Sat.Jul 27, 2024 - Fri.Aug 02, 2024

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Comment on Lack of Fee Transparency: Exposing the AMC Exploitation by Retired Appraiser

Appraisers Blog

Nobody cares what happened to the once incredible appraisal profession; be it government, banks, regulators, Realtors, or homeowners. That does not surprise me. What surprises me is the fact that appraisers never cared what happened to their own careers. Not once over the last 15 years have they seriously discussed a nationwide shutdown or even a class action lawsuit.

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Anti-ESG Proposal Surged in 2024 But Earned Less Support

Harvard Corporate Governance

Posted by Heidi Welsh, Sustainable Investments Institute, on Wednesday, July 31, 2024 Editor's Note: Heidi Welsh is the Executive Director at the Sustainable Investments Institute (SI2). This post is based on her recent Si2 memorandum. Shareholder proponents who do not support limiting corporate environmental impacts, promoting diversity, or providing investors with more ESG disclosure flooded this year’s corporate annual meeting agendas.

Equity 287
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IVSC AGM 2024, 20-22 November

IVSC

We are thrilled to announce that the 2024 Annual General Meeting (AGM) of the International Valuation Standards Council (IVSC) will take place in the vibrant city of Hong Kong. This prestigious event is a cornerstone for valuation professionals, offering an unparalleled opportunity to engage with global leaders and stakeholders in the field. This year, we are honoured to be hosted at the Dorsett Kai Tak, Hong Kong, a dynamic hub of business and finance, following our successful 2023 gathering in

Finance 246
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Pre-July 2024 Fed Meeting

Value Scope

FedScope, Vol. 24 No. 7 By: Thomas Rizzo US Economy: Inflation The Consumer Price Index (CPI), a key inflation gauge, rose 3.0% year over year in June, down from 3.3% in May. Economic Growth: Real Gross Domestic Product (GDP), increased at a 2.8% annual rate in the second quarter of 2024, which was greater than the 2.1% expected. Labor Market: Monthly job growth remains strong, unemployment has increased to 4.1% in June, and job openings have fallen slightly to 8.2 million.

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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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Healthy organizations keep winning, but the rules are changing fast

Mckinsey and Company

Driving higher organizational health and performance means focusing on new practices: empowering employees to make decisions, using technology to create value, and updating leadership styles.

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Business Judgment and Valuing Impacts

Harvard Corporate Governance

Posted by Dennis West (University of Oxford), and Dimitrij Euler (Value Balancing Alliance), on Tuesday, July 30, 2024 Editor's Note: Dennis West is a PhD Candidate at the University of Oxford and Dimitrij Euler is Director of Sustainable Finance at Value Balancing Alliance. This post is based on their recent report. Introduction About twelve years ago, when we first wrote about the relevance of social and environmental information to corporate governance [1] , scholars and practitioners alike r

Finance 275

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The Stranger in Seattle Gets a New Owner, With Plans for Expansion

NYT M&A

Noisy Creek, a new media company, has bought The Stranger and The Portland Mercury, two of the country’s best known alternative weeklies.

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The Iberian green industrial opportunity: Electrification and renewables

Mckinsey and Company

Cooperation from all stakeholders can drive Iberian decarbonization through electrification and renewables deployment. Here we discuss the ambition, challenges, and potential unlocks for Spain.

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2024 Proxy Season Review: Five takeaways

Harvard Corporate Governance

Posted by Jamie Smith, EY, on Tuesday, July 30, 2024 Editor's Note: Jamie C. Smith is a Director at EY’s Center for Board Matters. This post is based on her EY memorandum. In 2024 companies secured strong support on key voting items despite increasing complexity. This year’s proxy season included a busier year for activism amid a demanding economic context, a recalibrated shareholder proposal landscape, and emerging topics of focus such as artificial intelligence (AI).

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IPO Market Maintains Momentum Despite Ackman’s Nixed Plans

Global Finance

Corporate finance experts say going public is cool this summer; that’s not the case for a billionaire hedge fund manager’s overhyped IPO. Toward the end of July, several companies looking to go public told vastly different stories than the one billionaire Bill Ackman weaved on social media. The hedge fund manager grabbed headlines on Wednesday, July 31, when he decided to no longer plan an initial public offering (IPO) for his firm, Pershing Square USA.

