Sat.Mar 09, 2024 - Fri.Mar 15, 2024

article thumbnail

Choice Hotels Abandons Wyndham Hostile Takeover Attempt

Law 360 M&A

After a monthslong hostile takeover attempt, Choice Hotels International Inc. on Monday announced its decision to withdraw its slate of nominees for election to Wyndham Hotels & Resorts' board of directors following the expiration of its exchange offer.

98
article thumbnail

Harnessing the overconfidence of the crowd: A theory of SPACs

Harvard Corporate Governance

Posted by Snehal Banerjee (UC San Diego) and Martin Szydlowski (University of Minnesota), on Tuesday, March 12, 2024 Editor's Note: Snehal Banerjee is an Associate Professor at the University of California, San Diego Rady School of Management, and Martin Szydlowski is an Assistant Professor at the University of Minnesota Carlson School of Management.

225
225
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

House Passes Bill to Force TikTok Sale From Chinese Owner or Ban the App

NYT M&A

The legislation received wide bipartisan support, with both Republicans and Democrats showing an eagerness to appear tough on China.

article thumbnail

Implementing generative AI with speed and safety

Mckinsey and Company

Generative AI poses both risks and opportunities. Here’s a road map to mitigate the former while moving to capture the latter from day one.

145
145
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

Bitcoin hits new record high above $70,000; US investor ends Currys chase – business live

The Guardian M&A

Live, rolling coverage of business, economics and financial markets as exchange-traded funds help biggest cryptocurrency rally Good morning, and welcome to our live coverage of business, economics and financial markets. Bitcoin went through a deep “crypto winter” after hitting its previous heights, but after a remarkable rally it is now hitting new heights above $71,000.

article thumbnail

Say on Sustainability Pay: An Underutilized Tone of Shareholder Voice

Harvard Corporate Governance

Posted by Paul Rissman, Rights CoLab, on Saturday, March 9, 2024 Editor's Note: Paul Rissman is Co-Founder of Rights CoLab. This post is based on his Rights CoLab memorandum. Related research from the Program on Corporate Governance includes The Perils and Questionable Promise of ESG-Based Compensation (discussed on the Forum here ) by Lucian A. Bebchuk and Roberto Tallarita; Paying for Long-Term Performance (discussed on the Forum here ) and Pay Without Performance: The Unfulfilled Promise of E

222
222

More Trending

article thumbnail

Where is customer care in 2024?

Mckinsey and Company

Gen Z consumers are picking up the phone, boomers are using digital chat, and AI technologies are reshaping the contact center. For customer care leaders, 2024 could be a transformative year.

article thumbnail

Update on AI

BVR

The issues regarding the shake up at OpenAI settled down, seemingly, as quickly as they fired up. The parent not-for-profit governing organization replaced most or all of its board of directors, but it remains to be seen what structural changes will ultimately result from shake up.

124
124
article thumbnail

Corporate Culture In A New Era: Views From The C-suite

Harvard Corporate Governance

Posted by Jillian Grennan (UC Berkeley), on Wednesday, March 13, 2024 Editor's Note: Jillian Grennan is an Associate Adjunct Professor of Finance and Sustainability at the University of California, Berkeley Haas School of Business. This post is based on an article forthcoming in the Journal of Applied Corporate Finance by John Graham , Professor Grennan, Campbell R.

article thumbnail

TikTok’s Security Threats Go Beyond the Scope of House Legislation

NYT M&A

The risks have less to do with who owns the app than who writes the code and algorithms that make TikTok tick.

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

Next-gen B2B sales: How three game changers grabbed the opportunity

Mckinsey and Company

Successful B2B companies use various tactics to get ahead in sales—here’s how three players did it.

B2B 139
article thumbnail

Telegraph takeover: UK planning new laws to prevent foreign states owning assets

The Guardian M&A

New legislation could thwart planned £600m purchase of media group by UAE-backed consortium The UK government plans to introduce legislation that would prevent foreign governments owning UK newspapers and magazines in a move that could scupper the planned £600m sale of the Telegraph to a UAE-backed consortium. RedBird IMI – a partnership between IMI, a fund backed by the UAE’s vice-president, Sheikh Mansour bin Zayed Al Nahyan, and the US investment firm RedBird Capital Partners – is seeking to

article thumbnail

Shareholder Activism Annual Review 2024

Harvard Corporate Governance

Posted by Rebecca Sherratt, Diligent Market Intelligence, on Tuesday, March 12, 2024 Editor's Note: Rebecca Sherratt is a Publications Editor at Diligent Market Intelligence. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian A. Bebchuk, Alon Brav, and Wei Jiang; Dancing with Activists (discussed on the Forum here ) by Lucian A.

article thumbnail

Deadspin Sells to European Media Company, Leaving Staff Behind

NYT M&A

The new owner, Lineup Publishing, will not be bringing on any of the sports website’s existing staff members.

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

Working nine to thrive

Mckinsey and Company

Better aligning employment with modifiable drivers of health could unlock years of higher-quality life and create trillions of dollars of economic value.

138
138
article thumbnail

BP and Abu Dhabi suspend talks to buy stake in Israeli gasfield

Financial Times M&A

Talks with Tel Aviv-listed NewMed paused because of ‘uncertainty created by the external environment’

111
111
article thumbnail

2024 U.S. Proxy Season Preview: Governance Back on Agenda While Sustainability Recedes

Harvard Corporate Governance

Posted by Subodh Mishra, Institutional Shareholder Services Inc., on Wednesday, March 13, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Jun Frank. Introduction The 2024 proxy season opened with two explosive court cases: a landmark Delaware court ruling that vacated Elon Musk’s pay and ExxonMobil’s court challenge to exclude a shareholder proposal on greenhouse gas (GHG) emissions reduction from the proxy.

