Sat.Apr 06, 2024 - Fri.Apr 12, 2024

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Why strategists should embrace imperfection

Mckinsey and Company

In a world of rapid change, looking for certainty can obscure opportunity. Taking smaller yet bold steps provides a more sure-footed path through uncertainty.

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Delaware Supreme Court Holds Entire Fairness Applicable to All Conflicted Controller Transactions

Harvard Corporate Governance

Posted by Gregory V. Gooding, Maeve O'Connor, and William D. Regner, Debevoise & Plimpton LLP, on Monday, April 8, 2024 Editor's Note: Gregory V. Gooding , Maeve O’Connor , and William D. Regner are Partners at Debevoise & Plimpton LLP. This post is based on a Debevoise memorandum by Mr. Gooding, Ms. O’Connor, Mr. Regner, Susan Reagan Gittes , and Jeffrey J.

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Trending Sources

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CAS-IVSC International Valuation Conference 2024

IVSC

CAS-IVSC International Valuation Conference 2024 The China Appraisal Society (CAS) and the International Valuation Standards Council (IVSC) recently co-organised an international valuation conference, hosted by the Shanghai National Accounting Institute (SNAI) from 11 – 12 April 2024. Attendees included Mr. Yu Weiping, Vice Chairman of the Committee on Economic Affairs of the CPPCC National Committee, President of the CAS, and Mrs.

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MariMed Is On A Roll: Partners With Two Iconic Music Venues In Boston, Acquires Another Illinois Cannabis Dispensary

Benzinga

Multi-state marijuana operator MariMed Inc. (CSE: MRMD ) (OTCQX: MRMD ) has closed the acquisition of Allgreens Dispensary, LLC on Tuesday, April 9, its fifth dispensary in Illinois. The Massachusetts-based company said the green light from the Illinois Department of Financial & Professional Regulation for the acquisition allows MariMed to fully consolidate the financial results of the company's Thrive-branded dispensary in Casey, Illinois.

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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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How institutional investors can gain a performance edge

Mckinsey and Company

Christopher Ailman, chief investment officer of the California State Teachers’ Retirement Fund, explains how performance can be enhanced by culture, diversification, and limiting CIO turnover.

Equity 118
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The Neoclassical View of Corporate Fiduciary Duty Law

Harvard Corporate Governance

Posted by Zachary J. Gubler (Arizona State University), on Monday, April 8, 2024 Editor's Note: Zachary J. Gubler is Marie Selig Professor of Law at the Arizona State University Sandra Day O’Connor College of Law. This post is based on his article forthcoming in the University of Chicago Law Review. There’s an old and venerable way of talking about corporate fiduciary duties that maintains that they are owed to the corporate entity itself.

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More Trending

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Paramount, Skydance Deal Could Be 'Home Run' For Shari Redstone, Loss For Shareholders, Investor Warns

Benzinga

A potential merger between media companies Skydance and Paramount Global (NASDAQ: PARA )(NASDAQ: PARAA ) has dominated headlines and could see further consolidation in the media sector. One shareholder of Paramount Global is calling out the merger efforts, which could provide cash to Shari Redstone and leave Paramount shareholders with a diluted value.

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How to find opportunity in a crisis: Launching a spinoff business

Mckinsey and Company

The CEO and cofounder of Drop discusses spinning off an adjacent business under a new brand during the COVID-19 pandemic while still scaling up the initial startup.

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Low Carbon Mutual Funds

Harvard Corporate Governance

Posted by Marco Ceccarelli (Vrije Universiteit), Stefano Ramelli (University of St. Gallen), and Alexander F. Wagner (University of Zurich), on Thursday, April 11, 2024 Editor's Note: Marco Ceccarelli is an Assistant Professor at Vrije Universiteit, Stefano Ramelli is an Assistant Professor at the University of St. Gallen, and Alexander F. Wagner is a Professor of Finance at the University of Zurich.

