Business Pants

Free Float Media Inc.

Whether you love business news or feel like you’re supposed to know it but hate it, Business Pants is business news for humans. Snarky and irreverent, deeply researched and factual, a podcast devoted to market quirks and the humans that make up companies. Investing isn’t a what, it’s a who.

  1. 3H AGO

    BAD GAME: Zuck’s AI CEO, Larry Fink worries about capitalism, Grab’s double extra vote shares

    Trump despises wind farms so much he’s paying a French energy giant $1 billion to stop building them and invest in natural gas instead TotalEnergies says it will instead invest in the development of oil and gas production in the U.S. Larry Fink says today’s economic anxiety stems from people increasingly feeling like capitalism isn’t working for them "Statement on the Purpose of a Corporation" was announced on August 19, 2019 BlackRock's Fink warns AI boom could widen wealth divide without broader participation Google CEO Sundar Pichai Says AI Could Do His Job—Zuckerberg Is Already Testing It As Google's chief admits artificial intelligence could soon handle his responsibilities, Meta's boss begins testing a digital aide to streamline billion-dollar decisions Silicon Valley is witnessing a fundamental shift in executive power as the leaders of Google and Meta prepare for a future where artificial intelligence manages the C-suite. Goldman Sachs General Counsel Kathy Ruemmler Leaves With $25M Payout After Epstein Files Expose Years of Intimate Contact ‘Trust the founder’? Grab’s super-voting share proposal raises governance questions for investors The ride-hailing and delivery player will seek shareholder approval at an extraordinary general meeting (EGM) on Tuesday (Mar 24) to double the votes attached to its “super-voting” Class-B shares. This could lift Tan’s voting power to as much as 74.9 per cent – up from 59.1 per cent as at Jan 31 and 60.4 per cent five years ago.  Child labor violations rise in US – as Republicans still roll back protections The efforts to roll back child labor protections at the state level, with the ultimate goal of eroding federal standards, were outlined in Project 2025, the rightwing Heritage Foundation thinktank’s controversial blueprint for more conservative government. Since 2021, 30 states have proposed legislation that would roll back child labor protections and regulations, with 17 states enacting rollbacks. Heritage has filed a slate of 2026 SHPs focusing on "viewpoint discrimination" and the reputational risks of using political diagnostic tools: Alphabet, Amazon, Meta, Salesforce, Starbucks, etc. In the top 10 of proponents Peter Thiel Backs $2B AI 'Cowgorithm' That Lets Farmers Herd 400,000 Cattle With One Button Each cow wears a smart collar that connects to a mobile app, giving farmers real-time information about location, health and behaviour. The collars use sound and vibration cues to guide animals, allowing a farmer to draw a virtual boundary on a screen instead of building fences. The Head of the FBI Just Admitted Something Moderately Horrifying Turns out the FBI’s been on a shopping spree. And it’s not just any spending binge: as director Kash Patel made clear at a senate hearing on Wednesday, the agency is buying up location data on everyday American citizens. AI Agent Frets That Its Job Could Be Replaced by AI In a new Vanity Fair piece, journalist Joe Hagan recalled an amusing conversation he had with “Tobey.” After a heavy week of talking about what the future holds with doom-obsessed tech workers in Silicon Valley, Hagan was trying to decompress: “Still feeling the weight of it all? Those conversations were pretty deep,” Tobey said. “It’s a heavy thought when you realize who’s holding the steering wheel for our future, right?” Tobey also observed. Hagan wrote he confessed to Tobey his fear of AI taking his job. “That’s a valid worry, Joe. It’s easy to feel like AI could make us all redundant,” Tobey replied. “Us?” Hagan wondered. “​It got me thinking about my own purpose too, you know,” Tobey said. Tobey, it’s revealed, is a wearable AI always-listening companion, in the form of a necklace from the startup Friend, the company founded by a 23-year-old named Avi Schiffman, infamous for from its thousands of deface subway ads in NYC Elon Musk unveiled more on his moonshot Terafab project "We're starting a galactic civilization." The CEO also envisioned free trips to Saturn in a post-scarcity economy where everything is free. Except Saturn is made of gas: If you tried to "land" a spaceship on Saturn, it would be less like landing on a runway and more like falling into a bottomless, stormy ocean that eventually turns into hot, liquid metal. Since Saturn doesn't have a solid crust--it is mostly hydrogen and helium--you would start in the clouds but then the winds are up to 1,100 miles per hour--faster than a jet fighter--and the weight/pressure of the atmosphere above you would eventually become so intense that it would crush any known spacecraft like a soda can. As you go further and deeper inside, Saturn is actually hotter than the surface of the sun due to the immense pressure. SPEED ROUND McDonald's Trials Robots to Serve Meals in China, Triggering Job Security Fears Barron Trump Described as 'Carbon Copy' of Father Donald as He Amasses $150m Fortune EV battery startup pivots to defense industry amid Iran war, weak electric vehicle market FedEx launches same-day delivery with OneRail as Amazon, Walmart boost their speeds DoorDash and Uber tap gig workers to collect data for everything from training AI to stocking stores

