Tue.Aug 01, 2023

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Do Activists Beat the Market?

Harvard Corporate Governance

Posted by Mary Ann Deignan, Rich Thomas, and Kathryn Night, Lazard, on Tuesday, August 1, 2023 Editor's Note: Mary Ann Deignan is Head of Capital Markets Advisory, and Rich Thomas and Kathryn Night are Managing Directors in the Capital Markets Advisory group at Lazard. This post is based on a Lazard memorandum by Ms. Deignan, Mr. Thomas, Ms. Night, Leah Friedman and Pavan Surabhi.

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Keeping staff happy: 4 ways firms can attract and retain accounting talent

ThomsonReuters

Thomson Reuters set out to answer that question by surveying more than 100 CPAs who are currently employed as accountants. The results show that tax and accounting professionals know exactly what they want in an employer—and here’s how firms can heed the call. 1. Financial stability There’s no question that money talks—and the accounting profession is no exception.

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Climate Change as Unjust Enrichment

Harvard Corporate Governance

Posted by Maytal Gilboa (Bar-Ilhan University), Yotam Kaplan (Bar-Ilhan University), and Roee Sarel (University of Hamburg), on Tuesday, August 1, 2023 Editor's Note: Maytal Gilboa is an Assistant Professor at the Faculty of Law at Bar-Ilhan University, Yotam Kaplan is an Assistant Professor at the Faculty of Law at Bar-Ilhan University, and Roee Sarel is Junior Professor of Private Law and Law & Economics at the University of Hamburg.

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Prepare now for the AI-powered future of work

Avanade

Find out how to prepare your workplace environment for a quick, successful adoption of Microsoft 365 Copilot – and get ready for a new wave of personal productivity.

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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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Supplemental Disclosures to Be “Plainly Material” to Justify Mootness Fee Awards

Harvard Corporate Governance

Posted by Andre G. Bouchard, Geoffrey R. Chepiga, and Jaren Janghorbani, Paul, Weiss, Rifkind, Wharton & Garrison LLP, on Tuesday, August 1, 2023 Editor's Note: Andre G. Bouchard , Geoffrey R. Chepiga , and Jaren Janghorbani are Partners at Paul, Weiss, Rifkind, Wharton & Garrison LLP. This post is based on a Paul Weiss memorandum by Mr. Bouchard, Mr.

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Comment on The Nightmarish End of Home Appraisals by Fitz Turner

Appraisers Blog

On a very basic level, I was driving my wife and in-laws, a retired high school teacher and two college professors, around some neighborhoods and mentioned that I have recently received instructions that I may no longer refer to Master Bedroom or Master Bath, as they are racist. One suggested we use most desirable bedroom, I said I may not use desirable, it is racist.

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Comment on ‘Pesky’ Words. Keeping Appraisers out of Language Purgatory by Baggins

Appraisers Blog

[link] Various organizations decline taf invite to join care group. 02/2023 Play the banned language drinking game. Get out your red pen and issue a revision for every instance of language which would not be acceptable in an actual appraisal report.

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Are middle managers your next ace in the hole?

Mckinsey and Company

Middle managers: they’re beleaguered. Maligned. Miscast. But new research reveals the clear competitive advantage the best middle managers bring—and the vital role they stand to play in the future of work.

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3 first steps to changing a company culture

JPAbusiness

We’ve enjoyed insights from some great business experts since starting our ebook and blogging journey a decade ago. One of those experts is international executive coach and leadership trainer Kevin Catlin , and it was a delight to welcome him back this year to help launch our new podcast , Let’s Talk Business with James Price. One of Kevin’s areas of expertise is understanding and developing a positive business culture.

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A Tax-Smart Way to Develop and Sell Appreciated Land

Machen McChesney

Let’s say you own highly appreciated land that’s now ripe for development. If you subdivide it, develop the resulting parcels, and sell them off for a hefty profit, it could trigger a large tax bill.

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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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Indian banks: Building resilient leadership

Mckinsey and Company

Indian banks have shown strength in the recent global banking turmoil. However, times remain uncertain—banks could develop multi-dimensional resilience capabilities to thrive in the future.

