Sat.Aug 10, 2024 - Fri.Aug 16, 2024

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Take Charge of Working Capital Management

Machen McChesney

Proactive working capital management is essential to successful business operations. However, on average, businesses aren’t managing their working capital as efficiently as they have in the past, according to a new study by The Hackett Group, a digital transformation and AI strategy consulting firm.

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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.

Finance 277
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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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How innovation can accelerate industry momentum

Mckinsey and Company

Sparking a new surge of growth through innovation can benefit an entire industry, but those who light the spark tend to gain the biggest rewards.

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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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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.

Finance 116
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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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More Trending

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German healthcare in the postpandemic era: Physician insights

Mckinsey and Company

A survey of doctors in Germany offers insights into how they feel their work has changed since the COVID-19 pandemic began, where their challenges lie, and what solutions could help overcome them.

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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.

Banking 105
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Do Investors Care about Biodiversity?

Harvard Corporate Governance

Posted by Zacharias Sautner (University of Zurich), on Wednesday, August 14, 2024 Editor's Note: Zacharias Sautner is a Professor of Sustainable Finance at the University of Zurich. This post is based on a recent article forthcoming in the Review of Finance by Professor Sautner, Professor Alexandre Garel , Professor Arthur Romec , and Professor Alexander F.

Finance 229
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The Google Antitrust Case Must Not End With a Slap on the Wrist

NYT M&A

A federal judge has ruled Google has a monopoly on online search and has been illegally defending that monopoly for years. But what should the remedy be?

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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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Shiny objects: Insurance productivity in an era of AI and automation

Mckinsey and Company

While AI and generative AI may enable a new age of productivity, redesigning end-to-end processes and using traditional optimization methods can lay the foundation for transformation.

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Taxation With Representation: Cleary, Kirkland, Skadden

Law 360 M&A

In this week's Taxation with Representation, Mars Inc. sets a 2024 record with its $36 billion acquisition of Kellanova, Carlyle inks a $3.8 billion purchase with Baxter International Inc., and Performance Food Group Co. agrees to a $2.1 billion cash deal with Cheney Bros. Inc.

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DOJ Launches Corporate Whistleblower Awards Pilot Program

Harvard Corporate Governance

Posted by Maria Cruz Melendez, Andrew M. Good, and Bora P. Rawcliffe, Skadden, Arps, Slate, Meagher & Flom LLP, on Tuesday, August 13, 2024 Editor's Note: Maria Cruz Melendez and Andrew M. Good are Partners and Bora P. Rawcliffe is a Counsel at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum. On August 1, 2024, the Department of Justice’s Criminal Division launched the Corporate Whistleblower Awards Pilot Program (the Program), following up on i

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Comment on AMCs Violating TILA and C&R Fee Clauses by Eric Kennedy

Appraisers Blog

In reply to Pat. IF we had any funds to hire an attorney to fight the case… I along with a state coalition specifically asked our State Board for this 5-6 years ago. They punted of course and tabled the decisions which disappeared.

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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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Prudential embraces customer centricity: An interview with Priscilla Ng

Mckinsey and Company

Prudential plc’s shift to customer-centric insurance hinges on digital transformation, with data and artificial intelligence as key enablers and humans still playing a crucial role.

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How Justices Upended The Administrative Procedure Act

Law 360 M&A

In its recent Loper Bright, Corner Post and Jakesy decisions, the U.S. Supreme Court fundamentally changed the Administrative Procedure Act in ways that undermine Congress and the executive branch, shift power to the judiciary, curtail public and business input, and create great uncertainty, say Alene Taber and Beth Hummer at Hanson Bridgett.

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Under Pressure—Rethinking Board Practices

Harvard Corporate Governance

Posted by Randi Lesnick, Andrew Levine, and Joel May, Jones Day, on Sunday, August 11, 2024 Editor's Note: Randi Lesnick and Andy Levine are Co-Chairs of Corporate Practice and Joel May is a Partner at Jones Day. This post is based on a Jones Day memorandum by Ms. Lesnick, Mr. Levine, Mr. May, and Jennifer Lewis. Today’s corporate boards are facing unprecedented challenges, an evolving and expanding risk profile—and a significantly heavier workload.

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Comment on AMCs Violating TILA and C&R Fee Clauses by Frustrated Appraiser

Appraisers Blog

In reply to Spencer Paul. No. Any necessary info is redacted prior to submitting it to the appropriate agencies and it is going to a governmntal agency-so that gives you an out as well. Nothing to be concerned about.

