July, 2022

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Twitter vs. Musk: The Complaint

Harvard Corporate Governance

Posted by Anna Restuccia (Harvard Law School), on Thursday, July 14, 2022 Editor's Note: This post provides the text of the complaint filed in on July 12, 2022 by Twitter in its widely-followed case against Elon Musk. This post is part of the Delaware law series ; links to other posts in the series are available here. IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE.

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The Great Attrition is making hiring harder. Are you searching the right talent pools?

Mckinsey and Company

People keep quitting at record levels, yet companies are still trying to attract and retain them the same old ways. New research identifies five types of workers that employers can reach to fill jobs.

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Elon Musk Wants Out Of Twitter Deal Due To Lack Of Information: $44B Buyout Off The Table

Benzinga

In a breaking update, Elon Musk has backed out of his deal to buy Twitter, Inc (NYSE: TWTR ) for $44 billion. What Happened: An SEC filing from today has shared that Musk wants out of the deal after false and misleading information was shared to him from Twitter. “ As further described below, Mr. Musk is terminating the Merger Agreement because Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr.

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Appraisers Should Closely Watch Probe of Departed Brookings Boss

Appraisers Blog

The chief of the Brookings Institution, a retired four-star general, resigned last month under investigation of lobbying on behalf of a foreign government and then covering it up. If the allegations are true, it means the think tank, under the general’s watch, was secretly taking illicit cash from at least one outside interest group at a time it was engaged in research that irreparably damaged the reputation of the nation’s real estate appraisers.

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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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UK company insolvencies rise 70% in past year

Accountancy Today

UK company insolvencies have jumped 70%, from 11,261 to 19,191 in the last year according to Mazars, the international audit, tax and advisory firm. Mazars said the figures come in the face of the highest interest rates in 13 years which have made businesses’ debts more expensive to service and has led to an even greater number of indebted businesses falling into insolvency.

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Can HSAs Provide Tax-Free Reimbursement for the Same Expenses as Health FSAs?

ThomsonReuters

QUESTION: Our company currently offers a general-purpose health FSA. If we switched to an HDHP/HSA, could our employees receive tax-free reimbursements for the same types of expenses from their HSAs? ANSWER: Yes, and they might acquire a few additional options. Like health FSAs, HSAs can provide tax-free reimbursement of out-of-pocket expenses for medical care as defined in Code § 213(d).

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More Trending

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Best of both worlds: Balancing digital and physical channels in retail banking

Mckinsey and Company

Banking distribution needs to account for the evolving interdependencies between channels. Accelerating digital and upgrading the physical experience to “phygital” offers a viable solution.

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How Twitter and Tesla Shares Would React To Termination Of Musk-Twitter Deal: Analysts Weigh In

Benzinga

After weeks of dilly-dallying, Tesla, Inc. (NASDAQ: TSLA ) chief executive officer Elon Musk confirmed late Friday that he is terminating the deal to buy Twitter, Inc. (NYSE: TWTR ). Legal Battle In Cards: Close on the heels of Musk's disclosure of his intentions, Bret Taylor, chairman of Twitter's board, tweeted that the board is committed to closing the transaction on the price and terms agreed upon with Musk.

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Corporate Culture and Financial Reporting Quality

Reynolds Holding

Corporate culture is an important determinant of companies’ behavior and success and, as a result, has drawn much attention, particularly from the business press. While some companies have received praise for their corporate cultures, others such as Wells Fargo, Valeant Pharmaceuticals, Toshiba, and Hertz have been severely criticized for maintaining cultures that have led to some of the most egregious misconduct in recent years, despite each of these companies having formal ethics and complianc

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5 factors to consider when evaluating AI/machine learning

N Contracts

In an increasingly competitive environment, riddled by mounting risks , financial institutions need to move past their legacy technology systems to maximize their revenue and earnings.

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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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Desktops Are Being Done WRONG!

