Tue.Jan 23, 2024

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When Myopic Managers Must Mark to Market

Harvard Corporate Governance

Posted by Adam Kolasinski (Texas A&M University), and Nan Yang (Hong Kong Polytechnic University), on Tuesday, January 23, 2024 Editor's Note: Adam Kolasinski is a Professor of Finance at Texas A&M University, and Nan Yang is an Associate Professor of Finance at the Hong Kong Polytechnic University. This post is based on their working article.

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Boeing’s Problems Started Long Before the Alaska Airlines Mishap

NYT M&A

The aircraft company is paying the price for a shift in its corporate culture made decades ago.

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CSRD Compliance: A Stitch in Time Will Save Nine

Harvard Corporate Governance

Posted by Ben Herskowitz, Alanna Fishman, and Bryan Armstrong, FTI Consulting, on Tuesday, January 23, 2024 Editor's Note: Ben Herskowitz and Bryan Armstrong are Senior Managing Directors, and Alanna Fishman is a Managing Director at FTI Consulting. This post is based on a FTI Consulting memorandum by Mr. Herskowitz, Ms. Fishman, Mr. Armstrong, Michael Davies , Lukas Kay, and Tim Hines.

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Travel Disruptors: Capturing B2B growth

Mckinsey and Company

Expedia Group powers many other companies’ travel interfaces and inventories. Ariane Gorin, president of Expedia for Business, outlines the elements of a great corporate partnership.

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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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6 Practice Pointers For Pro Bono Immigration Practice

Law 360 M&A

An attorney taking on their first pro bono immigration matter may find the law and procedures beguiling, but understanding key deadlines, the significance of individual immigration judges' rules and specialized aspects of the practice can help avoid common missteps, says Steven Malm at Haynes Boone.

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Comment on False Claims of Racism Against Appraiser by Bill Johnson

Appraisers Blog

In reply to Angela. With CA capping property values (accessed / taxed values) at no more than 2% per year from the purchase price, accessed values are worthless in CA. Not unusual to see similar homes on the same street with like property values where one person pays $500 per year (old home), and another pays pays $20,000 per year (new purchase). Seek the truth.

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Comment on False Claims of Racism Against Appraiser by Angela

Appraisers Blog

In reply to Frustrated Appraiser. Many lenders want the tax card included in the report, clearly showing the assessed value, which is factual information. Yet, the tax card also often includes incorrect information regarding the square footage, which we have to defend against, but never against the assessed value.

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Tax-Favored Qualified Small Business Corporation Status Could Help You Thrive

Machen McChesney

Machen McChesney provides small businesses with two strong incentives to operate as a Qualified Small Business Corporation (QSBC).

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The McKinsey Crossword: Double-Talk | No. 164

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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Should Your Business Offer the New Emergency Savings Accounts to Employees?

Machen McChesney

As part of the SECURE 2.0 law, there’s a new benefit option for employees facing emergencies. It’s called a pension-linked emergency savings account (PLESA), and the provision authorizing it became effective for plan years beginning January 1, 2024. The IRS recently released guidance about the accounts (in Notice 2024-22 ), and the U.S. Department of Labor (DOL) published some frequently asked questions to help employers, plan sponsors, participants, and others understand them.

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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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Comment on False Claims of Racism Against Appraiser by Honest Appraiser

Appraisers Blog

It is a story of false claims, and the damaging effects of a homeowner's actions on an appraiser's career, business, and health.

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Where Justices Stand On Chevron Doctrine Post-Argument

Law 360 M&A

Following recent oral argument at the U.S. Supreme Court, at least four justices appear to be in favor of overturning the long-standing Chevron deference, and three justices seem ready to uphold it, which means the ultimate decision may rest on Chief Justice John Roberts' vote, say Wayne D'Angelo and Zachary Lee at Kelley Drye.

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Comment on McKissock Ditches PAREA by Georgia Muskrat on Twitter

Appraisers Blog

Reviewing PAREA licensure details published by AQB and it looks like someone can be fully licensed with only 3 reports written and never having been inside a property. Does anyone else see some potential issues here?

