Research

CFOs To Hear Treasury Secretary Geithner Today, But Will Geithner And The Obama Administration  Hear CFOs On Healthcare?

Geithner To Address CFOs From The World’s Largest Corporations At The Wall Street Journal’s CFO Network To Be Held In Washington, D.C. On June 20-21, 2011.  “A conversation with Treasury Secretary Timothy Geithner on the Administration’s view on the economy, budget, debt and taxes.  Interviewed by Gerald Seib, Washington, D.C. Bureau Chief, The Wall Street Journal.” (“Program,” The Wall Street Journal’s CFO Network, Accessed 6/20/11)

A Survey Of 1,400 CFOs Found That Healthcare Costs Were The Most Pressing Concern Facing Their Company.  “To better define the concerns of today’s finance executives, Robert Half International conducted a survey of 1,400 from a stratified random sample of U.S. companies with 20 or more employees.  We [Robert Half International] asked CFOs to rank the most pressing concerns facing their company.  Their top three issues were:  Healthcare costs, controlling spending and improving profitability, staff morale and motivation.” (“CFO Concerns:  What Are The Top Challenges Facing Today’s Financial Executives,” Robert Half Management Resources, 2011)  

• 62% Of CFOs Responded That Healthcare Reform Will Have The Greatest Impact On Their Accounting And Finance Department In 2011. (“CFO Concerns:  What Are The Top Challenges Facing Today’s Financial Executives,” Robert Half Management Resources, 2011)  

Most Financial Executives Expect Healthcare Costs To Increase.  “One public company CFO who said he expects his firm’s costs to rise even more than in past years as a result of healthcare reforms reflects the assessment of most financial executives.  Like many, he is concerned that no one seems completely certain about what the full impact of reforms will be on businesses or what unintended consequences may result.” (“CFO Concerns:  What Are The Top Challenges Facing Today’s Financial Executives,” Robert Half Management Resources, 2011)  

“CFOs Were Asked, ‘Which Of The Following Strategies, If Any, Is Your Company Using To Adapt To The Rising Cost Of Healthcare Responses?’  Their Responses…”

• 34% Of CFOs Are Increasing The Employees’ Contributions To Their Healthcare Insurance. (“CFO Concerns:  What Are The Top Challenges Facing Today’s Financial Executives,” Robert Half Management Resources, 2011)  
• 28% Of CFOs Are Increasing The Company’s Contribution To Employees’ Healthcare Insurance. (“CFO Concerns:  What Are The Top Challenges Facing Today’s Financial Executives,” Robert Half Management Resources, 2011)  
• 20% Of CFOs Are Reducing Healthcare Benefits. (“CFO Concerns:  What Are The Top Challenges Facing Today’s Financial Executives,” Robert Half Management Resources, 2011)  
• 8% Of CFOs Are Eliminating Healthcare Benefits. (“CFO Concerns:  What Are The Top Challenges Facing Today’s Financial Executives,” Robert Half Management Resources, 2011)