Mon.Dec 02, 2024

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By the Numbers: How Companies Pay Execs They Promote to CEO

Harvard Corporate Governance

Posted by Theresa Tovar and Robert Newbury, Willis Towers Watso, on Monday, December 2, 2024 Editor's Note: Theresa Tovar is a Director and Robert Newbury is a Senior Director at Willis Towers Watson. This post is based on their Willis Towers Watson memorandum. Choosing the right candidate to fill the corner office comes with a unique set of challenges.

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AI for IT modernization: Faster, cheaper, better

Mckinsey and Company

Gen AI agents are starting to deliver breakthrough value, but only when companies figure out how to build and orchestrate hundreds of them.

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Discretionary Adjustment or Pay Flexibility?

Harvard Corporate Governance

Posted by Subodh Mishra, ISS STOXX, on Monday, December 2, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by C raig Benedict, Senior Associate; and Daniel King, Associate, Compensation and Governance Advisory at ISS-Corporate. KEY TAKEAWAYS Incorporating discretionary components within a company’s Annual Incentive Program has become increasingly common, particularly in the Real Estate and Financial sectors.

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Factors to Consider When Valuing a Bitcoin Mining Business

BV Specialists

Bitcoin mining businesses have gained popularity due to the rise of cryptocurrencies and, therefore, operate in a volatile, tech-driven environment, which will create unique challenges for a certified appraisal professional. The value of a mining operation largely depends on its hardware equipment. High-performance ASIC miners are critical for efficiency and profitability.

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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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Regulatory and Investor Demands to Use ESG Performance Metrics in Executive Compensation: Right Instrument, Wrong Method

Harvard Corporate Governance

Posted by Marco Dell’Erba (University of Zurich) and Suren Gomtsyan (LSE Law School), on Monday, December 2, 2024 Editor's Note: Marco Dell’Erba is a Professor of Law at University of Zurich, and Suren Gomtsyan is an Assistant Professor of Law at LSE Law School. This post is based on their recent paper. The rise of responsible capitalism has driven significant changes in corporate governance, including the integration of ESG (environmental, social, and governance) metrics into executive compensa

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Comment on Accurate Group’s Appraiser Selection Practices Expose Troubling Industry Tactics by Lindsey

Appraisers Blog

In reply to Baggins. And so we all get down with the sickness. We are our own demise. Appraisers will and are officially nothing after the new 1004. I’m going back into foreclosure flipping. This industry is dead and I wouldn’t recommend it to anyone wanting to have a long peaceful career. This is what the GSEs want and this is what they got. Thanks Bradford technologies for being the ultimate demise in creating the new form.

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Comment on Accurate Group’s Appraiser Selection Practices Expose Troubling Industry Tactics by Baggins

Appraisers Blog

In reply to LS. Well of course there are incentives like that. If they even need to try. The automation instantly rewards the lowest priced appraisers with the majority workload. That’s how one firm ends up with thousands of orders and nobody else gets anything. Auto accept software was built to assist this effort. Consumers never save a penny.

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Reimagining procurement

Mckinsey and Company

Noting procurement’s complexity, changes, and strategic importance, Dominique Lebigot, CPO of LVMH Wines and Spirits, advocates readiness for AI, supplier ecosystems, and circular economies.

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Comment on Accurate Group’s Appraiser Selection Practices Expose Troubling Industry Tactics by Baggins

Appraisers Blog

In reply to Lindsey. [link] Lindsey, make your voice heard directly to the new administration whom will be effecting radical policy, procedure, and bureaucratic systems adjustments. You only get twenty votes. Use them wisely. Share. [link] edit; Fix and flipping aint’ what it used to be. With the vast majority of available defaults which the fix and resell community specifically would target, going first purchase opportunity to mega corporations instead.

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Enterprise technology’s next chapter: Four gen AI shifts that will reshape business technology

Mckinsey and Company

How tech leaders organize and manage teams, talent, IT architecture, and costs may dramatically shift in the next decade as a result of generative AI. Here’s what to consider.

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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 Accurate Group’s Appraiser Selection Practices Expose Troubling Industry Tactics by Baggins

Appraisers Blog

In reply to Mike Ford on Facebook. The solutions are so simple. The corruption so obvious. Amc’s, the long arm of predatory lending. In addition to what you said; Fair and balanced rotational distribution of appraisal orders to all appraisers on the approval panel. At similar fees as defined by fee surveys which do not include amc fees. If an appraiser is approved on an appraiser panel, they should get fair working opportunity.

