August, 2024

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IVSC Perspectives Paper – Making Intangibles More Tangible: Series Lessons

IVSC

Making Intangible Assets More Tangible: The Final Chapter in IVSC’s Series on Intangible Assets IVSC is pleased to publish the final paper in our Perspectives Series on Intangible Assets, titled “ Making Intangibles More Tangible: Series Lessons ” This conclusive paper brings together the insights and findings from the entire series, offering a comprehensive view on the valuation of intangible assets, which have become increasingly pivotal in today’s global economy.

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The Sustainability J-Curve

Harvard Corporate Governance

Posted by Allen He and Jessica Pollock, FCLTGlobal, on Monday, August 26, 2024 Editor's Note: Allen He is a Director and Jessica Pollock is a Research Associate at FCLTGlobal. This post is based on their FCLTGlobal memorandum. Ideal vs. Reality Companies often argue that sustainability lies at the core of their business strategy and directly impacts their long-term profitability.

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The energy transition: Where are we, really?

Mckinsey and Company

Scaling up deployment of decarbonization technologies is crucial to achieve net zero, but there is a reality gap—the lack of firm EU and US project commitments could slow momentum.

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A Trial Asks: If Grocery Rivals Merge, Do Workers Suffer?

NYT M&A

As Kroger seeks to acquire Albertsons, federal regulators argue that the biggest supermarket combination in history will hurt not only consumers, but workers as well.

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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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EXCLUSIVE: Smart For Life Targets $100M Revenue Goal Through Strategic Health & Wellness Acquisitions

Benzinga

Wednesday, Smart for Life, Inc (NASDAQ: SMFL ) announced the potential expansion of its acquisition pipeline and provided an update on its M&A activities. The Company is currently negotiating the acquisition of four profitable Health & Wellness targets with several additional prospects in exploratory discussions as part of the Company's post-restructuring initiatives.

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Beat your Bot: Building your moat against AI

Musings on Markets

It seems like a lifetime has passed since artificial intelligence (AI) became the market's biggest mover, but Open AI introduced the world to ChatGPT on November 30, 2022. While ChatGPT itself represented a low-tech variation of AI, it opened the door to AI not only as a business driver, but one that had the potential to change the way we work and live.

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More Trending

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Managing Cyber Risk: Breach Risk Trends in Public Companies

Harvard Corporate Governance

Posted by Subodh Mishra, ISS STOXX, on Thursday, August 22, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Douglas Clare and Brian O’Leary. Introduction In the two years to January 2024, almost 700 cyber incidents were reported among Russell 3000 companies in the U.S., impacting more than 10% of the firms.

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Reimagining insurance with a comprehensive approach to gen AI

Mckinsey and Company

Insurance companies are at an inflection point with their generative AI use cases. Three McKinsey partners discuss the value of combining generative AI with other technologies.

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7-Eleven Is a Hard Target for Couche-Tard to Land in Takeover Bid

NYT M&A

Convenience stores are a part of the country’s culture, meaning that the foreign buyout bid for 7-Eleven, the largest chain, could be a hard sell in Japan.

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Ex-NYSE Regulatory Chief Labovitz On Launching Green Stock Market

Global Finance

Daniel Labovitz, the former NYSE head of regulatory policy, is swapping the traditional stock market blues for a greener pasture. As the CEO of the Green Impact Exchange (GIX), he aims to introduce the first US stock market exclusively focused on the $50 trillion-plus global green economy. If GIX gets the green light from the US Securities and Exchange Commission, it plans to kick off trading in 2025.

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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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Equity Percentages to Offer Investors at Different Stages

Equidam

You might occasionally come across the sentiment that “early stage investors don’t really look at valuation.” There’s some truth to it, in that they may not talk about it directly. However, one way or another, they have to consider valuation as a simple function of how much ownership of the company they secure relative to the amount of capital they contribute.

Equity 113
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Zelle Controversy Heats Up: JPMorgan Considers Legal Action

Benzinga

JPMorgan Chase & Co. (NYSE: JPM ) shares are trading lower premarket today. The bank disclosed that it is contemplating legal action against a U.S. consumer watchdog over the agency’s investigations into the Zelle payment app. In its filing, the bank stated that it is addressing inquiries from the Consumer Financial Protection Bureau (CFPB) about fund transfers via the Zelle Network.