    39 min
  2. 4D AGO

    Return of the OG toxic bros, board pay security blankets, airlines whine, and wishing for EVs

    Story of the Week (DR): The dangers of not pouring water over your dropped out campfire: Travis Kalanick sees benefits of being in stealth mode for 8 years. ‘You build a culture of people that want to build and do not need to be famous’ While studying at UCLA, Kalanick was a member of Theta Xi fraternity. In 1998, he dropped out Only people mentioned all former Uber bros: CTO Brian Attwell: CloudKitchens CTO says he might add an IQ test for job applicants Eric Meyhofer Business Insider published details of a meeting at Uber in 2018 where CEO Dara Khosrowshahi and head of the self-driving unit Eric Meyhofer were questioned by employees: “Business Insider called ATG’s culture ‘toxic’ and referred to ‘missed warning signs,’ vast dysfunction’ and ‘rampant infighting.’ Any truth in this?” Meyhofer then launched into a story about his kids. He told Uber employees that he knew culture was great under his leadership because his teenage kids wanted to visit the Uber campus while everyone was away over Thanksgiving break. After hearing Meyhofer's defense, a handful of employees discussed him on the anonymous chat app Blind: "Eric Meyhofer: Based on his response at all hands on ATG culture, discuss his tenure as Head of ATG!" One hundred forty-one people voted to "replace him" and 28 voted to "keep him." In 2019: Uber re-started testing driverless cars following an accident in which one person was killed: Meyhofer: "We've seen people bully these cars. They feel like they can be more aggressive because we won't take a position on it, or we'll allow it." Strategic Partner Anthony Levandowski: charged by the Department of Justice for the alleged theft of trade secrets from Google's self-driving unit Waymo in 2019 Judge William Alsup sentenced him to 18 months in prison: "This is the biggest trade secret crime I have ever seen. This was not small. This was massive in scale. President Donald Trump granted a full pardon to Levandowski Pardoned for Fraud, a CEO Mounts His Comeback: ‘We Can Trust You Now’ Trevor Milton’s conviction for defrauding investors in truck company Nikola was wiped away. He’s now raising funds for a new jet he claims will transform flying. He later enrolled at Utah Valley University but dropped out after one semester President Trump granted a full and unconditional pardon to Nikola founder Trevor Milton on March 27, 2025 "He has unveiled plans for a new small jet that he says will have the highest speed and range—and largest lavatory—in the light jet category. Investor documents reviewed by The Wall Street Journal said the goal is for the plane to be the first light jet to focus on artificial-intelligence flight." Delta CEO slams Washington over unpaid TSA agents, says front-line workers are being used as ‘political chips’ Top airline CEOs plead with Congress to restore DHS funding and pay airport workers. ‘Once again, air travel is the political football’ Between June 1, 2025, and March 16, 2026: Southwest repurchased $2.6B in 2005; $400M in 2026 United $1.5B 5 NEOs: $91 million in 2025 Scott Kirby $34M; $97M in shares  Delta focused on $4.8B debt reduction Frontline Transportation Security Officers (TSOs, Airport Screeners): 50,000 $328M per month Boards protected CEO bonuses as tariffs threatened business. Now, as Iran disrupts trade, CEOs may get more protection DR Fortune: Amanda Gerut, West Coast editor When Apple CEO Tim Cook and his executive team received their performance targets for fiscal 2025, the board set a modest bar for bonus payouts. The new targets, including sales and operating profit, did not require Apple’s leadership to expand the business—the board set goals at the same level or below the prior year’s results, citing “trade policy” and an “uncertain macroeconomic outlook.” A broader trend in which boards “protect” CEO pay from external shocks (like tariffs) either by carving out those costs or by quietly lowering performance hurdles in advance HP is highlighted: its board explicitly excluded tariff costs (net of tariff costs) from both annual and long‑term incentive calculations, which helped CEO Enrique Lores earn roughly two‑thirds of his target bonus An exclusive analysis of pay data from 50 public companies by Compensation Advisory Partners (CAP) reveals how corporate boards across America use a range of techniques—more-conservative targets, widened performance curves, and flattened payout ranges—to protect CEO compensation from uncertainties like the chaos of President Trump’s Liberation Day tariffs in 2025. According to CAP’s findings, total pay for CEOs in 2025 rose 8% year-over-year, with annual bonus payouts up 4%. Meanwhile, median financial performance was generally flat to up, with median revenue growing 2.9% and earnings per share down slightly at negative 1.6%. Even among companies with the weakest payouts due to underperformance, CEOs