CFO Square-Off… Assessing a law that’s only four years old is difficult: by legislative life spans, four years is a blip. But the Jumpstart Our Business Startups Act of 2012 was designed to be a fast-acting measure — an economic defibrillator that would revive access to capital for small to midsize businesses. So it’s not too early to ask if the JOBS Act, a major achievement of the Obama administration, is a success so far. In addition, with some congressman introducing legislation that would alter the law significantly, it’s the perfect time to examine which parts of the JOBS Act work and which don’t.
All Square-Off articles below.
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Risk management unknowns… Risk managers are “comfortable dealing with the unknown,” says Gordon Adams. That’s a good thing, he adds, because they’re dealing with it all the time.
Indeed, the unknown is a permanent aspect of the budgeting and planning process of corporate risk management and insurance departments, according to Adams, who a few months ago took on the job of managing property-casualty risks for the clients of Servco Pacific Insurance, an insurance brokerage based on the West Coast.
The risk management executive, who previously was chief risk officer for Tri-Marine International, a global tuna fishing company, and has more than 40 years of experience in various insurance industry roles, says the uncertainty is greatest in one of two cost “silos” built into the budgets of risk management departments. (Adams spoke with CFOat last week’s Risk and Insurance Management Conference in San Diego.) Read article.
CFO Stacy Smith will take on a new, unnamed role “leading sales, manufacturing, and operations.”
“We expect the transaction to happen on the original terms and within the originally announced timeframe,” says EMC’s chief executive.
The company posted a first-quarter loss but CEO Marissa Mayer said it had made “substantial progress towards potential strategic alternatives.”
Dealing with the unknown is a key part of budgeting and planning for corporate risk management departments, an industry veteran explains.
Regulation A offerings, as improved by the JOBS Act, may be just the ticket when the IPO window is closed.
The JOBS Act has been an important tool for pre-IPO companies seeking to raise equity capital.
For most companies, Titles II and III of the JOBS Act won’t be of much aid in raising substantial capital or attracting investors.
Four opinions on whether the JOBS Act is a help or hindrance to companies seeking capital.
The easier IPO on-ramp has been a boon, but crowdfunding has a very uncertain future.