Thu.Nov 17, 2022

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Exponential Expectations for ESG

Harvard Corporate Governance

Posted by Olwyn Alexander, Dariush Yazdani, PricewaterhouseCoopers LLP, on Thursday, November 17, 2022 Editor's Note: Olwyn Alexander is Global Asset and Wealth Management Leader and Dariush Yazdani is Global Asset and Wealth Management Market Research Centre Leader at PricewaterhouseCoopers LLP. This post is based on their PwC report. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ); and Will Corpora

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The Relationship Between S&P 500 P/E Ratios and US Interest Rates

Value Scope

Download the white paper here. As a follow up to our more comprehensive 2017 paper and 2018 paper , this paper will strictly focus on the historical and current relationship between the S&P 500 P/E Ratio and US Interest Rates, updated to November 2022. The P/E ratio can be described as the ratio between current share price and per-share earnings.

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Can Old Sin Make New Shame? Stock Market Reactions to the Release of Movies Re-Exposing Past Corporate Scandals

Harvard Corporate Governance

Posted by Hui Zhou (Tulane University) , on Thursday, November 17, 2022 Editor's Note: Hui Zhou is a PhD Student at Tulane University. This post is based on a recent paper by Ms. Zhou, Professor Han Jiang , Professor Le (Lexi) Kang, and Professor Ziye Zoe Nie. On November 12, 2019, a movie named Dark Waters was premiered in North American theaters. This widely commended movie revisited a dark history of a chemical firm — DuPont, highlighting the true story of how a tenacious attorney fought agai

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Columbia Law School to Hold 2022 Conference on M&A and Corporate Governance

Reynolds Holding

On December 2, 2022, Columbia Law School will hold its 2022 Conference on Mergers & Acquisitions and Corporate Governance. The event is co-sponsored by the school’s Ira M. Millstein Center for Global Markets and Corporate Ownership, the Columbia Law School Center on Corporate Governance, and the law firm of Paul Hastings LLP. The event brings together members of the federal and Delaware judiciaries, government regulators, academics, and prominent M&A and corporate governance practi

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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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What matters most? Six priorities for CEOs in turbulent times

Mckinsey and Company

With economic troubles mounting, it’s a time to tighten belts and put on hard hats. But don’t forget the jet pack, to accelerate into the next phase of growth.

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Who Pays for Health Coverage During FMLA Leave?

ThomsonReuters

QUESTION: Does our company have to pay for employees’ health coverage while they are on FMLA leave? ANSWER: Your company does not have to pay your employees’ share of health coverage premiums while they are on FMLA leave. However, employers covered by the FMLA (generally, private-sector employers with 50 or more employees and public agencies and local educational agencies with any number of employees) must maintain coverage under any group health plan for the duration of an FMLA leave at the l

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Oil Producer Diamondback Energy Agrees Bolt On Acquisition Focused On Northern Midland Basin

Benzinga

Diamondback Energy Inc (NASDAQ: FANG) has agreed to acquire Lario Permian LLC , a wholly owned subsidiary of Lario Oil & Gas Company , in cash and stock. The deal consideration includes 4.18 million Diamondback shares and $850 million of cash. "Lario is an attractive bolt-on to our existing Martin County position, home to some of the best rock.

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IRS Revises October 2022 Additional Election Change Guidance to Remove Non-Calendar-Year Plan Requirement

ThomsonReuters

IRS Notice 2022-41 (Nov. 8, 2022). Available at [link]. We recently reported on final IRS regulations that change the eligibility standards for an Affordable Care Act (ACA) premium tax credit (PTC) to fix the “family glitch” by providing that, for taxable years beginning after 2022, affordability of employer-sponsored coverage for an employee’s family members is based on the employee’s cost to cover the employee and those family members, rather than the cost of employee-only coverage (see our C

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10 smart moves for real estate investors and operators at year’s end

LaPorte

(authored by RSM US LLP) As we close the books on 2022, RSM’s real estate senior analyst Scott Helberg shares 10 important year-end resolutions for real estate investors to consider. The post 10 smart moves for real estate investors and operators at year’s end first appeared on LaPorte.

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Hasbro Plans Sale Of EOne After Activist Investor Pressure

Law 360 M&A

Toymaker Hasbro Inc. on Thursday announced that it will begin a sale process for part of its television and film business in order to "maximize the value" of the unit for both Hasbro and its shareholders, a move that comes after an activist investor tried to remove members of the company's board earlier this year.