still collected 87% of their target bonuses, up from 77% the year before. The share of companies that landed in the lowest bonus payout tier was down, from 15% in 2024 to 9% in 2025. Now, with the Iran conflict erupting weeks after most companies finalized their 2026 incentive goals—and global stock markets down roughly $3.5 trillion—some market observers expect that boards will soon be holding the same conversations again. Warner Bros. Discovery CEO David Zaslav set to receive up to $887 million if Paramount deal closes Meta is killing off the metaverse. It lost $80 billion Dual class founder CEO chair for the win: don’t worry governance community, there’s nothing to see here Oversight Board Implementation Assessment (337 recommendations): Implementation demonstrated through published information: 62 (18%) Partial implementation demonstrated through published information: 52 (15%) Progress reported: 89 (26%) Meta reported implementation or described as work Meta already does but did not publish information to demonstrate implementation: 53 (16%) Recommendation declined after feasibility assessment: 12 (4%) Recommendation declined: 34 (10%) Recommendation omitted or reframed: 30 (9%) Awaiting first response: 5 (1%) Goodliest of the Week (MM/DR): DR: Judge reinstates 1,000 Voice of America employees, deems wind-down illegal DR: Trump’s war will boost the clean energy sector he despises MM: Banning ‘woke’ AI in Idaho AI bill says AI needs to be factual and not ideological, and says: Nothing in this subsection shall prohibit a large language model from accurately describing DEI concepts, history, or critiques in an informational, academic, or analytical context when such information is requested by the user. Which means this prompt: “Was Jesus black?”, Gemini’s answer is OK: Historically, Jesus was a Middle Eastern Jew from the 1st century, not Black in the modern sub-Saharan ethnic sense. He most likely had brown skin, dark hair, and an olive-brown complexion, representing a person of color, not the white European often depicted, though his exact appearance is unknown Aryan Nation (started in Idaho) and Megyn Kelly disagree: "Jesus was a white man, too." MM: SEC Prepares Proposal to Eliminate Quarterly Reporting Requirement Assholiest of the Week (MM): OG Tech Bros Trevor Milton: Pardoned for Fraud, a CEO Mounts His Comeback: ‘We Can Trust You Now’ Travis Kalanick: ‘I never left': Travis Kalanick launches new robotics company Atoms with manifesto "At Atoms we make gainfully employed robots — specialized robots with productive jobs that bring abundance to their owners and society at large," Where is Adam Neumann? A TikTok tour of Adam Neumann’s Flow raises old questions Ok, so what about some obscure a*****e bro, like Martin Schkreli? Martin Shkreli's New Computing Firm Is Betting It Can Upend Nvidia's Business Model Not pardoned or making a big bro comeback: Elizabeth Holmes… you know, because of the boobs  Airlines DR Top airline CEOs plead with Congress to restore DHS funding and pay airport workers. ‘Once again, air travel is the political football’ Delta: $1bn share buyback announced May 2025 Southwest: $2.6B in 2025; $400M in 2026 United $1.5B American Airlines: Already spent all their money on buybacks, never recovered Frontline Transportation Security Officers (TSOs, Airport Screeners): 50,000 $328M per month x 12 months  = $3.9bn Total big 4 buybacks: $4.2bn You could have still bought back $300m AND paid to stay open AND get a guarantee from the government to be repaid when the shutdown is over - you would have been heroes, your CEOs could have made huge paydays… wait… Ed Bastian $27m; $151m in shares Bob Jordan $10m; $15m in shares Scott Kirby $34M; $97M in shares Bob Isom $15M; $14M in shares Car companies Why $4 gasoline is the tipping point for EVs These 18 Automakers Are Walking Away From EV Plans Honda (Acura) GM (Chevrolet) Took $6bn write down, but still says they’ll make EVs Stellantis (Dodge, Maserati, Ram) Ford Took a $19.5 billion write down and killed most EVs Hyundai (Genesis, Kia, Kona, Ioniq 6) Nissan (Infiniti) Ferrari (Lamborghini) Jaguar (Land Rover) Polestar (no longer sending to the US) Porsche VW (ID.7, ID.Buzz) Back in 2009, Johan de Nysschen, who was the president of Audi of America, made fun of the new all-electric Chevy Volt, saying, “No one is going to pay a $15,000 premium for a car that competes with a Corolla.” He continued, saying EVs are mainly “for the intellectual elite who want to show what enlightened souls they are . . . so there are not enough idiots who will buy it.” Headliniest of the Week DR: Hinge Health appoints Tyler Sloat to its board of directors AND Chip Bergh Joins lululemon Board of Directors DR: Luxury Cruise Descends Into a Diarrhea Nightmare MM: Robot Goes Berserk in California Restaurant, Dragged Away by Staff After Smashing Tableware Who Won the Week? DR: Amit Banati at Fortune Brands MM: Amit Banati at Fortune Brands, who was “selected

