Archive for August, 2008

Risk Management Watch: Wall Street Banks Crack Down on Risk

Tuesday, August 12th, 2008

In an attempt to avoid another financial-market meltdown, a group of the world’s biggest banks, including Goldman Sachs, Morgan Stanley, JPMorgan Chase, Merrill Lynch and Citigroup, issued a report proposing a series of far-reaching reforms with the goal of cutting down on risk. Among the proposals: banks would hold down the number of investors who can buy [...]

Companies Seek Talent to Maximize Energy Efficiency

Monday, August 11th, 2008

IBM recently announced plans to build a $360 million state-of-the-art data center at its facility in Research Triangle Park (RTP), North Carolina - the latest addition to the company’s Project Big Green. The company is renovating an existing building on its RTP campus to create one of the most technologically advanced… and energy efficient data [...]

Private Equity Eyes Infrastructure, Talent in Demand

Friday, August 8th, 2008

Investors around the world are turning to infrastructure to add stability and security to their portfolios. Infrastructure is considered by most investors to be long-term, inflation proof, and run contrary to business cycles. So, despite offering lower growth than traditional private equity deals, infrastructure assets are attractive due to their stable cash flow. Right now, [...]

Obama Promises Infrastructure Jobs to Stimulate Economy

Thursday, August 7th, 2008

Presidential contenders, Barack Obama and John McCain have announced plans to stimulate the economy by creating jobs. Among the most pressing issues in which the federal government is being urged to intervene: infrastructure.
Democratic hopeful, Barack Obama, has promised up to two million new jobs annually through national infrastructure investment. On his web site, Obama says [...]

‘New Era’ for Solar Power, Rush of Talent into Sustainables

Wednesday, August 6th, 2008

Large-scale U.S. solar power facilities are becoming commonplace, according to the U.S. Department of Energy. Underscoring the trend, a recent McKinsey report projects that solar will become more economically attractive, despite technological uncertainty and the continued importance of regulation. In fact the report states, “A new era for solar power is approaching. Long derided as [...]

Risk Management Watch: CROs Remain Hot Commodities

Tuesday, August 5th, 2008

Risk management has become an offensive field. Corporate boards today face unparalleled levels of business complexity, new regulations and mounting shareholder demands. As a result, executive search firm, A.E. Feldman, says risk management jobs are evolving to better manage initiatives to ensure that business objectives are met, losses are minimized, business processes are improved and [...]

Talent in Demand as Bankruptcies Soar

Monday, August 4th, 2008

Halfway through 2008, Billion-dollar bankruptcies have already hit a five-year high, reports Reuters, citing research from bankruptcy filing tracker BankruptcyData.com. The report states that a total of seven U.S. companies with more than a billion dollars in assets have filed for bankruptcy protection so far this year. Reuters quotes George Putnam of New Generation Research, [...]

Business is Good at Accounting Firms, Demand for Talent Persists

Friday, August 1st, 2008

Deloitte’s forensic accounting and tax units have enjoyed a big boost in business. The Big Four accounting firm reports that annual revenue at its member firms rose 18.6% in fiscal 2008, spurred by growth in Asia and demand for its financial advisory services, according to Reuters. Amid the slowing economy, the firm’s business transformation services [...]