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Tag >> career/management
Oct 06
2010

The link between compensation and successful M&A;

Posted by annearf in retentionmergers and acquisitionscompensationcareer/management

annearf

Most mergers and acquisitions fail to meet the companies' original goals for the transaction. But it seems that one crucial factor contributing to success is the compensation and benefits programs the parties use.

That sounds a bit like a no brainer, but apparently, it's something many companies ignore.

Sep 16
2010

Fourth-quarter hiring in finance could pick up

Posted by annearf in hiringcareer/managementaccounting and finance jobs

annearf

Seems the employment outlook for jobs in accounting and finance is looking up ever so slightly.

Eight percent of 1,400 CFOs surveyed by Robert Half International plan to hire full-time accounting and finance employees in the fourth quarter, while 7 percent anticipate reducing staff. The net, of course, is a 1 percent increase. While that's not exactly a number to get very excited about, it's the first net increase since the first quarter of 2009, according to Robert Half.  Most CFOs (84 percent) expect to make no changes to their personnel levels.

Aug 18
2010

Keynes' biographer skewers deficit hawks

Posted by Ron F in recoveryrecessionObama Administrationgovernment financeglobal economyFederal ReserveFedeconomy, ECB, demanddefaultcareer/management

Ron F

This piece published today by Project Syndicate is as insightful a critique as I've seen of the consensus that has emerged among policymakers that government deficits must be cut to restore economic growth.

Not that we haven't taken a stab at that ourselves.

Aug 10
2010

JetBlue worker, productivity and Chinese suicide

Posted by Stephen Taub in productivityjobs, job dissatisfaction, Cashcareerscareer/management

Stephen Taub

The JetBlue flight attendant who flipped out on the annoying passenger and then slid down the inflatable slide, beer in hand, has become something of a celebrity or folk hero on the internet, including Facebook, where several pages have been created devoted to the individual.

However, as many people enjoy their cathartic glee, employers besides airlines should be taking notice, especially on a day when The Labor Department reported an unexpectedly big drop in productivity in the second quarter and just days after yet another Chinese factory tried to commit suicide.

Aug 05
2010

IPO market continues to improve

Posted by SherylNash01 in IPO pipelineIPOcareer/management

SherylNash01

The IPO market continues to rebound. A total of 10 companies went public in July following 12 the prior month.

Altogether, there have been 74 IPOs, year-to-date, through July, up nearly 370 percent from the prior year, according to Greenwich, Ct.-based IPO research firm Renaissance Capital.

Aug 03
2010

Dodd-Frank punts on separating chair, CEO

Posted by SherylNash01 in Dodd-Frankcorporate governanceCEOcareer/managementboard chair

SherylNash01

The Dodd-Frank Act may have gone a little further on some issues than many people had anticipated. But one potential issue that did not see meaningful change is the separation of the chairman and CEO functions.

The Act requires that the SEC issue rules requiring each public company disclose in its annual proxy materials the reasons why the company chose to have either the same person, or separate people, serve as the Chairman and CEO.

Aug 03
2010

To amortize or not to amortize

Posted by SherylNash01 in defined benefit planscareer/managementamortization

SherylNash01

Employers with underfunded defined benefit (DB) pension plans can receive billions of dollars in temporary pension funding relief as a result of legislation recently signed into law, according to a new analysis by professional services company Towers Watson.

Under the Preservation to Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010, employers can elect to amortize funding shortfalls for any two plan years between 2008 and 2011, over a 15-year period, or make interest-only payments for two years, followed by seven years of amortization.

Jul 30
2010

Time for yet another reorg?

Posted by SherylNash01 in restructuringreorganizationcareer/management

SherylNash01

Four out of five organizations, mostly large corporations and some non profits and governments, have gone through some sort of redesign initiative over the past 12 months, according to a survey of more than 400 programs by 260 such organizations by the Corporate Executive Board. Trouble is, more than half of these organizations expect to go through another major redesign over the next 12 months.

While 90 percent of those organizations reported hitting the cost-cutting targets after one year, only 60 percent hit the employee performance targets for their redesign initiatives. As a consequence, many of the redesign efforts have led to unclear decision-making authority, reduced collaboration or poor alignment between employees' interests and their new jobs. As performance suffers, the benefits from the cost savings are likely to disappear over time.

Jul 25
2010

How CFOs can ease the transition into a new job

Posted by SherylNash01 in turnovertransitionCFOcareer/management

SherylNash01

Last year, 13 percent of chief financial officers changed jobs. Although this was down from 18 percent the prior year, Deloitte's CFO Programs predicts CFO turnover will rise again this year.

The ramifications of turnover are huge. Tom Bonney, founder and managing director of CMF Associates, which offers temporary CEO, COO and controllership services, estimates that when a CFO leaves, efficiency in the finance department is automatically cut in half and exposure to risk increases. When a new CFO joins the company, the ramp up period is longer than other key executive roles, due to the CFO's broad array of responsibilities.

Jul 21
2010

CFOs make good CEOs: survey

Posted by SherylNash01 in CFO turnoverCEOcareer/management

SherylNash01

The need for a chief executive to work with boards and communicate with Wall Street has never been greater, and CFOs have experience in both those areas--making them excellent candidates for the top spot in an organization.

Companies are increasingly recognizing the value of this internal asset and promoting their CFOs to CEO, according to executive search firm Russell Reynolds' Chief Financial Officer Moves North America, Q1 2010.

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