Sat.Jan 13, 2024 - Fri.Jan 19, 2024

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2023 Disclosure Practices on Board Leadership and Structure

Harvard Corporate Governance

Posted by Matteo Tonello, The Conference Board, on Thursday, January 18, 2024 Editor's Note: Merel Spierings is Senior Researcher at The Conference Board ESG Center in New York. This post relates to Corporate Board Practices in the Russell 3000, S&P 500, and S&P MidCap 400: Live Dashboard , a live online dashboard published by The Conference Board and ESG data analytics firm ESGAUGE , in collaboration with Debevoise & Plimpton , the KPMG Board Leadership Center , Russell Reynolds Ass

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Robert “Bob” Kleeman Dies

BVR

Robert “Bob” Kleeman, CPA/ABV, ASA, a longtime member of the business valuation community, passed away on Saturday evening, Jan. 13, 2024.

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Accelerating Europe: Competitiveness for a new era

Mckinsey and Company

Turbulent times have highlighted new fragilities in Europe’s economies. Addressing them could be the catalyst for a new wave of competitiveness and growth.

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Sports Illustrated Thrown Into Chaos With Mass Layoffs

NYT M&A

The company’s owner has been plunged into a maelstrom in recent weeks as its senior executives have been forced out.

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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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Seven Key Trends in ESG for 2023—and What to Expect in 2024

Harvard Corporate Governance

Posted by Leah Malone and Emily Holland, Simpson Thacher & Bartlett LLP, on Sunday, January 14, 2024 Editor's Note: Leah Malone is a Partner and Leader of ESG and Sustainability Practice and Emily Holland is a Counsel at Simpson Thacher & Bartlett LLP. This post is based on a Simpson memorandum by Ms. Malone, Ms. Holland, Matt Feehily , May Mansour , and Alicia Washington.

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Cannabis Tech. Co GrowerIQ Bets On Global Expansion With Acquisition Of Ample Organics

Benzinga

Cannabis technology company GrowerIQ has announced the successful acquisition of Ample Organics. This strategic acquisition, concluded in December 2023, marks a significant expansion of GrowerIQ's operations, not just in Canada but also on the international stage. The all-cash transaction has effectively positioned GrowerIQ as a market leader, particularly in Canada and Europe, where it now boasts one of the largest market shares in the cannabis technology sector.

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Judge Blocks JetBlue From Acquiring Spirit Airlines

NYT M&A

The ruling is a victory for the Justice Department, which had argued that the merger would reduce competition.

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ESG Performance Metrics in Executive Pay

Harvard Corporate Governance

Posted by Matteo Tonello, The Conference Board, on Monday, January 15, 2024 Editor's Note: Matteo Tonello is Managing Director of ESG Research at The Conference Board ESG Center in New York. This post is based on Normal 0 false false false EN-US X-NONE X-NONE CEO and Executive Compensation Practices in the Russell 3000 and S&P 500: Live Dashboard , a live online dashboard published by The Conference Board and ESG data analytics firm ESGAUGE , in collaboration with compensation consulting fir

Equity 282
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It’s Time to Assess the Classification of Your Independent Contractors

Redpath

January 16, 2023 – The U.S. Department of Labor (DOL) recently issued a final rule, effective March 11, 2024, that reshapes its guidance on distinguishing between employees and independent contractors under the Fair Labor Standards Act (FLSA). This update replaces the 2021 Independent Contractor rule and introduces an analysis that is more aligned with longstanding judicial precedent.

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How CEOs can mitigate compounding risks

Mckinsey and Company

When risks combine, the cumulative impact can have existential consequences. But leaders can prevent compounding risks from sneaking up on them by adapting risk processes to manage multiple threats.

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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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Baltimore Sun Sold to Chairman of Sinclair TV Stations

NYT M&A

David D. Smith bought the newspaper and its sister publications in a private deal with Alden Global Capital, their owner since 2021.

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Poison Bonds

Harvard Corporate Governance

Posted by Rex Wang Renjie (Vrije Universiteit Amsterdam) and Shuo Xia (Halle Institute for Economic Research), on Thursday, January 18, 2024 Editor's Note: Rex Wang Renjie is an Assistant Professor of Finance at the Vrije Universiteit Amsterdam and Tinbergen Institute; and Shuo Xia is an Assistant Professor of Finance at Halle Institute for Economic Research and Leipzig University.

