Move over, Barbie. Mattel's goth-themed Monster High dolls are overshadowing the icon. The company says Barbie sales declined in the second quarter for the fourth straight quarter. Mattel cites the success of newer doll lines, including Monster High and American Girl, which are eating into Barbie's market share.
The Group of 20 adopted an action plan drafted by the Organization for Economic Cooperation and Development that would reduce loopholes used by multinational companies to reduce taxes by shifting profits into low-tax or no-tax jurisdictions. The organization has two years to develop a final plan that can be adopted globally.
How does a CFO become a CEO? While the move might appear to be a natural transition, such a promotion is not always automatic. Mary Herrmann and Jay Scherer of BPI Group provide insight into what an aspiring CEO needs to understand when shooting for the top job.