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.
Finance executives who are looking for a career boost should hobnob with their company's sales and marketing people, former Sara Lee Chief Financial Officer Cary McMillan says. Getting to know the operations side of the business can help CFOs move up the corporate ladder. Being able to discuss finance with team members in other departments is "a huge advantage," he says. "It's like being in a foreign country where they speak your language."