Sat.Oct 01, 2022 - Fri.Oct 07, 2022

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Elon Musk proposes buying Twitter for originally agreed $44bn

Financial Times M&A

Tesla chief and social media company were set to take their dispute to trial later this month

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How cyber governance and disclosures are closing the gaps in 2022

Harvard Corporate Governance

Posted by Chuck Seets and Pat Niemann, EY, on Sunday, October 2, 2022 Editor's Note: Chuck Seets is Americas Assurance Cybersecurity Leader and Pat Niemann is Americas Audit Committee Forum Leader at EY. This post is based on their EY memorandum. Cybersecurity is reaching an inflection point. Risks are growing and broader regulations are looming. Some companies are keeping pace, but others are lagging, both in disclosures and warding off threats.

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The fight against money laundering: Machine learning is a game changer

Mckinsey and Company

To realize the full benefits of machine learning and advanced analytics in anti–money laundering, institutions need AML experts, strong data science talent, and reliable data sources in the fight against this type of financial crime.

Banking 137
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Judge Thinks Elon Musk May Have Deleted Messages Related To Twitter, Says Trial Must Move Ahead

Benzinga

Despite news that Elon Musk again submitted a bid to acquire social media platform Twitter Inc (NYSE: TWTR ), a trial between the Tesla Inc (NASDAQ: TSLA ) CEO and the acquisition target is still on. What Happened: Judge Kathaleen McCormick sent a notice to counsel in the court case involving Musk and Twitter that the planned date of Oct. 17 would begin the highly anticipated trial.

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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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Twitter Trading Halted After Report Of Deal With Elon Musk

Law 360 M&A

Trading of Twitter Inc. shares was halted at midday Tuesday amid reports that tech mogul Elon Musk has reversed course and agreed to close on his original, $54.20-per-share take-private deal for the company on April 25.

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The Irrelevance of Delaware Corporate Law

Harvard Corporate Governance

Posted by Robert J. Rhee (University of Florida), on Friday, September 30, 2022 Editor's Note: Robert J. Rhee is John H. and Marylou Dasburg Professor of Law at the University of Florida Levin College of Law. This post is based on his recent paper , forthcoming in the Journal of Corporation Law , and is part of the Delaware law series ; links to other posts in the series are available here.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Tweet. By Warren H. Morss, GIA GG, ASA, MGA®. Being in business for over forty years, I have seen many changes in society regarding our personal and business lives. Our ability to embrace change and adapt to new concepts and technologies has defined our path through the first decade and a half of the twenty first century. It is along this path that I chose to further my professional career in the Gem & Jewelry discipline of the professional appraisal field.

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2022 Industrial Robotics Industry Report

Benchmark Report

Industrial robotics is now critical across many sectors for the automation and manufacturing of many tasks, including loading, packaging, labeling, and inspection. They are commonly used in the automobile and heavy engineering sectors and are becoming more common in many other sectors. In the past, robots were mostly only used in the automotive and manufacturing industries, but more sectors are adopting them today.

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DEI Initiatives under Attack by Activists

Harvard Corporate Governance

Posted by Michael Delikat, J. T. Ho and Hong Tran, Orrick, Herrington & Sutcliffe LLP, on Friday, October 7, 2022 Editor's Note: Michael Delikat and J. T. Ho are partners, and Hong Tran is an Associate at Orrick, Herrington & Sutcliffe LLP. This post is based on their Orrick memorandum. Related research from the Program on Corporate Governance includes Social Responsibility Resolutions by Scott Hirst.

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Digital twins: What could they do for your business?

Mckinsey and Company

Less waste, shorter times to market, constant customer insights: the advantages of applying digital twins are many—if you get the conditions right.

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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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Advantage Elon Musk? How Delay In Twitter Trial Could Benefit Tesla CEO

Benzinga

Delaware Chancery Court Judge Kathaleen McCormick, on Thursday, stayed the legal battle between Elon Musk and Twitter Inc. (NYSE: TWTR ) until Oct. 28 to allow the two parties to close the deal. What Happened: Delving on the development, Future Fund analyst Gary Black suggested the deferral was to Musk's advantage. The postponement of the trial date gives Musk more time to get the financing together, Black said.

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Using Technology to Manage and Track your Strategic Plan

Rhythm Systems

This time of year, leaves are turning, kids are in school, and many business leaders are spending a great deal of time, energy, and resources creating a strategic plan for next year. Executives are gathering in meeting spaces or Zoom calls to work through discussions and decisions about the direction of their company and setting specific goals for 2023.