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Goodwill hunting: How to build and finance this intangible asset

Exit Strategy

When it comes to selling a business, the term “goodwill” often arises. But what exactly is goodwill, and how does it impact the mergers and acquisitions (M&A) process? Goodwill is the value of a business that exceeds its tangible assets. It arises when a company is sold for more than the worth of its physical […] The post Goodwill hunting: How to build and finance this intangible asset appeared first on Exit Strategies Group, Inc.

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Citi Splits Off Mexican Retail Bank Ahead Of Planned IPO

Law 360 M&A

Citigroup said Monday it has completed the expected spinoff of its Mexican retail banking unit called Banamex — part of a strategy to separate its retail and institutional banking businesses in Mexico — paving the way for an initial public offering of Banamex.

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M&A Glossary: Add-backs

Exit Strategy

Add-backs are adjustments made to a company’s financial statements to more accurately reflect its true earning potential and normalize its financial performance. These adjustments are typically made to the target company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) to create a metric known as “Adjusted EBITDA” or “Normalized EBITDA.

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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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Chancery OKs $21M Deal To End Gene Co. Class Suit

Law 360 M&A

A $21 million settlement of stockholder challenges to a blank check company's take-public merger with clinical data and genomics company Sema4 Holdings in July 2021 won Delaware Court of Chancery approval Monday, with nearly $4.1 million carved out for attorney fees.

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Scaling for Sale: Growth Strategies that Double as Exit Plans

Exit Strategy

As a business owner, you’re likely consumed with the daily challenges of building and growing your business. The question of selling might seem like a distant concern—something to worry about years down the road. But the reality is that planning your exit and growing your business are two sides of the same coin. We’ve been […] The post Scaling for Sale: Growth Strategies that Double as Exit Plans appeared first on Exit Strategies Group, Inc.

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Comment on Accurate Group’s Appraiser Selection Practices Expose Troubling Industry Tactics by LS

Appraisers Blog

The truth is AMCs are looking for the cheapest always. Sometimes I test the theory with providing a super cheap quote on a property that surely needs a lot of time to dissect. Sure enough, I get the job and always regret it. I only do this maybe twice a year. I believe AMCs are giving monetary incentives to their appraiser hunters when they can score the cheapest appraisal fee.

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M&A Glossary: No-Shop Clause

Exit Strategy

Many M&A negotiations include a no-shop clause. This is a period of exclusivity when the seller cannot solicit offers from other parties. The due diligence process is expensive for buyers, so sellers sign these agreements as an act of good faith. Typically, a no-shop clause has a near-term expiration date and is only in effect […] The post M&A Glossary: No-Shop Clause appeared first on Exit Strategies Group, Inc.

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PE Firms Swap Calisen Stake At Reported $5B Value

Law 360 M&A

A majority stake in Calisen Group is changing hands in a private equity-backed deal that is said to value the British smart metering company at more than $5 billion, according to disclosures made Monday.

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Give Yourself the Gift of a Valuation This Holiday Season

Exit Strategy

As the year winds down, there’s a gift every business owner should consider—a current valuation of your business. While holiday lists often include items like client gifts or end-of-year celebrations, knowing the true value of your business is a gift that keeps on giving. Here’s why it matters now more than ever. Estate Planning: One […] The post Give Yourself the Gift of a Valuation This Holiday Season appeared first on Exit Strategies Group, Inc.

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Tackling heat electrification to decarbonize industry

Mckinsey and Company

Most industrial heat production (more than 20 percent of global energy consumption) is generated by fossil fuels. Heat electrification technologies can help decarbonize industry and support net zero.

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Ex-Skadden Chair Retiring And Joining Legal Tech Boards

Law 360 M&A

Eric Friedman, who led Skadden Arps Slate Meagher & Flom LLP for 15 years as chair and executive partner, is retiring from the firm at the end of the year and joining the boards of two legal tech companies.

