Fri.Jan 26, 2024

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Trends in Director Compensation

Harvard Corporate Governance

Posted by Lawrence A. Cunningham and Carlos Juarez, Mayer Brown LLP, on Friday, January 26, 2024 Editor's Note: Lawrence A. Cunningham is Special Counsel in Mayer Brown’s New York office, and Carlos Juarez is a Project Administrator at Mayer Brown LLP and J.D. Candidate at Villanova University Charles Widger School of Law. This post is based on their Mayer Brown memorandum.

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Author Talks: Moshik Temkin on power, purpose, and the public good

Mckinsey and Company

Today’s changing world calls for bold leadership. Moshik Temkin explores the traits of dynamic leaders in history and how they worked with power—or in opposition to it—to meet the moment.

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Bankrupt Water Gremlin Says It Wants To Survey Tort Claims

Law 360 M&A

Water Gremlin Co. told a Delaware bankruptcy judge Friday that it is in talks with environmental regulators to close the sale of its lead battery terminal and fishing sinker plant while it tries to get a handle on what kind of tort liability the plant is leaving it with.

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A different high-growth story: The unique challenges of climate tech

Mckinsey and Company

Capital-intensive, sustainable businesses offer growth on a scale achieved by technology juggernauts of recent decades. But they face a different set of challenges. Here’s how they can overcome them.

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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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Comment on The New Appraisal Profession – Why bother! by Unknown

Appraisers Blog

I have been through the mill in the last 3 years. A racial claim from a “serial financer” Then when it came to mine where I was honest and did not hit the value he thought his home was worth, he brought forth all hell. Complained to the VA and HUD with racist claims against me. Your turn will come, it is just a matter of time. This is horrible!!!

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Lessons from a successful cloud journey: Empathy, community, and a smart approach to value

Mckinsey and Company

In this interview, the CIO and the director of infrastructure and user services group at the US Centers for Medicare & Medicaid Services (CMS) emphasize the need to place people—not only technology—at the center of cloud transformations.

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Asia at the forefront of global change: On the cusp of a new era

Mckinsey and Company

Global forces are pushing the world into a new period in which rules will have to change fundamentally. In these uncertain yet exciting times, Asia is poised to lead the way.

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Telegraph takeover: decision put back by fresh inquiry into Barclay family’s UAE-backed deal

The Guardian M&A

Regulators’ reports on public interest risk now due on 11 March after late change in consortium’s structure prompts further review Telegraph CEO steps down A second investigation has been launched into the Barclay family’s deal to transfer control of the Telegraph newspaper group, pushing the deadline for regulators’ reports on the public interest threat it poses by more than six weeks.

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A flight plan for everyone

Mckinsey and Company

Senior airline executive and inclusion advocate Michael Swiatek outlines the changes required to enhance travel experiences for those with disabilities.

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Comment on Damned If You Do and Damned If You Don’t by Mary Cummins

Appraisers Blog

We can refuse to bid on it or refuse to accept the assignment, right? I will refuse an assignment if the property has major issues or if it’s listed way over market value. You just know no one will be happy with your value if it’s listed way over market. No appraiser needs that worry and stress for a few hundred bucks. We just can’t refuse to do the appraisal after we accepted it and inspected?

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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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New Requirement to Cover Long-Term Part-Time Employees in 401(k) Plans Enters into Effect.

Machen McChesney

The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act of 2019) and the SECURE 2.0 Act of 2022 (collectively, SECURE) enacted a new mandate that, starting in 2024, long-term, part-time (LTPT) employees must be allowed to make salary deferrals into their employer’s 401(k) plan.

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Comment on Damned If You Do and Damned If You Don’t by Russell

Appraisers Blog

Damned if you do, damned if you don’t has become the new normal in the real estate appraisal profession. It's a lose-lose situation for us.

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JetBlue Says It May Back Out of Deal to Acquire Spirit Airlines

NYT M&A

JetBlue now says that it could back out of the acquisition just a week after the company said it intended to appeal a judge’s decision to block the deal.

