layoffs continuing to pulsate through Corporate America, CFO.com sat down with three veteran business management experts to talk about the thought process behind head-count reductions, alternatives to that drastic step, and how to move forward if you take it. The panelists — they were interv...

    By • Jan. 15, 2009
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Charter Ties Incentives to Debt Restructuring

    In an unusual twist on incentive pay, Charter Communications Inc. is offering incentives to executives tied to the restructuring of its debt.In a regulatory filing covering what it calls a restructuring value bonus plan (RVP), the nation’s fourth-largest cable company said that the plan is intend...

    By Stephen Taub • Jan. 14, 2009
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    The Human Side of IFRS

    The story of U.S. companies’ presumed forthcoming conversion to international financial reporting standards is not just about accounting and global commerce. It is also a people story: For starters, who should be trained (and when), who should provide the training, and what impact will an early m...

    By • Jan. 13, 2009
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Straight from the Students’ Mouths

    They are secure in their awareness that they are in high demand. Their sights are set on learning a lot in a hurry. They view the financial crisis as being full of opportunity. Most of all, they like to keep their options open.Those traits came through loudly and clearly from a group of accountin...

    By • Jan. 9, 2009
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Jobs: Gone, Baby, Gone

    The already-bleak national jobs picture has grown much bleaker in the past week, with the issuance of a trio of ominous reports.On Wednesday ADP reported that nonfarm employment decreased 693,000 from November to December on a seasonally adjusted basis. That was the steepest monthly decline since...

    By Stephen Taub • Jan. 9, 2009
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs on the Move: Week Ending January 9

    • After eight years as CFO and treasurer of Gencor Industries, Scott Runkel resigned from the heavy machinery maker on December 31 to pursue personal interests. The company said it is searching for his successor. • Mark Burgess, CFO and chief operating officer of Graham Packaging, has been prom...

    By Kate Plourd and John Zhu • Jan. 8, 2009
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Ex-Treasury CFO to Be Obama’s Chief Performance Officer

    President-elect Barack Obama named former government CFO Nancy Killefer to fill the newly created position of chief performance officer in his administration.Killefer, who currently leads McKinsey & Company’s public sector practice as a senior director, also will be nominated as deputy direct...

    By Kate Plourd • Jan. 8, 2009
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Report: Pension Vice Tightens on Cash

    With estimated defined-benefit pension plan deficits for Standard & Poor’s 1500 companies hitting a record of $409 billion for 2008, companies are likely to find themselves with added constraints on capital spending, loan covenants, and other potential outlays this year, pension advisers repo...

    By David Katz • Jan. 7, 2009
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    S&P’s Parent Hires an Ex-E&Y Watchdog

    The parent company of Standard & Poor’s intends to keep a closer eye on the doings of its beleaguered offspring. The McGraw-Hill Cos. announced the hiring of an “ombudsman” to monitor issues and concerns raised about the ratings agency, both internally and externally — reporting directly to M...

    By • Jan. 7, 2009
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Pension Funding Ratios in a Plunging Mode

    Funding ratios among corporate pension plans have entered a period of sharp declines — sliding more than 11 percentage points in December and 13 points in November — according to BNY Mellon Asset Management.Largely because of that two month plunge, the funded status of the typical U.S. corporate ...

    By Stephen Taub • Jan. 7, 2009
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    No Lifeline for Underwater Options

    In the two years following the Internet bubble burst, some 400 U.S. public companies offered to buoy underwater employee stock options by exchanging them for something of value, including new options with a lower strike price.Don’t expect a repeat performance, even with close to 100 percent of Fo...

    By David McCann and Alix Stuart • Jan. 1, 2009
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    “We Are the Green Solution”

    Rob Knight is one CFO who is still bullish on his business. And why not? His company — Omaha-based Union Pacific Corp., the country’s largest railroad — has managed to deliver earnings and dividend growth even in the teeth of recession. The railroad’s strong revenues from shipments of coal and ag...

    By Edward Teach • Jan. 1, 2009
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Most Firms Forecast No 2009 Firing, or Hiring

    Even as the drumbeat of layoffs grows around the country, most corporate hiring managers in a new survey say that they’re planning neither to increase nor decrease headcounts in 2009.Fourteen percent of employers surveyed by CareerBuilder.com said they plan to increase full-time, permanent employ...

