Wed.Feb 07, 2024

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Voting on ESG: Ever-Widening Differences

Harvard Corporate Governance

Posted by Lindsey Stewart, Morningstar, Inc, on Wednesday, February 7, 2024 Editor's Note: Lindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on his Morningstar 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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What to expect from medtech in 2024

Mckinsey and Company

Our medtech predictions for the year ahead were inspired by conversations with more than 200 industry leaders and informed by McKinsey’s latest decade-ahead medtech report.

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Outlook for M&A and Shareholder Activism in 2024

Harvard Corporate Governance

Posted by James E. Langston and Kyle A. Harris, Cleary Gottlieb Steen & Hamilton LLP, on Wednesday, February 7, 2024 Editor's Note: James E. Langston and Kyle A. Harris are Partners at Cleary Gottlieb Steen & Hamilton LLP. This post is based on their Cleary Gottlieb memorandum. The M&A Environment in 2024 Global deal value in 2023 fell to the lowest level seen in a decade.

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Preview: Business Valuation Update Yearbook 2024, Part 2

BVR

With a maxed-out capacity, the ASA New York Fair Value Conference was the place to be for anyone interested in valuation. Get a look behind the curtain at this event!

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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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Accountability of Corporate Emissions Reduction Targets

Harvard Corporate Governance

Posted by Shirley Lu (Harvard Business School), Shawn Kim (UC Berkeley), and Xiaoyan Jiang (Harvard Business School), on Wednesday, February 7, 2024 Editor's Note: Shirley Lu is an Assistant Professor of Business Administration at the Harvard Business School, Shawn Kim is an Assistant Professor of Accounting at the University of California Berkeley Haas School of Business, and Xiaoyan Jiang is a Predoctoral Fellow at the Harvard Business School.

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AMA: Donna Airey, founder of HomeGrown PR

Vested

As HomeGrown PR ’s founder and sole employee, Donna Airey talks to us about the importance of determination, starting a business during a global pandemic and championing the underdog.

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More Trending

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Comment on AMCs Violating TILA and C&R Fee Clauses by Pat Turner

Appraisers Blog

The damage caused by Appraisal Management Companies violating TILA & the Customary & Reasonable fee clauses goes beyond just financial losses.

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Reimaging Law Firm Culture To Break The Cycle Of Burnout

Law 360 M&A

While attorney burnout remains a perennial issue in the legal profession, shifting post-pandemic expectations mean that law firms must adapt their office cultures to retain talent, say Kevin Henderson and Eric Pacifici at SMB Law Group.

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Comment on AMCs Billing Scheme, Hidden Profits & Deceptive Practices by Raymond

Appraisers Blog

In reply to Spencer Paul. I haven’t done AMC work for 17+ years because the AMC control all elements of the appraisal process that includes the low appraisal fee structure. When AMCs make the appraisers sign off on all their restrictions and demands to accept work, the appraiser has loss all control of his/her appraisal responsibilities, including impartiality and being unbiased.

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Update on IRS Efforts to Combat Questionable Employee Retention Tax Credit Claims

Machen McChesney

The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash that helped enable struggling businesses to retain employees. Even though the ERTC expired for most employers at the end of the third quarter of 2021, it could still be claimed on amended returns after that.

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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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Comment on AMCs Billing Scheme, Hidden Profits & Deceptive Practices by jaydee

Appraisers Blog

In reply to PD. Don’t you in your appraisal state: This appraisal is for the client ABCXYZ Bank and no one else? The AMC is not a user but a pirate in this game. The borrower, seller, realtor nor lawyer are “suppose to have or rely upon any information in the report” Therefore your disclosure is of the pittance received is fine.

