July, 2022

article thumbnail

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.

360
360
article thumbnail

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.

145
145
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Elon Musk says he is terminating $44bn Twitter deal

Financial Times M&A

145
145
article thumbnail

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.

136
136
article thumbnail

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.

article thumbnail

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.

article thumbnail

Q2 2022 Venture Capital Funding Data Shows a Steep Drop, But Still Exceeds Pre-Pandemic Levels

National Law Review M&A

More Trending

article thumbnail

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.

Banking 144
article thumbnail

France to pay €9.7bn for nationalisation of EDF

Financial Times M&A

144
144
article thumbnail

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.

Start-ups 131
article thumbnail

Country Risk: A 2022 Mid-year Update!

Musings on Markets

It has been my practice for the last two decades to take a detailed look at how risk varies across countries, once at the start of the year and once mid-year. In most years, the differences between the two updates are small, and often ignorable, but this year's update brings significant changes for many reasons. The first is the retreat of risk capital, which I talked about in my last post, not only affects the flow of capital and repricing of the riskiest assets (high yield bonds, money losing

article thumbnail

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

article thumbnail

DOJ Sues to Block Merger Between Booz Allen Hamilton and EverWatch Based on Antitrust Concerns Relating to Single-Contract Market

National Law Review M&A

article thumbnail

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

article thumbnail

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.

Banking 137
article thumbnail

Experts say Musk faces uphill battle for victory in Twitter legal fight

Financial Times M&A

142
142
article thumbnail

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.

article thumbnail

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.

article thumbnail

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).

105
105
article thumbnail

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

article thumbnail

ESG Disclosure Trends in SEC Filings

Harvard Corporate Governance

Posted by Maia Gez, Era Anagnosti, and Taylor Pullins, White & Case LLP, on Sunday, July 17, 2022 Editor's Note: Maia Gez , Era Anagnosti , and Taylor Pullins are partners at White & Case LLP. This post is based on a White & Case memorandum by Ms. Gez, Ms. Anagnosti, Mr. Pullins, Colin Diamond , Scott Levi , and Melinda Anderson. The regulatory landscape for ESG disclosure by U.S. public companies faces potentially dramatic changes, with the Securities and Exchange Commission (“SEC”)

306
306
article thumbnail

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.

article thumbnail

‘Gumming up’: unwanted debt from buyout boom stuck at investment banks

Financial Times M&A

Banking 114
article thumbnail

‘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.

article thumbnail

Risk Capital and Markets: A Temporary Retreat or Long Term Pull Back?

Musings on Markets

As inflation has taken center stage, markets have gone into retreat globally, and across asset classes. In 2022, as bond rates have risen, stock prices have fallen, and crypto has imploded, even true believers are questioning what the bottom for markets might be, and when we will get there. While it is easy to call the market movement in 2022 a correction and to argue that it is overdue, it is facile, and it fails to address the question of why it is happening now, and whether the correction is

article thumbnail

Do We Need a Restatement of the Law of Corporate Governance?

Reynolds Holding

In 1978, the American Law Institute (ALI) authorized a project originally intended to result in a Restatement of corporate law. [1] The drafters intended their project to be a departure from traditional restatements. [2] As they visualized it, the project was to offer “a combination of classic Restatement, forward looking guidelines, and perhaps also model provisions.” [3] Their efforts, however, met with immediate resistance.

137
137
article thumbnail

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.

304
304
article thumbnail

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”.

135
135
article thumbnail

Judge grants Twitter fast-track trial to decide fate of $44bn Musk deal

Financial Times M&A

105
105
article thumbnail

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.

103
103
article thumbnail

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.

98
article thumbnail

Want to Up Your Compliance Game? Here Are 5 Things You Should Stop Doing Right Now & 5 Things You Should Do Instead

N Contracts

Compliance is a lot to manage. With near-constant regulatory change on top of a mountain of existing compliance responsibilities, the only way to get it all done is to make sure you’re focusing your energy on the right tasks.

article thumbnail

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.

article thumbnail

How green can green growth be?

Mckinsey and Company

The transition to net-zero greenhouse-gas emissions will take trillions of dollars and several decades. Here’s how B2B leaders can extract maximum value from the journey.

B2B 127
article thumbnail

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.

98
article thumbnail

Think Tank Analysis Finds Current Federal Minimum Wage Rate at Lowest Value in 66 Years

ThomsonReuters

On July 14, 2022, a nonpartisan, nonprofit think tank provided recent analysis of the Consumer Price Index (CPI) that shows the federal minimum wage rate of $7.25 per hour to be at its lowest value since February 1956. FLSA minimum wage rate. The Fair Labor Standards Act (FLSA) of 1938 established, among other things, a federal minimum wage rate. That rate was effective on October 24, 1938 and was $0.25 per hour.

article thumbnail

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.