Sat.Nov 18, 2023 - Fri.Nov 24, 2023

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Business Valuation: Differing Reasons Will Dictate Methodology

BV Specialists

I hear the phrase “the value is the value” oftentimes when discussing appraisal work with those not familiar with the profession. With machinery and equipment appraisals, the primary differences in value are fairly straightforward. They tend to correlate to the approach you most heavily rely upon and the definition of value that's estimated. Fair Market Value - Installed will drive a considerably higher value than any type of liquidation premise.

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US Public Company Board Diversity in 2023: How Corporate Director Diversity Can Contribute to Board Effectiveness

Harvard Corporate Governance

Posted by Merel Spierings, The Conference Board, on Friday, November 24, 2023 Editor's Note: Merel Spierings is Senior Researcher at The Conference Board ESG Center in New York. This post relates to Corporate Board Practices in the Russell 3000, S&P 500, and S&P MidCap 400: Live Dashboard, a live online dashboard published by The Conference Board and ESG data analytics firm ESGAUGE , in collaboration with Debevoise & Plimpton , the KPMG Board Leadership Center , Russell Reynolds Asso

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Trending Sources

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Music Licensing Giant BMI Sells to Private Equity Firm

NYT M&A

Broadcast Music Inc., one of the major performing rights organizations in the United States, collected $1.57 billion and distributed $1.47 billion for its 2022 fiscal year.

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In digital and AI transformations, start with the problem, not the technology

Mckinsey and Company

For digital and AI transformations to succeed, companies need to understand the problems they want to solve and rewire their organizations for continuous innovation

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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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EXCLUSIVE: Janover Expands Fintech Frontier With Acquisition Of Groundbreaker Technologies, Bolstering SaaS Offerings in Real Estate

Benzinga

Janover Inc (NASDAQ: JNVR ), a B2B fintech marketplace connecting commercial property borrowers and lenders, announced that it has acquired Groundbreaker Technologies, Inc., a profitable Software-as-a-Service (SaaS) platform for commercial property professionals to raise equity capital and manage investors through an easy-to-use fintech portal. Also Read: EXCLUSIVE: Janover's Q3 Shows Strong Sales Growth but Increased Net Loss, Focuses on AI and Strategic Partnerships What Happened?

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Regulatory Spotlight on Private Funds

Harvard Corporate Governance

Posted by Meaghan Kelly, David Blass and Michael Osnato, Simpson Thacher & Bartlett LLP, on Sunday, November 19, 2023 Editor's Note: Meaghan Kelly , David Blass , and Michael Osnato are Partners at Simpson Thacher & Bartlett LLP. This post is based on a Simpson Thacher memorandum by Ms. Kelly, Mr. Blass, Mr. Osnato, Nicholas Goldin , Michael Wolitzer , and Marc Berger.

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Digital logistics: Technology race gathers momentum

Mckinsey and Company

A survey of more than 250 global shippers and logistics providers reveals that technology investments are set to increase, with numerous companies already piloting advanced use cases.

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Bulge Bracket Banks: 2024 Edition

Brian DeChesare

I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. But the events of 2023, including the UBS acquisition of Credit Suisse and the rise of firms like Wells Fargo, Jefferies, and RBC, have shaken up the traditional list. As of 2024, I consider the following to be the list of bulge bracket banks (note that the “potential” category is speculative and could include other, similar firms beyond the

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More Women Take CEO Jobs But Parity Still Decades Away

Harvard Corporate Governance

Posted by Luke Meynell, Russell Reynolds Associates, on Monday, November 20, 2023 Editor's Note: Luke Meynell Co-leads the Board & CEO Advisory Partners in the UK at Russell Reynolds Associates. This post is based on his Russell Reynolds memorandum. Related research from the Program on Corporate Governance includes Politics and Gender in the Executive Suite (discussed on the Forum here ) by Alma Cohen, Moshe Hazan, and David Weiss; Will Nasdaq’s Diversity Rules Harm Investors?

