Harvard Corporate Governance

JULY 31, 2022

Posted by Todd Sirras, Austin Vanbastelaer, and Justin Beck, Semler Brossy, on Sunday, July 31, 2022 Editor's Note: Todd Sirras is a Managing Director; Austin Vanbastelaer is a Senior Consultant and Justin Beck is a Consultant at Semler Brossy. This post is based on a Semler Brossy memorandum by Mr. Sirras, Mr. Vanbastelaer, Mr. Beck, Alexandria Agee, Sarah Hartman, and Kyle McCarthy.

Total Shareholder Return 255

Total Shareholder Return 255

Chris Curtain

AUGUST 5, 2022

Certified Business Appraisal for SBA Loans When does the SBA Require a Business Valuation? Small businesses are the backbone of the United States economy. They bring jobs, opportunities, and innovation to communities and neighborhoods across the country. The U.S. Small Business Administration (SBA) recognizes the role that these enterprises play in stimulating economic activity and, […].

Business Valuation 130

Business Valuation Appraisal 130

Mckinsey and Company

AUGUST 4, 2022

Leadership is a set of mindsets and behaviors used to engage and enable people to align on a collective direction, and work together to accomplish shared goals while adjusting to changing environments.

123

123

Benzinga

AUGUST 5, 2022

The company most known for its Roomba robot vacuum, iRobot Corporation (NASDAQ: IRBT ), will be acquired by Amazon.com, Inc (NASDAQ: AMZN ) for $1.7 billion as the largest e-commerce corporation in the world expands its selection of personal and home electronics items. Amazon announced that it will pay iRobot stockholders $61 per share in an all-cash transaction that includes iRobot's net debt, representing a 22% premium over the company's Thursday closing price.

Net Debt 98

Net Debt 98

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

AUGUST 5, 2022

Posted by Mike Kesner and John Ellerman, Pay Governance LLC, on Friday, August 5, 2022 Editor's Note: Mike Kesner and John Ellerman are partners at Pay Governance LLC. This post is based on their Pay Governance memorandum. Related research from the Program on Corporate Governance includes Rationalizing the Dodd-Frank Clawback (discussed on the Forum here ) by Jesse Fried.

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250

Chris Curtain

AUGUST 3, 2022

Certified Business Valuation for IRS Purposes All businesses eventually require a business appraisal to determine their current economic value. Often, such valuations are conducted at the onset of a financing or tax event within the business lifecycle. The IRS has specific business valuation guidelines for taxing purposes. A business valuation reflects the current economic worth […].

Business Valuation 130

Business Valuation Appraisal Finance 130

LaPorte

AUGUST 5, 2022

In June, the IRS began piloting a new compliance program for benefit plan sponsors. This program gives benefit plans 90-days’ notice of an upcoming examination,… The post 90-Day Pre-Exam Compliance Program for Retirement Plans first appeared on LaPorte.

Compliance 98

Compliance 98

Harvard Corporate Governance

AUGUST 2, 2022

Posted by Gail Weinstein, Steven J. Steinman, and Brian T. Mangino, Fried, Frank, Harris, Shriver & Jacobson LLP, on Tuesday, August 2, 2022 Editor's Note: Gail Weinstein is Senior Counsel, and Steven J. Steinman and Brian T. Mangino are Partners at Fried, Frank, Harris, Shriver & Jacobson LLP. This post is based on a Fried Frank memorandum by Ms.

Appraisal 249

Appraisal 249

Benzinga

AUGUST 3, 2022

Robinhood Markets, Inc (NASDAQ: HOOD ) CEO Vlad Tenev says he loves the trading platform as a “standalone” company. What Happened: Tenev made his comments on a second-quarter earnings call on Wednesday. He was asked if there was any word on being acquired by Sam Bankman-Fried 's FTX or Charles Schwab Corporation (NYSE: SCHW ). “I love us as a standalone company.

Marketability 98

Marketability 98

Mckinsey and Company

AUGUST 2, 2022

People’s professional networks have shrunk since the onset of the COVID-19 pandemic, while companies’ attrition and hiring challenges are growing. To help reverse these trends, people and organizations will need to manage workplace interactions more intentionally. Here’s how.

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110

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

Law 360 M&A

AUGUST 4, 2022

Lazer Capital may have set out to be the middleman between two pot companies, but any evidence they owe Lazer anything after joining forces on their own a year later is hazy at best, a Pennsylvania federal judge wrote in a pun-laden opinion that sent the suit up in smoke.

