Fri.Nov 03, 2023

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Understanding the Corporate Transparency Act’s Company Reporting Obligations

Harvard Corporate Governance

Posted by Nathan Barnett, Daniel Bell, and Sebastian Orozco Segrera, McDermott Will & Emery LLP, on Friday, November 3, 2023 Editor's Note: Nathan Barnett and Daniel J. Bell are Partners and Sebastian Orozco Segrera is an Associate at McDermott Will & Emery LLP. This post is based on their McDermott memorandum. Beginning January 1, 2024, the US Corporate Transparency Act (CTA) will require “reporting companies” to submit a report to the Financial Crimes Enforcement Network (FinCEN) conta

Treasury 226
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The Value of X

Value Scope

The Value of X X, formerly Twitter, is now valued at $19 billion, according to the company’s employee equity compensation plan. This is a significant drop from the $44 billion that Elon Musk paid to acquire the company in October 2022. Several factors may have contributed to the valuation drop. The overall economic slowdown: The tech sector has been particularly hard hit by the recent economic downturn, and X is no exception.

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Weekly Roundup: October 27-November 2, 2023

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, November 3, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of October 27-November 2, 2023 Implementation of Share Buybacks and Their Impact on Corporate Governance Posted by Michael Seigne (Candor Partners Limited), and Joerg R.

Dividends 184
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Seeing around corners: How to excel as a chief of staff

Mckinsey and Company

A chief of staff can be instrumental to a CEO’s success while also advancing their own career. Here are eight pieces of advice from those who have mastered the role.

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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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Comment on Leaving the Appraisal Profession by Kevin Caudill

Appraisers Blog

In reply to Dennis Mcmillen. Agree completely. Looking for a new vocation. A few years ago I had calculated I could retire at 65. Thanks to reduced fees and low volume of work I’ll retire 2 days after my funeral. But, it won’t be as an appraiser.

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Reframing employee health: Moving beyond burnout to holistic health

Mckinsey and Company

A new McKinsey Health Institute survey across 30 countries offers insights into how organizations can help create a workplace that prioritizes physical, mental, social, and spiritual health.

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Innovative growers: A view from the top

Mckinsey and Company

McKinsey research shows that a focus on aspiration, activation, and execution can help companies out-innovate and outgrow peers.

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How to Create a Raise Policy

Machen McChesney

In most cases, employees anticipate receiving a raise after working a certain amount of time at your firm — usually six months to a year. Top performers who consistently exceed expectations expect to be paid a salary that reflects their hard work and level of responsibility. You look to offer competitive compensation to retain your best workers.

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A McKinsey Africa podcast with Ashraf Sabry, founder and CEO of Fawry

Mckinsey and Company

Africa’s fintech start-ups are leveraging mobile technology and innovative platforms to transform digital banking. We spoke with Ashraf Sabry, founder and CEO of Fawry, about the sector’s potential.

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Comment on Agent Management Company, a Familiar Ring by Mary Cummins on Facebook

Appraisers Blog

Appraisers had to be regulated by AMCs. Why not agents ? They can all receive a standard customary fee to prove they aren’t biased to the buyer or seller. Currently all agents are biased toward seller who pays the commission based on sales price. The current shakeout could really change things.

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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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The power of partnership: How the CEO–CMO relationship can drive outsize growth

Mckinsey and Company

Amid a challenging macroeconomic environment and rapid change, CEOs are searching for the next engine for growth. The answer may be right in front of them: a redefined and reinvigorated relationship with their CMO.

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Private Equity Bullish On Tech M&A After Values Plummet

Law 360 M&A

A majority of private equity firms surveyed last quarter said there would be an increase in tech-related M&A deal volumes over the next 12 months despite a rough start to the year, showing significantly more optimism than their corporate deal-making counterparts, according to the latest annual report from Morrison Foerster.

Equity 75
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Sustainable feedstocks: Accelerating recarbonization in chemicals

Mckinsey and Company

Reducing greenhouse gases is essential for chemical companies to remain competitive. Investing in feedstock sources and conversion technologies can help close the gap to net zero.

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Shareholder Decries $3.1B Go-Private Deal For Telecom Co.

Law 360 M&A

Consolidated Communications Holdings Inc. shareholder Wildcat Capital Management issued a letter to Consolidated on Friday opposing the Illinois-based telecommunications company's planned $3.1 billion take-private deal with a pair of investment fund managers, claiming that the deal undervalues the company by nearly $1 billion.

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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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How CFOs can adopt a VC mindset: Staircase Ventures’ Janet Bannister

Mckinsey and Company

A high-tech pioneer describes how technology has continually disrupted business, why generative AI is accelerating today’s disruption, and what leaders can do to stay ahead.

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T-Mobile-Sprint Deal Challenge Can Proceed Without SoftBank

Law 360 M&A

An Illinois federal judge won't toss consumers' proposed class action targeting T-Mobile's 2020 merger with Sprint, ruling that they have adequately pled that the merger could have plausibly led to an increase in prices for all wireless customers, but freeing SoftBank from the litigation on improper venue grounds.

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How mobility budgets can change the future of transportation

Mckinsey and Company

A mobility budget is an employee benefit that can help employers attract and retain talent. It’s also an emerging solution to increase sustainable transit use and reduce congestion in urban areas.

