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Conference Board Announces CEOs Plan to Increase Wages by a Minimum of 3%

HR Digest

In an earnings call on Tuesday, UPS CFO Brian Newman reported that the company decreased compensation and benefits by $205 million in the second quarter by eliminating 2,500 managerial positions annually. At a Tuesday earnings call, Donald Bassell, CFO of ARKO, a convenience store operator, reported that personnel costs had increased 6.5%

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Google Layoffs of 200 Core Employees Signal a Worrying Trend

HR Digest

Earlier this year, CFO Ruth Porat announced layoffs at Google’s finance department and restructuring efforts there as they moved to keep up with the shifting tech world. With such an expansive spending goal in mind, cutting down on spending wherever possible and moving to cheaper labor markets seems to be the way forward.

Trends 59
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Accenture to lay-off 25,000 low performers

HR Digest

During Accenture’s June 25 financial analyst conference call CEO Julie Sweet stated: “As I’ve said before, we’ve recognized some real areas of efficiencies and so there are of course headcount implications to it, which is what you’re calling lay-offs.”

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The Disconnected Leader | N2Growth Blog

N2Growth Blog

If your CFO handles all communications with your banking relationships, and your Chief Investment Officer handles all of your investor relations, you’re flat out missing the boat. Private conversations are accommodated by small conference rooms or a walk about the parking lot. Job requirement determines the size.

Blog 417
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Why More Executives Should Consider Becoming a CHRO

Harvard Business Review

He had to ask her four more times, including once on a conference call with the whole executive team, before she finally relented. Rick Jensen, who left a big job in marketing to become SVP, Chief Talent Officer at Intuit, recalled a lesson he learned in marketing: “Fall in love with the problem.”

Quinn 13
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Midsized Firms Can Survive a Cash Crisis

Harvard Business Review

Large companies rarely face this growth killer since most of them maintain deep cash reserves, have access to the financial markets, and possess the financial discipline to react long before a crash. Midsized companies need to be far more cash-conscious — even penurious — when their markets go sour. firm in 1989.

Crisis 8
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Dealing With Investors the Sam Palmisano Way

Harvard Business Review

What was so horrible about publicly traded companies that he’d consider being a CEO again, but only if he could avoid public markets? He succeeded in charming Wall Street … without ever deigning to participate in one of his company’s quarterly earnings conference calls or talking up its prospects on CNBC. Short answer: no.