Fri.Aug 19, 2022

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Weekly Roundup: August 12-18, 2022

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, August 19, 2022 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of August 12-18, 2022. CSOs Have More Impact When Aligned To The CEO. Posted by Kurt Harrison, Sarah Galloway, and Emily Meneer, Russell Reynolds Associates, on Friday, August 12, 2022.

Dividends 213
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The Silver Tsunami is Here

Viking Mergers

More than 75 million Baby Boomers are poised to retire (part of what has been dubbed the “Silver Tsunami”). Early studies indicated mass exodus of Boomers from the workforce would happen steadily over the next 20 years. Back in 2020, however, I shared my opinion that the COVID-19 pandemic was a wake-up call for many Boomers (those born between 1946 and 1964) who realized being at home wasn’t too bad and that life is too short to work until the very end.

Start-ups 130
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Better Succession Planning Starts with Knowing Your CEO

Harvard Corporate Governance

Posted by Richard Holt, Alvarez & Marsal, and Amerino Gatti, Helix Energy, on Friday, August 19, 2022 Editor's Note: Richard Holt is Managing Director at Alvarez & Marsal, and Amerino Gatti is Energy Executive at Helix Energy. This post is based on an NACD BoardTalk publication. The average age of CEOs is nearly 60 years of age within the S&P 500.

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Author Talks: Design your future

Mckinsey and Company

Danish design experts Christian Bason and Jens Martin Skibsted say humanity needs a more expansive outlook on problem-solving—one that is less human-centered and more future-proof.

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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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2021: The Year of CFO Turnover and Strides in Gender Diversity

Harvard Corporate Governance

Posted by Jenna Fisher, Jim Lawson, and Rose Mistri-Somers, Russell Reynolds Associates, on Friday, August 19, 2022 Editor's Note: Jenna Fisher is senior partner and co-leader of the Global Financial Officers Practice; Jim Lawson is co-leader of the Global Financial Officers Practice; and Rose Mistri-Somers is managing director at Russell Reynolds Associates.

Equity 152
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Twitter Asks Elon Musk: Who Did You Chat With About Buyout? The List May Be Longer Than We Thought

Benzinga

As Elon Musk and Twitter Inc. (NYSE: TWTR ) prepare for a legal showdown on Oct. 17 , the Tesla Inc. (NASDAQ: TSLA ) CEO has raised objections to the social media platform’s requests for information. What Happened : Twitter is asking Musk to share documents from anyone “who might have had a passing conversation” with him regarding the deal, the billionaire said in a letter to Delaware Chancery Court Judge Kathaleen McCormick , Bloomberg reported.

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Amid 2022's Dealmaking Slump, Financiers Are Fearing For Their Careers

Benzinga

Young bankers are fearing for their jobs as lighter workloads become the new normal. That’s according to a new report by Bloomberg. Banking analysts appear to have a lot of extra time on their hands, something which seemed unthinkable last year — and the years prior — for a profession characterized by its long hours and intense workload.

Banking 98
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Musk Seeks Toss Of 'Misguided' Twitter Fight Intervention

Law 360 M&A

Elon Musk's attorneys asked Delaware's chancellor on Friday to jettison a purported stockholder class suit to force Musk's closing on a $44 billion take-private deal for social media giant Twitter Inc., citing the stockholder's lack of standing to compel the deal or claim damage from its scuttling.

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Should Occidental Petroleum Be Renamed Occidental Hathaway? Warren Buffett Gets Approval To Purchase Half The Company's Stock

Benzinga

Warren Buffett and his $657.6-billion holding company Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) owned zero shares of Occidental Petroleum Corporation (NYSE: OXY ) as recently as December 2021. Just seven short months later, in July, Berkshire — which is the parent company of MidAmerican Energy Services — reportedly owned a 19.4% stake in Occidental.

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A Trial Put Publishing’s Inner Workings on Display. What Did We Learn?

NYT M&A

The book world can be opaque to outsiders. A case offered an unusual glimpse into it, revealing curiosities about the business and details about book deals.

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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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Rethinking digital innovation

Avanade

Digital transformation makes improving operational performance without huge investment a real, actionable opportunity – rather than just a pipe dream.

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Just Eat Takeaway sells stake in Brazil’s iFood for up to €1.8bn

Financial Times M&A

Dutch investment group Prosus acquires remaining third of Latin American delivery business it does not own

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Pricing during inflation: Active management can preserve sustainable value

Mckinsey and Company

Industrial players are paying more attention to their pricing strategies to cope with inflation and ensure sustainable impact.

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Just Eat Takeaway: iFood sale will whet appetite for Grubhub disposal

Financial Times M&A

This appetiser will keep investors satisfied for now, but they will soon get hungry for the main course

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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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Telecom’s future in the Web3 era: José María Álvarez-Pallete López

Mckinsey and Company

The chairman and CEO of Telefónica S.A. and chairman of the GSMA Board offers his thoughts on organizational delayering, a powerful new connectivity platform, and sharing the cost of building smarter networks.

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Buffett’s Berkshire Hathaway wins approval to buy half of Occidental

Financial Times M&A

Shares in US oil and gas producer jump after energy regulator authorises increased stake

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Book Publishers Say DOJ Hasn't Shown Harm To Authors

Law 360 M&A

Attorneys for Penguin Random House and Simon & Schuster told a D.C. federal court on Friday that the government failed to prove their planned $2.18 billion merger would reduce author pay, arguing that a deal should not be blocked based on a vague notion of softened competition.

