Mon.Aug 05, 2024

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2024 Proxy Roundup: ESG Metrics in Incentive Compensation Plans

Harvard Corporate Governance

Posted by Simone Hicks, Eric Juergens and Ulysses Smith, Debevoise & Plimpton LLP, on Monday, August 5, 2024 Editor's Note: Simone Hicks and Eric Juergens are Partners, and Ulysses Smith is an ESG Senior Advisor at Debevoise & Plimpton LLP. This post is based on a Debevoise memorandum by Ms. Hicks, Mr. Juergens, Mr. Smith, Alison Buckley-Serfass , Tricia Sherno and Beatrice Techawatanasuk.

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NFL Sunday Ticket Verdict Overturned—Rule 702 Applies to Exclude Witnesses

BVR

In a surprising decision in the NFL Sunday Ticket1 class action litigation the Court grants the Defendants’ motion for judgment as a matter of law. The judgment of the Jury after the trial was in favor of the Plaintiffs.

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Summary of Shareholder Voting on Rule 14a-8 Proposals

Harvard Corporate Governance

Posted by Neil McCarthy, James Palmiter and G. Michael Weiksne, DragonGC, on Monday, August 5, 2024 Editor's Note: Neil McCarthy is Co-Founder and Chief Product Officer, James Palmiter is CEO and Co-Founder, and G. Michael Weiksner is Co-Founder and Chief Technology Officer at DragonGC. This post is based on a DragonGC memorandum by Mr. McCarthy, Mr.

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LLM to ROI: How to scale gen AI in retail

Mckinsey and Company

Retailers continue to experiment with generative AI and are seeing that the technology holds great promise for reigniting growth—if they move quickly to seize the opportunity.

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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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Lessons from the Biggest Business Tax Cut in US History

Harvard Corporate Governance

Posted by Gabriel Chodorow-Reich (Harvard University), Owen Zidar (Princeton University), Eric Zwick (University of Chicago), on Monday, August 5, 2024 Editor's Note: Gabriel Chodorow-Reich is the George Fisher Baker Professor of Economics at Harvard University, Owen Zidar is a Professor of Economics and Public Affairs at Princeton University, and Eric Zwick is a Professor of Economics and Finance at the University of Chicago Booth School of Business.

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Post-July 2024 Fed Meeting

Value Scope

FedScope, Vol. 24 No. 8 B y: Thomas Rizzo Fed Meeting Decision During the July 31 st , 2024, Fed meeting, the Federal Open Market Committee (FOMC) kept the target federal funds rate unchanged at 5.25% – 5.50%. Federal Reserve Chair Jerome Powell put the possibility of an initial September rate cut on the table. During the meeting Powell mentioned, “We’re getting closer to the point at which it’ll be appropriate to reduce our policy rate”, after citing that greater progress towards lower in

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What’s Next in the U.S. Antitrust Cases Against Amazon, Apple, Google and Meta

NYT M&A

The federal government has more lawsuits in the pipeline trying to rein in the tech giants, including another antitrust case against Google that goes to trial next month.

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Zelle Controversy Heats Up: JPMorgan Considers Legal Action

Benzinga

JPMorgan Chase & Co. (NYSE: JPM ) shares are trading lower premarket today. The bank disclosed that it is contemplating legal action against a U.S. consumer watchdog over the agency’s investigations into the Zelle payment app. In its filing, the bank stated that it is addressing inquiries from the Consumer Financial Protection Bureau (CFPB) about fund transfers via the Zelle Network.

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Comment on Lack of Fee Transparency: Exposing the AMC Exploitation by Baggins

Appraisers Blog

In reply to Retired Appraiser. Your inability to understand why the appraisal profession is necessary to save, to protect the very fundamentals of checks and balances incorporated alongside independent small businesses. You’ll see how the absence of these safeguards affects your family, and entire communities in the future. Just wait.

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How European consumers perceive electric vehicles

Mckinsey and Company

As the electric-vehicle market continues to grow in Europe, customer expectations are also evolving.

