Tue.Oct 22, 2024

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SEC Settles Charges for Defrauding Investors in “AI Washing” Scheme

Harvard Corporate Governance

Posted by Benjamin Pedersen, Charu Chandrasekhar, and Anna Moody, Debevoise & Plimpton LLP, on Tuesday, October 22, 2024 Editor's Note: Benjamin R. Pederson and Charu Chandrasekhar are Partners, and Anna Moody is a Counsel at Debevoise & Plimpton LLP. This post is based on a Debevoise memorandum by Mr. Pederson, Ms. Chandrasekhar, Ms. Moody, Sofia Squatriti Muno , and Cameron Wolfe.

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The art of 21st-century leadership: From succession planning to building a leadership factory

Mckinsey and Company

Complicated times demand great leaders. Here’s an overview of traits and practices required to succeed as a leader today and a look at the factory model that can help aspiring managers ascend.

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2024 Aggregate Share-Based Compensation

Harvard Corporate Governance

Posted by Blake Davidson, FW Cook, on Tuesday, October 22, 2024 Editor's Note: Blake Davidson is a Consultant at FW Cook. This post is based on an FW Cook memorandum by Mr. Davidson, Becca Jordan , and Austin Lee. We are pleased to present our fifth study of aggregate share-based compensation. Our research focused on 300 companies spread across five industry groups and divided equally among small-, mid- and large-cap segments.

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How CEOs are turning corporate venture building into outsize growth

Mckinsey and Company

Companies are creating meaningful growth by developing new ventures. Those with the most mature capabilities are growing quickly and can show the way for companies that are just beginning.

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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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(Ir)responsible Takeovers

Harvard Corporate Governance

Posted by Doron Levit (University of Washington), Philip Bond (University of Washington), on Tuesday, October 22, 2024 Editor's Note: Doron Levit is the Marion B. Ingersoll Endowed Professor of Finance and Business Economics at the University of Washington Foster School of Business, and Philip Bond is a Professor of Finance and Business Economics at the University of Washington.

Finance 112
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A growth arena: State of grocery retail 2024 Middle East and North Africa

Mckinsey and Company

Grocery retailers across the Middle East and North Africa have weathered postpandemic headwinds. Nine trends shaping the sector point the way to new growth.

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More Trending

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Child and adolescent mental health as a proving ground for innovation

Mckinsey and Company

Although one in five people will experience a mental health malady as a child, effective diagnosis and treatment often remain elusive. The Child Mind Institute seeks to bring innovation to the problem.

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Treasury Turns To Banks For Technology

Global Finance

A recent survey by EY of more than 1,800 global CFOs and treasurers of corporate and commercial clients was unveiled at Sibos, revealing chances for banks to provide value-added services. Treasuries’ top challenge is securing financial investments focused on environmental, social and governance (ESG) concerns. Matt Cox, EY Global Commercial and Commercial Banking Leader, says that while expecting an ESG retracement, the opposite was true, as participants around the globe all thought bankin

Treasury 105
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The McKinsey Crossword: Top Dogs | No. 203

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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Top Real Estate Investment Strategies for Beginners

Trout CPA

Insights from Trout CPA's Real Estate Accountants Written by Randall Weaver, CPA , and Adam Siviter Real estate has long been one of the most popular investment options for building wealth. For beginners, the path may seem daunting, but with the right strategies, guidance, and knowledge, real estate investment can provide substantial returns over time and become a great tool for building wealth.

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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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The 2024 Election’s Potential Impact on Tax Policy

Redpath

U.S. election results (and their impacts on tax policy) are always important for business owners and the broader population. However, the 2024 election’s impact on tax policy and tax strategy , along with the sunsetting provisions of the Tax Cuts and Jobs Act (TCJA), could be even more significant.

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The 2024 Prestige Leaders

Law 360 M&A

Check out our Prestige Leaders ranking, analysis and interactive graphics to see which firms stand out for their financial performance, attractiveness to attorneys and law students, ability to secure accolades and positive legal news media representation.

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5 Mistakes That Will Sink Your Compliance Training Program

N Contracts

Imagine a mortgage lender who works closely with a real estate agent. The agent sends a lot of business the mortgage lender’s way because they do a great job taking care of the agent’s clients. When the holidays roll around, the mortgage lender gives the real estate agent a gift card as a thank you for the referrals.

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When should I tell staff I'm selling my business?

JPAbusiness

In assisting clients to prepare for a business sale process, we often get the question: When should I tell my staff I’m going to sell? It’s an important issue because staff can significantly impact your business’ value , while selling can impact their lives. The reality is there is no simple answer because every business is different. A complex situation Our guiding principle is that open and transparent communication with your staff is always a positive thing.

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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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Stand-off with bondholders threatens $23bn US satellite merger

Financial Times M&A

New correspondence between DirecTV and Dish debt investors shows the two are stuck at an impasse

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Greener shores: Brazil’s $100 billion decarbonization opportunity

Mckinsey and Company

Brazil holds the key to many potential decarbonization solutions, thanks to its rich natural endowments. What would it take to scale up the country’s sustainability impact, both at home and globally?

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At Sibos, Central Bankers Tout Wider Adoption Of CBDCs

Global Finance

Central bank leaders on Tuesday discussed the evolving landscape of Central Bank Digital Currencies (CBDC) at the Sibos conference in Beijing. Representatives from China, the Bahamas, Kazakhstan and Europe each addressed the nuances of this burgeoning subgroup of the financial technology sector, according to Finextra. The big takeaway: A more complete ecosystem is needed for widespread adoption of CBDCs to become a reality.

