BV Specialists

NOVEMBER 20, 2023

I hear the phrase “the value is the value” oftentimes when discussing appraisal work with those not familiar with the profession. With machinery and equipment appraisals, the primary differences in value are fairly straightforward. They tend to correlate to the approach you most heavily rely upon and the definition of value that's estimated. Fair Market Value - Installed will drive a considerably higher value than any type of liquidation premise.

Business Valuation 88

Business Valuation Fair Market Value Appraisal Liquidation Value 88

Harvard Corporate Governance

NOVEMBER 24, 2023

Posted by Merel Spierings, The Conference Board, on Friday, November 24, 2023 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 Asso

Equity 317

Equity 317

NYT M&A

NOVEMBER 21, 2023

Broadcast Music Inc., one of the major performing rights organizations in the United States, collected $1.57 billion and distributed $1.47 billion for its 2022 fiscal year.

Private Equity Firm 145

Private Equity Firm Equity Mergers & Acquisitions 145

Mckinsey and Company

NOVEMBER 22, 2023

For digital and AI transformations to succeed, companies need to understand the problems they want to solve and rewire their organizations for continuous innovation

Technology 138

Technology Corporate Finance Finance 138

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.

Marketability

Redpath

NOVEMBER 21, 2023

November 21, 2023 - Accounting standard ASC 326 (also known as CECL) is meant to increase balance sheet transparency and requires entities to recognize estimated credit losses expected to occur over the remaining life of many financial assets. It is important for entities to understand how the new standard may affect them and how to get in compliance.

Compliance 111

Compliance 111

Harvard Corporate Governance

NOVEMBER 19, 2023

Posted by Meaghan Kelly, David Blass and Michael Osnato, Simpson Thacher & Bartlett LLP, on Sunday, November 19, 2023 Editor's Note: Meaghan Kelly , David Blass , and Michael Osnato are Partners at Simpson Thacher & Bartlett LLP. This post is based on a Simpson Thacher memorandum by Ms. Kelly, Mr. Blass, Mr. Osnato, Nicholas Goldin , Michael Wolitzer , and Marc Berger.

Marketability 222

Marketability 222

Mckinsey and Company

NOVEMBER 20, 2023

The global outlook is unchanged despite weaker readings in trade, consumer confidence, and business activity. Still-elevated inflation and interest rates are acting as headwinds to economic growth.

Corporate Finance 117

Corporate Finance Finance 117

Redpath

NOVEMBER 21, 2023

The purchase price in an M&A transaction is often thought about as the enterprise value , which is the adjusted EBITDA times a given multiple (that varies across different industries and sectors and is based on growth potential, market share, and competitive landscape); however, there is another important figure that is often forgotten about until the end: net working capital.

Enterprise Value 103

Enterprise Value EBITDA Marketability 103

Harvard Corporate Governance

NOVEMBER 20, 2023

Posted by Luke Meynell, Russell Reynolds Associates, on Monday, November 20, 2023 Editor's Note: Luke Meynell Co-leads the Board & CEO Advisory Partners in the UK at Russell Reynolds Associates. This post is based on his Russell Reynolds memorandum. Related research from the Program on Corporate Governance includes Politics and Gender in the Executive Suite (discussed on the Forum here ) by Alma Cohen, Moshe Hazan, and David Weiss; Will Nasdaq’s Diversity Rules Harm Investors?

208

208

Appraisers Blog

NOVEMBER 24, 2023

In reply to John. At this time, there is insufficient market support to adequately support the contract price of the subject property. The seller and sales agent are crazy. – There you go. ?

Marketability 98

Marketability 98

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

Corporate Finance

Mckinsey and Company

NOVEMBER 20, 2023

How should CFOs approach generative AI—enterprise-wide and in the finance function—and what can they do right now to rapidly climb the learning curve?

Finance 127

Finance Corporate Finance 127

Benzinga

NOVEMBER 21, 2023

The merger between U.S. chipmaker Broadcom Inc (NASDAQ: AVGO ) and cloud software company VMware, Inc (NYSE: VMW ) won every regulatory approval required to close the merger deal. The stocks traded lower after China's State Administration of Market Regulation approved the deal. The companies look. Full story available on Benzinga.