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The short-termism trap: Catering to informed investors with limited horizons

Harvard Corporate Governance

Posted by James Dow (London Business School), Jungsuk Han (Seoul National University), and Francesco Sangiorgi (Frankfurt School of Finance and Management), on Tuesday, August 13, 2024 Editor's Note: James Dow is a Professor of Finance at London Business School, Jungsuk Han is an Associate Professor of Finance at Seoul National University, and Francesco Sangiorgi is an Associate Professor of Finance at Frankfurt School of Finance and Management.

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Global Economics Intelligence executive summary, July 2024

Mckinsey and Company

The economy remains resilient, but data signals a deceleration; China followed earlier moves by the Central Bank of Brazil, and the European Central Bank by easing monetary policy, cutting rates twice in a month.

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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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7-Eleven Gets Takeover Bid From Canada’s Alimentation Couche-Tard

NYT M&A

Japan’s Seven & i Holdings, which operates 85,000 stores, said it had received a bid from the Canadian convenience store chain Alimentation Couche-Tard.

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What Is Islamic Finance And How Does It Work?

Global Finance

The first of five parts of a Global Finance FAQ web series on Islamic finance. In just a few decades, Islamic finance has established itself as a significant player in global finance. Today, with thousands of institutions around the world, this sector is no longer limited to the devout clientele of Muslim countries in the Middle East and Southeast Asia.

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by Eric Kretz

Appraisers Blog

In reply to Retired Appraiser. RA, First off, I’m not your pal. Second, for you to summarily blame appraisers part and parcel for the current state of the industry is delusional ignorance. HVCC, Frand-Dodd, Fannie and Freddie and big gov’t regulations had zero effect on where we are now? Jeremy Baggots articles are the receipts and have outlined this in detail for years.

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AMD Expands AI Capabilities, Acquires ZT Systems in Major $4.9B Deal

Benzinga

Advanced Micro Devices, Inc (NASDAQ: AMD ) stock is trading higher Monday after the chip designer forged an agreement to acquire ZT Systems. AMD agreed to acquire ZT Systems, a provider of AI infrastructure for hyperscale computing companies, in a cash and stock transaction valued at $4.9 billion, including an earnout payment of up to $400 million. AMD expects the transaction to be accretive on an adjusted basis by the end of 2025.

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Shopify and the Problem of Shareholder “Approval” at Multi-Class Companies

Harvard Corporate Governance

Posted by Oren Lida and Dimitri Zagoroff, Glass, Lewis & Co, on Thursday, August 15, 2024 Editor's Note: Oren Lida is an Analyst and Dimitri Zagoroff is a Senior Editor at Glass, Lewis & Co. This post is based on their Glass Lewis memorandum. Media reporting can make proxy season seem more dramatic than it is. While breathless coverage of board strife, impossibly high executive pay figures and shareholder activism at well-known companies is the norm, the overwhelming majority of director

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The key to accelerating AI development? Pragmatism plus imagination

Mckinsey and Company

Leaders are treating generative AI as less of a curiosity and more an integral part of business. McKinsey research sheds light on who is using AI, how they’re using it, and the challenges that remain.

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How the Google Antitrust Ruling May Influence Tech Competition

NYT M&A

Nearly a quarter-century after Microsoft lost a similar case, a judge’s decision that Google abused a monopoly in internet search is likely to have major ripple effects.

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First Abu Dhabi Bank’s Matthew Adams On The Evolving Sub-Custody Space

Global Finance

Emerging markets are wildly diverse, and keeping track of the latest trends is often daunting. Luckily, Matthew Adams has at least two decades worth of expertise guiding him with each new policy shift and market shakeup. His resume includes various senior roles at major firms like State Street, HSBC, Northern Trust and BNP Paribas. By 2022, Adams arrived at First Abu Dhabi Bank (FAB) where he oversees the bank’s international client base of global custodians, broker dealers and private banks.

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by JM2C

Appraisers Blog

This failure to act has enabled AMCs to continue raking in windfall profits, all while appraisers struggle with stagnant fees and borrowers are forced to shoulder the burden of these inflated costs. It’s high time for the regulators to step up and fulfill their duty!

