Wed.Aug 07, 2024

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Professional Insights: Bridging the Gap – Rethinking Financial Reporting for the Intangible Asset Revolution

IVSC

Professor Anup Srivastrava Canada Research Chair in Accounting - Decision-Making and Capital Markets, Haskayne School of Business Professor Anup Srivastrava is Canada Research Chair in Accounting – Decision-Making and Capital Markets, at the Haskayne School of Business. Anup is a world-leading scholar, writer, and speaker on the financial, valuation, strategy, governance, and executive compensation issues of modern technology companies.

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The loneliest job? How top CEOs manage dilemmas and vulnerability

Mckinsey and Company

This article consolidates insights from around 100 senior leaders on five common dilemmas that complicate their ability to lead in the face of competing priorities.

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Trending Sources

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ESG in 2024: A Midyear Review

Harvard Corporate Governance

Posted by Raquel Fox, Simon Toms and Justin Lau, Skadden, Arps, Slate, Meagher & Flom LLP, on Wednesday, August 7, 2024 Editor's Note: Raquel Fox and Simon Toms are Partners and Justin Lau is an Associate at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum. Environmental, social and governance (ESG) matters, and diverging opinions on approach, continued to dominate headlines across the globe in the first half of 2024.

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Gen AI’s next inflection point: From employee experimentation to organizational transformation

Mckinsey and Company

As many employees adopt generative AI at work, companies struggle to follow suit. To capture value from current momentum, businesses must transform their processes, structures, and approach to talent.

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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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Loper Bright Limits Federal Agencies' Ability To Alter Course

Law 360 M&A

The U.S. Supreme Court's recent decision to dismantle Chevron deference also effectively overrules its 2005 decision in National Cable & Telecommunications Association v. Brand X, greatly diminishing agencies' ability to change regulatory course from one administration to the next, says Steven Gordon at Holland & Knight.

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

Appraisers Blog

In reply to Retired Appraiser. Mr Ford recently posted in another thread. I tried to find the comment again but had deleted the link. On an older article from years ago. He said; (from memory). Not finished, just waiting. Meaningful change may not be possible with the current administration. Or something close to that. The thing is there is such a concerted attack on the appraisal profession, the AGA may be working overtime on just existing defense of appraiser management.

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

Appraisers Blog

Reading through the comments supplied to the CFPB I came across the following anonymous comment which provides insight into the lie related to appraisal fees. As a certified residential real estate appraiser with 25 years of experience (part of 10,000 appraisals / +10 billion dollars) thanks for the opportunity to peel back the curtains related to closing costs, junk fees, appraisal management company (AMC’s) fees, and specifically what I know about (appraisal fees).

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Wall Street Mastermind Review: Should You Hire a Coach to Get Into Investment Banking?

Brian DeChesare

If you’ve read this site for a long time, you probably know that we focus on creating financial modeling courses and guides. We still offer coaching for more experienced candidates and students with significant work experience, and I used to personally do a good number of mock interviews and resume edits, but our business model has shifted over time.

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

Appraisers Blog

In reply to Mark Hastert. I suspect that the AGA & their AFL-CIO connection is the only possible solution at this point. The problem is that they are not putting in little to no effort to win over appraisers. Passive marketing doesn’t cut it. If they truly want people to join their organization they should be submitting articles to this site and other sites stating how many appraiser signups are required to actually get the ball rolling.

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Will Outsourcing Your Accounting Impact Your Business Operations

Machen McChesney

C-level executives today face crucial accounting and finance challenges, including the ongoing shortage of accounting professionals, the struggle to keep up with technology (including AI), and the generally inflationary cost environment. While it may be tempting to view the finance and accounting (F&A) function as an overhead expense to be managed, this approach severely underestimates the F&A function’s strategic impact on business operations.

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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 Mark Hastert

Appraisers Blog

In reply to Bill Johnson. Good analysis but we all knew this already. The question is, what is anybody going to do about it? Complaining to each other in this and other forums isn’t working. At the very least contact your congressional delegation, write the CFPB and make a stink to the people who CAN do something.