Marketability 98

Marketability Equity 98

Harvard Corporate Governance

NOVEMBER 22, 2023

Posted by Andrew K. Jennings (Emory University), on Wednesday, November 22, 2023 Editor's Note: Andrew K. Jennings is an Associate Professor of Law at Emory University. This post is based on his recent article forthcoming in the Fordham Law Review. Normal 0 false false false EN-US ZH-CN AR-SA Each year, Department of Justice (DOJ) components resolve a handful of corporate criminal cases with subsidiary-only conviction (SOC) settlements.

206

206

Appraisers Blog

NOVEMBER 21, 2023

In reply to Jeffrey N Allen. The UK is not guiding much policy in America. But China is. Try again. I mean, talking McCarthyism. You’re living it and are at the center of a new form of slander. The issue today is much more complex than just boiling things down to black or white and communism or capitalism. The truth is we should not condemn capitalism, because we have not had that in some time.

Appraisal 98

Appraisal Equity 98

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.

Marketability

Mckinsey and Company

NOVEMBER 20, 2023

A survey of more than 250 global shippers and logistics providers reveals that technology investments are set to increase, with numerous companies already piloting advanced use cases.

Technology 110

Technology 110

Law 360 M&A

NOVEMBER 22, 2023

The U.S. Chamber of Commerce told the Ninth Circuit it supports Live Nation Entertainment Inc. and Ticketmaster LLC in their appeal of a court order refusing to send proposed class action claims against them to arbitration, saying the flawed ruling threatens arbitration benefits for businesses and customers alike.

98

98

Harvard Corporate Governance

NOVEMBER 21, 2023

Posted by Dan Carroll and Bruce Freed, Center for Political Accountability, on Tuesday, November 21, 2023 Editor's Note: Dan Carroll is a Vice President, and Bruce F. Freed is a President and Co-founder at the Center for Political Accountability. This post is based on their CPA memorandum. Related research from the Program on Corporate Governance includes The Untenable Case for Keeping Investors in the Dark (discussed on the Forum here ) by Lucian Bebchuk, Robert J.

Technology 124

Technology 124

Appraisers Blog

NOVEMBER 20, 2023

In reply to Terrence Bilodeau. Terrence, back in 2004, I decided to terminate my lender clients to concentrate on seeking non lender clients, such as legal firms, large accounting and property management firms in my market area. My appraisal income took a hit for 3-4 years. But, I re-established my client base. My individual fees have increased and my turn time is seldom a issue.

Appraisal 98

Appraisal Marketability 98

Mckinsey and Company

NOVEMBER 22, 2023

Artificial intelligence is accelerating drug discovery. If clinical development fails to keep pace, the benefits to patients will be delayed.

117

117

Brian DeChesare

NOVEMBER 22, 2023

I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. But the events of 2023, including the UBS acquisition of Credit Suisse and the rise of firms like Wells Fargo, Jefferies, and RBC, have shaken up the traditional list. As of 2024, I consider the following to be the list of bulge bracket banks (note that the “potential” category is speculative and could include other, similar firms beyond the

Banking 97

Banking Start-ups Finance Equity 97

Harvard Corporate Governance

NOVEMBER 23, 2023

Posted by Neil Q. Whoriskey and Scott Golenbock, Milbank LLP, on Thursday, November 23, 2023 Editor's Note: Neil Q. Whoriskey and Scott Golenbock are Partners at Milbank LLP. This post is based on their Milbank memorandum and is part of the Delaware law series ; links to other posts in the series are available here. Related research from the Program on Corporate Governance includes Are M&A Contract Clauses Value Relevant to Target and Bidder Shareholders?

