Wed.Sep 25, 2024

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Shadow Banking and Securities Law

Harvard Corporate Governance

Posted by Gabriel Rauterberg (Michigan Law School) and Jeffery Y. Zhang (Michigan Law School), on Wednesday, September 25, 2024 Editor's Note: Gabriel Rauterberg is a Professor of Law and Jeffery Y. Zhang is an Assistant Professor of Law at the University of Michigan Law School. This post is based on their article forthcoming in the Journal of Stanford Law Review.

Banking 146
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Is the world facing a state of permacrisis?

Mckinsey and Company

Leading economists Mike Spence and Mohamed El-Erian talk about the “pretty complicated and disorienting environment” we face.

Finance 135
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Inside Disney’s Star CEO Wars

Harvard Corporate Governance

Posted by Kurt Moeller, FTI Consulting, on Wednesday, September 25, 2024 Editor's Note: Kurt Moeller is a Managing Director at FTI Consulting. This post is based on his FTI Consulting memorandum. Epic battles are the stock in trade for The Walt Disney Company (“Disney”), and not just on the big screen. Over the past 40 years, Disney has faced three waves of shareholder activism, with the first two resulting in its CEO being replaced.

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Meeting the Need for Tech-Driven International Banking Solutions

Global Finance

Susanne Prager, head of cash management at Raiffeisen Bank International (RBI), discusses the challenges affecting global banking services and the need for the latest tech tools to help companies succeed in CEE and around the world. Global Finance: What are the overall trends impacting international banking transactions? Susanne Prager: With the inclusion of new markets in the EU, businesses demand faster, more transparent, and compliant cross-border transactions.

Banking 98
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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 brings whistleblower enforcement actions against seven companies

Harvard Corporate Governance

Posted by Kyoko Takahashi Lin, Robert Cohen, and Sidney Bashago, Davis Polk & Wardwell LLP, on Wednesday, September 25, 2024 Editor's Note: Kyoko Takahashi Lin , Robert A. Cohen , and Sidney Bashago are Partners at Davis Polk & Wardwell LLP. This post is based on a Davis Polk memorandum by Ms. Lin, Mr. Cohen, Ms. Bashago, Fuad Rana , and Veronica Wissel.

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Better together: Three ways to boost board–CEO collaboration

Mckinsey and Company

As the board’s role becomes ever more complicated, stronger partnership with management, especially the CEO, can help directors create the most value for their organizations.

More Trending

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Advancing R&D for chronic diseases with AI: A conversation with Novo Nordisk’s CSO

Mckinsey and Company

As head of R&D at Novo Nordisk, Marcus Schindler is leading the company’s efforts to embrace external innovation and expand into new therapeutic areas with AI as a powerful catalyst for progress.

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Comment on New UAD Overhaul: What Appraisers Can Expect in 2025 & Beyond by Baggins

Appraisers Blog

In reply to Koma. Like that comment Koma. Some people are naturals with a camera. Other people simply never took the time to acquire those skills. The days of simply copying photos for this type of work are now more complicated. MLS’s nationwide have updated their rules. [link] [link] Pg 25-32, ownership of mls compilations and copyrights. What is contained in appraisal reports is not the GSE’s privately owned data they can do whatever they want without restriction.

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Materials ‘green’ premia: Trends and outlook to 2030

Mckinsey and Company

With the markets for sustainable materials subject to recent headwinds, what will be the impact on green premia? A new survey paints a cautiously optimistic picture.

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Comment on Stoked by HUD, Cottage Industry Shakes Down Mom-and-Pop Appraisers by Baggins

Appraisers Blog

In reply to Pray Hard. [link] That is a doc linked from your article. #450, specifically notes real estate appraisers. The issue is complicated because even under previous rules, many lenders and amc’s were already exceeding their authority and were in violation of previous IRS rules on classification of independent contractors. They have been using appraisers and forcing us into certain working conditions which should have classified us as employees, resulting in entitled benefits.

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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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2024 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

Machen McChesney

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements.

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Comment on Stoked by HUD, Cottage Industry Shakes Down Mom-and-Pop Appraisers by Pray Hard

Appraisers Blog

The harassment campaign aims to accelerate loan approvals, circumventing the appraisal process, which they view as an unnecessary obstacle.

