Tue.Apr 23, 2024

article thumbnail

“ES” Versus “G” in Corporate Governance: You Can’t Have It All

Harvard Corporate Governance

Posted by Patrick Corrigan (University of Notre Dame), on Tuesday, April 23, 2024 Editor's Note: Patrick Corrigan is an Associate Professor of Law at the University of Notre Dame Law School. This post is based on his working paper. The environmental, social, and governance (ESG) moniker implies a coherence between corporate social responsibility and corporate governance.

257
257
article thumbnail

In Silicon Valley, You Can Be Worth Billions and It’s Not Enough

NYT M&A

Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.

Start-ups 138
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Alternative Data – A COSO perspective

Harvard Corporate Governance

Posted by Nicolas H.R. Dumont, Dave Navetta and Michael Egan, Cooley LLP, on Tuesday, April 23, 2024 Editor's Note: Nicolas H.R. Dumont , Dave Navetta and Michael Egan are Partners at Cooley LLP. This post is based on a Committee of Sponsoring Organizations of the Treadway Commission (COSO) memorandum by Mr. Dumont, Mr. Navetta, Mr. Egan, and Ryan Blair.

article thumbnail

What is top of mind for dairy executives in 2024?

Mckinsey and Company

How will the US dairy industry evolve in response to growing concerns about sustainability and other issues? We conducted our sixth annual survey of dairy executives to find out.

137
137
article thumbnail

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.

article thumbnail

The Gist of Tornetta

Harvard Corporate Governance

Posted by Michael R. Levin, The Activist Investor, on Tuesday, April 23, 2024 Editor's Note: Michael R. Levin is the Founder and Editor of The Activist Investor. This post is based on his TAI memorandum. Sounds like a novel, right? Rather than our effort to distill to its essence the complicated, enormous lawsuit that TSLA shareholder Richard Tornetta won against CEO Elon Musk and eight directors to clawback $56 billion in exec comp?

Comps 129
article thumbnail

Managing 1071 Costs

N Contracts

Small business lenders worried about the high cost of Section 1071 implementation should consider the benefits of outsourcing.

More Trending

article thumbnail

ButcherJoseph Advises Environmental Restoration on a Sale to Its Employees

Butcher Joseph & Co.

ButcherJoseph Advises Environmental Restoration on a Sale to Its Employees. The post ButcherJoseph Advises Environmental Restoration on a Sale to Its Employees appeared first on ButcherJoseph & Co.

94
article thumbnail

Apollo sells stake in asset-backed lending unit to insurer MassMutual

Financial Times M&A

Deal with Atlas SP comes after private capital group acquired unit from Credit Suisse

94
article thumbnail

Business Owners Looking to Sell Can Use ESOPs to Their Advantage

Butcher Joseph & Co.

ESOPs have become a compelling choice for business owners planning to sell within the next five years. The post Business Owners Looking to Sell Can Use ESOPs to Their Advantage appeared first on ButcherJoseph & Co.

82
article thumbnail

Pendragon owner to cut hundreds of jobs in used car overhaul

Financial Times M&A

New owner of UK dealerships will close second hand marketplace following pandemic-era slump in supply

87
article thumbnail

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

article thumbnail

Comment on Fannie Mae to Maryland: DROP DEAD by Spencer Paul

Appraisers Blog

Mortgage giant Fannie Mae and her twin, Freddie Mac, have a message for the State of Maryland: Kindly disintegrate.

81
article thumbnail

Ithaca Energy agrees £750mn deal for most of Eni’s UK oil and gasfields

Financial Times M&A

The transaction should turn the London-listed company into one of the North Sea’s largest producers

86
article thumbnail

Comment on Fannie Mae to Maryland: DROP DEAD by PD

Appraisers Blog

In reply to Mat J. Maybe too much? The question comes to mind, who’s bidding are they doing? For the good of the public? Seems to me when reviewing the facts, the consumer has been us getting the short of the stick for some time now yet they are just singing in the rain.

80
article thumbnail

Ardian’s £2bn UK music console maker deal marks buyout activity revival

Financial Times M&A

Sale of Audiotonix to PAI comes as private equity transactions pick up after a slow 18 months

Equity 83
article thumbnail

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.

article thumbnail

Medtech propels economic growth and innovation in Southern California

Mckinsey and Company

Many medtech companies are thriving in Southern California, and prospects are bright for continued development of the sector. Leaders who capitalize on the region’s advantages have much to gain.

72
article thumbnail

Handbag deal challenge contains warning for all serial acquirers

Financial Times M&A

The FTC has defined a specific market of accessible luxury it says will be harmed if the deal goes through

article thumbnail

Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Baggins

Appraisers Blog

Great find Bill. The CU system is a mass assessment hedonic regression tool. [link] Corelogic/FNC patent on appraisal report auto review. Expanded patent history, they share the tools with lenders. [link] Systems in place to predict borrowers behavior based on statistical data of millions of loans, thousands of factors, including activity not related to lending, and geographic data.

