Wed.Nov 09, 2022

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Practical takeaways of universal proxy card

Harvard Corporate Governance

Posted by Louis L. Goldberg, William H. Aaronson, and Ning Chiu, Davis Polk & Wardwell LLP, on Wednesday, November 9, 2022 Editor's Note: Louis L. Goldberg , William H. Aaronson , and Ning Chiu are Partners at Davis Polk & Wardwell LLP. This post is based on their Davis Polk memorandum. Related research from the Program on Corporate Governance includes Universal Proxies (discussed on the Forum here ) by Scott Hirst.

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Scaling up: How founder CEOs and teams can go beyond aspiration to ascent

Mckinsey and Company

For many start-ups, the challenge is no longer about securing capital—it’s about learning how to restructure themselves as fast as their products or organizations can evolve.

Start-ups 114
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SEC Pay Versus Performance Disclosure Requirements: Initial Observations

Harvard Corporate Governance

Posted by Jordan Lute, Maria Vu, Glass, Lewis & Co, on Wednesday, November 9, 2022 Editor's Note: Jordan Lute is a Research Analyst and Maria Vu is a Senior Director of Compensation Research at Glass, Lewis & Co. This post is based on their Glass Lewis memorandum. Related research from the Program on Corporate Governance includes Paying for long-term performance (discussed on the Forum here ); and Pay without Performance: The Unfulfilled Promise of Executive Compensation both by Lucian

Equity 215
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Binance Drops FTX Acquisition, Cryptos Trade Deep In The Red: 'The Issues Are Beyond Our Control'

Benzinga

Binance walked away from a deal to acquire FTX.com Wednesday after examining the company’s financials. The decision comes as a result of due diligence, as well as reports of mishandled customer funds and U.S. regulatory investigations , the crypto exchange said in a statement posted in a series of tweets. “Our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help,” Binance said.

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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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Do Diverse Directors Influence DEI Outcomes?

Harvard Corporate Governance

Posted by Joseph Pacelli (Harvard Business School), on Wednesday, November 9, 2022 Editor's Note: Joseph Pacelli is Associate Professor at Harvard Business School. This post is based on a recent paper by Professor Pacelli, Professor Wei Cai , Professor Aiyesha Dey , Professor Jillian Grennan , and Professor Lin Qiu. Related research from the Program on Corporate Governance includes Politics and Gender in the Executive Suite (discussed on the Forum here ) by Alma Cohen, Moshe Hazan, and David

Equity 207
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PolarityTE Shares Jump After Non-Binding Buyout Offer Of $1.25/Share

Benzinga

PolarityTE Inc (NASDAQ: PTE ) shares are surging after it received an unsolicited, non-binding offer (followed by an amended offer) from Michael Brauser to acquire all of the outstanding common stock of the company not owned by him for $1.25 per share in cash. The company's board and a special committee will carefully review the terms and conditions of the.

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The Fall of FTX’s Sam Bankman-Fried Puts Crypto Industry on Edge

NYT M&A

The rapid collapse of FTX, built by the billionaire Sam Bankman-Fried, suggests that no company in the freewheeling, loosely regulated crypto industry is safe.

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Net-zero heat: Long-duration energy storage to accelerate energy system decarbonization

Mckinsey and Company

Thermal energy storage has the potential to greatly contribute to decarbonizing global heat and power, while helping to ensure the energy system operates affordably, reliably, and efficiently.

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Keurig Dr Pepper Invests $50 Million in Athletic Nonalcoholic Brewer

NYT M&A

The deal is a sign of continued interest in the fast-growing category of nonalcoholic beer, which jumped to about $670 million in annual sales in 2021.

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Reap the Benefits of QuickBooks Software Solutions

Machen McChesney

Bookkeeping is essential to running a business. QuickBooks® is one of the most popular software programs for this purpose because it offers numerous features that other programs may not have.

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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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Sales & Trading Exit Opportunities: The Top 10 Ways to Make Your Escape

Brian DeChesare

As everyone debates whether sales & trading is “dying,” they often lose sight of sales & trading exit opportunities. But even if these rumors are exaggerated, you still probably want to know what happens if you join a sales or trading desk and decide to leave. And if the industry is dying, ironically, the exit opportunities are even more important because you’ll need an escape route ASAP.

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How to make investments in start-ups pay off

Mckinsey and Company

Both large corporations and start-ups have much to gain from collaboration, but corporate venture capital investments need a clear strategy, focus, and operating model.

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Standing to Challenge: Will the Australian Courts Continue to Assist Aggrieved Stakeholders as the Economic Uncertainty Remains?

National Law Review M&A

Masi Zaki Kate Spratt Jurisdiction: Australia Type of Law: Bankruptcy & Restructuring Corporate & Business Organizations Mergers & Acquisitions Global Special highlight:

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Looking ahead to the next decade of accountability for care delivery

Mckinsey and Company

One year ago, the Center for Medicare & Medicaid Innovation outlined five strategic objectives that signaled its priorities for the decade ahead. We examine the objectives and progress to date.

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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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4 Key Skills For An Effective Attorney Coaching Conversation

Law 360 M&A

As BigLaw firms are increasingly offering internal coaching as one of many talent strategies to stem ongoing lawyer attrition, Stacey Schwartz at Katten discusses how coaches can help attorneys achieve their goals.

