Troubled mortgage finance giant Freddie Mac has announced that it will soon count Fifth Third Bancorp chief financial officer Ross Kari among its ranks. Kari’s transition will be complete by October 12, with Fifth Third appointing Daniel Poston, its executive vice president, as chief financial officer effective immediately.
 
Kari, who only served as Fifth Third’s CFO for less than a year, will be in charge of Freddie Mac’s accounting, financial planning, and investor relations, reporting to Freddie Mac CEO Charles Haldeman Jr. Both Fifth Third and Freddie Mac have been hit hard by the credit crisis, with Freddie Mac’s notorious collapse leading …read more

A few CFOs may have their pay capped under Obama’s plan, but many others will be delaying or adjusting their retirement plans. Over half of working CFOs have made such changes. Of those 62% of them say they have to keep working due to the economy.
The Robert Half survey is based on interviews with more than 1,400 CFOs across the United States. When asked how their retirement plans had changed in the last five years, they responded as follows:
43% have not changed plans
27% plan to spend more time working than they did five years ago
25% are more more uncertain and cannot …read more