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Electronics Chain Currys To Sell Greek, Cypriot Biz For €200M

Law 360 M&A

Currys PLC said Friday that it will sell its retail businesses in Greece and Cyprus for €200 million ($213 million) to Greek power company Public Power Corp. SA to allow the British electronics retailer to concentrate on its core markets.

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Author Talks: Riding the waves of resilience

Mckinsey and Company

The ability to navigate challenges can be deeply rooted in personal experience. Here’s how a decade-long sea voyage taught a McKinsey alumna to go with the flow.

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Preparing workforce for GenAI goes beyond productivity and efficiency

Avanade

Generative AI brings value far beyond productivity and efficiency. It can empower employees to gain new skills, optimize work-life balance and boost collaboration.

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Moving from crisis to reform: Examining the state of counterparty credit risk

Mckinsey and Company

Counterparty-credit-risk management is becoming more challenging and complex, reflecting a disrupted global economic, political, and regulatory environment, together with historically high levels of volatility.

Banking 82
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Comment on Agent Management Company, a Familiar Ring by Dave

Appraisers Blog

I stated years ago that they need to create an AMC or “Attorney Management Company” that would require lawyers to go through the same s**t appraisers have to go through in order to obtain business. Afterall, it was an attorney who suggested lenders use AMC’s. Can you imagine AMC’s sending email blasts to lawyers asking for the cheapest and fastest turn times!

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Disrupting the used-car buying experience in Southeast Asia

Mckinsey and Company

Carro founder and CEO Aaron Tan details how to put geographic expansion and tech-enabled operations at the heart of company strategy.

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Comment on Agent Management Company, a Familiar Ring by John Hamilton

Appraisers Blog

Personally I am in favor of abolishing appraisal licensing altogether, the process has long abandoned the original intent and has now been hijacked by third-party entities to become nothing more than their money making playpen, these third-party entities could not care less about the integrity of the appraisal profession, despite their high claims otherwise.

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From India to the world: Unleashing the potential of India’s tourists

Mckinsey and Company

The world could see a wave of Indian travelers in the coming decade—nine charts reveal key trends and case studies of how destinations can attract and delight these Indian travelers.

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Davie Completes Purchase Of The Assets Of Helsinki Shipyard

Benzinga

LEVIS, Québec, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Davie today announced it has finalized the acquisition of the assets of Finland's Helsinki Shipyard Oy (HSO). The historic transaction combines the skills, experience and capabilities of two leaders in Arctic shipbuilding and other high-value products. While the Canadian and Finnish shipyard will be separate legal and operating entities, the business headquarters will remain in Québec.

Finance 59
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Three essentials of successful corporate venture capital

Mckinsey and Company

Investing in start-ups can help you tap external innovation, as long as you avoid the pitfalls.

Start-ups 108
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Davie Completes Purchase of the Assets of Helsinki Shipyard

Benzinga

LEVIS, Québec, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Davie today announced it has finalized the acquisition of the assets of Finland's Helsinki Shipyard Oy (HSO). The historic transaction combines the skills, experience and capabilities of two leaders in Arctic shipbuilding and other high-value products. While the Canadian and Finnish shipyard will be separate legal and operating entities, the business headquarters will remain in Québec.

Finance 59
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The Committed Innovator: How Major League Baseball built an innovation machine

Mckinsey and Company

MLB Chief Operations and Strategy Officer Chris Marinak shares how the league is changing the game on and off the field to connect with the next generation of fans.

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Why Are Automobile Components Maker Fox Factory's Shares Tumbling Today?

Benzinga

Fox Factory Holding Corp (NASDAQ: FOXF ) shares are dipping by 20% today after it reported Q3 FY23 results. Net sales declined 19.1% Y/Y to $331.1 million, missing the consensus of $398.3 million owing to a decrease of 58.6% in Specialty Sports Group, partially offset by an increase of 12.4% in Powered Vehicles Group and 8.2% in Aftermarket Applications Group.

Equity 59
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Tech and regionalization bolster supply chains, but complacency looms

Mckinsey and Company

The race for resilience is changing the way global supply chains look and transforming the way they are run.

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Strategies for Integrating Corporate Cultures Post-Merger

Sun Acquisitions

Mergers and acquisitions have become commonplace in today’s global business landscape. However, successfully integrating corporate cultures after a merger remains a complex challenge. Failure to address this issue can lead to employee disengagement, decreased productivity, and even the failure of the merged entity itself. This blog post will explore practical strategies for integrating corporate cultures post-merger, ensuring a smooth transition, and setting the stage for long-term success

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Making the case: How the mid-Atlantic region can become a leading cybersecurity hub

Mckinsey and Company

The mid-Atlantic, comprising Maryland, Virginia, and Washington, DC, has three essential attributes for building a strong cybersecurity ecosystem.

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Comment on Agent Management Company, a Familiar Ring by Mary T Thompson

Appraisers Blog

I am in! Love the idea ? Amen to commissions not being based on Sales Price. With values skyrocketing, the amount of work a Realtor has to do is the same no matter the price, unless you are marketing a multi million dollar property and it cost more to do so… and sometimes it takes longer to close but the actual process of listing, selling and closing is the same.