Tue.Sep 10, 2024

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Recap of the 2024 Say on Pay Season

Harvard Corporate Governance

Posted by Linda Pappas, Perla Cuevas, and Jose Lawani, Pay Governance LLC, on Tuesday, September 10, 2024 Editor's Note: Linda Pappas is a Principal, and Perla Cuevas and Jose Lawani are Consultants at Pay Governance LLC. This post is based on their Pay Governance memorandum. Key Takeaways The number of failed S&P 500 SOP proposals (n=4) is tied with an all-time low previously observed in 2015 Improvement in 1- and 3-year TSR performance ending in FY2023 compared to the prior period TSR per

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Just Miles from Kroger’s Court Battle, a Food Desert Shows What’s at Stake

NYT M&A

Federal regulators are trying to block Kroger’s merger with Albertsons. In a Portland suburb, residents already know what deteriorating access to fresh food looks like.

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SEC Continues Focus on Off-Channel Communications

Harvard Corporate Governance

Posted by Tami Stark, Claudette Druehl and Robert DeNault, White & Case LLP, on Tuesday, September 10, 2024 Editor's Note: Tami Stark is a Partner, Claudette Druehl is a Counsel, and Robert DeNault is an Associate at White & Case LLP. This post is based on their White & Case memorandum. On August 14, the U.S. Securities and Exchange Commission (“SEC”) announced yet another wave of enforcement actions related to widespread “off-channel communications,” charging an additional 26 firms

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GB News investor Paul Marshall seals £100m deal to buy Spectator

The Guardian M&A

Hedge fund tycoon is also in talks with RedBird IMI to acquire Daily and Sunday Telegraph Business live – latest updates Sir Paul Marshall has sealed a £100m takeover of the Spectator magazine as the backer of GB News completes the next stage of his ambition to control a significant swathe of the UK’s conservative and rightwing media outlets. Marshall, the hedge fund tycoon who already owns the UnHerd website, is also in the running to buy The Daily and Sunday Telegraph with the second round of

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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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Firm Performance Pay as Insurance against Promotion Risk

Harvard Corporate Governance

Posted by Alvin Chen (Stockholm School of Economics), on Tuesday, September 10, 2024 Editor's Note: Alvin Chen is an Assistant Professor of Finance at the Stockholm School of Economics. This post is based on his article published in The Journal of Finance. Conventional wisdom suggests that workers should neither be rewarded nor punished for outcomes beyond their individual control.

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Southwest Plans Board Shakeup Amid Activist Pressure

Law 360 M&A

Southwest Airlines detailed plans Tuesday to overhaul its board of directors but stood by its chief executive, as the company faces pressure from Elliott Investment Management LP to make leadership changes.

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SEC Files New Insider Case Tied To Stolen Covington Info

Law 360 M&A

The U.S. Securities and Exchange Commission on Tuesday brought a new insider trading case tied to the theft of confidential merger information from a Covington & Burling LLP lawyer, suing the cousin of a former FBI trainee who was sentenced to prison for filching the Merck & Co. deal info at the heart of the case and then tipping off others.

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Comment on The Lack of Transparency in Appraiser Compensation by Dave

Appraisers Blog

When in Rome……… ! If you intend to stay with us, there is nothing wrong with working on the English language! Actually, bilingual gifted people have a tremendous advantage in life – Work on – “Hello, I am an appraiser and would like to make an appointment”! This is not rocket science! Think of poor Baggins who is so old he has to script it – LOL!!

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Blink Fitness Lands $105M Bid From PureGym

Law 360 M&A

Bankrupt gym chain Blink Fitness landed a stalking horse bid from a unit of U.K.-based global gym operator PureGym Ltd. that sets a $105 million floor price for a Chapter 11 auction set to be held later this month, the companies said Tuesday.

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Comment on The Lack of Transparency in Appraiser Compensation by Frustrated Appraiser

Appraisers Blog

In reply to Maureen Sweeney. Due to NAR recent survey re: data collectors, a ton more work needs to be done. NAR is continually failing. Why did they not reach out to appraisers to review the study/questions PRIOR to putting this hot mess out?

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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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Reasons an LLC Might Be the Ideal Choice for Your Small Business

Machen McChesney

Choosing the right business entity is a key decision for any business. The entity you pick can affect your tax bill, your personal liability, and other issues. For many businesses, a limited liability company (LLC) is an attractive choice. It can be structured to resemble a corporation for owner liability purposes and a partnership for federal tax purposes.

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Comment on The Lack of Transparency in Appraiser Compensation by Baggins

Appraisers Blog

In reply to Dave. Hey, I’m not even fifty yet. I do the same things I always used to do, just takes me longer. Personally the migrant community has a lot of work to do on their own side regarding these matters. I get calls from live human scam artists sometimes daily, the vast majority of the time they have accents from around the world. Unless people come to me through official client channels or by some other means such as I sought them out purposefully, a sensible practice these days is

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The physician shortage isn’t going anywhere

Mckinsey and Company

Physicians shed light on the factors that are pushing them out of the workforce and the changes that could make them stay.

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Comment on The Lack of Transparency in Appraiser Compensation by Maria

Appraisers Blog

I am an immigrant, and have a thick accent. I was just trying to set up an appointment via phone. Barely introduced myself, and the phone on the other side was put down. Rude… It is called discrimination, suffered by an appraiser. This happens many times. Hence I prefer to send text message or email. Who protects an appraiser who is subject to discriminationsss???

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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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PGA Tour Meets With Saudi Fund in New York to Discuss LIV Golf Deal

NYT M&A

More than a year has passed since the tour agreed to a deal with LIV Golf, but there is some hope an in-person gathering in New York could create momentum.

