Mon.Apr 01, 2024

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Key Implications of SEC’s Climate-Related Disclosure Rules

Harvard Corporate Governance

Posted by Catherine M. Clarkin, C. Michelle Chen, and June M. Hu, Sullivan & Cromwell LLP, on Monday, April 1, 2024 Editor's Note: Catherine M. Clarkin and C. Michelle Chen are Partners, and June M. Hu is Special Counsel at Sullivan & Cromwell LLP. This post is based on a Sullivan & Cromwell memorandum by Ms. Clarkin, Ms. Chen, Ms. Hu, Robert W.

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Steel Products Maker Nucor Acquires Southwest Data Products For $115M

Benzinga

Nucor Corporation (NYSE: NUE ) has acquired Southwest Data Products, Inc. (SWDP), a manufacturer and installer of data center infrastructure, for $115 million. Nucor also launched Nucor Data Systems, a new business unit to cater to the customers in the data center infrastructure industry. SWDP’s offices and manufacturing facility are in San Bernardino, California, and employs about 147 teammates. “We are excited to add SWDP and new.

Equity 106
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Prestige, Promotion, and Pay

Harvard Corporate Governance

Posted by Daniel Ferreria (London School of Economics) and Radoslawa Nikolowa (Queen Mary University of London), on Monday, April 1, 2024 Editor's Note: Daniel Ferreria is a Professor of Finance at the London School of Economics and Political Science, and Radoslawa Nikolowa is an Associate Professor of Economics and Finance at Queen Mary University of London.

Finance 138
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Why Merchandising & Marketing Services Firm SPAR Shares Are Rocketing Today

Benzinga

SPAR Group, Inc. (NASDAQ: SGRP ) shares are trading higher after the company reported fourth-quarter financial results and announced the sale of its interest in South Africa and Brazil for roughly $22 million. The company reported an adjusted EPS of $0.11, higher than $0.02 a year ago and above the consensus of $(0.01). Sales of $65.10 million beat the consensus of $65.00 million.

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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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BlackRock has expanded Proxy Voting Choice to millions of U.S. retail shareholder accounts

Harvard Corporate Governance

Posted by Joud Abdel Majeid and Rachel Aguirre, BlackRock Inc., on Monday, April 1, 2024 Editor's Note: Joud Abdel Majeid is Global Head of Investment Stewardship, and Rachel Aguirre is Head of U.S. iShares Product at BlackRock Inc. This post was prepared for the Forum by Ms. Abdel Majeid and Ms. Aguirre. In 2022, BlackRock launched its “Voting Choice” program, providing eligible clients with more opportunities to participate in the proxy voting process where legally and operationally viable.

Equity 131
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LaPorte CEO and Audit Director Named as CityBusiness MoneyMakers Award Honorees

LaPorte

Eric E. Bosch, CPA, President and CEO of LaPorte CPAs & Business Advisors (LaPorte) and Tracy Tufts, CPA, CCIFP, Director of Audit and Assurance Services,… The post LaPorte CEO and Audit Director Named as CityBusiness MoneyMakers Award Honorees first appeared on LaPorte.

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How to prepare for the CFO role

Mckinsey and Company

Amid decade-high CFO turnover, former chief financial officers share advice on what matters most today for securing the top job in finance.

Finance 110
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Comment on ChatGPT Appraisal Error Sparks Ethics Debate by Baggins

Appraisers Blog

In reply to David. You forgot to capitalize the i. Earlier on, I put a space in front of the period. Speed typing and all. If you are looking for character or posting limitations, perhaps try out Twitter. Fifteen words left… Water water everywhere, not a drop to drink. Can you hear me now?

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2024 Q2 Tax Calendar: Key Deadlines for Businesses and Employers

Machen McChesney

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements.

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Comment on ChatGPT Appraisal Error Sparks Ethics Debate by Old Man

Appraisers Blog

In reply to GKBNM. Good advice GKNBM. This is a trainee who sounds as if they are being hung out to swing alone—IF it is true. Something is strange about this whole “set-up”???? Trust nobody and depend solely on your gut instincts to survive. I truly hope this is just an April Fools prank and not a sign of the human condition at this period in time.

