Sat.Dec 16, 2023 - Fri.Dec 22, 2023

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Evolving Notions of Board Effectiveness

Harvard Corporate Governance

Posted by Richard Alsop, Shearman & Sterling LLP, on Tuesday, December 19, 2023 Editor's Note: Richard Alsop is a Partner at Shearman & Sterling LLP. This post is based on his Shearman memorandum. BOARD EFFECTIVENESS – TRADITIONAL APPROACHES Maximizing board effectiveness has been an ongoing and somewhat elusive corporate governance objective for U.S. corporate boards, executives and stockholders.

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The impact of generative AI on Black communities

Mckinsey and Company

Generative AI has the potential to widen the racial economic gap in the United States by $43 billion each year. But deployed thoughtfully, it could actually remove barriers to Black economic mobility.

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Trending Sources

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Warner Bros. Discovery in Talks to Merge With Paramount

NYT M&A

The talks, which are said to be in the early stages, add Warner Bros. Discovery to the list of companies pursuing a possible deal with Paramount.

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The Top Internal Audit Articles of 2023

Internal Audit 360

T here’s a palpable concern for the future among internal auditors. I wouldn’t quite call it anxiety, but there’s certainly some underlying angst about how the next few years will play out for internal auditors. There’s consternation, for sure, over how things like artificial intelligence, increasing digitalization, the data of everything, climate change, political uncertainly, and geopolitical tension will impact the business world as a whole and internal auditing in par

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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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CEO Succession and The Walt Disney Company

Harvard Corporate Governance

Posted by David F. Larcker and Brian Tayan (Stanford University), on Friday, December 22, 2023 Editor's Note: David F. Larcker is the James Irvin Miller Professor of Accounting, Emeritus; and Brian Tayan is a researcher with the Corporate Governance Research Initiative at Stanford Graduate School of Business. This post is based on their recent paper.

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Five big shifts shaping a new world for corporate and investment banks

Mckinsey and Company

Macroeconomic, technological, regulatory, market structure, and product changes mean corporate and investment banks must take new approaches to tackling the opportunities and challenges ahead.

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More Trending

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Renewable energy tax credits: Geothermal, solar, biomass, wind power, and more

ThomsonReuters

Jump to: How do renewable energy tax credits work? What renewable energy tax incentives does the IRS offer for individuals vs. businesses? Overview of clean energy credits by energy type Helping clients with renewable energy credits In recent years, the U.S. and other countries around the world have placed a growing emphasis on sustainability and green energy.

Start-ups 110
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Does Paying Passive Managers to Engage Improve ESG Performance?

Harvard Corporate Governance

Posted by Marco Becht (Université libre de Bruxelles) and Kazunori Suzuki (Waseda University), on Monday, December 18, 2023 Editor's Note: Marco Becht is Professor of Finance at the Solvay Brussels School of Economics and Management (ULB), and Kazunori Suzuki is a Professor at Finance at Waseda University. This post is based on a recent paper by Mr.

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Global Economics Intelligence executive summary, November 2023

Mckinsey and Company

Elevated interest rates weigh on consumer confidence; central banks hold rates, except in Brazil (down) and Russia (up); inflation subsiding for now and is negative in China; growth subdued in Europe.

Banking 141
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Streaming Mega Merger? Warner Bros, Paramount CEOs Met On A Potential Deal Tuesday - Axios

Benzinga

David Zaslav , CEO of Warner Bros. Discovery, Inc. (NASDAQ: WBD ), and Bob Bakish , CEO of Paramount Global , met on Tuesday and spoke for several hours about a potential merger. Here's what you need to know. The Details: According to an Axios , the meeting focused on areas such as how the companies could complement one another. Warner Bros. Discovery's ability to leverage Paramount's children's programming assets and the combination of CBS News and CNN into a massive global 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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Valuations for Divorce Purposes-Avoid Getting in the Middle

BV Specialists

As certified, professional business appraisers, we engage with quite a few clients and their attorneys who are going through a marriage dissolution/divorce and need to value a business owned by one or by both parties involved. The workflow process should not be much unlike any other type of valuation; however, the potential “drama” that often occurs during divorce proceedings can sometimes bleed into the ongoing communication.

