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Tag >> career/management
Apr 16
2010

Maybe investors want to be fooled

Posted by Ron F in Securities and Exchange CommissionrecoveryrecessionPhil GrammGoldman SachsGeneral Electricfraudeconomycompliancecareer/management

Ron F

Something is wrong with a financial system where investors don't want the SEC to pursue fraud.

Does Mr. Market really want to be fooled into thinking he is wealthy, at least on paper? Talk about cynical.

Apr 13
2010

The high cost of conflict avoidance

Posted by SherylNash01 in cutting costscareer/managementavoidance conflict

SherylNash01

What's not spoken can be expensive. New research reveals employees waste an average of $1,500 and an 8-hour workday for every crucial conversation they avoid. And these costs can skyrocket if conflict avoidance is endemic in a workforce.

According to a study by Joseph Grenny, co-author of the book, "Crucial Conversations," 95 percent of a company's workforce struggles to speak up to their colleagues about their concerns. As a result, they engage in resource-sapping avoidance tactics, such as ruminating excessively about crucial issues, complaining to others, getting angry, doing unnecessary work and avoiding the person altogether.

Apr 13
2010

Bankruptcy wasn’t the end of the world for GM after all

Posted by MQuinn in General Motorscareer/management, bankruptcy

MQuinn

I couldn't help but think back a year and a half when I read the news of a leaked staff memo out of General Motors. Reuters reported on Monday that the automaker's chief executive, Ed Whitacre, wrote, "Our first quarter financial results will show us an important milestone, and I'm pleased to say that I anticipate solid operating results when we report our first quarter financials in May."

Those solid results, of course, were made possible by GM's bankruptcy, which it emerged from last July after 40 days.

Apr 13
2010

Turning accountants into the new breed of CFOs

Posted by Going Concern in professional developmentFinanceCFOscareer/managementaccountants

Going Concern

Submitted by Adrienne Gonzalez, republished from Going Concern, Accounting News for Accountants and CFOs.

Let's face it, accountants aren't often featured as heroes in action flicks or romantic leads in love stories. And they're pretty much ignored by the media unless it involves blame and/or complicated financial rules that are just barely an accounting matter (accountants did not securitize every loan nor did some nefarious squad of beancounters dream up Repo 105).  Given that, it's pretty exciting to see the Washington Post heralding accountant-turned-CFO Carl Adams.

No, he doesn't have 12 mistresses and he hasn't gotten any DUIs (that we know of). But the smart professional is cool again.

Apr 12
2010

How to deal with the growing risk of foreign corruption

Posted by SherylNash01 in riskscorruptioncareer/management

SherylNash01

With corruption becoming a bigger issue for companies doing business abroad, a new book offering advice on how to mitigate the risk couldn't come at a better time.

The Department of Justice and SEC initiated 40 Foreign Corrupt Practices Act related actions in 2009, up from 33 in 2008. Criminal and civil corporate fines this year area already exceed $400 million, a pace that would exceed the $645 million that companies paid last year, according to William P. Olsen, principal in the Advisory Services practice and National Practice leader of Investigations at Grant Thornton.

Apr 07
2010

That Arial typeface is costing you money

Posted by MQuinn in printingoffice suppliescost cuttingCFOscareer/management

MQuinn

Looking for an easy way for your company to save a few bucks on office supplies? Change the font in the documents you print, reports the Associated Press.

The idea is simple enough: Certain fonts use different amounts of ink. That Arial font Word formerly defaulted to actually cost you money compared to using something like Century Gothic. For example, the University of Wisconsin-Green Bay has asked its faculty and staff to switch to Century Gothic for all printed documents. By doing so, the school figures it could save between 5 and 10 percent on its annual $100,000 ink and toner bill.

Apr 07
2010

Crisis puts corporate treasurers in the spotlight

Posted by SherylNash01 in corporate treasurerschanging role of treasurerscareer/management

SherylNash01

The global economic crisis of the past two years has transformed corporate priorities, pushing financial risk management to the top of the list. In turn, this shift has raised the profile of the executive often responsible for managing that risk - the corporate treasurer.

"Historically, treasurers have been seen as important, but rather hidden. But treasury and risk are now permanently on the board's agenda," said Jamie Smith, group head of tax and treasury for manufacturer Smiths Group, in a recent report from executive search firm Spencer Stuart, called "The Corporate Treasurer Takes Center Stage."

Apr 04
2010

Despite soured economy, some dubious perks flourish

Posted by SherylNash01 in executive perksexecutive compensationcareer/management

SherylNash01

Despite all the talk of restraint and cost cutting, actions belie another reality when it comes to executive perks.

 There were actually more CEOs with club membership fee benefits in 2008/2009 than in 2007/2008, according to a new report from the Corporate Library. Of the 3,265 companies covered by independent corporate governance research firm, 382 US companies offered such benefits in 2008/9, compared with 372 in 2007/8. On the other hand, some CEOs must have given up the benefit, or had it taken away from them, since a matched sample analysis showed that 319 of the 2,657 CEOs who had been in their post for the entire 24 months studied received the club membership benefit in 2008/9, compared to 329 in 2007/8.

Mar 30
2010

Mistaking a recovery for a default?

Posted by Ron F in RiskrecoveryrecessionGreenspanfinancingfinancial crisisFederal Reserveeconomydefaultcareer/managementbudget

Ron F

What does the recent "spike" in bond yields really mean? To listen to folks like Greenspan or Robert Samuelson, it means investors are worried about US creditworthiness.

And while I've gone on about this twice the past few days, here's a more useful reality check, courtesy of James Hamilton, a professor of finance at the University of California at San Diego who the Fed actually pays some attention to.

Mar 30
2010

Wall Street to Main: We got ours

Posted by Ron F in Regulationrecoveryrecessiongrowthfat cat bankerseconomyconsumer spendingcareer/managementbanking reformbanking industry

Ron F

Two stories today say it all about the status of the economic recovery: Wall Street's doing fine, so who cares about Main Street?

Or at least that's the way the world seems to appear based on Bloomberg's reporting.

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