98

98

Harvard Corporate Governance

AUGUST 1, 2022

Posted by Paul Grewal, Faryar Shirzad, and Thaya Knight, Coinbase, on Monday, August 1, 2022 Editor's Note: Paul Grewal is Chief Legal Officer, Faryar Shirzad is Chief Policy Officer, and Thaya Knight is Senior Public Policy Manager at Coinbase. This post is based on a petition for rulemaking submitted by Coinbase to the SEC regarding Digital Asset Securities Regulation.

Marketability 239

Marketability Compliance Technology 239

Benzinga

AUGUST 3, 2022

A researcher and provider of ketamine-assisted treatments for mental health conditions, Braxia Scientific Corp. (OTC: BRAXF ) has completed the acquisition of the issued and outstanding stock of U.S.-based, private telemedicine company KetaMD Inc. , with the goal of addressing mental health issues by providing access to technology-mediated ketamine treatments.

Marketability 98

Marketability Technology 98

Mckinsey and Company

AUGUST 1, 2022

Traditionally staid and stable, infrastructure investing has been shaken up by revolutions in energy, mobility, and digitization. Here’s how investors can stay ahead of the curve.

Equity 107

Equity 107

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

Mogin Rubin M&A

AUGUST 3, 2022

AbbVie Inc., which owns the patent on the global blockbuster drug, Humira, has again defeated a pair of claims by welfare-health plans that the company violated Sections 1 and 2 of the Sherman Antitrust Act. On Aug. 1 the Seventh Circuit U.S. Court of Appeals affirmed a district court’s dismissal of the antitrust suit against the drug maker ( Mayor and City Council of Baltimore, et al. v.

98

98

Harvard Corporate Governance

AUGUST 1, 2022

Posted by Mary Galligan and Carey Oven, Deloitte LLP, on Monday, August 1, 2022 Editor's Note: Mary Galligan is a Managing Director and Carey Oven is national managing partner at the Center for Board Effectiveness and chief talent officer at Deloitte LLP. This post is based on their Deloitte memorandum. Escalating risk, regulatory focus can drive board oversight of governance.

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225

Benzinga

AUGUST 4, 2022

Blockchain-based digital payments service provider PayStand has acquired Mexico-based financial automation technology startup, Yaydoo. The financial terms were not disclosed. The deal will facilitate and enhance a blockchain platform focused on cash flow management. Full story available on Benzinga.com.

Technology 98

Technology 98

Mckinsey and Company

AUGUST 5, 2022

The American Opportunity Survey spotlights Americans’ views on the state of the economy and other trends. What did researchers find about how people think things are going and what the future holds?

105

105

Law 360 M&A

AUGUST 4, 2022

Twitter ripped Elon Musk's "story" that he "imagined" in an attempt to escape his $44 billion take-private deal Thursday, telling the Delaware Chancery Court that it has already provided the billionaire with its data on spam accounts, which it says makes up less than 5% of users.

98

98

Harvard Corporate Governance

AUGUST 3, 2022

Posted by Ani Huang, and Richard Floersch, HR Policy Association, on Wednesday, August 3, 2022 Editor's Note: Ani Huang is President and CEO; and Richard R. Floersch is Senior Strategic Advisor at the HR Policy Association. This post is based on their HR Policy Association memorandum. The scope of the Compensation Committee continues to expand, especially in the areas of human capital management, talent strategy, and diversity, equity & inclusion (DEI).

Equity 208

Equity 208

Benzinga

AUGUST 2, 2022

A new subpoena from Twitter Inc (NYSE: TWTR ) is requesting information from friends of Elon Musk in the battle between the social media platform and Tesla Inc (NASDAQ: TSLA ) over a proposed $44 billion buyout. Here’s the latest. What Happened: A subpoena obtained by The Washington Post sees Twitter targeting several investors connected to Musk.

Finance 98

Finance Banking 98

Mckinsey and Company

AUGUST 1, 2022

A new report sheds light on passenger rail’s recovery from the COVID-19 pandemic, and how rail could position itself as one of the preferred choices of transportation for the future.

103

103

Law 360 M&A

AUGUST 2, 2022

Author Stephen King told a D.C. federal court on Tuesday that it's become tougher for writers to make a living from writing, testifying for the government in its bid to block Penguin Random House's planned acquisition of Simon & Schuster.