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Preparing for Year Two of Pay versus Performance Disclosures

Harvard Corporate Governance

Posted by Mike Kesner, Ed Sim, and Ben Stradley, Pay Governance, on Tuesday, December 19, 2023 Editor's Note: Mike Kesner is a Partner, Ed Sim is a Consultant, and Ben Stradley is a Managing Partner at Pay Governance. This post is based on their recent article. Related research from the Program on Corporate Governance includes Executive Compensation as an Agency Problem , Pay without Performance: The Unfulfilled Promise of Executive Compensation , and Paying for long-term performance (discussed

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New-business building: Six cybersecurity and digital beliefs that can create risk

Mckinsey and Company

In the race to build new businesses, decision makers often overlook risk management and cybersecurity. We have identified six misconceptions that executives often bring to the table.

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Cisco's Cybersecurity Coup: Plans To Buy Cloud-Native Networking And Security Startup Isovalent

Benzinga

Cisco Systems, Inc. (NASDAQ: CSCO ) on Thursday said it plans to acquire privately held Isovalent, Inc., an open source cloud native networking and security company. Together, Cisco and Isovalent will build leading-edge protection for every workload on every cloud. The acquisition of Isovalent will build on the Cisco Security Cloud vision, an AI-driven, cloud-delivered, integrated security platform for organizations of any shape and size.

Equity 106
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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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Empowering entrepreneurs: top takeaways from FounderMetrics

Vested

FounderMetrics podcast series one: the highlights. Dive into business metrics and a lot more besides with Vestd founder Ifty Nasir and special guests.

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The Carrot and the Stick: Bank Bailouts and the Disciplining Role of Board Appointments

Harvard Corporate Governance

Posted by Vincenzo Pezone (Tilburg University), on Thursday, December 21, 2023 Editor's Note: Vincenzo Pezone is an Associate Professor of Finance at Tilburg University. This post is based on a recent paper by Professor Pezone, Christian Mücke , Loriana Pelizzon , and Anjan V. Thakor. Normal 0 false false false false EN-GB X-NONE X-NONE Despite the well-publicized negative effect of bailouts on ex ante incentives, it is often practically infeasible for governments to avoid bailing out failing ba

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How airline CIOs can turn IT from a cost center to a profit center

Mckinsey and Company

Airlines could generate significant EBITDA value by rethinking the role of IT and transforming the function from a cost center to one that drives operational and commercial performance.

EBITDA 124
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SoftBank-Backed Improbable Sells Off Metaverse Gaming Arm For $97M To Keywords Studios

Benzinga

In a significant move in the gaming industry, Improbable , a British metaverse company, has divested its gaming division, The Multiplayer Group (MPG) , to the Ireland-based video game developer, Keywords Studios for $97 million. The deal was sealed on Sunday as reported by CNBC. Keywords Studios, a video gaming giant with more than 70 studios across the globe, has been on an aggressive acquisition spree.

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U.S. Steel Bought by Japanese Rival, Ending Long Takeover Saga

NYT M&A

The $14.1 billion deal comes after months of uncertainty about the future of the century-old steel maker.

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Recent Developments for Directors

Harvard Corporate Governance

Posted by Julia Thompson, Keith Halverstam, and Jenna Cooper, Latham & Watkins LLP, on Wednesday, December 20, 2023 Editor's Note: Julia Thompson , Keith Halverstam , and Jenna Cooper are Partners at Latham & Watkins LLP. This post is based on a Latham & Watkins memorandum by Ms. Thompson, Mr. Halverstam, Ms. Cooper, Charles Ruck , Ryan Maierson , and Joel Trotter.

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How digital healthcare in Turkey could improve efficiency and outcomes

Mckinsey and Company

Building on its existing digital health foundation, Türkiye could encourage growth of a thriving digital health sector, improving health system efficiency and care outcomes for millions of patients.

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Investor Sues Illumina, Ex-Execs Over Unwound Grail Deal

Law 360 M&A

An Illumina Inc. investor is piggybacking off of Carl Icahn's suit against the company, alleging in a proposed class action this week that Illumina insiders profited from the company's ill-fated acquisition of cancer test-maker Grail Inc. and then lied about it to investors.

