Tue.Aug 13, 2024

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The short-termism trap: Catering to informed investors with limited horizons

Harvard Corporate Governance

Posted by James Dow (London Business School), Jungsuk Han (Seoul National University), and Francesco Sangiorgi (Frankfurt School of Finance and Management), on Tuesday, August 13, 2024 Editor's Note: James Dow is a Professor of Finance at London Business School, Jungsuk Han is an Associate Professor of Finance at Seoul National University, and Francesco Sangiorgi is an Associate Professor of Finance at Frankfurt School of Finance and Management.

Finance 273
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How innovation can accelerate industry momentum

Mckinsey and Company

Sparking a new surge of growth through innovation can benefit an entire industry, but those who light the spark tend to gain the biggest rewards.

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DOJ Launches Corporate Whistleblower Awards Pilot Program

Harvard Corporate Governance

Posted by Maria Cruz Melendez, Andrew M. Good, and Bora P. Rawcliffe, Skadden, Arps, Slate, Meagher & Flom LLP, on Tuesday, August 13, 2024 Editor's Note: Maria Cruz Melendez and Andrew M. Good are Partners and Bora P. Rawcliffe is a Counsel at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum. On August 1, 2024, the Department of Justice’s Criminal Division launched the Corporate Whistleblower Awards Pilot Program (the Program), following up on i

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Fueling growth through moments of customer delight

Mckinsey and Company

Delight has the power to elevate customer experience, as well as amplify loyalty and growth for businesses across sectors.

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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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Paramount Lays Off 15 Percent of U.S. Employees

NYT M&A

The company is cutting staff ahead of its merger next year with the Hollywood studio Skydance.

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The McKinsey Crossword: Final Destination | No. 193

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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What Is Islamic Finance And How Does It Work?

Global Finance

The first of five parts of a Global Finance FAQ web series on Islamic finance. In just a few decades, Islamic finance has established itself as a significant player in global finance. Today, with thousands of institutions around the world, this sector is no longer limited to the devout clientele of Muslim countries in the Middle East and Southeast Asia.

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The hard stuff: Navigating the physical realities of the energy transition

Mckinsey and Company

The energy transition is a physical transformation in its early stages. What challenges lie ahead?

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Mars strikes deal to buy Pringles maker Kellanova for more than $29bn

Financial Times M&A

US confectionery giant to pay $83.

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Compliant Background Checks

Machen McChesney

According to the National Association of Background Screeners, 95% of U.S. employers use background checks when hiring employees. Background checks cannot look at medical history or genetic information, but they are legal for assessing a person's work history, education, criminal record, financial history, or social media use.

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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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Hong Kong investor buys UK wind farms for £350mn

Financial Times M&A

CK Infrastructure, controlled by Li Ka-shing’s family, will acquire 32 generation assets from Aviva Investors

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Playing Dungeons & Dragons Makes Me A Better Lawyer

Law 360 M&A

Playing Dungeons & Dragons – a tabletop role-playing game – helped pave the way for my legal career by providing me with foundational skills such as persuasion and team building, says Derrick Carman at Robins Kaplan.

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AstraZeneca hits £200bn valuation

Financial Times M&A

Drugmaker has benefited from its bet on developing a portfolio of cancer drugs

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What Is Customer Research and Why Is It Important for Startups?

Lighter Capital

At the heart of your business is your customer, and to grow and scale you’re going to need to get to know them really, really well. Businesses get to know their customers better by conducting customer research. Here we cover everything you need to know about customer research and the methods to conduct it, and how it all ties together with customer segmentation and buyer personas.

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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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3 Firms Drive $3.8B Carlyle-Baxter Kidney Care Deal

Law 360 M&A

Kirkland & Ellis LLP-led private equity firm Carlyle on Tuesday agreed to acquire the kidney care unit of Baxter International Inc., represented by Sullivan & Cromwell LLP and Baker McKenzie, for $3.8 billion, Baxter said in a statement Tuesday.

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Islamic Finance: How Does It Make Money Without Interest?

Global Finance

The second installment of a Global Finance FAQ web series on Islamic finance. Many of the products offered by Islamic financial institutions are comparable to Western or conventional finance even though interest and speculation are forbidden. Banks are by far the biggest players in Islamic finance—some of them are exclusively Islamic while others offer sharia-compliant products but remain mostly conventional.

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Kroger Blasts FTC's 'Head-To-Head' Competition Claims

Law 360 M&A

Kroger and Albertsons have assailed the Federal Trade Commission's challenge to their merger, telling an Oregon federal judge that there's no need to preliminarily block the deal because the agency is pushing a "never before applied" theory that reducing head-to-head competition is illegal, which the grocery stores said is undone by the law and the companies' planned divestiture of 579 stores.

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Comment on AMCs Violating TILA and C&R Fee Clauses by Josh Tucker

Appraisers Blog

In reply to JR. Louisiana lost that case because they didn’t follow APA which a majority of appraisal boards today fail to follow and make rules without proper procedures. At that time you also had a different FTC and having spoken with Director Chopra last month this is a major issue in their radar. I am way too deep in this with information most don’t have.