Appraisers Blog

Appraisers, back in April, I was notified by someone “close to the action” of appraisal report submittals to the GSE’s, that many Desktops are being submitted back to lenders TOTALLY WRONG by the assigned appraisers! These reports are being captured and evaluated in the current Desktop observation and testing phase of the UCDP evaluations. Lenders use the UCDP as an initial report Quality Control check so that any problems can be identified, and sent back to the appraiser for correction, before

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How Issuers and Investors Can Find Common Ground on ESG

Harvard Corporate Governance

Posted by James Killerlane, BNY Mellon, on Tuesday, July 12, 2022 Editor's Note: James Killerlane is the Corporate Secretary, Managing Director and Deputy General Counsel of BNY Mellon. This post is based on a BNY Mellon report. Related research from the Program on Corporate Governance includes Companies Should Maximize Shareholder Welfare Not Market Value by Oliver Hart and Luigi Zingales (discussed on the Forum here ); Reconciling Fiduciary Duty and Social Conscience: The Law and Economics of

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Should US banks be moving to next-generation core banking platforms?

Mckinsey and Company

Banks today urgently need a new core platform, but building one is time-consuming, expensive, and uncertain. It may help to think strategically and pursue a two-track process.

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Elon Musk says he is terminating $44bn Twitter deal

Financial Times M&A

Social media company vows to enforce agreement, setting stage for fierce legal battle

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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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Envisioning the future of port operations

Avanade

Washington Maritime Blue, 5G Open Innovation Lab and Avanade explore how 5G network connectivity can modernize port operations and support sustainable economic growth.

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‘A model of bad faith’: why Twitter is suing Elon Musk

The Guardian M&A

Analysis: Twitter’s fury at Tesla CEO’s attempt to walk away from a $44bn deal is spelled out in its lawsuit Twitter is suing Elon Musk over his decision to terminate an agreed $44bn (£37bn) takeover of the company. An already acrimonious relationship descended into outright hostility on Tuesday when it lodged a lawsuit in the US state of Delaware, the company’s corporate base, accusing Musk of trashing the company and walking away.

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Twitter, Elon Musk To Face Off In October: Here's What You Need To Know

Benzinga

A court date has been set for Twitter Inc (NYSE: TWTR ) to face off against Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk after he backed out of buying the social media company. The case of Twitter Inc v. Elon Musk is set to go to trial on Oct. 17, 2022, if the two parties don’t reach a settlement beforehand, according to CNBC. The case. Full story available on Benzinga.com.

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2022 Say on Pay & Proxy Results

Harvard Corporate Governance

Posted by Todd Sirras, Austin Vanbastelaer, and Justin Beck, Semler Brossy LLC, on Wednesday, July 6, 2022 Editor's Note: Todd Sirras is a Managing Director, Justin Beck is a Consultant, and Austin Vanbastelaer is a Senior Consultant at Semler Brossy LLC. This post is based on a Semler Brossy memorandum by Mr. Sirras, Mr. Beck, Mr. Vanbastelaer, Alexandria Agee, Sarah Hartman, and Kyle McCarthy.

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Forward Thinking on the sustainability revolution in textiles and the fashion industry with Edwin Keh

Mckinsey and Company

The leader of a cutting-edge institute talks about innovative new materials that “eat” carbon and may enable cotton growing without irrigation, as well as the potential for building the world’s shortest supply chain in two 40-foot containers.

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France to pay €9.7bn for nationalisation of EDF

Financial Times M&A

Government to offer €12 per share to investors to take full control of power group

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DOJ Launches Antitrust Probe of PGA Over Its Response to Saudi-backed 'Rebel' Tourney, WSJ Reports

Mogin Rubin M&A

The Justice Department’s Antitrust Division is investigating the PGA Tour for potentially anticompetitive conduct, the Wall Street Journal was first to report. Specifically, the DOJ is investigating conduct related to the PGA Tour’s suspension of all members who compete on the rival LIV Golf Tour – a new series of eight invitational tournaments largely funded by Saudi Arabia’s Public Investment Fund.

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Take these 3 steps to create a more intelligent supply chain

Avanade

By digitizing your supply chain and leveraging the use of Azure cloud and Microsoft Dynamics 365, you will be better positioned to become an agile and proactive supply chain business.

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EXCLUSIVE: Aftermath Islands Boosts NFT, Gaming Asset Portfolios With Meta Hero Project Acquisition

Benzinga

The digital assets of the Meta Hero Project , together with the technological intellectual property (IP) of the project, have been acquired by Aftermath Islands , an interactive, blockchain-based virtual reality platform. What Happened : The IP will be utilized to produce a broad variety of in-game objects and NFTs that users may purchase, sell, and use in Aftermath Islands and on all other compatible blockchain-based virtual experience platforms.

