Harvard Corporate Governance

FEBRUARY 8, 2024

Posted by Byung Hyun Ahn (Dimensional Fund Advisors), Panos N. Patatoukas (UC Berkeley), and George S. Skiadopoulos (Queen Mary University of London and the University of Piraeus), on Thursday, February 8, 2024 Editor's Note: Byung Hyun Ahn is a Senior Researcher at Dimensional Fund Advisors; Panos N. Patatoukas is a Professor and the L.H. Penney Chair in Accounting at the University of California Berkeley Haas School of Business; and George S.

Alpha 216

Alpha 216

The Guardian M&A

FEBRUARY 8, 2024

Despite healthy sales, publishers such as Epic Games and Activision Blizzard are making hundreds of employees redundant – which may radically reshape the industry It is widely agreed that 2023 was a stellar year for video games. The Legend of Zelda: Tears of the Kingdom , Baldur’s Gate 3 , Alan Wake 2 , Marvel’s Spider-Man 2 … barely a week passed without some blockbuster hit or independent gem.

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136

Harvard Corporate Governance

FEBRUARY 8, 2024

Posted by Greg Pessin, John Sobolewski, and Alana Thyng, Wachtell, Lipton, Rosen & Katz, on Thursday, February 8, 2024 Editor's Note: Gregory Pessin and John Sobolewski are Partners, and Alana Thyng is a Law Clerk at Wachtell, Lipton, Rosen & Katz. This post is based on a Wachtell Lipton memorandum by Mr. Pessin, Mr. Sobolewski, Ms. Thyng, Josh Feltman , Emily Johnson , and Joel Simwinga.

Finance 126

Finance Debt Financing Marketability Business Valuation 126

Mckinsey and Company

FEBRUARY 8, 2024

To integrate renewables into grids and support the energy transition, operators may need to rethink their planning approaches and tools to tackle network and value chain challenges.

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124

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.

Marketability

Harvard Corporate Governance

FEBRUARY 8, 2024

Posted by John Galloway, Vanguard, Inc., on Thursday, February 8, 2024 Editor's Note: John Galloway is Global Head of Investment Stewardship at Vanguard, Inc. This post is based on a publication by Vanguard Investment Stewardship. This Global Proxy Voting Policy has been adopted by the Boards of Trustees of the Vanguard-advised funds (the “Funds’ Boards”) and describes the funds’ general positions on matters that may be subject to a vote by portfolio company shareholders. [1] This policy guides

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126

Musings on Markets

FEBRUARY 8, 2024

I was planning to finish my last two data updates for 2024, but decided to take a break and look at the seven stocks (Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla) which carried the market in 2023. While I will use the "Magnificent Seven" moniker attached by these companies by investors and the media, my preference would have been to call them the Seven Samurai.

Marketability 115

Marketability Market Capitalization Start-ups Equity 115

Vested

FEBRUARY 8, 2024

We spoke to Dustin Siggins, the founder of Proven Media Solutions , about how to juggle family and working lives, and why doing a handful of things well is the route to success.

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111

N Contracts

FEBRUARY 8, 2024

Measuring compliance risk protects your institution from financial, legal, and reputational damage. When you know how much compliance risk exists, you can decide if you are comfortable with that risk or need to adjust internal controls to mitigate it. This is true whether you’re quantifying risk for the first time or monitoring for changes to your risk exposure.

Compliance 103

Compliance 103

Law 360 M&A

FEBRUARY 8, 2024

The Competition and Markets Authority said on Thursday it has launched an investigation into Aviva PLC's planned all-cash acquisition of the U.K. protection business of AIG Life Ltd. for £460 million ($580 million).

Marketability 98

Marketability 98

NYT M&A

FEBRUARY 8, 2024

Regulatory scrutiny felled the sale of Figma, a design platform, to Adobe. Now it’s grappling with employee expectations and a changing market.

Marketability 108

Marketability Start-ups Mergers & Acquisitions 108

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

Corporate Finance

ThomsonReuters

FEBRUARY 8, 2024

Jump to: What are the main accounting assumptions? Going concern assumption: A closer look How do common accounting assumptions relate to GAAP? Staying up to date with GAAP standards Running an efficient and successful business isn’t easy. Therefore, when serving business clients, it is important that accounting professionals have the right framework to ensure that proper financial reporting procedures are in place to help with accounting assumptions.

Data Analysis 96

Data Analysis 96

Mckinsey and Company

FEBRUARY 8, 2024

Engaged, motivated maintenance teams keep heavy industry moving. Does your organization’s maintenance culture need a tune-up?

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112

Machen McChesney

FEBRUARY 8, 2024

Financial reporting plays a key role when a business needs funds for continued operations and strategic investment opportunities. Lenders and investors will generally want to review your company’s financial statements before they give it money. Timely, reliable reports can increase the odds that a bank will approve your company’s loan application and equity investors will provide capital.

Equity Financing 89

Equity Financing Equity Finance Banking 89

Mckinsey and Company

FEBRUARY 8, 2024

Workforce productivity varies significantly across upstream oil and gas companies. Understanding the productivity gap—and the three levers to close it—could boost company performance and resilience.

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84

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.

Marketability

NYT M&A

FEBRUARY 8, 2024

Acquiring billions of dollars in assets from Signature Bank when it went under last year contributed to the Long Island lender’s troubles.

Banking 81

Banking Mergers & Acquisitions 81

Mckinsey and Company

FEBRUARY 8, 2024

Oil and gas companies are struggling to retain top talent. Focusing on EVP can improve retention but levers to boost EVP differ widely across the industry.

