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Opinions and views from expert CFOZone members.

Tag >> Cash
Mar 08
2011

Will stock market rally save pensions?

Posted by Stephen Taub in Riskpensionspension fundsDiscount rateCashCareers/ManagementBNY Mellon Pension ServicesBNY Mellon Asset Management401k

Stephen Taub

The surging stock market rally not only is repairing personal balance sheets and 401(k) accounts. It is also defusing the corporate pension crisis.

The funded status of the typical US corporate pension plan in February rose 0.4 percentage points to 88 percent, according to monthly statistics published by BNY Mellon Asset Management.    

Mar 01
2011

Merit raises are coming back

Posted by Stephen Taub in Towers Watsonmerit raisemerithiring freezehiringCashCareers/Management

Stephen Taub
It looks like more and more employers are opening their wallets for their best workers.

A Towers Watson survey found that companies are budgeting merit pay hikes of 3 percent for 2011. This compares with the average 2.7 percent merit increase awarded to employees in 2010 and is the largest merit increase since before the financial crisis when increases typically averaged 3.5 percent to 4 percent, according to the benefits consultancy.

Companies are also planning to provide some reinforcements for their overworked employees.

Feb 24
2011

Wanted: Greater STP, security in foreign payments

Posted by dbedell in RiskCash

dbedell

Controlling cross-border payments risk is ever more important, as companies deal with volatile FX markets in managing their global ventures. As they reach out to banking partners for help, businesses are demanding better solutions, greater STP, and a focus on security and regulatory compliance.

Companies with foreign interests are increasingly turning to their banking partners to help with risk management in international payments. Plus, they are demanding more from those banks that they choose to partner with on cross-border payments.

Feb 22
2011

Friday night lights out

Posted by Stephen Taub in RiskFederal Deposit Insurance Corp.FDICDealscomplianceCash

Stephen Taub

It seemingly happens every Friday evening.

Federal regulators announce that some small bank cannot continue on its own and a rival is brought in to take over the assets and continue as if nothing had happened.

Feb 16
2011

Just 7 percent ready for new lease accounting standards

Posted by Stephen Taub in Riskleasingleaseslease accountingFinancial Accounting Standards BoardFASBDeloittecomplianceCash

Stephen Taub

It looks like most companies are not ready for the new lease accounting standards expected to be finalized as early as mid-year.

According to a recent Deloitte survey, just 7 percent of executives believe their companies are extremely or very prepared to comply with the new lease accounting standards proposed by the Financial Accounting Standards Board (FASB).

Feb 16
2011

SBA cuts risk hurting small-business growth

Posted by annearf in Small Business Develpoment CentersSBAdeficitCash

Penny wise, pound really really foolish.

That could be the motto for the Obama administration's suggested budget for the Small Business Administration.

Feb 15
2011

How to interpret fourth quarter earnings

Posted by Stephen Taub in Standard & Poor'sS&P;revenueseconomic growthearnings forecastearningsCash

Stephen Taub

With the bulk of the companies having already reported their results, how did the fourth quarter shape up? Well, it all depends upon what you compare them against.

If you look at the comparable period the year before, the fourth quarter looked outstanding. However, it was only slightly better than the prior three-month period.

Feb 14
2011

Manufacturing CFOs upbeat and downbeat

Posted by Stephen Taub in RiskCFOsCashCareers/ManagementBank of America Merrill Lynch

Stephen Taub

Chief financial officers at manufacturing companies seem a little schizophrenic these days.

On the one hand, despite daily signs of an improving economy less than a majority (45 percent) are actually forecasting expansion for their industry in 2011. What's more, this is down sharply from the 59 percent reported last year, according to Bank of America Merrill Lynch's recently released 2011 CFO Outlook.

Feb 02
2011

CFOs more upbeat these days

Posted by Stephen Taub in RiskFinancial Executives InternationalCFOsCFOCashCareers/ManagementBaruch College's Zicklin School of Business

Stephen Taub

Chief Financial Officers are more optimistic than they were three months ago.

According to the latest survey of CFOs conducted by Financial Executives International (FEI) and Baruch College's Zicklin School of Business, an index measuring CFO optimism for the US economy rose more than 10 points and the outlook for CFOs' own companies' also increased nearly four points.

Feb 02
2011

CFOs won't cry if Obama-care dies

Posted by Stephen Taub in Riskheatlh carehealth care reformFinancial Executives InternationalCFOCashBaruch College's Zicklin School of Business

Stephen Taub

If recent court decisions lead to the repeal of the Obama health care plan, don't expect chief financial officers to cry.

This is because most of them think it is a bad law.

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