    By Stephen Taub • Dec. 30, 2008
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Racy Clothier Dons a New Finance Chief

    American Apparel and its controversial CEO, Dov Charney, have selected a new CFO who they hope will prove a winner. If so, it would be a turnabout in the eyes of Charney, who famously flamed the company’s former finance chief, Ken Cieply, as a “complete loser” in a Wall Street Journal article las...

    By • Dec. 29, 2008
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Best of 2008: Careers

    It was either a very bad or very good year for finance executives. The game of musical CFO chairs only spun faster, hordes of investment bankers hit the streets, and the high heat was fixed on everything from securitized assets to head count. But with credit elusive and companies in turmoil, aspi...

    By CFO Editorial Staff • Dec. 29, 2008
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Sarbox Clawback Ruling Could Keep Pay in Some CFOs’ Pockets

    Four months before signing the Sarbanes-Oxley Act, President Bush offered a preview of the impending law’s broad effect on the activities and livelihoods of CFOs. Not only would they have to certify their financial filings, they would also risk revocation of their compensation if something went a...

    By Sarah Johnson • Dec. 24, 2008
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Layoff Notices Burn Up Presses

    Editor’s Note: This article has been updated to reflect the fact that Baldor is reducing headcount through attrition, and not through layoffs.The pace of layoff announcements showed no signs of slowing down in the past week. Once again, a wide array of companies announced job cuts and, in some ca...

    By Stephen Taub • Dec. 19, 2008
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    CFOs on the Move: Week Ending December 19

    • Mobile products company Palm Inc. has named Douglas Jeffries CFO to replace Andy Brown, who will leave in January. Jeffries was formerly CFO of Pacific Ethanol Inc., a corn-based fuel maker, and chief accounting officer for eBay. • Candy-maker Cadbury PLC has hired former Bristol-Myers Squibb...

    By Kate Plourd • Dec. 18, 2008
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Even in Hard Times, Retention’s Not Easy

    A CFO charged with the grim task of slashing head count might be excused for grasping at a silver lining, such as: “At least our top performers will be here, because in this downturn they won’t get other offers.” Even if it happens to not be true.The best talent will always be in demand, in bull ...

    By • Dec. 18, 2008
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    FedEx Delivers Pay Cuts to Save Jobs

    Against the sweep of layoffs on Corporate America, a few companies have taken pains to explain efforts to keep employees on their rolls. The latest, FedEx, announced a series a steps to “minimize job loss” while slashing costs.The package delivery and logistics giant, noting that it is facing “so...

    By Stephen Taub • Dec. 18, 2008
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Road Less Traveled: Dollar Restores 401(k) Match

    While many other companies have taken the fast lane to dropping company 401(k) matches in these deteriorating economic conditions, Dollar Thrifty Automotive Group is driving in the other direction. The Tulsa-based car-rental company said that it will reinstate its 401(k) match program in the new ...

    By Kate Plourd • Dec. 17, 2008
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    Energy Firms Turn Up Heat on Pay Policies

    Almost half of energy companies have more closely aligned executive pay with performance since the Securities and Exchange Commission issued new proxy disclosure rules two years ago, according to a new survey by BDO Seidman.The new rules, with which companies have become compliant only gradually,...

    By • Dec. 15, 2008
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    PBGC Moves to Rescue Lehman Pensions

    The Pension Benefit Guaranty Corp. has acted to save Lehman Brothers’ pension plan — by terminating it.The termination, which takes effect today if approved by the U.S. District Court in Manhattan, comes ahead of a December 22 bankruptcy court hearing on the sale of Lehman’s investment-management...

    By Stephen Taub • Dec. 12, 2008
  • Coworkers sitting around laptop at office table
    Image attribution tooltip
    Dantes, Edmond. "Man and Woman Sitting on Chair Using Laptop" [Photograph]. Retrieved from Pexels.
    Image attribution tooltip

    This Week’s Grim Layoff Report

    The job picture was not pretty once again this week. Things were ugliest of all at Bank of America, which late Thursday announced plans to cut up to 35,000 jobs in the next three years. The bank cited its pending merger with Merrill Lynch and the weak economic environment as reasons for the decis...

    By Stephen Taub • Dec. 12, 2008