Sat.Jun 15, 2024 - Fri.Jun 21, 2024

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Shareholders are Not An Antitrust Problem

Harvard Corporate Governance

Posted by Nell Minow, ValueEdge Advisors, on Thursday, June 20, 2024 Editor's Note: Nell Minow is Vice Chair of ValueEdge Advisors. Not to suggest that they are making up their mind before hearing the evidence, but the House Subcommittee on the Administrative State, Regulatory Reform, and Antitrust may be suggesting their conclusion by titling the June 12 hearing “Climate Control: Decarbonization Collusion in Environmental, Social, and Governance (ESG) Investing.

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From ripples to waves: The transformational power of tokenizing assets

Mckinsey and Company

Tokenized financial assets are moving from pilot to at-scale deployment. Adoption is not yet widespread, but financial institutions with blockchain capabilities in place will have a strategic advantage.

Banking 145
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Trending Sources

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American Express Buys Tock to Pursue Customers Shelling Out on Dining

NYT M&A

The credit card company acquired Tock, a restaurant reservation company, after buying its rival, Resy, in 2019.

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Nvidia To Acquire Shoreline.Io For $100M As Jensen Huang-Led AI Stalwart Aims To Cut Revenue Reliance On Microsoft, Amazon And More: Report

Benzinga

Nvidia Corp. (NASDAQ: NVDA ) has reportedly agreed to acquire Shoreline.io , a software startup, for an estimated $100 million. What Happened : The acquisition deal was recently finalized, according to sources familiar with the matter, as reported by Bloomberg on Tuesday. The sources, who chose to remain anonymous, disclosed that the deal values Shoreline at approximately $100 million.

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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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Reality Catches Up with the Anti-Shareholder Narrative

Harvard Corporate Governance

Posted by Luke Morgan, As You Sow, on Sunday, June 16, 2024 Editor's Note: Luke Morgan is a Staff Attorney at As You Sow. The political and corporate interests seeking to restrict shareholder rights are carefully cultivating a narrative that the shareholder proposal process is out of control, “hijacked” by “activist” proponents abusing the system to advance unpopular proposals at the expense of “real” investors.

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Decarbonizing logistics: Charting the path ahead

Mckinsey and Company

Companies need to reduce their logistics emissions to meet decarbonization targets, but a new McKinsey survey finds that few companies have clear plans to do so. What is the best path forward?

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More Trending

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DBS Equity Capital Markets Head Art Karoonyavanich On A Decade Of Growth

Global Finance

A 10-year veteran at DBS Bank, Karoonyavanich recently expanded his role to cover all Equity Capital Markets business for the bank globally when the firm merged its equities, fixed income and brokerage businesses to form a new Investment Banking unit. The Investment Banking unit, which sits within DBS’ newly formed Global Financial Markets group, has already marked a stellar year, further solidifying the bank’s capital markets presence in key regions like Singapore, mainland China, Hong Kong, In

Equity 111
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National Public Opinion Survey Finds Voters Skeptical About Congressional “Anti-ESG” Policies

Harvard Corporate Governance

Posted by Jon Golinger, Public Citizen, on Thursday, June 20, 2024 Editor's Note: Jon Golinger is the Democracy Advocate with Public Citizen in Washington, D.C. This post is based on the results of a public opinion poll commissioned by Public Citizen and conducted by Lake Research Partners in November 2023. Last summer, leaders of the U.S. House of Representatives declared July 2023 to be “ ESG month.

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Netherlands advanced: Building a future labor market that works

Mckinsey and Company

The Netherlands has high ambitions for living standards, housing, healthcare, education, and the environment, requiring higher productivity growth through technology and a “train of job transitions.

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Everton enters exclusive sale talks with billionaire Friedkin family

Financial Times M&A

Texas-based owner of AS Roma starts due diligence after collapse of 777 Partners deal

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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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Octopus Energy to repay £3bn of state support used to take over Bulb

The Guardian M&A

The reimbursement, part of the terms of the takeover, means the 2021 bailout cost the public almost nothing Business live – latest updates Octopus Energy is poised to repay the UK government almost £3bn to cover the state support it received to take over the collapsed energy supplier Bulb. Octopus will reimburse the government by September in a move that will enable the Treasury to effectively claw back almost all the costs of temporarily nationalising Bulb.