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UK’s biggest housebuilder Barratt to buy rival Redrow for £2.5bn

The Guardian M&A

Companies reach agreement over all-share offer and combined group will have turnover of more than £7bn Business live – latest updates The UK’s biggest housebuilder, Barratt, is planning to buy the rival Redrow in a deal worth more than £2.5bn. An update to the market this morning revealed the two companies had reached an agreement over an all-share offer from Barratt, which will result in it cementing its position as the country’s largest housebuilder.

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Comment on AMCs Billing Scheme, Hidden Profits & Deceptive Practices by ej

Appraisers Blog

In reply to AppraiserVoice. One of the main challenges facing the industry is the dominance of AMCs, which account for more than 60% of the work volume. This leaves most professionals with little choice but to accept their low fees and unfair practices. To address this issue, we need to tackle the root cause that has been undermining the industry for a long time.

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2024 M&A outlook

Benchmark Report

2024: A Return to Confidence Mergers and acquisitions (M&A) happen when dealmakers possess not only cash but confidence. In 2024, that's the transformative combination we expect to see.

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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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Comment on How Many Fees Are Needed for One Appraisal Order? by PD

Appraisers Blog

In reply to Superior Appraiser. I don’t know where you are appraising out of but there is no way I am able to complete an assignment in 3 to 4 hours and I started in this business when the secretary was typing the reports and had to travel to the photo shop to pick up my pictures then glue them into the report. As far as VA is considered, they are paying a fair price.

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How to Calculate Startup Valuation: Step by Step

Equidam

Valuing a startup can feel like plotting a course in the dark, as you try to reconcile significant uncertainty and risk with a clear-headed financial assessment. By understanding the purpose, drivers and methodology behind startup valuation, founders and investors can get much more value out of the process, and produce a result that encourages constructive fundraising negotiations and ensures fairer, more rational outcomes.

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Comment on AMCs Billing Scheme, Hidden Profits & Deceptive Practices by Raymond

Appraisers Blog

In reply to Baggins. Baggins, as I tried to state, the AMC CONTROL the entire appraisal process for mortgage lending purposes. Appraisers need to totally comply or get no work.

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Barratt’s £2.5bn takeover of Redrow makes sense … for Barratt | Nils Pratley

The Guardian M&A

CMA should have a good poke around the rafters of a deal whose promises on housing supply are ‘gloriously loose’ UK’s biggest housebuilder Barratt to buy rival Redrow for £2.5bn The way the bosses of the two companies told it, Barratt Developments’ proposed £2.5bn takeover of smaller rival Redrow was “a compelling opportunity” to do lots of virtuous things, such as increase the supply of new homes in the UK and give customers more choice.

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Comment on AMCs Billing Scheme, Hidden Profits & Deceptive Practices by Spencer Paul

Appraisers Blog

In reply to Desiree Mehbod. So would technology fees that we pay considered something of value connected to the procurement of the assignment? If so, all most all AMC’s have this we would have to disclose this in the report, of which ANOW would not allow this nor, solidifi, CV, CFV, FRISCO, ETc.

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Cracking the College Sports “Cartel”: Good for Athletes, Competition, and the Games

Mogin Rubin M&A

Note: This article will appear in the spring issue of the Journal on Emerging Issues in Litigation, published by Fastcase Full Court Press. Download a pre-publication copy now. Thanks to California Sports Lawyer Jeremy Evans for his valuable contributions to this article. Alston Opinion Changed Everything In NCAA v. Alston, 141 S. Ct. 2141 (2021), the Supreme Court upheld a district court and subsequent affirmation by the Ninth Circuit Court of Appeals in favor of players.

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Comment on AMCs Billing Scheme, Hidden Profits & Deceptive Practices by AppraiserVoice

Appraisers Blog

The subject of the past three articles has been appraisal management companies. It is clear AMC’s are a cancer to the profession / industry. Appraisers can choose to decline to work with AMC’s. The problem is many appraisers continue to work with AMC’s and sustain the corrupt business model. Look what happened to Bud Light. Boycotting does work and the same affect can happen with the appraisal industry.

