Tue.Nov 14, 2023

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Golden Parachutes Face Investor Scrutiny

Harvard Corporate Governance

Posted by Subodh Mishra, Institutional Shareholder Services, on Tuesday, November 14, 2023 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services (ISS) Inc. This post is based on an ISS Corporate Solutions memorandum by Alyce Lomax, Associate Vice President at ISS Corporate Solutions. Related research from the Program on Corporate Governance includes Golden Parachutes and the Wealth of Shareholders (discussed on the Forum here ) by Lucian Bebchuk,

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Cracking the code on enhanced digital and cyber risk maturity

Mckinsey and Company

A recent digital and cyber self-assessment of organizations in Australia and New Zealand revealed a mix of strengths and areas for improvement needed to address ever-evolving digital-related risks.

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Perspectives on Tech Sector Activism Going into 2024

Harvard Corporate Governance

Posted by Harvind Raman and Garrett Muzikowski, FTI Consulting, on Tuesday, November 14, 2023 Editor's Note: Harvind Raman is a Senior Managing Director and Garrett Muzikowski is a Senior Director at FTI Consulting. This post is based on their FTI Consulting memorandum. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism by Lucian Bebchuk, Alon Brav, and Wei Jiang (discussed on the Forum here ); Dancing with Activists by Lucian Beb

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Henrik Henriksson: Rapidly scaling a green steel start-up

Mckinsey and Company

Henrik Henriksson, CEO of H2 Green Steel, talks about the challenges and successes in founding a green business start-up and out-executing peers in a competitive environment.

Start-ups 112
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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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Setting a Foundation for Business Growth

Redpath

The strength and performance of any edifice depend on a sound foundation. Your business may not be a physical structure, but your growth strategy needs the same type of well-constructed foundation in order to succeed. As a business owner, building a strategic growth roadmap that pinpoints where you are and where you are going will help you achieve the future you want for your company.

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Forward Thinking on how geeks are changing the world with Andrew McAfee

Mckinsey and Company

One of the world’s tech scholars talks geeks, two-pizza teams, the 90 percent syndrome and a whole lot more.

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More Trending

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Generative AI can change real estate, but the industry must change to reap the benefits

Mckinsey and Company

Real estate can use generative AI to turn the industry’s data into treasure in seven steps.

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Trey Dodd Featured in Construction Users Roundtable

Butcher Joseph & Co.

Construction Users Roundtable talks with Trey Dodd, Senior Analyst at ButcherJoseph & Co., about valuations, trends, and mergers and acquisitions (M&A. The post Trey Dodd Featured in Construction Users Roundtable appeared first on ButcherJoseph & Co.

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Consumers’ perceptions of their health-related social needs

Mckinsey and Company

Healthcare ecosystem entities can use insights gleaned from a US consumer survey of health-related social needs to inform policies and programs and improve outcomes.

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Glencore/Teck: passing the buck to make a buck

Financial Times M&A

Swiss group’s shareholders will have the choice of keeping shares in the spin-off or dumping them on the market

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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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The McKinsey Crossword: And Both Times Y | No. 154

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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Why choosing your clients is key to business success

JPAbusiness

We recently facilitated the sales of two businesses in two different industries; both over 20 years old, both highly successful and highly profitable. In both cases one of their critical success factors was being able to choose who they did business with – i.e. being able to choose their clients – and both were quite ruthless in doing this! They had developed their offerings sufficiently to say, “we’re happy to deal with Client A” but “our business model doesn’t suit Client B, so we’re not going

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Corporate insolvencies jump 18% in October

Accountancy Today

Corporate insolvencies increased by 17.6% in October 2023 to a total of 2,315 compared to September’s total of 1,969, and increased by 18.5% compared to October 2022’s figure of 1,954. According to the Insolvency Service this is higher, this was higher than levels seen while the Government support measures were in place in response to the coronavirus (Covid-19) pandemic and also higher than pre-pandemic numbers.

