Tue.Apr 09, 2024

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CEO Compensation and Cash-Flow Shocks: Evidence from Changes in Environmental Regulations

Harvard Corporate Governance

Posted by Ross Levine (Stanford University), on Tuesday, April 9, 2024 Editor's Note: Ross Levine is a Senior Fellow at the Hoover Institution at Stanford University. This post is based on a NBER working paper by Seungho Choi , Professor Levine, Raphael Jonghyeon Park , and Simon Xu. Foundational theories of the firm suggest that (1) shocks to expected cash flows influence shareholder preferences toward corporate risk-taking, and (2) shareholders may respond by altering the risk-taking incentive

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Swap Exchange | No. 175

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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HLS Forum on Corporate Governance Continues Growing

Harvard Corporate Governance

The Harvard Law School Forum on Corporate Governance published a total of 647 posts during 2023, and its readership has continued to display steady growth, including: Attracting more than 200,000 unique readers a month; Having visitors to the Forum coming from 233 countries and territories during the year; and Attracting more than 4.1 million page views.

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How manufacturing’s Lighthouses are capturing the full value of AI

Mckinsey and Company

Artificial intelligence is defining the Fourth Industrial Revolution, and production front-runners are finding significant impact throughout the factory, production network, and supply chain.

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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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SEC Fines Two Investment Advisers for “AI Washing”

Harvard Corporate Governance

Posted by David Blass, Meaghan Kelly, and Michael Osnato, Simpson Thacher & Bartlett LLP, on Tuesday, April 9, 2024 Editor's Note: David Blass , Meaghan Kelly , and Michael Osnato are Partners at Simpson Thacher & Bartlett LLP. This post is based on a Simpson Thacher memorandum by Mr. Blass, Ms. Kelly, Mr. Osnato, and Partner Rajib Chanda. On March 18, 2024, the SEC announced settled charges against two investment advisers for making false and misleading statements about their use of art

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State of Grocery Europe 2024: Signs of Hope

Mckinsey and Company

Although economic uncertainty will likely persist in 2024, grocery retailers could fuel profitable growth by future-proofing the assortment, driving efficiency savings, and monetizing retail media.

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More Trending

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Voice of the US farmer 2023–24: Farmers seek path to scale sustainably

Mckinsey and Company

A McKinsey survey finds that 90 percent of farmers are aware of sustainable-farming practices, but holistic adoption remains low; they seek more operational and financial support.

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Playing Hockey Makes Me A Better Lawyer

Law 360 M&A

Nearly a lifetime of playing hockey taught me the importance of avoiding burnout in all aspects of life, and the game ultimately ended up providing me with the balance I needed to maintain success in my legal career, says John Riccione at Taft.

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Tradespeople wanted: The need for critical trade skills in the US

Mckinsey and Company

US manufacturing and construction face a hiring crunch for skilled workers such as carpenters, electricians, welders, and plumbers. A few creative actions can help overcome gaps and boost performance.

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April 2024 Regulatory Brief: Junk Fees and AI Regulation

N Contracts

Welcome to our April Regulatory Brief where the Ncontracts team of experts covers the most important regulatory compliance developments of March 2024.

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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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A growth journey toward green and local

Mckinsey and Company

CEO Yves Claude shares insights into Auchan’s commitment to sustainability with local sourcing and long-term supplier relationships as it expands significantly across geographies.

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Comment on Valuation Connect Demands Licenses, Denies Fair Pay by Koma

Appraisers Blog

In reply to Robert N. Mossuto Jr. Same happened to me in 2023, but I had backup plans also. I have less than 2 years before I retire and believe me we can’t wait until that happens. Time to travel abroad. Not even paying attention to the emails talking about the new forms supposably coming out in 2025. Good Luck ya’ll !

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10 tips to develop a successful brand [cheat sheet]

JPAbusiness

A few years back, we were delighted to partner with business branding experts Richard Amos and Mike Wilkinson to create our ebook: Brand and Corporate Identity for Small to Mid-Sized Businesses. In this cheat sheet we have distilled some of Richard and Mike’s valuable tips for establishing and maintaining a successful brand identity. Click on the image to download a pdf version of the cheat sheet.

