Human Capital: Page 99

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    Vise on Worker Visas Squeezes Tighter

    American companies looking to hire nonimmigrant workers from overseas to work in specialty fields, including accounting, will have a slimmer chance of obtaining visas because of a change in the H-1B application process that takes effect April 1.Under the policy change, visas will be granted to a ...

    By Kate Plourd • March 28, 2008
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    CFOs on the Move: Week Ending March 28

    • Electronic Arts’ CFO Warren Jenson has announced he will resign from the video game publisher as it continues its hostile takeover bid for competitor Take Two Interactive Software, which makes the popular Grand Theft Auto series. Jenson, who has been with the company since 2002, said his resig...

    By Laura Cameron and Kate Plourd • March 27, 2008
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    The “Bright Star” of B-School Research: Finance

    Our Tuesday article, “Business School for Dummies?” looked at the drive at accrediting group ACCSB to move research in the direction of providing more useful lessons for the business world.Even as business schools draw fire for producing too little research of real relevance to Corporate America...

    By Roy Harris • March 27, 2008
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    Changing of the Guard at Tribune

    Tribune Co. has promoted Chandler Bigelow to CFO, effective immediately, succeeding Don Grenesko, who is retiring after 17 years in the position and 28 with the company.The change takes place while Sam Zell, who bought Tribune last year, is trying to sell the Chicago Cubs and Wrigley Field, as w...

    By Stephen Taub • March 26, 2008
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    Business School for Dummies?

    Should the research being done by America’s business schools have to offer relevant lessons for business?A task force of AACSB International, the school-accrediting organization that also goes by the moniker Association to Advance Collegiate Schools of Business, admits that it is going very slowl...

    By Roy Harris • March 25, 2008
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    The Road Less Traveled: IRO to CFO

    Like most career-minded finance executives, Spectra Energy’s Greg Ebel was always aiming for the CFO seat — even when, back in 2002, he accepted a role that seemingly directed him away from his envisioned career path.At that time, Ebel was managing director of mergers and acquisitions at Duke Ene...

    By Kate Plourd • March 24, 2008
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    The Long Arm of the Big Four

    Accounting professors might be expected to disagree with the general premise of an article CFO.com published on Wednesday; namely, that colleges prepare students more to work at public accounting firms than in corporate finance and accounting departments. But actually they agree, at least in part...

    By • March 21, 2008
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    B of A CFO’s Comp Fell Short of Target

    The chief financial officer of Bank of America made more than $5.63 million last year. But he’s not likely all that happy about it.According to the financial giant’s latest proxy, Joe L. Price received an $800,000 salary and $1.6 million in cash incentive and $1.6 million in restricted stock, for...

    By Roy Harris and Stephen Taub • March 20, 2008
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    CFOs on the Move: Week Ending March 21

    • Former Bank of America CFO Alvaro de Molina has been promoted from chief operating officer to CEO of GMAC Financial Services. The company’s current CEO will move to a position at Cerberus Capital Management, the private equity firm that holds a 51 percent state in GMAC. De Molina was with B of...

    By Kate Plourd • March 20, 2008
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    Report: Economy Roils Executive-Pay Moves

    The slowing of the U.S. economy is shaping changes in executive compensation for this year’s proxy season, according to a new report from Mercer, the human resources and compensation consulting firm. For one thing, shareholders, who are experiencing deteriorating returns, are becoming more activ...

    By • March 19, 2008
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    The Rap on Accounting Education

    CFOs are already on record with their views on the personal traits of young people entering the accounting workforce today: too often lacking in drive and determination, gripped by a hunger for constant praise, and disturbingly prone to job-hopping at the first wisp of unhappiness.But some senior...

    By • March 19, 2008
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    The Pendulum Swings

    In 2005, while running a financial-software company, Charles Morris became convinced that credit markets were heading for a crash. He found a publisher who was willing to take a gamble and began tracing the roots of the yet-to-unfold crisis. However up to date it may seem, this book is no rush jo...

    By Economist Staff • March 18, 2008
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    Accounting May Stall GM, Ford VEBAs

    When U.S. District Judge Robert Cleland earlier this month gave preliminary approval to a plan by General Motors Corp. to set up a voluntary employees beneficiary association, known as a VEBA trust, to fund retiree health care, he told lawyers for GM and the UAW: “It is an extraordinary feat, it ...