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Billion Dollar Breakup: Why Aussie LNG Giants Woodside & Santos Said "I Do Not"?

Benzinga

Woodside Energy Group Ltd (NYSE: WDS ) disclosed that it ended acquisition talks with Santos Ltd (OTC: SSLZY ). Today, Woodside CEO Meg O’Neill stated that “for every opportunity Woodside assesses, it conducts thorough due diligence, and will only pursue a transaction that is value accretive for its shareholders.” Also, Santos said in a statement , “Following an initial.

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Comment on False Claims of Racism Against Appraiser by Pat Turner

Appraisers Blog

It is a story of false claims, and the damaging effects of a homeowner's actions on an appraiser's career, business, and health.

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Benchmark International Successfully Facilitated the Transaction Between ZinCo GmbH and Holcim Group Services Ltd

Benchmark Report

Holcim has acquired ZinCo, a leader in advanced green roofing systems based in Germany with global operations across Europe, in a deal facilitated by Benchmark International.

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Comment on Appraiser Countersuing Black Homeowners for Defamation by Frustrated appraiser

Appraisers Blog

The Maryland appraiser has filed a motion to dismiss and a countersuit against the black homeowners, claiming defamation.

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Ethnocultural minorities in Europe: A potential triple win

Mckinsey and Company

Greater inclusion of ethnocultural minorities could fill talent gaps and spur company growth, increase economic empowerment of these groups, and generate benefits for the economy and broader society.

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Comment on AMCs Billing Scheme, Hidden Profits & Deceptive Practices by AppraiserVoice

Appraisers Blog

In reply to Anonymous. That is correct, and the appraisers who jump ship from their independent practice to work for AMC’s are really failed appraisers.

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Skadden, Wilson Sonsini Steer Disney's $1.5B Epic Investment

Law 360 M&A

The Walt Disney Co., represented by Skadden Arps Slate Meagher & Flom LLP, and Epic Games, guided by Wilson Sonsini Goodrich & Rosati PC, announced Wednesday that they will collaborate on an "all-new games and entertainment universe," with Disney investing $1.5 billion to acquire an equity stake in the "Fortnite" maker.

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Comment on How Many Fees Are Needed for One Appraisal Order? by PD

Appraisers Blog

AMCs are profiting from high fees charged to borrowers, plus, they add extra technology fees. How many fees for one appraisal order?

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Lottery.com Beats Investor Suit Over Pre-IPO Disclosures

Law 360 M&A

A New York federal judge has dismissed consolidated securities class actions against third-party lottery website Lottery.com Inc., ruling that while some statements ahead of its 2021 initial public offering were false, the proposed class members failed to allege the defendants intended to defraud investors.

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Comment on AMCs Billing Scheme, Hidden Profits & Deceptive Practices by Spencer Paul

Appraisers Blog

In reply to Retired Appraiser. Retired, I’m not trying to be rude, but no one noticed. Since no one noticed the boycott, the boycott was meaningless. You simply quit.

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NGL Deal Adviser Urges Del. Justices To Uphold $36M Verdict

Law 360 M&A

An attorney for LCT Capital told Delaware's Supreme Court on Wednesday that a $36 million Delaware jury verdict favoring the institutional broker-adviser in a merger services dispute with NGL Energy Partners should carry "enormous" weight on its second appeal despite client protests.

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Comment on AMCs Billing Scheme, Hidden Profits & Deceptive Practices by Pat

Appraisers Blog

Appraisers who do not agree to their hidden billing methods are excluded from the majority of the GSE lending marketplace for appraisal orders

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???????Full Del. High Court Asked To Revive $1.2B Crypto Merger

Law 360 M&A

Cryptocurrency wallet provider BitGo deserves the chance to go to trial with digital assets firm Galaxy Digital over their broken $1.2 billion merger because the dispute involves complex questions of administrative, agency and securities laws, as well as regulatory guidance, BitGo told Delaware's highest court Wednesday.

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