Finance

Froedtert Health Announces Alicia M. Maitland as Senior Vice President of Finance

Published

3 years ago

August 28, 2022

Froedtert Health Announces Alicia M. Maitland as Senior Vice President of Finance

MILWAUKEE — Froedtert Well being lately introduced a brand new senior vice chairman of finance, with Alicia M. Maitland, a 11 12 months veteran of Rush College Medical Middle in Chicago, joins the crew.

Maitland will could have oversight and duty for key enterprise operations together with accounting; inside controls; monetary reporting; tax; payroll; reimbursement; resolution assist and monetary planning; danger administration and treasury actions.

Scott Hawig, government vice chairman of finance chief monetary and administrative officer and treasurer mentioned Maitland was a a “confirmed CFO,” with a protracted observe report of success.

“Her monetary experience and her excellent management qualities shall be a useful addition to the crew as we proceed to face monetary headwinds as a result of COVID-19 pandemic,” Hawig mentioned. “As essential as her expertise, her dedication to our mission and values whereas actively dwelling our values of dignity and respect will assist our group proceed to maneuver ahead being the trusted chief within the numerous communities we serve.”

Maitland expressed her admiration for Froedtert’s dedication to their mission, in addition to the group’s rise to turning into a “premier” tutorial well being community.

“I stay up for working with the crew to proceed to maneuver Froedtert Well being ahead and to execute on the corporate’s priorities, assist the group’s continued development and most significantly assist the group’s dedication to their mission and values,” Maitland mentioned.

Maitland joins Froedtert Well being from Munson Healthcare, Traverse Metropolis, Michigan, the place she has served in progressive management roles since 2012, most lately as chief monetary officer. On this position, she oversaw treasury, monetary accounting, monetary planning, enterprise intelligence, reimbursement and income cycle.

Previous to becoming a member of Munson Healthcare, she spent 11 years as a pacesetter at Rush College Medical Middle, Chicago. Maitland started her profession at Deloitte within the tri-state area and Chicago metropolitan space, the place she specialised in well being care.

Maitland is a licensed public accountant and acquired a Bachelor of Science diploma in accounting from the Wallace E. Carroll Faculty of Administration at Boston Faculty.

Extra info might be discovered at froedtert.com/about/executive-leadership.

Related Topics:accounting alicia m. maitland company economics Finance froedtert health planning reimbursement senior vice president

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Finance

Trump tariffs live updates: The unilateral 10% tariff on imports takes effect

Published

3 hours ago

April 5, 2025

Press Room

Trump tariffs live updates: The unilateral 10% tariff on imports takes effect

TAIPEI (Reuters) — Taiwan President Lai Ching-te met tech executives on Saturday to discuss how to respond to new U.S. tariffs, promising to ensure Taiwan’s global competitiveness and safeguard the island’s interests.

President Donald Trump announced across-the-board import tariffs on Wednesday… The U.S. tariffs, however, do not apply to semiconductors, a major Taiwanese export.

Lai met the executives at his official residence to discuss the response to “the global economic and trade challenges brought about by the reciprocal tariff policy,” his spokesperson Karen Kuo said in a statement.

She did not say which companies were present, only that there were several representatives from the information and communications technology, or ICT, industry.

Lai “hopes to give industry the greatest support, stabilise the economic situation, ensure Taiwan’s industry’s global competitiveness, and safeguard our country’s national interests and the continued steady progress of our economy,” Kuo said.

Taiwan is home to TSMC, the world’s largest contract chipmaker and an important supplier to companies including Apple and Nvidia.

Finance

IRS plans to cut up to 25% of staff, starting with closing its civil rights office, AP sources say

Published

15 hours ago

April 5, 2025

Press Room

IRS plans to cut up to 25% of staff, starting with closing its civil rights office, AP sources say

WEST PALM BEACH, Fla. (AP) — The IRS plans to cut as many as 20,000 staffers — up to 25% of the workforce — as part of layoffs that began Friday, two people familiar with the situation told The Associated Press.