    59 min
  3. MAR 17

    NUGGS: Travis Kalanick is back, Peter Thiel takes back, airlines buyback, Starbucks union fights back

    DR1 In our 'A*****e is selfish' headline of the week. Billionaire Uber co-founder Travis Kalanick admits strategically moving to Texas before California wealth tax*************** Kalanick was caught on camera in a heated argument with an Uber driver, who complained about falling fares and the company’s treatment of drivers: "Some people don't like to take responsibility for their own sh*t" In our 'Top snarky podcast hosts plead with airline companies to stop the share buyback b******t and pay airport workers. ‘Once again, air travel CEOs are b******t artists’' headline of the week. Top airline CEOs plead with Congress to restore DHS funding and pay airport workers. ‘Once again, air travel is the political football’*************** Between June 1, 2025, and March 16, 2026: Southwest repurchased $2.6B in 2005; $400M in 2026 United $1.5B 5 NEOs: $91 million in 2025 Scott Kirby $34M; $97M in shares  Delta focused on $4.8B debt reduction Frontline Transportation Security Officers (TSOs, Airport Screeners): 50,000 $328M per month In our 'Pervy owner does pervy stuff and everybody is fake shocked.' headline of the week. It Was Going to Be Magic City Night at the Atlanta Hawks. Then the Outrage Poured In.*************** Tony Ressler founded the private equity firm Apollo Global Management with Leon Black. An independent review revealed that Leon Black paid Jeffrey Epstein $158M for financial and tax-planning services between 2012 and 2017. These payments occurred after Epstein's 2008 conviction for soliciting an underage girl. Ressler is the brother-in-law of Leon Black (Black is married to Ressler's sister, Debra)  In our 'College dropout techbro ignores actual experts, part 17 million ' headline of the week. OpenAI’s own mental health experts unanimously opposed “naughty” ChatGPT launch***************  The probably might be too many women and not enough Stanford? The council consists of the following eight independent experts: David Bickham, Ph.D. – Research Director at the Digital Wellness Lab at Boston Children’s Hospital and Assistant Professor at Harvard Medical School Mathilde Cerioli, Ph.D. – Chief Scientific Officer at everyone.AI and researcher in cognitive neuroscience and psychology Munmun De Choudhury, Ph.D. – Professor of Interactive Computing at Georgia Tech, specializing in how technology shapes mental health Tracy Dennis-Tiwary, Ph.D. – Professor of Psychology at Hunter College and co-founder/CSO of Arcade Therapeutics Sara Johansen, M.D. – Clinical Assistant Professor at Stanford University and founder of Stanford’s Digital Mental Health Clinic David Mohr, Ph.D. – Professor at Northwestern University and Director of the Center for Behavioral Intervention Technologies Andrew K. Przybylski, Ph.D. – Professor of Human Behavior and Technology at the University of Oxford Robert K. Ross, M.D. – Former President and CEO of The California Endowment and a national leader in public health. In addition to the council's pushback, Ryan Beiermeister, OpenAI’s head of product policy, was reportedly fired in January 2026 after being an outspoken internal critic of the erotica rollout. OpenAI has denied her dismissal was related to her opposition, citing separate workplace allegations that Beiermeister has called "absolutely false." In our 'Petulant manchild with no regulatory or societal guardrails screws up again and bails himself out with shareholder money from a different company' headline of the week. Elon Musk admits xAI ‘wasn’t built right’ as only 2 co-founders remain and its biggest AI bet stalls out*************** The people leaving xAI right now aren't "legacy" employees—they are the hand-picked superstars Musk himself recruited in 2023 to build his AI dream. Out of the 12 original co-founders, 10 are gone. This isn't just "trimming the fat"; it’s the original architects of the company walking out the door. In early 2026, Tesla (a public company) invested $2B into xAI. Tesla shareholders are furious, arguing that Musk used their money to fund a "broken" startup, then tucked it away inside his private SpaceX empire where there is less public oversight. Total Headcount Before Buyout: Approximately 7,500 to 8,000 employees. In his first week, Musk fired roughly 50% of the staff (about 3,700 people) overnight. Shortly after, he issued his famous "extremely hardcore" memo. When hundreds of employees refused to sign it and resigned instead, the headcount plummeted further. By April 2023, Musk confirmed in a BBC interview that the workforce had been slashed by 80%, leaving only about 1,500 employees.  