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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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Making everyday products greener

Mckinsey and Company

Transition to greener products may be challenging, but it’s feasible. However, achieving scale will be a significant hurdle in a world where demand for green materials will soon outstrip supply if targets and commitments are taken seriously.

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?????Tenn. AG Probing Ticketmaster Issues In Taylor Swift Presale

Law 360 M&A

Prompted by concerned fans who struggled to get tickets for singer Taylor Swift's upcoming concert tour, Tennessee's attorney general has announced that his office is probing Ticketmaster Entertainment Inc.'s ticketing practices for any consumer protection and antitrust violations.

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Can Shareholder Lawsuits Police Companies’ Climate Disclosures?

Reynolds Holding

In March 2022, the SEC proposed mandatory climate disclosures for public companies. [1] While climate activist investors applauded the proposed rules, opponents lamented their scope and cost, arguing that the SEC lacks the authority to promulgate such rules. But the debate largely overlooked a key point: The success of a climate disclosure regime – mandatory or voluntary – rests on accuracy of the disclosure.

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Top Legal Industry Highlights for November 2022: Law Office Hiring and Expansion, Industry Awards and Recognition, and the Latest Updates in Diversity and Inclusion

National Law Review M&A

Chandler Ford Shelby Garrett Crissonna Tennison Jurisdiction: All Federal Type of Law: Law Office Management Litigation / Trial Practice Mergers & Acquisitions Labor & Employment Special highlight:

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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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2022 Year-End Tax Planning for Individuals

Machen McChesney

With rising interest rates, inflation, and continuing market volatility, tax planning is as essential as ever for taxpayers looking to manage cash flow while paying the least amount of taxes possible over time. As we approach year-end, now is the time for individuals, business owners, and family offices to review their 2022 and 2023 tax situations and identify opportunities for reducing, deferring, or accelerating their tax obligations.

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Wall Street banks fail to find buyers for $2.4bn in Tenneco debt

Financial Times M&A

Investors balk at loan and bond to fund Apollo buyout of car parts maker as hung deals pile up

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Deals Rumor Mill: Binance, SBF, Forbes Media

Law 360 M&A

Binance is relaunching efforts to buy bankrupt crypto lender Voyager, FTX founder Sam Bankman-Fried is attempting to raise money from investors despite the company's bankruptcy filing, and Forbes Media is looking to sell itself for about $800 million to a consortium of investors. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.

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IRS Announces Annual PCOR Fee Adjustment

ThomsonReuters

IRS Notice 2022-59 (Nov. 14, 2022). Available at [link]. The IRS has announced the annual increase in Patient-Centered Outcomes Research (PCOR) fees that must be paid by health insurers and self-insured health plan sponsors. PCOR fees were established by the Affordable Care Act (ACA) and are used to support clinical effectiveness research. Because the ACA provision included an expiration date, PCOR fees originally were collected only for plan years ending before October 1, 2019.

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Insider-Trading Stock Whiz Who Dodged Taxes Avoids Prison

Law 360 M&A

A Brooklyn federal judge on Thursday allowed a New York City stock-trading expert to avoid prison for insider trading and an attempted tax dodge, citing the defendant's rough childhood in turning aside a request by prosecutors for a three-year sentence.

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Preparing the world for zero-emission trucks

Mckinsey and Company

The mainstay vehicles of commercial road transport will soon benefit from cost-effective, zero-emission horsepower.

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Masayoshi Son’s $4.7bn ‘IOU’ to SoftBank

Financial Times M&A

Plus, new jaw-dropping details from FTX’s bankruptcy and Philippe Laffont talks to the FT about the market sell-off

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The Garden State in bloom: Cultivating New Jersey’s workforce of tomorrow

Mckinsey and Company

Total employment in New Jersey has rebounded to prepandemic levels but the state faces a talent shortage in selected occupations. A comprehensive talent strategy could unlock the full potential of New Jersey’s economy for all of its residents.

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European defence: Franco-German jet alliance gets a new boost

Financial Times M&A

Pooling resources will be necessary when up against US behemoth Lockheed Martin

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The snap back of travel: Airlines’ ability to keep pace

Mckinsey and Company

Summer travel in 2022 was filled with crowded airports, delayed flights, and unhappy customers—but airlines can turn the situation around and build greater capacity for the future.

