Harvard Corporate Governance

SEPTEMBER 18, 2023

These deviations amount to over $60 billion in discretionary investment decisions, roughly equivalent to Target Corporation’s entire market capitalization. We analyze funds that track the S&P 500 – the most widely used index – and find their holdings regularly diverge from the index’s, by between 1.7% more…)

Market Capitalization 230

Market Capitalization Marketability 230

Harvard Corporate Governance

AUGUST 25, 2022

market capitalization, at meetings held on or before June 30, 2022. The Rule 14a-8 shareholder proposals we discuss are those submitted to and/or voted on at annual meetings of the U.S. members of the S&P Composite 1500, which covers approximately 90% of U.S. We estimate that around 90% of U.S.

Market Capitalization 246

Market Capitalization Marketability 246

Harvard Corporate Governance

OCTOBER 22, 2024

Fair value transfer is the aggregate grant date fair value of all long-term incentive awards granted during a given year as a percentage of company market capitalization value at grant and as a percent of revenue. Overhang, measured based on potential share dilution as well as the fair value of outstanding grants.

Market Capitalization 147

Market Capitalization Equity Marketability 147

Harvard Corporate Governance

AUGUST 1, 2023

companies with market capitalizations greater than $500 million at the time of campaign announcement. In other words, not all activists are the alpha generators that they are made to seem, and the majority do not deliver on their campaign promises of outperformance beyond an immediate “pop.”

Marketability 242

Marketability Total Shareholder Return Alpha Market Capitalization 242

Harvard Corporate Governance

MARCH 28, 2023

billion and median market capitalization of $7.0 This post investigates compensation actions for CEOs and CFOs at S&P 1500 companies that have fiscal year ends between 9/30 and 11/30. The sample consists of fifty cross-industry companies with median revenue of $4.6 incentive compensation) slightly lower for CFOs (more…)

Equity 230

Equity Market Capitalization Marketability 230

Harvard Corporate Governance

OCTOBER 5, 2024

EXECUTIVE SUMMARY Our 2024 Annual Incentive Plan Report provides a comprehensive review of the annual incentive plans of the top 250 largest companies in the S&P 500 by market capitalization.

Market Capitalization 162

Market Capitalization Marketability 162

Benzinga

JANUARY 17, 2023

Shiba Inu (CRYPTO: SHIB ) surpassed Litecoin (CRYPTO: LTC ) to become the thirteenth largest cryptocurrency by market capitalization early on Wednesday. What Happened: At the time of writing, SHIB’s market cap stood at $6.9 billion, while Litecoin’s market cap was at $6.3

Market Capitalization 128

Market Capitalization Marketability 128

Harvard Corporate Governance

MAY 18, 2022

The collapse killed 270 people, caused immeasurable environmental and social harm, and led to a loss of more than $4 billion in Vale’s market capitalization.” As described in this press release , the SEC has filed a complaint against Vale S.A.,

Market Capitalization 235

Market Capitalization Marketability 235

Musings on Markets

FEBRUARY 8, 2024

First, let's look at the performance of these seven stocks in 2023, when their collective market capitalization increased by a staggering $5.1 In terms of dollar value added, Microsoft and Apple each added a trillion dollars to their market capitalizations, during the year. trillion during the course of the year.

Marketability 141

Marketability Market Capitalization Start-ups Equity 141

Harvard Corporate Governance

AUGUST 7, 2023

Another turning point occurred in 2018 when the board of Tesla awarded CEO Elon Musk a performance-vested stock-option package valued at up to $56 billion , based on achieving an aggressive series of market capitalization, revenue, and cash flow targets over a 10-year period.

Equity 230

Equity Market Capitalization Technology Marketability 230

Harvard Corporate Governance

AUGUST 22, 2022

Compliance costs are not a significant portion of market capitalization. the impact of climate-related events and transition activities on the line items of a registrant’s consolidated financial statements, as well as on the financial estimates and assumptions used in the financial statements. Let us start with the costs.

Compliance 188

Compliance Market Capitalization Marketability 188

Harvard Corporate Governance

APRIL 16, 2024

The A share market is the second largest in the world in terms of total market capitalization, trailing only the US equity markets. The number of listed firms has been growing since then, with more than 5,000 firms now listed in the two exchanges and the newly established Beijing Stock Exchange.

