Trending Articles

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Activism Vulnerability Report

Harvard Corporate Governance

Posted by Jason Frankl, Brian G. Kushner, and Robert J. Kueppers, FTI Consulting, on Thursday, May 9, 2024 Editor's Note: Jason Frankl and Brian G. Kushner are Senior Managing Directors and Robert J. Kueppers is Senior Advisor at FTI Consulting. This post is based on a FTI Consulting memorandum by Mr. Frankl, Mr. Kushner, Mr. Kueppers, Kurt Moeller , Tom Kim, and Ryan Chiang.

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The rapid evolution of payments in Latin America

Mckinsey and Company

Cash is no longer Latin Americans’ preferred way to pay, as debit cards, credit cards, and mobile payments have gained fans, presenting opportunities for financial-services companies.

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Evolving lines of responsibility between the board and the management

Harvard Corporate Governance

Posted by Natalie Cooper, Bob Lamm, Deloitte LLP, and Randi Val Morrison, Society for Corporate Governance, on Saturday, May 4, 2024 Editor's Note: Natalie Cooper is Senior Manager at the Center for Board Effectiveness at Deloitte LLP; Bob Lamm is Independent Senior Advisor at the Center for Board Effectiveness at Deloitte LLP; and Randi Val Morrison is Senior Vice President and General Counsel at the Society for Corporate Governance.

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Why so many bad bosses still rise to the top

Mckinsey and Company

Narcissism. Overconfidence. Low EQ. Why do we persist in selecting for leadership traits that hamper organizational progress—and leave the right potential leaders in the wrong roles?

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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Sony and Apollo in Talks to Acquire Paramount

NYT M&A

After letting exclusive talks with the movie studio Skydance lapse, Paramount’s directors met over the weekend and decided to negotiate with all the suitors.

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Glencore-Anglo American Tie-Up Makes More Sense Than BHP Offer, Analyst Says

Benzinga

Diversified miners Glencore (OTC: GLNCY ) and Anglo American (OTC: NGLOY ) offer a better match than that proposed in BHP Group ‘s (NYSE: BHP ) offer for Anglo, RBC Capital Markets analyst Marina Calero said in a note to clients on Friday. Last week, Australia-headquartered BHP said it had made a $39 billion offer for London-based Anglo, which swiftly rejected the proposal as too low.

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DOJ Pilot Program on Voluntary Self-Disclosures for Individuals

Harvard Corporate Governance

Posted by James J. Fredricks and Bora P. Rawcliffe, Skadden, Arps, Slate, Meagher & Flom LLP, on Sunday, May 5, 2024 Editor's Note: James J. Fredricks is a Partner and Bora P. Rawcliffe is Counsel at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum. On April 15, 2024, the Department of Justice’s (DOJ’s) Criminal Division unveiled a new Pilot Program on Voluntary Self-Disclosures for Individuals that offers non-prosecution agreements (NPAs) to ind

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Early adoption of generative AI in commercial life sciences

Mckinsey and Company

Pilots of generative AI commercial use cases at biopharmaceutical and medtech companies have been promising, but success at scale hinges on a clear—and budgeted—gen AI strategy and custom solutions.

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Sony and Apollo’s Plan for Paramount: Break It Up

NYT M&A

CBS and other well-known properties would be sold if Sony and Apollo were able to buy Paramount. But the new owners would keep the movie studio.

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What's Going On With Exxon Mobil Shares Today?

Benzinga

Exxon Mobil Corporation (NYSE: XOM ) closed its acquisition of Pioneer Natural Resources Company last week. The merger of both companies created a combined company that has more than 1.4 million net acres in the Delaware and Midland basins and had an estimated 16 billion barrels of oil equivalent resource. With the buyout, ExxonMobil’s Permian production volume is projected to more than double to 1.3 million barrels of oil equivalent per day (MOEBD), based on 2023 volumes, and is targeted

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Building a Strong Cash Flow Forecast

Redpath

A strong cash flow forecast that accurately predicts cash position over the desired period is mission-critical for nearly every business. Building a strong cash flow forecast model up to a few weeks or months can be straightforward with available data and a few unknowns. However, longer-term cash flow forecasts–needed for business sustainability and strategic planning–are more complex.