117

117

Appraisers Blog

NOVEMBER 20, 2023

In reply to Mark Edward Page. Wow! Do you really think POTUS has no influence over gas or interest rates? His POLICIES do. Especially refusal to permit actions to capitalize on America’s own petroleum reserves and transport of gas and petroleum products from Alaska to the Lower 48. He can’t control everything, and both wings of the Uniparty are equally responsible for voting to fund many of his bad policies, but lets not pretend he has no influence.

98

98

Mckinsey and Company

NOVEMBER 20, 2023

CMOs are responsible for more than marketing their company’s products or services. They should also forge strong partnerships with their C-suite colleagues to drive growth.

Marketability 103

Marketability 103

Financial Times M&A

NOVEMBER 19, 2023

EQT, Cinven and General Atlantic among those involved in take-private deals for businesses floated two years ago

Equity 123

Equity 123

Harvard Corporate Governance

NOVEMBER 21, 2023

Posted by Barack Obama, Obama Foundation, on Tuesday, November 21, 2023 Editor's Note: Barack Obama served as the 44th President of the United States. This post is based on Mr. Obama’s remarks at the 2023 Democracy Forum. Hello, Chicago! Thank you, Aleena, for that outstanding introduction. I will say that Michelle would be jealous to see that she has a six-month old at home and she doesn’t look tired.

Technology 117

Technology 117

Appraisers Blog

NOVEMBER 20, 2023

In reply to PD. Interesting factoid; The HR hiring policies drive much of that sort of gray area stipulation for language use. Looks like you’ve got a woke staff on your hands. Find another lender and you’ll most likely see those stipulations just disappear without any actual reporting language changes. Then again, the reports trade hands between so many different entities, may be best to just assume that all the time.

Technology 98

Technology 98

Mckinsey and Company

NOVEMBER 20, 2023

The CEO is the person ultimately responsible for the success of a company. Their job is to develop strategy and deploy the resources to deliver on it.

111

111

LaPorte

NOVEMBER 20, 2023

Project successes are never guaranteed. Even when everything goes right during construction, your company could be subject to losses after the job closes. Fortunately, there… The post Improving Back-Office Efficiencies to Ensure Project Success first appeared on LaPorte.

96

96

Harvard Corporate Governance

NOVEMBER 20, 2023

Posted by Jenness E. Parker, Sonia K. Nijjar and Claire K. Atwood, Skadden, Arps, Slate, Meagher & Flom LLP, on Monday, November 20, 2023 Editor's Note: Jenness E. Parker and Sonia K. Nijjar are Partners, and Claire K. Atwood is an Associate at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum. Related research from the Program on Corporate Governance includes Are M&A Contract Clauses Value Relevant to Target and Bidder Shareholders?

117

117

Appraisers Blog

NOVEMBER 18, 2023

In reply to Mike Smiley. Sad that you as a licensed appraiser have such poor knowledge of how the world works. POTUS has no influence on interest rates and gas prices. How in the world can you do proper research and market analysis with such limited knowledge of supply and demand?

Appraisal 98

Appraisal Marketability 98

Mckinsey and Company

NOVEMBER 21, 2023

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

92

92

Butcher Joseph & Co.

NOVEMBER 21, 2023

Keith Butcher discusses the interplay between Private Equity and ESOPs, including what opportunities private equity firms see in ESOP investments, ret. The post The “Missing Ingredient” for ESOP-Owned Companies: Part 2 appeared first on ButcherJoseph & Co.

Private Equity Firm 92

Private Equity Firm Equity 92

Machen McChesney

NOVEMBER 22, 2023

With rising interest rates, inflation, and continuing market volatility, tax planning is as essential as ever for taxpayers looking to manage cash flow while paying the least amount of taxes possible over time. As we approach year-end, now is the time for individuals, business owners, and family offices to review their 2023 and 2024 tax situations and identify opportunities for reducing, deferring, or accelerating their tax obligations.

Marketability 90

Marketability 90

Gross Mendelsohn

NOVEMBER 22, 2023

With employee benefit plan audit season not too far in the rearview mirror, it’s a good time to reflect on lessons learned. I’m sharing a few insights, from the point of view of an employee benefit plan auditor, for clients who are required to have their plan audited.

90

90