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Comment on Valuation Connect Demands Licenses, Denies Fair Pay by Dave

Appraisers Blog

I don’t understand this conversation. Why would any licensed appraiser lend their hard earned signature to the Lyle Rieke FANNIE hybrid nonsense. Please, please remember without your signature or some sell out licensed AMC owned supervisor, they are DEAD in the water. Seriously, as Nancy said – “Just say no”!

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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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Building the future: Focusing on digitalization and sustainability

Mckinsey and Company

Lionel Souque, CEO of Rewe Group, explains how his company is building the future through digitalization, retail media, and sustainability.

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Comment on Valuation Connect Demands Licenses, Denies Fair Pay by Robert N. Mossuto Jr.

Appraisers Blog

Regulators and rule makers could give two **its and a damn about appraisers! The bottom line is it should be illegal for an AMC to maintain 82 percent of a fee paid by a consumer. Truth be told, it should be illegal for an AMC to maintain ANY monies paid by the consumer. If the closing document states the appraiser received $600, then the appraiser should receive $600, period!

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Beeper Messaging App Is Acquired as a Bet on a Regulatory Shift

NYT M&A

Automattic, the company behind WordPress.com, bought Beeper in an effort to build a system that works across Android and Apple devices.

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Comment on Valuation Connect Demands Licenses, Denies Fair Pay by Baggins

Appraisers Blog

In reply to Bill Johnson. Fannie stated; ‘The hybrid programs will help appraisers earn more money!’ This comes from FHFA tying GSE executives compensation and bonuses to their ability to incrementally eliminate the full service appraiser from the process. [link] Page 5. Code word; I do not think it means what they think it means. Intimidating appraisers works, and works well.

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Simplicity, efficiency, and sustainability in discount grocery

Mckinsey and Company

Reitan Retail’s CEO talks about two milestone deals that show the distinctiveness of the company’s discounter model.

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Comment on Valuation Connect Demands Licenses, Denies Fair Pay by Older and maybe Wiser

Appraisers Blog

Collusion: secret or illegal cooperation or conspiracy, especially in order to cheat or deceive others. Why can law enforcement, health care workers, teachers, fast food workers, airline pilots, fire fighters, medical doctors, athletes, elected officials, movie stars, Et.al all talk about their income and fair pay……… yet when an appraiser or a REALTOR talks about compensation…… some !

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Meal delivery shouldn’t be a luxury

Mckinsey and Company

CEO Niklas Ă–stberg explains how Delivery Hero is doubling down on grocery delivery to unlock further growth.

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Comment on Valuation Connect Demands Licenses, Denies Fair Pay by Koma

Appraisers Blog

We as appraisers are our own worst enemy period! I have two AMC clients (15+ years) and just the other day an order came in for a 1004 at $300 typically $550-$600. I bid $325 just to see what would happen (if came to me at that price I would have canceled anyway) and it went to someone else. Now I’m not suggesting we collude, but come on man.

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UBS Navigates Complex Regulatory Terrain in Bid for Full Control of China Platform

Benzinga

UBS Group AG (NYSE: UBS ) is reportedly in discussions to attain full ownership of its China platform through a strategic swap involving its stake in Credit Suisse’s onshore securities venture. The Zurich-based lender is reportedly eyeing the 33% stake held by Beijing State-Owned Assets Management Co. in their joint venture UBS Securities Co., in exchange for selling part or all of its 51% stake in Credit Suisse Securities (China) to a Beijing government investment fund.

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Comment on Valuation Connect Demands Licenses, Denies Fair Pay by Bill Johnson

Appraisers Blog

For those keeping score at home, as a follow up to my prior post, please note the following. San Diego families need an income of nearly $275,000 a year to afford a mortgage on a home, which is nearly double what it was before the pandemic, according to a new report from the real estate website Zillow.Mar 14, 2024. Assuming a 40% cost to run your appraisal business, how many $55 dollar hybrid appraisals would one need to complete in San Diego before you could afford to buy a house?

