Mon.May 09, 2022

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Does Enlightened Shareholder Value Add Value?

Harvard Corporate Governance

Posted by Lucian Bebchuk (Harvard Law School), Kobi Kastiel (Tel Aviv University), and Roberto Tallarita (Harvard Law School), on Monday, May 9, 2022 Editor's Note: Lucian Bebchuk is the James Barr Ames Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance at Harvard Law School; Kobi Kastiel is Associate Professor of Law at Tel Aviv University, and Senior Fellow of the Harvard Law School Program on Corporate Governance; and Roberto Tallarita is a Lecturer o

Finance 274
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Global Economics Intelligence executive summary, April 2022

Mckinsey and Company

Amidst high inflation and the continuing war in Ukraine, strong demand persists; forecasting institutions trim growth estimates.

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Performance Bounced Back—CEO Pay Up

Harvard Corporate Governance

Posted by Joanna Czyzewski and Lauren Peek, Compensation Advisory Partners, on Monday, May 9, 2022 Editor's Note: Joanna Czyzewski and Lauren Peek are principals at Compensation Advisory Partners. This post is based on a CAP memorandum by Ms. Czyzewski, Ms. Peek, Jared Sorhaindo, and Kristine Stanners. Related research from the Program on Corporate Governance includes The Perils and Questionable Promise of ESG-Based Compensation by Lucian A.

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What is an Exit Strategy? 7 Options for Business Owners

Viking Mergers

No matter your business goals, planning and preparing your exit strategy is essential. There are a variety of business exit strategy options, and the best option for you may not be the same as another person or business. In this article, we will discuss what an exit strategy is and some of the options available to you as a business owner. What is an Exit Strategy?

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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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Delivering on the promise of federal infrastructure funds in states

Mckinsey and Company

Thanks to the combined impacts of the Bipartisan Infrastructure Law and pandemic-related recovery bills, states and localities could have a meaningful effect on lives and livelihoods.

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How can APIs help modernize accounting firm technology

ThomsonReuters

Technology has helped tax and accounting firms to streamline their processes and automate countless time-consuming manual tasks. Firms regularly bring on new tools to address a specific business need. As new software versions become available, however, it can create a situation where some older software may no longer be able to communicate with the new ones.

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Oil Giants Sell Dirty Wells to Buyers With Looser Climate Goals, Study Finds

NYT M&A

The transactions can help major oil and gas companies clean up their own production by transferring polluting assets to a different firm, the analysis said.

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India’s JSW makes $7bn bid for Holcim’s India businesses

Financial Times M&A

Chair of country’s biggest steelmaker says PM Modi values ‘nationalistic’ companies

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RealNetworks Founder/CEO Robert Glaser Seeks To Buy Up All Outstanding Shares

Benzinga

RealNetworks Inc (NASDAQ: RNWK ), a Seattle-based provider of artificial intelligence-based software and solutions, announced it received an unsolicited, non-binding proposal from Robert Glaser , the company’s founder, chairman and CEO, to acquire all of the outstanding shares of common stock not currently owned by Glaser and his affiliates at a purchase price of 67 cents per share in cash.

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Philip Morris International nears $16bn deal for Swedish Match

Financial Times M&A

Marlboro seller close to acquisition of maker of snus tobacco pouches in further shift away from cigarettes

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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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Why Hindenburg Research Is Shorting Twitter: 'Musk Holds All The Cards'

Benzinga

Twitter Inc (NYSE: TWTR ) shares traded lower by 4% on Monday, well off the $54.20 per-share buyout price Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk has agreed to pay to take Twitter private. In a new report , short seller Hindenburg Research said there's plenty of reason for investors to be skeptical of the Musk buyout. Changing Circumstances: Hindenburg said there are several factors that suggest Musk is not getting the value for Twitter that he was on April 14 when he announced his offer.

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Morrisons wins race to buy McColl’s ahead of Asda owners

The Guardian M&A

All 16,000 staff of struggling convenience store chain will be transferred to the supermarkets group Morrisons has beaten the owners of Asda in the race to buy McColl’s after the struggling convenience store chain fell into administration. Morrisons’ final offer for McColl’s was selected ahead of an improved bid made over the weekend by EG Group, the petrol forecourts operator owned by the Blackburn-based Issa Brothers , who also own Asda.

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Carillion Was a Warning Bell. Who’s Listening?

Audit Board

In January 2018, a cataclysmic corporate collapse unfolded in the UK, resulting in unprecedented impacts on employees, the government, and taxpayers alike. Carillion plc, the second-largest construction company in the UK, filed for bankruptcy with £7 billion in debt despite receiving an unqualified opinion from their external auditor for 19 years in a row. .

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3 steps to a successful and secure cloud migration

Avanade

There is no ‘best’ way or right route to the cloud and the path won’t be linear, but most organisations will move through three steps.

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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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What Are SPACs?

Benchmark Report

A SPAC (Special Purpose Acquisition Company) is a company with no business operations that is formed solely to raise capital through an IPO to purchase another existing company. It does not produce any product or service, and it does not sell anything. Although SPACs have exploded in popularity in the past few years, they have been around since the early 1990s.

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Here's Why ServiceSource Shares Are Soaring Today

Benzinga

Concentrix Corporation (NASDAQ: CNXC ) agreed to acquire customer journey experience company ServiceSource International, Inc (NASDAQ: SREV ) in an all-cash transaction of $1.50 per share. The purchase price represents a 47% premium to ServiceSource's unaffected closing stock. Full story available on Benzinga.com.