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The Expansion of ESG Beyond Proxy Voting

Harvard Corporate Governance

Posted by Dimitri Zagoroff, Glass, Lewis & Co., on Tuesday, June 18, 2024 Editor's Note: Dimitri Zagoroff is Senior Editor at Glass, Lewis & Co. This post is based on a Glass Lewis memorandum by Mr. Zagoroff, Courteney Keatinge, and Eric Shostal. In the complex world of proxy voting, a little background context goes a long way. The Wall Street Journal’s Editorial Board recently cited a one-year decline in voting support for ESG-related shareholder proposals as evidence that asset mana

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A radical approach to cost reduction at climate tech companies

Mckinsey and Company

The single most effective way for companies to scale climate technology is to aim for cost parity with carbon-intensive alternatives.

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NatWest to buy most of Sainsbury’s Bank

Financial Times M&A

Deal includes £2.5bn of assets including unsecured loans and credit card deposits and £2.

Banking 111
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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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How to Start a Venture Capital Firm – and Why You Probably Shouldn’t

Brian DeChesare

I noticed the other day that we had articles about how to start a private equity firm and how to start a hedge fund but nothing on venture capital. But just like superhero movies, career advice works best when it’s a trilogy – so we’ll complete this trilogy with how to start a venture capital firm. Starting a venture capital firm is less of a bad idea than starting a PE firm or hedge fund, but it’s still not a great idea for most people.

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Early Season Review: 2024 US AGM

Harvard Corporate Governance

Posted by Kilian Moote and Amanda Buthe, Georgeson LLC, on Sunday, June 16, 2024 Editor's Note: Kilian Moote is a Managing Director and Amanda Buthe is a Director at Georgeson LLC. Early results from the 2024 annual general meeting (AGM) season suggest that the major trends, of record-breaking shareholder proposal submissions, declining support for anti-ESG, environmental and social proposals, as well as strong support for say on pay and director elections; all of which emerged during the past f

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Six imperatives for credit unions to secure their future

Mckinsey and Company

Credit union members are aging, and young people tend to see these institutions less favorably than their elders do. Here are six strategies for bringing in younger members to weather the years ahead.

Banking 131
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Elliott and Carlyle square off in $4bn debt dispute over software company

Financial Times M&A

Clash over tech group Veritas portends future stand-offs between private equity and distressed debt investors

Equity 111
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Hyundai India’s IPO Filing Highlights Confidence In Surging India Markets

Global Finance

Hyundai’s IPO could top Life Insurance Corp.’s 2022 offering that raised a record $2.7 billion. The Hyundai India IPO that was announced earlier this year has become a bellwether for the health of Indian stock markets and particularly its IPO market, now that the South Korean carmaker has reportedly filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) on June 15.

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Vice Capital

Harvard Corporate Governance

Posted by Andrew Jennings (Emory University) and Kimberly D. Krawiec (University of Virginia), on Friday, June 21, 2024 Editor's Note: Andrew Jennings is an Associate Professor of Law at Emory University School of Law and Kimberly D. Krawiec is the Charles O. Gregory Professor of Law and Sullivan and Cromwell Professor of Law at the University of Virginia School of Law.

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Advanced semiconductors for the era of centralized E/E architectures

Mckinsey and Company

Next-gen automotive E/E architectures require sophisticated centralized compute units to cope with increasing feature needs. Fusion chips and chiplet-based designs are potential enablers.

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A buyout gone wrong creates fireworks in the private credit market

Financial Times M&A

Lenders are considering their options at Pluralsight, a distressed company owned by private equity firm Vista Equity Partners

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Monetizing Financial Data with AI: Risks and Opportunities

N Contracts

Your financial institution is sitting on a goldmine of data, and you’re wondering how to monetize it using artificial intelligence (AI). You’re not the only one.