Finance 277
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AI Stocks Dominate In January: Nvidia, Juniper, Palo Alto Lead The Charge

Benzinga

Tech stocks are propelling the S&P 500 index toward a new record high, originally set in January 2022. However, not all companies are from the small group of mega caps that led the final quarter rally in 2023. The index is within 30 points of the 4,818.6 intraday high reached on Jan. 4, 2022, with the top five stocks all sporting double-digit percentage gains after the first few weeks of the year.

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Closing the women’s health gap: A $1 trillion opportunity to improve lives and economies

Mckinsey and Company

Investments addressing the women’s health gap could add years to life and life to years—and potentially boost the global economy by $1 trillion annually by 2040.

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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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Comment on Appraisal Reviews for $3 – The Devaluation of Appraisers by Anna Richardson

Appraisers Blog

In reply to Lindsey. Lindsey, and so it begins with the AVMs, and the cancellations after the requests and acceptances which should not be allowed. The same thing happened to me this week. I worked on an accepted engagement and after three days of development they cancelled. I will be calling the Georgia Real Estate Appraisers Board and will notify them of what is going on.

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Learning by Investing: Entrepreneurial Spillovers from Venture Capital

Harvard Corporate Governance

Posted by Josh Lerner (Harvard Business School), Jinlin Li (Harvard Kennedy School), and Tong Liu (MIT Sloan School of Management), on Wednesday, January 17, 2024 Editor's Note: Josh Lerner is the Jacob H. Schiff Professor of Investment Banking at Harvard Business School; Jinlin Li is a Postdoctoral Research Fellow at Harvard Kennedy School and Harvard Business School; and Tong Liu is the Judy C.

Finance 226
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Spirit Airlines Urges JetBlue To Fight Judge's Merger Ruling That Prevents Potential Fifth-Largest US Carrier

Benzinga

Spirit Airlines Inc (NYSE: SAVE ) is reportedly encouraging JetBlue Airways Corporation (NASDAQ: JBLU ) to appeal a recent federal judge’s decision blocking their planned $3.8 billion merger. This move comes after U.S. District Judge William Young sided with antitrust regulators, asserting that the consolidation could lead to increased passenger fares.

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The trends defining the $1.8 trillion global wellness market in 2024

Mckinsey and Company

Our latest Future of Wellness survey finds that consumers are taking greater control over their health—and expect companies to provide effective, science-backed solutions.

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Kirkland, LEX Guide JBT's €3.5B Bid For Icelandic Rival

Law 360 M&A

U.S. food processing technology giant JBT Corp. said Friday that it will launch a fresh €3.5 million ($3.8 billion) offer for Marel HF, after the Icelandic rival rejected two previous bids.

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Strategic Compliance

Harvard Corporate Governance

Posted by Geeyoung Min (Michigan State University), on Tuesday, January 16, 2024 Editor's Note: Geeyoung Min is an Assistant Professor of Law at Michigan State University. This post is based on her recent article published in the UC Davis Law Review. Corporate compliance is at an inflection point, putting pressure on companies to reinforce their compliance programs more than ever before.

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Blackstone's Real Estate Power Move: Takes Tricon Residential Private

Benzinga

Blackstone Inc (NYSE: BX ) has agreed to buy all Tricon Residential Inc. (NYSE: TCN ) shares for $11.25, or about C$15.17 per common share in cash. The companies entered an arrangement agreement that outlines that Blackstone Real Estate Partners X, in partnership with Blackstone Real Estate Income Trust, Inc. (BREIT), will acquire all of Tricon’s outstanding shares.

Equity 98
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Comment on Appraisal Reviews for $3 – The Devaluation of Appraisers by Baggins

Appraisers Blog

In reply to Rick Hemry on Facebook. They have a US mailing address. They do not have a US presence. Quick clarification there. It’s just entry level telecom busy body computer work for an entry level wage. All day long, feeding in new xml appraisal files, running the software, copying the alerts, mailing the revisions, waiting for the appraisers response, clearing the file, recording the file clearance, on to the next file.

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Davis Polk Partner Fires Back At Ex-Associate Suing Firm

Law 360 M&A

A Davis Polk & Wardwell LLP partner told a Manhattan federal jury Thursday that a Black attorney who claims he was fired for airing diversity concerns had turned in "unusable" work, testimony that followed a brief bid to impugn the partner's own performance.

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Corporate Social Responsibility

Harvard Corporate Governance

Posted by Harrison G. Hong and Edward P. Shore (Columbia University), on Monday, January 15, 2024 Editor's Note: Harrison G. Hong is the John R. Eckel, Jr. Professor of Financial Economics and Edward P. Shore is an Economics PhD student at Columbia University. This post is based on their article forthcoming in the Annual Review of Financial Economics.