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Comment on AVMs… Garbage In, Garbage Out by Baggins

Appraisers Blog

[link] I keep seeing Open Door losses when I’m looking at property records. If we’re able to sell, I’m calling OpenDoor for an over market value based strictly on avm’s and not appraisers. What a deal. However, now that they’re partnering with zillow, guess who’s going to have a new motivation to provide artificially lower, rather than artificially higher housing prices… Playing the residential housing like stock markets.

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Securities and Derivative Litigation: Quarterly Update

Harvard Corporate Governance

Posted by Joni Jacobsen, Stuart Steinberg, and Melanie MacKay, Dechert LLP, on Saturday, December 16, 2023 Editor's Note: Joni Jacobsen , Stuart Steinberg , and Melanie MacKay are Partners at Dechert LLP. This post is based on a Dechert memorandum by Ms. Jacobsen, Mr. Steinberg, Ms. MacKay, Vince Montoya-Armanios , and Vishan J. Patel. With just one quarter remaining in 2023, securities and derivative litigation continues to develop with new standards being articulated or clarified, particularly

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Where to play in CPG: A multi-lens approach to beat the market

Mckinsey and Company

Machine learning can help Latin American consumer packaged goods players better understand consumers, categories, competitors, and capabilities—and increase the odds of outperformance year after year.

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College NIL Fight, MLB Settlement Highlight 2023's 2nd Half

Law 360 M&A

The second half of 2023 saw yearslong issues boil over with some shocking revelations along the way, from college athletes winning class certification in a fight for the right to profit off their names, images and likenesses to MLB putting to rest its antitrust legal battle with its minor league, for now. Here, Law360 brings you up to speed on some of the most significant sports and betting moments from this year's second half.

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Why a Warner Bros.-Paramount Merger Does (and Doesn’t) Makes Sense

NYT M&A

A potential deal could bolster their streaming businesses and negotiating power with cable operators. But their crushing debt load could be a turn-off.

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Galaxy Digital Considers Buying More Assets From Distressed Or Bankrupt Companies

Benzinga

Galaxy Digital , a cryptocurrency group led by U.S. billionaire Mike Novogratz , is actively seeking to acquire more assets from bankrupt digital asset companies. This strategy follows their successful deal involving the sale of coins held by the failed crypto exchange FTX (CRYPTO: FTT ), which significantly increased their funds under management. In August, Galaxy was appointed by FTX's administrators to manage the sale, hedging, and staking of FTX's Bitcoin (CRYPTO: BTC ) and Ether (CR

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The art and science of reducing retail shrink

Mckinsey and Company

For retailers, battling shrink requires a data-informed, collaborative, store-by-store approach. The payoff: higher profits and better customer experience.

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Nippon Wins US Steel Bidding Battle With $14.9B Deal

Law 360 M&A

Milbank and Wachtell-advised U.S. Steel on Monday agreed to be sold to Japan's Nippon Steel Corp., represented by Ropes & Gray, in a $14.9 billion deal that ends a monthslong battle in which multiple suitors sought to buy U.S. Steel.

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Warner Bros Discovery and Paramount Global discuss possible $38bn mega-merger

The Guardian M&A

Global media giants’ bosses reportedly discuss tie-up to better compete with Disney+ and Netflix Warner Bros Discovery and Paramount Global are reportedly in early stage talks about a merger that could bring two of the world’s largest media firms under one roof with a combined market value of $38bn (£30bn). It is understood that Warner Bros chief executive David Zaslav discussed a potential merger – that could bring together HBO and CNN with CBS News and the hit Mission: Impossible films – while

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How Too Much Trust Can Erode Internal Controls

Gross Mendelsohn

There’s a fine line regarding trust in a workplace environment. Too little trust in employees can diminish effective communication, increase conflict and decrease loyalty. But on the flip side, too much trust could create an opportunity for a key employee to defraud your organization, no matter what internal controls you have in place. Let’s look at how trust impacts the effectiveness of internal controls and different ways you can protect your organization, including a real-life case study.

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The McKinsey Crossword: Names Names | No. 159

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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How Attorneys Can Be More Efficient This Holiday Season

Law 360 M&A

Attorneys should consider a few key tips to speed up their work during the holidays so they can join the festivities — from streamlining the document review process to creating similar folder structures, says Bennett Rawicki at Hilgers Graben.

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