Sat.Dec 16, 2023 - Fri.Dec 22, 2023

article thumbnail

Evolving Notions of Board Effectiveness

Harvard Corporate Governance

Posted by Richard Alsop, Shearman & Sterling LLP, on Tuesday, December 19, 2023 Editor's Note: Richard Alsop is a Partner at Shearman & Sterling LLP. This post is based on his Shearman memorandum. BOARD EFFECTIVENESS – TRADITIONAL APPROACHES Maximizing board effectiveness has been an ongoing and somewhat elusive corporate governance objective for U.S. corporate boards, executives and stockholders.

207
207
article thumbnail

The impact of generative AI on Black communities

Mckinsey and Company

Generative AI has the potential to widen the racial economic gap in the United States by $43 billion each year. But deployed thoughtfully, it could actually remove barriers to Black economic mobility.

145
145
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Warner Bros. Discovery in Talks to Merge With Paramount

NYT M&A

The talks, which are said to be in the early stages, add Warner Bros. Discovery to the list of companies pursuing a possible deal with Paramount.

article thumbnail

The Top Internal Audit Articles of 2023

Internal Audit 360

T here’s a palpable concern for the future among internal auditors. I wouldn’t quite call it anxiety, but there’s certainly some underlying angst about how the next few years will play out for internal auditors. There’s consternation, for sure, over how things like artificial intelligence, increasing digitalization, the data of everything, climate change, political uncertainly, and geopolitical tension will impact the business world as a whole and internal auditing in par

Start-ups 116
article thumbnail

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.

article thumbnail

CEO Succession and The Walt Disney Company

Harvard Corporate Governance

Posted by David F. Larcker and Brian Tayan (Stanford University), on Friday, December 22, 2023 Editor's Note: David F. Larcker is the James Irvin Miller Professor of Accounting, Emeritus; and Brian Tayan is a researcher with the Corporate Governance Research Initiative at Stanford Graduate School of Business. This post is based on their recent paper.

300
300
article thumbnail

Five big shifts shaping a new world for corporate and investment banks

Mckinsey and Company

Macroeconomic, technological, regulatory, market structure, and product changes mean corporate and investment banks must take new approaches to tackling the opportunities and challenges ahead.

Banking 143

More Trending

article thumbnail

Streaming Mega Merger? Warner Bros, Paramount CEOs Met On A Potential Deal Tuesday - Axios

Benzinga

David Zaslav , CEO of Warner Bros. Discovery, Inc. (NASDAQ: WBD ), and Bob Bakish , CEO of Paramount Global , met on Tuesday and spoke for several hours about a potential merger. Here's what you need to know. The Details: According to an Axios , the meeting focused on areas such as how the companies could complement one another. Warner Bros. Discovery's ability to leverage Paramount's children's programming assets and the combination of CBS News and CNN into a massive global news

110
110
article thumbnail

Does Paying Passive Managers to Engage Improve ESG Performance?

Harvard Corporate Governance

Posted by Marco Becht (Université libre de Bruxelles) and Kazunori Suzuki (Waseda University), on Monday, December 18, 2023 Editor's Note: Marco Becht is Professor of Finance at the Solvay Brussels School of Economics and Management (ULB), and Kazunori Suzuki is a Professor at Finance at Waseda University. This post is based on a recent paper by Mr.

Finance 214
article thumbnail

Global Economics Intelligence executive summary, November 2023

Mckinsey and Company

Elevated interest rates weigh on consumer confidence; central banks hold rates, except in Brazil (down) and Russia (up); inflation subsiding for now and is negative in China; growth subdued in Europe.

Banking 139
article thumbnail

Monsanto Should Pay $857 Million in P.C.B. Case, Jury Finds

NYT M&A

Students and parent volunteers from a school in Washington State said in a lawsuit that they had become sick after being exposed to chemicals known as P.C.B.s. that had dripped from light fixtures.

article thumbnail

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

article thumbnail

Cisco's Cybersecurity Coup: Plans To Buy Cloud-Native Networking And Security Startup Isovalent

Benzinga

Cisco Systems, Inc. (NASDAQ: CSCO ) on Thursday said it plans to acquire privately held Isovalent, Inc., an open source cloud native networking and security company. Together, Cisco and Isovalent will build leading-edge protection for every workload on every cloud. The acquisition of Isovalent will build on the Cisco Security Cloud vision, an AI-driven, cloud-delivered, integrated security platform for organizations of any shape and size.

