Tue.Apr 23, 2024

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“ES” Versus “G” in Corporate Governance: You Can’t Have It All

Harvard Corporate Governance

Posted by Patrick Corrigan (University of Notre Dame), on Tuesday, April 23, 2024 Editor's Note: Patrick Corrigan is an Associate Professor of Law at the University of Notre Dame Law School. This post is based on his working paper. The environmental, social, and governance (ESG) moniker implies a coherence between corporate social responsibility and corporate governance.

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In Silicon Valley, You Can Be Worth Billions and It’s Not Enough

NYT M&A

Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.

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Alternative Data – A COSO perspective

Harvard Corporate Governance

Posted by Nicolas H.R. Dumont, Dave Navetta and Michael Egan, Cooley LLP, on Tuesday, April 23, 2024 Editor's Note: Nicolas H.R. Dumont , Dave Navetta and Michael Egan are Partners at Cooley LLP. This post is based on a Committee of Sponsoring Organizations of the Treadway Commission (COSO) memorandum by Mr. Dumont, Mr. Navetta, Mr. Egan, and Ryan Blair.

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What is top of mind for dairy executives in 2024?

Mckinsey and Company

How will the US dairy industry evolve in response to growing concerns about sustainability and other issues? We conducted our sixth annual survey of dairy executives to find out.

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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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The Gist of Tornetta

Harvard Corporate Governance

Posted by Michael R. Levin, The Activist Investor, on Tuesday, April 23, 2024 Editor's Note: Michael R. Levin is the Founder and Editor of The Activist Investor. This post is based on his TAI memorandum. Sounds like a novel, right? Rather than our effort to distill to its essence the complicated, enormous lawsuit that TSLA shareholder Richard Tornetta won against CEO Elon Musk and eight directors to clawback $56 billion in exec comp?

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EXCLUSIVE: Why This Uranium Bull Market Is Different — 'We've Really Got To Start Developing Mines,' Says Madison Metals CEO

Benzinga

Uranium prices have more support now than they did when the nuclear fuel hit its all-time high in 2007, according to the chief executive of uranium explorer Madison Metals Inc. (OTC: MMTLF ). Back then, when uranium reached a record high above $130 per pound, physical supply was tight because of flooding at two major mines, falling recoveries from old nuclear warheads, expectations of a nuclear renaissance and the launch of uranium futures in New York.

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G Mining Ventures Spends $638M To Buy Reunion Gold Guyana Project

Benzinga

Montreal-based G Mining Ventures (OTCQX: GMINF ) is acquiring Reunion Gold ‘s (OTCQX: RGDFF ) Oko West gold project in Guyana in an all-share deal for $638 million. What Happened : This acquisition will strengthen the company's foothold in South America and solidify its position as an intermediate gold producer. “We are well-positioned to accelerate value creation at Oko West, leveraging our unique expertise in building and operating mines on schedule and budget in the Guiana Sh

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Comment on Fannie Mae to Maryland: DROP DEAD by PD

Appraisers Blog

In reply to Mat J. Maybe too much? The question comes to mind, who’s bidding are they doing? For the good of the public? Seems to me when reviewing the facts, the consumer has been us getting the short of the stick for some time now yet they are just singing in the rain.

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Can Australian service standards cut it on the global stage?

JPAbusiness

Recently, while staying in Melbourne at an internationally recognised hotel, I struck up a conversation with one of the senior waiters in the restaurant. He was in his mid-20s and mentioned he had Malaysian heritage. He was a former University of Adelaide student, having completed a bachelor’s degree in hospitality just over 12 months ago, and had been working at this hotel since graduating.

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Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Baggins

Appraisers Blog

Great find Bill. The CU system is a mass assessment hedonic regression tool. [link] Corelogic/FNC patent on appraisal report auto review. Expanded patent history, they share the tools with lenders. [link] Systems in place to predict borrowers behavior based on statistical data of millions of loans, thousands of factors, including activity not related to lending, and geographic data.

