Harvard Corporate Governance

OCTOBER 4, 2023

Posted by Alexander I. Platt (University of Kansas School of Law), on Wednesday, October 4, 2023 Editor's Note: Alexander I. Platt is Associate Professor at the University of Kansas School of Law. This post is based on his recent paper , forthcoming in The Journal of Corporation Law. Related research from the Program on Corporate Governance includes The Law and Economics of Equity Swap Disclosure (discussed on the Forum here ) by Lucian Bebchuk; and Pre-Disclosure Accumulations by Activist In

Equity 202

Equity 202

IVSC

OCTOBER 6, 2023

The IVAS-IVSC Business Valuation Conference 2023, held under the theme “ The Future of Business Valuation: Embracing Shifts and Innovation ,” was a resounding success. This two-day event brought together key VIPs and valuation experts to discuss the evolving landscape of business valuation. Programme Highlights Day 1: October 3, 2023 The first day of the conference featured a diverse programme: Welcome Remarks by IVAS and IVSC: Mr Lie Kok Keong and Mrs Lim Hwee Hua extended warm welc

Business Valuation 130

Business Valuation Intangible Assets Treasury Banking 130

Mckinsey and Company

OCTOBER 5, 2023

Consumer optimism in the United States remained steady over the summer, while consumer spending saw a modest uptick across most categories. Here’s the latest research from our ConsumerWise team.

129

129

NYT M&A

OCTOBER 5, 2023

The agency said Mr. Musk was subpoenaed to testify last month about his purchases of Twitter’s stock last year, but he failed to appear.

Mergers & Acquisitions 145

Mergers & Acquisitions Marketability 145

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.

Marketability

Harvard Corporate Governance

SEPTEMBER 30, 2023

Posted by Martin Lipton, John Savarese, and Sarah K. Eddy, Wachtell Lipton Rosen & Katz, on Saturday, September 30, 2023 Editor's Note: Martin Lipton is a founding partner of Wachtell, Lipton, Rosen & Katz, specializing in mergers and acquisitions and matters affecting corporate policy and strategy. John F. Savarese and Sarah K. Eddy are Partners in the Litigation Department at Wachtell, Lipton, Rosen & Katz.

261

261

ThomsonReuters

OCTOBER 4, 2023

Jump to: How many accounting firms use AI? How do the Big 4 use artificial intelligence? How do smaller accounting firms use AI? How does AI impact workflow? In today’s fast-paced business world, ignoring technology is not an option, and the field of accounting is no exception. Artificial Intelligence (AI) has become a game-changer, helping accounting firms streamline processes, improve accuracy, and deliver more value to their clients.

Accounting Firms 111

Accounting Firms Technology Compliance Data Analysis 111

Musings on Markets

OCTOBER 6, 2023

A few days ago, I valued Instacart ahead of its initial public offering , and noted that the reception that the stock gets will be a good barometer of where risk capital stands in the market, right now. After a buzzy open, when the stock jumped from its offering price of $30 a share to $42, the stock has quickly given up those gains and now trades at below to its offer price.

Intangible Assets 106

Intangible Assets Book Value Equity Start-ups 106

Harvard Corporate Governance

OCTOBER 1, 2023

Posted by David A. Bell, Ron C. Llewellyn and Emily Sacks-Wilner, Fenwick & West LLP, on Sunday, October 1, 2023 Editor's Note: David A. Bell is a Partner, and Ron C. Llewellyn and Emily Sacks-Wilner are Counsels at Fenwick & West LLP. This post is based on their Fenwick memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

Compliance 233

Compliance 233

Brian DeChesare

OCTOBER 4, 2023

Whenever I watch a new movie or TV show, I always try to go in optimistic – even if I have doubts about the premise, writing, or production values. Unfortunately, my initial instincts are often correct: If I have a bad feeling about something, it usually has issues. And that is exactly what happened when I watched Dumb Money , the movie about the GameStop short squeeze in 2021 , the other day.

Finance 105

Finance Start-ups Banking Marketability 105

Mckinsey and Company

OCTOBER 4, 2023

The sustainable-fuel market is nascent, complex, and growing fast. Traders that develop an in-depth understanding across different fuels, feedstocks, and regions can gain a competitive advantage.

