The new service will allow workers to search for jobs from age friendly employers. AARP members will have access to RetirementJobs.com’s job search tool. The AARP says the partnership will identify employers that have policies, practices and programs that match the employment needs of people over 50.

RetirementJobs.com’s vice president of research and chief career counselor, Bob Skladany will offer career advice on the AARP Web site via blogs and columns.

"We are committed to working closely with AARP to meet the growing career needs of people over 50," said Tim Driver, CEO of RetirementJobs.com. "There is a unique opportunity in the years ahead for our organizations to have a real impact, helping people make a life change and achieve greater overall personal satisfaction and financial security."

Fifty and over workers currently represent 28 percent of the workforce, and its estimated that by 2016 the number will increase to 33.5 percent, according to the AARP.

"Given that nearly half of AARP’s members are currently working, our new collaboration with RetirementJobs.com will add great breadth to AARP’s career site by providing our members opportunities to find job openings and transition into new jobs," said Deborah Russell, AARP’s Director of Workforce Programs.
 

Dubbed the Retirement Estimator the calculator is tied to a person’s Social Security earnings record so people don’t have to manually enter in years of earnings information.

The Retirement Estimator allows users to compare different retirement options. A person can change retirement dates or expected future earnings. People can print out up to three different estimates at one time, along with information about their benefits at age 62, full retirement age and age 70.

"Deciding when to retire is one of the most important and difficult decisions many people face," said Michael J. Astrue, Commissioner of Social Security.

"The Retirement Estimator greatly improves the information available when trying to decide the right time to retire.  It is simple, easy-to-use and will provide highly accurate benefit estimates for those nearing retirement age.  For younger workers, it will provide valuable information to help them plan and save for their retirement."

The Social Security Administration says the Retirement Estimator is secure and only provides retirement benefit estimates. It does not display the earnings record information on which the final benefit estimate was calculated or other personal information.

"We recently unveiled a new home page at www.socialsecurity.gov that reduces visual clutter and is easier to navigate," said Astrue. "In the fall, we will introduce the public to our next initiative: a total overhaul of our online retirement application that will reduce the average filing time from 45 minutes to about 15 minutes."
 

Whitman’s rumored departure turned into official news, with the Wall Street Journal saying she would live up to a personal view on CEO longevity.

“Not long after she joined eBay, Ms. Whitman declared that no CEO should stay more than a decade in the same job because people need new challenges and organizations need fresh perspectives,” the Journal said.

If sources can be believed, Whitman’s retirement will open the corner office door for John Donahoe, president of eBay’s auction business. EBay is not commenting on the report.

The biggest change eBay could make after Whitman leaves would be to implement volume pricing as an incentive to draw more sellers to the site. High fees have driven eBay sellers to look for alternatives, as those costs plus bargain-hunting buyers drive down their profits.

eBay announces its fourth quarter earnings on Wednesday. Industry observers will be keen on seeing if Whitman does opt to move on, as questions of these retirement rumors will be brought up during the announcement.

]]> http://www.webpronews.com/whitman-ready-to-depart-ebay-2008-01/feed 0 http://www.webpronews.com/google-cfo-george-reyes-announces-retirement-2007-08 http://www.webpronews.com/google-cfo-george-reyes-announces-retirement-2007-08#comments Fri, 31 Aug 2007 21:51:58 +0000 Nathan Weinberg http://www.webpronews.com/?p=40165 ]]>

Google announced this week that Chief Financial Officer George Reyes is retiring and leaving the company later this year. Reyes, who has been with the company five years, is only the second major executive to leave Google, ever, as far back as anyone can remember. Reyes intends to stay with the company while it searches for a new CFO and help with the transition, leaving by the end of the year.
(via Search Engine Land)

Let see if we can figure out the Google executive history timeline:

Chairman: Eric Schmidt (March 2001-); Sergey Brin (1998-2001)
CEO: Eric Schmidt (August 2001-); Larry Page (1998-2001)
President (sole): Sergey Brin (1998-2001)
President, Products: Larry Page (August 2001-)
President, Technology: Sergey Brin (August 2001-)
CFO: George Reyes (2002-2007)
Chief Legal Officer: David Drummond (December 2006-) [previously General Counsel, February 2002-2006]

SVP, Business Operations: Shona Brown (January 2006-)[previously VP of Business Operation, September 2003-2006]
SVP, Corporate Development: David Drummond (January 2006-) [previously VP of Corporate Development, February 2002-2006]
SVP, Engineering and Research: Alan Eustace (January 2006-)
SVP, Operations: Urs Hölzle
SVP, Global Sales & Business Development: Omid Kordestani
SVP, Product Management and Marketing: Jonathan Rosenberg (February 2002-)
VP, Engineering: Bill Coughran and Jeff Huber; Alan Eustace (July 2003-2006); Urs Hölzle (1999-2003)
VP, Global Communications & Public Affairs: Elliot Schrage (October 2005-)

Anyone want to help fill in the gaps or correct anything, or suggest others I should include in this list?

Comments

Google Finance Goes Off Radar

Of course, even as Google Finance became out of date, so did I; some fortunate events have, strangely enough, prevented me from making any investments over the past year or so.  This has simplified whatever disclaimers I’d otherwise feel obliged to make, but it’s also put me a bit out of touch with the financial world.  Luckily, we’ve got Rick Aristotle Munarriz of The Motley Fool to act as a guide.

“It certainly turned heads at the time around Fooldom,” Munarriz states of Google Finance’s launch.  He later adds, “But when was the last time you found yourself at Google’s personal-finance portal?  I can go days – weeks, even – without dropping by, and I’m someone who sets up a sleeping bag in front of nearly every financial resource available online.”

And while other Google products get weekly updates, the most relevant Google Finance story is, of course, the retirement of George Reyes, Google’s chief financial officer.  Before that, there’s only the release of Google Finance for Canada (which, while dull, was made slightly more interesting when somebody slipped up and announced the launch too early).

So, where do we go from here?  Well, as far as anyone knows, nowhere.  Google’s attention seems to have been drawn away from this project.  Munarriz writes, “I’d complain about it on the Google Finance stock board, but what would be the point?  Who would notice?  Who would respond?”

Research carried out by the Bank of Scotland in 2002 established that

• Two thirds of Small and Medium-sized Enterprise owner-managers are expecting to retire before or by the age of 60
• 82% of owner-managers over 56 do not have a written plan for dealing with the sale of their business
• Only 22% of owner-managers claim they are very confident they will be in a comfortable financial position by the time they retire.

These results are truly amazing. Owner- managers are hoping to retire while having no written plan for how they will deal with the sale of their most valuable asset and without expecting to be in a comfortable financial position when they retire. By not planning they are unlikely to be able to retire at a time of their choice and are effectively planning for a life of financial difficulty when they finally do sell their business.

Most business owners wish to retire by the age of 60 but very few plan for retirement. As a result many will be working beyond 60, whether they want to or not. If the company is not prepared for sale it will only be able to realise its full sales potential through an earn-out, which is often conditional upon the owner working for the acquirers for a number of years.

According to a survey carried out by chartered accountants MacIntyre Hudson, 43% of company owners say they are too concerned about running the business to even consider an exit strategy. The unfortunate part is that being so concerned with the running of the business actually reduces the value of the business substantially and means the owner may not be able to retire when he wishes.

Only 22% of business owners claim they are very confident they will be in a comfortable financial position by the time they retire, while preparing a business for sale can increase its value by two or three times. Unfortunately very few owner-managers plan the sale of their business. Could it be that the owners who plan the sale of their business are also the ones who feel confident of a comfortable financial position in the future?

Every week we read about pensions becoming less secure. For many business owners their business is also their pension. Failure to plan the sale of the business may just mean you cannot decide the date of your retirement and you must work longer than anticipated without the financial security you deserve.

Who will buy your business?

Succession works in one of three ways.

