Wed.Oct 18, 2023

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Directors: Take Activist Threats to Your Reputation with a Grain of Salt

Harvard Corporate Governance

Posted by Patrick Ryan, Lex Suvanto, Edelman Smithfield, on Wednesday, October 18, 2023 Editor's Note: Patrick Ryan is a Senior Vice President and Lex Suvanto is a Managing Partner at Edelman Smithfield. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian A.

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Exxon Mobil’s Pioneer Deal Is a Direct Threat to Democracy

NYT M&A

By doubling down on fossil fuels, Exxon Mobil is choosing to profit through the most harmful way to the rest of us.

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Securities Law Precedents, Legal Liability, and Financial Reporting Quality

Harvard Corporate Governance

Posted by Allen Huang (Hong Kong University of Science and Technology), on Wednesday, October 18, 2023 Editor's Note: Allen Huang is ​a Professor of Accounting at Hong Kong University of Science and Technology. This post is based on an article forthcoming in Review of Finance by Professor Huang, Benedikt Franke, Reeyarn Zhiyang Li, and Hui Wang. In the U.S., securities class actions (SCAs) are one of the most significant sources of legal liability for firms, allowing investors to potentially rec

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IRS Changes Threshold for Mandatory e-Filing

Redpath

October 18, 2023 – The IRS recently introduced new requirements that will reduce the threshold for mandatory e-filing of certain information returns and forms. This change will affect many organizations that have historically paper filed. In addition, the threshold will be an aggregate number of forms instead of being based on a specific form type. Filers should review the new regulations and how they might impact your organization.

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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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Ferrara Sweetens Portfolio, Buys Jelly Belly — A Candy Favorite Of This US President

Benzinga

Jelly Belly candy — once the go-to sugar fix for former President Ronald Reagan when he was trying to kick a smoking habit — is now under the same roof as Nerds and Sweet Tarts. What Happened : Ferrara Candy Company , the U.S. subsidiary of Luxembourg-based Ferrero SpA , agreed to buy the family-owned jelly bean company for an undisclosed price.

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2023 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

Machen McChesney

Here are some key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements.

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More Trending

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‘Zero consumers’: What they want and why it matters

Mckinsey and Company

In light of the modern-day consumer’s shopping behaviors and spending habits, retailers and consumer goods manufacturers in Asia would do well to question—or perhaps even abandon—traditional ways of doing business.

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Cybin's Acquisition Of Small Pharma Approved By Canadian Supreme Court

Benzinga

Short-acting psychedelics biotech Small Pharma Inc. (OTCQB: DMTTF ) has obtained a final order from the Supreme Court of British Columbia approving the announced plan of arrangement , under Division 5 of Part 9 of BC’s Business Corporations Act, by which clinical-stage biotech firm Cybin Inc. (NYSE: CYBN ) is set to acquire all the former’s issued and outstanding securities in an all-share transaction.

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Global Energy Perspective 2023

Mckinsey and Company

In an evolving energy landscape, our Global Energy Perspective 2023 provides insights into long-term trends that will shape the energy transition.

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Are you ready to defend your ERC claim?

Trout CPA

The IRS has announced substantial audit enforcement for Employee Retention Credit (ERC) claims. While details of who will be selected have not been disclosed, all taxpayers should actively prepare to defend their ERC claim - particularly if a third-party promotor was involved instead of an existing, trusted tax professional.

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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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How consumer companies outcompete: High-performing operating models

Mckinsey and Company

If your consumer company isn’t growing more profitably and innovating faster than competitors, it’s time to rewire it. Start by revamping your operating model.

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Davis Polk-Led Owner Of Nerds, SweeTarts Buying Jelly Belly

Law 360 M&A

Davis Polk & Wardwell LLP-led Ferrara Candy Co. said Wednesday it has agreed to acquire Foley & Lardner LLP-guided Jelly Belly Candy Co. in a deal that brings the renowned jelly bean candies together with Ferrara favorites including Nerds and SweeTarts.