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The future of tax and accounting: Embracing AI with caution

ThomsonReuters

Today’s tax and accounting firms stand on the brink of a transformative era, driven by the rapid integration of Artificial Intelligence (AI). The “ Future of Professionals Report 2024 ” by Thomson Reuters offers a comprehensive look into how firms within this sector perceive the future of their industry, particularly in relation to AI.

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Pershing Square weighs deal to take property group Howard Hughes private

Financial Times M&A

Bill Ackman’s fund eyes real estate company after his recent attempt to take his US entity public came to abrupt halt

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Blackstone Buys Majority Stake In Renewable-Focused Firm

Law 360 M&A

Blackstone Inc.-backed private equity funds have agreed to acquire a majority stake in renewable-energy focused engineering firm Westwood Professional Services Inc., under guidance from Kirkland & Ellis LLP and Gibson Dunn & Crutcher LLP, marking Blackstone's latest bid to support energy transition, according to a Wednesday announcement.

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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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BHP Considers Divesting Brazilian Assets Attained From Oz Minerals: Report

Benzinga

BHP Group (NYSE: BHP ) is considering a sale of the Brazilian copper and gold assets acquired through last year’s $6.3 billion takeover of Oz Minerals. What Happened : The assets reportedly up for sale include an untapped gold deposit and four small high-grade copper mines located in the state of Pará. The most notable of these assets is the Pedra Branca project, which stands out as the sole operational mine, Bloomberg reported.

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Exec Unlikely To Get New Trial In SEC's 'Shadow Trading' Suit

Law 360 M&A

A California federal judge said at a hearing Wednesday that he wasn't inclined to grant a new trial in a novel SEC "shadow trading" case, saying "there's no question" that a former executive of Medivation, a pharmaceutical company, knew that he was using inside information from his company when he purchased a rival's stock.

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When Does Due Diligence Begin and Who Conducts It?

M&A Leadership Council

The Art of M&A® / Due Diligence An excerpt from The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide by Alexandra Reed Lajoux Editor’s Note: A growing number of M&A professionals are pursuing the Certified M&A Specialist, or CMAS ® credential. To support CMAS® candidates preparing for the CMAS® exam, we are pleased to continue our feature column, CMAS® Corner, by noted author and expert, Alexandra Reed Lajoux.

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Drone Co. Investors Seek Drag-Along Sale Shoot-Down In Del.

Law 360 M&A

Stockholders of a company that makes tethered drones for surveillance or communications sued its directors, CEO and buyer in Delaware's Court of Chancery Tuesday, alleging unfair triggering of "drag-along" rights in a company sale that paid $1 per share for their once-$10 per share investment.

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An M&A Perspective on the Stock Market Sell-Off

Class VI Partner

Wall Street took a $6.4 trillion hit on Monday and, in the days since, commentators have been weighing in with concerns over the health of the U.S. economy. Did the Fed wait too long to lower interest rates? Could the country be headed into recession? Is an AI bubble bursting?

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Calif. Out-Of-State Noncompete Ban Faces Several Hurdles

Law 360 M&A

California's attempt to bolster its noncompete law has encountered significant procedural and constitutional challenges, and litigating parties must carefully analyze not only the restrictive covenants contained in their agreements, but also the forum-selection and choice-of-law provisions, say Jennifer Redmond and Gal Gressel at Sheppard Mullin.

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Heat Waves, Hurricanes, Selloffs, Oh My

Auto Dealer Valuation Insights

As we suffer through the dog days of summer, Hurricane Debby and a global stock-market selloff entered the scene to add insult to injury. Hurricane Debby made landfall on Monday as a Category 1 storm in Florida, where it is expected to bring severe flooding to the southeast Atlantic coast. A different kind of heat has stormed through the global stock market.

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FTC Asks Courts To Pause $8.5B Handbag Merger

Law 360 M&A

The Federal Trade Commission has asked a New York federal court to pause the planned $8.5 billion merger between the owners of Coach and Michael Kors while the agency conducts an in-house merger challenge.