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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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ButcherJoseph Advises Environmental Restoration on a Sale to Its Employees

Butcher Joseph & Co.

ButcherJoseph Advises Environmental Restoration on a Sale to Its Employees. The post ButcherJoseph Advises Environmental Restoration on a Sale to Its Employees appeared first on ButcherJoseph & Co.

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Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Shawn M Prince

Appraisers Blog

Census, zip code and big data. Can someone explain to me how City of Trenton and neighboring Hamilton Township NJ are supposed to be valued the Same? Thats where Fannie is taking this. The 2 locations well they share multiple zip codes yet Trenton is a decades year old capital of New Jersey and Hamilton is a suburb mostly built mid-century. They share zip codes, but they don’t share schools, services, etc.

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Business Owners Looking to Sell Can Use ESOPs to Their Advantage

Butcher Joseph & Co.

ESOPs have become a compelling choice for business owners planning to sell within the next five years. The post Business Owners Looking to Sell Can Use ESOPs to Their Advantage appeared first on ButcherJoseph & Co.

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Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Dave

Appraisers Blog

Am I the only one who recognizes that there is insufficient qualitative data points in a URAR 1004 to run a reliable AVM. Q3/Q4, C3/C4 is not necessarily consistent (not to mention binary) and may vary depending on comps and no one I know ever makes a line item functional adjustment, and the below/above grade reconciliation is totally contrived to often zero out towards TOTAL GLA; and land value has nothing to do with cost/acre (square vs long rectangle same acreage) – just a few reasons w

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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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Managing 1071 Costs

N Contracts

Small business lenders worried about the high cost of Section 1071 implementation should consider the benefits of outsourcing.

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Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Spencer Paul

Appraisers Blog

In reply to Bill. It would have to be. If they are using that information to arrive at the CBG adjustments, then it would only be logical that it was being used to locate sales the CU would prefer you use in order to lower the risk score, or in otherwards lower the value. They are the culprits and the one’s that are gaslighting the media about appraiser’s are doing when they are doing it.

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Medtech propels economic growth and innovation in Southern California

Mckinsey and Company

Many medtech companies are thriving in Southern California, and prospects are bright for continued development of the sector. Leaders who capitalize on the region’s advantages have much to gain.

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Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Jason

Appraisers Blog

In reply to Spencer Paul. Spencer Paul, review that last sentence and it’s good. There is a spelling error and I believe there is an incorrect word or two. But it’s good.

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Navigating Change in the Family Business

Auto Dealer Valuation Insights

Mercer Capital had the opportunity to sponsor and attend Family Business Magazine’s 2024 Transitions Spring Conference in sunny Tampa, Florida. As always, the team at Family Business Magazine did a great job organizing and hosting the gathering of a few hundred representatives from nearly 90 successful enterprising families.

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Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Spencer Paul

Appraisers Blog

And this is why the state of Maryland is investigating FNMA, thier valuation acceptance and appraisal waivers that leave people in the dark about thier actual property values. Just trust us they say. Did Zillow do this and imploded?

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FTC Files Lawsuit To Block $8.5B Merger Of Coach And Versace Handbag Makers

Benzinga

The U.S. Federal Trade Commission (FTC) has launched a lawsuit to halt the $8.5 billion acquisition of Capri Holdings Ltd. (NYSE: CPRI ) by Tapestry Inc. (NYSE: TPR ). What Happened : The FTC’s lawsuit, filed on Monday, contends that the proposed merger would eliminate direct competition between the two luxury handbag manufacturers, potentially impacting wages and employee benefits, Reuters reported.

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Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Spencer Paul

Appraisers Blog

In reply to Pat. While they don’t have a 1 mile rule, the UW comments regarding such are suggestive otherwise. Yes FNMA will deny anything and everything. Even if this were to blow up and end before Congress, I don’t believe anything will come of it because it would completely erode the media push that appraiser’s are racist and they need that narrative to be pushed to push us out.

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Why Is Athletic-Inspired Fashion Retailer Hibbett Stock Jumping Today?