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Activists step up proxy fights to ignite deal talks

Harvard Corporate Governance

Posted by Antoinette Giblin, Diligent Market Intelligence, on Tuesday, June 18, 2024 Editor's Note: Antoinette Giblin is Editorial Manager at Diligent Market Intelligence (DMI). This post is based on her Diligent memorandum. With optimism around a possible uptick in M&A, a small subset of investors relying on this thesis are adding to the pressure on their targets by advancing board slates at the same time as demanding a sale of the company.

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Author Talks: Ruchir Sharma on the pitfalls and promise of the capitalist system

Mckinsey and Company

“Money makes the world go round,” but Rockefeller International chairman Ruchir Sharma argues that capitalism really isn’t achieving its full potential. If financial bailouts aren’t the answer, what is?

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Buyout firm Carlyle to build Mediterranean oil and gas group

Financial Times M&A

Ex-BP boss Tony Hayward will run group after buyout firm acquires assets in Italy, Egypt and Croatia from Energean

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Penn Entertainment Shares Soar On Buyout Report: What Investors Should Know

Benzinga

Shares of PENN Entertainment (NASDAQ: PENN ) traded higher on Thursday with a report linking the company to an acquisition that could change the casino sector. What Happened: Penn Entertainment has been approached by Boyd Gaming (NYSE: BYD ) according to a new report from Reuters. The report comes as Penn shares are down 23% year-to-date in 2024 and the company has struggled to grow with its new ESPN Bet online sports betting platform.

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Developments With Universal Proxy Cards and Advance-Notice Bylaws

Harvard Corporate Governance

Posted by Doug Schnell, Sebastian Alsheimer and Daniyal Iqbal, Wilson Sonsini Goodrich & Rosati, on Monday, June 17, 2024 Editor's Note: Doug Schnell and Sebastian Alsheimer are Partners, and Daniyal Iqbal is an Associate at Wilson Sonsini Goodrich & Rosati. This post is based on a WSGR memorandum by Mr. Schnell, Mr. Alsheimer, Mr. Iqbal, and David Berger , Amy Simmerman and Lucas Wherry and is part of the Delaware law series ; links to other posts in the series are available here

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The ‘inside out’ leadership journey: How personal growth creates the path to success

Mckinsey and Company

In a new book, four McKinsey senior partners show why leaders must connect with themselves first before they can inspire and empower their organizations.

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Private equity roll-ups bet energy transition will go slow

Financial Times M&A

Carlyle rushes in where others fear to tread

Equity 110
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Comment on Appraisal Fees & Value: Lessons from Picasso & Steinmetz by Retired Appraiser

Appraisers Blog

In reply to Charles Haley. Unfortunately the process has become so complex the form fillers are doing well if they manage to walk away with minimum wage. I applaud those form fillers for providing minimum research for MINIMUM PAY!

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Covid-19 Motivated Changes to Executive Compensation

Harvard Corporate Governance

Posted by Mary Ellen Carter (Boston College), Luann J. Lynch (University of Virginia), Xiaoxia Peng (University of Utah), on Thursday, June 20, 2024 Editor's Note: Mary Ellen Carter is the Joseph L. Sweeney Chair and Professor of Accounting at Boston College, Carroll School of Management; Luann J. Lynch is the Almand R. Coleman Professor of Business Administration at the University of Virginia, Darden School of Business; and Xiaoxia Peng is an Associate Professor of Accounting at the University

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Glassblowing Makes Me A Better Lawyer

Law 360 M&A

I never expected that glassblowing would strongly influence my work as an attorney, but it has taught me the importance of building a solid foundation for your work, learning from others and committing to a lifetime of practice, says Margaret House at Kalijarvi Chuzi.

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Airbus and Boeing near deal on carving up aerospace supplier Spirit AeroSystems

Financial Times M&A

Announcement on complex agreement between the 3 companies could come as early as next week

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