Sat.Mar 09, 2024 - Fri.Mar 15, 2024

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Choice Hotels Abandons Wyndham Hostile Takeover Attempt

Law 360 M&A

After a monthslong hostile takeover attempt, Choice Hotels International Inc. on Monday announced its decision to withdraw its slate of nominees for election to Wyndham Hotels & Resorts' board of directors following the expiration of its exchange offer.

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Harnessing the overconfidence of the crowd: A theory of SPACs

Harvard Corporate Governance

Posted by Snehal Banerjee (UC San Diego) and Martin Szydlowski (University of Minnesota), on Tuesday, March 12, 2024 Editor's Note: Snehal Banerjee is an Associate Professor at the University of California, San Diego Rady School of Management, and Martin Szydlowski is an Assistant Professor at the University of Minnesota Carlson School of Management.

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Implementing generative AI with speed and safety

Mckinsey and Company

Generative AI poses both risks and opportunities. Here’s a road map to mitigate the former while moving to capture the latter from day one.

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What to Know About the TikTok Ban Legislation

NYT M&A

The House plans to vote on Wednesday on a bill that would force TikTok’s Chinese parent to sell the popular social media app.

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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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Update on AI

BVR

The issues regarding the shake up at OpenAI settled down, seemingly, as quickly as they fired up. The parent not-for-profit governing organization replaced most or all of its board of directors, but it remains to be seen what structural changes will ultimately result from shake up.

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Say on Sustainability Pay: An Underutilized Tone of Shareholder Voice

Harvard Corporate Governance

Posted by Paul Rissman, Rights CoLab, on Saturday, March 9, 2024 Editor's Note: Paul Rissman is Co-Founder of Rights CoLab. This post is based on his Rights CoLab memorandum. Related research from the Program on Corporate Governance includes The Perils and Questionable Promise of ESG-Based Compensation (discussed on the Forum here ) by Lucian A. Bebchuk and Roberto Tallarita; Paying for Long-Term Performance (discussed on the Forum here ) and Pay Without Performance: The Unfulfilled Promise of E

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More Trending

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TikTok’s Security Threats Go Beyond the Scope of House Legislation

NYT M&A

The risks have less to do with who owns the app than who writes the code and algorithms that make TikTok tick.

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Bitcoin hits new record high above $70,000; US investor ends Currys chase – business live

The Guardian M&A

Live, rolling coverage of business, economics and financial markets as exchange-traded funds help biggest cryptocurrency rally Good morning, and welcome to our live coverage of business, economics and financial markets. Bitcoin went through a deep “crypto winter” after hitting its previous heights, but after a remarkable rally it is now hitting new heights above $71,000.

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Corporate Culture In A New Era: Views From The C-suite

Harvard Corporate Governance

Posted by Jillian Grennan (UC Berkeley), on Wednesday, March 13, 2024 Editor's Note: Jillian Grennan is an Associate Adjunct Professor of Finance and Sustainability at the University of California, Berkeley Haas School of Business. This post is based on an article forthcoming in the Journal of Applied Corporate Finance by John Graham , Professor Grennan, Campbell R.

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Next-gen B2B sales: How three game changers grabbed the opportunity

Mckinsey and Company

Successful B2B companies use various tactics to get ahead in sales—here’s how three players did it.

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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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Gerald M. Levin, Time Warner Chief in a Merger Debacle, Dies at 84

NYT M&A

He was called a visionary in cable television, but his foray into the world of the internet, in a marriage with AOL, proved disastrous.

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BP and Abu Dhabi suspend talks to buy stake in Israeli gasfield

Financial Times M&A

Talks with Tel Aviv-listed NewMed paused because of ‘uncertainty created by the external environment’

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2024 U.S. Proxy Season Preview: Governance Back on Agenda While Sustainability Recedes

Harvard Corporate Governance

Posted by Subodh Mishra, Institutional Shareholder Services Inc., on Wednesday, March 13, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Jun Frank. Introduction The 2024 proxy season opened with two explosive court cases: a landmark Delaware court ruling that vacated Elon Musk’s pay and ExxonMobil’s court challenge to exclude a shareholder proposal on greenhouse gas (GHG) emissions reduction from the proxy.

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Working nine to thrive

Mckinsey and Company

Better aligning employment with modifiable drivers of health could unlock years of higher-quality life and create trillions of dollars of economic value.

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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 Capital One-Discover Deal Won’t Fix Our Broken Credit Card System

NYT M&A

The Capital One/Discover deal will do nothing to fix our broken and predatory credit-card system.

Banking 139
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Telegraph takeover: UK planning new laws to prevent foreign states owning assets

The Guardian M&A

New legislation could thwart planned £600m purchase of media group by UAE-backed consortium The UK government plans to introduce legislation that would prevent foreign governments owning UK newspapers and magazines in a move that could scupper the planned £600m sale of the Telegraph to a UAE-backed consortium. RedBird IMI – a partnership between IMI, a fund backed by the UAE’s vice-president, Sheikh Mansour bin Zayed Al Nahyan, and the US investment firm RedBird Capital Partners – is seeking to

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2023 Activism Recap

Harvard Corporate Governance

Posted by Camila Panama and Alexander Dussault, Mayer Brown LLP, on Monday, March 11, 2024 Editor's Note: Camila Panama is a Partner, and Alexander Dussault is an Associate at Mayer Brown LLP. This post is based on a Mayer Brown memorandum by Ms. Panama, Mr. Dussault, William Kucera , Martha McGarry , Andrew Noreuil , and Jodi Simala. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian A.

