Tue.Sep 13, 2022

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SEC Releases Final Rules Regarding Pay-Versus-Performance (PVP) Disclosures

Harvard Corporate Governance

Posted by Ira Kay and Mike Kesner, Pay Governance LLC, on Tuesday, September 13, 2022 Editor's Note: Ira T. Kay is Managing Partner and Mike Kesner is Partner at Pay Governance LLC. This post is based on their Pay Governance memorandum. Related research from the Program on Corporate Governance includes Paying for Long-Term Performance (discussed on the Forum here ) by Lucian Bebchuk and Jesse Fried.

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How Europe’s CPG leaders can navigate inflation

Mckinsey and Company

With inflation persisting, consumer-packaged-goods manufacturers can’t rely on the strategies that got them through the past two years. It’s time for a reset.

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Enhanced ESG Disclosures for Investment Funds and Advisers: A Comment from BlackRock

Harvard Corporate Governance

Posted by Paul Bodnar and Elizabeth Kent, BlackRock, Inc., on Tuesday, September 13, 2022 Editor's Note: Paul Bodnar is Global Head of Sustainable Investing and Elizabeth Kent is a Managing Director at BlackRock, Inc. This post is based on a comment letter by BlackRock submitted to the U.S. Securities and Exchange Commission regarding the proposed rules on ESG disclosures for investm ent funds and advisers.

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Twitter Shareholders Vote To Approve Buyout By Elon Musk: What Investors Should Know And What's Next

Benzinga

The latest step in the ongoing Twitter buyout saga was completed Tuesday. Here’s the latest in the battle between social media platform Twitter Inc (NYSE: TWTR ) and Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk. What Happened: Twitter shareholders voted to approve a $44 billion buyout from Musk. The vote is the latest step in a battle between Twitter and Musk to force him to complete his proposed buyout from April that valued Twitter at $54.20 per share.

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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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The McKinsey Crossword: Quite Clever | No. 93

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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Elon Musk's Takeover Set To Get Twitter Shareholder Approval By 'Wide Margin' Today: Report

Benzinga

Shareholders of Twitter Inc (NYSE: TWTR ) are likely to approve the $44 billion takeover led by Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk — a proposal the billionaire entrepreneur is no longer keen on seeing through. What Happened: Early trends indicate investors approving the deal by a wide margin, according to a Wall Street Journal report , which cited people familiar with the matter.

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Skybridge Capital Founder Anthony Scaramucci Breaks Down The Juicy Details Of The FTX Deal

Benzinga

FTX and Skybridge Capital announced last Friday that FTX acquired a 30% stake in Skybridge, an asset-management company led by Anthony Scaramucci. On Monday, Scaramucci gave more details on the deal at SALT New York. What Happened: Skybridge currently holds around $2.8 billion in assets under management. According to Scaramucci, the firm plans to deploy capital raised from the FTX transaction to purchase more crypto assets.

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Understanding the Company-Specific Risk Premium: A Guide for Attorneys

Gross Mendelsohn

Whether it’s part of a contentious divorce hearing or to assist a client in selling their business, a valuation is extremely important in determining the value of a business. Understanding risk factors is essential in determining how a business will be valued. Let’s consider what your business-owning clients need to know about company-specific risks and how they come into play when it’s time for a business valuation.

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EXCLUSIVE: Cresco Labs CEO Charlie Bachtell Says Columbia Care Acquisition Expands Retail Footprint

Benzinga

Cresco Labs Inc (OTCMKTS: CRLBF ) recently announced plans to acquire Columbia Care Inc (OTCMKTS: CCHWF ), marking another round of industrial consolidation in the cannabis sector. Cresco CEO Charlie Bachtell , a keynote speaker at the 2022 Benzinga Cannabis Capital Conference , said on Tuesday that the acquisition is imperative to its strategic rapid footprint, as Cresco now has a presence in 18 markets.

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Does Your BCP Have a BCP?

N Contracts

They say when it rains, it pours—and when it comes to business continuity planning, that’s often the case. I’m not talking about flash flooding in Las Vegas and other parts of the country (though that’s a very literal interpretation). I’m talking about how natural disasters and other emergencies have a way of stacking up. It’s the extreme heat, droughts, and wildfires in some parts of the country that lead to rolling blackouts and power outages.

