November 2009 - Posts
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Andy Bishop first ran finance for Hallador Petroleum in the early 1990s. Now he's back in the same job, but the company has changed dramatically. It's an unusual career arc that brings a CFO back to a company for a second go-round, especially...
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The tax court sides with a Sheraton partnership company that successfully defends its accounting methodology against an IRS complaint to win a deduction for capital expenditures In a case that demonstrated that hotel lease agreements had "economic...
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Microsoft, Planet Payment, Conductor, Builders FirstSource, Integra Bank, EnerSys, Micros Systems. Microsoft Corp. CFO Chris Liddell will leave the company at the end of the year. He will be replaced by Peter Klein, who currently heads finance for Microsoft's...
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Networking giant Cisco Systems is emerging from the recession with a new focus on the future. An interview with Frank Calderoni, EVP and CFO at the company. Financially, it wasn't a great year for Cisco Systems. Net sales for the Silicon Valley giant...
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Companies are increasingly using third-party procurement services, even for essential purchases. Human resources, technology, tax, and even accounting — companies have grown comfortable with buying these services rather than tackling the tasks themselves...
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Companies increasingly are shunning business travel in favor of less-costly videoconferencing. Many companies slashed travel spending during the past year to conserve cash. Now, even as the economy stabilizes, it looks like business travel will more often...
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As companies keep IT spending in check, executives have to make some hard choices about what they can live without. As IT director of NYK Business Systems Americas (a unit of Tokyo-based NYK, a global container-shipping company), Kurt Schubert has a list...
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Finance executives rising from the downturn's ashes have changed companies' culture, business models, and their own expectations. Notorious for not wanting to hog the spotlight — and sometimes not even wanting to stand near it — CFOs...
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Bristol-Myers Squibb should not suffer a tax hit for splitting off Mead-Johnson, even if the smaller company is scooped up within the two-year "prohibited" period. Here's why. Pharmaceutical giant Bristol-Myers Squibb plans to "split...
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With the up-front decisions made for the holiday season, retail finance chiefs have low expectations but also can't ignore the hype. As CFO of Gymboree, Blair Lambert won't be obsessing over the clothing retailer's Black Friday sales figures...
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Finance executives assess the impact of the financial crisis on their career opportunities.
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With valuations continuing to fall in the uneasy M&A market, buyers and sellers aren–t seeing eye-to-eye. Despite recent news of some stirrings in the market—like the bidding war for Cadbury and Hewlett-Packard's deal for 3Com—the...
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With their companies stung by the credit crunch, finance chiefs are buying software to seize control of their cash and gain leverage with their lenders. Driven by the downturn, CFOs and treasurers are increasingly switching their companies' financial...
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Emerging standards for electronic cash transactions promise to shed more light on liquidity and cash flow. Despite its evocative name, the committee known simply as X9 doesn't have anything to do with secret agents, experimental planes, or mutant...
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An amendment to the in-progress Financial Oversight Stability Act would allow financial regulators to review accounting standards but give them no final authority. Lawmakers have backed away from a proposal that would have weakened the Securities and...
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The accrual of some disputed payments may garner a deduction. But a company has to have control of the deferred funds. In a case dating back to a lawsuit filed in 2000, the tax court ruled on the matter of accruing disputed payments involving barge-maker...
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What impact will the recession have on your career prospects? Talk about silver linings: thanks to the recession, the core skill set of the CFO has been highlighted like never before. From working-capital management to cost control to scenario planning...
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CFO pay in 2008 fell for the first time in years as the recession dragged down corporate performance. All good things must come to an end, and that includes the rise in CFO pay during recent years. Following a 4% increase in 2007, total direct compensation...
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Walt Disney, Coldwater Creek, Harris Interactive, Rimini Street, Gencor Industries, Five Star Quality Care, Northstar Aerospace, Wright Medical Group, Lawson Products, Microtune. Two executives at The Walt Disney Co. will be swapping jobs. CFO Thomas...
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U.S. adoption of global accounting standards would be intended to create a level global playing field, but within U.S. borders, its benefits would differ dramatically from company to company. The primary benefit of the United States adopting International...
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How much do you know about "social ecologist" Peter Drucker? Although he described himself as a "social ecologist," Peter Drucker, who was born 100 years ago this month, is more commonly remembered as the ultimate management guru,...
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With lawsuits piling up against pension plan sponsors, individual fiduciary would do well to protect themselves against financial risks, experts say. If you are a fiduciary for your employer's retirement savings plan, you already know that life isn't...
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But some accounting experts despair over a resulting lack of checks on management's assessment of internal controls of financial reporting. The news last week that the requirements of Section 404(b) of the Sarbanes-Oxley Act might never, ever come...
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A recent survey of CFOs and controllers shows a slight rise in their hope that their business will expand in the next 12 months. The optimism of high-level accountants, including CFOs, has been inching up. Although perhaps centimeters would offer a more...
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Avoid reconciling GAAP and non-GAAP reporting, providing metrics used in business modeling, or breaking out the results of acquired companies, and that will do the trick, a top analyst says. If your company has not stopped or reduced earnings guidance...
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