Wed.Jul 31, 2024

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Anti-ESG Proposal Surged in 2024 But Earned Less Support

Harvard Corporate Governance

Posted by Heidi Welsh, Sustainable Investments Institute, on Wednesday, July 31, 2024 Editor's Note: Heidi Welsh is the Executive Director at the Sustainable Investments Institute (SI2). This post is based on her recent Si2 memorandum. Shareholder proponents who do not support limiting corporate environmental impacts, promoting diversity, or providing investors with more ESG disclosure flooded this year’s corporate annual meeting agendas.

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Pre-July 2024 Fed Meeting

Value Scope

FedScope, Vol. 24 No. 7 By: Thomas Rizzo US Economy: Inflation The Consumer Price Index (CPI), a key inflation gauge, rose 3.0% year over year in June, down from 3.3% in May. Economic Growth: Real Gross Domestic Product (GDP), increased at a 2.8% annual rate in the second quarter of 2024, which was greater than the 2.1% expected. Labor Market: Monthly job growth remains strong, unemployment has increased to 4.1% in June, and job openings have fallen slightly to 8.2 million.

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The Iberian green industrial opportunity: Electrification and renewables

Mckinsey and Company

Cooperation from all stakeholders can drive Iberian decarbonization through electrification and renewables deployment. Here we discuss the ambition, challenges, and potential unlocks for Spain.

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Multiple-voting shares in Europe – A comparative law and economic analysis

Harvard Corporate Governance

Posted by Klaus J. Hopt (Max Planck Institute) and Susanne Kalss (Alpen-Adria-University Klagenfurt), on Wednesday, July 31, 2024 Editor's Note: Klaus J. Hopt is Emeritus Director at the Max Planck Institute of Comparative and International Private Law, and Susanne Kalss is Professor of Law at Alpen-Adria-University Klagenfurt. This post is based on their working paper.

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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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Making more medicines that matter

Mckinsey and Company

Productivity in biopharmaceutical R&D has slumped for a decade or more. We propose a recipe for sustainable, value-creating innovation, even in the face of strengthening industry headwinds.

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Mastercard Seeks Caribbean Fintech Partners For New Products

Global Finance

Mastercard has issued a call to action for financial technology companies to solve financial issues in the Caribbean. In return, Mastercard offers expertise in complying with regional regulations, market entrance and the ability to license and certify products. “We’re more a network that enables various fintech to introduce new products into the market within the context of local regulations,” Mastercard’s country manager for Barbados, Jamaica, Trinidad & Tobago and the Eastern Caribbean, Da

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Vodafone Idea In India Explores Alternative Avenues To Raise Capital

Global Finance

Facing looming 5G spectrum financing and rock-bottom data prices, Vodafone gets creative with alternative funding options. Numerous Indian companies and multinational subsidiaries in India are heading for IPOs in the next few months, as funding capital projects amid India’s infrastructure boom takes precedence over other corporate finance activities.

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How To Grow Marketing, Biz Dev Teams In A Tight Market

Law 360 M&A

Faced with fierce competition and rising operating costs, firms are feeling the pressure to build a well-oiled marketing and business development team that supports strategic priorities, but they’ll need to be flexible and creative given a tight talent market, says Ben Curle at Ambition.

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

Appraisers Blog

Well written and I agree with 99.9% of what you have written. What I question is – doesn’t the initial fee to the borrower come from the lender? It’s seems to me that the lenders should be sharing the blame along with AMCs. I want to applaud you, specifically, on the bit about appraisers being afraid to speak up/out unless it’s anonymous for fear of their livelihood.

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Discover Could Pay $200M In Card 'Misclassification' Fines

Law 360 M&A

Discover Financial Services told investors on Wednesday that it could face $200 million in potential regulatory penalties over its past "misclassification" of certain credit card accounts, an issue that's also led to class action litigation and other scrutiny for the card giant.

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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 Pray Hard

Appraisers Blog

AMC’s were never “well intentioned” They knew what they were doing from the get-go. Thanks to our little buddy Cuomo in New York, lenders can own AMC’s. Now, by its very nature, a lender owning an AMC and making profit off of an appraiser’s back is a fraud on the American public. Oh, they’re supposed to be neutral?

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Retailers’ climate road map: Charting paths to decarbonized value chains

Mckinsey and Company

Most emissions captured in the average retailer’s Scope 3 metric are generated via product value chains. These value chains can be decarbonized—but only with targeted multistakeholder actions.

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

Appraisers Blog

We have no voice in this. No one has looked after our interest because we’re 70,000 individuals. They starve us and pick us off one by one. A starving dog will eat scraps.

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Author Talks: How to claim your 15 minutes of fame

Mckinsey and Company

Harvard University professor Cass Sunstein explores the nature of culture markets, popularity, and fame—who wants it, who gets it, and how.

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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 Pray Hard

Appraisers Blog

Sorry to bring this up, but you young/younger appraisers here might believe that some day things will get better if you just keep believing. I’ve been doing this 41 years and they’ve only gotten worse. There have been interludes of good times, but they are too brief. The propagandists, including appraisers, will tell you that if you just do this or that, work harder and longer for lesser fees, take another course, integrate DEI, find another matched pair, just push value on this one

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Cybersecurity: A key focus for North American Banks

Global Finance

Banks function in a digital economy where threats are constantly rising – there were twice as many unique cyber incidents in the third quarter of 2023 compared to the previous year. Building guardrails for banking customer data across a customer’s journey has gained paramount importance – from customer acquisition, as well as through customer engagement, retention and even at exit.

