Financial Executive

Financial Executives Institute's Member Counseling Program - From FEI The Financial Executives Institute provides financial executives with new professional opportunities through its Member Counseling Program. A staff of experienced human resources personnel provide professional relocation for financial executives during job transitions. The program functions by periodically compiling resumes and backgrounds of registrants, submitting these coded information to executive recruiters, and awaiting confidential orders for specific openings from these recruiters an...

Back to basics.

Banking industry - Financing The banking industry is assuming its traditional role as a source of cash in the 1990s. Its transition from a cash supplier in the 1940s, to that of an extension of the corporate structure in the 1970s and 1980s, and back to the basic function of managing cash in the 1990s reflects the banking industry's new emphasis on liquidity. Cash supply will no longer be sufficiently guaranteed by rate. The 1990s will be marked by efforts of the government to fortify the base of the banking structure wi...

Do GICs and annuities work today?

Includes related articles - Pension Fund Management The reliability of guaranteed investment contracts (GICs) in the insurance industry was examined at the Financial Executives Institute's fall conference in Washington, DC. The round table talks among corporate pension managers noted that two major issues in the insurance industry provide solutions to the GIC question. One solution involves the issue of insurance industry's liquidity and considers the implications for corporate sponsors. The other solution calls for a stepping up of federal re...

Getting behind in your personal finances?

Personal Financial Planning Personal investment reaching $250,000 necessitates a carefully formulated, prudently implemented and well-maintained investment strategy. Such a strategy requires finding a good financial advisor and making a prudent decision on asset allocation. Both are complicated processes. Finding a good advisor entails a thorough selection procedure, while asset allocation involves a careful selection of investments following an exploration of the investor's attitudes toward the ratio of risk and reward.

Health care: where do we go now?

Special Report: Health Care Five financial executives discuss the problem of rising health care costs and share the strategies their companies have adopted to address this problem. An assessment of the US health care system is also made along with the views of the financial executives on the most effective means for providing medical coverage. The discussion sponsored by Financial Executive magazine was composed of Gillette VP and Treas Lloyd P. Swaim, General Motors Asst Treas Greg Lau, Pacific Maritime Association VP ...

How the Fortune 500 are dealing with FAS 106.

Financial Accounting Standard 106 - Special Report: Health Care A survey of Fortune 500 companies shows that 400 of these organizations are taking the necessary steps to prepare for the implementation of Financial Accounting Standard 106 and are ready to perform accrual accounting on postemployment benefits. The survey conducted by Wyatt Co shows the emergence of two strategies for implementation. One strategy involves smoothing earnings impact through a combination of early recognition and extraordinary gains. The other strategy involves a redefinition o...

How to meet your OPEB obligation.

Includes related articles - Special Report: Health Care Decisions concerning the pre-funding of retiree medical benefits involve the issue of resource allocation. A panel discussion conducted by the Actuarial Sciences Associates featured seven panelists who arrived at the general consensus that increasing the tax-efficiency of funding requires companies to make do with existing vehicles such as voluntary employees' beneficiary associations and 401(H) accounts. The seven panelists noted that a disparity of pre-funding views by retirees and current ...

In the name of education.

Economics Challenge 1991 program of the Financial Executives Institute - From FEI The Economics Challenge 1991 is an educational program sponsored by the Twin Cities Chapter of the Financial Executives Institute. The Challenge program was initiated in 1990 on a partial sponsorship and has since then been carried out on full sponsorship. The program aims to stimulate student interest in business careers and educate teachers on the workings of the real business environment. The Challenge program is is being implemented in conjunction with the Center for Economic Education at...

Rx for the U.S. health care crisis.

Viewpoint The Major Risk Insurance (MRI) program, or a scheme based on it, is a logical solution to the US health care crisis. The MRI which was proposed but rejected in 1971, accommodates the objectives of impartiality and efficiency of a rational health care policy. The MRI also suits the politics of the business and health care providing sectors. These two sectors should coordinate their efforts in supporting a rational health care policy.

The challenge of containing health care costs.

Special Report: Health Care The increasing health care costs of American corporations are prompting CFOs to take a more active role in decisions concerning health benefits programs. In 1990, US health care expenditure totalled $666.2 billion, constituting 12.2% of the GNP and making up from 40% to 60% of business spending. The high costs incurred from health benefits programs is expected to continue to the year 2000 when health care spending is predicted to account for 17% of GNP and 70% of business expenditure. Medical...