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Jim Cramer Was Upset At This Hostile Takeover, But 'They Fixed The Situation. Stock's Been A Horse'

Benzinga

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he prefers Abbott Laboratories (NYSE: ABT ) over Penumbra, Inc. (NYSE: PEN ). "I still fear it after the environmental damage. I am concerned that you can’t really put a price on it," Cramer said when asked about Hawaiian Electric Industries, Inc. (NYSE: HE ). "I think that the fires were too great, and therefore the stock could still go lower.

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Comment on Valuation Connect Demands Licenses, Denies Fair Pay by Joseph

Appraisers Blog

My work has slowed to a crawl due to the so called “better, faster, cheaper” hybrid and desktop assignments (which I turn down), but some jamoke appraisers are accepting these to keep money coming in, and I feel sorry for them that they have to prostitute themselves to these unethical AMC’s; there is absolutely NO ONE fighting for us, the AI just dreams up new USPOOP material we all have to abide by or else.

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Paul Hastings-Led STG Makes ÂŁ147M Offer For Software Co.

Law 360 M&A

Gresham Technologies PLC said on Tuesday it has agreed to an offer from U.S. private equity firm STG Partners LLC to buy the software business for ÂŁ146.7 million ($185.6 million).

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Comment on Valuation Connect Demands Licenses, Denies Fair Pay by Baggins

Appraisers Blog

In reply to Jesse L. What is a DF C&R compliant fee for a hybridized third and fourth party reliant work product which was never in existence prior to that rule? For a product which only exists within the amc space? Missing the IVPI Proposal yet?

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Top 5 Things to Know About Valuation of Assets and Liabilities

RNC

The valuation assets and liabilities are necessary for various financial dealings that demand trust, transparency, and accountability. Whether it’s about investment opportunities, financial reporting, or strategic planning, having reliable asset valuations allows stakeholders to make choices based on solid information. Valuations the process of determining the monetary value of assets and liabilities.

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Comment on Valuation Connect Demands Licenses, Denies Fair Pay by Bill Johnson

Appraisers Blog

Considering my city is the most expensive place to live in the U.S [link] good luck to those appraisers saying yes to those $55 Stewart Valuation Intelligence / Proteck hybrid offers. No offense Johnathan, but at $220 you would be paid four times more than what is being offered to many appraisers in my area. Of note, the property below is reflected at 1.7 million in Zillow.

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Heavy Truck Appraisals

Peak Business Valuation

Heavy trucks not only carry great weight, but great value. Equipment fair value is critical for buyers , sellers , lenders , and owners to understand. As one of these individuals, you may have some questions. What is a heavy truck appraisa l? When should I obtain one? As a certified machinery and equipment appraiser , we have some answers. In this article, we discuss the nature and purpose of a heavy truck appraisal.

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Comment on Valuation Connect Demands Licenses, Denies Fair Pay by Bill

Appraisers Blog

I’m not suggesting appraisers should collude on pricing… But if appraisers went out of office for the entire month of June for just their AMC clients, lenders would quickly get the message about the benefits of a direct engagment panel.

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New Relic Shareholder Sues To Force Open Corp. Books

Law 360 M&A

Another shareholder of web analytics firm New Relic Inc. has sued in Delaware's Court of Chancery for corporate records related to the company's $6.5 billion, $87-per-share buyout by private equity firms Francisco Partners and TPG, the latest in a string of shareholder suits seeking records on the deal.

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Comment on Valuation Connect Demands Licenses, Denies Fair Pay by Baggins

Appraisers Blog

Ask for their data retention policies regarding the drivers license. Companies are required to furnish their own data retention policies upon request of some ones personally identifying information. The radical changes to the appraisal industry may have further reaching consequences than just restructuring appraisers engagements. They have walked the line between treating appraisers as independent contractors, vs being employees.