Marketability 162

Marketability Finance Market Capitalization Banking 162

Harvard Corporate Governance

FEBRUARY 21, 2024

3] The Grant On January 21, 2018, Tesla’s Board of Directors (the “Board”) [4] unanimously approved the Grant, which would vest based on Tesla’s achievement of certain market capitalization goals, as well as operational milestones related to revenue and adjusted EBITDA targets. The process arrived at an unfair price.” [3]

Equity 229

Equity EBITDA Market Capitalization Marketability 229

Harvard Corporate Governance

OCTOBER 23, 2024

The Survey summarizes market practices at 200 large publicly traded companies across all industries (referred to herein as the “Meridian 200”). These companies have median revenues and market capitalizations of $24.8B and $41.0B, respectively, making them a representative sample of the S&P 500.

Market Capitalization 113

Market Capitalization Marketability 113

Harvard Corporate Governance

SEPTEMBER 30, 2022

companies with market capitalizations of at least $100 million and where ISS and Glass Lewis published voting recommendations. At the same time, those proxy advisors’ recommendations have offered specific critiques of activists’ campaigns that suggest how activists can alter their approaches to achieve more success.

Market Capitalization 145

Market Capitalization Marketability 145

Benzinga

APRIL 22, 2022

A 12-tranche bonus structure depending on market cap was incorporated in the agreement, with each tranche split into $50-billion portions. Starting with $100 billion, each $50 billion in market capitalization unlocked the following tranche. This would mean that once Musk took Tesla to. Full story available on Benzinga.com.

Market Capitalization 95

Market Capitalization Marketability 95

Benzinga

NOVEMBER 8, 2022

What Happened: The overall cryptocurrency market capitalization dropped on Tuesday on the heels of Binance selling its position in the FTX token (CRYPTO: FTT ). Two of the leading cryptocurrency companies are merging in a deal announced Tuesday. Here are the early details.

Market Capitalization 98

Market Capitalization Marketability 98

Harvard Corporate Governance

JUNE 7, 2024

Such companies currently enter from time to time into stockholder agreements when they settle with hedge fund activists. In a study titled Dancing with Activists , which Brav, Jiang, Keusch, and I co-authored, we provide an empirical study of hundreds of such settlement agreements and document the types of provisions that they include.

Market Capitalization 124

Market Capitalization Finance Marketability 124

Harvard Corporate Governance

MARCH 25, 2024

The target companies span a range of market capitalizations, industries, and geographies, and include names like Walgreens, Amazon, and Verisk Analytics. These letters go beyond a traditional “sell” rating, instead advocating for specific, sometimes wholesale, changes at the company.

Market Capitalization 140

Market Capitalization Marketability 140

Harvard Corporate Governance

JUNE 18, 2022

exchanges had a total market capitalization of $1.4 China Economic and Security Review Commission reports that, as of March 31, 2022, Chinese companies listed on the three largest U.S.

Market Capitalization 133

Market Capitalization Marketability 133

Benzinga

OCTOBER 7, 2022

That's a humongous discount from the company's peak market capitalization of $7.3 What Happened : Over the last three months, analysts offered 12-month price targets for Poshmark, giving it an average of $15.38 with a high of $17.50 and a low of $11. billion when it went public in January 2021.

Market Capitalization 96

Market Capitalization Marketability 96

Musings on Markets

OCTOBER 12, 2023

On the alternative energy front, as money has flowed into these companies, there has been a surge in enterprise value (equity and net debt) and market capitalization (equity value); I report both because impact investing can also take the form of green bonds, or debt, at these companies.

Market Capitalization 112

Market Capitalization Enterprise Value Start-ups Marketability 112

Benzinga

MAY 6, 2024

Ordered by market capitalization , tier 1 MSOs include Curaleaf Holdings (OTC: CURLF ) at $4.15 Increased Benefits For Tier 1 Mult-State Operators The analysis highlights a crucial trend in the valuation gap between Tier 1 multi-state operators (MSOs) and smaller entities, which has widened to a three-year high.

Market Capitalization 78

Market Capitalization Marketability Mergers & Acquisitions 78

Musings on Markets

JULY 17, 2023

To the extent that some of that risk capital is coming back into the markets, equity markets have benefited, with benefits skewing more towards the companies and markets that were punished the most in 2022. trillion) to market capitalizations, regaining almost half of the value lost in last year's rout.

Marketability 98

Marketability Risk Premium Start-ups Treasury 98

Musings on Markets

FEBRUARY 12, 2022

In the midst of all the action, to no one's surprise, have been six stocks (Facebook, Amazon, Netflix, Google, Apple and Microsoft or FANGAM) that have largely driven US equities for the last decade, roiling the market with their most recent earnings reports.