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From promising to productive: Real results from gen AI in services

Mckinsey and Company

Service organizations that are early generative AI adopters are finding that to capture more value, they need to get more disciplined.

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Synopsys Escapes Exclusivity Breach Suit At Chancery

Law 360 M&A

Delaware's Chancery Court on Wednesday dismissed private equity firm Sunstone Partners' lawsuit accusing Synopsys Inc. of breaching an exclusivity provision for a potential sale of its security testing services business, saying Sunstone failed to adequately allege Synopsys solicited proposals from other potential buyers.

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Islamic Finance: How Does It Make Money Without Interest?

Global Finance

The second installment of a Global Finance FAQ web series on Islamic finance. Many of the products offered by Islamic financial institutions are comparable to Western or conventional finance even though interest and speculation are forbidden. Banks are by far the biggest players in Islamic finance—some of them are exclusively Islamic while others offer sharia-compliant products but remain mostly conventional.

Finance 95
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Comment on AMCs Violating TILA and C&R Fee Clauses by Josh Tucker

Appraisers Blog

In reply to JR. Louisiana lost that case because they didn’t follow APA which a majority of appraisal boards today fail to follow and make rules without proper procedures. At that time you also had a different FTC and having spoken with Director Chopra last month this is a major issue in their radar. I am way too deep in this with information most don’t have.

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The McKinsey Crossword: Final Destination | No. 193

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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Playing Dungeons & Dragons Makes Me A Better Lawyer

Law 360 M&A

Playing Dungeons & Dragons – a tabletop role-playing game – helped pave the way for my legal career by providing me with foundational skills such as persuasion and team building, says Derrick Carman at Robins Kaplan.

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Compliant Background Checks

Machen McChesney

According to the National Association of Background Screeners, 95% of U.S. employers use background checks when hiring employees. Background checks cannot look at medical history or genetic information, but they are legal for assessing a person's work history, education, criminal record, financial history, or social media use.

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Comment on AMCs Violating TILA and C&R Fee Clauses by JR

Appraisers Blog

In reply to Baggins. This is a waste of time and anger. It has been going on for years. The C&R movement died when the State of Louisiana went after AMCs with well documented cases of below C&R fees. And instead of going after the culprit, the DOJ/FTC filed suit against the State of Louisiana. They said the state was attempting “price fixing” This is a dead issue.

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Deconstructing silos to discover savings: The end-to-end excellence playbook for retailers

Mckinsey and Company

Some of retailers’ most pernicious operational problems can be solved with an end-to-end transformation. Here’s what they need to do.

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3 Firms Drive $3.8B Carlyle-Baxter Kidney Care Deal

Law 360 M&A

Kirkland & Ellis LLP-led private equity firm Carlyle on Tuesday agreed to acquire the kidney care unit of Baxter International Inc., represented by Sullivan & Cromwell LLP and Baker McKenzie, for $3.8 billion, Baxter said in a statement Tuesday.

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Paramount Lays Off 15 Percent of U.S. Employees

NYT M&A

The company is cutting staff ahead of its merger next year with the Hollywood studio Skydance.

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Comment on AMCs Violating TILA and C&R Fee Clauses by Pat

Appraisers Blog

Might it be illegal for AMCs demanding appraisers not to include invoices? Especially in states that require fee disclosure? Could we have been blinded all this time?

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Fueling growth through moments of customer delight

Mckinsey and Company

Delight has the power to elevate customer experience, as well as amplify loyalty and growth for businesses across sectors.

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Kroger Blasts FTC's 'Head-To-Head' Competition Claims

Law 360 M&A

Kroger and Albertsons have assailed the Federal Trade Commission's challenge to their merger, telling an Oregon federal judge that there's no need to preliminarily block the deal because the agency is pushing a "never before applied" theory that reducing head-to-head competition is illegal, which the grocery stores said is undone by the law and the companies' planned divestiture of 579 stores.

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How to prove your business's goodwill value [templates]

JPAbusiness

Goodwill ­is a key component of business value, alongside factors such as working capital, and plant and equipment. Many people think of goodwill as an ‘intangible’ and therefore its value can’t be proved, but that's not necessarily the case. Goodwill value relies on being able to prove the sustainability of a business’s earnings going forward. In this blog we’re going to explain how record-keeping is a critical component of proving that sustainability, and provide some simple templates to get y

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Comment on AMCs Violating TILA and C&R Fee Clauses by Mike Ford, AGA

Appraisers Blog

The damage caused by Appraisal Management Companies violating TILA & the Customary & Reasonable fee clauses goes beyond just financial losses.