The job cuts will begin with the IRS Office of Civil Rights and Compliance, which would be reduced by 75% through layoffs, and its remaining workers would be absorbed into the agency’s Office of Chief Counsel, according to those two people as well as a third person familiar with the matter. Fewer than 200 people work in the Office of Civil Rights and Compliance, formerly known as the Office of Equity, Diversity, and Inclusion.

The three people spoke on the condition of anonymity because they were not authorized to disclose the plans. The Washington Post first reported on Friday’s layoffs at the IRS, which collects revenue and enforces tax laws.

The workforce reductions are part of the Trump administration’s efforts to shrink the size of the federal bureaucracy through billionaire Elon Musk’s Department of Government Efficiency. The administration has closed agencies, laid off probationary employees who have not yet gained civil service protection and offered buyouts through a “deferred resignation program.”

A Treasury spokesperson who spoke on the condition of anonymity to preview Treasury plans said Friday that any staffing reductions are part of larger process improvements and tech innovations that will allow the IRS to operate more effectively.

Rolling back Biden-era hiring and consolidating support functions are intended to more efficiently serve the public, the spokesperson said in a statement.

The IRS started workforce reductions in February. Roughly 7,000 probationary employees with one year or less of service at the agency were notified they would lose their jobs.

However, a federal judge recently ordered those workers to be reinstated.

In March, IRS employees involved in the 2025 tax season were told they would not be allowed to accept a buyout offer from the Trump administration until after the taxpayer filing deadline of April 15.

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Finance

Wall Street fears Trump’s tariffs will wipe out 2024’s stock market gains

Published

1 day ago

April 4, 2025

Press Room

Wall Street fears Trump’s tariffs will wipe out 2024’s stock market gains

Stocks sank on Friday as the reality of an all-out trade war following President Trump’s sweeping tariffs set in, fueling Wall Street strategists’ worst fears about how far the S&P 500 (^GSPC) could fall in 2025.

Amid a $2.5 trillion wipeout in markets on Thursday, strategists had warned stock indexes could face further downside should the trade war escalate. On Friday morning, that fear became a reality.

Stock losses accelerated before the bell after China said on Friday it would impose additional tariffs of 34% on all US products from April 10 — matching the extra 34% duties imposed by Trump on Wednesday.

By 11 a.m. ET, The Dow Jones Industrial Average (^DJI) pulled back 3.5%, or about 1,400 points, on pace to close in correction territory. Meanwhile, the S&P 500 (^GSPC) sank about 3.8% as the broad-based benchmark was headed for its worst week since 2020. The tech-heavy Nasdaq Composite (^IXIC) also dropped 4.2%.

Friday’s losses extended a $2.5 trillion wipeout as markets digested President Trump’s launch of the most aggressive tariff plan in a century.

SNP – Free Realtime Quote USD

As of 12:38:15 PM EDT. Market Open.

^GSPC ^DJI ^IXIC

“If high tariff rates stay in place, negotiations are drawn out over a multi-month period and additional measures are taken with key trading partners, the risk of a recession/our bear case is likely to rise more materially,” Morgan Stanley chief investment officer Mike Wilson wrote in a note to clients on Thursday night. Wilson’s bear case projects the S&P 500 to end at 4,600, a level not seen on the benchmark index since December 2023.

The recent move in markets has already pushed some strategists to become less confident in stocks’ ability to rebound from the recent crash. In a note early Friday morning before China’s reciprocal tariffs were announced, RBC Capital Markets head of US equity strategy Lori Calvasina lowered her year-end S&P 500 target to 5,550 from a prior target of 6,200. That target of 6,200 had already been lowered from 6,600 less than a month ago.

“Our old bear case for the index this year has become our new base case,” Calvasina wrote.

As of Friday morning, it doesn’t appear the administration is backing down from its firm tariff stance. In a Truth Social post on Friday, Trump wrote, “MY POLICIES WILL NEVER CHANGE. THIS IS A GREAT TIME TO GET RICH, RICHER THAN EVER BEFORE!!!”

At this point, with the administration holding firm and other trade partners retaliating rather than negotiating, some on Wall Street don’t see the tariff turmoil ending anytime soon.

Read more: What Trump’s tariffs mean for the economy and your wallet