October, 2022

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Have You Done The Math On Your Most Valuable Asset?

Viking Mergers

The closest thing most small business owners have to a business valuation is a speculation. If that sounds like you, you are far from alone. A recent bank survey revealed that 98% of small businesses can’t put a figure on their company’s value. If the majority of your personal net worth is invested in your company (which is the case for the majority of business owners) that means your business is your most valuable asset – which makes it worthwhile to know its fair value.

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How cyber governance and disclosures are closing the gaps in 2022

Harvard Corporate Governance

Posted by Chuck Seets and Pat Niemann, EY, on Sunday, October 2, 2022 Editor's Note: Chuck Seets is Americas Assurance Cybersecurity Leader and Pat Niemann is Americas Audit Committee Forum Leader at EY. This post is based on their EY memorandum. Cybersecurity is reaching an inflection point. Risks are growing and broader regulations are looming. Some companies are keeping pace, but others are lagging, both in disclosures and warding off threats.

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Can Elon Musk Make the Math Work on Owning Twitter? It’s Dicey.

NYT M&A

Mr. Musk faces financial challenges in owning Twitter. The site frequently loses money and took on $13 billion in debt for the blockbuster deal.

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Europe’s fintech opportunity

Mckinsey and Company

Fintech has moved from the fringes of European finance to its core, but performance varies widely. If all countries could match the best in region, the economic benefits would be considerable.

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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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Elon Musk proposes buying Twitter for originally agreed $44bn

Financial Times M&A

Tesla chief and social media company were set to take their dispute to trial later this month

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How Does Board-Shareholder Engagement Really Work?

Reynolds Holding

Board-shareholder engagement plays an important role in corporate governance. In the last decade, investors have increasingly influenced business decisions, and their activities have extended beyond the formal submission of shareholder resolutions for voting at annual meetings. On their part, directors and managers have kept an open channel of communication.

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The Irrelevance of Delaware Corporate Law

Harvard Corporate Governance

Posted by Robert J. Rhee (University of Florida), on Friday, September 30, 2022 Editor's Note: Robert J. Rhee is John H. and Marylou Dasburg Professor of Law at the University of Florida Levin College of Law. This post is based on his recent paper , forthcoming in the Journal of Corporation Law , and is part of the Delaware law series ; links to other posts in the series are available here.

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Elon Musk Is Said to Have Ordered Job Cuts Across Twitter

NYT M&A

The billionaire planned to begin layoffs as soon as Saturday, people with knowledge of the matter said.

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Tech at the edge: Trends reshaping the future of IT and business

Mckinsey and Company

With technological change accelerating, companies need to make four fundamental shifts.

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‘Everything in UK is on sale,’ says US private equity executive

Financial Times M&A

Ares Management’s Blair Jacobson expects US buyers to take advantage of weak British currency

Equity 142
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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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Selling A Healthcare Business? Don’t Overlook These 4 Factors

Viking Mergers

Have you decided it’s time to sell your healthcare business? Perhaps you own a medical or specialized practice, an imaging center, a rehab clinic, a medical device or pharmaceutical sales business, or a physical/occupational therapy practice. Regardless of your specialization (or your reasons for exiting), there are unique factors to consider when selling any medical practice or healthcare business.

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Beg, Sell Or Borrow

Global Finance

The first twinges of a credit crunch are hitting companies at the lower end of the corporate food chain. Beef up before the squeeze intensifies.

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ESG Reporting: Asset Managers Express Divergent View

Harvard Corporate Governance

Posted by Lindsey Stewart, Morningstar, Inc., on Monday, October 17, 2022 Editor's Note: Lindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on his Morningstar memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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How Twitter Will Change as a Private Company Under Elon Musk

NYT M&A

The social media company went public in 2013. But Elon Musk is taking it private as part of his acquisition of the firm. Here’s what that means.

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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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The Titanium Economy: An introduction

Mckinsey and Company

Meet the US industrial-technology companies that are driving innovation and sustainable and inclusive growth.

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Musk becomes media baron with Twitter deal amid Big Tech sell-off

Financial Times M&A

Wall St bankers under pressure to offer heavy discounts on debt to fund acquisition of social media platform

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Top 5 Business Industries in Richmond, VA

Viking Mergers

Whether you’re buying or selling a business, it’s worth considering what’s happening in Richmond, VA, and across the Central and Southeastern Virginia regions. Many stellar colleges and universities in the area produce an incredible talent pool. The region also offers exceptional business development incentives for nearly every industry — some of the lowest rates for workers’ compensation and unemployment insurance and a low state corporate tax rate of 6%, which hasn’t changed since 1972.

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This Investor Never Got Caught 'Swimming Naked' Due To A Little-Known Wealth-Building Strategy

Benzinga

Famed investor Warren Buffett once said, “It’s only when the tide goes out that you learn who has been swimming naked.” In other words: An investment may appear promising up to a point. If the company you invested in is too leveraged and the tide turns, everything becomes exposed. And the investment gets spoiled. Tim Melvin has never been caught swimming naked.

Finance 111
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Green Energy Depends on Critical Minerals. Who Controls the Supply Chains?

Harvard Corporate Governance

Posted by Adnan Mazarei (Peterson Institute for International Economics), on Tuesday, October 11, 2022 Editor's Note: Adnan Mazarei is a nonresident senior fellow at the Peterson Institute for International Economics. This post is based on a recent paper by Mr. Mazarei, Luc Leruth , a visiting resident scholar at the International School of Economics at Tbilisi University and associate researcher at the University of Clermont-Ferrand, Pierre Régibeau, chief competition economist in DG Competitio

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Making metaverse real – it starts now

Avanade

Despite the hype, some believe that the metaverse is a blending of physical and digital in a way that is seemingly inaccessible today. But that couldn’t be further from the truth.