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How to express gratitude at work

ThomsonReuters

The power of gratitude You probably say “Hey, thanks” several times a day. It’s a common way to show courtesy and appreciation in everyday interactions. You might also use “Thanks” in your email signature or send a “thank you” emoji to your colleagues. But what if you want to express a deeper level of gratitude at work?

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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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A brutal bonus season for Wall Street

Financial Times M&A

Plus, the €1bn beauty deal that went ugly and buyout funds hunt for start-up bargains

Start-ups 105
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The “Missing Ingredient” for ESOP-Owned Companies

Butcher Joseph & Co.

ButcherJoseph & Co. Managing Partner and Co-founder Keith Butcher shares his view that when mature ESOPs run into trouble, it is not usually because t. The post The “Missing Ingredient” for ESOP-Owned Companies appeared first on ButcherJoseph & Co.

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Glencore sets clock ticking on break-up after sealing $9bn Teck deal

Financial Times M&A

Swiss group plans to merge Teck’s steelmaking coal business with its own assets before spinning off combined unit

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Who Eats First, the Family or the Family Business?

Auto Dealer Valuation Insights

It’s that time of year again. The grocery list has been made, the headcount has been verified, and the dusted box with pilgrim decorations has been taken down from the top shelf of the storage closet. The table might not be set yet, but for the most part, we know who we will be eating turkey with next week on Thanksgiving Day. Aunt Cathy may or may not bring Cousin Lenny, but Cousin Lenny prefers.

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Natura to sell The Body Shop to private equity firm for £207mn

Financial Times M&A

Aurelius buys ethical beauty retailer from Brazilian cosmetics group

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Comment on Low Appraised Value = Racial Bias? by Russell

Appraisers Blog

In reply to Scott Taylor on Facebook. I often search for sales before accepting an order depending on the type of financing such as FHA or USDA. For FHA and USDA the first three sales must be within one year of the effective date no exception. The area where I live has a 45K acres lake that covers two states and four counties. Moving further in distance away from the lake would not be credible for my reports.

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FounderMetrics: Dr Julian Nesbitt

Vested

Joining Ifty Nasir for FounderMetrics episode three is Dr Julian Nesbitt, a visionary founder of a cutting-edge platform that’s reshaping our approach to mental health support.

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Comment on Using Discrimination As a Bully Tactic by Russell

Appraisers Blog

In reply to PJTMC. PJTMC, so true what you said. One of my many favorite quotes is by Tony A. Gaskins Jr. “You can give a person knowledge, but you can’t make them think. Some people want to remain fools, only because the truth requires change.

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FCF is sponsor of the 8th ECP on February 6, 2024 in Frankfurt am Main and/or February 20 – 21, 2024 online

Fox Corporate Finance

On February 6, 2024, the 8th ECP – European Chemistry Partnering Congress, the business speed dating event for the chemical and biotech industry, will take place in Frankfurt. Visitors to the 8th ECP can benefit. Read more The post FCF is sponsor of the 8th ECP on February 6, 2024 in Frankfurt am Main and/or February 20 – 21, 2024 online appeared first on FCF Fox Corporate Finance GmbH.

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Hard-Surface Flooring Retailer LL Flooring's Shares Are Ticking Higher: What's Going On?

Benzinga

Private equity firm F9 Investments, LLC has proposed to acquire all the issued and outstanding shares of common stock of LL Flooring Holdings Inc (NYSE: LL ) for $3.00 per share. F9 Investments, together with its affiliates, collectively owns approximately 8.8% of LL Flooring Holdings. The proposed offer will be fully financed through cash on hand and borrowing under an existing revolving credit facility from an affiliate of F9.

