Nyberg Stuart Alix

OWhat do you worry about?” That’s the question Mark Gerstle will be posing to almost 100 directors, top-level executives, and business unit leaders at $8.4 billion auto parts maker Cummins over the next few months, as he steps into his new role as the company’s first chief risk officer. It’s not that Gerstle wants to […]

The Securities and Exchange Commission’s recent decision to extend the deadline for expensing stock options means that most companies won’t see the hit to their income statement until next January. Ahead of the SEC’s decision, however, scores of companies announced strategies to reduce stock option expenses, say consultants, and will continue to do so between […]

The Financial Accounting Standard Board’s decision to require stock option expensing as of June 15, 2005, may sting income statements, but it is unlikely to create huge administrative headaches, according to companies that have already taken the plunge. Circuit City Stores went from tracking the pro forma impact of options to voluntarily expensing them last […]