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Comment on Leaving the Appraisal Profession by Srig

Appraisers Blog

In reply to Flash. How is “It’s only going to get busier with more people leaving industry and it should be busy in 2024 during a Presidential Election.” working out for you right now (5/8/24)? Bidenomics?

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Sony's Bold $26B Paramount Bid Raises Eyebrows: Can They Finance It?

Benzinga

Sony Group Corp’s (NYSE: SONY ) shares experienced a significant drop, the largest in nearly three months, following its joint $26 billion bid with Apollo Global Management Inc (NYSE: APO ) to purchase American multinational mass media and entertainment conglomerate Paramount Global (NASDAQ: PARA ). The offer has sparked concerns about Sony’s financial capacity to handle the acquisition, as the proposed deal exceeds Sony’s current cash reserves.

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Redpath Leaps into Modernity at Securian Center

Redpath

Saint Paul, MN (May 8, 2024) - In a significant stride towards modernization and a renewal of their commitment to remain headquartered in downtown Saint Paul, Minnesota, Redpath and Company—one of Minnesota's leading accounting firms—completed their office relocation from the Alliance Bank Center to the Securian Center. Now located at 400 Robert Street North in Suite 1600, the office move marks a pivotal moment in the company's journey, aligning with its vision for growth, innovation, and cultur

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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Stakeholder Governance and the Eclipse of Shareholder Primacy

Harvard Corporate Governance

Posted by Martin Lipton, Wachtell, Lipton, Rosen & Katz, on Tuesday, May 7, 2024 Editor's Note: Martin Lipton is a Founding Partner at Wachtell, Lipton, Rosen & Katz. This post is based on a Wachtell Lipton memorandum by Mr. Lipton and Kevin S. Schwartz. For decades, advocates of “shareholder primacy” as the North Star of corporate governance have steered our leading corporations and our Nation’s economic engine perilously off-course.

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The McKinsey Crossword: Author Talks | No. 179

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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Comment on Leaving the Appraisal Profession by Flash

Appraisers Blog

In reply to Srig. Ninety Five percent of my business is Non Lender Work. Estates, Inherited Homes, Divorce, Legal Work, Attorneys and Expert Witness Testimony. With clients in the Boomer Generation calling there is still 10-20 years of work just in Estate Work out there so I am busy with 3 reports on my desk now all non lender. Plan your work or someone else has a plan for you.

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Sony, Apollo Said To Be In Talks To Access Struggling Paramount's Financials To Pave Way For Potential $26B Acquisition

Benzinga

Sony Group Corp (NYSE: SONY ) and Apollo Global Management Inc (NYSE: APO ) are reportedly in discussions with Paramount Global (NASDAQ: PARA ) to gain access to the latter’s financial records, a move that could potentially lead to a $26 billion acquisition. What Happened : Paramount Global is currently in talks to share its financial information with Sony and Apollo, who are both interested in acquiring the U.S. media company, reported Reuters citing people familiar with the matter.

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Paramount Will Let Exclusive Talks With Skydance Lapse, Imperiling Deal

NYT M&A

Negotiations are now likely to focus on another suitor, Sony, which has teamed up with the private equity giant Apollo on a $26 billion bid.

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The Missing “T” in ESG

Harvard Corporate Governance

Posted by Danielle Chaim (Bar-Ilan University), and Gideon Parchomovsky (Hebrew University of Jerusalem), on Wednesday, May 8, 2024 Editor's Note: Danielle Chaim is an Assistant Professor at Bar-Ilan University Faculty of Law, and Gideon Parchomovsky is Wachtell, Lipton, Rosen & Katz Chair in Corporate Law at the Hebrew University of Jerusalem and Robert G.

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From start-up to centaur: Leadership lessons on scaling

Mckinsey and Company

This playbook for founder CEOs on scaling from start-up to standout and beyond borrows lessons from the global B2B software-as-a-service industry.

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Comment on Fannie & Freddie’s AI Appraisal Photo Recognition by Sheri

Appraisers Blog

In reply to Baggins. A borrower inspection is just that. The borrower is lead through a video inspection on his/her phone by an appraiser sitting at a computer. The appraiser gives the borrower instructions on what to view and the borrower takes video while walking through the property. The appraiser sitting at his/her desk can watch the video as it is being recorded by the borrower and take snapshots of items of importance through coordination with the borrower.