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Bain Capital’s ambitions to create US-Japan chip champion in jeopardy

Financial Times M&A

Kioxia and Western Digital merger opposed by South Korean chipmaker SK Hynix

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TreeHouse Led By Blakes Cassels In J.M. Smucker Pickle Deal

Law 360 M&A

Private-label food and beverage maker TreeHouse Foods Inc., advised by Blakes Cassels & Graydon LLP, is paying roughly $20 million in cash for several brands, including Bick's pickles, owned by McCarthy Tétrault LLP-guided J.M. Smucker Co., representing the latest in a storm of deals featuring at least one of the two food giants.

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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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Benchmark International Successfully Facilitated the Transaction Between Aurora Health Physics Services Ltd and RSK Group Limited

Benchmark Report

Benchmark International is delighted to announce the acquisition of Didcot-based Aurora Health by RSK. Aurora Health is a radiation detection and exposure prevention specialist providing consultancy, surveying, remediation, and decommissioning services across the nuclear, industrial, healthcare, environmental, military, oil and gas, and educational sectors.

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Comment on Fannie Mae Filed a Complaint Against Me by Baggins

Appraisers Blog

Well, after some fun commentary on the board, down to the article itself; What an excellent article. Fun to read and great work with such well thought out professional responses. The author said; “The appraisal was ordered from an amc’… Oh boy, I’m going to be jotting this tidbit down quite a bit more in the future I fear; I have identified your primary appraisal problem.

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Capital Markets vs. Investment Banking: Deals, Careers, Recruiting, Exits, and Offer Decisions

Brian DeChesare

Even though we’ve covered industry groups vs. product groups and teams such as M&A , ECM , DCM , and Leveraged Finance , we continue to get questions about capital markets vs. investment banking. The questions usually go like this: Are capital markets teams (ECM, DCM, and LevFin) “real” investment banking? Do you work or get paid less in capital markets?

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Comment on Fannie Mae Filed a Complaint Against Me by Eric Kretz

Appraisers Blog

In reply to Baggins. Holee Sh!t my mind is blown. I’ve known it could be complex but never thought about the big string pullers off loading the underperformers and REO’s to mega investors. That seems completely realistic in the current lending environment. My AO has had a steady stream of mom and pop flippers for the past 20 years and that has all gone away.

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CVC prepares to launch IPO as early as next week

Financial Times M&A

Buyout group, which was valued €15bn in a private deal in 2021, intends to list in Amsterdam despite weak IPO markets

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Comment on Fannie Mae Filed a Complaint Against Me by Baggins

Appraisers Blog

In reply to Mark Davis. Are you my clone posting as an alternate identity or something? Amazing takes, bravo. ‘If you want to know who rules over you, find out whom you’re not allowed to criticize.

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What are the main traded sectors and who are the main trade partners of an economy?

Mckinsey and Company

The trade profile of economies constantly evolves. Explore the data to understand how the composition of exports and imports has been changing in different sectors and among trade partners over time.

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Comment on Fannie Mae Filed a Complaint Against Me by Charles Minzenberger, SRA

Appraisers Blog

thank you for sharing this story, and it is a cautionary tale but does make me wonder if there is any recourse for appraiser’s that are falsely accused? there should be, the appraiser is clearly experiencing some PTSD, and lost a lot of time over the past year, not to mention money. Why? for what? so FNMA can meet some arbitrary quota? a counter suit seems appropriate, especially since the State regulator was ‘surprised’ Fannie kicked the file back to them.

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How has trade between economies evolved over time?

Mckinsey and Company

Over the past few years, leading economies have reconfigured their main trading partners. Explore for which economies and for which sectors trading partners are changing in this shifting trade landscape.

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Comment on Fannie Mae Filed a Complaint Against Me by CB

Appraisers Blog

Thank you for telling your story, even if it is one that will give chills and nightmares to those of us conscientious appraisers left standing. I feel for you deeply on this, it brings back memories of the sick to the stomach stress I went through during my State complaint. Mine was a disgruntled buyer, upset that their closing was delayed by 2 days.

