Harvard Corporate Governance

JUNE 4, 2023

Posted by Brad Goldberg, Jaime L. Chase, and Asher Herzog, Cooley LLP, on Sunday, June 4, 2023 Editor's Note: Brad Goldberg and Jaime L. Chase are Partners and Asher Herzog is an Associate at Cooley LLP. This post is based on a Cooley memorandum by Mr. Goldberg, Ms. Chase, Mr. Herzog, Cydney Posner , Reid Hooper , and Stephanie Gambino. Related research from the Program on Corporate Governance includes Short-Termism and Capital Flows (discussed on the Forum here ) by Jesse M.

Equity 208

Equity 208

Mckinsey and Company

JUNE 4, 2023

Africa’s economy downshifted over the last decade, yet half of its people live in countries that have thrived on the continent. Africa has the human capital and natural resources to accelerate productivity and reimagine its economic growth, which is, more than ever, vital for the welfare of the world.

106

106

NYT M&A

JUNE 4, 2023

It’s been more than a year since he was forced from the top job at the network. Since then, he has made no secret of his frustrations with his exit — or his low regard for the man who replaced him, Chris Licht.

Mergers & Acquisitions 99

Mergers & Acquisitions 99

Global Finance

JUNE 4, 2023

Morgan Stanley CEO James Gorman led the firm through a spate of acquisitions that greatly elevated its position in the wealth management sector and his successor may emerge from that part of the firm.

95

95

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.

Marketability

NYT M&A

JUNE 4, 2023

The looming headache of this summer’s travel season only strengthens the argument against the JetBlue/Spirit merger.

Mergers & Acquisitions 98

Mergers & Acquisitions 98

Global Finance

JUNE 4, 2023

North American industries most affected by currency exposure were professional services, biotech and pharmaceuticals, machinery, trading and distribution, chemicals and health equipment and supplies.

75

75

Global Finance

JUNE 4, 2023

Global Finance Magazine - Qantas’ new CEO& Vanessa& Hudson& has spanned roles both onshore and offshore across the commercial, customer and finance segments of the company.

Finance 75

Finance 75

Financial Times M&A

JUNE 4, 2023

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

97

97

Global Finance

JUNE 4, 2023

Finance chiefs are making tough calls and learning new lessons in a stressful economic and credit landscape. But layoffs aren’t the only option.

Finance 75

Finance 75

NYT M&A

JUNE 4, 2023

Mr. Zucker is C.E.O. of a $1 billion investment venture backed by RedBird Capital Partners and International Media Investments, an Emirati firm.

Start-ups 78

Start-ups Mergers & Acquisitions Equity 78

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

Corporate Finance

Global Finance

JUNE 4, 2023

Global Finance Magazine - Pfizer’s eight tranches of notes, priced from $3 billion to $6 billion each, will mature between 2025 and 2063.

Finance 75

Finance 75

Law 360 M&A

JUNE 4, 2023

UBS Group AG said Monday that it expects to complete its 3 billion Swiss francs ($3.3 billion) takeover of Credit Suisse as early as June 12, as criticism and lawsuits against the deal mount.

52

52

Global Finance

JUNE 4, 2023

Global Finance Magazine - In April, LVMH reported a 17% year-over-year increase in first-quarter revenues, more than twice what analysts expected.

Finance 75

Finance Marketability 75

Peak Business Valuation

JUNE 4, 2023

The car wash industry has significantly evolved over the years. This is due to technological advancements and environmental regulations. As such, the car wash industry has experienced healthy growth in recent years. Moving forward, steady growth may continue due to rising disposable income and consumer spending. Additionally, IBIS World predicts that the number of vehicles in the U.S. will increase.

Business Valuation 52

Business Valuation Fair Market Value Appraisal Marketability 52

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.

Marketability

Global Finance

JUNE 4, 2023

Global Finance Magazine - Rema 1000’s acquisition of Aldi’s network of stores in Denmark is under investigation.

Finance 75

Finance 75

Essentials of Corporate Finance

JUNE 4, 2023

As we mentioned in the textbook, generally the shortest Treasury bills issued are 13 week maturity. However, given the recent debt ceiling problems, the Treasury issued cash management bills (CMBs), with a one day maturity. On Friday, June 2, the Treasury sold $15 billion in one day CMBs, to be issued on June 5 that mature on June 6. Over the past 25 years, the Treasury has held six CMBs auctions with a maturity of one day.

Treasury 52

Treasury 52

Global Finance

JUNE 4, 2023

Global Finance Magazine - Elon Musk hires Linda Yaccarino, an experienced advertising executive, to run Twitter in his place.

Finance 75

Finance 75

Peak Business Valuation

JUNE 4, 2023

Food processing equipment plays a crucial role in the efficiency and productivity of food manufacturing businesses. Whether it’s a small-scale food processing plant or a large-scale manufacturing facility, the value of the equipment is extremely important. To make informed decisions about managing their assets, planning finances, and complying with regulations, businesses often rely on food processing equipment appraisals.

Appraisal 52

Appraisal Business Valuation Compliance Finance 52

Reynolds Holding

JUNE 4, 2023

The board of directors serves as the liaison between shareholders and management; directors monitor and advise management, with the objective of maximizing shareholder value. Shareholders have significant input into the composition of the board via voting. Shareholder votes on directors have arguably become more influential over the past decade: The percentage of firms with majority voting provisions has increased, the SEC recently adopted the universal proxy, and firms whose boards do not inclu

Technology 45

Technology 45

Essentials of Corporate Finance

JUNE 4, 2023

A recent article in the Wall Street Journal notes that as of May 26, 77 percent of the 485 companies in the S&P 500 that had reported earnings beat earnings, compared to the historical rate of 66 percent. What is even more surprising is that the earnings beats are 6.9 percent above expectations, compared to a 4.1 percent historical average. But accounting choices, which have been labeled as potential earnings manipulation, may be the cause.

40

40

Reynolds Holding

JUNE 4, 2023

The recent In re Edgio, Inc. Stockholders Litigation decision highlighted concerns when a public company involved in a business combination adopts defensive measures that would continue for a significant period of time post-closing. The court declined to apply Corwin cleansing despite a fully informed stockholder vote. In a decision on “enhanced scrutiny” under Unocal Corp. v.

Marketability 40

Marketability 40