Tue.Jul 09, 2024

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Dark Accounting Matter

Harvard Corporate Governance

Posted by Colleen Honigsberg (Stanford Law School), on Tuesday, July 9, 2024 Editor's Note: Colleen Honigsberg is Associate Dean of Curriculum and Professor of Law at Stanford Law School. This post is based on her recent paper. Physicists calculate that approximately 85% of the matter in the universe is composed of “dark matter” that “does not absorb, reflect, or emit electromagnetic radiation and is therefore difficult to detect.

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Building AI-enabled services

Mckinsey and Company

Advanced digital, automation, and AI technologies offer a great customer experience at low cost. The real challenge is building services organizations that can make the most of these new tools.

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S&P 500 CEO Pay Rebounds After Decline in 2022

Harvard Corporate Governance

Posted by Amit Batish, Equilar, Inc., on Tuesday, July 9, 2024 Editor's Note: Amit Batish is Senior Director of Content at Equilar, Inc. This post is based on an Equilar memorandum by Mr. Batish and Courtney Yu. CEO compensation is a multifaceted and often scrutinized aspect of corporate governance. Public companies typically incentivize CEOs to drive corporate performance with lucrative pay packages.

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David Ellison Poised to Become a New Mogul in a Diminished Hollywood

NYT M&A

David Ellison is poised to soon run Paramount Pictures, among other entertainment assets. But what does that mean in a fractured cultural landscape?

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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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Shareholder Proposal No-Action Requests in the 2024 Proxy Season

Harvard Corporate Governance

Posted by Marc S. Gerber, Skadden, Arps, Slate, Meagher & Flom LLP, on Tuesday, July 9, 2024 Editor's Note: Marc S. Gerber is Partner at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on his Skadden memorandum. Key Points For the 2024 proxy season, companies submitted approximately 50% more no-action requests for the exclusion of shareholder proposals than they did for the prior proxy season.

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Broadcom Issues $5B in Debt To Fund VMware Acquisition

Benzinga

Broadcom Inc (NASDAQ: AVGO ) borrowed $5 billion in the U.S. investment-grade bond market on Monday to refinance some of the loans it secured for its $69 billion acquisition of VMware Inc. The software developer sold debt in three parts, Bloomberg cites a familiar source. After initial talks, the longest tranche yields 0.95 percentage points over Treasuries, approximately 1.25 percentage points above Treasuries.

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Comment on Leaving the Appraisal Profession by Mark Hastert

Appraisers Blog

In reply to Carrie Smith. In a way all appraisers are economists. We study mostly micro markets to estimate a value for a single unit in a market. Because we understand markets it should come as no surprise that due to the economy of scale, the big fish have advantages that they leveraged to the independent appraiser’s detriment. I’ve always joked that we independent appraisers are too damned independent for our own good.

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Tax expert: Federal tax impact post-Loper Bright

ThomsonReuters

In a landmark decision that has sent ripples through the legal and tax communities, the recent Loper Bright ruling has the potential to reshape the landscape of federal tax in significant ways. As businesses and individuals alike scramble to understand the implications of this pivotal case, Checkpoint turns to an expert who can shed light on the complexities and consequences of the ruling.

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Comment on Leaving the Appraisal Profession by Carrie Smith

Appraisers Blog

The large amc companies are hiring their own appraiser’s, licensed or trainees who they can train now without a supervisor, and they will pay them a flat salary while raking in the appraisal fees for themselves and only have in house appraiser’s. That is how they will end independent appraising. Look our entire country is being destroyed by the same big businesses who want to put all the independent people out of business.

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Regulatory Brief for July 2024: The End of Chevron Deference, and More

N Contracts

Ncontracts regulatory compliance experts brief you on the Supreme Court’s overrule of Chevron Deference, three enforcement actions, and a bevy of news.

