Sat.May 13, 2023 - Fri.May 19, 2023

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The Meme Stock Frenzy: Origins and Implications

Harvard Corporate Governance

Posted by Dhruv Aggarwal (Yale University), Albert H. Choi (University of Michigan), Alex Lee (Northwestern University), on Tuesday, May 16, 2023 Editor's Note: Dhruv Aggarwal is a Ph.D. Candidate at Yale University, Albert H. Choi is Paul G. Kauper Professor of Law at the University of Michigan, and Alex Lee is Professor of Law at Northwestern Pritzker School of Law.

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Exit Through the Virtual Door: Tips for Selling Your E-commerce Business

Viking Mergers

As an e-commerce business owner, you have likely noticed things run differently than in a traditional, brick-and-mortar organization. Lower overhead costs often mean increased profits, which the e-commerce sector has demonstrated with its substantial growth in recent years. However, you may wish to move on to a new opportunity or new field altogether, which means you want to sell your e-commerce business as painlessly as possible.

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How firms can prioritize accountants’ mental health in the workplace

ThomsonReuters

Working in the tax and accounting industry can be a stressful job. With long hours, tight deadlines, and pressure to deliver results, it can be hard to achieve a work-life balance. That’s why it’s important for both tax and accounting professionals and their firms to take steps to protect their mental health. With Mental Health Month upon us, this is a good time to think about strategies to ensure that your teams maintain a healthy work-life balance.

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In the near term, commercial real estate may not hedge inflation

Mckinsey and Company

Rising cap rates could erode CRE’s power to outperform amid inflation. Real estate players can still take steps to thrive.

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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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Activist Wins Another Vote Under Universal Proxy

Harvard Corporate Governance

Posted by Michael R. Levin, The Activist Investor, on Thursday, May 18, 2023 Editor's Note: Michael R. Levin is founder and editor of The Activist Investor. This post is based on his TAI piece. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian Bebchuk, Alon Brav, and Wei Jiang; Dancing with Activists (discussed on the Forum here ) by Lucian A.

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Influencing the Future of Valuation: The Importance of Global Collaboration in Standard Setting

IVSC

Alistair Darling Chair of the IVSC Board of Trustees Alistair Darling was appointed Chair of the IVSC Board of Trustees during the Singapore AGM in October 2019. Alistair was previously UK Chancellor of the Exchequer from 2007 to 2010. Prior to this, he held a number of Cabinet positions, being one of only three people to have served in Cabinet continuously since Labour was elected to government in the UK in 1997.

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What is a semiconductor?

Mckinsey and Company

Semiconductors are the unsung heroes of the technology world: parts manufactured from pure elements that work behind the scenes to power and connect everything from smartphones to cars.

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ESG Securities Fraud

Harvard Corporate Governance

Posted by James J. Park (UCLA) , on Monday, May 15, 2023 Editor's Note: James J. Park is a Professor of Law at UCLA. This post is based on his recent article , forthcoming in the Wake Forest Law Review. Related research from the Program on Corporate Governance includes Rethinking Basic (discussed on the Forum here ) by Lucian Bebchuk and Allen Ferrell; and Price Impact, Materiality, and Halliburton II (discussed on the Forum here ) by Allen Ferrell and Andrew H.

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UBS details lower than expected $35bn gain from Credit Suisse rescue

Financial Times M&A

Swiss bank expects asset writedowns and litigation provisions to total $17bn

Banking 101
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Vice Media Files for Bankruptcy

NYT M&A

Vice, which had wooed media giants, has struggled to adjust to the punishing realities of digital publishing. A group of creditors could buy Vice for $225 million.

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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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Global Economics Intelligence executive summary, April 2023

Mckinsey and Company

Inflation remains high while trending down; the International Monetary Fund lowered global growth projections to 2.8% for 2023; US banking sector challenges persist; output indicators in services stay strong.