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FCF is sponsor of the 8th ECP on February 6, 2024 in Frankfurt am Main and/or February 20 – 21, 2024 online

Fox Corporate Finance

On February 6, 2024, the 8th ECP – European Chemistry Partnering Congress, the business speed dating event for the chemical and biotech industry, will take place in Frankfurt. Visitors to the 8th ECP can benefit. Read more The post FCF is sponsor of the 8th ECP on February 6, 2024 in Frankfurt am Main and/or February 20 – 21, 2024 online appeared first on FCF Fox Corporate Finance GmbH.

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Why Vacation Rental Company Airbnb's Shares Are Jumping Today

Benzinga

Airbnb, Inc. (NASDAQ: ABNB ) shares are trading higher after acquiring GamePlanner.AI, a stealth 12-person AI company led by Adam Cheyer and Siamak Hodjat. Cheyer co-founded Siri, which Apple Inc. (NASDAQ: AAPL ) acquired, and then led server-side engineering and AI for Siri while working alongside Steve Jobs. " together with Adam and his team, we can develop some of the best interfaces and practical applications for AI," said Airbnb CEO and co-founder Brian Chesky.

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How to Value a Fence Company

Peak Business Valuation

Businesses in the fence construction industry build and install various types of fences. There are approximately 319,000 fence companies in the United States. An industry report from IBIS World notes that these fence companies generate about $3.5 billion dollars annually. In the coming years, we can expect the fence construction industry to experience increasing profit margins and steady revenue growth.

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Rajbhandary & McLeod Attending the Alabama Federal & State Tax Institute

Auto Dealer Valuation Insights

Sujan Rajbhandary, CFA, ABV and Daniel P. McLeod, CFA are attending the 2023 Alabama Federal & State Tax Institute in Birmingham, Alabama, held on November 15, 2023 – November 17, 2023. Sujan has worked with clients in a wide variety of industries and for purposes including gift and estate tax valuation, litigation support, corporate valuation, ESOPs, and financial reporting.

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Mastering Growth: The Top 11 Strategies to Scale Your Business

Rhythm Systems

In the ever-evolving landscape of commerce, achieving growth for your business demands a strategic and adaptive approach. Whether you're a startup, a small business, or a well-established company, the pursuit of expansion and success remains a constant goal.

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FCF is sponsor of the 8th ECP on February 6, 2024 in Frankfurt am Main and/or February 20 – 21, 2024 online

Fox Corporate Finance

On February 6, 2024, the 8th ECP – European Chemistry Partnering Congress, the business speed dating event for the chemical and biotech industry, will take place in Frankfurt. Visitors to the 8th ECP can benefit. Read more The post FCF is sponsor of the 8th ECP on February 6, 2024 in Frankfurt am Main and/or February 20 – 21, 2024 online appeared first on FCF Fox Corporate Finance GmbH.

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Adobe’s $20bn deal to buy Figma faces fresh challenge in Brussels

Financial Times M&A

EU preparing to file anti-competitive charges, according to people familiar with probe

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SEC Announces Enforcement Results for Fiscal Year 2023

Reynolds Holding

The Securities and Exchange Commission announced that it filed 784 total enforcement actions in fiscal year 2023, a 3 percent increase over fiscal year 2022, including 501 original, or “stand-alone,” enforcement actions, an 8 percent increase over the prior fiscal year. The SEC also filed 162 “follow-on” administrative proceedings seeking to bar or suspend individuals from certain functions in the securities markets based on criminal convictions, civil injunctions, or other orders an

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When Earnouts Are Ambiguous: The Importance of a Good Record

John Jenkins

John has blogged previously about the renewed reliance on earnouts in today’s uncertain environment. In fact, this Freshfields blog states that “one recent study found that the use of earnouts in U.S. private M&A deals in 2022 was higher than in any year since 2017.

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How M&A Delistings Affect the Quality of Information About Peer Firms

Reynolds Holding

Over the last 25 years, the number of publicly traded firms in the U.S. has decreased by approximately half, primarily because of delistings that result from mergers and acquisitions. Does this trend have potential consequences for the capital markets? In a forthcoming study, we find evidence that it does: a decrease in the quality of information about industry peers.