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Roche Considers Selling Cancer Data Specialist Flatiron Health Business, Highlights Challenges With Start-Up Acquisitions

Benzinga

Roche Holding AG (OTC: RHHBY ) is reportedly contemplating the divestiture of Flatiron Health , a cancer data specialist Roche acquired in 2018 for $1.9 billion. The move underscores the complexities and potential pitfalls that large pharmaceutical companies encounter when investing in early-stage health technology firms. Also Read: Roche’s New Immunotherapy Fails To Show Benefit Over Merck’s Blockbuster Keytruda In Lung Cancer Patients.

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M&A Rebounds, But Success Hinges On Broader Economy

Law 360 M&A

There was a promising uptick in mergers and acquisitions activity in the second quarter, but the rising uncertainty about the broader economy that fueled Monday's stock market free fall could cause some hesitancy among dealmakers.

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How useful is the updated IIA guidance on auditing risk management? Is there a better way?

Norman Marks

On the same day that I published my last blog post, Important survey results for internal audit, boards, and management, explaining how internal audit can help their organization upgrade risk management processes, I saw the IIA President and CEO, Anthony Pugliese, announce: UPDATED GLOBAL PRACTICE GUIDE: Assessing the Risk Management Process, 2nd Edition Risk management goes […]

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3 Firms Steer $405M G1-Pharmacosmos Pharma Deal

Law 360 M&A

G1 Therapeutics Inc., a North Carolina-based developer of cancer therapies, has agreed to sell the business to the U.S. subsidiary of Denmark's Pharmacosmos A/S, for approximately $405 million, the companies said Wednesday.

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Business Valuation for Selling a Fencing Business

Peak Business Valuation

If you own a fence construction business, you are in a position to capitalize on a growing market. Industry reports predict steady growth as construction activity increases. This may have a positive effect on the value of a fencing company. As such, now is a great time to sell it. To maximize your return on investment, it is important to receive a business valuation for selling a fencing business.

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Davis Polk, Cooley Lead $1.5B Sale Of PetIQ

Law 360 M&A

Pet medication company PetIQ Inc., advised by Cooley LLP, on Wednesday announced plans to go private following its acquisition by private investment firm Bansk Group, led by Davis Polk & Wardwell LLP, in an all-cash deal valued at roughly $1.5 billion.

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Glencore Votes Against Spinning Off Coal, Remains Open To More Acquisitions

Benzinga

Glencore (OTC: GLCNF ) has decided not to spin off its coal business. Following an acquisition of Teck's (NYSE: TECK ) coal assets, most shareholders preferred maintaining the lucrative unit. Glencore's initial plan to divest its coal business stemmed from environmental considerations. However, 95% of shareholders participating in the consultation advocated for retaining the coal and carbon steel materials business.

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PE Firm Gets Extension To Make £253M Bid For Payments Co.

Law 360 M&A

Equals Group PLC said Wednesday that the U.K. authority on takeover and merger transactions has extended the deadline for private equity company TowerBrook and financial startup Railsr to officially confirm their proposed £253 million ($321 million) takeover offer, or walk away from it.

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Coca-Cola’s mysterious tax formula

Financial Times M&A

Plus, H2O Asset Management pays up for ‘serious breaches’ and Glencore’s coal rethink shows how the pendulum has swung on ESG

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KKR To Buy Majority Stake In Ad Group FGS In $775M Deal

Law 360 M&A

Investment giant KKR & Co. Inc. said Wednesday that it has agreed to buy a majority stake in FGS Global, in an all-cash deal that values the global public relations firm at $1.7 billion.

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Insights from tomorrow's workforce at the Fuel Conference 2024

Avanade

Avanade study uncovers some of the aspirations and concerns of the next generation as they navigate the evolving landscape of AI in the workplace.

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Private Equity: Big Players are Targeting Middle Market Deals

John Jenkins

Last week, I blogged about how PE sponsors have been accumulating quite a bit of dry powder since the beginning of 2024, but that it’s been the big players that have reaped the largest windfall.

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