Despite historically low interest rates and increasingly favorable economic conditions, inflation has remained persistently below the Fed’s 2% target for nearly six years. While stubbornly low inflation would have been cause for alarm in the past, few seem to be worried. With other economic indicators headed in a positive direction, the Fed h...
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There are currently more than 1,000 cryptocurrencies with a combined market capitalization of over $400 billion dollars. In the grand scheme of things, they represent a relatively small portion of the global economy. However, these alternative, digital currencies continue to generate a significant amount of buzz among curious investors. As an inves...
The Tax Cuts and Jobs Act (TCJA) is here to stay and its provisions change the landscape of the private equity world going forward. The decrease in corporate rates coupled with new net operating loss limitations, corporate alternative minimum tax repeal, and accelerated expenditures will directly impact how the value and price modeling of deals are...
Under prior law, the Internal Revenue Code provided that employers would be allowed deductions for operating privately owned aircraft attributable to business flights. Under the new law, though, expenses attributable to entertainment activities will now be 100 percent non-deductible, whereas in the past they were 50 percent deductible. Other change...
Artificial intelligence (AI) is advancing quickly, and it’s impossible for anyone to give a precise vision of how the next ten—much less five—years will unfold. Our aim here is different: to make specific predictions about AI trends for the next 12 months and draw out key implications for business, government, and society as a who...
The future. It’s the topic on the mind of most business leaders—what’s going to happen in the future? And importantly, how do you ensure you’re prepared for it? Today, as technological advances impact the scale, scope, and utility of data and information, a new ecosystem of information and trust is taking shape around us. Bu...
Detailed analyses and quantitative rigor go into every sound investment decision. To make matters more challenging, we are constantly battling our instincts, which can pull us in conflicting directions and get in the way of sound investment discipline. To this end, we must find an equitable balance between the fear that tugs at us when markets are ...
Operational improvements are a key lever for achieving value creation after a deal closes. There are three critical ways private equity firms can both protect and grow value through operations. One way is to lead differently, beginning with recognizing that the due diligence process can cause employees to be apprehensive. When leaders understand an...
A flexible operating model drives innovation and responsiveness to market changes. It nearly always reflects a fundamental shift in long-standing beliefs about how organizations make money, and it requires a shift to a highly adaptable configuration of capabilities that must align with strategy and occur throughout all levels of an organizatio...
You’ve made the right moves in your operating business—you’ve developed and executed your IT plan and upgraded your ERP, EAM, and CRM systems to improve efficiencies and gain new insights. You're starting to see results, but these new systems are generating vast amounts of data you aren't always sure what to make of. To de...
Industry 4.0—synonymous with smart technologies—is driving efficiencies and increasing productivity. Data, and the physical-digital integration of humans, processes, systems, and machines, are key components of this transformation. The global ramifications of Industry 4.0 are still under debate, but one thing is certain: Change is comin...
The benefits of the U.S. 2017 tax reform act (the Act) should be broadly felt by Americans, and businesses large and small will see tax relief. The Act contains elements important for stronger economic growth—a competitive corporate tax rate and a move toward a territorial system of international taxation. At the same time, the House and Sena...
The field of philanthropy has primarily been built around the more tactical aspects and the how of giving while taking the why for granted. It has made the assumption that a purely rational approach (i.e., providing donors with more information or metrics) will unleash more giving, without exploring the often nonrational, psychological journey on w...
Because of social and cultural changes that have increased women’s control of wealth, this paper seeks to help families navigate this newer development—where the female partner’s inherited wealth significantly exceeds that which her spouse is likely to generate through his own inheritance or work. It begins with McKayla’s st...
Valentine’s Day is a time when employees celebrate, while HR representatives, in-house counsel, and business owners hold their breath. In this #MeToo era, employers should consider proactively addressing workplace relationships and shoring up internal policies for dealing with complaints. Here are some tools to help employers get in the Valen...