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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 Another ‘Bad’ Word to Avoid! by Baggins

Appraisers Blog

In reply to Tom. Do you subscribe to consumers research? [link] ? [link] Read the longer linked report in the second link. Would those ‘responsible management duties’ also apply to how the GSE’s are conducting business and attempting to remove human appraisers and replace us with automation? But wait, it gets better. There is more.

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Mentoring support as farm business diversifies (case study/testimonial)

JPAbusiness

Services provided by JPAbusiness: Business advice Strategic planning Project management Business background Innovative, multi-generational, family farming enterprise, producing beef cattle and grain crops. Approximate turnover $2 million Property is home to a quarry producing gravel and sand products. Family have run the quarry as a significant commercial enterprise for over five years.

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Comment on Another ‘Bad’ Word to Avoid! by Baggins

Appraisers Blog

In reply to Carrie Smith. You’re not really buying into that are you? Just type in the descriptive language as you normally would. If a lenders staff gets ridiculous with language censorship requests, drop them in favor of someone else. If those people can’t tell the difference between color descriptions of appliances and racism, they’re not the type of people you should be working with in the first place.

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Carve-Out Success: The Crucial Role of a Transition Services Agreement in M&A Transactions

Redpath

If you are planning an M&A transaction that is a carve-out situation, you want to ensure a successful transition and business continuity. That is the key to retaining value into the future. A TSA defines and drives the process in every detail so the operational takeover can move forward smoothly and nothing is overlooked. Under the TSA, the seller will maintain things as they have done historically for the buyer until the buyer is ready to assume those services on their own.

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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 Another ‘Bad’ Word to Avoid! by PJTC

Appraisers Blog

I wrote to FNMA with a list of words including places of worship, desire etc. I received a very nice reply stating the use is not prohibited by them in the correct context. I cut and past it in my addendum and have never been questioned again. This are arbetreara rules being put in place by the management companies and lenders for their own self serving purposes.

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The McKinsey Crossword: Saucy | No. 188

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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Comment on Another ‘Bad’ Word to Avoid! by Carrie Smith

Appraisers Blog

You can no longer say “black” or “white” appliances, which in our market is not as updated as stainless steel and just describing the interior, maybe they will eventually remove all our speech, lest it may offend someone somewhere- 0

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Large London office buildings proving almost impossible to sell

Financial Times M&A

High interest rates and hybrid working thwart efforts to kick-start dealmaking

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Comment on Another ‘Bad’ Word to Avoid! by Tom

Appraisers Blog

In reply to Baggins. “The miracles of modern propaganda, courtesy of the GSE’s as their response to radical DEI activists.” If only Tractor Supply ordered appraisals.

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Bookkeeping Provides a Solid Foundation for Financial Reporting

Machen McChesney

There are currently more than 33 million small businesses in the United States , according to the U.S. Chamber of Commerce. To succeed in today’s competitive markets , it’s essential for your business organization to have accurate books and records.

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Comment on Another ‘Bad’ Word to Avoid! by Baggins

Appraisers Blog

In reply to WA State Appraiser. I don’t have to do anything. And I don’t. At least someone is reading your reports, the automated language scrapers don’t recognize pdf inclusions of MLS listing pages. Catch 22 the process: On this date xx/xx/xxxx the client (x) made this specific request to the appraiser: Blur out the word church from the realty listing document.

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Be Aware of the Tax Consequences of Selling Business Property

Machen McChesney

If you’re selling property used in your trade or business, you should understand the tax implications. There are many complex rules that can potentially apply. To simplify this discussion, let’s assume that the property you want to sell is land or depreciable property used in your business, and has been held by you for more than a year.

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Comment on Another ‘Bad’ Word to Avoid! by WA State Appraiser

Appraisers Blog

To lighten the load somewhat from discussions about current highly restrictive language use in appraisal reports that tends to circumvent actual reality

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Private Equity Investors Learn What Family Shareholders Have Always Known

Auto Dealer Valuation Insights

Since the turn of the century, pension funds have increasingly turned to private equity investments in a bid to earn higher returns. As detailed in a recent Wall Street Journal article, pension funds have boosted private equity allocations from just 3% of their portfolios in 2001 to 14% in 2023.