    By Stephen Taub • March 17, 2008
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    CFO Promoted to Help Rescue SocGen

    Societe Generale, which was rocked in January by a $7 billion trading scandal, promoted CFO Frederic Oudea to deputy chief executive, alongside existing deputy chiefs Philippe Citerne and Didier Alix. Oudea, who had been CFO since January 2003, will help implement the bank’s strategic plan for 2...

    By Stephen Taub • March 17, 2008
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    National Century CFO, Four Others Guilty of Fraud

    A federal jury has found two top finance executives and three others guilty on all counts of conspiracy, fraud, and money laundering at National Century Financial Enterprises.The verdicts ended a six-week trial after less than two days of deliberation. A 27-count indictment had laid out the defen...

    By Stephen Taub • March 14, 2008
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    Finance Execs Get Top Board Pay

    Corporate boards value finance experts over all other members, judging by a new survey from the National Association of Corporate Directors.Audit-committee members and chairs are paid more than their fellow board members, according to the NACD’s latest annual Director Compensation Survey. Among t...

    By Stephen Taub • March 14, 2008
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    The Seven-Month Itch

    WellPoint Inc. said Jamie Miller has resigned as chief accounting officer and controller of the health insurance giant, effective April 4, in order to take the same positions at an even bigger company: General Electric. GE, however, had not announced the appointment by press time. Miller had bee...

    By Stephen Taub • March 13, 2008
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    CFOs on the Move: Week Ending March 14

    • Former BMW CFO Stefan Krause has been named to succeed Anthony di Iorio, who is retiring as chief financial officer of Deutsche Bank. Krause, who will start October 1, also was appointed to the bank’s management board, effective April 1. He served as CFO at BMW from 2002 to September 2007. •...

    By Kate Plourd and Laura Cameron • March 13, 2008
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    CFO Drives to Deutsche Bank

    Stefan Krause has been named to succeed the retiring Anthony di Iorio as chief financial officer of Deutsche Bank, effective October 1. He also was appointed to the bank’s management board, effective April 1. Krause will move over from BMW, where he was CFO from May 2002 until September 2007, af...

    By Stephen Taub • March 13, 2008
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    What CFO Made $5B Less than His Boss?

    Blackstone Group CFO Michael A. Puglisi made nearly $160 million last year, likely making him one of the highest paid finance executives at a publicly-traded company.After deducting stock awards that haven’t yet vested, his total gains worked out to $57 million. However, like all of the other nam...

    By Stephen Taub • March 12, 2008
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    Culture Club

    Over the past 20 years, Fons Trompenaars has sent out some 100,000 questionnaires to corporate professionals around the world.The resulting data—which looks at work habits, attitudes and other cultural issues—forms the basis of his work at consultancy Trompenaars Hampden-Turner. While he spends t...

    By Jason Karaian • March 10, 2008
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    Goldman Sachs’s $58 Million Man

    Goldman Sachs CFO David Viniar, paid a modest $600,000 base salary in 2007, nonetheless raked in more than $58 million after bonuses and equity-based awards, the company’s 2008 proxy statement reveals.It was another big pay hike for Viniar, whose totals were $33 million in 2006 and $19.8 million ...

    By Stephen Taub • March 7, 2008
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    In the Hot Seat: Exec Pay

    Three high-profile, high-earning executives who oversaw financial-services institutions that experienced large losses last year attempted to justify their pay packages at a congressional hearing Friday.Former Merrill Lynch CEO E. Stanley O’Neal, ex-Citigroup CEO Charles Prince, and Countrywide Fi...

    By Sarah Johnson • March 7, 2008
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    Nuclear Regulatory Commission Puts CFO on Leave

    The U.S. Nuclear Regulatory Commission has placed its CFO, William McCabe, on leave for a number of weeks. McCabe was tapped as the reactor-licensing commission’s finance chief last June after a five-year stint at the Department of Education that included service as the department’s acting financ...

    By David Katz • March 7, 2008
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    CFO Heeds the Call of Private Equity

    David Baylor, CFO of boutique investment bank Thomas Weisel Partners, has resigned in order to join a private-equity firm. The company’s former CFO, Shaugn Stanley, will fill in while a search for a replacement is conducted.While Baylor’s resignation is effective immediately, he will stay through...

    By Avital Louria Hahn • March 7, 2008