Tue.Jun 11, 2024

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Key priorities for an “early days” GenAI strategy

Harvard Corporate Governance

Posted by Barbara Berlin, PricewaterhouseCoopers LLC, on Tuesday, June 11, 2024 Editor's Note: Barbara Berlin is Managing Director at the PricewaterhouseCoopers (PwC) Governance Insights Center. This post is based on her PwC memorandum. We are in what might be termed the early days of generative AI (GenAI). It was only in November 2022 that the consumer release of ChatGPT captured the world’s imagination.

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Enhancing customer experience in an evolving mobility ecosystem

Mckinsey and Company

Toyota Insurance President and COO Robert Spencer shares his views on how OEMs and insurers can partner to enhance customer experience as the mobility ecosystem evolves.

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Trending Sources

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Did Tesla Directors Take a Big Accounting Bet without any Independent Accounting Advice?

Harvard Corporate Governance

Posted by Lucian Bebchuk (Harvard Law School) and Robert Jackson (NYU School of Law), on Tuesday, June 11, 2024 Editor's Note: Lucian Bebchuk is the James Barr Ames Professor of Law, Economics, and Finance, and Director of the Program on Corporate Governance, at Harvard Law School. Robert Jackson is a professor of law at NYU School of Law who served as a Commissioner of the U.S.

Finance 143
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Paramount’s Deal With Skydance Falls Apart

NYT M&A

There were several hitches in the last week as Skydance, Paramount and its parent company, National Amusements, reached the final stages of negotiations.

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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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Letter in support of the proposed amendments to § 122 DGCL

Harvard Corporate Governance

Posted by Lawrence Hamermesh (Widener University), on Tuesday, June 11, 2024 Editor's Note: Lawrence A. Hamermesh is an Emeritus Professor at Widener University Delaware Law School. This post is based on his letter to Senator Townsend and Representative Griffith, and is part of the Delaware law series ; links to other posts in the series are available here.

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Innovation Beyond Technology: Q&A With J.P. Morgan Payments’ Lori Schwartz

Global Finance

Lori Schwartz, Global Head of Liquidity & Account Solutions and Digital & Design at J.P. Morgan Payments, discusses fostering innovation within the corporate treasury with Global Finance. GF : How has artificial intelligence affected your organization’s performance in the past year? Lori Schwartz : We are looking at ways to harness the power of such technology to simplify and make our internal processes more efficient.

More Trending

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When and How Often to Increase SaaS Prices

Lighter Capital

Increasing prices is the most effective way for growing SaaS startups to scale revenue. One study of Fortune 500 companies found that increasing prices by 5% results in a 22% jump in operating profits. Should your SaaS startup raise prices? For SaaS startups that depend on customers sticking around, the prospect of increasing prices can be daunting.

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As Feds Stalk Anticompetitive Mergers, What Can Competitors Do?

Mogin Rubin M&A

Continuing to make good on President Biden’s pledge to root out and challenge anticompetitive mergers, the Antitrust Division of the Justice Department and the Federal Trade Commission have asked the public to join the hunt. On May 23, the agencies publicly asked companies for information they may have on any serial acquisitions and “roll-up strategies” being undertaken across the U.S. economy.

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How Does the New Third-Party Guide Apply to Your Community Bank?

N Contracts

Are some community banks struggling to implement the Interagency Guidance on Third-Party Relationships: Risk Management released in June 2023? It’s possible.

Banking 104
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Redpath and Company Hires Andrew Kizer to Lead Lender Services

Redpath

Saint Paul, Minnesota (June 11, 2024 ) - Redpath and Company (Redpath) has hired Andrew Kizer as Managing Director to lead the Lender Services practice area. He will be tasked with helping lenders minimize their risk profile by providing objective collateral evaluations, field exams, and assurance services.

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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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Buy the right business with our Business Buying Funnel [infographic]

JPAbusiness

When assessing different business acquisition opportunities, I tell business buying clients to imagine the process as a funnel. At the top, the funnel is wide and it has a screen ‘sifting against your requirements’. This is where you look broadly at businesses that might suit you, based on your specific requirements such as: geography size and turnover earnings price product or service customer base, etc.

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Delivering services to the public—digitally—with Jennifer Pahlka

Mckinsey and Company

A former US deputy chief technology officer talks about how digitization can be used to create a government that works for the people.

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Comment on CFPB Crackdown: Unfair Practices Hurting Consumers by Honest Appraiser

Appraisers Blog

It is crucial for appraisers to act & provide the Bureau/CFPB with as much information as possible regarding the unethical practices of AMCs.

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Rescuing the decade: A dual agenda for the consumer goods industry

Mckinsey and Company

The industry must rekindle growth when it’s scarce and reduce costs when a lot has been done. Leaders will take on more portfolio changes and capability builds than in past decades.

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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 CFPB Crackdown: Unfair Practices Hurting Consumers by Honest Appraiser

Appraisers Blog

It is crucial for appraisers to act & provide the Bureau/CFPB with as much information as possible regarding the unethical practices of AMCs.

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Commercial capabilities: A predictor of growth for medtech companies

Mckinsey and Company

Medtech companies can achieve above-market growth and margin expansion by upping their ‘Commercial Quotient’ through investing in basic, omnichannel, and ecosystem selling capabilities.

