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The Big Fat Finance
Blog
Now more than ever, finance professionals are
specializing in multiple disciplines. To better meet this demand for
more knowledge, Business Finance introduces The Big Fat Finance
Blog, where finance professionals can engage our bloggers and editors in
multiple disciplines. Join the conversation at http://bigfatfinanceblog.com |
Are
Target Funds the 401(k) Panacea?
Public policy debates about the nation's retirement system
will rage this year as legislators consider the impact of the drop in
value of equity investments in workers' 401(k) balances.
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NFL
Commish Roger Goodell's Ideas on Making Sure People Are Held
Accountable
Employees sometimes lie to get what they need, but companies
rarely hold them accountable. So what is the key to reducing the lies
that people present in business cases? According to Roger Goodell,
commissioner of the National Football League, "The most important thing
is to take decisive action." Goodell says this sends a message that
you're going to enforce the rules.
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Tips for
Crafting a Stellar Career
Thirty years as a finance pro with the same company? It can
be done, and Patricia Cochran, CFO of vision benefits provider VSP, is
the proof. In a recent interview with Business Finance blogger
Steve Player, Cochran offered these tips for a long, successful career
in finance.
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Are
Layoffs Really Over?
A new survey by Watson Wyatt suggests that there may be hope
for workforce reduction survivors -- it appears that the worst of
company layoffs is history. But history has a way of repeating
itself.
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Leave
Wall Street and Join a Start-up
These days, jobs with start-ups are more stable than those on
Wall Street, according to Josh Kopelman, founder of Half.com and
managing director of First Round Capital. While you may take a pay cut
when joining a start-up, there are other benefits, like stock options
and the chance to participate in the creation of something
new.
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Stimulus
Act Extends Reach of Health Privacy Law
The economic stimulus package included changes to the Health
Insurance Portability and Accountability Act (HIPAA) that might trouble
employers. The new law extends direct enforcement of medical record
privacy to any person or entity that could be defined as a business
associate and requires notification of individuals whose medical records
are jeopardized in a security breach, which could lead to more
litigation down the road.
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Older
Workers Take Bigger 401(k) Hit
Older workers have been particularly hard hit by the
financial crisis, primarily because they don't have the necessary time
to earn back the money they lost. According to a report from the
nonpartisan Employee Benefit Research Institute (EBRI), 401(k)
participants' losses were largely determined by their account balance,
age, and job tenure. Those with low account balances (most likely
younger workers) relative to contributions experienced minimal losses,
but those with more than $200,000 in account balances (most likely older
workers who had been in the plan for a long time) had an average loss of
more than 25 percent.
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Survey:
Planning and Forecasting in Tumultuous Times
How far ahead can companies peer into the economic gloom? How
are budgeting processes holding up in the downturn? Help us find out by
participating in this 10-minute survey. If you respond by April 3, you
will have the opportunity to enter into a drawing for one of two $100
Visa gift cards.
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Hear
Robert Kaplan Discuss Strategy for Measurable
Benefits
The 6th Annual BPM Summit, Generating Value Through
Visibility, brought together some of the business world's foremost
practitioners to explore the transformational role of finance in the
enterprise. If you missed the live event, you can still enjoy unlimited
access to the audio and slide shows from the keynote speaker
presentations at our on-demand archive.
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