Sat.Mar 02, 2024 - Fri.Mar 08, 2024

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Creditors, Shareholders, and Losers In Between: A Failed Regulatory Experiment

Harvard Corporate Governance

Posted by Albert H. Choi and Jeffery Y. Zhang, University of Michigan, on Tuesday, March 5, 2024 Editor's Note: Albert H. Choi is the Paul G. Kauper Professor of Law, and Jeffery Y. Zhang is an Assistant Professor of Law at the University of Michigan Law School. This post is based on their paper. In March 2023, a financial panic that began with runs on Silicon Valley Bank in California led to three of the four largest bank failures in US history.

Banking 176
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Latinos in Hollywood: Amplifying voices, expanding horizons

Mckinsey and Company

Improving on- and off-screen representation of Latinos, their stories, and their culture could generate billions of dollars in new revenue for the industry, according to new McKinsey research.

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Former Twitter Executives Sue Elon Musk for $128 Million

NYT M&A

The plaintiffs, including Parag Agrawal, the former chief executive, are asking for severance after they lost their jobs during Mr. Musk’s 2022 takeover of the company.

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Gold’s record ascent still leaves miners digging for deals

Financial Times M&A

Cheap targets abound, with some juniors reaching point where investment needs of projects look overwhelming

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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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Time to rethink talent in the boardroom

Harvard Corporate Governance

Posted by Jo Iwasaki, Karen Edelman, and Yasmine Chahed, Deloitte Touche Tohmatsu Limited, on Tuesday, March 5, 2024 Editor's Note: Jo Iwasaki is Corporate Governance Advisory Lead, Karen Edelman is Senior Editor, and Yasmine Chahed is an Independent Research Consultant at Deloitte Touche Tohmatsu Limited. This post is based on a Deloitte memorandum by Ms.

Equity 236
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Generative AI fuels creative physical product design but is no magic wand

Mckinsey and Company

Generative AI tools can shorten physical product design life cycles significantly and spark innovation, but the knowledge and discretion of design experts are necessary to mitigate potential pitfalls.

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More Trending

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ExxonMobil seeks arbitration over Guyana oil find in Chevron’s sights

Financial Times M&A

Top US supermajor says it wants to protect rights to 30% Hess stake in valuable offshore field

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Retail Investors and Corporate Governance: Evidence from Zero-Commission Trading

Harvard Corporate Governance

Posted by Dhruv Aggarwal (Northwestern University), Albert H. Choi (University of Michigan), and Yoon-Ho Alex Lee (Northwestern University), on Friday, March 8, 2024 Editor's Note: Dhruv Aggarwal is an Assistant Professor of Law at Northwestern Pritzker School of Law, Albert H. Choi is the Paul G. Kauper Professor of Law at the University of Michigan, and Yoon-Ho Alex Lee is Professor of Law and Director of the Center on Law, Business, and Economics at Northwestern Pritzker School of Law.

Finance 154
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Generative AI and the future of New York

Mckinsey and Company

The Generative AI revolution will disrupt America’s biggest labor market, but its impact may not be what you expect.

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JetBlue and Spirit Call Off Their Merger

NYT M&A

JetBlue said it would pay Spirit $69 million to terminate the $3.8 billion deal, which had been blocked by federal antitrust regulators.

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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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JPMorgan pursued Discover deal before Capital One’s $35bn offer

Financial Times M&A

Talks show largest US lender’s appetite for a payments network to support its credit card business

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Global Corporate Governance Trends for 2024

Harvard Corporate Governance

Posted by Rich Fields, Rusty O’Kelley, and Melissa Martin, Russell Reynolds Associates, on Wednesday, March 6, 2024 Editor's Note: Rich Fields leads the Board Effectiveness Practice, Rusty O’Kelley co-leads the Board and CEO Advisory Practice in the Americas, and Melissa Martin is a member of the Board Effectiveness Practice at Russell Reynolds Associates.

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The rising complexity of board directorship

Mckinsey and Company

Board experts explain how directors can meet the demands of growing agendas.

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University of Idaho Needs More Students. Should It Buy an Online School?

NYT M&A

Ahead of an expected drop in enrollment, the institution is looking to buy the University of Phoenix, a for-profit school with a checkered past. Is it worth $550 million?

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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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UBS chief Sergio Ermotti hits out at Europe’s ‘parochial’ view of banks

Financial Times M&A

Regulations stopping lenders growing allows US rivals to dominate, says CEO overseeing Credit Suisse takeover

Banking 107
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SEC set to adopt climate disclosure rules on March 6

Harvard Corporate Governance

Posted by Michael Littenburg and Marc Rotter, Ropes & Gray LLP, on Saturday, March 2, 2024 Editor's Note: Michael Littenburg is Partner and Global Chair of the ESG, CSR and Business and Human Rights Practice, and Marc Rotter is Counsel in the Capital Markets Practice at Ropes & Gray LLP. This post is based on their Ropes & Gray memorandum.

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The power of pace in technology

Mckinsey and Company

The CEO of Hivemind Technologies explains what steps matter in speeding software development for transformations.

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Spotlight on Auditor Independence

Machen McChesney

Auditor independence is the cornerstone of the accounting profession. Auditors’ commitment to follow the standards set forth by the American Institute of Certified Public Accountants (AICPA), the Securities and Exchange Commission (SEC), and the International Auditing and Assurance Standards Board (IAASB) ensures stakeholders can trust that audited financial statements present an accurate picture of the performance and condition of companies.