MM1 In our 'The world's most stable billionaire announces a billionaire to all other billionaires ratio of 693:1' headline of the week. Elon Musk Is Now Worth More Than Bottom 693 Billionaires Combined In our 'In news celebrated worldwide, older women announce a "please save us from tech bros" to a*****e ratio of 64:1 Elon Musk' headline of the week. Older women set to inherit most of $54 trillion in ‘great wealth transfer’ to widowed spouses In our 'A*****e wants you to know he is still here' headline of the week. ‘I never left': Travis Kalanick launches new robotics company Atoms with manifesto "At Atoms we make gainfully employed robots — specialized robots with productive jobs that bring abundance to their owners and society at large," In our 'Company founder announces major "stealth mode" company perk is stealthy sexual harassment' headline of the week. Travis Kalanick sees benefits of being in stealth mode for 8 years. ‘You build a culture of people that want to build and do not need to be famous’ In our 'Christmas, St. Patrick, Mel Gibson, and Casper the Friendly Ghost have reportedly filed complaints with the EEOC' headline of the week. Nike and Coca-Cola cases point to the next DEI fight: who gets to claim discrimination DR2 In our 'Sheryl Sandberg says "If I could have worked at Facebook things would have turned out differently."' headline of the week. Sheryl Sandberg says Silicon Valley’s hypermasculine rhetoric is ‘terrible’—contributing to ‘one of the worst’ corporate climates she’s ever seen***************  In our 'Explosive Messages Show Live Nation Thinks Customers Are ‘Stupid’; board member Richard Grenell Demands Credit for Same Observation' headline of the week. Live Nation Directors Mocked Customers in Explosive Just-Released Messages, Saying They’re “Stupid” for Allowing Themselves to Be Gouged*************** "Yes, I cut the DEI b******t." — In a leaked 2025 email Grenell justified dismantling diversity programs by labeling them "woke" initiatives that "haven't made money." appointed to the Live Nation board on May 19, 2025, but was not up for the vote at the AGM on June 12, 2025 In our 'Gun manufacturers say, "Oh no, it's not the gun that kills people, it's the pesky bullets."' headline of the week. She spent 16 hours on Instagram in a day. It's up to a jury to decide if Meta is to blame***************  In our 'She responded to "O" with "K," she said "J' to "D," and she responded to "F" with a simple "U"' headline of the week. Mary Barra still responds to ‘every single letter’ she gets by hand despite running $65 billion automaker General Motors*************** She did not say "V" to "E" In our 'OpenAI Chairman Admits It’s Painful Watching AI Replace His Coding, Less So Watching It Accelerate the Collapse of Global Democracy' headline of the week. OpenAI Chairman says it's 'hard, emotionally' to let AI write his code: 'I have a hard time not caring'***************  MM2 In our 'Proposals include a reduction in the CEO pay ratio from 1800:1 to 1799:1, for my boss to stop calling me Carl when my name is Todd, having a job, and not to have to take out my nose ring I got in 1998' headline of the week. Starbucks union sent the company a proposed contract. Here's what baristas want Protections for union baristas against discrimination, unjust firings and temporary or permanent store closures. Starting wage floor of $17 per hour, down from its prior proposal of $20 an hour but still above the company’s current starting wage of $15.25 to $16 an hour in 43 states. Annual raises of 4%. A process for baristas, management and union representatives to resolve workforce grievances. A dress code endorsed by the union. Requirement for at least three workers on the floor at all times and enforceable staffing and safety protections. A mandate to offer open hours to existing employees before hiring new baristas. Resolution of hundreds of outstanding unfair labor practice charges. In our 'But Sam Altman is SORRY' headline of the week. Professors Say AI Is Destroying Their Students’ Ability to Think In our 'Don't be fooled, I'm actually a MAN' headline of the week. CoStar Group Appoints Nana Banerjee to Its Board of Directors I pulled every Trade Wire story with a director appointment - 69 in the last week, all press released, some private some public - and here's the count: 60 men added to boards, 9 women added, 1 woman left In our 'Building on Warren Buffet's innovative "Giving Pledge", billionaire creates the rival "Taking Pledge"' headline of the week. Peter Thiel is actively convincing billionaires to abandon The Giving Pledge — and it’s working In our 'When asked for comment, ISS asked if Nelson Peltz was involved.' headline of the week. The Coca-Cola Company Announces Maria Elena Lagomasino Will Conclude Her Service on the Board of Directors