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Oil & Gas Roadblocks: Prices, Production, And People Holding Sway

Auto Dealer Valuation Insights

There are always going to be barriers to success in an industry. Barriers to entry, barriers to growth, barriers to profitability, and barriers to progress can lurk to name a few. The upstream industry has its share. For gas, its own oversupply and low prices are an issue. For oil, capital constraints are reining in investment.

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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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Cannabis Platform Vangst Acquires CannabizTeam's Temp Staffing Division Amid Hiring Surge

Benzinga

Cannabis industry's leading hiring platform Vangst has acquired CannabizTemp, the temporary staffing division of CannabizTeam. What Happened The company said on Friday the acquisition was 50% cash and 50% stock and is the first acquisition in the cannabis human resources (HR) space. The integration of CannabizTemp customers into Vangst will commence immediately.

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Why courting aspirational luxury consumers still matters

Mckinsey and Company

To help insulate themselves from economic headwinds, luxury brands have focused much of their attention on serving high-net-worth consumers. But aspirational luxury consumers are just as important.

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AI Governance Appears on Corporate Radar

Harvard Corporate Governance

Posted by Subodh Mishra, Institutional Shareholder Services Inc., on Thursday, April 11, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Veronica Nikitas. Key Takeaways Only about 15% of companies in the S&P 500 provide some disclosure in proxy statements about board oversight of AI.

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FTC 'Hopeful' Merger Judges Can See Past Market Definition

Law 360 M&A

The Federal Trade Commission's top antitrust enforcer emphasized Thursday that the FTC and Justice Department's new merger guidelines could facilitate transaction challenges based solely on "direct" competitive effects, regardless of what market definition numbers indicate.

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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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Comment on The Censorship of Appraisers by Retired Appraiser

Appraisers Blog

How.can you be held liable for anything when you are using terms dictated by another entity? I see this as a valid defense against most charges. Your Honor, I am not the sole person responsible for creating this report. I was forced to use words that were not of my choosing. Don’t fail to share your liability in a court of law with your “masters” appraisers.

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The generative AI opportunity in airline maintenance

Mckinsey and Company

For everyone from repair copilots to clerical assistants, generative AI can improve productivity and ease labor shortages. How can airlines and related companies get the basics right?

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The New Framework provided by Moelis

Harvard Corporate Governance

Posted by Nathan Barnett, Ben Strauss, and Marina Leary, McDermott Will & Emery, on Wednesday, April 10, 2024 Editor's Note: Nathan Barnett and Ben Strauss are Partners and Marina Leary is an Associate a t McDermott Will & Emery. This post is based on their McDermott memorandum and is part of the Delaware law series ; links to other posts in the series are available here.

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Nikola Investors' SPAC Fraud Suit Moves Ahead

Law 360 M&A

Board directors of electric truck maker Nikola Corp. and the blank-check company that took it public for $3.3 billion in 2020 must face shareholders' derivative claims of insider trading, securities fraud and merger-related breaches after Delaware's Court of Chancery on Tuesday denied more than half of the defense's motions to dismiss.

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Comment on The Censorship of Appraisers by Spencer Paul

Appraisers Blog

Do not forget this directly impacts ROV requests because said requestors are not trained in the banned terminology and thus include much of the aforementioned in the ROV requests for consideration. I had one ROV that was laced with said terms to the point where there wasn’t a single sentence I could not copy and paste into an ROV addendum on my report.

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Swap Exchange | No. 175

Mckinsey and Company

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.

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The Shareholder Activism of Anti-Discrimination Proponents

Harvard Corporate Governance

Posted by Scott Shepard, Stefan Padfield, and Ethan Peck (The National Center for Public Policy Research), on Thursday, April 11, 2024 Editor's Note: Scott Shepard is General Counsel and Director, Stefan Padfield is Deputy Director, and Ethan Peck is an Associate of the Free Enterprise Project (FEP) at The National Center of Public Policy Research (NCPPR).