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The Critical Role of the Board Chair in Driving Board Performance

Harvard Corporate Governance

Posted by Rusty O'Kelley, Rich Fields, and Laura Sanderson, Russell Reynolds Associates, on Tuesday, July 5, 2022 Editor's Note: Rusty O’Kelley co-leads the Board and CEO Advisory Partners in the Americas, Rich Fields leads the Board Effectiveness practice, and Laura Sanderson co-leads the Board and CEO Advisory Partners in Europe at Russell Reynolds Associates.

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Hybrid working models can leverage talent and skills across industries

Mckinsey and Company

Digital technologies and advanced analytics are here to stay. Cognitive, digital, and self-leadership skills can help hybrid working models thrive in metals and mining and heavy industries.

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Satellite firm bailed out by UK to be taken over by French rival

The Guardian M&A

OneWeb, touted by Boris Johnson as a potential rival to Elon Musk’s Starlink, provides communications services A satellite company part-owned by the British government is due to be taken over by an EU rival this week, dashing hopes of fostering a UK firm to rival Elon Musk’s Starlink following its taxpayer bailout at the height of the pandemic. OneWeb, which provides services including broadband from its low-orbit satellites, will be taken over by one of its shareholders – the Paris-listed Eutel

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Carvana Is Looking More Like Icarus

Auto Dealer Valuation Insights

Lately, Carvana has been in the news for all the wrong reasons. Its share price is down over 90% since its pandemic peak and currently sits below the low levels of March 2020. This post provides an abbreviated history of Carvana from its founding in 2012 to 2022 and discusses what its successes and struggles mean for traditional auto dealerships. The company was founded by Ernie Garcia III in 2012.

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Is app switching interrupting your work?

Avanade

In this new era of hybrid work, learn how to deliver rich employee experiences with collaborative apps – Microsoft’s solution for bringing together all your essential apps in one place.

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Why Cathie Wood's Ark Invest Is Skeptical Amazon Can Disrupt Healthcare Beyond Its Own Organization

Benzinga

Amazon, Inc. (NASDAQ: AMZN ) announced last week it has agreed to acquire 1Life Healthcare Inc. (NASDAQ: ONEM ) in an all-cash deal valued at just under $4 billion. How Amazon's Purchase Will Likely Unfold: The proposed acquisition could help Amazon control healthcare costs for its 1.6 million employees, Ark Invest analyst Simon Barnett said in the Ark Disrupt newsletter.

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How Gold Medal Boards Prioritize Their Time

Harvard Corporate Governance

Posted by Rusty O'Kelley, Rich Fields, and Laura Sanderson, Russell Reynolds Associates, on Saturday, July 9, 2022 Editor's Note: Rusty O’Kelley co-leads the Board and CEO Advisory Partners in the Americas, Rich Fields leads the Board Effectiveness practice, and Laura Sanderson co-leads the Board and CEO Advisory Partners in Europe at Russell Reynolds Associates.

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US summer travel 2022

Mckinsey and Company

McKinsey’s recent US travel survey shows that leisure travel is booming, and this summer many people are planning to take their vacations “no matter what”.

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Benchmark International Successfully Facilitated the Transaction Between TruePoint Laser Scanning and Ground Penetrating Radar Systems

Benchmark Report

Benchmark International is pleased to announce the successful transaction between TruePoint Laser Scanning and Ground Penetrating Radar Systems (GPRS). TruePoint is an industry leader in 3D laser scanning and computer-aided design, working on projects concerning historical documentation, stadiums, theaters, power plants, construction, and architectural documentation.

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Federal Valuation Agency Impact on Appraisers & the Public

Appraisers Blog

To establish an independent agency to be known as the Federal Valuation Agency that would oversee the appraisal industry in the name of “equity.” VaCAP has been informed of a Discussion Draft of a Bill introduced into the US House of Representatives that will directly impact every appraiser, appraiser trainee, appraisal firm, and appraisal management company.

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The 10 Best HR Employee Engagement Metrics and KPIs [Updated for 2022]

Rhythm Systems

After recently reviewing thousand of Annual Plans and Quarterly Plans, I can say without a doubt that improving employee engagement seems to be top of mind for everyone this year. How on earth do you keep today's dynamic and diverse employees happy, engaged and productive? It's the million dollar question that we ask ourselves year after year. According to Gallup , companies with highly engaged workforces outperform their peers by 147%.

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