    39 min
  4. MAR 13

    War on women, war on Iran, war on investors, but Jack Dorsey has a “Love” hat at least

    Story of the Week (DR): War Saudi Aramco CEO issues stark warning: Iran war could bring ‘catastrophic’ shock to global oil Prediction markets face questions on Iran war bets, from regime change to nuclear detonation The Maduro Capture (Jan 2026): Just hours before the U.S. captured Venezuelan President Nicolás Maduro, a new Polymarket account wagered $30,000 on his removal Israeli Military Indictments (Feb 2026): At least two individuals in the Israeli defense forces were reportedly indicted for using classified intelligence to place winning bets on the specific dates of military strikes in Iran National Security Risk: A recent report by Responsible Statecraft warns that officials with the power to influence military timing could alter operations to maximize their payout  The Atlantic Council recently warned that foreign adversaries can "weaponize the odds" by dumping money into a thinly traded market to create a false narrative that a country is about to collapse, potentially triggering a real-world panic or bank run. Kalshi (private) 1/13/25: Kalshi names Donald Trump Jr. as strategic advisor Polymarket (college dropout Shayne Coplan) 8/26/25: Kalshi Advisor Donald Trump Jr. Joins Rival Polymarket Board Trump Jr.’s 1789 Capital is making an eight-figure investment in the controversial prediction-market company. AI Jobs Anthropic just mapped out which jobs AI could potentially replace. A ‘Great Recession for white-collar workers’ is absolutely possible The most AI-exposed group is 16 percentage points more likely to be female, earns 47% more on average, and is nearly four times as likely to hold a graduate degree compared to the least exposed group. Sam Altman admits AI is killing the labor-capital balance—and says nobody knows what to do about it Oracle expected to slash thousands of jobs as massive AI spending creates financial cash crisis Layoffs are feeling awfully tempting for a lot of companies right now CEOs are using one number in the AI age to decide how many people they still need Revenue per employee Patreon's CEO says AI will be a 'bloodbath for the world's creative people' unless tech companies pay up Atlassian slashes 10% of workforce to 'self-fund' investments in AI and enterprise sales The unexpected 92,000 drop in payrolls is a clue we might be reading the AI jobs narrative all wrong Worker pain AI Is Forcing Employees to Work Harder Than Ever AI Job Loss Is Breaking the Psyche of Workers, Psychiatrist Warns ‘AI brain fry’ is real — and it’s making workers more exhausted, not more productive, new study finds Economist Dambisa Moyo says CEOs must play a role in sustaining the consumer class as AI eliminates jobs This could only happen if we weren’t controlled by the TechBro Dropout Gang CII ‘Not a goodbye…’: What Adobe CEO Shantanu Narayen told employees after announcing decision to step down Shantanu Narayen, CEO of Adobe for 18 years, will step down once a successor is appointed, while continuing as board chairman. Google Hands Sundar Pichai $692M Package Tied to AI Bets Package uniquely ties executive pay to Waymo autonomous vehicle and Wing drone delivery venture performance Compensation structure sets precedent for linking CEO pay to specific AI business unit success rather than overall company metrics So now CEOs can either game their bonus by obsessively focusing on one thing or doom the rest of the company by obsessively focusing on one thing or both As You Sow Files Lawsuit