Banking 59
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HSBC: how simple becomes complicated

Financial Times M&A

Plus, EY fires employees for multitasking online training videos and the bondholder stand-off threatening a big telecoms deal

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The Iberian green industrial opportunity: Green hydrogen

Mckinsey and Company

Green hydrogen could play a key role in the energy transition, and Spain is well-placed to take a leading position.

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Election Unlikely To Overhaul Antitrust Enforcers' Labor Focus

Law 360 M&A

Although the outcome of the presidential election may alter the course of antitrust enforcement in certain areas of the economy, scrutiny of labor markets by the Federal Trade Commission and the U.S. Department of Justice is likely to remain largely unaffected — with one notable exception, say Jared Nagley and Joy Siu at Sheppard Mullin.

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Key Considerations as FTC, DOJ Significantly Change HSR Premerger Notification Requirements

Cooley M&A

On October 10, 2024, the Federal Trade Commission (FTC) announced a unanimous 5-0 vote to finalize changes to the Hart-Scott-Rodino (HSR) premerger notification program , including changes to the HSR form and associated instructions, with the Department of Justice (DOJ) concurring with the final rule. Under the HSR Act, parties to transactions are required to notify the FTC and DOJ of most transactions valued above the size-of-transaction thresholds – currently $119.5 million – and observe a w

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Alaska Flyers Lose Bid to Revive Merger Suit

Law 360 M&A

The Hawaii federal judge who kiboshed a suit that sought to stop Alaska Airlines' $1.9 billion merger with Hawaiian Airlines declined to reconsider his finding that the passengers and travel agents bringing the antitrust claims didn't have standing to sue.

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ROIC for Family Businesses in 5 Minutes

Auto Dealer Valuation Insights

Revenue growth and profitability are critical measures for the health of any family business, but by themselves, they tell only half of the story. As a family business director, you need the whole story.

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Legal Institutions Must Warn Against Phony Election Suits

Law 360 M&A

With two weeks until the election, bar associations and courts have an urgent responsibility to warn lawyers about the consequences of filing unsubstantiated lawsuits claiming election fraud, says Elise Bean at the Carl Levin Center for Oversight and Democracy.

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Valuation Multiples for a Medical Spa

Peak Business Valuation

Medical spas have become popular as consumers seek specialized cosmetic procedures, skin treatments, and wellness therapies. As such, operating a medical spa can be very profitable. Whether you are buying , growing , or selling a medical spa , a business valuation is essential. As part of a medical spa valuation , valuation experts often apply valuation multiples for a medical spa to determine its value.

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Blakes, Wachtell Lead JM Smucker In $305M Cookie Biz Sale

Law 360 M&A

American food manufacturing giant The J.M. Smucker Co., advised by Blake Cassels & Graydon LLP and Wachtell Lipton Rosen & Katz, on Tuesday announced that it has agreed to sell its Voortman cookie brand to private equity-backed Second Nature Brands in a $305 million cash deal.

Equity 52
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ERS reporting: Avoiding late penalties

Vested

Every UK business with an employee share scheme is required to file an annual Employment Related Securities (ERS) report with HMRC (even if no activity has occurred).

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Day Trader Seeks Early Win In Verifone Insider Trading Suit

Law 360 M&A

A day trader moved for an early win in a U.S. Securities and Exchange Commission insider trading case alleging the trader was tipped off by a former Francisco Partners consultant about the firm's $3.4 billion purchase of Verifone Systems Inc., arguing there is no evidence that he knew he received material nonpublic information, let alone traded on it.

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How Prior Relationships Between Private Equity Sponsors and Law Firms Affect LBO Loans

Reynolds Holding

In leveraged buyouts (LBOs), a private equity (PE) sponsor acquires controlling ownership of a target company, typically by using a significant amount of bank loans. In a new study, we focus on a controversial issue: Many PE sponsors have prior relationships with law firms representing banks in LBO loan negotiations. In some cases, PE sponsors even designate their preferred law firms as banks’ law firms, a practice referred to as the “designated law firm” arrangement.

Equity 45
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In-House Counsel For Veeva, SingleStore Joins Stoel Rives

Law 360 M&A

Stoel Rives LLP has hired the former in-house counsel for technology companies SingleStore and Veeva Systems Inc. in Boise, Idaho, positioning the firm to better serve the increasing demand for sophisticated transactional representations in the area.

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Fraud: Chancery Holds Integration Clause Doesn’t Bar Claims

John Jenkins

Earlier this year, the Chancery Court held that a standard contractual integration clause was insufficient to bar claims premised on a buyer’s alleged assurances to assist in growing the target’s business post-closing. Last week, in Cytotheryx, Inc. v. Castle Creek Biosciences, (Del. Ch.

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How Law Firms Get And Keep Elite Status

Law 360 M&A

For decades, a handful of New York-based law firms thoroughly dominated the national consciousness when it came to power, profitability and prestige. But in today's legal market, increased movement of partners and clients from one firm to the next has begun to shake things up and create opportunities for go-getters to ascend the ranks.

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Berry and Glatfelter Announce Information for Anticipated Completion of Spin-Off and Subsequent Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter

Benzinga

EVANSVILLE, Ind. and CHARLOTTE, N.C., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Berry Global Group, Inc. (NYSE: BERY ) ("Berry") and Glatfelter Corporation (NYSE: GLT ) ("Glatfelter") announced today that Berry has set a record date of the close of business on November 1, 2024 for the proposed spin-off of its Health, Hygiene and Specialties Global Nonwovens and Films business ("HHNF Business").

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MVP: Latham's Justin Hamill

Law 360 M&A

Justin Hamill led the Latham & Watkins LLP team representing Endeavor Group Holdings Inc. in its $13 billion take-private acquisition by private equity firm Silver Lake, and also advised Skydance Media in its multibillion-dollar merger with Paramount Global, putting him among the 2024 Law360 Mergers & Acquisitions MVPs.