Equity 105
article thumbnail

Preparing for Year Two of Pay versus Performance Disclosures

Harvard Corporate Governance

Posted by Mike Kesner, Ed Sim, and Ben Stradley, Pay Governance, on Tuesday, December 19, 2023 Editor's Note: Mike Kesner is a Partner, Ed Sim is a Consultant, and Ben Stradley is a Managing Partner at Pay Governance. This post is based on their recent article. Related research from the Program on Corporate Governance includes Executive Compensation as an Agency Problem , Pay without Performance: The Unfulfilled Promise of Executive Compensation , and Paying for long-term performance (discussed

article thumbnail

New-business building: Six cybersecurity and digital beliefs that can create risk

Mckinsey and Company

In the race to build new businesses, decision makers often overlook risk management and cybersecurity. We have identified six misconceptions that executives often bring to the table.

121
121
article thumbnail

How to Get an Investment Banking Internship

Brian DeChesare

If you want to know how to get an investment banking internship, it’s simple: Start very, very early and have a great “Plan B” if something goes wrong. The IB internship recruiting timeline is now so insane that even mainstream news sources like the Wall Street Journal are writing about it (“ The Race Is On to Hire Interns for 2025. Really.”). And yes, you read the news correctly: Banks like RBC, DB, Houlihan Lokey, Rothschild, and Guggenheim opened 2025 summer internship applications in calenda

Banking 102
article thumbnail

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.

article thumbnail

SoftBank-Backed Improbable Sells Off Metaverse Gaming Arm For $97M To Keywords Studios

Benzinga

In a significant move in the gaming industry, Improbable , a British metaverse company, has divested its gaming division, The Multiplayer Group (MPG) , to the Ireland-based video game developer, Keywords Studios for $97 million. The deal was sealed on Sunday as reported by CNBC. Keywords Studios, a video gaming giant with more than 70 studios across the globe, has been on an aggressive acquisition spree.

105
105
article thumbnail

The Carrot and the Stick: Bank Bailouts and the Disciplining Role of Board Appointments

Harvard Corporate Governance

Posted by Vincenzo Pezone (Tilburg University), on Thursday, December 21, 2023 Editor's Note: Vincenzo Pezone is an Associate Professor of Finance at Tilburg University. This post is based on a recent paper by Professor Pezone, Christian Mücke , Loriana Pelizzon , and Anjan V. Thakor. Normal 0 false false false false EN-GB X-NONE X-NONE Despite the well-publicized negative effect of bailouts on ex ante incentives, it is often practically infeasible for governments to avoid bailing out failing ba

Banking 183
article thumbnail

How airline CIOs can turn IT from a cost center to a profit center

Mckinsey and Company

Airlines could generate significant EBITDA value by rethinking the role of IT and transforming the function from a cost center to one that drives operational and commercial performance.

EBITDA 116
article thumbnail

Empowering entrepreneurs: top takeaways from FounderMetrics

Vested

FounderMetrics podcast series one: the highlights. Dive into business metrics and a lot more besides with Vestd founder Ifty Nasir and special guests.

111
111
article thumbnail

Investor Sues Illumina, Ex-Execs Over Unwound Grail Deal

Law 360 M&A

An Illumina Inc. investor is piggybacking off of Carl Icahn's suit against the company, alleging in a proposed class action this week that Illumina insiders profited from the company's ill-fated acquisition of cancer test-maker Grail Inc. and then lied about it to investors.

98
article thumbnail

Recent Developments for Directors

Harvard Corporate Governance

Posted by Julia Thompson, Keith Halverstam, and Jenna Cooper, Latham & Watkins LLP, on Wednesday, December 20, 2023 Editor's Note: Julia Thompson , Keith Halverstam , and Jenna Cooper are Partners at Latham & Watkins LLP. This post is based on a Latham & Watkins memorandum by Ms. Thompson, Mr. Halverstam, Ms. Cooper, Charles Ruck , Ryan Maierson , and Joel Trotter.

136
136
article thumbnail

How digital healthcare in Turkey could improve efficiency and outcomes

Mckinsey and Company

Building on its existing digital health foundation, Türkiye could encourage growth of a thriving digital health sector, improving health system efficiency and care outcomes for millions of patients.

115
115
article thumbnail

O'Reilly Automotive Forays Into Canadian Market, Acquires Automotive Distributor Groupe Del Vasto

Benzinga

O'Reilly Automotive, Inc (NASDAQ: ORLY ) said it has entered into a definitive stock purchase agreement with the shareholders of automotive parts distributor and marketer Groupe Del Vasto , headquartered in Montreal, Quebec, Canada. O'Reilly will acquire all of the outstanding shares of Groupe Del Vasto and. Full story available on Benzinga.

article thumbnail

Vericity Investor Sues In Del. For Books On $170M Buyout

Law 360 M&A

A shareholder of Vericity Inc. sued the life insurance company on Thursday in Delaware's Court of Chancery, seeking records related to its pending $170 million all-cash sale to a subsidiary of Canada's iA Financial Group, and alleging the merger process and deal price are unfair.