• Firstly the business could be passed on to a successor.
• The second option is to sell the business, either via a trade sale, a management buy-out (MBO) or a management buy-in (MBI).
• The remaining option is to conduct a voluntary liquidation.

As a means of obtaining the maximum value for the business the last option holds the very least appeal, however the European Commission estimates that ten percent of company liquidations are due to bungled succession.

Retirement is the number one reason given by 82% of business owners planning to exit their business in a 2004 survey. The proceeds from selling a business is considered by most owner-managers to be very important for the financing of their retirement. You owe it to yourself and your family to plan the transfer of your business to maximise its value.

Business owners worry about financial future.

Business owners are not confident about having a comfortable retirement for a simple reason. The value they put on their business is often based upon how much they think they might need to retire comfortably. Unfortunately they make two errors.

1. They do not speak to their financial adviser to establish how much they need to sell their business for in order to retire comfortably.

2. They do no have the business professionally valued.

If you do not know how much your business is worth and you do not know how much you need to sell for in order to retire comfortably, how can you possibly feel sure of a comfortable retirement?

If you require a further 1m to fund a comfortable retirement and your business is worth 2m you can go to sleep at night feeling fairly confident. If you require a further 1m to fund a comfortable retirement and your business is only worth 500k it is time to take action.

The remainder of this White Paper can be read Free at my web site.

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Stuart Lockley is a UK based Business Growth Specialist. To obtain further great ideas and information to help you grow your business visit http://www.stuartlockley.com and download the “Six Keys to Double the Value of your Business” Free

Actually, Teoma never really went anywhere, but why pass up a cheap Arnie reference? And according to the redirected site, Teoma means “expert” in Gaelic.

The Teoma brand name follows the Jeeves butler into retirement. Ask.com has coordinated this move along with the Ask relaunch to coincide with the opening of SES New York 2006, where IAC CEO Barry Diller will deliver the opening keynote address.

The Ask.com team noted in the company blog the news about the brand shift. They and IAC have moved to make the Ask brand the one that receives the big push from marketing efforts.

A brief history of Teoma and its focus going forward were detailed in the post:

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David Utter is a staff writer for WebProNews covering technology and business.

Ask provides us with a humorous video of the butler’s departure.

Andy Beal is an internet marketing consultant and considered one of the world’s most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian.

You can read his internet marketing blog at Marketing Pilgrim and reach him at andy.beal@gmail.com.

Ask Jeeves has always held the crown as the “coolest kid on the block” with their many hidden jokes over the years. Surely you didn’t think Ask’s butler, Jeeves, would enter retirement without one last gag.

Playing around with the Jeeves retirement site, you’ll discover one of the many retirement options for Jeeves is “Daredevil Jeeves”. Funny enough, but something about the cartoon looked very familiar.

Is it just me, or does Jeeves look uncannily like Happy Days’ Fonzie? And what in the world is Jeeves jumping over? Yes, ladies and gentlemen, as a gesture that Jeeves’ cartoon escapades are coming to an end, we find the English butler “Jumping the Shark“.

Brilliant! Absolutely brilliant. While other companies cringe at being associated with the phrase, Ask is taking the opportunity to demonstrate that, not only are they far from jumping any sharks, but they’re not scared to poke fun at those companies who may well be jumping.

I’ll certainly miss Jeeves, but I’m pretty sure his spirit of innovation and humor will live on for many years to come.

Andy Beal is an internet marketing consultant and considered one of the world’s most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian.

You can read his internet marketing blog at Marketing Pilgrim and reach him at andy.beal@gmail.com.

Ask Jeeves has enjoyed the service of Jeeves for more than 10 years and today announces his official retirement.

We’ve got our lawyers looking over Jeeves’ non-compete to see if we can have him join Fortune Interactive.

So long Jeeves…it’s been a blast!

Andy Beal is an internet marketing consultant and considered one of the world’s most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian.

You can read his internet marketing blog at Marketing Pilgrim and reach him at andy.beal@gmail.com.