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Median CFO compensation hits $2.9 million

May 30, 2008

Median compensation for chief financial officers in place at least two years rose 5.2% to almost $2.9 million between 2007 and 2006, according to Equilar, a Redwood City CA-based firm that specializes in analysis of executive compensation. Median bonus payouts for CFOs fell 3.4%, but they receive...


Heidrick buys search firm

May 30, 2008

Heidrick & Struggles Inc. (NASD: HSII) acquired IronHill Partners, a retained search firm specializing in the venture capital sector with a focus on technology placements. Terms of the deal were not announced. The acquisition includes IronHill's team of four search partners and 10 search professi...


Economic gauge remains in slow territory

May 30, 2008

The growth rate for the Economic Cycle Research Institute's weekly leading index (WLI) level of the U.S. economy for the week ended May 23 fell to 132.8 from the prior period's reading of 133.0. Lower index levels indicate a slowing economy. Its growth rate, derived from a four-week moving averag...


The importance of coaching temps

May 29, 2008

Interview horror stories include dancing, glass doors and bubble gum, according to a new survey. Staffing Industry Analysts Senior Editor Craig Johnson blogs about the importance of coaching temps for interviews. Click here for more.


TriNet owner reports interest in Gevity deal

May 29, 2008

TriNet owner General Atlantic said there may be advantages to some type of deal between TriNet and Gevity HR Inc. (NASD: GVHR), according to a filing with the U.S. Securities and Exchange Commission. General Atlantic reported the acquisition of a 9.5% stake in Gevity for $14.6 million. The filing...


Newspaper job ads fall year-over-year

May 29, 2008

The Conference Board's index measuring job ads in U.S. newspapers in April was 19, down 10 points from April 2007. However, the level was unchanged from the prior month's reading. "The economy is still weak and job losses will likely continue through the summer at a slow pace," said Ken Goldstein...


ClearPoint gets Nasdaq notice

May 29, 2008

ClearPoint Business Resources Inc. (NASD: CPBR), a Chalfont PA-based staffing and vendor management system company, said it received notice from Nasdaq that it's not in compliance with listing requirements. ClearPoint is working on a plan to meet requirement, but it could be delisted if the excha...


TechTeam plans layoffs in restructuring

May 29, 2008

TechTeam Global Inc. (NASD: TEAM) plans to lay off 60 people and take a $3.0 million to $3.5 million charge in the second quarter as part of a restructuring. "This plan will enable TechTeam to provide high quality service delivery and account management for our customers globally, while allowing...


Feds raise GDP growth estimate

May 29, 2008

The U.S. real gross domestic product rose at an annual rate of 0.9% in the first quarter, according to a new, preliminary estimate released by the U.S. Department of Commerce. That's an increase over an earlier estimate of 0.6%. Real GDP increased at an annual rate of 0.6% in the fourth quarter.


Jobless claim rise by 4,000

May 29, 2008

In the week ended May 24, the advance figure for seasonally adjusted initial unemployment claims was 372,000, an increase of 4,000, or 1.1%, from the previous week's revised figure of 368,000. The four-week moving average was 370,500, a decrease of 2,500 from the previous week's revised average o...