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ISS Discusses Largest Securities-Related Class Action Settlements of 2023

Reynolds Holding

2023 delivered a banner year for investor recoveries, as the $7.9 billion [1] in settlement funds across the globe was the highest total in the last five years. The $5.8 billion [2] specifically secured in securities-related class actions in the U.S. was also up 18% from 2022. In this ISS Insights post, ISS Securities Class Action Services, an industry pioneer and expert in global claims filing, portfolio monitoring, and research solutions, will highlight the largest settlements achieved during

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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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Ownership & Succession Planning in 2024

Auto Dealer Valuation Insights

Who knew the Green Bay Packers could be a source of inspiration for your family business’s succession planning? After winning 5 Super Bowls between 1961 and 1967, the Packers came up short of the big dance 25 years straight. So, in 1992, the Packers traded for the southern Mississippi gun-slinging Brett Favre, who went on to win 3 MVPs and lead the Packers to 1 Super Bowl victory.

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Comment on False Claims of Racism Against Appraiser by DGK

Appraisers Blog

In reply to Mr. Assessor. Mr. Assessor: How is it that USPAP clearly address mass appraisal in Standards 5 & 6, also clearly indicating that mass-appraisal mirrors many of the standards that apply to the rest of us, and then they wish to wash their hands of that relationship when confronted? Just curious why USPAP goes into such detail when “that doesn’t apply to us” claims are almost unchallenged?

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What’s driving the Nordic countries’ software export surge?

Mckinsey and Company

Nordic countries represent just 3 percent of global software demand, yet they have become home to Europe’s fastest-growing software funding hub.

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Comment on False Claims of Racism Against Appraiser by DGK

Appraisers Blog

Frustrated Appraiser: Let me purpose a circumstance that I was deeply involved in a few years back. While I do agree that assessed value by a public entity (assessor) is a rather useless inclusion as a reliable source for an appraisal report, what if the appraisal is a right-of-way dispute assignment for a private property owner disputing an offer of what is required to be “fair and equitable” compensation for the taking of private land for the public good.

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Sculptor Capital Seeks Del. OK For $6.5M Rithm Merger Boost

Law 360 M&A

Sculptor Capital Management Inc. and stockholders have tentatively reached a $6.5 million additional settlement for a Delaware Court of Chancery consolidated class suit challenging the company's nearly $720 million acquisition by Rithm Capital Corp. in November.

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Comment on False Claims of Racism Against Appraiser by Frustrated Appraiser

Appraisers Blog

In reply to Jeffrey. You could not be more incorrect in your assumption. Stating what the assessor has valued/assessed a property at is a piece of factual information, has nothing to do with USPAP. Please, we do not need false info out there.

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AI Biz Fusemachines Going Public Via $200M SPAC Deal

Law 360 M&A

Fusemachines, an artificial intelligence company that offers products for businesses in industries such as retail, healthcare and banking, said on Tuesday it will merge with blank-check company CSLM, taking the combined company public at an equity value of $200 million.

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Arterial Device-Focused Inari Medical Likely Acquisition Target, Shares Are Attractively Valued: Analyst

Benzinga

Needham initiated coverage on Inari Medical Inc (NASDAQ: NARI ), noting it as a leader in the very large and underpenetrated market for venous thrombectomy. Inari Medical projects an annual patient population of 280,000 with pulmonary embolism (PE) in the U.S., equating to a total available market (TAM) of $2.8 billion for its FlowTriever product. Additionally, the company estimates a yearly count of 430,000 patients with deep vein thrombosis (DVT), resulting in a $3.0 billion TAM for its ClotTr

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EU Raises 'Preliminary' Worries Over €325M Lufthansa Deal

Law 360 M&A

European Union antitrust enforcers announced an in-depth probe Tuesday into Lufthansa's plan to buy a 41% stake in ITA Airways at €325 million, unsatisfied with commitments offered to safeguard a deal to give Lufthansa operational control and the possibility to fully buy the successor to former Italian flag carrier Alitalia.