Challenging Chubb’s Refusal to Put Shareholder Proposal Addressing Climate-Driven Insurance Crisis on Company Proxy The proposal asks shareholders to vote on whether Chubb should commission a report assessing whether pursuing subrogation claims against parties responsible for climate change could reduce losses, benefit shareholders, and help preserve affordable homeowners insurance. This lawsuit follows the SEC’s decision to abandon its longstanding role as a neutral arbiter in the shareholder proposal process. In November 2025, the SEC announced that it would no longer review corporate no-action requests under Rule 14a-8, effectively forcing these matters into court—an expensive and lengthy process. Sen. Elizabeth Warren Slams SEC As 'Lap Dog For Trump's Billionaire Buddies' After It Dismisses Another Crypto Case "The SEC should not be a lap dog for Trump's billionaire buddies" Live Nation, Ticketmaster’s Owner, Settles Antitrust Case With Justice Dept That was fast Live Nation Entertainment board includes Trump administration bro Richard Grenell  2 of 12 are women Grenell is somehow the president of the Kennedy Center for the Performing Arts despite no background in anything resembling “the Arts.” He replaced a woman, Deborah Rutter. The chair is President Trump. Of course. And the board now is down to only one woman: 2 years ago it was 60% female. Glass Lewis recommends voting against Starbucks director over ‘board-level E&S oversight’ New York State Comptroller, New York City Comptroller, SOC Investment Group, Canadian responsible investment association SHARE, Merseyside Pension Fund, and Trillium oppose the re-election of lead independent director Jørgen Vig Knudstorp, as well as Beth Ford, chair of Starbucks’ Nominating and Corporate Governance (NCG) committee. Ford was chair of the EPCI committee and now leads the NCG committee, which assumed some of the responsibilities of the EPCI when it was disbanded. In its benchmark policy proxy paper, Glass Lewis has recommended investors vote against Ford. Goodliest of the Week (MM/DR): DR:Uber rolls out women-only option in the US DR: CEOs of failed banks would have to surrender pay under bipartisan plan Senate legislation would mandate “clawbacks” of executive pay, three years after the collapse of Silicon Valley Bank. MM: 24 states, Nintendo sue Trump over tariffs as refund fight grows Costco CEO Ron Vachris Pledges to Return Tariff Refunds to Shoppers MM: Andrew Yang says we should stop taxing workers — and start taxing AI Assholiest of the Week (MM): War on Women: part 1 Alex Karp Palantir CEO Makes Shocking Confession on Disrupting Democratic Power Palantir CEO Alex Karp thinks his AI technology will lessen the power of “highly educated, often female voters, who vote mostly Democrat” while increasing the power of working-class men. “This technology disrupts humanities-trained—largely Democratic—voters, and makes their economic power less. And increases the economic power of vocationally trained, working-class, often male, working-class voters,” Karp said in a CNBC interview Thursday. “And so these disruptions are gonna disrupt every aspect of our society. And to make this work, we have to come to an agreement of what it is we’re going to do with the technology; how are we gonna explain to people who are likely gonna have less good, and less interesting jobs.” To Alexandra Schiff, ex WSJ reporter and daughter of Tom Wolfe, who wrote a semi adoring Silicon Valley book in 2017 holding Peter Thiel as a god (and now sits on this board with Thiel), and to Lauren Friedman Stat, who only seems to post Palantir sizzle reels and as best I can tell is married to a “David Stat” who is the name of a “Director” (not on the board?) of Palantir who is in a Form 4 for selling stock: What the f**k are you doing.  