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Nationwide agrees to buy Virgin Money for £2.9bn

Financial Times M&A

Proposed deal would create group with total assets of £366bn

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Statement by Chair Gensler on Final Rules Regarding Mandatory Climate Risk Disclosures

Harvard Corporate Governance

Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Thursday, March 7, 2024 Editor's Note: Gary Gensler is Chair of the U.S. Securities and Exchange Commission. This post is based on his recent statement. The views expressed in this post are those of Chair Gensler, and do not necessarily reflect those of the Securities and Exchange Commission or its staff.

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Author Talks: Chris Dixon on how to reshape the digital landscape

Mckinsey and Company

Tired of running into paywalls, walled-off spaces and the broken promise of an open internet? Hunch cofounder Chris Dixon shares why a return to the decentralized internet is key to protecting businesses and consumers.

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March 2024 Regulatory Brief: Junk Fees, BSA, and CRA

N Contracts

Ncontracts’ regulatory compliance experts brief community banks, credit unions, mortgage lenders and others on junk fees, BSA, CRA and other hot topics

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Why It's Important to Get Your Company's Financials Done on Time

Machen McChesney

Have you completed your company’s year-end financial statements yet? Most calendar-year entities issue their year-end financials by March of the following year. Lenders and investors may think the worst if a company’s financial reports aren’t submitted in a timely manner. Here are three assumptions your stakeholders could make when your financial statements are late.

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Looking ahead: The audit committee agenda in 2024

Harvard Corporate Governance

Posted by Maureen Bujno, Bob Lamm, and Krista Parsons, Deloitte Touche Tohmatsu Limited, on Sunday, March 3, 2024 Editor's Note: Maureen Bujno is a Managing Director, Bob Lamm is an Independent Senior Advisor, and Krista Parsons is an Audit & Assurance Managing Director and Audit Committee Program Leader at Deloitte Touche Tohmatsu Limited. This post is based on a Deloitte memorandum by Ms.

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The Philippine economy in 2024: Stronger for longer?

Mckinsey and Company

The Philippine economy was more resilient than expected in 2023—current projections indicate that it could again achieve healthy growth in 2024.

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Mastering Permission Management: How to Secure Banking Documents

N Contracts

It seems so simple. Give employees access to the documents they need to do their jobs. But ask any IT manager, and they will tell you permission management is much more complicated than it appears.

Banking 105
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Tax-Wise Ways to Take Cash From Your Corporation While Avoiding Dividend Treatment

Machen McChesney

If you want to withdraw cash from your closely held corporation at a low tax cost, the easiest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax efficient since it’s taxable to you to the extent of your corporation’s “earnings and profits,” but it’s not deductible by the corporation.

Dividends 105
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2023 Delaware Corporate Law and Litigation Year in Review

Harvard Corporate Governance

Posted by Amy Simmerman, Ryan Hart, and Angie Flaherty, Wilson Sonsini Goodrich & Rosati, on Wednesday, March 6, 2024 Editor's Note: Amy Simmerman is a Partner, Ryan Hart is an Associate, and Angie Flaherty is a Senior Counsel at Wilson Sonsini Goodrich & Rosati. This post is based on a WSGR memorandum by Ms. Simmerman, Mr. Hart, Ms. Flaherty, and Sarah Hand and is part of the Delaware law series ; links to other posts in the series are available here.

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The journey toward AI-enabled railway companies

Mckinsey and Company

Railway companies could use opportunities created by rapidly evolving artificial intelligence technologies as a catalyst to improve the way they plan and deliver operations.

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Nationwide to buy Virgin Money in £2.9bn deal

The Guardian M&A

Lenders reach preliminary agreement on key terms in deal to create new competitor with £366bn in assets Nationwide Building Society has agreed to buy Virgin Money in a deal that values its high street rival at nearly £3bn and would create the second-largest provider of mortgages and savings in the UK. The two lenders have reached a preliminary agreement on the key terms of a deal, which would create a new competitor with £366bn in total assets, according to a joint statement released on Thursday

Banking 102
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The Benefits of a Grantor-Retained Income Trust

Redpath

Several types of trusts can help you manage your assets in a way that supports your estate planning goals while providing potentially significant tax advantages. One of them is a GRIT–grantor retained income trust. Is this an option you should consider? As with all asset management strategies, there are pros and cons depending on your specific situation and estate distribution preferences.

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Statement by Commissioner Crenshaw on Final Rules Regarding Mandatory Climate Risk Disclosures

Harvard Corporate Governance

Posted by Caroline A. Crenshaw, U.S. Securities and Exchange Commission, on Thursday, March 7, 2024 Editor's Note: Caroline A. Crenshaw is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on her recent statement. The views expressed in this post are those of Commissioner Crenshaw, and do not necessarily reflect those of the Securities and Exchange Commission or its staff.

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Leading through uncertainty: An interview with Neeti Bhalla Johnson

Mckinsey and Company

A future expected to be volatile means that leaders need to prepare their organizations to expect the unexpected, the Liberty Mutual Insurance executive says.

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Founder Of France's Believe Touts 1st Bid Over Rival Offer

Law 360 M&A

A consortium of investors looking to take over French digital music company Believe SA on Friday acknowledged a competing offer lobbed by entertainment conglomerate Warner Music Group while reiterating that it believes its own bid is "best positioned" to help the music company thrive.

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