Wed.Aug 24, 2022

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ESG Ratings: A Compass without Direction

Harvard Corporate Governance

Posted by Brian Tayan (Stanford University), on Wednesday, August 24, 2022 Editor's Note: Brian Tayan is a researcher with the Corporate Governance Research Initiative at Stanford Graduate School of Business. This post is based on a recent paper by Mr. Tayan; David Larcker , Professor of Accounting at Stanford Graduate School of Business; Edward Watts , Assistant Professor of Accounting at Yale School of Management; and Lukasz Pomorski , Lecturer at Yale School of Management.

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The digital reinvention of enterprise tech go-to-market

Mckinsey and Company

As customers demand both transformational expertise and simplified, self-serve experiences, the traditional enterprise sales playbook is being disrupted from the top down and bottom up.

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Top 5 SEC Enforcement Developments

Harvard Corporate Governance

Posted by Jina Choi, Michael D. Birnbaum, and Haimavathi V. Marlier, Morrison & Foerster LLP, on Wednesday, August 24, 2022 Editor's Note: Jina Choi , Michael D. Birnbaum , and Haimavathi V. Marlier are partners at Morrison & Foerster LLP. This post is based on their MoFo memorandum. In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important SEC enforcement developments from the past month, with links to primary r

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Hot Take: Twitter Investors Should Buy The Dip Amid Whistleblower Allegations

Benzinga

A whistleblower complaint against Twitter Inc (NYSE: TWTR ) claimed the company may not be 100% truthful with its claims of the impact of bots and spam accounts. What could the whistleblower mean for Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk in his fight over a planned $44 billion acquisition of the social media platform? Here are what the experts told Benzinga.

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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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DOL Proposes Significant Amendments to Prominent ERISA Exemption

Harvard Corporate Governance

Posted by Brian Robbins, Erica Rozow, and George Gerstein, Simpson Thacher & Bartlett LLP, on Wednesday, August 24, 2022 Editor's Note: Brian Robbins and Erica Rozow are partners and George Gerstein is senior counsel at Simpson Thacher & Bartlett LLP. This post is based on a Simpson Thacher memorandum by Mr. Robbins, Ms. Rozow, Mr. Gerstein, and Jeanne Annarumma.

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DOJ Wants To Argue In State-Led Facebook Case At DC Circ.

Law 360 M&A

The U.S. Department of Justice is requesting time during oral arguments at the D.C. Circuit to support a contingent of state-level enforcers accusing Facebook's parent company Meta Platforms Inc. of monopolizing personal social networking services through acquisitions and developer restrictions on its platform.

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The Cruciality Of Building Client Intimacy Ahead Of Recession

Law 360 M&A

Attorneys are likely already feeling the pressure that a recession brings to control costs and at least hold the line on top-line growth — but strengthening client relationships through increased communication will ensure continued progress under such conditions, says Dave Southern, a business development and marketing professional.

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Can e-commerce help customs agencies fix old problems?

Mckinsey and Company

Transformations that aim to unlock more opportunities from e-commerce could also help customs agencies tackle issues they’ve long wrestled with, including revenue leakage and illicit goods flows.

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Lisa Johnson, CPA, Gets Inspired by Child Focused Nonprofits

Gross Mendelsohn

With a passion for serving child-focused nonprofits, Lisa Johnson’s enthusiasm for helping those organizations — both here at Gross Mendelsohn and in volunteer roles — is absolutely contagious. I sat down with Lisa to learn more about her nonprofit experience, what energizes her as a volunteer and board member, and the advice she has for nonprofit executive directors.

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Aveva/Schneider: the UK market’s incredible, disappearing tech sector

Financial Times M&A

Interest from the French group has boosted the British software company after its disappointing recent performance

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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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Musk Seeks Fuller Twitter Traffic Data In $44B Buyout Fight

Law 360 M&A

Attorneys for Elon Musk urged Delaware's chancellor on Wednesday to compel Twitter's release of more data about its revenue-producing traffic and user estimates, accusing the social media giant of fielding a "trust us" shield as it seeks to enforce the Tesla CEO's $44 billion take private agreement.

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Amazon to close US telehealth service as it shifts sector ambitions

Financial Times M&A

Tech group seeking more access to corporate employees in bid to gain foothold in $4tn healthcare market

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Farfetch Strikes a Deal to Build a Luxury E-Commerce Giant

NYT M&A

The agreement to buy a big stake in Yoox Net-a-Porter is a step toward consolidation in the online luxury retail industry.

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Schneider Electric explores buyout of UK software developer Aveva

Financial Times M&A

Shares in Cambridge-based group surge on news of French conglomerate’s announcement

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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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Amazon Says It Will Shut Down Amazon Care

NYT M&A

Last month, the company said it planned to acquire One Medical, a much larger competitor to its own health care business.

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Cartier owner Richemont takes €2.7bn hit on sale of ecommerce unit

Financial Times M&A

Activists saw Yoox Net-a-Porter as an unprofitable distraction for Richemont

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‘Dig once’ could help states manage material and worker shortages

Mckinsey and Company

Multiple excavations for infrastructure improvements can be disruptive to the public. Coordinating projects could minimize negative impacts and help states manage supply chain and labor shortages.

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Another brick in the Wall Street as Blackstone eyes Pink Floyd catalogue

Financial Times M&A

Deal through Hipgnosis fund could value songs at as much as $500mn

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Luxury Giant Richemont Sells 51% Stake In Retail Platform

Law 360 M&A

Swiss luxury goods conglomerate Richemont said Wednesday it is selling a 50.7% interest in its Yoox-Net-a-Porter digital sales platform to e-commerce group Farfetch and an Emirati entrepreneur in an all-share deal as it writes down billions in losses on the online retail business.