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Uber Could Be Brewing A Plan To Enter Grocery Sector: Instacart Stock Spikes On Acquisition Whispers

Benzinga

Uber Technologies Inc (NYSE: UBER ) is reportedly considering the acquisition of grocery delivery company Instacart, according to a recent analyst report. The news has significantly impacted Instacart’s (NASDAQ: CART ) stock, which experienced a notable surge. What Happened : Barron’s reported on Wednesday that Instacart’s stock price saw a substantial increase on Wednesday following speculation by a Wolfe Research analyst, Deepak Mathivanan , that the company could be a potent

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Comment on Appraisal Reviews for $3 – The Devaluation of Appraisers by PJTMC

Appraisers Blog

Any appraiser that accepts these terms should not be in this business. This industry is truly a bunch of whore mongers, selling their children to the lowest bidder as they obviously have takers. No doubt there is some moron out there with a license to kill gnawing at the bit to do these. Rethink that if you are reading this and think about the fact you are destroying any future you have left in this business.

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Baking Bread Makes Me A Better Lawyer

Law 360 M&A

After many years practicing law, and a few years baking bread, I have learned that there are a few keys to success in both endeavors, including the assembly of a nourishing and resilient culture, and the ability to learn from failure and exercise patience, says Rick Robinson at Reed Smith.

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Private Equity in 2023—A Year (Not) to Remember

Harvard Corporate Governance

Posted by Steven A. Cohen, Karessa L. Cain, and John R. Sobolewski, Wachtell, Lipton, Rosen & Katz, on Saturday, January 13, 2024 Editor's Note: Steven A. Cohen , Karessa L. Cain , and John R. Sobolewski are Partners at Wachtell, Lipton, Rosen & Katz. This post is based on a Wachtell memorandum by Mr. Cohen, Ms. Cain, Mr. Sobolewski, Andrew J.

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Interested In Smart Motorcycle Helmets? GoPro Snaps Up Forcite for Tech-Infused Helmets

Benzinga

GoPro, Inc. (NASDAQ: GPRO ) revealed its plans to acquire Forcite Helmet Systems, a pioneer in embedding technology into helmets. The financial terms were not disclosed. The company said it intends to boost Forcite’s vision to provide a safer, more dynamic motorcycling experience through tech-enabled motorcycle helmets with the long-term goal of tech-enabling other categories of helmets over.

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Comment on Appraisal Reviews for $3 – The Devaluation of Appraisers by Baggins

Appraisers Blog

In reply to Scott Taylor on Facebook. Oh no, Scott you’re tempting me to pull out old revision stipulations and post them online. That’s always entertaining. I mean anyone can buy into ‘appraisal review software’ and use it right out of the box. Literally anyone. There are hundreds of different software choices too. It’s easier than mowing a lawn.

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Investors raise billions to buy discounted stakes in start-ups

Financial Times M&A

Buyers return after secondary market for private shares was hit by higher interest rates

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Mergers and Acquisitions—2024

Harvard Corporate Governance

Posted by Victor Goldfeld, Mark Stagliano, and Mark Andriola, Wachtell, Lipton, Rosen & Katz, on Friday, January 19, 2024 Editor's Note: Victor Goldfeld and Mark Stagliano are Partners, and Mark Andriola is an Associate at Wachtell, Lipton, Rosen & Katz. This post is based on a Wachtell memorandum by Mr. Goldfeld, Mr. Stagliano, Mr. Andriola, Adam Emmerich , Andrew Nussbaum and Igor Kirman.

Finance 153
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US Stocks Sink, Tech And Real Estate Hit Hard Amid Rate Concerns, Dollar Surge: What's Driving Markets Wednesday?

Benzinga

Another day of losses shook up Wednesday’s stock trading session on Wall Street. All major U.S. stock indices in the red, as investors expressed concerns that the Federal Reserve is not in a rush to reduce interest rates early this year. Market-implied probabilities of a rate cut by the Fed in March have declined to as low as 50%, down from over 70% at the beginning of the week, following recent hawkish statements from the Fed officials and stronger-than-expected economic data.

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Comment on Appraisal Reviews for $3 – The Devaluation of Appraisers by Eric Kretz

Appraisers Blog

$3/Review? I don’t think that happened in the 80’s. I’m not a rocket surgeon, but 8 reviews a day = $24? Just have the underwriter order an AVM to rubber-stamp it back at value for $15. This seriously can’t be real.