Human Capital: Page 93

  • 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

    Erin Callan Leaves Lehman for Credit Suisse

    Erin Callan, the former CFO of Lehman Brothers who was demoted last month, has left the bank to join Credit Suisse, the latter firm said Tuesday.Callan will be a managing director and run Credit Suisse’s hedge- fund business from New York. Before becoming Lehman’s finance chief in December 2007 s...

    By Alan Rappeport • July 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

    Aetna’s Joseph Zubretsky

    To Joe Zubretsky, CFO of $27.6 billion Aetna Inc., reforming the $2.2 trillion health-care system requires a public and a private approach. For the Hartford-based insurer, it also means taking bold action both internally and externally. Internally, Aetna is rationalizing costs through technology ...

    By Lori Calabro • July 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

    Coming to America

    For Mona Leung, CFO of Alliant Credit Union, the search for finance talent has become a lesson in international relations.Disappointed in the crop of American-born students coming out of business schools near the company’s Chicago headquarters, Leung has turned to U.S.-educated foreign nationals....

    By Kate Plourd • July 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

    Serving Employees, at a Price

    Companies with 401(k) plans that suffer from lagging enrollment rates and flagging investment performance now have powerful tools to help turn things around, but they may find that fixing those problems comes at a price.Under the Pension Protection Act of 2006 (PPA), plan sponsors can now automat...

    By Russ Banham • July 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

    “I Meant ‘Loser’ in a Good Way!”

    Who knew that Dov Charney, the perennially provocative CEO of American Apparel, could still find anyone to offend? After all, he’s built a nearly $400 million clothing empire by using advertising that stretches the bounds of suggestive, and has let candid comments fly in interview after interview...

    By Kate Plourd • July 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

    Eight Isn’t Enough

    If BearingPoint Inc. loses one more CFO, it will have enough former finance chiefs to field a baseball team.The giant consulting firm certainly can’t point to CFO retention as a core competency. In June, Eileen Kamerick tossed in the towel after just three weeks, citing vague “discussions with th...

    By Kate Plourd • July 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

    Industry-Hopping CFOs Gain an Edge

    Ask Blue Nile Inc. CFO Marc Stolzman what Frappuccinos, vegetable oil, and diamonds have in common, and he’ll say himself. Stolzman’s finance career has brought him to industries that are poles apart, serving as a divisional head of finance at Starbucks, leading an initial public offering as CFO ...

    By Kate Plourd • July 14, 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

    Battery Company CFO Doesn’t Last

    After barely more than four months on the job, Galen Fischer has resigned his post as CFO of Valence Technology Inc., effective July 23. According to a company press release, he left to pursue the proverbial “other interests.”Fischer had joined Valence, which makes lithium-phosphate batteries use...

    By Kate Plourd • July 11, 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

    Accounting for the World

    At the same time that the Securities and Exchange Commission was hosting a roundtable about the impact of fair value accounting on U.S. companies in Washington, D.C. yesterday, another meeting was taking place just three miles away that could have a huge impact on all accounting for U.S. companie...

    By Tim Reason • July 10, 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 July 11

    • Wheeled shoe maker Heelys Inc. has appointed Lisa Peterson as senior vice president and CFO to replace Mike Hessong, who is resigning to pursue other interests. Most recently Peterson was CFO and executive vice president of the jewelry retailer Friedman’s Inc. The hiring comes after Don Carrol...

    By Kate Plourd and Eila Rana • July 10, 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

    Sycamore Ex-CFO Settles Backdating Case

    The former CFO of optical networking company Sycamore Networks, along with an ex-director of financial operations and another former executive, will pay more than $650,000 to settle Securities and Exchange Commission charges that they helped backdate stock options from 1999 to 2002. According to ...

    By Kate Plourd • July 9, 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

    Which Cities Rule in Building Net Worth?

    You may never have thought of taking a job in Omaha — but to build net worth and optimize your quality of life, it wouldn’t be a bad idea.The one-time “Gateway to the West” places third on Salary.com’s just-released Salary Value Index, which ranks the real economic impact of living and working i...

    By • July 9, 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

    Talking to the Board: Risk & Reward

    Among the multitudes of things a CFO can do to enhance — or detract from — his or her career, where does the quality of interaction with the board of directors rank?Very high, according to people who should know best: those who have served as both finance chiefs and board members. In fact, it may...