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Shaftesbury/Capco: West End landlords to combine in all-share deal

Financial Times M&A

Combination makes some sense but market appears to have its doubts

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Judge, Jury and Executioner: Fifth Circuit Slams Courthouse Door on Antitrust Plaintiff Denied SEP Licenses Subject to FRAND Commitments

Mogin Rubin M&A

The U.S. Court of Appeals for the Fifth Circuit recently slammed the courthouse door on the plaintiff in Continental Automotive Systems v. Avanci, LLC (5th Cir., Feb. 28, 2022), a manufacturer of telematic control units (“TCUs”) that provide cellular communications to automobiles. The court held that Continental lacked Article III standing to sue patentees, Nokia, Conversant, Optis, Sharp, and their licensing agent, Avanci, for monopolization for refusing to license standard-essential patents (“

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An introduction to APIs: Are they right for your accounting firm’s tech stack?

ThomsonReuters

Of all the lessons learned during the pandemic, the need for reliable, anywhere/anytime business connectivity may have been the most startling—but arguably the most beneficial. Efficiency is one of the pillars of success in business. And efficiency is dependent, in large part, on streamlining processes as much as possible. Enter Automation. Automation can be an uncomfortable term for tax and accounting professionals.

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Trees Secures Funding For Acquisition Of Camp Cannabis Retail Stores In Ontario, Closes Private Placement Of Shares

Benzinga

Trees Corporation (NEO: TREE) has closed a non-brokered private placement of its 34.17 million at $0.03 per unit for gross proceeds of approximately $1.03 million. Under the private placement, each unit is comprised of one common share and one-half of one common share purchase warrant of the company. Each warrant entitles the holder thereof to purchase one common share at $0.05 per common share for a period of.

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Are Current Economic Conditions Affecting Your Small Business?

BV Specialists

There will always be differing opinions as to why the US, and the world in general, are facing significant challenges from inflation, supply chain delays, post-COVID hangovers, and many other economic factors that may have a negative impact on your family. If you own a small business, these issues can also impact your revenue and cost structure while creating new concerns you have never faced before.

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The childcare conundrum: How can companies ease working parents’ return to the office?

Mckinsey and Company

The status quo work culture no longer works for most families—particularly those with very young children. But companies’ support for childcare can turn worker attrition into attraction. Here’s how.

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Gay dating app Grindr to go public in Spac deal

Financial Times M&A

Transaction with Tiga Acquisition Corp values company at $2.

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McColl’s saga is lesson banks must take onboard with recession looming | Nils Pratley

The Guardian M&A

A rescue was on offer, so there was no need to create extra uncertainty by calling in the administrators All’s well that ends well? Not quite. McColl’s has obviously got the right rescuer in the shape of Morrisons , the biggest supplier by far to the 1,100-strong convenience store chain. But David Potts, the chief executive of Morrisons, was entitled to say he was “disappointed” that this mini-drama involved McColl’s going into administration at all.

Banking 76
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Will Musk try to re-cut Twitter deal?

Financial Times M&A

Hindenburg’s Anderson is betting on it.

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A 6-Step Framework For Legal Industry Professional Growth

Law 360 M&A

Lana Manganiello at Equinox Strategy Partners discusses how implementing a professional growth framework will help legal professionals gain expertise in a relevant niche to build credibility, focus marketing efforts and build an ideal practice.

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Goldman pauses work on new Spacs after SEC takes tougher stance

Financial Times M&A

Wall Street bank last year ranked as second-biggest underwriter for blank-cheque companies

Banking 75
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Pop Culture Co. Sues To Reclaim Wizard World Social Media

Law 360 M&A

A New York-based convention organizer that bought a pop culture events business from the company behind "Wizard World" sued the Utah-based company in Delaware for breach of contract and sought a court order for restored access to the company's social media accounts.

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Morrisons wins battle for UK convenience group McColl’s

Financial Times M&A

Grocer prevails over petrol station operator EG Group and promises to take on all 16,000 staff

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How to Advise Clients who Fear Market Volatility

Accounting Web

Practice How to Advise Clients who Fear Market Volatility.

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Your Family’s Guide for the Next 100 Years

Auto Dealer Valuation Insights

How does your family business think about success? James Hughes poses a question to the reader early on in Family Wealth: Keeping It in the Family that likely reorients our focus relating to successful family enterprises. “The Question: Can a family successfully preserve its wealth for more than one hundred years or for at least four generations?

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Do Venture Capital Funds Overstate Their Performance? The Effects of FOIA

Reynolds Holding

Venture capital (VC) has become an increasingly important asset class for institutional investors such as endowments, pension funds, insurance companies, and sovereign wealth funds, as well as for wealthy individuals. A large amount of money is involved: U.S. VC-backed companies raised nearly $300 billion in 2021. Moreover, there is a great deal of hype related to the potential benefits of VC.

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Best YouTube Channels to Learn Advanced Excel Skills

Andrew Stolz

Is Excel overwhelming for you? Or are you an Excel pro looking to add more tricks onto your utility belt? Look no further for here are the best YouTube Channels to learn advanced tricks that will take your Excel skills to the next level. YouTube allows almost everyone to share and access useful information. Being proficient in Excel will allow you to gain a competitive work advantage in today’s society and allow you to organize and manipulate the world’s most important resource; data

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Hyperautomation in Action: Purchasing and Payables

Audit Board

Process-level automation — also known as hyperautomation — involves the orchestrated use of multiple technologies to automate as many business and IT processes as possible. According to predictions from Gartner , McKinsey , and Deloitte , hyperautomation is one of the top technology trends of 2022. . In our Internal Audit Hyperautomation Blueprint Series , we explore examples of business processes typically selected for SOX and internal audit testing that contain many opportunities for hyperauto