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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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Sports Illustrated’s Owner Sues Energy Drink Mogul After Chaos at Magazine

NYT M&A

Authentic Brands Group, which owns Sports Illustrated, is accusing Manoj Bhargava of failing to pay millions of dollars for the rights to publish the magazine.

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Comment on ChatGPT Appraisal Error Sparks Ethics Debate by Spencer Paul

Appraisers Blog

Anybody that’s choosing a 10-year-old boilerplate comment is in jeopardy of a lot of issues. it doesn’t mean that they’re doing anything wrong, however, you might want to review them with any changes of laws, Fannie Mae requirements, etc. But it doesn’t make them wrong.

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How shockproof is your supply chain, really?

Mckinsey and Company

Reducing direct imports from a country may not reduce geopolitical risk as much as you might expect.

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Comment on ChatGPT Appraisal Error Sparks Ethics Debate by Baggins

Appraisers Blog

In reply to David. Baggins. An LOTR reference. The remarkable middle earth humanoid whom happened to be quite resilient to the forces of the dark lord. Did you use chat ai to post that comment? Diatrabes; diatribe noun di·?a·?tribe ?d?-?-?tr?b Synonyms of diatribe 1 : a bitter and abusive speech or piece of writing 2 : ironic or satirical criticism 3 archaic : a prolonged discourse Close.

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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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Sports Illustrated’s Owner Sues Energy Drink Mogul After Chaos at Magazine

NYT M&A

Authentic Brands Group, which owns Sports Illustrated, is accusing Manoj Bhargava of failing to pay millions of dollars for the rights to publish the magazine.

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Comment on ChatGPT Appraisal Error Sparks Ethics Debate by Baggins

Appraisers Blog

In reply to Andrew Picarsic. There is also the free to use, non AI spell checker which works with your browser in Mozilla, and actively in real time highlights all mis spellings in red as you type, no matter where you are at on the internet. Then the option is to right click the word which brings up your dictionary options with simplistic predictive spelling solutions, which you can simply click to auto correct, or just bounce to WORD for a more thorough grammatical and word use correction progr

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Benchmark International Successfully Facilitated The Transaction Between Summit Trailer Sales Inc. And Jorden Industries

Benchmark Report

Benchmark International is pleased to announce that the management team at Jorden Industries, owners of Clement Trailers and Hilbilt Trailers, has acquired Summit Trailer Sales, Inc.

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Comment on ChatGPT Appraisal Error Sparks Ethics Debate by David

Appraisers Blog

“Specific” doesn’t mean very factual or data thrown on the wall. Specific is your reporting data with meaningful analysis showing correlation to attributes that dats suggests reflect market behavior applicable to the property being appraised.

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The truth about Truth Social’s finances

Financial Times M&A

Plus, the Everton FC bidder’s latest wrinkle in Bermuda and India gears up to benefit from Chinese VC pullback

Finance 85
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Comment on ChatGPT Appraisal Error Sparks Ethics Debate by Spencer Paul

Appraisers Blog

In reply to tp. Not sure what rock you have been living under, by this is the first edition of USPAP that does not have an end date. Yes you are required to take the USPAP course ever cycle of your license renewal even if there has not been a single change. Also, you sounds as if the USPAP document is free to source and download at will. It is not.

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Market Forces at Play: A Downtown Property Valuation

RNC

Introduction: In Real Estate, understanding market trends is crucial for accurate valuation. This case study examines how these trends influenced the valuation of a downtown commercial property. Despite its prime location, shifting market trends favoured suburban areas over downtown spaces. Key Factors: Market Demand Shift: Changing work patterns and post-pandemic preferences decreased demand for downtown commercial spaces.

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Comment on ChatGPT Appraisal Error Sparks Ethics Debate by Andrew Picarsic

Appraisers Blog

Any appraiser can find this helpful when they write the narrative portions of a report. It is legitimate and that young appraiser would not have got his azz in trouble.

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Warner Bros. Directors Resign Amid DOJ Antitrust Concerns

Law 360 M&A

A pair of Warner Bros. Discovery directors have resigned from the board of directors after the U.S. Department of Justice flagged potential antitrust concerns over them sitting on both the Warner Bros. board as well as the board of Charter Communications, the agency announced Monday.