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Cineworld prepares for US bankruptcy filing

Financial Times M&A

World’s second-biggest cinema chain has warned it is in discussions to restructure the business

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Manchester United Isn’t for Sale, but a Piece of It Might Be

NYT M&A

The Glazer family isn’t soliciting bids for United. But selling a minority stake in the team could set the price for all of it.

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If you want to grow in your career (and lifetime earnings), you need to focus on doing this

Mckinsey and Company

New research from McKinsey that studied the career progression of some 4 million workers over a decade revealed the factors behind dramatic surges in lifetime earnings, write Sven Smit, Anu Madgavkar, and Bill Schaninger in Fast Company.

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Five Takeaways for RIAs From Focus Financial’s Earnings Release

Auto Dealer Valuation Insights

As one of the more active acquirors in the investment management industry, Focus Financial Partners (Focus) has a broad perspective into the state of the RIA industry and M&A activity. In the article below, we summarize five key takeaways for RIAs based on Focus’ recent Q2 earnings release. 1. Deal Activity Remains Near Record Levels While deal activity declined for the second consecutive quarter.

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Berkshire Hathaway cleared to buy up to 50% of Occidental Petroleum.

NYT M&A

The Federal Energy Regulatory Commission approved a request from Warren Buffett’s company to take a bigger stake in the oil company.

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Value Focus | Exploration & Production

Auto Dealer Valuation Insights

Mercer Capital’s Value Focus: Exploration & Production newsletter provides an overview of the industry through supply and demand analysis, commodity pricing, and public market performance. In addition, each issue of this quarterly newsletter focuses on a region, including, Eagle Ford, Permian, Bakken, and Appalachia, examining general economic and industry trends.

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Apollo Helps GI Alliance Doctors In Buyout Of $2.2B Practice

Law 360 M&A

The physicians who own national gastroenterology medical practice GI Alliance are getting an assist from funds managed by Apollo Global Management to buy out the minority stake owned by private equity firm Waud Capital Partners, valuing the practice at $2.2 billion in a deal announced Friday.

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7 Essential Finance Tips for Car Owners 

Financial Analyst Insider

If you’re a car owner, it’s important to be aware of the financial responsibilities that come with owning a vehicle. There are many things to. The post 7 Essential Finance Tips for Car Owners appeared first on Financial Analyst Insider.

Finance 52
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Cathie Wood Favorite Ginkgo Bioworks Bolsters Biosecurity Platform Via This Acquisition

Benzinga

Ginkgo Bioworks Holdings Inc (NYSE: DNA ) has purchased certain epidemiological data infrastructure assets from Baktus, Inc. , a Delaware-based public benefit corporation. Financial terms were not disclosed. Under the terms of the deal, Ginkgo will assume ownership of proprietary datasets, modeling and analytic tools, and a software platform. Ginkgo also expects to integrate several ongoing epidemiological analysis projects and a team of.

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Kingspan Buys 24% Stake In Swedish Waterproofing Biz

Law 360 M&A

Construction supply giant Kingspan Group Co. has disclosed the acquisition of a 24% stake in a Swedish waterproofing company, as it released its financial results for the first six months of 2022 on Friday.

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Pimco Buys Struggling Assets To Support Banks Looking To Offload Battered Companies: Report

Benzinga

In recent months, Pacific Investment Management Co has spent more than $2 billion to snap up consumer companies that have struggled due to the cost of living crisis, surging inflation, and rising interest rates. The purchases are part of a broader strategy at the firm to capitalize on depressed prices, Bloomberg reported citing people familiar with the matter.

Banking 52
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Prosus Acquires Remaining 33.3% Of iFood For Up To €1.8B

Law 360 M&A

Internet consumer services giant Prosus NV said on Friday that it will buy the remaining 33.3% stake in a Brazilian food delivery business from Just Eat in a deal which could reach €1.8 billion ($1.8 billion).

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Credit Suisse's Largest Owner Asks For Sustainable Options For Troubled Investment Banking Unit

Benzinga

Bloomberg reported that Credit Suisse Group AG's (NYSE: CS ) largest shareholder had asked the firm to earn sustainable returns for its investment banking business or look for options, which has been the centerpiece of the losses over a couple of years. In an interview, David Herro, the chief investment officer of Harris Associates, said, "it can't be fixed within the next year or two, then options such as.

Banking 52
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Charles Lowrey on putting purpose at the heart of Prudential Financial’s transformation

Mckinsey and Company

The chairman and CEO of Prudential Financial talks about what it takes to keep a transformation on track.

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Twitter Tells Employees They Might Get Only Half Their Annual Bonus

NYT M&A

The company blamed its financial performance for the potential bonus cut.

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Three imperatives for R&D in biosimilars

Mckinsey and Company

The biosimilars market is poised to grow over the next decade. Here’s how companies can accelerate time to market, reduce R&D costs, and improve productivity.

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AMA: Mariona & Robert Bolohan, co-founders of Lotuly

Vested

Mariona and Robert Bolohan are the co-founders and directors of Lotuly, a translation service with a team of experts that capture the nuances that bots cannot.

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