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Comment on VaCAP Supports Shane Lanham’s Legal Fight by PJTC

Appraisers Blog

I don’t think the majority of appraisers gets how important this case actually is to this industry. But, I must say, I’m not surprised. The profession I have loved for 40 years has no lack of selfish, “I’d sell my mom for $25”, appraisers. This guy is going way out on a limb for all of us yet the stingyness of some defies logic and fully exposes why we are in the situation we are.

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The Spectator Magazine Sold to Paul Marshall, a U.K. Hedge Fund Tycoon

NYT M&A

Paul Marshall, a multimillionaire founder and investor in upstart conservative media outlets, has bought the right-wing British magazine in a deal worth about $131 million.

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Comment on VaCAP Supports Shane Lanham’s Legal Fight by steve

Appraisers Blog

it would be nice if the judge would summary judgement in Shane’s favor.and then dress down Relman Colfax for not verifying the two reports before sending Connolly out on his media tour.i’m not holding my breath.THANKS VaCAP !!!

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Cannabis Hiring Platform Vangst Predicts 1M Full-Time Marijuana Jobs By 2029, Announces Acquisition Of GreenForce Staffing Agency

Benzinga

Vangst , cannabis industry’s leading hiring platform, announced Tuesday its acquisition of GreenForce , a temporary staffing agency operating in Oregon and Arizona. This move, effective immediately, positions Vangst for further expansion both regionally and nationally, marking its second major buyout in 2024. GreenForce: Pioneers In Cannabis Labor Services Founded in 2016, GreenForce has carved a niche in providing specialized labor services such as harvesting, cultivation and trimming, pr

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Comment on VaCAP Supports Shane Lanham’s Legal Fight by Frustrated Appraiser

Appraisers Blog

Thank you for sharing this. Thank you Virginia coalition of appraisers. Shane needs and all the support he can get. We need to prove that these claims and stories of bias are false until proven, by peers That they are accurate. The plaintiffs choice of experts is completely irrelevant because they have little to no appraisal knowledge. Just more fluff.

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Deploying private sector best practices to government budgeting

Mckinsey and Company

Government finance leaders can apply private sector best practices to rejuvenate government budgeting processes in an uncertain and dynamic operating environment.

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Comment on VaCAP Supports Shane Lanham’s Legal Fight by Baggins

Appraisers Blog

In the interest of being agreeable, and having nothing to hide, I provided all appraisals I have since I started my business in 2015-2016 to the Plaintiffs as they requested / Oh my… Such an action is beyond the requirement of the jurisdictional exception rule. The appraiser should adamantly adhere to report confidentiality unless a judge or authorized agency orders the appraiser otherwise.

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The McKinsey Crossword: Look Both Ways | No. 197

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 VaCAP Supports Shane Lanham’s Legal Fight by Baggins

Appraisers Blog

In reply to Baggins. “When compliance with uspap is required by law or regulation, no part of uspap can be voided by a law or regulation of a state or local jurisdiction.” Pg 11. Ethics rule on confidentiality. AO 60, AO 68, AO 78. / Ask the judge to reel all of that back in, move back to the initial scope of the claim and complaint. Rule all but the initial appraisal as inadmissible evidence.

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Gold mining needs bigger nuggets

Financial Times M&A

Investors should expect more opportunistic bids in a fragmented sector suffering from dearth of new projects

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Comment on VaCAP Supports Shane Lanham’s Legal Fight by Mary T Thompson

Appraisers Blog

EVERYONE here needs to donate what they can and then SHARE, SHARE, SHARE on all social media pages and elsewhere. I saw the pitiful Congressional hearing with Junia and Tobias Peter. Junia was crazy, she talked so fast it was like she was on speed and she has it in for Appraisers clearly YET Congressional members who wish to continue the RACE argument questioned her more.

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UniCredit buys 9% stake in Commerzbank

Financial Times M&A

Italian bank seeks regulator’s approval to further increase its holding in German rival

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Comment on Escaping the Black Hole: Appraisers Fleeing Mortgage Lending by PJTC

Appraisers Blog

In reply to Spencer Paul. In many cases it’s the insurance companies driving that machine and will force their clients to settle, right or wrong, to minimize the payout pain.

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Paul Marshall bolsters media baron credentials with £100mn Spectator purchase

Financial Times M&A

GB News owner’s acquisition of historic magazine has raised concerns over editorial direction

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Comment on Escaping the Black Hole: Appraisers Fleeing Mortgage Lending by Pray Hard

Appraisers Blog

In reply to Mary Cummins. You just discussed what I see as the BIG problem looming. That is, where “race” is an issue, even though it’s not supposed to be, appraisers will be “expected” to not use actually comparable properties as comparables within the actual competing market, but will be brow beaten into using “comparables” outside the actual competing market which are not comparable in adjustable factors.

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US regulator signals doubts about proposed Circle K and 7-Eleven deal

Financial Times M&A

Merger of convenience store and petrol station chains would create one of the largest retail groups in America

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Comment on VaCAP Supports Shane Lanham’s Legal Fight by Coleen Courtney-Morrison, ASA

Appraisers Blog

The outcome of this case will shape the future of the appraisal industry, making Shane Lanham's legal battle one that concerns us all

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A New Approach to Measuring Shareholder Damages in Securities Class Actions

Reynolds Holding

Securities class-action lawsuits play a crucial role in holding corporations accountable for financial misdeeds. They typically involve allegations of securities fraud, where a company makes misleading statements or omits important information that leads to an inflated stock price. When the truth emerges, and the stock price drops, investors seek damages for the losses they incurred.

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Comment on VaCAP Supports Shane Lanham’s Legal Fight by Chase Pursley

Appraisers Blog

The outcome of this case will shape the future of the appraisal industry, making Shane Lanham's legal battle one that concerns us all