Harvard Corporate Governance

AUGUST 18, 2022

Posted by Lindsey Stewart, Morningstar, Inc., on Thursday, August 18, 2022 Editor's Note: Lindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on his Morningstar memorandum. Related research from the Program on Corporate Governance includes The Agency Problems of Institutional Investors (discussed on the Forum here ) by Lucian Bebchuk, Alma Cohen, and Scott Hirst; Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy

289

289

Viking Mergers

AUGUST 19, 2022

More than 75 million Baby Boomers are poised to retire (part of what has been dubbed the “Silver Tsunami”). Early studies indicated mass exodus of Boomers from the workforce would happen steadily over the next 20 years. Back in 2020, however, I shared my opinion that the COVID-19 pandemic was a wake-up call for many Boomers (those born between 1946 and 1964) who realized being at home wasn’t too bad and that life is too short to work until the very end.

Start-ups 130

Start-ups Equity Banking 130

Mckinsey and Company

AUGUST 19, 2022

Danish design experts Christian Bason and Jens Martin Skibsted say humanity needs a more expansive outlook on problem-solving—one that is less human-centered and more future-proof.

131

131

Benzinga

AUGUST 18, 2022

Chamath Palihapitiya was one of the biggest names in the SPAC market in 2021 and when times were good for new companies going public, Palihapitiya had some of the best-performing deals of that year. The year 2022 has not been as kind to Palihapitiya with re-valuations on many of the companies that went public by investors seeing shares below the former $10 price point of the SPACs.

Technology 104

Technology Marketability 104

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

Harvard Corporate Governance

AUGUST 17, 2022

Posted by Minor Myers (University of Connecticut), on Wednesday, August 17, 2022 Editor's Note: Minor Myers is Professor of Law at the University of Connecticut School of Law. This post is based on his recent paper , 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 SPAC Law and Myths (discussed on the Forum here ) by John C.

Marketability 257

Marketability 257

Financial Times M&A

AUGUST 17, 2022

UK billionaire emerges as potential buyer of struggling football giant if Glazer family want to sell

135

135

Mckinsey and Company

AUGUST 17, 2022

Geopolitical and climatic events are impacting the food system’s resilience. Here’s what happened this year, what may come next year, potential consequences, and considerations that may mitigate the impact.

99

99

Harvard Corporate Governance

AUGUST 17, 2022

Posted by Nina Wilson, Edelman, on Wednesday, August 17, 2022 Editor's Note: Nina Wilson is Vice President of Edelman ESG Advisory. This post is based on her Edelman memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A. Bebchuk and Roberto Tallarita; Does Enlightened Shareholder Value Add Value?

Banking 248

Banking Marketability 248

Benzinga

AUGUST 19, 2022

As Elon Musk and Twitter Inc. (NYSE: TWTR ) prepare for a legal showdown on Oct. 17 , the Tesla Inc. (NASDAQ: TSLA ) CEO has raised objections to the social media platform’s requests for information. What Happened : Twitter is asking Musk to share documents from anyone “who might have had a passing conversation” with him regarding the deal, the billionaire said in a letter to Delaware Chancery Court Judge Kathaleen McCormick , Bloomberg reported.

98

98

Law 360 M&A

AUGUST 19, 2022

This week in London has seen the Bureau of Investigative Journalism sued for libel by a former Kazakh leader, Siemens Mobility bring fresh legal action against the high-speed rail project HS2 in a procurement claim, and an Irish aircraft company sue Aeroflot and Rossiya Airlines in the wake of sanctions imposed on the airlines by the U.K. government.

98

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

ThomsonReuters

AUGUST 16, 2022

Starting with their tax years that begin in 2021 (the 2021 tax year) pass-through entities with items of international tax relevance must contend with a number of new forms and instructions. Specifically, Schedules K-2 and K-3 for Form 1065, Partners’ Distributive Share Items—International, Schedules K-2 and K-3 for Form 1120-S, Shareholders’ Pro Rata Share Items—International; and.

Treasury 98

Treasury Compliance Start-ups 98

Harvard Corporate Governance

AUGUST 14, 2022

Posted by Mandy Wright, Directorship, on Sunday, August 14, 2022 Editor's Note: Mandy Wright is senior editor of Directorship magazine. This post is based on an NACD BoardTalk publication. Twenty-six public companies have gone private this year as of mid-May, totaling more than $121 billion in value. Compare that to 47 companies that did the same in all of 2021, the highest number of such deals in more than a decade, according to Dealogic.