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Comment on Another ‘Bad’ Word to Avoid! by WA State Appraiser

Appraisers Blog

To lighten the load somewhat from discussions about current highly restrictive language use in appraisal reports that tends to circumvent actual reality

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What's Going On With Paramount Global's Shares On Tuesday?

Benzinga

Mass media and entertainment conglomerate Paramount Global (NASDAQ: PARA ) shares are trading higher today. Skydance Media CEO David Ellison outlined a transformative vision for Paramount, positioning the company as a technology-media hybrid amid rising competition from tech giants entering the entertainment sector. In an hour-long presentation to investors following the announcement of a merger agreement with Paramount , Ellison cited Steve Jobs as a mentor who shaped his perspective on integra

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Comment on Another ‘Bad’ Word to Avoid! by WA State Appraiser

Appraisers Blog

To lighten the load somewhat from discussions about current highly restrictive language use in appraisal reports that tends to circumvent actual reality

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Eli Lilly's $3.2B Morphic Deal Is 'Crucial,' Has 'Strategic Merit' Despite Investor Attention On Obesity: Analyst

Benzinga

Eli Lilly And Co (NYSE: LLY ) agreed to acquire Morphic Holding Inc (NASDAQ: MORF ) for $57 per share in cash, an aggregate of approximately $3.2 billion. Lead asset MORF-057 is a small-molecule inhibitor that is currently in Phase 2b trial for ulcerative colitis, with a readout expected in the first half of 2025. It recently initiated a Phase 2 study in Crohn’s disease.

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FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 06/2024 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 06/2024”. The Monitor is a monthly published overview of venture capital trends in. Read more The post FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 06/2024 published appeared first on FCF Fox Corporate Finance GmbH.

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Arthur J. Gallagher Buys Cleary Benefits, Spurs Portfolio

Benzinga

Arthur J. Gallagher & Co. (NYSE: AJG ) recently acquired Cleary Benefits Group Inc. The terms of the transaction have not been revealed yet. Danbury, CT-based Cleary Benefits Group was founded in 1998. It is an independent, privately owned, strategic benefits advisory company. The company provides all-inclusive health & welfare benefits consulting services and delivers senior-level expertise, entrepreneurial thinking and guaranteed performance.

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Chancery OKs $100K Incentive Fee In $18.8M Class Settlement

Law 360 M&A

An $18.8 million settlement ended Tuesday a Delaware Court of Chancery derivative suit alleging a $220 million breach of fiduciary duty by Guggenheim Funds Investment Advisors LLC and trustees of a closed-end fund client, with the court also approving a rare $100,000 plaintiff incentive fee.

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Powering Up the Future: Dominion Energy Acquires Lease for 800 MW Offshore Wind Project

Benzinga

Dominion Energy, Inc. ‘s (NYSE: D ) subsidiary Virginia Electric and Power Company agreed to acquire the Kitty Hawk North Wind offshore wind lease and associated developments (known as CVOW-South) from Avangrid, Inc. (NYSE: AGR ) for $160 million. The transaction value comprises $117 million for the lease acquisition and $43 million for related development cost reimbursement to Avangrid.

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Chancery Gives X Corp. One Week To Redact Twitter Docs

Law 360 M&A

X Corp. has a little over a week to prepare public versions of sealed court documents from Twitter Inc.'s 2022 battle with Elon Musk over his $44 billion acquisition bid, after a legal research website challenged the ongoing confidential treatment of the Delaware Chancery Court filings.

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Intelligent Bio Solutions Strengthens UK Market Position with Addition of Key Manufacturing Accounts

Benzinga

NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (NASDAQ: INBS ) ("INBS" or the "Company"), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced the addition of several key accounts in the UK manufacturing sector. This announcement follows recent successes in the warehouse and logistics , transport and infrastructure , and retail sectors as the Company's growth momentum continues.