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CFOZone Experts

Opinions and views from expert CFOZone members.

Apr 20
2011

The US and technology adoption: behind the eight ball

Posted by annearf in World Economic ForumUnited StatesTechnologybiztech

The United States is a veritable slacker when it comes to the adoption and use of new technologies.

Those are some of the findings of a study from the World Economic Forum. It looked at 138 countries that comprise 38.8 percent of world GDP, using indicators ranging from patents to access to business telephone lines.

Apr 17
2011

SEC clears Zale...again

Posted by Stephen Taub in Riskprepaid advertisingloss carryforwardscomplianceaccounting manipulationaccounting fraudAccounting

Stephen Taub

The Securities and Exchange Commission told Zale it has completed its investigation of the company and does not intend to recommend any enforcement action.

"We are glad to share with our investors and employees that this matter is now behind us as we continue to focus on returning our business to profitability," said Theo Killion, Chief Executive Officer of the jewelry retailer, in a statement.

Apr 16
2011

Default rate way down this year

Posted by Stephen Taub in Standard & Poor'sRiskdefault ratedefaultDealsCash

Stephen Taub

In the past week alone, two companies completed distressed exchange offers--US-based Liz Claiborne and Canada-based Cinram International.

This brings the total number of corporate defaults so far this year to six, including four based in the US, according to Standard & Poor's.

Apr 15
2011

Bank of America names new CFO

Posted by Stephen Taub in chief risk officerchief financial officerCFOsCFOCareers/Management

Stephen Taub

Bank of America named Bruce Thompson chief financial officer. He replaces Chuck Noski, who will become vice chairman of the banking giant.

Thompson will succeed Noski as CFO by the end of the second quarter. 

Apr 15
2011

CEO compensation bonanza: It's all about cash

Posted by annearf in paycompensationCEOCareers/Managementbonuses

More data about eye-popping increases in CEO pay for 2010.

According to Carol Bowie, head of compensation policy development at ISS Governance, the most significant factor in that increase was cash pay. ISS did an early analysis of 600 Russell 3000 companies' CEO pay disclosures where the same CEO was in place in 2009 and 2010. And it found that 81 percent of CEOs received cash incentive pay--short-and long-term payouts--in 2010. That's compared to 70 percent in 2009.

Apr 14
2011

CFOs focused on top line growth

Posted by Stephen Taub in RiskrevenuesregulationsDeloitteCash

Stephen Taub

It's all about revenues.

Chief financial officers surveyed by Deloitte said nearly half of their companies' strategic focus is on revenue growth. This far exceeds their 30 percent focus on cost reduction.

Apr 13
2011

CEO cash comp up 17 percent in 2010

Posted by Stephen Taub in stock optionssalaryrestricted stocklong-term performance planscompensationCEOsCEOCashCareers/Managementbonuses

Stephen Taub

It looks like 2010 was a boom year for CEO compensation.

According to a new analysis of proxies conducted by Towers Watson, median total cash compensation increased 17 percent for CEOs last year. This compares with a 3 percent median increase the prior year. To compute cash compensation, the consulting firm includes base salary, as well as annual and discretionary bonus payments.

Apr 13
2011

Will the SEC update the rules to accommodate crowd-funding?

Posted by annearf in secIn compliancecrowd-funding

Looks like the Securities and Exchange Commission is trying to enter the Internet age.

Specifically SEC Chairman Mary Shapiro recently signaled that she wants to evaluate  the rules for raising money through crowd-funding, making it a more viable source for investment in small business.

Apr 12
2011

CFO JOB OPPORTUNITY

Posted by charity in Untagged 

CFO JOB OPPORTUNITY:

My firm has been retained to search for a CFO.  The location is Irving, TX.  Relocation expenses are included if necessary.

Apr 12
2011

Union: Just say no to drugs pay

Posted by Stephen Taub in say-on-paySay on PayCounty and Municipal EmployeescompensationAmerican Federation of StateAFSCME

Stephen Taub

The investment fund of a major union activist is targeting the pay packages of two major pharmaceutical companies.

The American Federation of State, County and Municipal Employees (AFSCME), the largest public employee and health care workers union in the United States, is recommending that shareholders of both Pfizer and Johnson & Johnson vote against the executive compensation proposals at the annual meetings of both companies, which take place on April 28.

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