A Third of U.S. CFOs Plan to Cut Healthcare Benefits
A Third of U.S. CFOs Plan to Cut Healthcare Benefits: In a national survey of U.S. Chief Financial Officers (CFOs) and senior comptrollers conducted by Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd, 30% are planning on reducing health care benefits, 23% are planning on reducing bonuses and 18% will be reducing stock options/equity based compensation. A vast majority (84%) cited employee benefits (e.g., health care, pensions) as their greatest pricing pressure — up from 68% six months earlier. Grant Thornton LLP conducted the biannual national survey from October 5 through October 15, 2010, with 508 U.S. CFOs and senior comptrollers participating.