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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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Aptiv Broadens Portfolio Of High-Voltage System Solutions Via Acquisition Of This Italian Company

Benzinga

Aptiv PLC (NYSE: APTV ) said it has entered into a definitive agreement to acquire an 85% equity stake in Intercable Automotive Solutions, a subsidiary of Intercable S.r.l., for €595 million. The Mutschlechner family, who founded Intercable in 1972, will retain a 15% ownership interest in the business. Based in Italy, Intercable Automotive Solutions specializes.

Equity 98
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Grindr names new top team as it prepares to go public in Spac deal

Financial Times M&A

George Arison, founder of online car sales group Shift, to become gay dating app’s chief executive

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Customer experience in Romania

Mckinsey and Company

The latest Customer Experience Survey confirms that Romanian companies are still not differentiating from the perspective of experience offered to their customers. But are leaders emerging?

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UBS to lift dividend and beat share buyback target

Financial Times M&A

Swiss bank to lift shareholder returns days after pulling out of deal to buy fintech Wealthfront

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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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AI Market Size to Reach USD 1394.30 Billion by 2029

Benzinga

Pune, India, Sept. 13, 2022 (GLOBE NEWSWIRE) -- The global AI market size is projected to grow from USD 387.45 billion in 2022 to USD 1394.30 billion in 2029 at a CAGR of 20.1% in the forecast period. Growing investment in AI technology by enterprises of all sizes across industries to garner momentum in the next several years. Fortune Business Insights™ published this information in its recent report, titled "Artificial Intelligence Market Forecast, 2022-2029.

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Why digital trust truly matters

Mckinsey and Company

Consumer faith in cybersecurity, data privacy, and responsible AI hinges on what companies do today—and establishing this digital trust just might lead to business growth.

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Hemisphere Media Investor Seeks Records In 'Unfair' Deal

Law 360 M&A

A shareholder in Florida-based Hemisphere Media Group Inc. filed a suit in Delaware Chancery Court seeking to inspect financial records to investigate possible wrongdoing and breach of duty stemming from a deal between board members and financial advisers to lower stock prices in a bid to take the company private.

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Separating Your Business From Its Real Estate

Machen McChesney

Does your business need real estate to conduct operations? Or does it otherwise hold property and put the title in the name of the business? You may want to rethink this approach. Any short-term benefits may be outweighed by the tax, liability, and estate planning advantages of separating real estate ownership from the business.

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Twitter Security Gaps Lingered For Years, Whistleblower Says

Law 360 M&A

A former top security executive at Twitter who filed a whistleblower complaint over the company's data practices told senators on Tuesday that the social media giant has substandard data privacy and security measures that left users' data and national security vulnerable to malicious actions.

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Where the world’s largest companies stand on nature

Mckinsey and Company

While Global 500 companies increasingly recognize the importance of nature, few companies have established nature-related commitments outside of carbon.

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Nike – worth an investment?

Valutico

Nike Inc. Weekly Valuation – Valutico | 13 September 2022. NIKE Inc. is a US sports equipment manufacturer that is one of the world’s best-known suppliers in the industry. Its business activities focus on the design, development and distribution of high-quality sports equipment. With a turnover of $46.7 billion, Nike most recently generated an annual net profit of $6.05 billion.

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Life and risk management are both complicated.

Norman Marks

The world in which we live is turbulent, with so much happening all the time. That applies to our business as well as our personal lives. Naturally, we try to simplify the complex. Hard to survive otherwise! Our brains are (at least for most of us) unable to fully grasp everything that is happening, so […].

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Taking Fraud Seriously: Practical Steps to Counter Corruption

Audit Board

With a new report from the Chartered IIA and AuditBoard telling us fraud is on the rise , we should be asking why and mustering our counter-offensives. Organisations lose an average of 5% in revenue annually to fraud, a total approaching £200bn for the UK alone, not to mention the reputational and related impacts. At a human level, it is the crime to which more of us are likely to fall victim than any other. .