98
article thumbnail

Securities and Derivative Litigation: Quarterly Update

Harvard Corporate Governance

Posted by Joni Jacobsen, Stuart Steinberg, and Melanie MacKay, Dechert LLP, on Saturday, December 16, 2023 Editor's Note: Joni Jacobsen , Stuart Steinberg , and Melanie MacKay are Partners at Dechert LLP. This post is based on a Dechert memorandum by Ms. Jacobsen, Mr. Steinberg, Ms. MacKay, Vince Montoya-Armanios , and Vishan J. Patel. With just one quarter remaining in 2023, securities and derivative litigation continues to develop with new standards being articulated or clarified, particularly

136
136
article thumbnail

Where to play in CPG: A multi-lens approach to beat the market

Mckinsey and Company

Machine learning can help Latin American consumer packaged goods players better understand consumers, categories, competitors, and capabilities—and increase the odds of outperformance year after year.

article thumbnail

Galaxy Digital Considers Buying More Assets From Distressed Or Bankrupt Companies

Benzinga

Galaxy Digital , a cryptocurrency group led by U.S. billionaire Mike Novogratz , is actively seeking to acquire more assets from bankrupt digital asset companies. This strategy follows their successful deal involving the sale of coins held by the failed crypto exchange FTX (CRYPTO: FTT ), which significantly increased their funds under management. In August, Galaxy was appointed by FTX's administrators to manage the sale, hedging, and staking of FTX's Bitcoin (CRYPTO: BTC ) and Ether (CR

article thumbnail

College NIL Fight, MLB Settlement Highlight 2023's 2nd Half

Law 360 M&A

The second half of 2023 saw yearslong issues boil over with some shocking revelations along the way, from college athletes winning class certification in a fight for the right to profit off their names, images and likenesses to MLB putting to rest its antitrust legal battle with its minor league, for now. Here, Law360 brings you up to speed on some of the most significant sports and betting moments from this year's second half.

98
article thumbnail

A Review of the 2023 Proxy Season: An E&S Backlash?

Harvard Corporate Governance

Posted by Lara Aryani and William Kim, Shearman & Sterling LLP, on Thursday, December 21, 2023 Editor's Note: Lara Aryani is a Partner and William Kim is an Associate at Shearman & Sterling LLP. This post is based on their Shearman memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

article thumbnail

The art and science of reducing retail shrink

Mckinsey and Company

For retailers, battling shrink requires a data-informed, collaborative, store-by-store approach. The payoff: higher profits and better customer experience.

119
119
article thumbnail

Valuations for Divorce Purposes-Avoid Getting in the Middle

BV Specialists

As certified, professional business appraisers, we engage with quite a few clients and their attorneys who are going through a marriage dissolution/divorce and need to value a business owned by one or by both parties involved. The workflow process should not be much unlike any other type of valuation; however, the potential “drama” that often occurs during divorce proceedings can sometimes bleed into the ongoing communication.

article thumbnail

Nippon Wins US Steel Bidding Battle With $14.9B Deal

Law 360 M&A

Milbank and Wachtell-advised U.S. Steel on Monday agreed to be sold to Japan's Nippon Steel Corp., represented by Ropes & Gray, in a $14.9 billion deal that ends a monthslong battle in which multiple suitors sought to buy U.S. Steel.

98
article thumbnail

Why We Still Need the SEC’s Climate-Related Disclosures Rule

Harvard Corporate Governance

Posted by Erin Shortell (New York University), on Wednesday, December 20, 2023 Editor's Note: Erin Shortell is a Legal Fellow at the Institute for Policy Integrity at New York University School of Law. This blog post is based on a recent Institute for Policy Integrity report by Ms. Shortell, Donald L. R. Goodson, Jack Lienke, Sophia Dilworth, and Isabel Keene.

124
124
article thumbnail

The McKinsey Crossword: Names Names | No. 159

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.

109
109
article thumbnail

How Too Much Trust Can Erode Internal Controls

Gross Mendelsohn

There’s a fine line regarding trust in a workplace environment. Too little trust in employees can diminish effective communication, increase conflict and decrease loyalty. But on the flip side, too much trust could create an opportunity for a key employee to defraud your organization, no matter what internal controls you have in place. Let’s look at how trust impacts the effectiveness of internal controls and different ways you can protect your organization, including a real-life case study.

95