Marketability 132

Marketability 132

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

Corporate Finance

Musings on Markets

OCTOBER 4, 2023

As we enter the last quarter of 2023, it has been a roller coaster of a year. We started the year with significant uncertainty about whether the surge in inflation seen in 2022 would persist as well as about whether the economy was headed into a recession. In the first half of the year, we had positive surprises on both fronts, as inflation dropped after than expected and the economy stayed resilient, allowing for a comeback on stocks, which I wrote about in a post in July 2023.

Marketability 106

Marketability Start-ups Risk Premium Treasury 106

Harvard Corporate Governance

OCTOBER 3, 2023

Posted by Matteo Gatti (Rutgers), on Tuesday, October 3, 2023 Editor's Note: Matteo Gatti is a Professor of Law at Rutgers Law School. This post is based on his working paper. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ); by Lucian A. Bebchuk, Kobi Kastiel, and Roberto Tallarita; and Will Corporations Deliver Value to All Stakeholders?

232

232

N Contracts

OCTOBER 4, 2023

The Justice Department (DOJ) continues to fulfill Attorney General Merrick Garland's 2021 promise that his department would “spare no resources” in upholding fair lending laws – this time with a $9 million redlining settlement with a $7 billion-asset Rhode Island bank.

Banking 105

Banking Compliance 105

Mckinsey and Company

OCTOBER 2, 2023

As Saudi Arabia sets out on one of the world’s most ambitious phases of capital expenditure, tried and tested opportunities can help the country unlock construction project success.

117

117

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.

Marketability

NYT M&A

OCTOBER 4, 2023

Apollo was the first to use annuities to build a major financing business. Others followed, driving the growth of the private lending market and worrying regulators.

Marketability 114

Marketability Finance Mergers & Acquisitions Banking 114

Harvard Corporate Governance

OCTOBER 2, 2023

Posted by Yan Xiong (The Hong Kong University of Science and Technology), Liyan Yang (University of Toronto), on Monday, October 2, 2023 Editor's Note: Yan Xiong is an Assistant Professor of Finance at The Hong Kong University of Science and Technology, and Liyan Yang is a Professor of Finance at the Rotman School of Management, University of Toronto.

Marketability 220

Marketability Finance Technology 220

Machen McChesney

OCTOBER 4, 2023

If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. For example, the tax law doesn’t explicitly state that you can deduct office supplies and certain other expenses. Some expenses are detailed in the tax code, but the general rule is contained in the first sentence of Section 162, which states you can write off “all the ordinary and necessary expenses paid or incurred during the taxable ye

100

100

Mckinsey and Company

OCTOBER 3, 2023

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.

121

121

Benzinga

OCTOBER 6, 2023

Exxon Mobil Corp (NYSE: XOM ) shares are trading lower Friday after reports surfaced that it is nearing the completion of a $60 billion acquisition. The move sent shares of the target company, Pioneer Natural Resources Co (NYSE: PXD ), nearly 10% higher. Exxon Mobil aims to further solidify its foothold in the U.S. oil sector, especially the lucrative Permian shale basin.

Marketability 98

Marketability 98

Harvard Corporate Governance

OCTOBER 5, 2023

Posted by Jean-Marie Meier (University of Pennsylvania), on Thursday, October 5, 2023 Editor's Note: Jean-Marie Meier is a Visiting Assistant Professor of Finance at The Wharton School, University of Pennsylvania, and Assistant Professor of Finance at the University of Texas at Dallas – Naveen Jindal School of Management. This post is based on a working paper by Professor Meier, Henri Servaes , Jiaying Wei , and Steven Chong Xiao.

Finance 212

Finance Firm Value 212

Appraisers Blog

OCTOBER 2, 2023

In reply to Jim Glickman, MAI. And then, what’s your advice for the hundreds of millions of American citizens whom still will need to navigate the mortgage lending systems? Stop crying in their beer as they get fleeced by the hucksters once more? When merely saving ones self does not solve the actual problem. Take a government job on purpose? Go into government buildings voluntarily?