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What are the most important trade corridors?

Mckinsey and Company

Global flows travel through corridors that connect countries, shaping the global economy—from oil flows from the Middle East, to power from East Asia, to agriculture flows from the Americas to the rest of the world. Explore the data to identify the major players in the global trade network in different subsectors.

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Comment on Fannie Mae Filed a Complaint Against Me by Baggins

Appraisers Blog

In reply to Douglas Kues. Dare to take a client questioning a government apparatus which intends to strip them of their land? You might as well have done an appraisal for Amond Bundy. That’s pretty brave. The government these days, let me tell you. Your post is interesting and makes me sort of want to find a jobs listing for state investigators in CA, check out the inadequate requirements.

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WealthTech in Asia–Pacific: The next frontier in financial innovation

Mckinsey and Company

By using tech-driven solutions, WealthTechs in Asia–Pacific can unlock opportunities in the fast-growing wealth management industry to expand the system to more customers and financial institutions.

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Comment on Fannie Mae Filed a Complaint Against Me by Eric Kretz

Appraisers Blog

In reply to Jacob Landfair on Facebook. Chase did the same thing to me in 2008 as well. It was a very stressful process, but I was able to see the review performed and talk to the people at Chase and went much smoother than what the OP went through. I fear these buybacks are going to come rolling over the appraisal industry over the next few years. One would speculate that they are pushing this action to further drive appraisers out and rely on AVMs and hybrid/desktop products.

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Harkins and Baumer Promotions Announced

Auto Dealer Valuation Insights

Mercer Capital is pleased to announce that David W. R. Harkins, CFA, ABV has been promoted to Vice President, and Vincent R. Baumer has been promoted to Senior Financial Analyst. David Harkins is a senior member of the firm’s Auto Dealership Industry team, and provides valuation analyses for family law, commercial litigation, gift and estate tax planning, transactions (M&A).

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Comment on Fannie Mae Filed a Complaint Against Me by Jacob Landfair on Facebook

Appraisers Blog

It is truly evil how FNMA has decided to carry out these complaints to destroy peoples lives. I think most of the boards realize what’s going on and are dismissing these complaints but not all. Chase did a similar thing in 2008, more than half of all complaints were from them and the same is likely true of FNMA.

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SBA Loans for Manufacturing Businesses

Peak Business Valuation

Businesses in the manufacturing industry are responsible for turning raw materials into products. This can involve assembling parts or creating products through chemical processes. Manufacturing businesses can work with virtually every industry. As such, there is a high potential for growth within the manufacturing industry. This is ideal if you are looking to start, purchase , or expand a manufacturing business.

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Comment on Fannie Mae Filed a Complaint Against Me by Mark Davis

Appraisers Blog

Glad I stayed with it, a well written journey from Kafka to Orwell. An entertaining story that captures the emotional conundrum between being happy they didn’t hang you, but pissed that the “authorities” put a rope around your neck. Especially when based on spurious accusations by petty, incompetent, spiteful bureaucrats that hide their identities.

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Latest AuditBoard Innovations Accelerate Impact With Greater Efficiency

Audit Board

Each quarter, we highlight key capabilities released by AuditBoard. We’ve collected a summary of key features released in Q4 2023, with the opportunity to learn more about additional product releases in the AuditBoard Help Center. ​​​​​ Introducing AuditBoard Analytics AuditBoard® Analytics is a no-code analytics solution that empowers teams with practical, purpose-built, OOTB workflows to automate anomaly detection, control testing, and continuous monitoring for audit and SOX use cases, like id

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Comment on Fannie Mae Filed a Complaint Against Me by Baggins

Appraisers Blog

In reply to CB. You said; ‘and the amc’… I have identified your primary problem. Ha! I mean, how many times before appraisers get wise to these companies basically having created an entire industry which thrives upon predatory practices? You know who to blame when things go wrong right? The person not in the room. The unrepresented party.