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UK housebuilder Bellway walks away from Crest Nicholson takeover bid

Financial Times M&A

Crest Nicholson shares plunge in latest blow to struggling developer

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Comment on AMCs Violating TILA and C&R Fee Clauses by Pat Turner

Appraisers Blog

The damage caused by Appraisal Management Companies violating TILA & the Customary & Reasonable fee clauses goes beyond just financial losses.

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Volkswagen’s Porsche-Piëch family on bargain hunt in deflated market

Financial Times M&A

Family-controlled investment vehicle considers ‘potential further investments’ as valuations fall

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Comment on AMCs Violating TILA and C&R Fee Clauses by JR

Appraisers Blog

In reply to Baggins. This is a waste of time and anger. It has been going on for years. The C&R movement died when the State of Louisiana went after AMCs with well documented cases of below C&R fees. And instead of going after the culprit, the DOJ/FTC filed suit against the State of Louisiana. They said the state was attempting “price fixing” This is a dead issue.

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How to prove your business's goodwill value [templates]

JPAbusiness

Goodwill ­is a key component of business value, alongside factors such as working capital, and plant and equipment. Many people think of goodwill as an ‘intangible’ and therefore its value can’t be proved, but that's not necessarily the case. Goodwill value relies on being able to prove the sustainability of a business’s earnings going forward. In this blog we’re going to explain how record-keeping is a critical component of proving that sustainability, and provide some simple templates to get y

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Comment on Insights from CFPB’s Public Comment Period by BGSBRAD

Appraisers Blog

This is like a time machine and fortune teller all in one. It’s a lot to read, and i didn’t realize then my nicely formatted document would be “re-formatted” to the FED specs. Yes, I also know there’s a there that should have been a their; things happen when you may have an above average “passion” about the topic.

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Crest Nicholson sits crestfallen as Bellway suddenly walks away

The Guardian M&A

Damage to the smaller housebuilder’s reputation will take time to heal but a takeover deal isn’t a deal until it’s signed Bellway’s plan to buy smaller housebuilder Crest Nicholson for £720m-ish in shares was proceeding smoothly as recently as last Thursday, or so we were told. “Good progress has been made on reciprocal due diligence with a number of elements satisfactorily completed by both parties,” purred the two boards in harmony.

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Comment on Insights from CFPB’s Public Comment Period by ERIC S KENNEDY

Appraisers Blog

In reply to Don Hawkins GA Lic CR. The so-called regulators have been our Achilles heel since the beginning. They were our only chance not having our independence abused by the AMCs. But it came evident immediately that all of the state boards were easily bullied by the AMC attorneys and lobby. Meanwhile REVAA set up shop in DC and started throwing their money around while the independent appraiser has been dog paddling trying not to drown in the rapids.

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Bellway walks away from £720m Crest Nicholson takeover bid

The Guardian M&A

UK housebuilder said it did not intend to make a firm offer for its smaller rival after months of negotiations Business live – latest updates The UK housebuilder Bellway has walked away from a £720m takeover bid for its smaller rival Crest Nicholson after months of negotiations. Bellway said it “does not intend to make a firm offer for Crest Nicholson”, without giving any reasons.

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Comment on Lack of Fee Transparency: Exposing the AMC Exploitation by Coleen Courtney-Morrison,

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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Flowserve Seals $290M Deal For MOGAS Industries, Enhancing Its Mining And Process Industry Offerings

Benzinga

Flowserve Corporation (NYSE: FLS ) announced a definitive agreement to acquire Houston-based MOGAS Industries , a provider of severe service valves, for $290 million with a potential $15 million earnout. Founded in 1973 by V. Louis Mogas, MOGAS is a manufacturer of severe service isolation valves for industries like mining and power, with a global presence that complements Flowserve’s markets.

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Comment on Insights from CFPB’s Public Comment Period by ERIC S KENNEDY

Appraisers Blog

The comment period also provided a platform for individual appraisers to share their perspectives regarding appraisal fees & the role of AMCs

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Alignment Is The Foundation To Building High-Performance Teams

Rhythm Systems

If you’ve seen this movie then you know how it ends: Significant differences in vision among the executive team, lack of alignment that leads to inconsistent prioritization of projects and resources, and inadequate communication between departments—the result: Redundant work, wasted effort, and unmet expectations.

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Comment on Insights from CFPB’s Public Comment Period by Kim DeFilippis on Facebook

Appraisers Blog

In reply to Donna Halfpenny on Facebook. I DID step up and got an email from CFPB a week ago saying in essence, “uh, we may not have received your comment, so please re-send” I spent alot of time making that comment so WTF. I do not trust these quasi-government agencies.

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Musk Can't Ax Fraud Suit Over Twitter Buy, Investors Say

Law 360 M&A

A pension fund has fired back at Elon Musk's bid to dismiss the rest of its amended proposed securities fraud class action in New York federal court that alleges the X Corp. CEO covertly bought more than 5% of Twitter's stocks to save more than $143 million before announcing his intent to buy the social media platform.

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Comment on Insights from CFPB’s Public Comment Period by Deborah L Smith

Appraisers Blog

In reply to Frustrated Appraiser. It is a case of the wolves guarding the chicken coop. Most appraisers are cowardly. Not confident. The Heritage Foundation hates Experts. Judges, presidents, congressmen, never congresswoman, neither suit the nationalist agenda to fulfill Project 2025. Just bid to everyone your high fee, take your time to do a proper job.