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Keeping companies safer by matching them with the right cybersecurity providers

Mckinsey and Company

Bosch worked with McKinsey to develop and launch CyberCompare—a cybersecurity purchasing platform to help businesses and public sector entities compare quotations and match with cybersecurity vendors and service providers.

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Rightmove rejects third bid from Rupert Murdoch’s REA Group

The Guardian M&A

Australian company says it is frustrated that UK property website has refused to engage over £6.1bn offer Rightmove has rejected a third bid from Rupert Murdoch’s REA Group and said the offer was “unattractive” and undervalues the UK’s largest online property portal. On Wednesday Rightmove confirmed that its board had “unanimously rejected” the non-binding cash-and-shares offer put forward on Monday, which valued the company at £6.1bn.

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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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Spend digital twin: A tool for volatility

Mckinsey and Company

Spend digital twins could revolutionize procurement by handing negotiation power back to buyers—providing a clear and real-time view of fair market price.

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Cutoffs: When to Report Revenue and Expenses

Machen McChesney

Timing is critical in financial reporting. Under accrual-basis accounting, the end of the accounting period serves as a “cutoff” for when companies recognize revenue and expenses. However, some companies may be tempted to play timing games, especially at year-end, to boost financial results or lower taxes.

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Will autonomy usher in the future of truck freight transportation?

Mckinsey and Company

Autonomous trucks offer compelling use cases and benefits to total cost of operation that could translate to an approximately $600 billion market in 2035.

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Watching the Watchdogs: Tracking SEC Inquiries Using Geolocation Data

Reynolds Holding

The Securities and Exchange Commission plays a crucial role as the watchdog of Wall Street by detecting financial misconduct and enforcing securities laws, but much of its investigative process has remained opaque to researchers and the public. In a new paper, we “watch the watchdogs” by building a geospatial database that allows us to uncover unprecedented insights into the SEC’s monitoring of public firms.

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Kimco Realty Stock Rises 25.9% in Three Months: Here's How

Benzinga

Shares of Kimco Realty (NYSE: KIM ) have soared 25.9% in the past three months compared with its industry's rally of 17.2%. This Jericho, NY-based retail real estate investment trust (REIT) is well-poised to benefit from its portfolio of premium shopping centers, which are predominantly grocery-anchored, in the drivable first-ring suburbs within key major metropolitan Sunbelt and coastal markets.

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Is an MBA Worth It? The Top 3 Reasons to Do the Degree

Brian DeChesare

If you ever want to trigger an entire community, go to an MBA-related subreddit and ask whether “an MBA is worth it.” You’ll get a wide range of responses, but most will be some variation of: “Yes, of course it’s worth it because I did it / I am doing it currently.” I wrote this article because I’m more of a neutral, 3 rd party observer. I never did an MBA, but plenty of friends and acquaintances have, and so have many students and coaching clients.

Finance 59
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Private Equity Firms Circle Sanofi's Consumer Health Business Amid Potential Spinoff

Benzinga

In October 2023, Sanofi SA (NASDAQ: SNY ) announced its plans to spin off its consumer healthcare business as the French pharmaceutical company outlined its strategic update to increase investment in its drug-development pipeline and cut costs. Sanofi said the spinoff would allow it to increase its focus on innovative medicines and vaccines. Sanofi’s consumer health unit boasts a portfolio that includes popular over-the-counter products like Phytoxil cough syrups, Icy Hot pain relief gels,

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Big corporate predators bolster global M&A market

Financial Times M&A

String of recent megadeals includes $36bn acquisition by Mars and $20bn takeover by Verizon

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What building owners need to know about decarbonizing operations

Mckinsey and Company

McKinsey partner Brodie Boland explains how decarbonizing building operations is more crucial—but also more doable—than ever.

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Nonprofits need to cultivate a new type of workforce

LaPorte

(authored by RSM US LLP) Nonprofits need to cultivate a new type of workforce by adopting a more operational mindset and investing in technology, which will attract top talent The post Nonprofits need to cultivate a new type of workforce first appeared on LaPorte.