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Gold Mining M&A Heats Up As Rising Metal Prices Boost Cash

Benzinga

Gold mining companies are ramping up M&A activity as record gold prices boost the free cash flow they can use to make deals. As older mines become depleted and mining costs rise, quickly adding ounces in the ground is tempting, but it also adds the risk of paying too much or having trouble incorporating assets. In the latest merger in the gold mining sector, Gold Fields Ltd.

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2024 Proxy Roundup: ESG Metrics in Incentive Compensation Plans

Harvard Corporate Governance

Posted by Simone Hicks, Eric Juergens and Ulysses Smith, Debevoise & Plimpton LLP, on Monday, August 5, 2024 Editor's Note: Simone Hicks and Eric Juergens are Partners, and Ulysses Smith is an ESG Senior Advisor at Debevoise & Plimpton LLP. This post is based on a Debevoise memorandum by Ms. Hicks, Mr. Juergens, Mr. Smith, Alison Buckley-Serfass , Tricia Sherno and Beatrice Techawatanasuk.

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How Asia is harnessing AI for social good

Mckinsey and Company

The world is falling behind in achieving the Sustainable Development Goals on time. AI has the potential to devise and scale solutions to address societal and environmental issues—experts tell us how.

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Mars to Acquire Maker of Pringles, Cheez-It and Eggo in $36 Billion Deal

NYT M&A

Mars is acquiring Kellanova in one of the largest deals in the industry in years, creating a new global giant with a stable of well-known brands.

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Anglo American’s Big Restructuring Aims To Refocus Mining Giant 

Global Finance

The rattled corporation faces a rocky road through a wide-ranging restructuring, but some analysts see a more competitive company emerging. Century-old global mining-and-metals conglomerate Anglo American plc has been on a roller coaster since the end of May, when it dramatically cut off merger talks with rival BHP and instead announced a sweeping restructure of its portfolio.

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Comment on Appraisal Regulation Compliance Council Exposes Disturbing AMC Violations by JM2C

Appraisers Blog

In reply to Retired Appraiser. Harris has repeatedly cited anecdotal reports from homeowners of color who received low appraisals, using this as evidence of widespread and systemic bias in the appraisal industry. In essence, Harris argues that racial bias, both conscious and unconscious, is prevalent among white appraisers.

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7-Eleven Owned By A Japanese Company? 71% Of Benzinga Poll Respondents Surprised: Other Foreign-Owned US Companies Revealed

Benzinga

A proposed buyout offer of 7-Eleven parent company Seven & I Holdings Co could take the American convenience store from being owned by a Japanese company to a Canadian company. Many people likely have no idea that 7-Eleven is currently owned by a Japanese company according to a poll of Benzinga readers. What Happened : Canadian convenience store owner Alimentation Couche-Tard Inc (OTC: ANCTF ) has proposed an offer to buy Seven & I Holdings Co, the owner of 7-Eleven, for a reported $31 b

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The Credit Markets Go Dark

Harvard Corporate Governance

Posted by Jared A. Ellias (Harvard Law School) and Elisabeth de Fontenay (Duke University School of Law), on Thursday, August 8, 2024 Editor's Note: Jared A. Ellias is the Scott C. Collins Professor of Law at Harvard Law School, and Elisabeth de Fontenay is Karl W. Leo Distinguished Professor of Law at Duke University. This post is based on their recent article forthcoming in the Yale Law Journal.

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Healthy organizations keep winning, but the rules are changing fast

Mckinsey and Company

Driving higher organizational health and performance means focusing on new practices: empowering employees to make decisions, using technology to create value, and updating leadership styles.

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Nippon Steel’s $15 Billion U.S. Steel Takeover Bid Is in Peril

NYT M&A

The proposed merger of Japanese and American industrial giants, which proponents say would benefit both countries, is ensnared by political and labor opposition.

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Vyaire Medical Gets OK For $90M Sale Of Business Units

Law 360 M&A

A Delaware bankruptcy judge Friday approved the $90.5 million sale of ventilator maker Vyaire Medical's businesses, overriding creditor arguments that a deal with lenders apportioning the sale proceeds would leave Vyaire too little cash to get to the end of its Chapter 11 case.

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