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Board Governance and Strategy in a Changing Global Economic Landscape

Harvard Corporate Governance

Posted by Carey Oven, Ira Kalish and Daniel Bachman, Deloitte & Touche LLP, on Sunday, May 14, 2023 Editor's Note: Carey Oven is National Managing Partner at the Center for Board Effectiveness and Chief Talent Officer, Ira Kalish is Chief Global Economist, and Daniel Bachman is a Senior Manager at Deloitte & Touche LLP. This post is based on a Deloitte memorandum by Ms.

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Geely doubles stake in Aston Martin to 17%

Financial Times M&A

Chinese group invests £234mn and becomes third-largest shareholder in carmaker

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Sam Zell, 81, Tycoon Whose Big Newspaper Venture Went Bust, Dies

NYT M&A

With a fortune made in real estate, he went into the media business in a landmark leveraged buyout of the Tribune Company in 2007. Bankruptcy ensued.

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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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Operational efficiency: A clear path to outperformance in distribution

Mckinsey and Company

More efficiency in operations means more agility—and more profitable growth—in an uncertain world.

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The Emergence of Welfarist Corporate Governance

Harvard Corporate Governance

Posted by Marcel Kahan and Edward Rock (New York University), on Thursday, May 18, 2023 Editor's Note: Marcel Kahan is the George T. Lowy Professor of Law and Edward B. Rock is the Martin Lipton Professor of Law at New York University School of Law. This post is based on their recent paper. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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IRS Announces 2024 HSA and EBHRA Contribution Limits, HDHP Minimum Deductibles, and HDHP Out-of-Pocket Maximums

ThomsonReuters

Rev. Proc. 2023-23 (May 16, 2023) Available at [link] The IRS has released the 2024 cost-of-living adjusted limits for health savings accounts (HSAs), high-deductible health plans (HDHPs), and excepted benefit health reimbursement arrangements (EBHRAs). Here are the details: HSA Contribution Limits. The 2024 annual HSA contribution limit is $4,150 for individuals with self-only HDHP coverage (up from $3,850 in 2023), and $8,300 for individuals with family HDHP coverage (up from $7,750 in 2023

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Italy’s Mediobanca buys UK-based tech advisory firm

Financial Times M&A

Deal to buy Arma Partners is latest move by Milanese lender to expand overseas

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The new automotive mandate: Moving from building products to building businesses

Mckinsey and Company

Automotive incumbents and their suppliers need to develop new growth opportunities to fend off innovating attackers.

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Nine Developments and Trends Shaping US Shareholder Activism in 2023

Harvard Corporate Governance

Posted by Thomas W. Christopher, Maia Gez and Ty C. Akkoyun, White & Case LLP, on Monday, May 15, 2023 Editor's Note: Thomas W. Christopher and Maia Gez are Partners and Ty C. Akkoyun is an Associate at White & Case LLP. This post is based on their White & Case memorandum. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian Bebchuk, Alon Brav, and Wei Jiang; Dancing with Activists

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AMD Stock Is Gaining Tuesday: Here's Why

Benzinga

Advanced Micro Devices, Inc (NASDAQ: AMD ) shares are trading higher Tuesday following Daniel Loeb's hedge fund Third Point disclosed new stakes in AMD. As per the filing, the fund bought 1 million AMD shares at roughly $98, valuing the stake at $98 million. It forms 1.6% of the total fund. Also, Bernstein's comments that PC shipments appear to be normalizing at pre-COVID levels are adding to the gains.

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Icahn regrets losing $9bn on short bets

Financial Times M&A

Plus, Credit Suisse bondholders get access to AT1 wipeout decree and Geely boosts stake in Aston Martin

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Consumers are in fact buying sustainable goods: Highlights from new research

Mckinsey and Company

Which sustainability attributes matter most at the point of sale? Do consumers pay attention to sustainability claims? A new report from McKinsey and NielsenIQ provides answers.

