Sat.Dec 31, 2022 - Fri.Jan 06, 2023

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Appraisers the Convenient Scapegoats

Appraisers Blog

The appraisers are the convenient scapegoats every time. Anytime the real estate market takes a hit, 99% of the time it is because of banking and lending practices. The appraisers are the convenient scapegoats every time. During the 1980s it was the commercial side, yet residential appraisers received both barrels of double-odd buck. Then in 2008 again: stated income, 40 year loans, predatory lending (REFINANCING), NO money down (no skin in the game); people used their homes as a slot machine t

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The board’s role: building trust in a multi-stakeholder world

Harvard Corporate Governance

Posted by Maria Castañón Moats, Paul DeNicola, and Matt DiGuiseppe, PricewaterhouseCoopers LLP, on Tuesday, January 3, 2023 Editor's Note: Maria Castañón Moats is Leader, Paul DeNicola is Principal, and Matt DiGuiseppe is Managing Director at the Governance Insights Center at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum.

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Advisor Feature: Jackson Payne in Greenville, SC

Viking Mergers

As a former college basketball coach and the CFO of a small business, Jackson Payne has always had a passion for helping others achieve their goals. This passion has led him to his current role as a Senior Advisor at Viking M&A in Greenville, SC, where he specializes in helping small business owners navigate the complex world of selling a business.

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The metaverse: Driving value in the mobility sector

Mckinsey and Company

Although a fully immersive, interconnected metaverse remains years away, mobility stakeholders can already capture real business value from the technologies designed to enable it.

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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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World Wrestling Entertainment Reviews Potential Sale, Return Of Former Chief Vince McMahon; Stock Soars

Benzinga

World Wrestling Entertainment, Inc (NYSE: WWE ) shares are gaining in the after-hours session on the news report that the company could be exploring a potential sale. The Wall Street Journal reported that former chief Vince McMahon, who retired after allegations of sexual misconduct, plans to return to the company. In July 2022, McMahon, the renowned promoter, who helped establish the careers of top stars such as Dwayne "The Rock" Johnson and John Cena , confirmed that he would officia

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Activating Sustainability in the Boardroom

Harvard Corporate Governance

Posted by Laura Sanderson, Sarah Galloway, Russell Reynolds Associates, on Wednesday, January 4, 2023 Editor's Note: Laura Sanderson co-leads the Board and CEO Advisory Partners in Europe and Sarah Galloway is co-head of the Global Sustainability Practice at Russell Reynolds Associates. This post is based on a Russell Reynolds Associates memorandum by Ms.

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Digital transformations: The five talent factors that matter most

Mckinsey and Company

Setting up a winning digital and advanced-analytics organization is hard. Decisions about talent and technology will often determine the transformation’s success.

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United Talent Agency Grows Its Literary Business

NYT M&A

With the acquisition of the literary agency Fletcher & Company, UTA added hundreds of authors to its client roster. The deal comes amid consolidation in the entertainment industry.

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2022 U.S. CEO Outlook

Harvard Corporate Governance

Posted by John Rodi, KPMG LLP, on Thursday, January 5, 2023 Editor's Note: John Rodi is the leader of the KPMG Board Leadership Center (BLC). This post is based on his KPMG memorandum. Overview. On the heels of the pandemic, CEOs are now facing another turbulent period. Our latest CEO Outlook is being released amid a business environment marred by high inflation, geopolitical tensions and fears of a recession.

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Employee Engagement in 2023: 6 Ways to Keep Employees Engaged

Rhythm Systems

Financial rewards are just the beginning of what keeps employees active in their job role. Another, more overlooked factor, is job satisfaction. Just like you want to be a part of the company and commit to the success of it, so too do the workers. But, you are also the main character in the story who can either band these individuals together or break them apart through engagement or lack thereof.

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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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Unlocking the industrial potential of robotics and automation

Mckinsey and Company

Results from the 2022 McKinsey Global Industrial Robotics Survey reveal that industrial companies are set to spend heavily on robotics and automation. However, many will need help to complete the journey.

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Gridiron Completes Investment In Deposition Solutions Co.

Law 360 M&A

Connecticut-based investment firm Gridiron Capital LLC announced Thursday that it has completed its investment in Atlanta-based Esquire Deposition Solutions, which provides reporting, video and interpreting services for law firms and corporations.