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How to Value a Startup: A Quick Guide for SaaS Founders

Lighter Capital

Determining your startup’s valuation is one of the more difficult tasks you’ll face as a founder. Getting it right can set the stage for successful fundraising rounds and exits. Getting it wrong can cost you equity and diminish future capital investments — and in some cases it could lead your startup to fail. Assessing the value of your company is both an art and a science, which can make the process downright confusing and leave you feeling uncertain about a highly visible KPI.

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Rio Tinto Ends $3.3M Deal With Dissenting Miner's Investors

Law 360 M&A

Rio Tinto PLC said on Friday that it has terminated agreements with two minority shareholders that oppose its $3.3 million buyout of Canadian mineral exploration company Turquoise Hill, creating uncertainty about the progress of the deal.

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Mercer Capital Welcomes Derek P. Smith to the Team

Auto Dealer Valuation Insights

Mercer Capital welcomes Mr. Derek Smith to our team as a Financial Analyst. Mr. Smith joins our Houston, Texas office. He holds a Bachelor of Science degree in Finance from Louisiana State University in Baton Rouge, LA. In his capacity as a financial analyst, he provides business valuation and financial consulting services to public and private companies and financial institutions across the.

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Akin Gump Gets Green Light To Represent Endo Claimants

Law 360 M&A

A New York federal bankruptcy judge granted Endo International opioid claimants' bid to retain Akin Gump Strauss Hauer & Feld LLP attorneys in ongoing Chapter 11 proceedings, finding that U.S. Trustee's Office objections have been resolved, according to a filing entered Thursday.

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Exit Strategies Group Advises Neff Power in Successful Sale

Exit Strategy

Exit Strategies Group, Inc. is pleased to announce that it recently served as exclusive M&A Advisor to St. Louis based automation solution provider Neff Power, Inc. on their successful acquisition by GCG, a portfolio company of private equity firm Audax Group. Deal terms were not disclosed. Founded in 1965, Neff Power is a fast-growing industrial […].

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Five Firms Brought Home 'Historic' $1B Dell Deal In Chancery

Law 360 M&A

Quinn Emanuel, Labaton Sucharow, Robbins Geller, Friedman Oster and Andrews & Springer chalked up a record team win Wednesday with a $1 billion Delaware Chancery Court cash settlement experts say is a "historic" result that aims to end a four-year battle over a $24 billion Dell Technologies stock swap and recapitalization.

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The Rising Cost of IRS Non-Compliance

Trout CPA

Written by Michael Carr, CPA. We are in a period of rising interest rates. From March 2021 until April 2022, the federal government kept its interest rate low, floating close to 0%. However, since April 2022, the federal government has steadily increased its interest rate to 3%, with an anticipated increase to 4.25 – 4.5% by the end of 2022. Due to this increase, taxpayers need to be aware of the penalties and interest assessments associated with not making their quarterly estimate payments or n

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Parris and Tobermann Speaking at the TSCPA Memphis Chapter November 2022 Meeting

Auto Dealer Valuation Insights

Lucas M. Parris, CFA, ASA-BV/IA, and William C. Tobermann, CFA are speaking at the upcoming Memphis Chapter Tennessee Society of CPAs November Meeting 2022 at Hilton Memphis in Memphis, Tennessee on November 29, 2022. Parris and Tobermann will address “Business Valuation and the Insurance Industry.” This session dives into the process and methodologies used in a valuation and the situations that.

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Cherish van Mullem Named Women of the Year Honoree

LaPorte

LaPorte Tax Director Cherish van Mullem, CPA, JD, LLM, has been selected as one of the honorees of the 2022 Women of the Year award… The post Cherish van Mullem Named Women of the Year Honoree first appeared on LaPorte.

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Final regulations for Corporate Transparency Act

Henry Horne

On September 29, 2022, the Financial Crimes Enforcement Network (FinCEN) issued final regulations to the Corporate Transparency Act (CTA). As detailed here Don’t miss: Estates allowed to request late portability election for five years The CTA requires corporations, LLCs and other companies to report beneficial owner information on entities organized or doing business in the … Keep Reading.

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