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The 2023 Say on Pay Season – Potential Outcomes and Considerations

Harvard Corporate Governance

Posted by Linda Pappas, Jose Lawani, and Perla Cuevas, Pay Governance LLP, on Tuesday, May 16, 2023 Editor's Note: Linda Pappas is Principal, and Jose Lawani and Perla Cuevas are Consultants at Pay Governance LLC. This post is based on their Pay Governance memorandum. The 2023 Say on Pay (SOP) season has a unique hallmark unlike previous SOP years: most companies within the S&P 500 have experienced significant decreases in total shareholder return (TSR) in the most recent performance year (2

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Silicon Valley Bank’s Failure: Lessons for Private Business Owners and Directors

Chris Mercer

This post was originally written for Mercer Capital’s Family Business Director Blog and offered advice to family business directors based on my observations following the failure of Silicon Valley Bank on March 10, 2023. This failure was followed by Signature Bank on March 12, 2023, and First Republic Bank on May 1, 2023. All three banks failed because of deposit withdrawals in excess of the banks’ abilities to fund them.

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M&A crackdown a ‘disaster’ for pharma sector, Pfizer executive warns

Financial Times M&A

Development chief raises worry over innovation after FTC sues to block Amgen-Horizon deal

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Target True Zero: Infrastructure for novel propulsion flight

Mckinsey and Company

New types of infrastructure will be essential for supporting battery- and hydrogen-powered aircraft that will begin operating this decade.

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Remarks by Commissioner Lizárraga before the Digital Directors Network 2023 Conference

Harvard Corporate Governance

Posted by Jaime Lizárraga, U.S. Securities and Exchange Commission, on Wednesday, May 17, 2023 Editor's Note: Jaime Lizárraga is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on his recent public statement. The views expressed in this post are those of Commissioner Lizárraga and do not necessarily reflect those of the Securities and Exchange Commission or its staff.

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Defining your Employee Benefits Strategy | Meaden & Moore

Meade & Moore

The pandemic has had a lasting impact both on our economy and on our work environment. When rising inflation, product shortages, and a stricter regulatory environment are combined with new expectations in the job market, employers must be willing to embrace change. Unfortunately, change can be expensive, especially when it comes to benefits. To meet expectations in the job market and to keep existing employees happy, employers should maximize spending on benefits while still keeping overall cost

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Jake Paul And Joe Levy's Betr Sports Betting Company Acquires Chameleon, Continues Push For Direct-To-Consumer Platform

Benzinga

Microbetting sports betting platform Betr , founded by Jake Paul and Joey Levy, announced a recent acquisition to continue its push in the sector. Here’s a look at the deal and how it could shape the future of Betr. What Happened: Paul and Levy launched Betr with the goal of simplifying the process of live sports betting and predicting results.

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Land: A crucial resource for the energy transition

Mckinsey and Company

To achieve its decarbonization targets, the European Union will need to expand renewable-energy capacity. Identifying and allocating sufficient land will be foundational to the effort.

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Challenges Continue Regarding Expanding Diversity in The Boardroom and C-Suites

Harvard Corporate Governance

Posted by Esther G. Lander, Richard J. Rabin, and Anastasia Kerdock, Akin Gump Strauss Hauer & Feld LLP, on Wednesday, May 17, 2023 Editor's Note: Esther G. Lander and Richard J. Rabin are Partners and Anastasia Kerdock is a Senior Practice Attorney at Akin Gump Strauss Hauer & Feld LLP. This post is based on a Akin Gump memorandum by Ms. Lander, Mr.

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What Is a Risk Assessment Matrix? And Why Is It Important?

Audit Board

In today’s modern threat landscape, compliance risk, cybersecurity risk, fraud risk, and even climate change risk can have a significant impact on your company’s reputation and bottom line. External risk events like the COVID-19 pandemic point to an increasing need for businesses to develop a risk assessment plan that helps them execute certain strategies and achieve objectives effectively, even in the face of an unprecedented risk landscape.

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Kioxia And Western Digital Fast-Track Merger Discussions, Nearing A Deal

Benzinga

Kioxia Holdings Corp and Western Digital Corp (NASDAQ: WDC ) accelerated merger talks have progressed towards a deal as plunging market demand and oversupply of chips weighed on the companies. Kioxia would have a 43% stake and Western Digital a 37% ownership under the deal, Reuters cites familiar sources. Combining their flash memory businesses could boost competitiveness against rivals like South Korea's Samsung Electronics Co, Ltd (OTC: Full story available on Benzinga.