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Know Your Customer: Informed Trading by Banks

Harvard Corporate Governance

Posted by Rainer Haselmann (Goethe University Frankfurt), Christian Leuz (University of Chicago Booth School of Business), and Sebastian Schreiber (Goethe University Frankfurt), on Monday, October 3, 2022 Editor's Note: Rainer Haselmann is Professor of Finance, Accounting, and Taxation at Goethe University Frankfurt, Christian Leuz is Charles F. Pohl Distinguished Service Professor of Accounting and Finance at the University of Chicago Booth School of Business, and Sebastian Schreiber is Profess

Banking 228
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Sustainability in global transaction banking: A market imperative

Mckinsey and Company

Sustainable financial products can propel revenue growth for banks and contribute substantially to businesses’ progress in meeting global climate goals. But success requires a strategic approach.

Banking 113
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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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Alberta Becomes First Canadian Province To Regulate Psychedelics-Assisted Therapy

Benzinga

As of January 2023 , Canada’s 4th largest province will be the first to offer supervised treatments involving psychedelic substances such as psilocybin, MDMA, LSD, mescaline, DMT and ketamine to those among its 4.5 million population suffering from mental health disorders. The decision was taken and announced by the Alberta province on Wednesday, October 5.

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Elon Musk to proceed with $44bn buyout of Twitter after U-turn

The Guardian M&A

Tesla chief executive had been set for court showdown after attempting to scrap deal Elon Musk has filed to complete his $44bn (£38bn) acquisition of Twitter after months of legal drama. Lawyers for Musk confirmed in a court filing Tuesday that the billionaire will push ahead with the deal after performing another dramatic U-turn on his decision to walk away from the deal.

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Weekly Roundup: September 23-29, 2022

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, September 30, 2022 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of September 23-29, 2022. Boards Need More Women: Here’s How to Get There. Posted by Maria Castañón Moats and Shannon Schuyler, PricewaterhouseCoopers LLP, on Friday, September 23, 2022.

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The chessboard rearranged: Rethinking the next moves in global payments

Mckinsey and Company

Shifts in the macro environment are creating opportunities and obstacles for participants across the worldwide payments ecosystem.

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Did Someone Know Elon Musk Was Buying Twitter Again? Options Flow May Point To An Answer

Benzinga

Elon Musk is, once again, offering to acquire Twitter Inc (NYSE: TWTR ). While the announcement sent shares of the social media platform soaring, some investors may have profited early from the news. What Happened: On Tuesday, Musk confirmed his intentions to acquire Twitter at the originally agreed-upon price of $54.20. The proposal was confirmed by Twitter, which saw its shares halted with news pending.

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Jack Thurston Honored as a Top Veteran in the Workplace

Butcher Joseph & Co.

ButcherJoseph & Co. celebrates Jack Thurston, Vice President, Marketing, at ButcherJoseph on being recognized by Small Business Monthly as one of St. The post Jack Thurston Honored as a Top Veteran in the Workplace appeared first on ButcherJoseph & Co.

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Potential Litigation Risks Associated with the SEC’s Proposed Climate-Disclosure Rule

Harvard Corporate Governance

Posted by Laura Harder, Cleary Gottlieb Steen & Hamilton LLP, on Wednesday, October 5, 2022 Editor's Note: Laura Harder is an Associate at Cleary Gottlieb Steen & Hamilton LLP. This post is based on a Cleary memorandum by Ms. Harder, Mr. Grabar, Mr. Gerber, and Ms. Lee. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance by Lucian A.

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Toxic workplace behavior and employee burnout: Fix one, fix both

Mckinsey and Company

Jerks at Work author Tessa West shares research and insights about the damaging effect of toxic behavior in the workplace and offers strategies for effectively coping with it.

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'Rich Dad Poor Dad' Author Says He Loves Elon Musk For Taking Over Twitter: 'Conservatives Need To Fight Back'

Benzinga

Robert Kiyosaki, the author of “Rich Dad Poor Dad,” took to Twitter on Thursday to express his gratitude to Elon Musk. What Happened: Musk’s agreement to take Twitter Inc. (NYSE: TWTR ) private is now almost a done deal after the billionaire made a U-turn and proposed to buy the social media giant at the originally agreed-on price of $44 billion.

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2023 Annual Planning Process: Brainstorming 20 Ways to beat the Annual Targets

Rhythm Systems

We were working on a CEO's plan for the next year when I noticed his team fidgeting and looking uncomfortable during our planning session. I paused and asked various team members to share what was bothering them. They shared that they were not confident that they had enough revenue and sales opportunities to achieve the goals that the CEO wanted to achieve.