    By • July 8, 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

    Runaway Pay

    Outsized executive pay is attracting ever harsher criticism from stakeholders across Europe. The French government, which takes over the six-month presidency of the EU in July, is promising to tackle “scandalous” pay rises and bonus rewards, in the words of finance minister Christine Lagarde. She...

    By Jason Karaian • July 7, 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

    Ex-es at Avanex: CEO Axed; CFO Resigns

    Fiber-optics firm Avanex Corp. said that Jo Major, its chief executive, was terminated for failing to get along with the firm’s board. The Fremont, Calif.-based company also said that its CFO, Marla Sanchez, is resigning.Avanex said in a statement that Major was fired because he and the board fai...

    By Alan Rappeport • July 7, 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

    CIO to CFO? If It’s a Blue Moon Tonight

    Stacy Smith of Intel is one of them. Robert Sanchez of Ryder Systems and James Yost of Dana Holding Corp. are two others. Until last week, Khaled Haram of Handleman Co. was a fourth. They all are chief financial officers who have also held the title of chief information officer — but finance prof...

    By Robert Hertzberg • July 7, 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

    New Perspectives

    Kevin Entricken has enjoyed an eventful finance career. In the early 2000s, he oversaw M&A deals as vice president of finance at a division of Anglo-Dutch publisher, Reed Elsevier. More recently, he handled a restructuring as CFO of Dutch media group Wolters Kluwer’s law and business arm. The...

    By Tim Burke • July 7, 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

    Class Work

    Business school graduates who are hot on theory but weak on practice are a common source of frustration for finance chiefs. One way around the problem is to get more CFOs teaching in business schools. “They tend to bring case studies and a practical application to the theory students have been ta...

    By Eila Rana • July 7, 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

    Replenishing Stock

    When Kristi Matus started at United Services Automobile Association (USAA) as vice president of its life insurance business in 2002, little did she know that she would one day join an elite club of executives. After moving into the CFO office at the Texas-based firm in January this year, she beca...

    By Janet Kersnar and Alix Stuart • July 7, 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

    Handleman CFO Sings a Short Song

    Handleman, the once-powerful distributor of music, says its finance chief has left after just five months on the job.The Troy, Michigan, company says CFO Khaled Haram, also a senior vice president, left effective July 2 to relocate in New York City, where he joins Pegasus Capital Advisors. Haram,...

    By Stephen Taub • July 3, 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 July 4

    • Joseph Busky has been appointed CFO of InnerWorkings Inc., a global provider of managed print and promotional solutions. He replaces Nick Galassi, who left the company to pursue other options. Busky was most recently corporate vice president and chief accounting officer at Dade Behring. • Gol...

    By Kate Plourd • July 3, 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

    How to Manage in a Down Economy

    Jason Balogh is a principal in the CFO advisory practice of Archstone Consulting in Chicago. He focuses on issues of concern to finance chiefs, from structuring the finance department to establishing an offshore presence to Sarbanes-Oxley compliance. He spoke with CFO.com recently about how his c...

    By Kate O'Sullivan • July 2, 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

    Carty Gets $300,000 Thank-you from Dell

    Dell Inc.’s recently retired vice chairman and CFO, Donald J. Carty, was awarded $300,000 “in recognition of his dedicated service to the company,” including working with the audit committee during an investigation of its accounting practices.The computer maker said in a Securities and Exchange C...

    By Stephen Taub • June 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

    Suspended Ex-Deloitte Auditor Back in the Saddle

    A former Deloitte & Touche accountant who was suspended for improper professional conduct in his audits of Adelphia Communications has been reinstated to eligibility to appear before the Securities and Exchange Commission as an accountant.The regulator says William Caswell has met all the con...

    By Stephen Taub • June 27, 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

    Accounting for Talent

    David Davies has an impressive pedigree. When CFO Europe recently scoured the CVs of finance chiefs in Europe’s top 200 companies, Davies emerged as having worked for two important “academy companies,” or firms that produce disproportionately more CFOs than others. (See “Finance factories.”) Befo...

    By Eila Rana • June 26, 2008