Human Capital: Page 92

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    Autorité Des Marchés Financiers’ Michel Prada

    It’s been a rocky home stretch for Michel Prada, who completes his five-year term as chairman of the Autorité des Marchés Financiers (AMF), France’s market regulator, in November. Corporate France, as elsewhere in Europe, has suffered from the global financial downturn triggered by the US’s subpr...

    By Eila Rana • Sept. 3, 2008
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    Accounting Folks See Healthy Raises

    In general, hard times have American companies holding pay steady and keeping increases in line with inflation, according to a new survey by Hewitt Associates. But accounting, consulting, and legal executives can expect above-average base pay boosts averaging 4.6 percent this year, and also will ...

    By Alan Rappeport • Sept. 2, 2008
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    Prepare to Be More Accommodating

    The Americans with Disabilities Act, which prohibits discrimination against disabled people in the workplace and at public facilities, will see major revisions this fall that could translate into big changes — and big costs — for businesses as early as January of next year. If current proposals i...

    By Kate Plourd • Sept. 1, 2008
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    International Accounting Standards Board Chairman Sir David Tweedie

    (This is an expanded version of the interview that appeared in the September issue of CFO.) Make no mistake: the International Accounting Standards Board is poised to become the world’s accounting-standards setter. When its chairman, Sir David Tweedie, spoke with CFO in late July, rumors were swi...

    By Tim Reason • Sept. 1, 2008
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    To Get the Best Gig, Expand Your Repertoire

    Having begun his career at United Parcel Service (UPS) three decades ago as a driver, you might expect CFO Kurt Kuehn to know the company inside and out. During his long tenure he has managed such business functions as financial analysis, industrial engineering, and strategic costing for the ship...

    By Kate Plourd • Sept. 1, 2008
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    Hackers Are Easy, Lawyers…

    Antivirus-software company McAfee has been fighting more than just computer bugs lately. In July, a judge dismissed a lawsuit that McAfee filed against Wilmer, Cutler, Pickering, Hale and Dorr — the law firm that represented former CFO Prabhat Goyal, who was convicted of corporate fraud in May 20...

    By Kate Plourd • Sept. 1, 2008
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    This Disaster Is No Movie

    The summertime standoff between Hollywood studios and the Screen Actors Guild (SAG) yielded some useful lessons for executives interested in honing their negotiating skills.At press time, SAG was still rejecting an offer from the studios’ negotiating arm, the Alliance of Motion Picture and Televi...

    By Kate Plourd • Sept. 1, 2008
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    CFOs on the Move: Week Ending August 29

    Fannie Mae’s latest attempt to prepare for its uncertain future involves a major shakeup of its executive ranks — and especially the finance department, including replacing CFO Stephen Swad with current senior vice president and controller David Hisey. Oracle on Wednesday named Jeffrey Epstein...

    By Kate Plourd • Aug. 28, 2008
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    Fannie’s Shakeup, and New CFO, Gear for What’s Next

    Fannie Mae’s latest attempt to prepare for its uncertain future involves a major shakeup of its executive ranks — and especially the finance department — and includes replacing CFO Stephen Swad with current senior vice president and controller David C. Hisey.The management upheaval was widely see...

    By Stephen Taub and Roy Harris • Aug. 28, 2008
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    Oracle Picks Jeffrey Epstein as CFO

    Asking Oracle Corp. who its finance chief should be has not always brought an easy answer.Yesterday, Oracle named Jeffrey E. Epstein as executive vice president and CFO, and said that Safra A. Catz, one of its copresidents, will give up the finance chief role while remaining a president and a dir...

    By Roy Harris • Aug. 28, 2008
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    Tech Know-how Brings Career Success, CFOs Say

    Being a successful CFO requires finance and accounting adeptness, but what else is needed? Working familiarity with operations, law, and sales and marketing surely could help — but information-technology expertise trumps all three of those, according to poll results from Robert Half Management Re...

    By • Aug. 27, 2008
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    Is It Time to Switch Industries?

    This year’s job market hasn’t been pretty. Financial services firms have been making thousands of job cuts amid the credit-market slide, and at 5.7 percent, the unemployment rate sits at a four-year high. However, furthering the trend in recent years, finance and accounting workers generally don’...

    By Sarah Johnson • Aug. 26, 2008
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    CFO Quits after Tardy Filing

    Pioneer Drilling CFO Joyce Schuldt has resigned as chief financial officer, 13 months after joining the company. The announcement came just weeks after Pioneer filed its delayed March 31, 2008, quarterly report with the Securities and Exchange Commission. It was unclear, though, whether the late ...