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What is economic inclusion?

Mckinsey and Company

Economic inclusion is when people not only have their basic subsistence needs met but also are productive, fulfilled, and fully empowered to make choices about their lives.

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China Condemns U.S. Proposal to Force the Sale of TikTok

NYT M&A

The foreign ministry accused Washington of “resorting to hegemonic moves” ahead of House vote on a bill aimed at ByteDance, TikTok’s Chinese parent company.

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Dealmaking slowdown leaves private equity with record unsold assets

Financial Times M&A

Bain & Co report reveals how rapidly the industry has grown as well as the challenges created by higher interest rates

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Chancery Addresses Fiduciary Duty Claims Arising from Reincorporation to Nevada

Harvard Corporate Governance

Posted by Amy Simmerman, Brad Sorrels, and David Berger, Wilson Sonsini Goodrich & Rosati, on Thursday, March 14, 2024 Editor's Note: Amy Simmerman , Brad Sorrels , and David Berger are Partners at Wilson Sonsini Goodrich & Rosati. This post is based on a Wilson Sonsini memorandum by Ms. Simmerman, Mr. Sorrels, Mr. Berger, Joe Slights , and Tiphanie Cascella and is part of the Delaware Law series ; links to other posts in the series are available here.

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From legacy to cloud: Lessons from the trenches

Mckinsey and Company

The journey to cloud is complex, demanding leadership, careful planning, and an agile approach to the unexpected.

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Deadspin Sells to European Media Company, Leaving Staff Behind

NYT M&A

The new owner, Lineup Publishing, will not be bringing on any of the sports website’s existing staff members.

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How M&A boutique Evercore became ‘Goldman North’

Financial Times M&A

The New York investment bank is narrowing the gap with its downtown Wall Street rival

Banking 111
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Banking and Antitrust

Harvard Corporate Governance

Posted by Saule Omarova (Cornell University and Yale University) and Graham Steele (U.S. Department of the Treasury), on Monday, March 11, 2024 Editor's Note: Saule Omarova is Beth and Marc Goldberg Professor of Law at Cornell University and Sidley Austin-Robert D. McLean Visiting Professor of Law at Yale University, and Graham Steele is the Assistant Secretary for Financial Institutions at the U.S.

Banking 129
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The cyber clock is ticking: Derisking emerging technologies in financial services

Mckinsey and Company

As financial institutions actively adopt emerging technologies, they should act now to future-proof themselves against growing cyber risks.

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The Billionaires’ Secret Plan to Solve California’s Housing Crisis

NYT M&A

A company has spent hundreds of millions of dollars buying land in the Bay Area in the hopes of building a new city.

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How the Tory establishment fought Jeff Zucker’s UAE-backed Telegraph takeover

Financial Times M&A

Rishi Sunak’s ‘hand was forced’ as PM acts to change law to stop foreign states from buying media groups

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Earnings News and Over-the-Counter Markets

Harvard Corporate Governance

Posted by Stefan J. Huber (Rice University), Chongho Kim (Seoul National University), and Edward M. Watts (Yale University), on Friday, March 15, 2024 Editor's Note: Stefan J. Huber is an Assistant Professor of Accounting at Rice University, Chongho Kim is an Assistant Professor of Accounting at Seoul National University, and Edward M. Watts is an Assistant Professor of Accounting at the Yale School of Management.

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Identifying value in family-owned businesses

Mckinsey and Company

Outperforming family-owned businesses use a combination of value-creating mindsets and actions. Private equity firms looking to engage should understand them.

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U.K. Moves to Bar Foreign State Ownership of Newspapers, a Blow to Telegraph Bid

NYT M&A

A roughly $1 billion bid from the former CNN chief Jeff Zucker and his Emirati backers raised concerns among lawmakers over a storied conservative newspaper.

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Thomson Reuters has $8bn war chest for AI-focused deals, says chief

Financial Times M&A

Media and data group will develop its own technology and scoop up targets with AI capabilities

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Corporate responses to stock price fragility

Harvard Corporate Governance

Posted by Richard Friberg (Stockholm School of Economics), Itay Goldstein (University of Pennsylvania), and Kristine Hankins (University of Kentucky), on Thursday, March 14, 2024 Editor's Note: Richard Friberg is the Jacob Wallenberg Professor of Economics at the Stockholm School of Economics, Itay Goldstein is the Joel S. Ehrenkranz Family Professor of Finance at the Wharton School of the University of Pennsylvania, and Kristine Hankins is the William E.

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Bringing innovation to a not-for-profit setting

Mckinsey and Company

American Red Cross chief innovation officer Sajit Joseph discusses the opportunity in bringing innovation, AI, and digital transformation to the work of disaster response and blood banking.

Banking 134