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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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Why the Capital One-Discover Merger Makes Sense

Mogin Rubin M&A

Written by Jonathan Rubin, Partner and Co-Founder of MoginRubin LLP -- When federal agencies review bank mergers, the competition issues typically relate to the number and location of physical branches and the extent of any overlap in the areas served. By contrast, the proposed $35 billion Capital One-Discover merger raises different and far more subtle competitive issues.

Banking 105
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Making more medicines that matter

Mckinsey and Company

Productivity in biopharmaceutical R&D has slumped for a decade or more. We propose a recipe for sustainable, value-creating innovation, even in the face of strengthening industry headwinds.

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Negative Trading in Congress

Harvard Corporate Governance

Posted by Peter Molk (University of Florida), and Frank Partnoy (UC Berkeley School of Law), on Monday, July 29, 2024 Editor's Note: Peter Molk is a Professor of Law at the University of Florida Levin College of Law and Frank Partnoy is the Adrian A. Kragen Professor of Law at the University of California Berkeley School of Law. This post is based on their recent article forthcoming in the Indiana Law Journal.

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Vodafone Idea In India Explores Alternative Avenues To Raise Capital

Global Finance

Facing looming 5G spectrum financing and rock-bottom data prices, Vodafone gets creative with alternative funding options. Numerous Indian companies and multinational subsidiaries in India are heading for IPOs in the next few months, as funding capital projects amid India’s infrastructure boom takes precedence over other corporate finance activities.

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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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Value-based versus fixed-fee pricing for accounting firms

ThomsonReuters

Historically, accounting firms have operated under a transactional billing model, providing once-a-year services primarily focused on tax compliance and reporting. However, with the rise of AI-powered tax technology and increasing client expectations , forward-looking accounting firms are evolving beyond tax compliance to offer year-round, value-added services that capitalize on their unique expertise and address their clients’ overall financial well-being.

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Opportunity@Work: Addressing the opportunity gap and improving workforce equity outcomes

Mckinsey and Company

The cofounder and CEO of Opportunity@Work talks about the nonprofit’s mission to broaden equitable access to career opportunities for workers skilled through alternative routes.

Equity 131
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Clawback Provisions that Go Beyond SEC Requirements are Prevalent Among Large-Cap Companies

Harvard Corporate Governance

Posted by Stephen Hom, Erin Bass-Goldberg, and Emma van Beek, FW Cook, on Sunday, July 28, 2024 Editor's Note: Stephen Hom is a Principal, Erin Bass-Goldberg is a Managing Director, and Emma van Beek is a Consultant at FW Cook. This post is based on their FW Cook memorandum. In October 2022, the SEC adopted final clawback rules mandated by the Dodd-Frank Act, which required companies listed on the NYSE and Nasdaq to adopt a clawback policy to recover excess incentive compensation from current an

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Nordic Finance: M&A And Partnerships Fuel Bank Growth

Global Finance

The Nordic financial sector is witnessing unprecedented bank-sector consolidation and fintech partnership-building activity. The surge in collaborative deals between traditional banks and fintech disrupters is helping finance houses develop deeper competence in next-generation digital and artificial intelligence offerings across core areas such as risk management, data analytics, robo-advisors, portfolio management, and fraud detection and prevention.

Finance 105
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The News Movement Showed How Hard It Is to Profit From Gen Z on Social Media

NYT M&A

The Washington Post is creating a division to find valuable audiences in new places. The C.E.O.’s last company shows that’s a tough road.

Start-ups 126
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Five differentiators of outperforming family-owned businesses in India

Mckinsey and Company

India has many family-owned businesses, but only a few can boast of sustained success for generations. We explore five points of difference between the best and the rest.

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Governance of transformation amid an uncertain business climate

Harvard Corporate Governance

Posted by Carey Oven, Annie Adams, and Mauricio Garza Benavides, Deloitte LLP, on Thursday, August 1, 2024 Editor's Note: Carey Oven is a National Managing Partner, and Annie Adams and Mauricio Garza are Managing Directors at Deloitte LLP. This post is based on their Deloitte memorandum. Why it matters It seems an understatement to characterize the current state of global affairs as “volatile.

