Remove Dividends Remove Document Remove Market Capitalization
article thumbnail

META Lesson 3: Tell me a story!

Musings on Markets

In this post, I want to focus on that point, starting with a discussion of why stories matter to investors and traders and the story that propelled the company to a trillion-dollar market capitalization not that long ago. billion in revenues in 2021.

article thumbnail

No Marketability Discounts or Discounts for Illiquidity for Controlling Interests of Companies

Chris Mercer

The definition of fair market value, the standard of value employed in most appraisals, calls for a hypothetical transaction to occur on the valuation date. All marketing, due diligence and documentation has occurred before or on the valuation date and a hypothetical transaction occurs on the valuation date.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Corporate Tax Burden: Facts and Fiction

Musings on Markets

In a predictable consequence, US multinationals chose to leave their foreign income outside the US, creating the phenomenon of trapped cash, i.e., income held in foreign locales to avoid taxes, but also trapped because that income could not be used to pay dividends, buy back stock or invest in projects in the United States.

article thumbnail

Breaking up Big Tech: Cui Bono?

Musings on Markets

In its most recent update to requirements on pre-merger notifications, the DOJ expanded its information disclosure requirements to include transaction-related documents from deal teams and more complete information about both the products and services offered by the companies, as well as about corporate governance.

article thumbnail

Control, Complexity and Politics: Deconstructing the Adani Affair!

Musings on Markets

Given the historical roots of the biggest Indian family groups, the Adani Group has been a recent entrant, not making the top ten list (in terms of either operating metrics like revenues or market-based numbers like market capitalization or enterprise value) as recently as ten years ago, and barely making the top ten list five or six years ago.

Start-ups 100
article thumbnail

2024 Proxy Season Trends: Mid-Season Review

Harvard Corporate Governance

go back) 4 For example, the shareholder’s pre-approval was required before the Board issued stock, declared a dividend, incurred debt, appointed or removed specified officers, entered into a merger, or approved the annual budget. (go go back) 10 In Firefighters’ Pension System of the City of Kansas City, Missouri Trust v.

Dividends 140
article thumbnail

The Sugar Daddy Effect? Assessing Corporate venture capital, Sovereign funds and Green Energy!

Musings on Markets

Over its lifetime, Google Ventures has picked some big winners, including iUber, Airbnb and Slack, all of which are now public companies with substantial market capitalization. In contrast, just one fossil fuel company, Exxon Mobil alone had a market capitalization of $532 billion, and revenues of $479 billion.