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Locke Lord Hires Project Finance Pro From Dorsey & Whitney

Law 360 M&A

Locke Lord LLP added an attorney from Dorsey & Whitney LLP as a partner in the real estate and finance practice group and renewable energy section at its New York office, the firm announced this week.

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What Should We Do About Estate Taxes?

Auto Dealer Valuation Insights

“Ohana” means family…family means nobody gets left behind or forgotten. Lilo & Stitch, the Disney film about a family and an alien, taught us this just over 20 years ago. This is especially true in a family business as family business directors need to work together to ensure they are moving forward together, as a business and more importantly, as a family.

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Williams Mullen Adds 2 Partners In North Virginia Office

Law 360 M&A

Williams Mullen has added two partners to its northern Virginia office: a corporate partner and a partner returning to Williams Mullen after working 10 years at other firms who will now chair its antitrust practice, the firm said Monday.

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The 10 Most Commonly Used Classical Candlestick Patterns In Forex Trading

Financial Analyst Insider

For the analysis of financial assets, traders employ a variety of approaches and procedures. For example, while some traders choose to use technical analysis to. The post The 10 Most Commonly Used Classical Candlestick Patterns In Forex Trading appeared first on Financial Analyst Insider.

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Managing compliance risks

Henry Horne

For many, managing compliance risks can seem like a daunting task. As such, here are some tips to consider when evaluating your approach to compliance risks management. Don’t miss: Materiality in accounting Begin With a Risk Assessment Compliance risks can’t be managed if you aren’t aware of your actual risks. Without assessing your risks compliance … Keep Reading.

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Why Unity Software Stock Is Falling Today

Benzinga

Unity Software Inc (NYSE: U ) shares are trading lower Tuesday after AppLovin Corp (NASDAQ: APP ) announced that it doesn't intend to submit another proposal to combine with the company. Furthermore, Applovin has withdrawn its previous proposal. AppLovin said it saw potential in combining its business model and machine-learning capabilities with Unity's Create platform.

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Restaurant tax strategies your generalist CPA may be missing

Henry Horne

There’s a lot a generalist CPA can do for your restaurant business. But at the same time, there’s a lot more to be gained by working with a CPA who specializes in restaurant tax and accounting. If you’re not working with a restaurant accounting specialist, you could be missing out on some key credits, deductions, … Keep Reading. The post Restaurant tax strategies your generalist CPA may be missing appeared first on Henry+Horne.

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Businesses: How to Get the Bank Financing You Need in 2022

Concannon Miller

Business borrowers aren't just facing higher interest rates today. The terms of new loans have also become more restrictive. Nearly a quarter of senior loan officers reported tighter standards for commercial and industrial loans in the Federal Reserve's second-quarter survey on bank lending practices. As banks rein in their lending practices, it's important for business owners to put their best foot forward when they apply for credit.

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Time running out on COVID IRS penalty relief

Henry Horne

Hopefully COVID is at least waning and as it does, COVID relief provided through the IRS will be waning as well. Like COVID, such relief from IRS isn’t over quite yet, but the deadline for COVID IRS penalty relief is closing in fast. Don’t miss: Closing your business for good On August 24, 2022, IRS … Keep Reading. The post Time running out on COVID IRS penalty relief appeared first on Henry+Horne.

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KKR Scraps A$14.5B Takeover Bid Of Australia's Ramsay Health Care

Benzinga

Talks regarding KKR & Co (NYSE: KKR )-led consortium buying Australian hospital operator Ramsay Health Care Ltd (OTC: RMSYF ) (OTC: RMYHY ) have fallen apart. The consortium sent a letter reconfirming it would not offer A$88 a share and could not increase its alternative proposal. In April this year, a KKR -led consortium offered to buy Ramsay Health Care Ltd for roughly $14.9 billion.

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Baker Donelson Grows Presence In Carolinas With New Office

Law 360 M&A

Baker Donelson Bearman Caldwell & Berkowitz PC announced that it is increasing its presence in the Carolinas with the launch of a new office in Charleston, South Carolina.

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