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Private equity resorts to buying back companies after IPO flops

Financial Times M&A

EQT, Cinven and General Atlantic among those involved in take-private deals for businesses floated two years ago

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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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Global economics intelligence executive summary, October 2023

Mckinsey and Company

The global outlook is unchanged despite weaker readings in trade, consumer confidence, and business activity. Still-elevated inflation and interest rates are acting as headwinds to economic growth.

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What's Going On With Broadcom And VMware Shares Today?

Benzinga

The merger between U.S. chipmaker Broadcom Inc (NASDAQ: AVGO ) and cloud software company VMware, Inc (NYSE: VMW ) won every regulatory approval required to close the merger deal. The stocks traded lower after China's State Administration of Market Regulation approved the deal. The companies look. Full story available on Benzinga.

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Criminal Subsidiaries

Harvard Corporate Governance

Posted by Andrew K. Jennings (Emory University), on Wednesday, November 22, 2023 Editor's Note: Andrew K. Jennings is an Associate Professor of Law at Emory University. This post is based on his recent article forthcoming in the Fordham Law Review. Normal 0 false false false EN-US ZH-CN AR-SA Each year, Department of Justice (DOJ) components resolve a handful of corporate criminal cases with subsidiary-only conviction (SOC) settlements.

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US Chamber Backs Live Nation Arbitration Appeal To 9th Circ.

Law 360 M&A

The U.S. Chamber of Commerce told the Ninth Circuit it supports Live Nation Entertainment Inc. and Ticketmaster LLC in their appeal of a court order refusing to send proposed class action claims against them to arbitration, saying the flawed ruling threatens arbitration benefits for businesses and customers alike.

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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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Gen AI: A guide for CFOs

Mckinsey and Company

How should CFOs approach generative AI—enterprise-wide and in the finance function—and what can they do right now to rapidly climb the learning curve?

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Improving Back-Office Efficiencies to Ensure Project Success

LaPorte

Project successes are never guaranteed. Even when everything goes right during construction, your company could be subject to losses after the job closes. Fortunately, there… The post Improving Back-Office Efficiencies to Ensure Project Success first appeared on LaPorte.

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2023 CPA-Zicklin Index Shows Strong Increase in Number of Trendsetter, Top-Scoring Companies

Harvard Corporate Governance

Posted by Dan Carroll and Bruce Freed, Center for Political Accountability, on Tuesday, November 21, 2023 Editor's Note: Dan Carroll is a Vice President, and Bruce F. Freed is a President and Co-founder at the Center for Political Accountability. This post is based on their CPA memorandum. Related research from the Program on Corporate Governance includes The Untenable Case for Keeping Investors in the Dark (discussed on the Forum here ) by Lucian Bebchuk, Robert J.

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The “Missing Ingredient” for ESOP-Owned Companies: Part 2

Butcher Joseph & Co.

Keith Butcher discusses the interplay between Private Equity and ESOPs, including what opportunities private equity firms see in ESOP investments, ret. The post The “Missing Ingredient” for ESOP-Owned Companies: Part 2 appeared first on ButcherJoseph & Co.

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How artificial intelligence can power clinical development

Mckinsey and Company

Artificial intelligence is accelerating drug discovery. If clinical development fails to keep pace, the benefits to patients will be delayed.

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4 Key Insights From An Employee Benefit Plan Auditor

Gross Mendelsohn

With employee benefit plan audit season not too far in the rearview mirror, it’s a good time to reflect on lessons learned. I’m sharing a few insights, from the point of view of an employee benefit plan auditor, for clients who are required to have their plan audited.

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ConEd Is Not Dead In Delaware

Harvard Corporate Governance

Posted by Neil Q. Whoriskey and Scott Golenbock, Milbank LLP, on Thursday, November 23, 2023 Editor's Note: Neil Q. Whoriskey and Scott Golenbock are Partners at Milbank LLP. This post is based on their Milbank memorandum and is part of the Delaware law series ; links to other posts in the series are available here. Related research from the Program on Corporate Governance includes Are M&A Contract Clauses Value Relevant to Target and Bidder Shareholders?