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Comment on Damned If You Do and Damned If You Don’t by Russell

Appraisers Blog

In reply to PJTMC. True, but they come from both. It is true assessors values are typically lower than fair market values. No one tells assessors that you have assessed my property too low. If they did their taxes would be higher. We complain when they go up on the value. It does not need to be a black & white issue. It is a made up issue that is costing unjust pain and anguish to Caucasians in this profession.

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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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Jury Mulls Alleged Davis Polk 'Scheme' To Fire Black Atty

Law 360 M&A

A Manhattan federal jury on Friday began deliberating claims by a Black former Davis Polk & Wardwell LLP associate that he was fired for airing concerns about racial bias in what his lawyer called a clandestine retaliation plot.

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Comment on Damned If You Do and Damned If You Don’t by jaydee

Appraisers Blog

Damned if you do, damned if you don’t has become the new normal in the real estate appraisal profession. It's a lose-lose situation for us.

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Marketing Co.'s Unsecured Creditors Blast Sale Proposal

Law 360 M&A

The unsecured creditors in Manhattan-based marketing firm Troika Media Group's Chapter 11 case have asked a New York bankruptcy judge to reject the company's plan for a sale to its secured lender, alleging the transaction would only benefit secured lenders and leave the business administratively insolvent.

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Comment on The New Appraisal Profession – Why bother! by DGK

Appraisers Blog

In reply to Eric Morse. Eric: Please read over your own posts, in which I see far more negatives than most of the posts in this pretty informative bunch of participants. By the way, I tire of looking for any forum in any industry that provides any significant amount of positive comment. These forums are designed and intended for interaction meant to recognize and solve the problems of an industry, not to patronize industry manipulators into labeling us as passively pleased with all that is going

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UK regulator launches investigation into Vodafone-Three merger

The Guardian M&A

CMA will assess impact proposed deal could have on competition for consumers and businesses Business live – latest updates The UK competition regulator has launched an investigation into the proposed merger of Vodafone and Three to create the UK’s largest mobile phone operator. The Competition and Markets Authority (CMA) now has up to 40 days to examine the deal and decide whether it warrants being subjected to a full, in-depth investigation on competition grounds.

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Comment on The New Appraisal Profession – Why bother! by DGK

Appraisers Blog

In reply to Bruce W Lennick. Well, it would appear that we are ALL angry about something in the appraisal industry evolution. I don’t think “anger management” in general is reasonable, since that suggests the problem is our own. It IS our own, but only because most of the anger is mis-directed or not quite focused on the source. People will always take advantage of a situation gifted to them, and that includes the ability to falsely accuse someone of something in order to distr

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Navigating Tax Implications When Selling Your Business: 6 Key Considerations

Sun Acquisitions

Selling a business is a significant financial decision that comes with various considerations, and one of the most important aspects to be aware of is the tax implications. Understanding the tax consequences of selling your business can help you make informed decisions and optimize your financial outcome. Here are six key considerations you need to know about tax implications when selling a business. 1.

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Comment on Damned If You Do and Damned If You Don’t by PJTMC

Appraisers Blog

The obvious is what no one is talking about at all. Most if not all the bias and racist complaints are coming from refinances, not sales? It would be interesting to know the statistics on that. This is not to infer there are not bad people out here doing bad things only the dynamics between the two types of appraisals and the reactions of owners. It would also be interesting to find out what a property is being assessed by the local Assessor that, in my experience and area, are much lower than t

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Casino To End Del. SPAC Suit Despite Hedge Fund Butting In

Law 360 M&A

A New York hedge fund that helped draft a failed $2.6 billion deal to take a casino in the Philippines public by merging with a special purpose acquisition company is now trying to intervene in the company's Delaware lawsuit against the casino's operators, challenging a pending settlement that would end their Chancery Court litigation.

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Comment on Damned If You Do and Damned If You Don’t by Mary Thompson Thompson

Appraisers Blog

They realize they have shot themselves in the foot by targeting Appraisers for bias. no wonder Appraisers are declining these left and right. They cannot have it both ways. I refuse to walk into a no win situation. It is either not in my coverage area (which I have the right to change at will as that is a business decision for me) or I am booked for a month.