Appraisal 98

Appraisal 98

Mckinsey and Company

OCTOBER 5, 2023

More fast public chargers are needed to support the growth of EVs—but generating a profit at a public charging station remains challenging.

124

124

Benzinga

OCTOBER 4, 2023

VSE Corporation (NASDAQ: VSEC ) has entered into an asset purchase and perpetual license agreement with Honeywell International Inc (NASDAQ: HON ). VSE acquired the perpetual license and asset for $105 million. The purchase price also included $12 million of existing inventory. Under the agreement, VSE will exclusively manufacture and support certain of Honeywell's fuel control systems on four key engine platforms through its VSE Aviation business.

Equity 98

Equity Marketability 98

Harvard Corporate Governance

OCTOBER 2, 2023

Posted by Edna Twumwaa Frimpong, Diligent Market Intelligence, on Monday, October 2, 2023 Editor's Note: Edna Twumwaa Frimpong is the Head of International Research at Diligent Institute. This post is based on her Diligent memorandum. Related research from the Program on Corporate Governance includes The Myth of the Shareholder Franchise (discussed on the Forum here ) by Lucian A.

Marketability 193

Marketability 193

LaPorte

OCTOBER 2, 2023

(authored by RSM US LLP) Final regulations expand IRS e-filing requirements issued with most changes effective for returns due to be filed in 2024. Filers of more than 10 returns or forms required to e-file in most cases. The post IRS expands e-filing with new penalties for more paper forms first appeared on LaPorte.

98

98

Mckinsey and Company

OCTOBER 6, 2023

Tokenization is the process of issuing a digital representation of an asset on a blockchain.

143

143

Law 360 M&A

OCTOBER 1, 2023

The attorneys chosen as Law360's 2023 MVPs have distinguished themselves from their peers by securing hard-earned successes in high-stakes litigation, complex global matters and record-breaking deals.

98

98

Harvard Corporate Governance

OCTOBER 6, 2023

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, October 6, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of September 29-October 5, 2023 Startup Failure Posted by Elizabeth Pollman (University of Pennsylvania), on Friday, September 29, 2023 Tags: Bankruptcy , Exit , M&A , Startups Risk Management and the Board of Directors Posted by Martin Lipton, John Savarese, and Sarah K.

Equity 189

Equity Marketability Technology 189

Appraisers Blog

SEPTEMBER 30, 2023

Deja Vu All over Again… Although blogs and social media weren’t around back in the late 2000’s after the 2008 crash, and the reasons for the lack of work are different, what I am hearing and feeling about our profession is not that much different. Relying on lender work and assignments tied to the purchase and sale of real property is cyclical and the level of appraisal work is too low to make a living.

Appraisal 98

Appraisal Marketability 98

Redpath

OCTOBER 2, 2023

Saint Paul, Minnesota (October 2, 2023) - Certified public accounting firm Redpath and Company, LLC has promoted Ryan Everhart to managing partner, Emmett Mulcahy to partner, Tony Oster to partner, Megan Hesselberg to director, and Lucas Warth to director effective October 1, 2023.

Accounting Firms 98

Accounting Firms 98

Mckinsey and Company

OCTOBER 5, 2023

Efficient marketing is not just “nice to have” when times are good. Companies need it all the time to bounce back more quickly from downturns and achieve long-term growth objectives. Here’s why.

Marketability 100

Marketability 100

Harvard Corporate Governance

OCTOBER 4, 2023

Posted by Lindsey Stewart, Morningstar, Inc, on Wednesday, October 4, 2023 Editor's Note: Lindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on his Morningstar memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

Marketability 146

Marketability 146

NYT M&A

OCTOBER 6, 2023

Exxon Mobil is reportedly in talks to buy Pioneer Natural Resources, a major shale driller, in what would be the biggest takeover of the year.

Mergers & Acquisitions 114

Mergers & Acquisitions 114

Appraisers Blog

OCTOBER 2, 2023

In reply to Term Limits. Great take on the matter. You may be the first individual to illustrate what should be a commonly held opinion, these people are supposed to be public servants.

Appraisal 94

Appraisal 94