Market Capitalization 103

Market Capitalization Equity Marketability Start-ups 103

Benzinga

JANUARY 21, 2024

As reported by The Wall Street Journal , Arkhouse Management and Brigade Capital Management proposed on December 1 to purchase all outstanding Macy's common stock they do not currently own at $21 per share. This gives the company a market capitalization of $4.8 Full story available on Benzinga.com

Market Capitalization 69

Market Capitalization Marketability 69

Global Finance

OCTOBER 7, 2024

Intel’s market share continues to decline. Its stock price has plummeted 60% this year and its market capitalization fell below $100 billion in early August: the first time that has happened since 2012. A strategic partner like Qualcomm or Broadcom, by contrast, “may be hard to find.”

Private Equity Firm 93

Private Equity Firm Finance Market Capitalization Marketability 93

Law 360 M&A

AUGUST 21, 2024

on Wednesday to create a new natural resources company dubbed Core Natural Resources with a market capitalization of approximately $5.2 Latham & Watkins LLP attorneys guided Arch Resources Inc. in its all stock merger with Consol Energy Inc.

Market Capitalization 52

Market Capitalization Marketability 52

Reynolds Holding

MAY 22, 2022

Pill Trigger Thresholds Should Be Assessed Against Market Capitalization. The absence of an inverse correlation between market capitalization and trigger threshold is peculiar; in today’s world, what is relevant is the dollar stake an activist can acquire, not the threshold percentage. 5 billion market capitalization).

Market Capitalization 75

Market Capitalization Marketability Equity 75

Essentials of Corporate Finance

JANUARY 5, 2022

If you are not familiar with BTCS, the company has two full-time employees, a market capitalization of about $46 million, and hasn't shown a profit for the last four years. The company will pay each shareholder the equivalent of 5 cents in bitcoin or cash, at the discretion of the shareholder.

Market Capitalization 52

Market Capitalization Technology Marketability 52

Law 360 M&A

SEPTEMBER 20, 2024

have nixed their merger plans that would have seen Freight Farms go public at a market capitalization of around $147 million. Miami-headquartered special purpose acquisition company Agrinam Acquisition Corp. and Boston-based agricultural technology company Freight Farms Inc.

Market Capitalization 52

Market Capitalization Technology Marketability 52

Musings on Markets

SEPTEMBER 1, 2021

In the graph below, I plot the market capitalization of Chinese listed companies, in dollar terms, and as a percent of market capitalization of all global companies: World Bank Database Chinese equities have risen from a negligible share of global market capitalization, in 2000, to more than 10% of global market capitalization, in 2020.

Market Capitalization 98

Market Capitalization Marketability Start-ups Technology 98

Law 360 M&A

APRIL 30, 2024

For microcap issuers, the special-purpose acquisition vehicle market tells a cautionary tale in which few targets attain the advantages they seek, and important considerations for companies with market capitalization of under $300 million include negotiating costs and expenses upfront to avoid becoming saddled with debt, say attorneys at Lucosky Brookman. (..)

Marketability 52

Marketability Market Capitalization 52

Law 360 M&A

MAY 2, 2024

billion market capitalization loss. The top brass at medical device company Masimo Corp. has been hit with a shareholder derivative action claiming they harmed the company and "confused" investors by pushing through a $1 billion acquisition of an audio equipment company, allegedly causing a steep drop in stock prices and a $5.1

Market Capitalization 52

Market Capitalization Marketability 52

Musings on Markets

MAY 20, 2022

Historical Data: 1930-2019 To see how this framework works in practice, let's start by looking at the performance of US stocks, across the decades, and look at the returns on stocks, broadly categorized based on market capitalization and price to book ratios.

Price to Book 102

Price to Book Dividends Beta Equity 102

Law 360 M&A

FEBRUARY 27, 2023

Dar Global announced on Tuesday that it has completed London's largest listing so far in 2023 at a market capitalization of $600 million, with Norton Rose Fulbright guiding the Dubai-based real estate development company.

Market Capitalization 52

Market Capitalization Marketability 52

Law 360 M&A

MAY 9, 2023

Amala Foods PLC said Tuesday that it is weighing the takeover of a private company in the healthcare, natural resources or technology sectors, as it looks to use its public listing to include a company that would raise its market capitalization.

Market Capitalization 52

Market Capitalization Technology Marketability 52