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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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Comment on Lack of Fee Transparency: Exposing the AMC Exploitation by Baggins

Appraisers Blog

In reply to steve. Thank you for the vote of confidence but I’m not the one. I do not want to be an appraiser anymore and would not recommend this career to anyone. Only by a string of very lucky circumstances am I hanging on. The fight for the entire appraisal industry happened in the GSE space. And that fight appears to be lost. Nobody wants me in charge.

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Warner Bros Discovery looks to avoid break-up with smaller asset sales

Financial Times M&A

Executives fear ‘years of legal challenges’ if they split its TV and movie studio businesses

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Comment on Lack of Fee Transparency: Exposing the AMC Exploitation by Baggins

Appraisers Blog

In reply to Retired Appraiser. The statement justifying the fee paid to unions was; That’s less then what amc’s take out of one appraisal fee. The catch 22 is; Because amc’s have restrained our trade, we don’t have that income source in the first place. Half of nothing. Is still nothing.

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SAFE Caps and Discounts: Setting the right terms for your round

Equidam

Increasingly, founders are turning to convertible instruments when raising the initial rounds of capital for their companies. These agreements allow deals to be struck without (directly) negotiating a valuation, expediting the process by setting aside key terms for the future. There are two main categories of convertible instrument: Convertible Notes, a form of debt with interest payments until the point of conversion, and SAFEs which are quite literally simple agreements for future equity.

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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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Comment on Lack of Fee Transparency: Exposing the AMC Exploitation by Retired Appraiser

Appraisers Blog

In reply to Mark Hastert. Define “sizeable” Have they presented their case in detail to appraisers and informed appraisers as to what they can expect in the form of action? I have yet to run across their action plan much less their statistical projection of success.

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Wood Group suitor pulls out of takeover, blaming market turmoil

The Guardian M&A

Shares in FTSE 250 company slump 37% in early trading after Dubai-based Sidara cites geopolitical risk The share price of the British oil services company John Wood Group has plunged by more than a third after a Dubai-based suitor pulled out of a purchase amid global market turmoil. In a statement to the stock market on Monday the engineering company Sidara said it had pulled out of a bid for Wood “in light of rising geopolitical risks and financial market uncertainty”.

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Comment on Lack of Fee Transparency: Exposing the AMC Exploitation by Larry Fuller

Appraisers Blog

In reply to steve. Appraisers have always been prohibited or discouraged from discussing fees because of “price fixing”., But I rest assured the AMC do this because they are not under the same antitrust fixing guidelines. Appraiser have been too afraid to address this topic because of antitrust rules … Agreed there is something missing. The ability to openly discuss fees and compensation.

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Trout CPA Welcomes Stephen Martz to our Tax Resolution Team

Trout CPA

Trout CPA is thrilled to welcome Stephen Martz to our Tax Resolution team. Stephen brings over seven years of specialized experience in tax planning, preparation, and resolution from public and private practice.

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Comment on Lack of Fee Transparency: Exposing the AMC Exploitation by Retired Appraiser

Appraisers Blog

In reply to Mark Hastert. Appraisers may be willing to pay that IF they were certain that the union would move forward and do something. We’ve been hearing about unions offering to help for years but nothing happens. I suggest that the unions interested in collecting those fees present their plan upfront to appraisers and tell them precisely what they can do to assist.

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Navigating the Evolving Landscape: Emerging Trends in M&A

Sun Acquisitions

In the dynamic world of mergers and acquisitions (M&A), staying ahead of the curve is crucial for success. As businesses adapt to ever-changing market conditions and technological advancements, new trends are reshaping the landscape of deal-making. From the increasing prevalence of cross-border transactions to the transformative impact of technology, let’s delve into some of the latest trends shaping the future of M&A.

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Comment on Lack of Fee Transparency: Exposing the AMC Exploitation by Mark Hastert

Appraisers Blog

In reply to Baggins. The AMCs are taking half or more of our fees with every appraisal. Why doesn’t someone ask the AGA to comment? The success of any concerted action is achieving critical mass.

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Arcadium Lithium Stock Is Moving Lower Monday: What's Going On?