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PVP Q&A: Our Interpretations of the SEC’s New PVP Rules

Harvard Corporate Governance

Posted by John R. Ellerman, Ira Kay, and Mike Kesner, Pay Governance LLC, on Tuesday, October 4, 2022 Editor's Note: Mike Kesner and John R. Ellerman are partners and Ira T. Kay is Managing Partner and Founder at Pay Governance LLC. This post is based on their Pay Governance memorandum. Related research from the Program on Corporate Governance includes Stealth Compensation via Retirement Benefits and Paying for Long-Term Performance (discussed on the Forum here ) both by Lucian A.

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Five learnings from CTOs and tech leaders on their cloud strategies

Mckinsey and Company

Recent interviews with tech executives and cloud-program leaders at 50 companies shows a gap between cloud aspirations and cloud adoption—and unclear strategy to close it.

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Selling Tesla Shares To Buy Twitter Is 'Giving Away Caviar To Buy A $2 Slice Of Pizza," Analyst Says

Benzinga

An analyst is using a food analogy to describe the potential of the world’s richest man needing help to finance his acquisition by selling shares of leading electric vehicle company Tesla Inc (NASDAQ: TSLA ). What Happened: On Tuesday, it was announced Tesla CEO Elon Musk sent a new proposal to social media platform Twitter Inc (NYSE: TWTR ) to acquire the company for $44 billion, or $54.20 per share.

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Mergers & Acquisitions Insights: Perspectives from the Boardroom and C-Suite

Shephard Mullin M&A

Kandace Watson, Corporate M&A Partner, Sheppard Mullin, and Michael-Bryant Hicks, a seasoned EVP, General Counsel & Corporate Secretary recently discussed mergers and acquisitions perspectives from the Boardroom and C-Suite. From the Board and Executive Management viewpoint, there are only a few key important wins. Ensure Directors and Officers know their fiduciary duties and establish a robust protocol to demonstrate they fulfilled those duties.

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?In re BGC Partners: Maybe Entire Fairness Review Isn’t So Bad After All

Harvard Corporate Governance

Posted by Meredith Kotler, Ethan Klingsberg, and Marques Tracy, Freshfields Bruckhaus Deringer LLP, on Tuesday, October 4, 2022 Editor's Note: Ethan Klingsberg and Meredith Kotler are partners and Marques Tracy is an associate at Freshfields Bruckhaus Deringer LLP. This post is based on their Freshfields memorandum and is part of the Delaware law series ; links to other posts in the series are available here.

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The multi-billion-dollar paper jam: Unlocking trade by digitalizing documentation

Mckinsey and Company

Trade documentation is a paper-intensive and resource-consuming process. An electronic bill of lading could save $6.5 billion in direct costs and enable $40 billion in global trade.

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Tesla Shares Will Remain Under Pressure After Twitter-Deal News, Analyst Says — Unless Elon Musk Gives Clarity

Benzinga

Elon Musk on Tuesday renewed his interest in Twitter Inc. (NYSE: TWTR ) for the originally agreed-upon deal value of $44 billion. What Happened: Neither party has so far asked to put the lawsuit filed in the Delaware Chancery Court on hold, prompting Judge Kathaleen McCormick to rule on Wednesday that the five-day trial, scheduled to begin on Oct. 17, is on track.

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FNMA Ensnares Appraisers in Farcical Probes

Appraisers Blog

You feel like Fannie Mae is simply trying to get rid of appraisers. A lot of appraisers feel that way… “Even amidst tragedy there is sometimes farce,” wrote author Daniel Prokop. Unleashing tragedy and farce in equal measure, mortgage giant Fannie Mae is using its muscle to coerce lenders to repurchase early COVID-era loans. Fannie apparently deems them now too risky for its portfolio.

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How the SEC’s Executive Compensation Disclosure Rule Could Impact the 2023 Proxy Season

Harvard Corporate Governance

Posted by Sydney Carlock, Martha Carter, and Sean Quinn, Teneo, on Thursday, October 6, 2022 Editor's Note: Sydney Carlock is a Managing Director, Martha Carter is Vice Chair & Head of Governance Advisory, and Sean Quinn is a Senior Managing Director, at Teneo. This post is based on a Teneo memorandum by Ms. Carlock, Ms. Carter, Mr. Quinn, and Mr.

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Twitter Gets OK To Probe Musk's Alleged Anonymous Source

Law 360 M&A

Twitter Inc. won a green light Tuesday to dig deeper into an unverified, alleged offer to Elon Musk of back channel information about the social media giant from a purported anonymous Twitter executive for Trust & Safety and Content Moderation teams.

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