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How to Calculate Debt Service Coverage Ratio (DSCR)

Midstreet Blog

If you’re thinking about buying a business, you’ve probably started to do some research into the SBA’s 7(a) loan program. You’ve also probably learned that the SBA has some very strict requirements that have to be met before they’ll approve a loan.

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Is Your Company Effectively Managing Tax Risk?

Trout CPA

The concept of “tax risk” is an increasingly important and regular topic of discussion across organizations and in boardrooms, and for good reason. Businesses that operate across state lines or internationally can, in certain cases, trigger tax liabilities in jurisdictions where they do not have a physical presence. In addition, many countries are adopting policies requiring greater transparency in tax and financial reporting, providing tax administrations with more information to raise investig

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ODP Joins The Trend Of Selling Corporate Headquarters; Aims For Cost Cuts

Benzinga

ODP Corp (NASDAQ: ODP ) has entered into a definitive agreement for a sale and partial leaseback of its Boca Raton-based corporate headquarters. The details of the transaction were not disclosed. Upon completion of a sale, ODP expects to lease a portion of the building's office space from the new owner. The. Full story available on Benzinga.com.

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Howard Jonas, IDT To Face Stockholders In $1.2B Del. Trial

Law 360 M&A

A two-part, 10-day trial is slated to open Monday in Delaware's Court of Chancery on class and derivative claims that Straight Path Communications stockholders lost up to $1.2 billion in a series of unfair deals directed by billionaire Howard Jonas.

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Hudson Global Expands In India Via Hunt & Badge Acquisition; Identifies Multiple Synergies

Benzinga

Hudson Global Inc (NASDAQ: HSON ) has acquired Hunt & Badge Consulting Private Limited , an India-headquartered provider of recruitment services to customers operating in India. Financial terms were. Full story available on Benzinga.com.

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State taxes on NFTs are coming

Henry Horne

While everyone may not know exactly what non-fungible tokens (NFTs) are or how they work, it has certainly become a hot button item to discuss, invest in and possibly even create and sell. And now, in a country-wide first, the state of Washington has issued guidance on the taxability of these NFTs. While Washington has … Keep Reading. The post State taxes on NFTs are coming appeared first on Henry+Horne.

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How Long Should an M&A Deal Take?

Quantive

Though no two M&A deals have precisely the same timeline, it is possible to provide a reasonably accurate estimate of the length of time necessary for a deal to close based on a few factors. Whether you are looking to buy or merge with another business or are a business owner interested in selling your […].

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Asia Pacific Used Car Market is Benefitting from Omnichannel Sales and Expected to Cross USD 600 Billion by 2027: Makreo Research

Benzinga

Mumbai, Aug. 24, 2022 (GLOBE NEWSWIRE) -- Asia Pacific is one of the emerging region in the world in terms of economic growth. According to the reports, South Asian Economic Focus, South Asia will continue to have high GDP growth, with growth projected to reach 6.6% in 2022 and 6.6% in 2023, respectively. With the opening of borders and enterprises, economic activity in the region recovered, but supply chain disruptions brought on by the conflict between Russia and Ukraine, growing inflation, lo

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Rio Tinto Sweetens Bid For Turquoise Hill To $3.1B

Law 360 M&A

Rio Tinto Group, advised by McCarthy Tétrault LLP and Sullivan & Cromwell LLP, on Wednesday increased its bid to $3.1 billion for an approximately 49% stake of Turquoise Hill after the Canadian mining company rejected the Anglo-Australian mining giant's previous proposal of $2.7 billion last Monday.

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Flexsteel Industries Stock Pops On 22% Premium Take Over Bid From CSC Generation

Benzinga

Flexsteel Industries Inc (NASDAQ: FLXS ) has received a take-over offer from the technology company CSC Generation Holdings Inc. for $20.80 per share in cash. The offer represents approximately a 22% premium over the. Full story available on Benzinga.com.

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Data Analytics for your restaurant

Henry Horne

When you think of ways to improve your restaurant’s performance, tech and data don’t usually come to mind first, but it should. Your business is awash in data and getting it to work for you will help you set realistic goals, efficiently target your client base, improve internal processes and identify business opportunities. Here’s what … Keep Reading.

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Why Farfetch Stock Is Up 20% Today

Benzinga

Farfetch Ltd (NYSE: FTCH ) shares are trading higher Wednesday after the company announced that it acquired a stake in online fashion retailer YOOX Net-A-Porter (YNAP). Farfetch has acquired a 47.5% stake in YNAP. Symphony Global, one of the investment vehicles of Mohamed Alabbar , has acquired a 3.2% stake in the company. The company also reached an agreement with Richemont.

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Iconic departures all founders can learn from

Vested

JD Rockefeller. Henry Ford. Walt Disney. Bill Gates. Steve Jobs. Mark Zuckerberg. Elon Musk. The image of the CEO and founder may be central to capitalist mythology but they are, in fact, very much the exception to the rule.

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Schneider Electric Explores Acquiring Remaining Stake In Aveva

Benzinga

Schneider Electric SE (OTC: SBGSY ) weighed the complete takeover of U.K.-based software developer Aveva Group Plc (OTC: AVVYY ), the Financial Times reports. The French conglomerate explored scooping the remaining 40% of Aveva that it does not already own. Schneider Electric specializes in digital automation and. Full story available on Benzinga.com.

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SPACs: Are the SEC’s Proposed Rules SPAC Insecticide?

John Jenkins

Here in Ohio, we’re being warned to be on the lookout for the spotted lanternfly. I guess this thing showed up in the U.S. about a decade ago and is becoming quite a problem. So, the official guidance is that if we come across one, we’re supposed to terminate it with extreme prejudice.

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