89

89

Trout CPA

FEBRUARY 8, 2024

The U.S. House of Representatives on January 31 passed the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024) by a vote of 357 to 70. The $78 billion bipartisan bill, crafted by Senate Finance Committee Chair Ron Wyden (D-Ore.) and House Ways and Means Committee Chair Jason Smith (R-Mo.), would revive or extend certain business tax incentives and enhance the child tax credit.

Finance 69

Finance 69

Mckinsey and Company

FEBRUARY 8, 2024

New McKinsey analysis shows that while asset-centric models on average produce better results, function-centric models tend to perform more consistently.

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87

Law 360 M&A

FEBRUARY 8, 2024

Mobility services provider SP Plus said on Wednesday that it had received another request for information from the U.S. Department of Justice on its planned $1.5 billion merger with Metropolis, a payments tech company.

74

74

Benchmark Report

FEBRUARY 8, 2024

Benchmark International is pleased to announce the transaction between Espresso Parts, LLC and Diversified Foodservice Supply, LLC. The target reason for the acquisition was strategic expansion.

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M&A Leadership Council

FEBRUARY 8, 2024

The Art of M&A® / Financing and Refinancing An excerpt from The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide by Alexandra Reed Lajoux Can a buyer always finance all or part of a transaction through partial divestments or spin-offs? Not necessarily. This is possible only when the business acquired consists of separate components or has excess real estate or other assets.

Finance 59

Finance Mergers & Acquisitions 59

Benchmark Report

FEBRUARY 8, 2024

Are you considering an earn-out and have questions? Or do you just want to know more about them? James Robinson, Senior Director at Benchmark International, discusses some frequently asked questions.

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64

Benzinga

FEBRUARY 8, 2024

Canadian medical cannabis giant Aurora Cannabis Inc. (NASDAQ: ACB ) (TSX: ACB ) reported its financial and operational results on Thursday for the third quarter of fiscal year 2024. CEO Miguel Martin said that medical cannabis net revenue has increased significantly year-over-year, adding the third quarter represents the company's fifth consecutive quarter of positive adjusted EBITDA.

EBITDA 59

EBITDA Equity Marketability 59

Appraisers Blog

FEBRUARY 8, 2024

We were asked today to remove the term “Traditional” from commentary about a comparable. It said, Comp 2, an older, Traditional dwelling, is in the subject neighborhood…” I am baffled. I pushed back, and the bank came rolling me over with a crazy diatribe about how it could be biased in so many ways and how could I not see that?

Comps 58

Comps Appraisal Banking 58

Financial Times M&A

FEBRUARY 8, 2024

UK lender strikes deal to buy bulk of supermarket’s bank

Banking 104

Banking 104

Appraisers Blog

FEBRUARY 8, 2024

In reply to Raymond. How about this perspective; Imagine asking a corporation, whom provides your primary source of income, asking them for more benefits and broader client access. To your surprise the corporation readily agrees, funds a certain working benefits program, hires and trains people to administrate that program, then cuts your working compensation in half to fund the program.

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57

Law 360 M&A

FEBRUARY 8, 2024

Barclays said on Friday that it has agreed to buy the retail banking arm of the Tesco PLC supermarket chain for £600 million ($757 million) in a transaction in which it was guided by Hogan Lovells and Slaughter and May.

Banking 52

Banking 52

Appraisers Blog

FEBRUARY 8, 2024

Another problem? There are an estimated 70,000 licensed or certified real estate appraisers in the U.S. There are about 100 (including myself) that comment on this page regularly. Maybe another 1,000 that complain on Facebook. The other 68,000 + roll over and accept it. They continue to do appraisal reports for $200/each. AMC’s just laugh. I suppose I have a defeatist attitude now.

Appraisal 57

Appraisal 57

Law 360 M&A

FEBRUARY 8, 2024

A proposed investor class can't be certified in a suit alleging M&T Bank Corp. and Hudson City Bancorp Inc. hid regulatory problems that led to a yearslong delay of their $3.7 billion merger over a decade ago, a federal judge said Wednesday.

Banking 52

Banking 52

Appraisers Blog

FEBRUARY 8, 2024

Assuming that they engaged in a smear campaign against you, 500k sounds WAY too low. The tax man will take half and your attorneys will take the remainder. Not only do you have to rebuild your reputation, you have to rebuild your business plus be compensated for lost wages and suffering. The court also must decide how much it will take in monetary damages to make this couple think twice before repeating this behavior. 5 million minimum my friend.

Appraisal 55

Appraisal 55

Law 360 M&A

FEBRUARY 8, 2024

A shareholder of urban air transport venture Blade Air Mobility Inc. on Thursday filed a lawsuit in Delaware's Court of Chancery against key figures of the special-purpose acquisition company that took it public, along with the deal's sponsor KSL Capital Partners.

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Appraisers Blog

FEBRUARY 8, 2024

This guy is fighting the good fight to end the nonsense of the woke agenda. It needs to be stopped somewhere and why not here? We need to set a precident that will benefit all our futures and potential for devasting consequences if it continues.There are 80,800 of us and just a small donation can help anyone of us being the next victim. I just donated and darn glad I did.

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Law 360 M&A

FEBRUARY 8, 2024

Oil and natural gas company Pioneer Natural Resources has been sued for its books and records in the Delaware Court of Chancery by a pension fund alleging that the company's officers and directors breached their fiduciary duties as the company negotiated a $59.5 billion deal to be acquired by oil giant Exxon Mobil Corp.

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Appraisers Blog

FEBRUARY 8, 2024

In reply to Truth. This guy sounds really trust worthy and responsible. Checks out. Another highlight how systemic training deficiencies in this industry, brought unethical people to the forefront for promotions, rather than being shuffled away to the back where they belong. I’m sensing an amc employment factor. Only in mortgage lending could someone feel justified saying hard work and attention to detail no longer has value, while insulting people for having those values.

Appraisal 55

Appraisal 55