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Germany blocks another Chinese acquisition of a chip company

Financial Times M&A

Move a further sign of Berlin’s tougher approach to protecting its high-tech sector

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Buy-Sell Agreements: They May Be a Business Partner’s Best Friend

National Law Review M&A

Shae Armstrong Jurisdiction: All Federal Type of Law: Corporate & Business Organizations Mergers & Acquisitions Special highlight:

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Binance ditches deal to rescue rival crypto exchange FTX

Financial Times M&A

Reversal comes after due diligence revealed concerns over business practices

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Germany Blocks 2 Foreign Investment Deals, Taking a Firmer Line on China

NYT M&A

The decision to bar a Chinese-owned firm from acquiring a domestic semiconductor maker comes as Germany reappraises ties to its giant trading partner.

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Vodafone sells masts unit stake to Saudi-backed PE consortium

Financial Times M&A

KKR and Global Infrastructure Partners will ‘co-control’ towers business with telecoms group

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Could FTX’s Collapse Signal Even Tougher Times for Crypto? Here’s What to Know.

NYT M&A

Here’s how to make sense of the industry-shaking collapse of FTX.

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Brookfield and EIG bid $12bn for Australia’s Origin Energy

Financial Times M&A

Acquirers plan to split retail energy supply and gas businesses between them

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Logistics Disruptors: Plus CEO David Liu on why AI should take the wheel in the trucking industry

Mckinsey and Company

David Liu on Plus’s road map to roll out autonomous trucks and the roadblocks that stand in their way.

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Understanding ESOP Valuation and Why it is Important

RNC

Organisations resort to many methods to hold back their employees in a time of crisis. They may be faced with employees leaving them. In an attempt to retain employees or as a general way of awarding deserving employees, organisations consider ESOP a valid option. Simply put, ESOP or an employee stock ownership plan is stock ownership that employees can have.

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Advantages and Disadvantages of Cloud-Based ERP Systems | Meaden & Moore

Meade & Moore

Cloud-based enterprise resource planning (ERP) systems are simply a suite of ERP applications delivered to users over the Internet, usually accessed via a standard web browser. While these systems share most of the same features as “on-premise” ERP systems (ERP software that runs on in-house servers), there are several critical areas we discuss with our clients when considering the advantages and disadvantages of purchasing a cloud-based ERP vs. on-premise systems.

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Forbes For Sale? Mystery Buyers On Tap To Purchase Media Company After Failed SPAC

Benzinga

At the beginning of 2022, Forbes looked like it would be part of the SPAC wave, planning to go public via a merger with Magnum Opus Acquisition Ltd. (NASDAQ: OPA ). Even Binance, which has been particularly busy the past few days with FTX, was on board then with a $200-million strategic investment before the deal's public debut, which would have made Binance one of the top two biggest owners of Forbes.

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Marsh & McLennan Agency Principal Talks D&O Softening

Law 360 M&A

Michele Comtois, principal of Marsh & McLennan Agency's executive liability practice, recently spoke with Law360 about how policyholders and carriers are reacting to the new realities of the directors and officers liability insurance market.

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Benchmark International Successfully Facilitated a Transaction Between Paramount Urgent Care, Inc. and HCA Healthcare.

Benchmark Report

Benchmark International has successfully facilitated a transaction between Florida-based Paramount Urgent Care, Inc. (“Paramount”) and HCA Healthcare, headquartered in Nashville, TN. Paramount operates six urgent care clinics in Central Florida, with locations in Clermont, The Villages, Oviedo, Orlando, Casselberry, and Windemere Villages.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Tweet. Why many are turning to a new service to protect against economic headwinds and a potential downturn. By Warren H. Morss, ASA, GIA GG. 2023 is shaping up to be a pivotal year for retail jewelers. While experts argue on the certainty of a recession, consumers are dealing with stormy inflation levels not seen for the past 40 years. Essentials, like food, gas, utilities and housing are taking precedent over discretionary spending, including gems and jewelry purchases.

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Arizona and PTET

Henry Horne

Previously, we had mentioned, in general terms, what PTET (pass-through entity tax) is. Now, I want to discuss some of the oddities that apply to the Arizona PTET. Don’t miss: What is PTET? As previously, mentioned there are versions of PTET tax in 22 states. But since we are based in Arizona, I am going to … Keep Reading. The post Arizona and PTET appeared first on Henry+Horne.

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Who Else Will Buy Sam Bankman-Fried's FTX If Binance Bails?

Benzinga

After less than a day of assessing the company, cryptocurrency exchange Binance is reportedly unlikely to proceed with an acquisition of rival FTX. Due diligence was a condition of Binance's non-binding letter of intent for the acquisition, which was made public on Tuesday. If Binance backs out, who could buy FTX? Yoni Assia, for one — the founder and CEO of eToro.

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Gibson Dunn Adds Kirkland Partner In DC

Law 360 M&A

A longtime Kirkland & Ellis LLP attorney has taken her business restructuring and reorganization-focused practice to Gibson Dunn & Crutcher LLP's Washington, D.C., office, the firm said Tuesday.

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Benchmark International Ranked in Factset’s Global League Tables

Benchmark Report

Benchmark International is pleased to announce that it has ranked in FactSet’s Flashwire Advisor league tables for the number of deals it has conducted in the UK, Europe and globally in Q3. In the UK, Benchmark has placed 8th, among companies such as BDO, Grant Thornton, KPMG, and PwC. Meanwhile, for Europe, Benchmark has placed 23 rd , and has ranked 40 th globally.

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Tilray Brands Scoops Up Craft Brewer Montauk In Acquisition

Law 360 M&A

Worldwide cannabis company Tilray Brands says it is continuing to expand its American alcohol beverage network with the acquisition of beer producer Montauk Brewing, of Montauk, New York.

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