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New Implementing Regulation and FAQs Provide Further Details on How the European Commission Will Apply the Foreign Subsidies Regulation

National Law Review M&A

Philip Torbøl Mélanie Bruneau Francesco Carloni Giovanni Campi Jurisdiction: European Union Nikolaos Peristerakis Type of Law: Antitrust & Trade Regulation Mergers & Acquisitions Global Antoine De Rohan Chabot

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‘Crossing the river by feeling the stones’

Mckinsey and Company

In this edition of The Quarterly Interview: Provocations to Ponder, eminent economist and tech historian W. Brian Arthur looks at how businesses can adapt to a world of continued uncertainty.

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The Court of Justice Overturns the General Court’s Judgment Annulling the European Commission’s Prohibition Decision in the Telecom Sector

National Law Review M&A

Philip Torbøl Mélanie Bruneau Francesco Carloni Giovanni Campi Jurisdiction: United Kingdom European Union Nikolaos Peristerakis Type of Law: Antitrust & Trade Regulation Mergers & Acquisitions Securities & SEC Utilities & Transport Antoine De Rohan Chabot

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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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French newspaper faces mass departures over appointment of rightwing editor

Financial Times M&A

Journal du Dimanche staff had protested at arrival of Geoffroy Lejeune ahead of impending takeover by billionaire Vincent Bolloré

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Comment on ‘Pesky’ Words. Keeping Appraisers out of Language Purgatory by CHARLENE CASTILLO

Appraisers Blog

The only part about this word policing that bothers me is that the word in question most of the time is taken out of context. The system only looks for the word and not how it is being used. For example a statement about the color of appliances such as white or black appliances can not longer be included in the appraisal. Now I state Non-Stainless Steel appliances.

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The McKinsey Crossword: Either Way You Look at It | No. 139

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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Comment on ‘Pesky’ Words. Keeping Appraisers out of Language Purgatory by Tom

Appraisers Blog

In reply to CHARLENE CASTILLO. “It would have been nice for the GSEs and others to let Appraisers know they were 1. going to start policing words and 2. to have provided a list of the words they anticipated being unacceptable.” It would be nice if they would stop playing stupid games, but we all know that’s not going to happen. I don’t usually use templates but I got to thinking since they are so into individual words why not make a neighborhood description of words.

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Private foundation do’s and don’ts: Common self-dealing issues

LaPorte

(authored by RSM US LLP) Private foundations generally may not engage in transactions with disqualified persons, even under terms that are favorable to the private foundation. The post Private foundation do’s and don’ts: Common self-dealing issues first appeared on LaPorte.

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Quick Guide: Accredited in Business Valuation (ABV) Credential

Gross Mendelsohn

As a CPA, ABV and CVA, my credentials are a source of pride for me. Most people recognize the Certified Public Accountant (CPA) credential. However, very few people recognize other credentials in the accounting and forensic accounting field.

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How to Value an eCommerce Business

Peak Business Valuation

The eCommerce industry has retained steady demand for decades. As the world has become more reliant on technology, we have seen rapid growth in the eCommerce industry. An industry report on IBIS World notes that eCommerce sales increased by over 40% in 2020 alone. Moving forward, this upward trend will likely continue as eCommerce becomes more popular.

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Redpath Construction Practice Recognized by Construction Executive

Redpath

August 1, 2023 - Today, Redpath and Company (Redpath), one of the top 150 accounting and advisory firms in the nation by revenue, announced it has been recognized by Construction Executive (CE) magazine in the Top 50 Construction Accounting Firms TM. This is the fifth consecutive year that Redpath has been recognized.

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BNB Makes Debut In Japan As Binance Prepares For Full Launch

Benzinga

Binance Japan is set to fully launch in August and intends to initially list 34 tokens, thereby surpassing any local competitor in terms of token offerings. The company plans to include BNB (CRYPTO: BNB ) in its listing, marking the debut of its native token in Japan, according to crypto news outlet Coinpost. Binance confirmed to The Block that new Japanese customers would have access to services such as spot trading, Earn products, and its NFT marketplace.

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Essentials of IT Risk Management: Protect Your Organization from Cyber Threats

Audit Board

The SEC recently adopted their proposed rules, including those regarding Cybersecurity Risk Management on July 26, 2023. The stakes and expectations of an organization’s IT Risk Management capabilities have never been higher – and as we all know, the dollar impacts are real. According to a 2022 IBM report , the average cost of a data breach in the US is $9.44 million.