Private Equity Firm 248

Private Equity Firm Compliance Equity Marketability 248

Benzinga

AUGUST 19, 2022

Young bankers are fearing for their jobs as lighter workloads become the new normal. That’s according to a new report by Bloomberg. Banking analysts appear to have a lot of extra time on their hands, something which seemed unthinkable last year — and the years prior — for a profession characterized by its long hours and intense workload.

Banking 98

Banking Finance 98

Farrel Fritz

AUGUST 15, 2022

Welcome to the 12th annual edition of Summer Shorts. This year’s edition features brief commentary on a handful of recent decisions by New York trial judges and appellate courts in a variety of business divorce cases involving capital calls, recapitalization, dissolution agreements, derivative vs. direct claims, and judicial dissolution. Click on the case names to read the decisions.

Finance 98

Finance 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

Law 360 M&A

AUGUST 15, 2022

The head of Penguin Random House's U.S. operations told a D.C. federal judge Monday that there's real competition between the company's various imprints, in an effort to debunk the government's allegations that its planned purchase of Simon & Schuster from Paramount Global will dampen author pay.

98

98

Harvard Corporate Governance

AUGUST 18, 2022

Posted by Kristina Minnick (Bentley University), on Thursday, August 18, 2022 Editor's Note: Kristina Minnick is Stanton Professor of Finance at Bentley University. This post is based on a recent paper by Professor. Minnick; Natasha Burns , Professor of Finance at the University of Texas at San Antonio; Jeffry Netter , Josiah Meigs Professor of Finance at the University of Georgia Terry College of Business; and Laura T.

Finance 228

Finance Marketability 228

Benzinga

AUGUST 16, 2022

Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk said Tuesday he was buying the Manchester United Football Club , better known as Man United. What Happened: The billionaire said in a Twitter thread — in which he touched on his political affiliations — that he was buying the Old Trafford-based club that competes in the Premier League — the apex division of the English football league.

98

98

Avanade

AUGUST 18, 2022

Paul Lipovanciuc discusses our Industry X service which includes solutions for smart connected products, where X signifies the constant change characteristic, for connecting the physical with the digital components of an organization.

98

98

Law 360 M&A

AUGUST 19, 2022

Elon Musk's attorneys asked Delaware's chancellor on Friday to jettison a purported stockholder class suit to force Musk's closing on a $44 billion take-private deal for social media giant Twitter Inc., citing the stockholder's lack of standing to compel the deal or claim damage from its scuttling.

97

97

Harvard Corporate Governance

AUGUST 15, 2022

Posted by Kem Ihenacho, Clare Scott, and Anne Mainwaring, Latham & Watkins LLP, on Monday, August 15, 2022 Editor's Note: Kem Ihenacho is partner, Clare Scott is counsel, and Anne Mainwaring is an associate at Latham & Watkins LLP. This post is based on a Latham memorandum by Mr. Ihenacho, Ms. Scott, Ms. Mainwaring, Catherine Campbell , and Jennifer Cadet.

Equity 226

Equity Finance Marketability 226

Benzinga

AUGUST 17, 2022

The world’s richest person created a stir in the sports world when he tweeted that he would be buying one of the most valuable and recognizable soccer teams in the world. What Happened: Tesla Inc. (NASDAQ: TSLA ) CEO Elon Musk suggested on Twitter Inc. (NYSE: TWTR ) Tuesday night that he could be buying English Premier League team Manchester United (NYSE: MANU ).

98

98

ThomsonReuters

AUGUST 15, 2022

Supplemental Public Health Emergency (PHE) Leave. Some states have laws that require the provision of supplemental COVID-19 paid sick leave. Such leave could be used to obtain a vaccination, deal with side effects, for self-isolation and quarantine, or deal with closures of the workplace or the school or daycare their child attends. However, many such provisions were COVID-19 specific and did not apply to all PHEs.

Comps 97

Comps 97

Appraisers Blog

AUGUST 18, 2022

This time around, the racial targeting is masked as a virtue under the heading “Diversity, Equity and Inclusion,” or “DEI.” Valuation Jiu-Jitsu Will Lead to Future Addie Polks Addie Polk was a 91-year-old African-American widow who shot herself in the chest in 2008 during a Fannie Mae-initiated eviction in Akron, Ohio. It marked the low point in Fannie’s embrace of toxic mortgages.