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New Book: “Buy-Sell Agreements: Valuation Handbook for Attorneys”

Auto Dealer Valuation Insights

We are excited to share the release of our latest book Buy-Sell Agreements: Valuation Handbook for Attorneys authored by Z. Christopher Mercer, FASA, CFA, ASA and published by the American Bar Association. This week, we share an excerpt from the book that discusses what you can expect to find in the full copy.

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Cancer Detection Biz To Go Public Via $694M SPAC Merger

Law 360 M&A

Special purpose acquisition company Breeze Holdings Acquisition Corp. on Wednesday announced that it has agreed to merge with and take public clinical-stage biopharmaceutical company YD Biopharma Ltd. in a deal that gives the combined company an estimated enterprise value of $694 million and was built by three firms.

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Striking the Right Balance Between Margins and Compensation

Auto Dealer Valuation Insights

An RIA’s margin is a simple, easily observable figure that condenses a range of underlying considerations about a firm that are more difficult to measure. As much as a single metric can, margins reflect the health of a firm—indicating whether a firm has the right people in the right roles, whether it’s charging enough for services, whether it has enough (but not too much) overhead, and much more.

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E-Bike Maker Argues In Del. Supreme Court To Salvage Sale

Law 360 M&A

An attorney for a private equity affiliate that beat a Barcelona-based electric scooter rental chain's attempt to force a closing on the scooter company's $100 million sale in Chancery Court told Delaware's Supreme Court Wednesday that the seller's current appeal ignores its own fatal contract breaches.

Equity 52
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Nano Dimension Snaps Up Markforged In $115M Deal: Details

Benzinga

Markforged Holding Corporation (NYSE: MKFG ) and Nano Dimension Ltd. (NASDAQ: NNDM ) shares jumped on Wednesday after the companies disclosed an acquisition deal. As per the deal, Nano Dimension will acquire all outstanding shares of Markforged in an all-cash deal at $5.00 per share. The aggregate total consideration payable to Markforged’s shareholders is $115 million.

Equity 52
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IP Protection Firm's $426M SPAC Merger Is Scrapped

Law 360 M&A

Intellectual property management firm Zacco Holdings, formerly known as OpSec Group, and blank check company Investcorp Europe Acquisition Corp. I on Wednesday announced that they will be terminating their merger plans.

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HP Strengthens Digital Ecosystem Control With Vyopta Acquisition

Benzinga

HP Inc (NYSE: HPQ ) announced Wednesday the acquisition of Vyopta for an undisclosed price. Vyopta is an Austin, Texas-based provider of collaboration management solutions. It offers analytics and monitoring for extensive, unified communications and collaboration (UC) networks. Also Read: Broadcom Chipset Fuels FS’s High-Performance AI Networking Solutions Vyopta brings vast expertise and infrastructure to turbocharge the development of HP’s Workforce Experience Platform.

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US Steel Clears One Hurdle In $14B Nippon Steel Deal

Law 360 M&A

An arbitration board has sided with U.S. Steel amid its union's challenge to a planned $14.9 billion acquisition by Nippon Steel, clearing one hurdle while Nippon continues fighting on another front for approval from the Committee on Foreign Investment in the U.S.

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As CFIUS Announces Significant Penalties, Companies and Investors Confront a Shift in CFIUS Filing Cost-Benefit Dynamics

Cooley M&A

On the heels of releasing its 2023 Annual Report to Congress, the Committee on Foreign Investment in the United States (CFIUS) publicly announced six new penalties on parties that failed to comply with CFIUS requirements in connection with cross-border transactions. The penalties range from $100,000 to a staggering $60 million fine for T-Mobile’s alleged violation of the terms of a National Security Agreement (NSA), imposed as a condition of CFIUS’s approval of T-Mobile’s merger with Sprint.

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UpHealth Wins Most Of $115M Award In Glocal Merger Dispute

Law 360 M&A

Bankrupt digital health services company UpHealth can enforce a large part of a $115 million arbitral award against the Indian healthcare services platform Glocal in their feud over an ill-fated merger, an Illinois federal judge has ruled.

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