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Comment on CFPB Crackdown: Unfair Practices Hurting Consumers by Eric Kennedy

Appraisers Blog

It is crucial for appraisers to act & provide the Bureau/CFPB with as much information as possible regarding the unethical practices of AMCs.

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Maryland, Ohio And Illinois Defy The Trend In M&A Activity: What Investors Can Learn

Benzinga

Despite an overall decline in mergers and acquisitions (M&A) across the cannabis industry, a few states are bucking the trend, showcasing growth and resilience. Recent data from Viridian Capital Advisors provides a comprehensive view of this dynamic sector, highlighting intriguing patterns for cannabis investors. National Decline In M&A Transactions The national landscape reveals a stark reduction in M&A activity.

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Comment on CFPB Crackdown: Unfair Practices Hurting Consumers by AppraisersBlogs Team

Appraisers Blog

It is crucial for appraisers to act & provide the Bureau/CFPB with as much information as possible regarding the unethical practices of AMCs.

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PAR Technology Sells Government Segment For $102M, Doubles Down on Restaurant Tech

Benzinga

PAR Technology Corporation (NYSE: PAR ) disclosed the sale of its Government segment, including subsidiaries PAR Government Systems Corporation and Rome Research Corporation, for $102 million. The company stated that it has completed the sale of all equity interests in PGSC to Booz Allen Hamilton Holding Corporation (NYSE: BAH ), with the transaction finalized on June 7.

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Photo-sharing app BeReal acquired by Voodoo for €500mn

Financial Times M&A

Paris-based platform popular with young people is bought by French video game developer

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Should You Convert Your Business From a C to an S Corporation?

Machen McChesney

Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are sole proprietorships, partnerships, limited liability companies, C corporations, and S corporations.

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Roaring Kitty’s favourite stock tends its cash hoard as sales dwindle

Financial Times M&A

GameStop has used social media popularity to stockpile money with no obvious use while its operations decline

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Paramount And Skydance Merger Talks Fall Through: Report

Benzinga

The highly anticipated merger talks between Paramount Global (NASDAQ: PARA ) and Skydance have been discontinued, marking the end of a potential deal. What Happened: As reported by The New York Times on Tuesday, the merger discussions between Paramount and Skydance were halted due to the inability of both parties to agree on terms. This development throws a wrench in the plans to merge Paramount, the parent company of CBS, MTV, and Nickelodeon, with Skydance, the burgeoning movie studio behind &

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Accounting Firm Leaders Discuss Challenges/Benefits of a Remote Workforce

ThomsonReuters

Employers and payroll professionals face a complex web of challenges while managing remote and hybrid work arrangements, particularly concerning state income tax withholding and compliance with varying state labor laws. However, implementing clear policies, fostering effective communication, and leveraging technology can help organizations navigate the ever-evolving landscape of remote and hybrid work.

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SiteOne Landscape Buys Cohen & Cohen, Expands in Canada

Benzinga

SiteOne Landscape (NYSE: SITE ) has acquired Cohen & Cohen Natural Stone, thus expanding its capacity to provide a full range of hardscape products and landscape supplies to its customers in eastern Canada. Cohen and Cohen Natural Stone provides a range of natural stone, concrete, masonry and landscape accessories. It has one location in Ottawa, Canada and is an authorized dealer for brands such as Unilock, Best Way Stone, Porcea Stone and Banas Stone.

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Sealing the Deal: The Entrepreneur’s Guide to a Profitable Business Sale

Sun Acquisitions

In the dynamic world of entrepreneurship, there comes a point for many business owners when the prospect of selling their company becomes a reality. Whether prompted by strategic decisions, personal reasons, or market trends, navigating the mergers and acquisitions process can be both exhilarating and daunting. However, with the right mindset and strategic approach, entrepreneurs can maximize the profitability of their business sales.

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Redstone ends talks with Skydance over deal to control Paramount

Financial Times M&A

Decision to halt chaotic sale process has left future of storied Hollywood group hanging in the balance

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The McKinsey Crossword: “Soup’s On!” | No. 184

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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Mercer agrees to buy £50bn pension company Cardano

Financial Times M&A

Acquisition will boost Marsh McLennan subsidiary’s presence in growing UK workplace pension market

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2nd Circ. Cites Macquarie In Booting Suit Over Go-Private Deal

Law 360 M&A

The Second Circuit refused to revive a proposed class action accusing a real estate services provider of artificially depressing share prices, applying apparently for the first time the U.S. Supreme Court's Macquarie decision on alleged failures to disclose certain information.

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How would you spend GameStop’s $4bn?

Financial Times M&A

Plus, private equity circles even more accounting firms and Citi’s new top hires spur succession speculation

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HashiCorp Hit With Investor Suit Over $6.4B Sale To IBM

Law 360 M&A

Software company HashiCorp Inc. and its board members face an investor suit seeking to halt an upcoming shareholder vote on a proposed $6.4 billion acquisition of HashiCorp by tech giant IBM, alleging the deal would unfairly benefit company insiders and hasn't been properly detailed in required filings.

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Mid-Year 2024 Review of the Auto Dealer Industry by Metrics

Auto Dealer Valuation Insights

We’ve all been on an airline flight nearing the destination when the captain comes on the intercom and informs us that we are about to start our final descent, finish our beverages, and return our tray tables to the upright and locked position. Instinctively, we know this announcement signals that we have been cleared for landing and will be landing soon.

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