    By Stephen Taub • Aug. 22, 2008
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    Quick Recovery: CFO Is Back in Business

    After spending only three weeks at her last job, Eileen Kamerick has signed on with commercial roofing company Tecta America as executive vice president and CFO.On May 13, Kamerick accepted the CFO position at consultancy BearingPoint, replacing Judy Ethell. But by June 2, Kamerick resigned “base...

    By Kate Plourd • Aug. 22, 2008
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    Embattled Biovail Taps Mulligan as CFO

    Canadian drugmaker Biovail Corp., charged by the Securities and Exchange Commission earlier this year with revenue reporting violations, announced the appointment of a permanent CFO, effective Sept. 3. She’s Peggy Mulligan, named to succeed interim finance chief Adrian A. De Saldanha, who has ser...

    By Stephen Taub • Aug. 21, 2008
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    CFOs on the Move: Week Ending August 22

    • Canadian drugmaker Biovail Corp., charged this year by the Securities and Exchange Commission with revenue reporting violations, announced the appointment of a permanent CFO, effective Sept. 3. She’s Peggy Mulligan, named to succeed interim finance chief Adrian De Saldanha, who has served in ...

    By Kate Plourd • Aug. 21, 2008
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    Court Shoots Down IRS Pension Analysis

    A U.S. Court of Appeals sided with corporations yesterday when it rejected an Internal Revenue Service interpretation of pension plan rules. At issue was whether pension plans that use so-called cash balance formulas violate provisions of the federal Employee Retirement Income Security Act (ERISA...

    By Marie Leone • Aug. 21, 2008
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    Amid the Din over Exec Pay, Companies Hold the Line

    After all the hoopla over executive compensation in the past couple years, how much has changed? Has the increased disclosure in proxy statements that the Securities and Exchange Commission mandated last year influenced corporate strategies?Judging by interviews with compensation experts, there h...

    By Kate Plourd • Aug. 20, 2008
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    P&G’s CFO: Manage a Merger, Pocket $1.5M

    The vice chairman and CFO of Procter & Gamble Co., Clayton C. Daley Jr., received a special equity award of $1.5 million for his work in the 2005 acquisition of razor and consumer products giant Gillette.According to a regulatory filing, Daley was recognized for his integral role in the valua...

    By Stephen Taub • Aug. 20, 2008
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    VeriFone Secures Interim CFO, Restates

    VeriFone Holdings Inc. appointed Clinton Knowles as its interim chief financial officer, the same day it filed its long-awaited restatements to correct certain accounting errors in its financial results. Knowles succeeds Barry Zwarenstein, , who resigned as CFO earlier this year, after an audit...

    By Stephen Taub • Aug. 20, 2008
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    Health Care Cost Rises May Temper a Bit

    It’s far from the leveling out of health-care costs that most companies seek. But one new survey of 70 managed care organizations, health insurers, pharmacy benefit managers, and third party administrators is projecting at least a tempering in the sharp increase trend of recent years.Physician co...

    By Kate Plourd • Aug. 19, 2008
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    Brand Firm NexCen Brands CFO Hall as CEO

    Troubled NexCen Brands Inc. said its executive vice president, treasurer, and CFO, Kenneth J. Hall, would replace CEO Robert W. D’Loren, who resigned. The news sent the stock surging — by 40 percent, to $0.49 — on Monday, the first day shares traded after the personnel moves were announced.NexCen...

    By Stephen Taub • Aug. 19, 2008
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    PBGC Panned for Risky Investment Plan

    America’s pensions could be in safer hands. The Pension Benefit Guaranty Corp., the government agency that backs the retirement benefits for more than 40 million Americans, is about to take a step to make overly risky investments, according to the Government Accountability Office. And it suggests...

    By Alan Rappeport • Aug. 18, 2008
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    Know a Niche, Hang a Shingle

    Don’t you just love optimism? Take the brand exhibited by James W. Clark Jr., who just left a cushy job for a whirl at self-employment amid dicey economic times. Clark figures the fact that entrepreneurs and corporations still have financial needs, whatever the economy is doing, trumps the loss o...

    By Christopher Hosford • Aug. 15, 2008
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    CFOs on the Move: Week Ending August 15

    • In a shakeup of its management and business structure, UBS said finance chief Marco Suter will resign and be replaced in September by John Cyran, now the head of the Swiss bank’s financial institutions group. • Cereal maker Kellogg Company has given John Bryant, CFO of Kellogg North America, ...

    By Kate Plourd • Aug. 14, 2008