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

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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.

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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.

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Despite Trump’s Opposition to TikTok Ban, House Moves Ahead With Bill

NYT M&A

With both parties eager to demonstrate a willingness to be tough on China, bipartisan legislation to force the Chinese owners of the platform to divest or face a ban was moving forward.

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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.

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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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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

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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

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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.

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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.

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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.

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What to Know About the TikTok Ban Legislation

NYT M&A

The House plans to vote on Wednesday on a bill that would force TikTok’s Chinese parent to sell the popular social media app.

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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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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.

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Comment on The Lack of Transparency in Appraiser Compensation by Matthew Ellis on Facebook

Appraisers Blog

Ive been asking this for years. Why is it so important for the invoice to NOT be added? Seems shady. Well, it is. Junk fees tacked on to the consumer under the guise of appraisal fee.

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SEC Enforcement: 2023 Year in Review

Harvard Corporate Governance

Posted by Harris Fischman, Jessica Carey, and David Kessler, Paul, Weiss, Rifkind, Wharton & Garrison LLP, on Wednesday, March 13, 2024 Editor's Note: Harris Fischman and Jessica Carey are Partners, and David Kessler is Counsel at Paul, Weiss, Rifkind, Wharton & Garrison LLP. This post is based on a Paul Weiss memorandum by Mr. Fischman, Ms.

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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.

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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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Mapping the road to prosperity and parity for Black and Latino residents across America

Mckinsey and Company

Black and Latino US residents experience different levels of prosperity and parity depending on where they live. Our interactive map explores this variation across all US counties.

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What Recent Study Shows About AI's Promise For Legal Tasks

Law 360 M&A

Amid both skepticism and excitement about the promise of generative artificial intelligence in legal contexts, the first randomized controlled trial studying its impact on basic lawyering tasks shows mixed but promising results, and underscores the need for attorneys to proactively engage with AI, says Daniel Schwarcz at University of Minnesota Law School.

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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.

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Gerald M. Levin, Time Warner Chief in a Merger Debacle, Dies at 84

NYT M&A

He was called a visionary in cable television, but his foray into the world of the internet, in a marriage with AOL, proved disastrous.

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Bringing innovation to a not-for-profit setting

Mckinsey and Company

American Red Cross chief innovation officer Sajit Joseph discusses the opportunity in bringing innovation, AI, and digital transformation to the work of disaster response and blood banking.

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Biden Comes Out Against $14.9B U.S. Steel-Nippon Merger

Law 360 M&A

President Joe Biden came out in opposition of U.S. Steel's planned $14.9 billion merger with Japan's Nippon Steel Corp. on Thursday, echoing lawmakers who have expressed concerns about the sale of an American institution to a foreign power.

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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.

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Trout CPA Welcomes Will Richard as Manager

Trout CPA

Trout CPA is delighted to introduce our newest Client Accounting Services Manager, Will Richard, CMA, CPP. Prior to joining our firm, Will held several financial management positions, including Accounting Manager and CFO, across several industries.

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The future of Medicare Advantage

Mckinsey and Company

The Medicare Advantage program is undergoing its biggest shifts in more than two decades. Payers can take steps now to mount a strategic, agile response as the changes unfold.

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Del. Concedes Appraisal Math Miss In HBK Share Award

Law 360 M&A

Delaware's Court of Chancery has issued a rare post-merger appraisal ruling correction, adding $6.1 million to an earlier post-deal valuation of Pivotal Software Inc. shares held by two HBK Capital Management affiliates at the time of Pivotal's $2.7 billion sale to VMWare Inc. in 2019.

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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.

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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.

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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.

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Catching Up With Delaware's Chancery Court

Law 360 M&A

Delaware's Court of Chancery became a hot topic in New Orleans last week as litigators and judges at an annual convention acknowledged the First State's corporate law preeminence is under scrutiny. Back home, the court moved ahead on disputes involving Meta Platforms, Abercrombie & Fitch and Donald Trump.

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Comment on Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? by Baggins

Appraisers Blog

In reply to Mary Thompson Thompson. When you observe the building department approve projects outside of existing zoning allowances, you are observing them padding their budget, aligning themselves for a raise in the future. They say whatever needs to be said to justify the action. In my state they say high density housing is to protect the open spaces, so they stack em and pack em in special zoning districts.

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What China Is Saying About the TikTok Furor in Washington

NYT M&A

A bill to force TikTok’s sale in the United States has been criticized by Beijing but has not triggered a high-alert public response or retaliation.

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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.

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FTC Bid To Block Kroger's $25B Albertsons Deal Set For Aug.

Law 360 M&A

An Oregon federal court has scheduled an August hearing on the Federal Trade Commission's challenge of Kroger's planned $24.6 billion purchase of fellow grocery store giant Albertsons, a deal also under attack by state enforcers in Washington and Colorado.

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Comment on Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? by Baggins

Appraisers Blog

In reply to Baggins. Found the rule. § 12-10-614, C.R.S. Appraisal management companies – prohibited activities – grounds for disciplinary actions – procedures – rules. (b) Requiring an appraiser to indemnify the appraisal management company against liability, damages, losses, or claims other than those arising out of the services performed by the appraiser, including performance or nonperformance of the appraiser’s duties and obligations, whether as a result of negligence or willful misconduct;

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How to think, innovate and deliver faster

Avanade

Product teams often rely on transformational frameworks to innovate, but the key to true product success actually lies within your company culture and team structure.

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