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Comment on ChatGPT Appraisal Error Sparks Ethics Debate by Andrew Picarsic

Appraisers Blog

This is an interesting topic about AI. Yes, the young appraiser should have taken the time to make his own comments. There is nothing wrong with using spell check as an aid. I did some research this week using AI Assisted Google. I ask a simple question. Will AI replace Real Property Appraisers? The link is what I got for an answer.

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Autonomy Paid Whistleblower $750K Over Firing, Jury Told

Law 360 M&A

Autonomy's former U.S. chief financial officer testified Monday in the California criminal fraud trial of ex-CEO Michael Lynch that he was fired after blowing the whistle to British regulators about accounting irregularities, and revealed that Autonomy later paid him $750,000 to resolve his wrongful termination claims.

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Comment on ChatGPT Appraisal Error Sparks Ethics Debate by David

Appraisers Blog

One of the chief (no pun intended) reasons that lenders want to pay half the expected fee is because they (with AI) have figured out that modern appraisal practice is all about the “general” and not the “specific” And, it certainly has nothing to do with “right” or “wrong” – it has everything to do with lack of “specific” contemporanious analysis reflective of the data.

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Nasdaq Sank Minority-Led SPAC's Tech Co. Merger, Suit Says

Law 360 M&A

The Nasdaq Stock Market along with in-house lawyers and other executives face claims they "arbitrarily and capriciously" abused their discretion to unfairly undermine a merger plan for a minority-led special purpose acquisition company seeking to bring a minority-led technology company onto the stock market.

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Comment on ChatGPT Appraisal Error Sparks Ethics Debate by Mary Cummins

Appraisers Blog

It’s not difficult or time consuming to write a market summary section. They are different for each property. While I use templates I read the template and edit it as needed for the specific property. I’ve actually tested AI to write some articles about different real estate topics. You really have to read what AI wrote and make necessary edits.

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Home Depot Announces SRS Distribution Acquisition

Auto Dealer Valuation Insights

The Fed’s efforts to rein in inflation from early 2022 through the middle of 2023 also reined in middle market M&A activity. Middle market transaction data provider GF Data reported data on 269 sub-$500 million acquisitions by private equity firms in 2023, compared to 464 such deals in 2021 (a 42% decrease).

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Comment on ChatGPT Appraisal Error Sparks Ethics Debate by Baggins

Appraisers Blog

In reply to Old Man. Oh the memories. The person is a real appraiser now, license not withstanding. Pinned to the wall, blindfolded, whipped, degraded, diminished, self censored, lost the client. The works! Welcome to the party and merry christmas. Enjoy your career as a real estate appraiser working for the lending community.

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Philip Morris Loses Chancery Bid To Join Reynolds-ITG Suit

Law 360 M&A

Philip Morris' "inexcusable," years-long inaction doomed its request to intervene for a cut of millions of dollars in profit adjustments, headed toward a Chancery Court trial later this year, in a dispute between two other tobacco giants over how much each party owes under a settlement with Florida, a Delaware vice chancellor ruled Monday.

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Comment on ChatGPT Appraisal Error Sparks Ethics Debate by GKBNM

Appraisers Blog

No sense in berating the trainee who thought they were doing the right thing. The word is “trainee” which means he or she is relying on the “trainer” to provide good instruction and guidance. Did the “trainer” even bother to read the report? One would think if they had they would have found the error. Yes, it is just common sense you read and understand what you are submitting however most of the blame needs to go to the trainer who it appears, if accurate, ne

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Skillz Hid 'Rudimentary' Gaming Tech, Investors Tell 9th Circ.

Law 360 M&A

Skillz Inc. investors urged the Ninth Circuit Monday to revive a consolidated proposed class action alleging the mobile-gaming company misled investors about its growth prospects surrounding its 2021 go-public merger with a special-purpose acquisition company — arguing Skillz skewed revenues and misleadingly touted its gaming technology, which was in reality "rudimentary.

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Comment on ChatGPT Appraisal Error Sparks Ethics Debate by Older and maybe Wiser

Appraisers Blog

What is beyond stupid? Oh yes… posting something stupid. This almost doesn’t sound real. I mean… how can anyone actually be that stupid? Then I remember… we are in 2024. Rather than having raised the bar to improve everyone, society has been lowering the goal posts to let everyone over. The person who used ChatGPT to generate their report and then post on social media they actually did this…… smh My bad………… for thinking we appraisers wo