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Revolution Medicines To Acquire EQRx In All-Stock Transaction To Gain Over $1B In Additional Capital

Benzinga

Revolution Medicines Inc (NASDAQ: RVMD ) has agreed to acquire EQRx Inc (NASDAQ: EQRX ) in an all-stock transaction intended to add more than $1 billion in net cash to Revolution Medicines' balance sheet. Specifically, at closing, EQRx stockholders will receive the number of shares of Revolution Medicines common stock equal to the sum of 7,692,308 Revolution Medicines shares (determined as $200 million divided by $26.00 per share) plus some shares.

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EU’s Foreign Subsidies Check for M&A Deals Goes Live

Cooley M&A

The European Union’s new screening tool for third-country subsidies introduces a novel form of mergers & acquisitions scrutiny. Companies worldwide need to account for timing and execution risks arising from this system when M&A deals involve businesses with activities in the EU. The EU’s Foreign Subsidies Regulation (FSR) applies to deals agreed after 12 July 2023, and the European Commission (EC) now has the power to ex officio investigate potentially distortive subsidies granted by

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Analysts Shift Gears On New Relic Post-Acquisition: From Outperform To Neutral Ratings And Revised Price Targets

Benzinga

Analysts have mixed reactions to New Relic Inc (NYSE: NEWR ) acquisition by Francisco Partners and TPG Inc (NASDAQ: TPG ). Yesterday, NEWR entered into a definitive acquisition deal with an equity valuation of approximately $6.5 billion. RBC Capital Markets analyst Rishi Jaluria downgraded New Relic to Sector Perform from Outperform at a reduced rating of $87 from $95.

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How To Sell Your House Fast In Bristol

Financial Analyst Insider

If you’re in the market to sell your home in Bristol, the process might initially seem daunting. From selecting an estate agent to making your The post How To Sell Your House Fast In Bristol appeared first on Financial Analyst Insider.

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DoubleVerify Stock Plunges Despite Strong Q2 Performance: Here's Why

Benzinga

DoubleVerify Holdings, Inc (NYSE: DV ) stock is trading lower Tuesday after it reported quarterly earnings of $0.07 per share, which beat the consensus of $0.06. The company reported quarterly sales of $133.74 million, which beat the consensus of $133.33 million. DoubleVerify agreed to acquire Scibids Technology sas in cash and stock transaction valued at $125 million, with additional potential consideration based on certain performance metrics.

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What is Peer-to-Peer (P2P) Lending? How it Works

Financial Analyst Insider

Peer to Peer lending is a special type of lending in which individuals go through the lending process by using online platforms or software without The post What is Peer-to-Peer (P2P) Lending? How it Works appeared first on Financial Analyst Insider.

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Manchester United Stock Is Diving: What's Going On?

Benzinga

Manchester United Ltd (NYSE: MANU ) shares are falling Tuesday afternoon following reports that the sale process has been "paused" for at least one of the two main bidders. What Happened: According to a tweet from @centredevils , the long drawn-out bidding process for Manchester United has been effectively paused. "The #mufc takeover process has been effectively “paused” as far as at least one of the two main bidders are concerned," the tweet.

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Benchmark International Successfully Facilitated the Transaction Between Paramount Packaging Limited and Mediahuis Ireland Limited

Benchmark Report

Benchmark International is pleased to announce the acquisition of Wicklow-based Paramount Packaging by Mediahuis Ireland, through its Reach Group subsidiary. Paramount Packaging was established in 1997 and is an industry leading importer, distributor and supplier of premium flexible plastic, paper and environmentally friendly packaging and solutions to the pharmaceutical, retail, food services, merchant, and industrial industries.

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Do's and Don'ts of Post-Merger Pay Environments

M&A Leadership Council

The Art of M&A® / Integration: Harmonization of Post-Merger Compensation Plans An excerpt from The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide by Alexandra Reed Lajoux Editor’s Note: A growing number of M&A professionals are pursuing the Certified M&A Specialist , or CMAS ® credential. To support these certification candidates preparing for the CMAS ® exam, we are pleased to highlight a feature column, CMAS ® Career Corner by noted author and expert, Ale

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FCF Biotech Venture Capital Monitor – USA 06/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Biotech Venture Capital Monitor – USA 06/2023”. The Monitor is a monthly published overview of venture capital trends in the US-Biotech sector. As. Read more The post FCF Biotech Venture Capital Monitor – USA 06/2023 published appeared first on FCF Fox Corporate Finance GmbH.