98

98

Harvard Corporate Governance

AUGUST 1, 2022

Posted by Charles Korsmo (Case Western Reserve University) and Minor Myers (University of Connecticut), on Monday, August 1, 2022 Editor's Note: Charles Korsmo is Professor of Law at Case Western Reserve University School of Law and Minor Myers is Professor of Law at the University of Connecticut School of Law. This post is based on their recent paper , forthcoming in the Journal of Corporation Law, and is part of the Delaware law series ; links to other posts in the series are available here.

Appraisal 220

Appraisal Capital Structure 220

Benzinga

AUGUST 5, 2022

The mudslinging seems to go on endlessly in the Twitter, Inc. (NYSE: TWTR )- Elon Musk saga. The latest episode has seen the social media platform filing a 127-page response to the Tesla, Inc. (NASDAQ: TSLA ) CEO’s countersuit. What Happened: Twitter’s Chairman Bret Taylor shared the document on the namesake platform late Thursday and said Musk’s claims are “factually inaccurate, legally insufficient, and commercially irrelevant.

98

98

Mckinsey and Company

AUGUST 4, 2022

By building certain functional and leadership skills, pharma companies can not only improve the odds of a successful launch but also strengthen their organizations for the future.

101

101

Sun Acquisitions

AUGUST 2, 2022

Sun Acquisitions is pleased to announce the closing of three Buy-Side campaigns in the last two months including an industrial pumps distributor, specialty electronics distributor, and a waste management firm. Sun Acquisitions’ clients were both private and publicly held companies which acquired domestic and international targets. Larry Sanderman, Managing Director, led all these Buy-Side campaigns which produced numerous leads for our clients.

Marketability 98

Marketability 98

Harvard Corporate Governance

AUGUST 2, 2022

Posted by Robert Eccles (Oxford University) and Kazbi Soonawalla (Oxford University), on Tuesday, August 2, 2022 Editor's Note: Robert G. Eccles is Visiting Professor of Management Practice and Kazbi Soonawalla is a Senior Research Fellow in Accounting at Oxford University Said Business School. This post is based on the third part of a three-part series on financial reporting by Professor Eccles and Dr.

Banking 219

Banking 219

Benzinga

AUGUST 1, 2022

Fortune Brands Home & Security Inc (NYSE: FBHS ) has acquired Aqualisa Holdings (International) Ltd., a manufacturer of shower products, for ~$160 million. Founded in 1976, Aqualisa is headquartered in Westerham, U.K., with ~260 associates. FBHS noted the purchase. Full story available on Benzinga.com.

98

98

Mckinsey and Company

AUGUST 3, 2022

Deutsche Post DHL’s head of sustainability for German Post and Parcel discusses how the logistics industry can work to decarbonize road transportation and meet consumer expectations.

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102

Law 360 M&A

AUGUST 1, 2022

Twitter Inc. fired a subpoena broadside over the weekend in its Delaware Chancery Court attempt to force Elon Musk to close a $44 billion purchase of the social media giant, with 17 demands aimed at some of the world's largest banks and investment firms.

Banking 98

Banking 98

Harvard Corporate Governance

AUGUST 4, 2022

Posted by Elizabeth Demers (University of Waterloo), Victor Xiaoqi Wang (California State University), and Kean Wu (Rochester Institute of Technology), on Thursday, August 4, 2022 Editor's Note: Elizabeth Demers is Professor of Accounting at the University of Waterloo School of Accounting & Finance; Victor Xiaoqi Wang is Assistant Professor of Accountancy at California State University Long Beach; and Kean Wu is Associate Professor of Accounting at the Rochester Institute of Technology Saund

Technology 214

Technology Finance 214

Benzinga

AUGUST 1, 2022

Global Payments Inc (NYSE: GPN ) reported second-quarter FY22 adjusted net revenue growth of 6% year-on-year to $2.06 billion, missing the consensus of $2.07 billion. The adjusted operating margin expanded 200 basis points to 43.8%. Adjusted EPS of $2.36 beat the consensus of $2.35. Global Payments held $1.93 billion in cash and equivalents. Dividend: The board approved a dividend of $0.25 per share, payable September 30, 2022, to shareholders of record on September 16, 2022.

Dividends 98

Dividends 98

Mckinsey and Company

AUGUST 2, 2022

To help improve COVID-19 vaccination rates across Africa, stakeholders may consider improving research efforts to gain a better understanding of barriers and drivers behind population vaccine uptake.

101

101