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McMahon Sells Millions More In TKO Stock Amid Abuse Suit

Law 360 M&A

WWE's disgraced founder Vince McMahon, who was recently accused of trafficking a former employee, continues to loosen his grip on the wrestling company he founded, most recently selling $311 million worth of stock in WWE's parent, according to a Monday securities filing.

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Comment on The Censorship of Appraisers by Anonymous

Appraisers Blog

I got red flagged for using the word “church” instead of “religious facility” I got flagged a 2nd time even though I substituted “religious facility” for “church” Why?

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Alex Hardiman on product outside of pure technology companies

Mckinsey and Company

Alex Hardiman, chief product officer of the New York Times, shares how a strong product-led strategy can elevate organizations across industries.

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Spirit Airlines Will Delay Plane Purchases and Furlough Pilots

NYT M&A

The low-cost airline, which has been unprofitable for four years, is trying to reduce costs after a federal judge blocked a proposed deal for JetBlue to acquire Spirit.

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Real Estate Authority: RE Women In BigLaw, Q1, Proptech

Law 360 M&A

Law360 Real Estate Authority covers the most important real estate deals, litigation, policies and trends. Catch up on this week's key developments by state — as well as on gender diversity rates among 20 BigLaw real estate practices, M&A and financing stats from the first quarter, and the 2024 Real Estate Technology Conference in New York.

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Comment on The Censorship of Appraisers by Bill Johnson

Appraisers Blog

In reply to Spencer Paul. Same goes for including agent comments from within the MLS listing. I got flagged for using the word close which was used by the agent as it relates to freeway access. Seek the truth.

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Embedded finance: The choices and trade-offs for US banks

Mckinsey and Company

No risk, no reward. Banks can design an embedded-finance offering based on their size, distribution footprint, customer base, and product portfolio.

Banking 127
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Monitoring Your Employees' Productivity

Machen McChesney

Worker productivity has been in the headlines recently. One reason is the easy access employers have to the many technologies that can monitor employees — from software that tracks when an employee swipes their badge at work to software that notes how long someone is at their computer and what they do while they are there. Another is a certain manifesting distrust of workers, particularly the increased numbers of remote workers.

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3 Firms To Lead Weber Investor Suit Over $3.7B PE Buyout

Law 360 M&A

Prickett Jones & Elliot, Grant & Eisenhofer PA, and Kessler Topaz Meltzer & Check will together represent a proposed class of investors in grill maker Weber Inc. in consolidated litigation in Delaware's Court of Chancery over a $3.7 billion squeeze-out by private equity firm BDT Capital Partners LLC, Chancellor Kathaleen St. Jude McCormick decided on Monday in what she described as a "close call.

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Comment on The Censorship of Appraisers by Spencer Paul

Appraisers Blog

How many of you would be surprised to know: “It’s funny, because FNMA’s collateral underwriter tool has a line item adjustment it makes on every comparable called the “CBG” adjustment. CBG stands for Census Block Grid. It’s essentially a location adjustment based on the median values of homes in that CBG. In my opinion, this adjustment the FNMA model makes is pretty much, in my personal opinion, is the equivalent of red lining.

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Beyond the bus: Five key challenges in US student transportation

Mckinsey and Company

Getting K–12 students to school is a complex endeavor that requires significant investment and innovation. Stakeholders could face five key challenges within the next decade.

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ESG Audits: Navigating New Frontiers in Corporate Responsibility

Machen McChesney

Reporting on environmental, social, and governance (ESG) matters is an increasingly crucial area of corporate compliance. While ESG reporting and disclosure apply primarily to public companies, there are efforts aimed at requiring private companies to also report on these matters. For example, the European Union’s Corporate Sustainability Reporting Directive requires private organizations that meet specific criteria to publish social and environmental risks and their impacts.

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Judge Urged To Reject UnitedHealth's Antitrust Deal Qualms

Law 360 M&A

Patients who cut a $55 million antitrust settlement with NorthShore University HealthSystem are urging an Illinois federal court to reject objections by United Healthcare Services, arguing that the insurer has no standing to derail the deal and that its challenge to the agreement could dilute their recovery.

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