June, 2023

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The Rise of International ESG Disclosure Standards

Harvard Corporate Governance

Posted by David A. Cifrino, McDermott Will & Emery LLP, on Thursday, June 29, 2023 Editor's Note: David A. Cifrino is Counsel at McDermott Will & Emery LLP. This post is based on his MWE memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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Unleashing developer productivity with generative AI

Mckinsey and Company

A McKinsey study shows that software developers can complete coding tasks up to twice as fast with generative AI. Four actions can maximize productivity and minimize risks.

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AI's Winners, Losers and Wannabes: An NVIDIA Valuation, with the AI Boost!

Musings on Markets

I will start this post with a couple of confessions. The first is that my portfolio has held up well this year, in a market that has been top-heavy and tech-driven, and one big reason is that it contains both NVIDIA and Microsoft, two companies that have benefited from the AI story. The second is that much as I would like to claim credit for foresight and forward thinking, AI was not even a speck in my imagination when I bought these stocks (Microsoft in 2014 and NVIDIA in 2018).

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Six Glazer siblings to retain Man Utd stakes under Ratcliffe offer

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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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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Tilray's HEXO Acquisition Creates Canada's Top Cannabis Company With 44% Market Share Boost

Benzinga

Tilray (NASDAQ: TLRY ) is making bold moves to secure a profitable future, and its latest acquisition of HEXO Corp. (NASDAQ: HEXO ) has solidified its position as Canada's top cannabis company with a 44% market share boost, expanding its market share by 467 basis points. Despite a challenging market, the strategic combination of Tilray and HEXO is expected to drive revenue growth and create significant opportunities for increased margins and earnings, with projected annualized cost savings o

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Investment Banking in Dubai: The New York of the Middle East?

Brian DeChesare

Investment banking in Dubai stands out for attracting remarkable hype on social media. You’ll find influencers on Instagram, TikTok, LinkedIn, and other sites constantly praising Dubai and claiming it’s the best place to work or start a business. It’s almost like the city has its own PR department and never-ending marketing campaign. If you’re interested in the Middle East or have connections to the region, all this hype has probably made you wonder about finance careers there.

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Unlocking commerce in the metaverse

Mckinsey and Company

Consumers already know what they want at the intersection of virtual and physical retail. It’s up to companies to evolve their strategies to capture growth and long-term value.

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Are accounting firms keeping remote work positions?

ThomsonReuters

Many of today’s accounting professionals have a new perspective on when and how they want to work. Are firms heeding the call? The onset of the COVID-19 pandemic forced countless businesses, including accounting firms, to go remote essentially overnight due to mandated shutdowns and stay-at-home orders. Now with the public health emergency officially over , the shift to more remote work has become the new normal.

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Qataris make final bid in battle for Manchester United

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Exploring The Advantages Of Vertical Integration

Benchmark Report

Vertical Integration Vertical integration is a strategy that involves a company expanding its operations into other stages of its supply chain. This means that a company takes control of its suppliers, distributors, or both. Vertical integration can be achieved in two ways, either through backward integration or forward integration.

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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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Trump SPAC Deal Marred By Insider Trading Charges Against 3 Investors: Here Are The Details

Benzinga

A SPAC merger linked to the media arm of former President Donald Trump has several parties being investigated for insider trading. The SPAC merger has faced many setbacks since being announced in October 2021. What Happened: A merger between Donald Trump’s Trump Media & Technology Group and Digital World Acquisition Corporation (NASDAQ: DWAC ) has seen several delays in its approval and merger vote date since it was announced.

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How Effective Is SEC Rule 10b5-1 In Deterring Insider Trading?

Harvard Corporate Governance

Posted by Eliezer M. Fich (Drexel University), Robert Parrino (University of Texas at Austin), and Anh L. Tran (City University of London) , on Thursday, June 22, 2023 Editor's Note: Eliezer M. Fich is Professor of Finance at Drexel University LeBow College of Business, Robert Parrino is Professor of Finance at the University of Texas at Austin, and Anh L.

