Mon.Aug 14, 2023

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Moving Beyond Sustainability Rhetoric

Harvard Corporate Governance

Posted by Clarke Murphy, Russell Reynolds Associates, on Monday, August 14, 2023 Editor's Note: Clarke Murphy is a Board and CEO Leadership Advisor at Russell Reynolds Associates. This post is based on his Russell Reynolds memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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Look Inside: Economic Outlook Update Q4 2019

BVR

The Economic Outlook Update provides monthly and quarterly digests designed to give you the most defensible economic data available at your fingertips when you need it. This excerpt comes from the Q4 2019 issue.

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Public Environmental Enforcement and Private Lender Monitoring: Evidence from Environmental Covenants

Harvard Corporate Governance

Posted by Shushu Jiang (National University of Singapore), on Monday, August 14, 2023 Editor's Note: Shushu Jiang is an Assistant Professor of Accounting at the National University of Singapore. This post is based on an article forthcoming in the Journal of Accounting & Economics by Professor Jiang; Stacey Choy , Ph.D. Student in Accounting at the University of Toronto; Scott Liao , Professor of Accounting at the University of Toronto; and Emma Wang, Assistant Professor of Accounting at Cor

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Baggins

Appraisers Blog

In reply to WAD. Sure. There is a saying; Nobody goes to jail. Just search this term; The Holder Doctrine, nobody goes to jail. Too many articles to post. In the latest series of untouchable white collar criminals SBF from FTX, charges related to illegal campaign finance contributions dropped. Of course they were. It’s not like Pam Crowley went into witness protection after blowing the whistle on appraisal management companies in the lead up to HVCC or anything.

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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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The 3 Approaches and Most Commonly Used Methods of Business Valuation

BV Specialists

A Business Appraisal relies on three broadly accepted approaches that consider all the potential variables that factor into a valuation: The Income Approach, Market Approach, and Asset Approach. These approaches review and analyze historic performance, reasonable growth projections, and the underlying assets of a company to estimate value. Depending on the circumstances, one or all three will be weighed in the final assessment.

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Comment on The Real Cause of the Home Value Gap Is the Income Gap by Pat Turner

Appraisers Blog

Blaming appraisers for the income gap will never solve the real underlying problem. It's as ridiculous as blaming them for gas prices.

More Trending

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What to do in Montréal!

ISA

8/14/2023 12:00:00 AM As we eagerly await our upcoming annual Assets conference in April 2024, we'd like to offer you an enticing preview of what Montreal has in store for you this Spring. A melting pot of cultures, Montreal effortlessly weaves its rich European heritage with a distinctive French flair that's evident in every corner of the city. As the days grow longer and the blossoms begin to appear, Montreal becomes a haven of activity, with its cobblestone streets, historic architecture, and

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Seneca

Appraisers Blog

So what, It will fall on deaf ears. Does anyone really think HUD, Fannie, Freddie and all the rest are just going to have a press conference, admit they were wrong and reverse course?

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Shareholders Get Court OK On $133.5M Madison Square Deals

Law 360 M&A

Shareholders who filed dueling Delaware Chancery Court suits over Madison Square Garden Entertainment's 2021 merger with MSG Networks won court approval Monday for $133.5 million worth of settlements to resolve the two disputes, with attorneys for the plaintiffs securing more than $36 million in fees and expenses.

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Baggins

Appraisers Blog

In reply to Mark skapinetz. Mark, the author Mr Bagott refers to the higher property values for lower income communities as ‘debt traps’ You see, the issue at hand is not really race, but that of the last independent group in real estate, the appraisers, still daring to stand up against lenders lining up minority tracts, and everyone else for that matter, from the debt trap machine. aka; predatory lending.

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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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SEC Fines UK-Based Auditor, CEO Over Flawed Akazoo Audit

Law 360 M&A

A U.K. auditing firm on Monday agreed to pay the U.S. Securities and Exchange Commission $750,000 and accept other penalties to settle charges it negligently cleared a music streamer's faulty financial statements before the streamer's 2019 go-public merger with a special-purpose acquisition company.

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Mark skapinetz

Appraisers Blog

Here’s the thing. Y’all ain’t gonna combat bias with bias. Simple. Appraisers continue to state there is no bias. I agree. However appraisers are up against government and more. So what is the solution? I don’t know. But the more you go against the bias claims without any actual and factual data, you won’t get anywhere. You are going to continue to be in the same place you are now.

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Private equity investments in tech services: Three considerations

Mckinsey and Company

While they can generate significant returns, tech services companies have a different business model than software and software-as-a-service assets.

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Baggins

Appraisers Blog

In reply to Sam Jackson. Your fight against those defending themselves from being falsely accused of bias, is biased as well. Y’all ain’t gonna win? Y’all are making it worse? Please specify what battle is being fought and whom we are supposedly winning or losing against? Move on to where? We live here too. Now what?

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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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Tokenization: A digital-asset déjà vu

Mckinsey and Company

Tokenization adoption was poised for success six years ago, but progress was limited. Renewed interest might feel like déjà vu, but stronger business fundamentals and structural changes suggest the path could be different this time.

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Mary Cummins

Appraisers Blog

In reply to Mark skapinetz. 10kblackappraisers.com is worrisome. I’m all for education, diversity but that group is a fundraising group only. I doubt it’s a legal nonprofit. Thaddeus also has a history. Wanting to change AVMs to increase value of homes for no reason is frightening. It would negatively upset the industry, banking and economy.

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Esmark becomes second US Steel suitor with $10bn offer

Financial Times M&A

Move comes a day after steelmaker rejected offer from Cleveland-Cliffs

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by WAD

Appraisers Blog

I guess I wonder what the real problem is with someone advocating for change in an industry that has had a history of some bad actors and behaviors. USPAP and State Level Regulatory bodies came out of bad behavior and bad actors and 1989 was not that long ago. We had a repeat in 2008-2010…Dodd Frank. Again, bad actors and bad behavior. I have witnessed it first hand.

