Sat.May 25, 2024 - Fri.May 31, 2024

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Building Confidence: The Power of Financial Projections for Startups

Equidam

For early stage startups seeking investment, especially pre-revenue companies, there’s a common debate about the necessity of financial projections. Some argue that projections are unreliable due to the inherent uncertainty of young companies, and the number of assumptions that they have to model. However, there are compelling reasons why creating these models can significantly benefit both founders and investors.

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Sustainability Board Preparedness in Large Family Businesses

Harvard Corporate Governance

Posted by Frederik Otto and Michael Reed, The Sustainability Board, on Sunday, May 26, 2024 Editor's Note: Frederik Otto is Executive Director and Michael Reed is Director and Senior Advisor of the Institute for Sustainable Family Business at The Sustainability Board (TSB). This post is based on their TSB memorandum. In 2019, when we began our reporting cycle, a mere 54 of the 100 largest global companies had clearly defined sustainability oversight, with 16% of directors being ESG-engaged.

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Lim Hwee Hua Appointed Chair of the IVSC Board of Trustees

IVSC

Former Singapore Government Minister and Deputy Speaker of the Singapore Parliament, Mrs Hwee Hua Lim, becomes the first Asian and female Chair of The IVSC. London, [Thursday 30 May, 2024] – The International Valuation Standards Council (IVSC) is pleased to announce the appointment of Mrs. Lim Hwee Hua as Chair of the IVSC Board of Trustees, effective June 2024.

Finance 130
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Chobani Yogurt Founder Buys Anchor Brewing Company

NYT M&A

Hamdi Ulukaya called the craft brewer, said to be the country’s oldest, a “grand jewel.” Anchor’s former owner, Sapporo, put it into liquidation last year, citing the effects of the pandemic.

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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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Model makeover: Turning a telco into a customer-centric techco

Mckinsey and Company

Telcos can unlock significant value by becoming truly customer-centric enterprises, but it will take a new operating model enabled by a mindset shift and expanded capabilities.

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Do AIs Dream of Electric Boards?

Harvard Corporate Governance

Posted by Robert J. Rhee (University of Florida), on Thursday, May 30, 2024 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 article , forthcoming in the Northwestern University Law Review. When AI acquires self-awareness, agency, and unique (general) intelligence, it will attain ontological personhood.

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ConocoPhillips Acquires Marathon Oil In All-Stock Deal At 14.7% Premium: Details

Benzinga

Marathon Oil Corporation (NYSE: MRO ) and ConocoPhillips (NYSE: COP ) stocks are moving in opposite directions on Wednesday after they disclosed a definitive deal in which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion. As per the agreement, Marathon Oil shareholders will receive 0.2550 ConocoPhillips shares for each share of Marathon Oil they hold.

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Now boarding: Faces, places, and trends shaping tourism in 2024

Mckinsey and Company

Global travel is back and buzzing. More regional trips, newly emerging travelers, and a fresh set of destinations are powering steady spending.

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DOJ Strengthens Incentives to Report Corporate Misconduct

Harvard Corporate Governance

Posted by Carolyn Small, Paige Zielinski, and Brandon Fox, Jenner & Block LLP, on Tuesday, May 28, 2024 Editor's Note: Carolyn Small is Special Counsel, Paige Zielinski is an Associate, and Brandon Fox is a Managing Partner at Jenner & Block LLP. This post is based on a Jenner & Block memorandum by Ms. Small, Ms. Zielinski, Mr. Fox, Laurel Loomis Rimon , David Bitkower , and Anthony Barkow.

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Stanley Goldstein, Who Helped Make CVS a Pharmacy Giant, Dies at 89

NYT M&A

The small chain that he, a brother and a third partner opened in 1963 had become the nation’s largest by the time he retired as its chief executive three decades later.

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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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Australian Co. Aims For Shopify Highs In $250M SPAC Deal

Law 360 M&A

Sydney, Australia-based Btab Ecommerce Group Inc., an e-commerce supplier for small businesses, has agreed to merge with special-purpose acquisition company Integrated Wellness Acquisition Corp. in a transaction valued at $250 million, the companies said Friday.

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Talking innovation in video games with Electronic Arts

Mckinsey and Company

EA’s chief strategy officer, Mihir Vaidya, discusses the challenges of innovating at the intersection of art, entertainment, and technology.

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Compensation Consultants and CEO Pay Peer Groups

Harvard Corporate Governance

Posted by Woon Sau Leung (University of Southampton), on Monday, May 27, 2024 Editor's Note: Woon Sau Leung is Professor of Finance at the University of Southampton Business School. This post is based on a working paper by Professor Iftekhar Hasan , Professor Leung, and Dr. Stefano Manfredonia. Academics have long been interested in understanding whether pay packages for CEOs are efficiently designed.

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Comment on Leaving the Appraisal Profession by Lee

Appraisers Blog

I am glad I saw the writing on the wall and bailed out 1 1/2 years ago. It used to be interesting and even important work. No more, the idiots have killed it. Retirement rocks, I don’t miss appraisal one bit. How long until the next stupidity caused crash? Don’t answer, I no longer care, and don’t need no stinking mortgage.

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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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Playing Music Makes Me A Better Lawyer

Law 360 M&A

My deep and passionate involvement in playing, writing and producing music equipped me with skills — like creativity, improvisation and problem-solving — that contribute to the success of my legal career, says attorney Kenneth Greene.

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Six trends shaping new business models in tourism and hospitality

Mckinsey and Company

Tourism and hospitality companies have transformed over the past decade. Here’s a look at trends related to accommodations and experiences.

