Jim Rossman is managing director of the corporate preparedness group at Lazard, the M&A advisory and asset management giant. A former M&A lawyer at Cleary Gottlieb Steen & Hamilton, Rossman talked with Global Finance about how to fend off hostile takeovers—mainly in the US, but also in Europe and emerging markets.
Risk & Insurance
Corporate leaders can be forgiven for not thinking too far ahead. The length of time that investors hold stock has fallen. Share-holders want fast rewards—and quick fixes when performance flags. Moreover, given the upheavals and macroeconomic uncertainties of the past decade, many CEOs and CFOs have been preoccupied with firefighting.
Management | Risk Management
Cyberattacks, safety concerns, climate change, regulatory demands, declining oil prices, less demand from China, a crumbling and volatile stock market: There is no lack of risks in doing business, and at the start of 2016, they are ever- present for corporations small and large.
The axe fell on Brazil heading into 2016 as it suffered a downgrade to junk status by Fitch Ratings, heightening the air of crisis as the beleaguered nation grapples with political turmoil and recession.
Capital Markets | M&A Antitrust
Antitrust authorities around the world are stepping up their merger-monitoring activities amid a boom in cross-border M&A. They’re increasingly requiring merging companies to divest assets to win approval for their deals. In some cases, complex requirements are causing corporates to abandon proposed combinations.
SEC & Executive Compensation | Five years after the 2010 Dodd-Frank financial reform act, several of its controversial corporate governance provisions on executive compensation continue to wend their way through the system.
Newsmakers | Nicaragua
When Nicaraguan president Daniel Ortega announced last December a plan to construct a controversial transoceanic waterway that would provide an alternative to the Panama Canal, he vowed the project would create jobs and bring prosperity to the hemisphere’s second-poorest nation.
Capital Markets | Fixed Income
Hungary’s biggest financial scandal, which broke earlier this year, involved the alleged issuance of more than $500 million of phony bonds by Quaestor Financial Hrurira. The brokerage was one of three firms charged with fraud.
with Jan Rasmussen, Nordea Markets