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Chancery Hits Hedge Fund With Sanctions In Bioverativ Case

Law 360 M&A

An activist hedge fund principal and four affiliated funds were hit with hefty Delaware Chancery Court pretrial sanctions Friday for unexplained loss or deletion of electronic messages sought for a stockholder challenge to Sanofi's $11.6 billion acquisition of biomedical venture Bioverativ.

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Comment on Damned If You Do and Damned If You Don’t by Baggins

Appraisers Blog

In reply to Russell. There is talk of Ben Carson as (he who shall not be named) VP, and boy, that would be a breath of fresh air. When Ben was in charge of HUD, things moved smoothly, everyone was happy. I miss Ben Carson, he was awesome, fair, intelligent, ethical, and honest. We need more people like that in government. [link] His achievements at HUD.

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What R&W Insurance Access Means For Small-Cap M&A

Law 360 M&A

As a slowdown in mergers and acquisitions has increased insurer appetite for underwriting small-cap transactions, buyers of small and midsize enterprises stand to benefit from easier access to representations and warranties insurance, which can add protection and reassurance for all parties involved in a deal, say Caroline Thee and Ewelina Mikocewicz at Taft Stettinius.

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Comment on Damned If You Do and Damned If You Don’t by Superior Appraiser

Appraisers Blog

In reply to Older Beige Woman. The idea is to eliminate the appraiser from doing the physical work, that way there is no possibility of bias. If you haven’t already done Hybrids or Desktop appraisals, that is where this business is headed.

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Ebix Ch. 11 Financing Survives Challenge To $70M Roll Up

Law 360 M&A

A Texas bankruptcy judge approved a $105 million post-petition financing package in the case of insurance software company Ebix Inc. on Friday, overruling an objection from the Office of the U.S. Trustee concerning a rolling up of $70 million in existing debt.

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Comment on Damned If You Do and Damned If You Don’t by Joseph

Appraisers Blog

In reply to Mary Cummins. Any more we as appraisers have to very careful how we turn down an assignment; before I accept one I research the area/house/contract to see if it’s something I want to do, what I don’t want to do is ever be accused of anything wrong… that being said, if the subject doesn’t meet my criteria I tell them that I’m booking 3 weeks out at present, I MIGHT be able to have the report back in 4 weeks… works every time.

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Vroom in the Tomb and Used Vehicle Gloom

Auto Dealer Valuation Insights

This week, we’re following up on our “Vroom, Zoom, and Stock Market Boom” from the end of Q2 2020, as Vroom announced it is ceasing e-commerce operations. Vroom is very much a sign of the times for its era. We discuss its short, checkered history as a public company and what auto dealers can learn from the past few years.

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Comment on Damned If You Do and Damned If You Don’t by Baggins

Appraisers Blog

In reply to Older Beige Woman. ‘proclaimed we are prohibited from turning down an assignment where there might be a perception of bias.’ The appropriate response; ‘Please point out where that specific guidance is located in the ethics book.’ The appraiser is always the final word on forming scope of work and accepting engagement requests or not.

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Quality of Earnings Analysis for RIAs

Auto Dealer Valuation Insights

As we’ve often highlighted on this blog, transaction activity in the RIA space has increased dramatically over the last decade. Alongside this increase in deal activity, there have been significant developments in the supporting infrastructure for M&A. Many large consolidators now have dedicated outreach and deal teams and standardized due diligence processes.

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Comment on Damned If You Do and Damned If You Don’t by Older Beige Woman

Appraisers Blog

I attended a USPAP class last week via Zoom where 6 1/2 hours of the 7 hr. update consisted of appraiser bias with the last 1/2 hour covering prohibited words. And yes indeed, the preacher vehemently proclaimed we are prohibited from turning down an assignment where there might be a perception of bias. Maybe the census tract reflects a larger percentage of the population to be a protected class.