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HR rewired: An end-to-end approach to attracting and retaining top tech talent

Mckinsey and Company

Technology companies are shedding the very talent that incumbent players need to meet their own digital objectives. Here’s what HR teams in traditional organizations can do to capitalize.

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Staying up to speed with artificial intelligence in accounting

ThomsonReuters

Artificial intelligence (AI) has proven that it is a far cry from just a buzzword. Over the years, AI in accounting has increasingly gained traction and, going forward, it will continue to transform the tax and accounting profession. Is your firm ready? Like many industries, the accounting profession is exploring how AI can improve efficiencies and help strained firms better serve clients.

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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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The Law360 400: Tracking The Largest US Law Firms

Law 360 M&A

The war for talent raged on into 2022 even as business in some areas began to slow, with law firms bolstering their ranks as well as their strategies for weathering the economic headwinds.

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Finish Strong: AI Coach Can Supercharge Your Quarterly Plan

Rhythm Systems

If you haven’t already held your planning session for the coming quarter, consider this your friendly nudge to get it scheduled as soon as possible. Despite how the first half of the year has gone for your team, now’s the time to empower your team to finish out the second half of 2023 strong.

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When Giants Stumble: A Detailed Analysis Of Microsoft's Unexpected 6% Slump After Soaring To A Historic High Of $349

Benzinga

Microsoft's bold $69 billion bid to acquire gaming giant Activision Blizzard has sparked a legal battle with the United States Federal Trade Commission (FTC), which argues that this merger could hinder competition in the online gaming market. Parallel to this legal conflict, Microsoft's stock price is wrestling with the $350 mark, a resistance level that has stood firm since November 2021.

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Congressional Sustainable Investing Caucus

Harvard Corporate Governance

Posted by U.S. Representative Sean Casten (IL-06), and U.S. Representative Juan Vargas (CA-52), on Tuesday, June 13, 2023 Editor's Note: U.S. Representative Sean Casten (IL-06), and U.S. Representative Juan Vargas (CA-52) are members of the House Financial Services Committee. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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Getting a read on the state of organizations

Mckinsey and Company

A new McKinsey report reveals how organizations are faring in a post-COVID-19 world. Here, two of its coauthors offer suggestions for managing through the uncertainty.

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An amazing lady who succeeded in a male-dominated world

Norman Marks

This is the story of a lady who: Saw her parents lose their home and have to rely on relatives for shelter and for work. Was raised as a Jewish woman in pre-war North London at a time of rabid anti-Semitism.

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Creating Successful Company Offsites — Location Is Everything

Lighter Capital

In March 2020, Lighter Capital's entire team transitioned from a decade of working in a traditional office in Seattle to embracing the remote-only model. Today, the team is spread across four continents and nine countries and our clients span across the U.S. and Australia. In this ever-evolving landscape of remote and hybrid work, Lighter Capital has actively sought innovative ways to foster team building, inspire creativity, and solidify its goals and strategies.

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Why ChatGPT Can't Write Your Annual Plan (and How Rhythm Systems Can)

Rhythm Systems

Many people are turning to artificial intelligence tools to get the job done regarding content writing. One such tool is ChatGPT, a general-purpose chatbot that claims to assist with a wide range of tasks, including creating social media posts, generating blog ideas, and even writing entire marketing plans.

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Details Of Manchester United's Imminent Sale Expected Pre-Q3 Earnings: Implications For Team And Investors

Benzinga

Manchester United PLC (NYSE: MANU ) is about to get sold. What Happened : "The results [of the sale] from a bidder perspective will already be known" by the time the football club reports earnings on June 27 , an M&A advisor tells Benzinga. The likely winner of the Manchester auction is Sheikh Jassim bin Hamad Al Thani of Qatar, who reportedly made a final bid earlier this month.