article thumbnail

JD Sports to deepen US reach with $1bn bid for Hibbett

Financial Times M&A

Aggressive acquisitions have pushed sportswear chain into more than 30 countries

77
article thumbnail

Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Shawn M Prince

Appraisers Blog

Census, zip code and big data. Can someone explain to me how City of Trenton and neighboring Hamilton Township NJ are supposed to be valued the Same? Thats where Fannie is taking this. The 2 locations well they share multiple zip codes yet Trenton is a decades year old capital of New Jersey and Hamilton is a suburb mostly built mid-century. They share zip codes, but they don’t share schools, services, etc.

article thumbnail

When M&A goes wrong

Financial Times M&A

Examining how the sale of a California supermarket to a private equity firm turned rotten

article thumbnail

Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Dave

Appraisers Blog

Am I the only one who recognizes that there is insufficient qualitative data points in a URAR 1004 to run a reliable AVM. Q3/Q4, C3/C4 is not necessarily consistent (not to mention binary) and may vary depending on comps and no one I know ever makes a line item functional adjustment, and the below/above grade reconciliation is totally contrived to often zero out towards TOTAL GLA; and land value has nothing to do with cost/acre (square vs long rectangle same acreage) – just a few reasons w

Comps 65
article thumbnail

Telecom Italia averts Vivendi showdown at AGM

Financial Times M&A

Italian phone carrier to avoid clash over chief reappointment as French conglomerate abstains

75
article thumbnail

Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by ERIC S KENNEDY

Appraisers Blog

FNMA's Census Block Grid adjustment, which modifies values based on median home values within specific census blocks, is akin to redlining.

65
article thumbnail

The McKinsey Crossword: Women’s Book Club | No. 177

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.

60
article thumbnail

Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Mary Cummins

Appraisers Blog

FNMA's Census Block Grid adjustment, which modifies values based on median home values within specific census blocks, is akin to redlining.

64
article thumbnail

Navigating Change in the Family Business

Auto Dealer Valuation Insights

Mercer Capital had the opportunity to sponsor and attend Family Business Magazine’s 2024 Transitions Spring Conference in sunny Tampa, Florida. As always, the team at Family Business Magazine did a great job organizing and hosting the gathering of a few hundred representatives from nearly 90 successful enterprising families.

59
article thumbnail

Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Spencer Paul

Appraisers Blog

In reply to Bill. It would have to be. If they are using that information to arrive at the CBG adjustments, then it would only be logical that it was being used to locate sales the CU would prefer you use in order to lower the risk score, or in otherwards lower the value. They are the culprits and the one’s that are gaslighting the media about appraiser’s are doing when they are doing it.

article thumbnail

FTC Files Lawsuit To Block $8.5B Merger Of Coach And Versace Handbag Makers

Benzinga

The U.S. Federal Trade Commission (FTC) has launched a lawsuit to halt the $8.5 billion acquisition of Capri Holdings Ltd. (NYSE: CPRI ) by Tapestry Inc. (NYSE: TPR ). What Happened : The FTC’s lawsuit, filed on Monday, contends that the proposed merger would eliminate direct competition between the two luxury handbag manufacturers, potentially impacting wages and employee benefits, Reuters reported.

article thumbnail

Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Jason

Appraisers Blog

In reply to Spencer Paul. Spencer Paul, review that last sentence and it’s good. There is a spelling error and I believe there is an incorrect word or two. But it’s good.

63
article thumbnail

Why Is Athletic-Inspired Fashion Retailer Hibbett Stock Jumping Today?

Benzinga

Hibbett, Inc. (NASDAQ: HIBB ) shares are trading higher by 18% in the premarket session on Tuesday. Hibbett announced a definitive agreement in which JD Sports Fashion PLC (OTC: JDSPY ) will acquire Hibbett for $87.50 per share in cash, representing an aggregate enterprise value of approximately $1.1 billion. Per share price represents a 21% premium to the April 22, 2024, closing price.

article thumbnail

Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Spencer Paul

Appraisers Blog

And this is why the state of Maryland is investigating FNMA, thier valuation acceptance and appraisal waivers that leave people in the dark about thier actual property values. Just trust us they say. Did Zillow do this and imploded?

article thumbnail

Understanding Balance Sheet Restructuring: Its Significance and Impact in M&A

Scott Mashuda

Mergers and acquisitions (M&A) are critical events for businesses, presenting opportunities to achieve synergies , enhance resilience, and strengthen their competitive position. Within these activities, balance sheet restructuring is a vital component, allowing companies to reorganize their financial structure to support these goals. By adjusting assets, liabilities, and equity, balance sheet restructuring helps businesses optimize their financial health and strategic alignment during and a

Equity 52
article thumbnail

Comment on Fannie Mae ‘Census Block Grid’ Adjustment Raises Redlining Concerns by Bill Johnson

Appraisers Blog

With permission from the original author, please feel free to use the below comment as is or edit to your liking. The comment was written after an underwriter expressed concern regarding a comp that was outside the neighborhood (by way of its census tract) and that no neighborhood adjustment adjustment was applied. In short, it was a bogus condition that was cleared, but the hope was that new comment would prevent such time wasting requests in the future.

Comps 62
article thumbnail

Ithaca Energy Inks £754M Deal For Eni's UK Oil, Gas Sites

Law 360 M&A

Ithaca Energy has agreed to buy a "substantial" portion of the U.K. oil and gas-producing assets of Eni of Italy for approximately £754 million ($937 million) as the independent operator eyes expansion in the North Sea.

52