Benzinga

Hibbett, Inc. (NASDAQ: HIBB ) shares are trading higher by 18% in the premarket session on Tuesday. Hibbett announced a definitive agreement in which JD Sports Fashion PLC (OTC: JDSPY ) will acquire Hibbett for $87.50 per share in cash, representing an aggregate enterprise value of approximately $1.1 billion. Per share price represents a 21% premium to the April 22, 2024, closing price.

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Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Spencer Paul

Appraisers Blog

Also it would have been nice to tell me this was going to be written with that statement prominently displayed. It’s far more comfortable being buried in the comment section of a blog only we read.

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Handbag deal challenge contains warning for all serial acquirers

Financial Times M&A

The FTC has defined a specific market of accessible luxury it says will be harmed if the deal goes through

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Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Baggins

Appraisers Blog

The process of appraisal modernization began with the CU system and MISMO, and ends with the total elimination of human appraisers in favor of proprietarily managed software. Ford: Critical analysis of the CU system. Fraudulator 2.0 article. [link] FHFA & OIG report on AI in mortgage lending. [link] Ford: FHFA paper on amc influence on appraisal work quality.

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Ithaca Energy agrees £750mn deal for most of Eni’s UK oil and gasfields

Financial Times M&A

The transaction should turn the London-listed company into one of the North Sea’s largest producers

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Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Spencer Paul

Appraisers Blog

In reply to Bill. Oh I do understand that, but I feel I have to assume they are using all the same data. I get that one does the underwriting and one produces the value, but is illogical to view them as working harmoniously in sink? Would this no complete the closed network system they are hoping for, with one major flaw, the closed network would be prone to error with the lack of new data could it not spiral?

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Understanding Balance Sheet Restructuring: Its Significance and Impact in M&A

Scott Mashuda

Mergers and acquisitions (M&A) are critical events for businesses, presenting opportunities to achieve synergies , enhance resilience, and strengthen their competitive position. Within these activities, balance sheet restructuring is a vital component, allowing companies to reorganize their financial structure to support these goals. By adjusting assets, liabilities, and equity, balance sheet restructuring helps businesses optimize their financial health and strategic alignment during and a

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Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Dave

Appraisers Blog

“THE FORM” is the same all same all with just a different entry protocol. In order to be even close to useful you’d need 4-5 well defined mid C/Q entry choices, BUT, and this is the point – our use of the grid with $ adjustments is nothing more than our saying we can narrow the bracket to reflect a more meaningful range which we then might rank.

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Ithaca Energy Inks £754M Deal For Eni's UK Oil, Gas Sites

Law 360 M&A

Ithaca Energy has agreed to buy a "substantial" portion of the U.K. oil and gas-producing assets of Eni of Italy for approximately £754 million ($937 million) as the independent operator eyes expansion in the North Sea.

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Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Bill

Appraisers Blog

We’ve known this, the question is why are housing groups attacking appraisers and not the GSEs? Because appraisers are a distraction from the GSEs own culpability. It’s right out there in the open, even Fannie admits it in their AVM patents. [link]. “Under the “Tract” mode, the comparable analysis application will look for comparable sales in the Census Tract of the subject property, and all contiguous Census Tracts.

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Ex-Autonomy Tech Exec Doubted 'Bizarre' $6M Deal, Jury Told

Law 360 M&A

Autonomy's ex-chief technology officer testified Tuesday in the California federal fraud trial of former CEO Michael Lynch that he had concerns about Autonomy's "bizarre" 2010 deal to sell $6 million in repackaged hardware, which prosecutors allege was never delivered and was only used to artificially inflate Autonomy's revenues.

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Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by PD

Appraisers Blog

Well girls and boys, it sounds like participants in the appraisal industry are coming together in a “grass roots” movement. This is exciting and promising and I hope the momentum continues. Yes., we are mad as hell and not going to take it any more! Rather than complaining, it sounds as if we are using the tools available to us and their own words and ridiculous policies to our advantage.