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New Stock Exchange Proposal For Texas Weighed By SEC

Global Finance

Regional and specialized stock exchanges are returning as demand expands for new products and market locations. The theory that regional or specialized exchanges can bring unique know-how to specific sectors or geographies is driving the buildup. The list of such exchanges is growing, and the trend is global. For example, the Eastern Caribbean Securities Exchange (ECSE) is the Caribbean’s major regional stock exchange, designed to attract companies with regional interconnectivity and regional in

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Comment on Leaving the Appraisal Profession by Diana Nytko

Appraisers Blog

In reply to Brad. Couldn’t have said it better myself. I retired this year after 55 years in real estate 48 of them appraising. Used to enjoy what I was doing but the AMCs took the joy out of the business to say nothing of screwing Appraisers of their hard earned fees. I still do some reviews for printer clients and I would never let some of the jobs I’ve seen leave my office.

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The Iberian green industrial opportunity: Seizing the moment

Mckinsey and Company

Possessing natural endowments and mature industrial infrastructure, Spain and Portugal have an unprecedented opportunity to lead the energy transition and create significant value for the region.

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Not Even a Raging Bull Market Can Rescue SPACs

Harvard Corporate Governance

Posted by Michael Eisenband, FTI Consulting, on Monday, July 29, 2024 Editor's Note: Michael Eisenband is Global Co-Leader of Corporate Finance & Restructuring at FTI Consulting. This post is based on his FTI Consulting memorandum. Special-purpose acquisition companies, better known as SPACs (also referred to as “blank check companies”), which have continued to unravel practically en masse while carving out their place in the lore of investing manias.

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Panama: The Promise Of Positivity

Global Finance

As a new government takes office, optimism is growing that economic expansion will resume in Panama. But fiscal challenges, plus troubles in the mining sector, suggest caution. Shortly after taking office on July 1, new President José Raúl Mulino confirmed one of his biggest campaign promises: the start of the 391-kilometer Panama-David rail project that will link the country’s disparate regions.

Banking 105
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Comment on Leaving the Appraisal Profession by Baggins

Appraisers Blog

In reply to Eric Kretz. Substantial ignorance about the home valuation process, on display for the world to see. Your tax dollars hard at work. The appraisers involved had many competency issues. Courtesy of the discount fee amc engagement model. Too bad the home owners were denied access to three out of four ethical appraisers, whom refuse to work with amc’s because of the discount compensation and unethical business dealings so common with the amc companies.

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The McKinsey Crossword: Viral Marketing | No. 191

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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Banking Vet Still Has Work To Do As Paul Weiss M&A Head

Law 360 M&A

After a long tenure in banking, including as Morgan Stanley's global head of mergers and acquisitions, Rob Kindler could have rested on his laurels. Instead, Kindler joined Paul Weiss as its global chair of M&A and has led the team that represented Envestnet Inc. on its July 11 deal to sell the business to Bain Capital for $4.5 billion. He spoke with Law360 about what he sees ahead.

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The Talent Tussle: Labor Shortage Hits CPAs and CFOs Alike

Global Finance

CFOs are struggling to hire people with the right balance of quantitative and strategic skills in today’s increasingly tech-centric corporate environment. Adnan Bokhari knows how to balance a ledger. He’s a practicing CPA who was named CFO of JA Worldwide, a global nonprofit youth organization, about a year ago. His wife is also a CFO and a CPA. But their three kids?

Start-ups 105
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Comment on AMC Engagement Letter: Appraisers Do Not Include Your Invoice by Baggins

Appraisers Blog

Here is another one. CSS amc non disclosure of appraisal fees. One can not even just casually surf anything amc and appraiser signup related, without having this exact same policy always put forth. Except for NY. Consumers there have legal protections. The rest of the country enjoying honest and transparent billing practices with amc’s? Keep dreaming.

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Reimagining labor to close the expanding US semiconductor talent gap

Mckinsey and Company

The US semiconductor industry is poised to expand exponentially by 2030. But how can an industry already facing attrition staff its growing operations? With a paradigm shift in its approach to labor.

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R1 RCM Going Private In $8.9B Deal Steered By 4 Firms

Law 360 M&A

TowerBrook Capital Partners and Clayton Dubilier & Rice have agreed to take R1 RCM Inc. private in a deal that values the healthcare-focused tech provider at about $8.9 billion, the company said in a Thursday announcement.

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5 Healthy Habits You Need to Level Up Your Leadership Style

Rhythm Systems

As a leader, your company or team is only as strong as your leadership capabilities. If you find yourself stuck at a certain stage, your team will also be held back. Rhythm Systems CEO, Patrick Thean , often says “The fish rots from the head down” - meaning if you look around your business and see things you don’t like, as a leader, you should look first in the mirror to fix it.

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