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Season-end Summary of Challenges under Rule 14a-8

Harvard Corporate Governance

Posted by Neil McCarthy, G. Michael Weiksner, James Palmiter, DragonGC, on Wednesday, May 29, 2024 Editor's Note: Neil McCarthy is Co-Founder and Chief Product Officer, G. Michael Weiksner is Co-Founder and Chief Technical Officer, and James Palmiter is CEO and Co-Founder at DragonGC. This post is based on a DragonGC memorandum by Mr. McCarthy, Mr. Weiksner, Mr.

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ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal

NYT M&A

The takeover is the latest in a wave of consolidation sweeping the oil industry, with the biggest players rushing to acquire smaller rivals.

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Chancery Dismisses Pipeline Co. Merger Side-Deal Suit

Law 360 M&A

An Energy Transfer LP subsidiary lost a Delaware Court of Chancery suit on Friday accusing four former officers of reaching a secret side deal with a pipeline company for construction of a costly, high-pressure natural gas pipeline, in a decision that also tossed arbitration challenges.

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Gen AI’s second wave

Mckinsey and Company

Generative AI is here to stay. As the novelty wears off, companies must figure out how to implement the technology to create real value. Here’s how they can start.

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How Do Companies Monitor Stakeholder Grievances?

Harvard Corporate Governance

Posted by Subodh Mishra, Institutional Shareholder Services Inc., on Tuesday, May 28, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Elias Siebert. While responsible business conduct has long been a focus for activists, special interest groups and the socially responsible investment movement, in recent years, more stakeholders are recognizing the importance of global norms for responsible business conduct to p

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Are You Owed a Piece of a $5.5 Billion Settlement?

Redpath

If you or your business accepted Visa or Mastercard credit cards as payment between January 1, 2004 and January 25, 2019, you may be entitled to a share of a $5.5 billion settlement.

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Cleary, DLA Piper Steer T-Mobile's $4.4B UScellular Purchase

Law 360 M&A

T-Mobile has agreed to buy United States Cellular Corp.'s wireless operations for $4.4 billion, including debt, in a deal that T-Mobile said on Tuesday will give customers "much needed choice" and provide "more real competition across the wireless industry.

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The way we travel now

Mckinsey and Company

A survey of travelers reveals disparate desires, generational divides, and a newly emerging set of traveler archetypes.

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2023 Global Class Action Annual Report

Harvard Corporate Governance

Posted by Steve Cirami, Broadridge , on Thursday, May 30, 2024 Editor's Note: Steve Cirami is Global Securities Class Actions leader at Broadridge. This post is based on his Broadridge memorandum. Industry trends: Noteworthy class action developments in 2023 Securities class actions before the Supreme Court. Despite being the cornerstone of securities litigation worldwide, securities class action law in the United States is continually evolving.

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Q&A: Tips for Financial Institutions Evaluating Fintech Relationships

N Contracts

When it comes to vendor management, fintechs are in a category of their own. What’s the difference between fintechs and other vendors, and what goes into evaluating a fintech?

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Bankrupt EV Charger Co. Execs Hid Liquidity Woes, Suit Says

Law 360 M&A

Three current and former executives of bankrupt electric-vehicle charging infrastructure company Charge Enterprises Inc. face an investor's proposed class action claiming the executives concealed a liquidity crisis involving the company's founder and his investment advisory firm that allegedly precipitated Charge's bankruptcy.

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From the Godfather to the Doug-father – leading workplace lawyer reflects on his journey

JPAbusiness

One of the joys of hosting a podcast is meeting people who not only have a great story to tell, but who are great storytellers. Andrew Douglas from FCW Lawyers – who joined me for episode 22 of the Let’s Talk Business podcast – is one such personality. Andrew is a highly skilled and experienced workplace relations lawyer, who also has a gift for sharing the lessons he’s learned throughout his long career.

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Midyear observations on the board agenda

Harvard Corporate Governance

Posted by John Rodi, David A. Brown and Patrick A. Lee, KPMG, on Friday, May 31, 2024 Editor's Note: John H. Rodi is Leader, and David A. Brown is Executive Director, and Patrick A. Lee is Senior Advisor of the Board Leadership Center of KPMG LLP. This post is based on their KPMG memorandum. Approaching midyear, business leaders are bullish on growth and the opportunities ahead.

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AI Is Costing Financial Institutions Millions

N Contracts

Y ou may think that artificial intelligence (AI) is a development your financial institution can worry about another day , but that’s a mistake. AI risk has already cost financial institutions millions – even at institutions that haven’t directly implemented AI technology.

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Virginia Issues Guidelines to Retroactively File 2021 Pass-Through Entity Tax Returns

Gross Mendelsohn

Virginia’s Department of Taxation has issued long-awaited guidance on pass-through entity tax returns. Here’s what the guidance means for owners of pass-through entities.

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4 Bookkeeping Pitfalls for Small Businesses to Avoid

Machen McChesney

Accurate bookkeeping is essential to operating a successful small business. The problems created by inadequate bookkeeping practices can have significant, long-lasting consequences. Here are four common pitfalls — and how to avoid them with the right knowledge and tools.

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Delaware’s Appealing Interlocutory Review Regime

Harvard Corporate Governance

Posted by Jim Ducayet and Deepa Chari, Sidley Austin LLP, on Thursday, May 30, 2024 Editor's Note: Jim Ducayet is a Partner and Deepa Chari is an Associate at Sidley Austin LLP. This post is based on their Sidley memorandum, and is part of the Delaware law series ; links to other posts in the series are available here. In a recent case, Palkon v. Maffei (TripAdvisor) , the Delaware Supreme Court accepted an interlocutory appeal of the Court of Chancery’s denial of shareholders’ motion to dismi

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AIA’s Lee Yuan Siong on building success for the long term

Mckinsey and Company

AIA group chief executive and president Lee Yuan Siong lays out why he’s optimistic about the Asian insurance market, what makes AIA unique, and his view of what makes a good leader.