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Paul Weiss poaches Kirkland lawyers in London and US

Financial Times M&A

Elite US law firm hires private equity and debt finance specialists as competition for top lawyers intensifies

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Seneca

Appraisers Blog

In reply to Mark skapinetz. I agree with combating bias with bias isn’t good. The AEI has over 150 scholars on their panel and only one is Afro-American who is only on the panel as guest contributor. Citing studies from the AEI can be a double edge sword.

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The Committed Innovator: Talking with Shopify’s Harley Finkelstein

Mckinsey and Company

How starting a T-shirt business in college led to helping run a giant e-commerce platform, why starting a side business makes sense, and why the meaning of ‘e-commerce’ is shifting.

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Jason

Appraisers Blog

In reply to Sam Jackson. Making it worse? I’m sure we are nearing the bottom if not there already. To take your advice would mean to keep quiet and keep taking it in the rear. Not my style, Sam.

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Buying a Restaurant with an SBA Loan

Peak Business Valuation

Buying a restaurant is an exciting opportunity! But it often requires a large financial investment. For aspiring restaurant owners securing funds can seem daunting. But, one financing option is an SBA loan for a restaurant. In this guide, we explore how to buy a restaurant with an SBA loan. We help you understand the basics of SBA loans. As a business appraiser, we can provide you with valuable insights into buying a restaurant with an SBA loan.

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Diana N.

Appraisers Blog

I have been appraising for 50+ years and have always maintained , it’s the neighborhood, not the residents that indicate the values based on sales. That’s why the comps were always supposed to be within 1 mile or if not available, sales in a comparable neighborhood were to be used.

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ISS Discusses SEC’s $153 Million Fair Fund Payout to Investors in Mortgage-Backed Security Offering

Reynolds Holding

Investors of RBS Securities Inc.’s multi-billion 2007 subprime mortgage-backed security offering – Soundview Home Loan Trust 2007-OPT1 – will soon be eligible to receive payment from the SEC’s $153.7 million fair fund. The SEC first commenced its case in 2013 alleging RBS – a subsidiary of the Royal Bank of Scotland plc – misled investors by claiming that the loans backing the $2.2 billion security offering were generally in compliance with the lender’s underwriting guidelines.

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Baggins

Appraisers Blog

In reply to Diana N. The price is not the same thing as value argument, something these people consistently overlook if not purposefully ignore. They insist on maintaining this illusion that because two similar homes, in different locations, sell for different amounts, one home has been ‘de valued’, and the other has not. The market participators drive the value of housing units in one location to the next.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Jack Young, ASA, ARM, has been elected as the first member for new ARM Discipline Governor Representative position. ASA has recently changed its Governance Structure to add new Appraisal Review & Management Discipline Governor Representative position on the ASA Board of Governors with Jack Young as the first elected person for this new position.

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Mary Cummins

Appraisers Blog

We all know the home valuation gap is caused by the income, wealth gap and not race. AEI had another piece out this last week dealing with the racial income, wealth gap. It stated there is almost no white, black income, wealth gap for poor and lower income individuals. There is a 3% wealth gap for all households under the median. Most of the income, wealth gap is caused by the top 10% of earners.

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Calhoun to Co-Present at Family Law 2023

Auto Dealer Valuation Insights

Karolina Calhoun, CPA/ABV/CFF is co-presenting an in-person CLE session alongside Will Perry and Lisa J. Gill at Family Law 2023: Intersections of Family Law hosted by the Tennessee Bar Association on August 17, 2023, at 3:30 PM. Their session will cover “Pitfalls and Pointers for Litigation Involving Closely-Held Businesses, Including Involvement in Family Law Actions.” They will answer questions.

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Mary Cummins

Appraisers Blog

In reply to Baggins. Government already set up lower to mid income people with tons of student loans. Now they’re loading them up with home loans at higher interest rates at the peak of the market just like before the Great Recession. Lenders, AMCs are kissing HUD’s behind to allow these easier predatory loans. Lenders brag on LinkedIn about lobbying Washington for these things.

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How to Achieve Clarity by Using a Common Framework and Methodology

Rhythm Systems

I’m a Mac guy. So, on the Rhythm team, we are all Mac users. If I hire you and you try to walk through the door with a PC, you will not be able to connect to my world. All of our monitors are set up for Macs; we have Apple TV powering our presentation monitors and not an HDMI cord in sight. If you work for me, you must be fluent with the Apple ecosystem (Mac OS and iOS).

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Baggins

Appraisers Blog

In reply to Mary Cummins. I’ve noticed a new stream of tax lien infomercials as well. It’s all going down behind the scenes and market values are not being allowed to adjust downward with what we thought was ‘the market’ Because lenders give first purchase opportunities to corporate investors ahead of regular citizens. When these activist groups talk about ‘billions of lost value in housing’ They must not realize that billions are flowing monthly, to corporate

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Clash of Valuation Visions: Appraisal Proceeding Over Manhattan Eyeglass Shop Goes the Distance

Farrel Fritz

The authors of this blog have a special affinity for fair value appraisal proceedings. The narrow hearings—where the sole issue before the court is the fair value of an owner’s interest in a business—require attorneys and appraisers to understand, convey, and advocate on both the intricacies of the business, and complex (and sometimes esoteric) valuation issues.

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Comment on Finding of Bias in Home Valuations Fails by Own Measure by Sam Jackson

Appraisers Blog

Enough with the bias. Your fight against bias is biased. Stop it. Y’all ain’t gonna win. Y’all are making it worse with articles like this. Move on and figure it out.

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