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2022 U.S. Shareholder Activism and Activist Settlement Agreements

Harvard Corporate Governance

Posted by Melissa Sawyer, Lauren Boehmke and Susan Lindsay, Sullivan & Cromwell LLP, on Thursday, January 5, 2023 Editor's Note: Melissa Sawyer , Lauren Boehmke are partners and Susan M. Lindsay is counsel at Sullivan & Cromwell LLP. This post is based on a Sullivan & Cromwell memorandum by Ms. Sawyer, Ms. Boehmke, Ms. Lindsay, Rodge Cohen , and Marc Treviño.

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ACI Worldwide Mulls Potential Sale To Private Equity

Benzinga

ACI Worldwide Inc (NASDAQ: ACIW ) is reportedly discussing a potential sale with private equity firms. The payments-software provider said it is working with financial advisers as it fields takeover interest, Bloomberg reported. One of the people told Bloomberg there’s no certainty ACI will reach a deal given the. Full story available on Benzinga.com.

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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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Treat Your IT Risk Assessment as More Than a Checkbox Exercise

Audit Board

With cybercrime on the rise, the average cost of a data breach in the United States is $9.44M according to the 2022 IBM Cost of a Data Breach report , and it’s predicted that the global annual cost of cybercrime will reach $8 trillion in 2023. As attacks grow in frequency and severity, organizations cannot take a “business as usual” approach to IT risk.

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How can organisations build their resilience to cybersecurity threats?

Avanade

Malcolm Barske, Avanade’s Security Lead for the UK & Ireland, explains why it’s never been more critical to build resilience and protect your organisation against cyber-attacks.

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2023 Annual Letter to Boards

Harvard Corporate Governance

Posted by Pamela Marcogliese, Freshfields Bruckhaus Deringer LLP, on Friday, January 6, 2023 Editor's Note: Pamela Marcogliese is a Partner at Freshfields Bruckhaus Deringer LLP. This post is based on her Freshfields piece. Introduction. Against a backdrop of challenging macroeconomic forces, our 2023 annual letter to boards is one that emphasizes understanding and preparing for the additional hurdles that will compound and be compounded by these macroeconomic forces.

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Over $400M Robinhood Stock Linked To Sam Bankman-Fried, Dell Eyes Reducing Dependence On China, Walgreens Swings To Quarterly Loss: Top Stories Today

Benzinga

Benzinga. $465M Of Robinhood Stock Linked To Sam Bankman-Fried To Be Seized By Justice Department. The U.S. Department of Justice is working to seize $465 million worth of Robinhood Markets Inc (NASDAQ: HOOD ) shares associated with Sam Bankman-Fried , the founder of the collapsed FTX cryptocurrency exchange. The prosecutors are not considering the 56 million Robinhood shares to be a part of the bankruptcy estate, U.S.

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Two Proven Growth Strategies for Business Owners

Biz Equity

If growth is a 2023 goal for your business owner clients, you can enhance the value you bring to those important relationships by helping them understand and implement different strategies for increasing their company’s valuation.

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Dignity funeral services firm targeted in first UK takeover bid of the year

The Guardian M&A

Consortium spearheaded by Direct Line founder, Sir Peter Wood, have swooped for company A consortium spearheaded by Direct Line founder Sir Peter Wood has swooped for the funeral services company Dignity in the first UK takeover attempt of the year. A subsidiary of Valderrama – a joint venture between Wood’s investment firm SPWOne and investment house Castelnau Group – has made a possible offer for the London-listed company, whose board recommended the deal to shareholders.

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How Companies Should Approach Shareholder Proposals This Proxy Season

Harvard Corporate Governance

Posted by Shaun J. Mathew, Kirkland & Ellis LLP, on Tuesday, January 3, 2023 Editor's Note: Shaun J. Mathew is a partner at Kirkland & Ellis LLP. This post is based on a Kirkland & Ellis memorandum by Mr. Matthew, Sarkis Jebejian , Sophia Hudson and Christina Thomas. Key Takeaways: The SEC’s “shareholder proposal rule” was adopted to provide proponent shareholders access to management and fellow shareholders, but with limits to ensure that such access was not being misused or abused

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Valens Obtains Final Court Order Approving Merger With SNDL

Benzinga

The Valens Company Inc. (TSX: VLNS) (NASDAQ: VLNS ), announced that the Ontario Superior Court of Justice (Commercial List) has granted a final order approving the previously announced plan of arrangement with SNDL Inc. (NASDAQ: SNDL ) under Section 192 of the Canada Business Corporations Act in accordance with the terms of the arrangement agreement between Valens and SNDL dated August 22, 2022.

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Repositioning commercial P&C underwriting for market uncertainties

Mckinsey and Company

Underwriters can use granular trend-impact diagnostics on portfolios, recalibrated risk selection, and greater underwriting agility to adapt to the evolving and uncertain insurance market.