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2023 Year-End Tax Planning for Individuals

Machen McChesney

With rising interest rates, inflation, and continuing market volatility, tax planning is as essential as ever for taxpayers looking to manage cash flow while paying the least amount of taxes possible over time. As we approach year-end, now is the time for individuals, business owners, and family offices to review their 2023 and 2024 tax situations and identify opportunities for reducing, deferring, or accelerating their tax obligations.

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Why is collaboration key to CMO success?

Mckinsey and Company

CMOs are responsible for more than marketing their company’s products or services. They should also forge strong partnerships with their C-suite colleagues to drive growth.

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Net Working Capital in an M&A Transaction

Redpath

The purchase price in an M&A transaction is often thought about as the enterprise value , which is the adjusted EBITDA times a given multiple (that varies across different industries and sectors and is based on growth potential, market share, and competitive landscape); however, there is another important figure that is often forgotten about until the end: net working capital.

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Remarks at the 2023 Democracy Forum

Harvard Corporate Governance

Posted by Barack Obama, Obama Foundation, on Tuesday, November 21, 2023 Editor's Note: Barack Obama served as the 44th President of the United States. This post is based on Mr. Obama’s remarks at the 2023 Democracy Forum. Hello, Chicago! Thank you, Aleena, for that outstanding introduction. I will say that Michelle would be jealous to see that she has a six-month old at home and she doesn’t look tired.

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Frontrunner in Telegraph newspaper takeover bid accuses rivals of hypocrisy

The Guardian M&A

Jeff Zucker of Abu Dhabi-backed Redbird IMI insists editorial independence of titles would be protected The US boss of the Abu Dhabi-backed company that is the frontrunner to acquire the Telegraph has accused rival bidders of hypocrisy and reiterated a pledge to the UK government that he would guarantee the newspaper’s editorial independence. The bid is being fronted by Jeff Zucker, a former chief executive of CNN who now runs RedBird IMI , which is mostly funded by Mansour bin Zayed Al Nahyan,

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What makes a successful CEO?

Mckinsey and Company

The CEO is the person ultimately responsible for the success of a company. Their job is to develop strategy and deploy the resources to deliver on it.

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EV Tax Credit Changes

Machen McChesney

Machen McChesney provides individuals in the new electric vehicle market with the Inflation Reduction Act and why consumers may wait until January to purchase a new vehicle.

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Real World Examples of Circumstances That May Taint a Deal Process

Harvard Corporate Governance

Posted by Jenness E. Parker, Sonia K. Nijjar and Claire K. Atwood, Skadden, Arps, Slate, Meagher & Flom LLP, on Monday, November 20, 2023 Editor's Note: Jenness E. Parker and Sonia K. Nijjar are Partners, and Claire K. Atwood is an Associate at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum. Related research from the Program on Corporate Governance includes Are M&A Contract Clauses Value Relevant to Target and Bidder Shareholders?

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ButcherJoseph & Co. Wins Consumer Staples Deal of the Year Award

Butcher Joseph & Co.

ButcherJoseph & Co. Consumer Staples Deal of the Year Award for the Sale of Brewing-Science Institute to Its Employees. The post ButcherJoseph & Co. Wins Consumer Staples Deal of the Year Award appeared first on ButcherJoseph & Co.

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The McKinsey Crossword: 5G | No. 155

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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Comment on Leaving the Appraisal Profession by Raymond

Appraisers Blog

In reply to Terrence Bilodeau. Terrence, back in 2004, I decided to terminate my lender clients to concentrate on seeking non lender clients, such as legal firms, large accounting and property management firms in my market area. My appraisal income took a hit for 3-4 years. But, I re-established my client base. My individual fees have increased and my turn time is seldom a issue.

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Saudi-backed martial arts league challenges UFC with Bellator deal

Financial Times M&A

Acquisition by Professional Fighters League comes as kingdom seeks to bolster its global presence in sports

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Sales drop if you sell something you can’t confidently deliver

JPAbusiness

Imagine you’re a plumber and you received a call at 9am from a residential customer who had blocked sewage pipes and was in desperate need of an expert to come and rectify things. You took the call, quoted the job and committed to have a plumber onsite by 4pm that day. The customer accepted the appointment. 4pm came and went; no plumber appeared at the customer’s home.

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