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The SEC’s Climate Change Disclosure Rules are in Double Constitutional Trouble

Harvard Corporate Governance

Posted by Donald J. Kochan (George Mason University), on Monday, June 19, 2023 Editor's Note: Donald J. Kochan is a Professor of Law and the Executive Director of the Law & Economics Center at George Mason University’s Antonin Scalia Law School. This post is based on his recent piece. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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Generative AI and the future of HR

Mckinsey and Company

A chatbot may not take your job—but it will almost certainly change it. Here’s how to start thinking about putting gen AI to work for you.

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Benchmark International successfully facilitated the transaction between eLogger and Vogl Ventures

Benchmark Report

Benchmark International is pleased to announce Vogl Venture's acquisition of eLogger. eLogger is an innovative software developer focused on providing electronic logbook solutions for electric utilities, water utilities, oil & gas companies, and other industrial operations. Founder Ron Vogl has decades of experience wearing many hats in his industry.

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FTC Asks Calif. Court To Block Activision Deal

Law 360 M&A

The Federal Trade Commission on Monday expanded its challenge to Microsoft's planned purchase of Activision Blizzard by asking a California federal court to block the merger while an in-house case plays out.

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Embracing Iterative Planning for Fiscal Planning

Rhythm Systems

For companies that commence their fiscal year in July, the annual strategic planning process takes on a unique significance. It sets the tone for the year ahead and paves the way for scaling the organization effectively. To achieve sustainable growth, it is crucial to establish an iterative annual planning process that incorporates quarterly planning.

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Sony's Confidential Document Accidentally Reveals Massive Call of Duty Earnings On PlayStation

Benzinga

A leaked document accidentally revealed the revenue generated by the Call of Duty franchise on Sony Group Corp.'s (NYSE: SONY ) PlayStation platforms. The document was initially submitted as evidence in the ongoing legal proceedings between the Federal Trade Commission (FTC) and Microsoft Corp. (NASDAQ: MSFT ) regarding its proposed acquisition of Activision Blizzard Inc.

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Ten Questions for Board Chairs Preparing for Activism and Hostile Takeovers

Harvard Corporate Governance

Posted by Shaun Mathew and Daniel Wolf, Kirkland & Ellis LLP, on Monday, June 19, 2023 Editor's Note: Shaun J. Mathew and Daniel E. Wolf are Partners at Kirkland & Ellis LLP. This post is based on a Kirkland & Ellis memorandum by Mr. Mathew, Mr. Wolf, Sarkis Jebejian , Eric L. Schiele , Erin Nealy Cox , Bob M. Hayward and several other Kirkland partners.

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What is digital transformation?

Mckinsey and Company

Digital transformation is the rewiring of an organization, with the goal of creating value by continuously deploying tech at scale.

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Where Is My Employee Retention Credit (ERC) Refund? Part 2

Meade & Moore

Back in October, we touched on the question of “What’s taking so long to get my ERC Refund?”. At that time, the backlog of unprocessed filings was around 200,000. Here we are over 7 months later, and that backlog has ballooned to almost 1,000,000! IRS Commissioner Werfel has committed to increasing the number of claims processed per week from 20,000 to 50,000 to try and work through this backlog, but there hasn’t been definitive process made up to this point.

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Comment on House Measurement by Property Data Collector Gone Wrong by little don as opposed to Big "D"

Appraisers Blog

In reply to Don Orttenburger. What about the Statue of limitations. OR what about the worth of the signee, or whether or not he has insurance. Liability can be defended by a defendant, an insurance co. or not. A legal document can be almost anything thing Look at Trump or Biden, or Hillary. Appraisers MUST defend themselves and also most professionals who keep a successful reputation.

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Weekly OKR Meeting: Using OKRs During Your Weekly Team Meeting

Rhythm Systems

In working with hundreds of mid-market CEOs as a consultant at Rhythm Systems, I often get asked about KPIs (Key Performance Indicators) and OKRs ( Objectives and Key Results ). As a data nerd, I love having these discussions and helping our clients rank the top in their industry. Often, I find they are really asking, “How can I fix my weekly staff meeting to have a data-driven discussion that helps me exceed my goals?