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Greenberg Traurig Adds Ex-Holiday Inn Vacations GC In Fla.

Law 360 M&A

Greenberg Traurig PA has picked up Holiday Inn Club Vacations Inc.'s longtime general counsel as the newest attorney in the firm's Orlando, Florida, office.

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Crisis prevention and readiness

Harvard Corporate Governance

Posted by Claudia H. Allen, David A. Brown, and Patrick A. Lee, KPMG LLP, on Monday, January 2, 2023 Editor's Note: David A. Brown is leader, Claudia H. Allen and Patrick A. Lee are senior advisors at KPMG LLP. This post is based on their KPMG memorandum. Crisis prevention and readiness. Crisis prevention and readiness have taken on greater urgency for management and boards as corporate crises—frequently self-inflicted— continue to make headlines.

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Goldman Sachs Bullish On M&A Deals Activity Picking Up In Late 2023

Benzinga

Goldman Sachs Group Inc (NYSE: GS ) seems to be bullish on the recovery of global mergers & acquisition deals in the second half of 2023 despite slow economic growth and a weak credit market. The projections come after global M&A activity fell almost one-third to $3.78 trillion in 2022 from a record $5.91 trillion in 2021, according to Dealogic data.

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Real-world data quality: What are the opportunities and challenges?

Mckinsey and Company

Growth in the availability and variety of real-world data, including nonhealth sources of data, opens up new opportunities, as well as challenges, in their application to real-world evidence and improving health outcomes.

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Go Beyond The Operating Cash Flow Formula

Redpath

Forecasting your operating cash flow can help your business tremendously. There’s a simple formula, but you will want to customize it to work best for you.

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Industry Asset Revaluations around Public and Private Acquisitions

Harvard Corporate Governance

Posted by Philip Valta (University of Bern), on Wednesday, January 4, 2023 Editor's Note: Philip Valta is a Professor of Finance at University of Bern. This post is based on an article forthcoming in the Journal of Financial Economics by Professor Valta, Professor François Derrien , Professor Laurent Frésard , and Professor Victoria Slabik. Summary of the findings: We study whether M&A activity improves the informational efficiency of financial markets – i.e., the ability of asset prices to

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GMS Enters New York City Market With New Acquisition & Greenfield Location

Benzinga

Specialty building products distributor GMS Inc (NYSE: GMS ) has expanded its platform with its first entries in the New York City market. The company has acquired Tanner Bolt and Nut Inc. and opened a ceilings-focused greenfield location. The financial terms were not disclosed. Tanner Bolt and Nut Inc distributes. Full story available on Benzinga.com.

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What is proof of stake?

Mckinsey and Company

Proof of stake (PoS) is a consensus protocol in blockchains. It is a way to decide which user or users validate new blocks of transactions and earn a reward for doing so correctly.

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Bias and Discrimination in Reports, Yes or No?

Appraisers Blog

Appraisers, should we include discussion of B&D in our reports? Wait, What?? Bondage and Discipline? No, not that. Bias and Discrimination. Yes, it must be addressed very clearly. Now, before you blow a cork or throw your mouse at the computer screen, let’s examine what’s really been impacting ‘us’ for the past 4 plus years. One of our peers, who’s become somewhat famous for the way articles are written about appraisal and other topics, had a recent article ‘rebroadcasted’ in AppraisersBlogs

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ESMA Consultation Paper on Fund Names to Tackles Greenwashing

Harvard Corporate Governance

Posted by Paul Davies, Nicola Higgs, Latham & Watkins LLP, on Wednesday, January 4, 2023 Editor's Note: Paul A. Davies and Nicola Higgs are partners at Latham & Watkins LLP. This post is based on a Latham memorandum by Mr. Davies, Ms. Higgs, Anne Mainwaring and Dianne Bell. The European Securities and Markets Authority proposes to restrict ESG- and sustainability-related terms in the naming of funds, with an eye on the US and UK fund naming regimes.

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Tokyo Gas Poised To Acquire US Natural Gas Producer From Private Equity In Almost $5B Deal

Benzinga

Tokyo Gas Co Ltd's (OTC: TKGSY ) (OTC: TKGSF ) unit is reportedly in advanced talks to buy Rockcliff Energy from Quantum Energy Partners for about $4.6 billion. The unit, TG Natural Resources , which is 70% owned by Tokyo Gas, is expected to announce the deal sometime this month, the sources told Reuters. Castleton. Full story available on Benzinga.com.

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