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4 Cost-Cutting Areas to Help Your Business Boost Profits

Machen McChesney

Many businesses focus on selling more products and services to boost profitability. But sales volume alone doesn’t necessarily raise profits. In fact, pushing more sales through a bloated expense structure can result in lower net profits.

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Big Players In U.S. Cannabis Could Play The Stock-Value Card In M&A, New Report Shows

Benzinga

As the cannabis industry adapts to its new regulatory environment following the DEA's announcement it would move to reschedule cannabis , a recent report from Viridian Capital Advisors suggests a significant uptick in mergers and acquisitions (M&A) activity is on the horizon. Increased Benefits For Tier 1 Mult-State Operators The analysis highlights a crucial trend in the valuation gap between Tier 1 multi-state operators (MSOs) and smaller entities, which has widened to a three-year hig

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Innovation: The Bright Side of Common Ownership?

Harvard Corporate Governance

Posted by Mireia Giné (IESE Business School), on Monday, May 6, 2024 Editor's Note: Mireia Giné is Professor of Finance at the IESE Business School. This post is based on a recent paper by Prof. Giné; Miguel Antón , Florian Ederer , and Martin Schmalz. The common ownership hypothesis has ignited a debate among scholars, policymakers, investors, and other industry stakeholders about the impact of widespread diversified investment on corporate competition.

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Digital twins: Capturing value from renewable hydrogen megaprojects

Mckinsey and Company

Hydrogen developers could use digital twins to improve the economic viability of renewable projects and meet increasing demand. Here, we illustrate how, using renewable hydrogen as an example.

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Comment on Fannie & Freddie’s AI Appraisal Photo Recognition by And the nightmare gets worse

Appraisers Blog

In addition to damaging more appraiser’s lives, I can think of several dozens of ways this new system will be abused. This invasive, soon to be requirement, is likely to look for more than appraisal related items. What books are on your shelves, what do personal displayed photos and/or artwork on the walls reveal? Do the homeowners have a gun safe that shows up in the pictures?

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Why Expert Witness Certifications Matter In Litigation

Gross Mendelsohn

Certifications help signal that someone is knowledgeable and competent in a given subject matter or area. For expert witnesses, a certification can be valuable for emphasizing their competency and eligibility to serve as an expert witness in court. On the other hand, expert witnesses who lack credentials have an uphill battle in proving their knowledge and ability to serve as an expert witness.

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James Cameron and Ari Emanuel back Skydance bid for Paramount

Financial Times M&A

Endorsements come as exclusive talks end without deal and Sony and Apollo push rival $26bn offer

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Benchmark International Has Successfully Facilitated the Transaction Between Curie Environmental Services, LLC and Tradebe Environmental Services, LLC

Benchmark Report

Benchmark is pleased to announce the transaction between Curie Environmental Services, LLC and Tradebe Environmental Services, LLC. This move was driven by the vision of strategic expansion and the significant value that Curie Environmental Services, LLC brings.

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What is deep learning?

Mckinsey and Company

Deep learning is a type of machine learning that is more capable, autonomous, and accurate than traditional machine learning.

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Comment on Fannie & Freddie’s AI Appraisal Photo Recognition by Spencer Paul

Appraisers Blog

In reply to Bill Johnson. The guy that made this change to flood the panel with crappy Appraiser and try to run it like and AMC…they should have done some homework before making such a decision.

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Las Vegas Cannabis Powerhouse Planet 13 To Close $49M Florida Expansion Deal After Achieving Another Milestone

Benzinga

Planet 13 Holdings Inc. (CSE: PLTH ) (OTCQX: PLNH ) closed its previously announced sale of Planet 13 Florida, Inc. on Monday following the previously announced approval from the Florida Office of Medical Marijuana Use in April. What Happened The Las Vegas-based vertically-integrated multi-state operator (MSO) sold 100% of the equity interests of Planet 13 Florida, which owns a medical marijuana treatment center license issued by the Florida Department of Health to SGW FL Enterprises, LLC , in e

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Anglo American’s South Africa investors open to improved BHP bid

Financial Times M&A

Shareholder stance defies government hostility to plan that would break up national champion

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