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5 Key M&A Market Readiness Indicators for SaaS Companies

Class VI Partner

Q1 2024 Analysis Last year proved volatile for mergers and acquisitions. A post-pandemic slowdown in deal volumes and the rising cost of debt changed the dynamics for companies headed to market for capital formation transactions and buy-outs.The news is not altogether bleak. Investor interest is holding strong.

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Former Shearman M&A Pro Stephen Volk Dies At 87

Law 360 M&A

Stephen Volk, an accomplished mergers and acquisitions attorney who served as senior partner at Shearman & Sterling LLP for 10 years and later as chairman of Credit Suisse First Boston and vice chair of Citigroup, has died, according to the firm.

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Cooley’s 2023 Life Sciences M&A Year in Review: Potent Mix of Creativity and Resilience Spurs Activity Heading Into 2024

Cooley M&A

In a subdued year for global M&A, deal-making in the life sciences industry came in waves, with a busy fourth quarter generating cautious optimism heading into 2024. While the year saw an overall decline in M&A activity (down 17% from 2022) , total pharmaceuticals and life sciences deal value in 2023 increased by approximately 50% compared to 2022.

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Bitcoin Miner Rhodium Seeks Toss Of Chancery Rollup Suit

Law 360 M&A

Three investors in Texas-based bitcoin mining venture Rhodium Enterprises Inc. can't sue the company's top officers over an allegedly unfair business consolidation in 2021 because the investors already agreed to arbitrate all claims related to the deal, the officers' attorney told Delaware's Court of Chancery on Tuesday.

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Albert to Speak at the Memphis World Trade Club January Luncheon

Auto Dealer Valuation Insights

Samantha L. Albert, ASA, ABV will be speaking in person at the Memphis World Trade Club January Luncheon on Tuesday, January 23, 2024. Samantha’s session will cover supply chain trends from 2023 and her outlook for 2024. Samantha Albert is a vice president with Mercer Capital.

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Data Co. Near Intelligence Taps Full $16M DIP Before Auction

Law 360 M&A

Consumer data firm Near Intelligence Inc. on Tuesday received a Delaware bankruptcy judge's sign-off for a Feb. 10 asset auction and was approved to tap the $11 million remainder of its debtor-in-possession loan, with attorneys for the company saying it hopes to put forward a Chapter 11 liquidation plan early next month.

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Crews Earns the Accredited in Business Valuation (ABV) Designation

Auto Dealer Valuation Insights

John T. (Tripp) Crews, III, senior financial analyst, has earned the right to use the accredited in business valuation (ABV) designation, awarded by the American Institute of Certified Public Accountants (AICPA). Professionals who earn the ABV credential demonstrate expertise in business valuation through their competency, experience, and adherence to professional standards.

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Team Sales Not Assured Despite James Dolan Assault Suit

Law 360 M&A

Although recent history features multiple examples of professional sports team owners being forced out after allegations of misconduct, legal experts say there's no guarantee that James Dolan, executive chairman of Madison Square Garden Sports, will be punished by the NBA or NHL after he was accused of sexual assault in a federal lawsuit.

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Mercer Capital to Sponsor and Attend the AAML Florida Chapter’s Marital & Family Law Review Course

Auto Dealer Valuation Insights

Mercer Capital is proud to sponsor and attend the AAML Florida Chapter’s Marital Family Law and Review Course. The review course will be held on January 26-27, 2024 at the Loews Royal Pacific Resort in Orlando, Florida. Mercer Capital’s Karolina Calhoun, CPA, ABV, CFF will be attending.

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DOJ Digging Into $8B Six Flags-Cedar Fair Merger

Law 360 M&A

Six Flags and Ohio-based amusement park peer Cedar Fair revealed in regulatory filings Tuesday that the U.S. Department of Justice is looking more closely into their planned $8 billion merger, with the DOJ sending a second request for information as part of its review.

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How to Value an Automobile Wholesale Business

Peak Business Valuation

The automobile wholesale industry distributes automobiles, trucks, motorcycles, motor homes, and trailers to various markets. According to IBIS World , there are about 8,300 automobile wholesale businesses in the United States. In recent years, these businesses have generated over $677 billion in revenue. Additionally, we can expect healthy growth in the coming years.