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Power spike: How battery makers can respond to surging demand from EVs

Mckinsey and Company

As the auto market embraces electric vehicles, battery demand is soaring. Bold moves in gigafactory construction, supply chain strategy, and talent acquisition can help industry players get ahead.

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Twitter Trading Halted After Report Of Deal With Elon Musk

Law 360 M&A

Trading of Twitter Inc. shares was halted at midday Tuesday amid reports that tech mogul Elon Musk has reversed course and agreed to close on his original, $54.20-per-share take-private deal for the company on April 25.

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Business Advisor Highlight: Raleigh, NC

Viking Mergers

At age 14, Devak Patel began working for his father. Their family owned multiple Dairy Queen franchises, and Devak recalls the high expectations that came with working with his dad. While challenging, it also afforded him the opportunity to learn, not just from an employee perspective but also from his dad’s experience as the business owner. Devak developed an interest in business & finance, and his role in the family DQ businesses shifted to the finance & business side.

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Judge Thinks Elon Musk May Have Deleted Messages Related To Twitter, Says Trial Must Move Ahead

Benzinga

Despite news that Elon Musk again submitted a bid to acquire social media platform Twitter Inc (NYSE: TWTR ), a trial between the Tesla Inc (NASDAQ: TSLA ) CEO and the acquisition target is still on. What Happened: Judge Kathaleen McCormick sent a notice to counsel in the court case involving Musk and Twitter that the planned date of Oct. 17 would begin the highly anticipated trial.

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There Is No “C” in “ESG”: An Illustration of ESG’s Biggest Risk

Harvard Corporate Governance

Posted by Douglas K. Chia, Soundboard Governance LLC, on Friday, October 14, 2022 Editor's Note: Douglas K. Chia is Founder and President of Soundboard Governance LLC and a Fellow at the Rutgers Center for Corporate Law and Governance. This post is based on his Soundboard Governance memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) and Will Corporations Deliver Value to All Stakeholders

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Can Participants Certify Electronically That They Have a Financial Need for Which a Hardship Distribution Can Be Made?

ThomsonReuters

QUESTION: When participants request hardship distributions under our 401(k) plan, we collect and store documents showing that the participant had one of the immediate and heavy financial needs that are deemed sufficient to permit a hardship distribution. Could we instead allow participants to certify their needs electronically? We already use self-certification to establish that the requested distribution is necessary to satisfy the need.

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The fight against money laundering: Machine learning is a game changer

Mckinsey and Company

To realize the full benefits of machine learning and advanced analytics in anti–money laundering, institutions need AML experts, strong data science talent, and reliable data sources in the fight against this type of financial crime.

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Twitter trolls bombard platform after Elon Musk takeover

The Guardian M&A

Platform says 300 accounts carried out 50,000-plus tweets in ‘organised effort to make users think firm has changed content policy’ Banned British far-right figures return within hours of takeover Heaven or hellscape – what will Musk’s Twitter look like? Fears raised over disinformation and hate speech Twitter has been hit by a coordinated trolling campaign in the wake of Elon Musk’s takeover, with more than 50,000 tweets from 300 accounts bombarding the platform with hateful content.

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Top 5 Growing Business Industries in Charleston, SC

Viking Mergers

At Viking Mergers & Acquisitions, we help people all over the Southeast as they prepare to exit a business or acquire a new one. Whether you’re looking for a business or a buyer, the Charleston, South Carolina, area should be on your shortlist. The 2022 Top States for Doing Business report from Area Development ranks South Carolina. #3 overall. And for the second year in a row, South Carolina is #1 for its easy-to-navigate regulations.

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Elon Musk Reportedly Brings Tesla Engineers Into Twitter Office To Scrutinize Codes After Takeover

Benzinga

Elon Musk has reportedly asked Tesla Inc (NASDAQ: TSLA ) engineers to assess Twitter Inc 's (NYSE: TWTR ) internal codes as he begins his makeover of the microblogging firm after closing a $44 billion buyout. What Happened: Tesla engineers visited Twitter's San Francisco headquarters on Thursday and reviewed the codes to assess what the microblogging site needs, Bloomberg reported , citing people familiar with the matter.

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The Valuation Treadmill: How Securities Fraud Threatens the Integrity of Public Companies

Harvard Corporate Governance

Posted by James J. Park (UCLA) , on Monday, October 17, 2022 Editor's Note: James J. Park is a Professor of Law at UCLA. This post is based on his recent book The Valuation Treadmill: How Securities Fraud Threatens the Integrity of Public Companies. This year marks the twentieth anniversary of the passage of the Sarbanes-Oxley Act of 2002. Sarbanes-Oxley essentially requires every large public corporation to dedicate substantial resources to preventing securities fraud.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Tweet. By Warren H. Morss, GIA GG, ASA, MGA®. Being in business for over forty years, I have seen many changes in society regarding our personal and business lives. Our ability to embrace change and adapt to new concepts and technologies has defined our path through the first decade and a half of the twenty first century. It is along this path that I chose to further my professional career in the Gem & Jewelry discipline of the professional appraisal field.

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The chessboard rearranged: Rethinking the next moves in global payments

Mckinsey and Company

Shifts in the macro environment are creating opportunities and obstacles for participants across the worldwide payments ecosystem.

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A Bad Boss Bonus?

National Law Review M&A

Jennifer B.

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