Equity 96

Equity Appraisal Banking 96

Harvard Corporate Governance

AUGUST 16, 2022

Posted by Steven Davidoff Solomon (University of California at Berkeley), Panos N. Patatoukas (University of California at Berkeley), and Byung Hyun Ahn (Dimensional Fund Advisors), , on Tuesday, August 16, 2022 Editor's Note: Steven Davidoff Solomon is Professor of Law at the University of California at Berkeley School of Law; Byung Hyun Ahn is a Researcher at Dimensional Fund Advisors; and Panos N.

Corporate Finance 218

Corporate Finance Finance 218

Benzinga

AUGUST 15, 2022

Unity Software Inc (NYSE: U ) shares are down more than 5% after the company rejected a takeover proposal from Applovin Corp (NASDAQ: APP ). Monday on CNBC's "TechCheck," Unity CEO John Riccitiello reaffirmed that the company's previously announced merger with IronSource Ltd (NYSE: IS ) is the better deal for shareholders. What Happened: Unity's board unanimously determined the Applovin proposal is not in the best interest of Unity shareholders following a financial and str

98

98

Biz Equity

AUGUST 18, 2022

Technological change alone can be daunting as evidenced by the arrival of “5G” and most recently “The Metaverse”. In other words, we have ‘never been here before’ as we enter a new stage of technology growth. Although it is a potentially positive dynamic for investors, it is also economically deflating.

Technology 96

Technology 96

Mckinsey and Company

AUGUST 16, 2022

Mehnaz Mustafa spearheaded the creation of an innovative public-health data and analytics hub to inform New Jersey’s COVID-19 response, advance health equity, and tackle public-health challenges.

Equity 97

Equity 97

Harvard Corporate Governance

AUGUST 16, 2022

Posted by Marc S. Gerber, Greg Norman, and Simon Toms, Skadden, Arps, Slate, Meagher & Flom LLP, on Tuesday, August 16, 2022 Editor's Note: Marc S. Gerber , Greg Norman and Simon Toms are partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Gerber, Mr. Norman, Mr. Toms, Adam M. Howard , Kathryn Gamble , and Patrick Tsitsaros.

218

218

Benzinga

AUGUST 15, 2022

Galaxy Digital Holdings Ltd (OTC: BRPHF ) shares traded lower by 2.8% on Monday after the company announced it has scrapped a major acquisition deal. What Happened? Galaxy Digital announced it is terminating its acquisition deal for BitGo after the company failed to deliver audited financial statements for 2021. Related Link: Did Galaxy Digital CEO Mike Novogratz Get His Terra (LUNA) Tattoo Removed Following Crypto Collapse?

Marketability 98

Marketability 98

Law 360 M&A

AUGUST 18, 2022

The deals rumor mill is often overflowing with transactions that are reportedly close to being signed, but with so many rumors it can be hard to know which ones to stay on top of every week. Here, Law360 breaks down the deal rumors from the past week that you need to be aware of.

95

95

Accountancy Today

AUGUST 15, 2022

SMEs are reportedly planning to put a stop on hiring plans because of the current level of economic uncertainty, according to the Association of Chartered Certified Accountants (ACCA) and The Corporate Finance Network’s (CFN) monthly SME Recover Tracker. The tracker found just 12% of SMEs anticipate having more people on the payroll, a sharp decline compared with earlier this year in March (37%) and serves as a “strong signal” on investment.

Corporate Finance 93

Corporate Finance Finance 93

Harvard Corporate Governance

AUGUST 19, 2022

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, August 19, 2022 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of August 12-18, 2022. CSOs Have More Impact When Aligned To The CEO. Posted by Kurt Harrison, Sarah Galloway, and Emily Meneer, Russell Reynolds Associates, on Friday, August 12, 2022.

Dividends 211

Dividends Equity Marketability 211

Benzinga

AUGUST 16, 2022

Publicly traded psychedelics company Psycheceutical Bioscience Inc. (OTC: BWVI ) is signing an exclusive purchase option with end-to-end pharma R&D company Vici Health Sciences ’ majority equity stake. The company develops cutting-edge gear and novel compounds for next-gen mental health treatments, most notably proprietary NeuroDirect and Janus particle delivery technologies.

Equity 98

Equity Technology Marketability 98

Appraisers Blog

AUGUST 16, 2022

Future editions of USPAP will have an effective start date but no end date. Folks, on Thursday August 11, 2022, the ASB/TAF announced the extension of the current USPAP to the end of 2023. Assuming that a ‘new’ USPAP is formally approved in time, the next issue of USPAP will become effective January 1, 2024. But here’s the interesting wrinkle about this, which I admit I missed in their 8/11/22 announcement: “How long is the current version of USPAP effective?

Appraisal 91

Appraisal 91