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SAS 145 insights: Inherent risk assessment and effective confirmations

ThomsonReuters

← Blog home At a high level, SAS 145 brings with it refinements to risk assessment standards in audits, reinforcing the need for vigilance and critical thinking. While it does not change the confirmation requirements, it prompts auditors to re-examine inherent risk factors closely, particularly for areas like cash and cash equivalents, where fraud can be more prevalent.

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US Pitches $7.5B Loan To Stellantis-Samsung Battery Venture

Law 360 M&A

The U.S. Department of Energy on Monday said it intends to lend up to $7.54 billion to back a pair of lithium-ion battery manufacturing facilities that a joint venture of Samsung SDI and automaker Stellantis NV is developing in central Indiana.

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Valuing a Recreation Business

Peak Business Valuation

Recreation businesses provide a range of products to consumers who love the outdoors. This generally includes ATVs, RVs, boats, and other recreational vehicles. With growing trends in outdoor exploration and adventure, owning a recreation business can be rewarding. If you plan to buy , grow , or sell a recreation business , receiving a business valuation is a helpful step forward.

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Bochner Litigator Jumps To Gordon Rees In Bay Area

Law 360 M&A

Gordon Rees Scully Mansukhani LLP is deepening its California bench, bringing in a Bochner PLLC litigation and transactional attorney as a partner in its San Francisco Bay Area offices.

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Northern Star Acquires De Grey For $3.3 Billion, Secures Promising Tier 1 Asset

Benzinga

Leading Australian gold miner Northern Star Resources (OTC: NSTYY ) has announced a $3.3 billion acquisition of De Grey Mining (OTC: DGMLF ), taking over De Grey's prized Hemi gold project. "This acquisition reinforces Northern Star's position as the leading ASX-listed gold company and a top-ten global gold producer," stated Stuart Tonkin , CEO of Northern Star.

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Software Biz K3 To Sell Unit To PE-Backed Co. For £36M

Law 360 M&A

U.K. business software group K3 said Monday that it has agreed to sell subsidiary NexSys to Syspro for £36 million ($46 million) as the private equity-backed company aims to expand in the U.K. and Europe.

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Wachtell Lipton Discusses Prospects of Legal Clarity for Cryptoassets

Reynolds Holding

A resilient cryptoasset industry is emerging from weathering years of headwinds — from edicts prohibiting the banking of the industry, to an SEC leadership bent on aggressive regulation-by-enforcement in lieu of transparent rulemaking. Looking ahead, tailwinds abound: Bitcoin and Ether exchange-traded products, approved just this year, already have over $150 billion in assets under management.

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EQT and GIC buy UK’s Calisen for £4bn

Financial Times M&A

Private equity group and Singaporean sovereign wealth fund to control UK smart meter provider

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VENHUB GLOBAL, INC., A PROVIDER OF FULLY AUTONOMOUS AND ROBOTIC RETAIL SOLUTIONS, TO LIST ON NASDAQ

Benzinga

VenHub Global, Inc. is an emerging AI and robotics technology company that has developed a 24/7 fully-autonomous retail Smart Store, headquartered in Pasadena, CA, and has amassed a robust pre-order backlog of 1,000+ stores with potential revenue of more than $300 million 1 VenHub's innovative solution offers low building and operating costs and advanced security features, empowering store owners to deliver a seamless customer experience VenHub's proprietary robotic arms technology and

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Antitrust: Is a GAAP Loophole Letting Parties Dodge HSR Filings?

John Jenkins

I know everyone is licking their wounds over the recent changes to the HSR form, so please don’t shoot the messenger on this one! Anyway, a recent paper by business school profs at Stanford & Chicago claims that GAAP is allowing buyers to avoid HSR scrutiny on a large number of potentially anticompetitive deals.

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Activated Carbon Fiber (ACF) Market to Surpass Valuation of USD 762.85 Million by 2031 | SkyQuest Technology

Benzinga

Westford, USA, Dec. 02, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the global activated carbon fiber (ACF) market size will reach a value of USD 762.85 Million by 2031 , with a CAGR of 8.91% during the forecast period (2024-2031). The market is expanding significantly as a result of its numerous applications in different sectors. Activated carbon fibers are super useful for energy storage, air filtration, and water purification applications due to their high surface area, pore volume, and a

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How an American steel takeover became a political firestorm

Financial Times M&A

A Japanese company’s plan to buy US Steel is challenging the country’s long-standing policy towards foreign investment

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