157
157
article thumbnail

The Capital One-Discover Deal Won’t Fix Our Broken Credit Card System

NYT M&A

The Capital One/Discover deal will do nothing to fix our broken and predatory credit-card system.

Banking 139
article thumbnail

What is economic inclusion?

Mckinsey and Company

Economic inclusion is when people not only have their basic subsistence needs met but also are productive, fulfilled, and fully empowered to make choices about their lives.

137
137
article thumbnail

Dealmaking slowdown leaves private equity with record unsold assets

Financial Times M&A

Bain & Co report reveals how rapidly the industry has grown as well as the challenges created by higher interest rates

Equity 111
article thumbnail

Directors’ responsibilities to stakeholders, particularly employees

Harvard Corporate Governance

Posted by Richard A. Gephardt, Gephardt Group LLC, on Thursday, March 14, 2024 Editor's Note: Richard A. Gephardt is President and CEO of Gephardt Group. Mr. Gephardt served in the United States House of Representatives from 1976 to 2004, representing Missouri’s 3rd Congressional District. He served as House Democratic Leader for more than 14 years, as House Majority Leader from 1989 to 1995 and Minority Leader from 1995 to 2003.

146
146
article thumbnail

China Condemns U.S. Proposal to Force the Sale of TikTok

NYT M&A

The foreign ministry accused Washington of “resorting to hegemonic moves” ahead of House vote on a bill aimed at ByteDance, TikTok’s Chinese parent company.

article thumbnail

From legacy to cloud: Lessons from the trenches

Mckinsey and Company

The journey to cloud is complex, demanding leadership, careful planning, and an agile approach to the unexpected.

137
137
article thumbnail

How M&A boutique Evercore became ‘Goldman North’

Financial Times M&A

The New York investment bank is narrowing the gap with its downtown Wall Street rival

Banking 111
article thumbnail

2023 Activism Recap

Harvard Corporate Governance

Posted by Camila Panama and Alexander Dussault, Mayer Brown LLP, on Monday, March 11, 2024 Editor's Note: Camila Panama is a Partner, and Alexander Dussault is an Associate at Mayer Brown LLP. This post is based on a Mayer Brown memorandum by Ms. Panama, Mr. Dussault, William Kucera , Martha McGarry , Andrew Noreuil , and Jodi Simala. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian A.

article thumbnail

U.K. Moves to Bar Foreign State Ownership of Newspapers, a Blow to Telegraph Bid

NYT M&A

A roughly $1 billion bid from the former CNN chief Jeff Zucker and his Emirati backers raised concerns among lawmakers over a storied conservative newspaper.

article thumbnail

The cyber clock is ticking: Derisking emerging technologies in financial services

Mckinsey and Company

As financial institutions actively adopt emerging technologies, they should act now to future-proof themselves against growing cyber risks.

article thumbnail

How the Tory establishment fought Jeff Zucker’s UAE-backed Telegraph takeover

Financial Times M&A

Rishi Sunak’s ‘hand was forced’ as PM acts to change law to stop foreign states from buying media groups

111
111
article thumbnail

Chancery Addresses Fiduciary Duty Claims Arising from Reincorporation to Nevada

Harvard Corporate Governance

Posted by Amy Simmerman, Brad Sorrels, and David Berger, Wilson Sonsini Goodrich & Rosati, on Thursday, March 14, 2024 Editor's Note: Amy Simmerman , Brad Sorrels , and David Berger are Partners at Wilson Sonsini Goodrich & Rosati. This post is based on a Wilson Sonsini memorandum by Ms. Simmerman, Mr. Sorrels, Mr. Berger, Joe Slights , and Tiphanie Cascella and is part of the Delaware Law series ; links to other posts in the series are available here.

129
129
article thumbnail

In Silicon Valley, Venture Capital Meets a Generational Shift

NYT M&A

Big-name investors such as Reid Hoffman and Michael Moritz are pulling back, creating room for a new generation of tech power brokers.

Start-ups 131
article thumbnail

Identifying value in family-owned businesses

Mckinsey and Company

Outperforming family-owned businesses use a combination of value-creating mindsets and actions. Private equity firms looking to engage should understand them.

article thumbnail

Thomson Reuters has $8bn war chest for AI-focused deals, says chief

Financial Times M&A

Media and data group will develop its own technology and scoop up targets with AI capabilities

article thumbnail

Banking and Antitrust

Harvard Corporate Governance

Posted by Saule Omarova (Cornell University and Yale University) and Graham Steele (U.S. Department of the Treasury), on Monday, March 11, 2024 Editor's Note: Saule Omarova is Beth and Marc Goldberg Professor of Law at Cornell University and Sidley Austin-Robert D. McLean Visiting Professor of Law at Yale University, and Graham Steele is the Assistant Secretary for Financial Institutions at the U.S.

Banking 129
article thumbnail

TikTok Bill’s Progress Slows in the Senate

NYT M&A

Legislation to force TikTok’s Chinese owner to sell the app or have it banned in the United States sailed through the House, but the Senate has no plans to move hastily.