Benzinga

Arcadium Lithium Plc (NYSE: ALTM ) shares are trading lower Monday after the company announced that it acquired the lithium metal business of Li-Metal Corp. What To Know: Arcadium Lithium announced the acquisition of the lithium metal business of Li-Metal Corp for $11 million in cash. The all-cash transaction includes the intellectual property and physical assets related to lithium metal production, including a pilot production facility in Ontario, Canada.

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Comment on Lack of Fee Transparency: Exposing the AMC Exploitation by Mark Hastert

Appraisers Blog

In reply to Baggins. But the wheels of bureaucracy grind very slowly. If a professional guild with tens of thousands of members demanded action, attention would be paid.

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Woodside Expands Clean Energy Footprint with $2.35B Lower Carbon Ammonia Project Acquisition

Benzinga

Woodside Energy Group Limited (NYSE: WDS ) disclosed a deal to acquire 100% of OCI Global’s equity interests in the Clean Ammonia project under construction in Beaumont, Texas, for $2.35 billion on a cash-free and debt-free basis. The purchase price will be split , with 80% paid at closing and the remaining 20% settled upon project completion, defined as when the plant meets the agreed-upon terms and conditions.

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Comment on Lack of Fee Transparency: Exposing the AMC Exploitation by Honest Appraiser

Appraisers Blog

In reply to Retired Appraiser. Thanks for sticking around RA, words of experience and wisdom are needed. There WAS a life before AMC’s controlled 80% or more of the work and the fees… this used to be a Profession. But we have been picked as the low hanging fruit. The Feds and rules determined us to be Independent – and the AMC’s have abused and taken advantage of our Independence at every opportunity.

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Mubadala races to salvage European start-up investments

Financial Times M&A

Executives at Abu Dhabi’s $300bn fund lead restructurings and management changes as valuations sink

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Comment on Lack of Fee Transparency: Exposing the AMC Exploitation by steve

Appraisers Blog

In reply to Mark Hastert. something must be missing.we hear of unions trying to form in coffee shops, hotels, uber and others on a regular basis…big unions are there to help with organizing…it would come with a cost but i think most appraisers would rather give a few dollars for dues rather then hundreds to AMCs.

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SocGen to sell UK and Swiss private bank units for €900mn

Financial Times M&A

French bank is slimming down under chief executive Slawomir Krupa

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Comment on Lack of Fee Transparency: Exposing the AMC Exploitation by Baggins

Appraisers Blog

If the appraisal industry were to have a unified union which all appraisers were aware of and had simple access to, that would need to come directly from The Appraisal Foundation. Otherwise we’re left with volunteer efforts which the majority of industry participants are unaware of, and there is no cost effective way to reach out to them or compel their likely membership.

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Elon Musk Can't Beat Twitter Investors' Suit Over Bot Claim

Law 360 M&A

A California federal judge on Monday denied Elon Musk's bid to escape a shareholder suit alleging he misled Twitter investors by claiming the company had to provide information on an alleged bot problem before he could move forward with his $44 billion acquisition, saying Musk leaned on already-rejected arguments.

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Comment on Lack of Fee Transparency: Exposing the AMC Exploitation by Retired Appraiser

Appraisers Blog

AMCs exploit consumers' lack of knowledge by charging exorbitant prices for appraisals while concealing the true cost from borrowers.

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DXC Investor's Suit Says Execs Overhyped Integration Efforts

Law 360 M&A

A DXC Technology investor filed a proposed class action in Virginia federal court Friday alleging the information technology giant over-touted its "transformation journey" and efforts to reduce restructuring and integration costs after acquiring several companies that caused investors to buy DXC common stock at artificially inflated prices.

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Comment on Lack of Fee Transparency: Exposing the AMC Exploitation by Mark Hastert

Appraisers Blog

AMCs exploit consumers' lack of knowledge by charging exorbitant prices for appraisals while concealing the true cost from borrowers.

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Poultry Co. Fights Bid For $217K In Legal Costs For Subpoena

Law 360 M&A

A poultry rendering company suing Tyson Foods for allegedly deploying anticompetitive tactics in order to force a dramatically undervalued buyout is fighting a bid from Darling Ingredients, a nonparty in the suit, to recoup the money spent fighting a subpoena.

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