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

Appraisers Blog

Well done! The only thing that I think needs to be added is the LENDER’S part in all of this. AMCs are not required, and the Lenders are failing to do their due diligence and Audit their vendors (AMCs) Lenders are also responsible and need to be held accountable.

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Redpath and Company Receives 15th Annual International M&A Award

Redpath

Saint Paul, Minnesota (July 31, 2024 ) - Redpath and Company (Redpath) was announced as a winner of the 15th Annual International M&A Awards presented by The M&A Advisor in the Corporate/Strategic Deal of the Year category for deals ranging from $50M to $100M. The winners will receive their awards onstage at a Black-Tie Gala on Tuesday, September 24, in New York City.

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

Appraisers Blog

Well done Desiree! Relating to appraisal fee transparency, its also important for the powers to be to understand that even if an AMC is not used by the client we are often charged 5 to 12% for so called technology, platform, or review fees. Meaning, in the case of United Wholesale Mortgage, when they say they pay $555 for a typical appraisal (in San Diego / most expensive city in the US), the actual net to the appraiser is $493.6.

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Oasis Painting & Renovation Announces Successful Transition Through Sun Acquisitions

Sun Acquisitions

Chicago, IL – July 31, 2024—Oasis Painting & Renovation, a leading Chicago-based provider of residential renovation and maintenance services, has successfully transitioned ownership under the guidance of Sun Acquisitions, to strategic acquirer NuEra Enterprises. Oasis Painting & Renovation, a family-owned business, has served the apartment and property management industry for over three decades.

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

Appraisers Blog

Perfect Desiree. I made the same decision not to work for any AMC and am happier than ever with the job. Private work can be a well paid job with a great deal of client appreciation. It’s a disgrace this hasn’t been stopped by now. Public Trust is a joke these days and no one seems to care. Good job. Thanks for the time and spreading the truth!!!

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Who Is Boeing's New CEO Kelly Ortberg? Former Rockwell Collins Chief Comes Out Of Retirement

Benzinga

After years of operations marred in controversy , Boeing Co (NYSE: BA ) announced the hire of a new chief executive on Wednesday, replacing the outgoing Dave Calhoun. What Happened: Boeing has faced years of widespread criticism following two crashes of its 737 Max and the fleet’s subsequent grounding. The cacophony of criticism multiplied following safety incidents in 2024 , a lawsuit against the company by the U.S.

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

Appraisers Blog

Good exposure. However, how does this impact or adjust the appraisal fee beyond what appraisal companies or appraisers are willing to accept? While this information is valuable and necessary for consumer disclosure, we must be realistic—the paying party of the appraisal is primarily concerned with the overall fee, not the breakdown of where the fee goes.

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Sun Acquisitions Facilitates the Sale of Chain O’ Lakes Transportation to Strategic Acquirer

Sun Acquisitions

Sun Acquisitions, a prominent mergers and acquisitions firm in Chicago, is thrilled to announce the successful sale of Chain O’ Lakes Transportation, a provider of alternative transportation solutions, to strategic acquirer JW Chicago. JW currently operates similar transportation operations in the northeast. Established in 2009, Chain O’ Lakes Transportation was born from the founder’s vision of providing reliable and compassionate transportation for special needs students.

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

Appraisers Blog

In reply to Pray Hard. Young appraiser here… We are not optimistic. We see the writing on the wall and know that this is not a promising profession. There’s too much money and influence outside of the profession, which continues to suffocate new appraisers. I think the larger AMCs will lock step with FNMA and push out the remaining ethical appraisers when they release new forms that will require more time, money, and analysis, but offer less compensation for the product so they can k

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Bill Ackman wanted $25bn. He got zero

Financial Times M&A

Plus, Ares raises a record private credit fund and Rio Tinto stays out of the mining dealmaking frenzy

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

Appraisers Blog

HA HA HA, The worm is turning. I just kicked up my bids a hundred bucks. I haven’t been making any money for a long time. I could have made more money mowing grass.

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Fla. Jury Awards $8.3M In Spat Over Sale Of Pro Player Brand

Law 360 M&A

A Florida jury has awarded Perry Ellis $8.3 million after finding that United Legwear Co. purposely depressed the value of Perry Ellis' Pro Player brand under a licensing agreement to avoid paying fair market value when it purchased the brand later.

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

Appraisers Blog

Damn well done!! Thanks for the HUGE EFFORT!!! How do we forward it to the CFPB? If they would (CFPB) screwed with TRID we wouldn’t be in this excrement.

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Del. Justices Reject New Earnout Claim In $300M Deal Appeal

Law 360 M&A

Delaware's Supreme Court on Wednesday upheld dismissal of a post-sale stockholder representative suit challenging denial of accelerated, post-closing "earnout" payments after the merger of Edwards Lifesciences and Valtech Cardio Ltd., rejecting a stockholder bid to introduce post-appeal developments.

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

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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Chancery Goes With Deal Price In Exchange Co. Appraisal

Law 360 M&A

A venture capital firm that sued for an appraisal of its investment in FairXchange Inc. is entitled to $10.42 per share, the same as the $330 million deal price that Coinbase Global Inc. offered when it bought the securities exchange startup in 2022, a Delaware vice chancellor ruled Tuesday.

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

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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$7.25M Del. Settlement Offered In $1.35B UpHealth SPAC Suit

Law 360 M&A

Parties to a Delaware Court of Chancery stockholder suit that challenged a $1.35 billion take-public "blank-check" company merger with Florida-based digital health manager UpHealth Inc. have reached a $7.25 million settlement of all claims, pending court approval, according to an agreement filed Tuesday.

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