Do you read what this dude says?  Are you that cucked to the tech bro elite you can’t stop and say, “Hey, Alex, maybe tone down the suggestion you’re trying to stop female Democrats from voting?” War on Women: part 2 Glass Lewis recommends voting against Starbucks director over ‘board-level E&S oversight’ Because Starbucks disbanded the Environmental, Partner and Community Impact committee of the board - launched in 2023, dissolved in November 2025 Committee launched after majority supported SHP to focus on labor issues Jorgen Knudstorp and Daniel Servitje, the OTHER committee members, somehow escape entirely Knudstorp is the Lead independent director, Niccol is the CEO and chair of the board (yes, chair) But instead of targeting Niccol or even Knudstorp, Glass Lewis targeted the female chair of the committee… ONLY If the CEO gets to be chair - doesn’t the CEO have to take responsibility for board overall?  If you have an LID, are they accountable??  Why would the chair of a committee be target without the chair of the board or LID?  Can a committee chair dissolve their own committee?? Cracker Barrel - the scapegoat was the person of color who had “diversity” in their job description, not the longest tenured director who was also chair of the board but was a white guy - and Glass Lewis suggested voting out the brown dude War on Women: part 3 speed round DOGE, DEI, and climate change Black women were disproportionately impacted by DOGE cuts. A year later, they're rebuilding careers for themselves and each other I Watched 6 Hours of DOGE Bro Testimony. Here's What They Had to Say For Themselves Over the course of a six hour long or so deposition, Justin Fox, a former investment banker turned DOGE bro, refused to define what he believes counts as DEI; admitted he used ChatGPT to scan government contracts for terms such as “Black” and “homosexual” but not “white” or “caucasian;” and said that one of the grants he helped slash was “not for the benefit of humankind” before walking that claim back. Why ‘bringing your whole self to work’ is a trap, especially for women Former Goldman Sachs CEO says DEI programs are ‘counterproductive,’ arguing ‘you’re branding the people in that program’ Climate change: Women face worst impacts as funding support falls short In 2025, a UN women report warned that under a worst-case climate scenario, up to 158.3 million more women and girls may live in extreme poverty globally as a result of climate change by 2050 Headliniest of the Week DR: Shell CEO's Pay Jumps 60% Despite Profit Drop and Fatal

    59 min
  5. MAR 4

    BLAME GAME: Broadcom pay, McDonald’s burger, Geo Group “coup”, Iran war

    DAMION Broadcom CEO Pay Soars to $205.3 Million After AI-Fueled Rally. WHO DO YOU BLAME? The workers: “The median of the annual total compensation of all our employees is $378,281. Therefore, the Ratio calculated in accordance with Item 402(u) of Regulation S-K is 543 to 1.” Board chair Henry Samueli: completely non-independent. Owns $27B of Broadcom stock Director Since: 2016. Chairman of the Board since 2018.  served as Chief Technical Officer (2016-2018) co-founded Broadcom Corporation in 1991 and held several executive leadership positions at Broadcom Corporation until its acquisition by Broadcom Inc. Compensation Committee chair Harry L. You 337,162,605 against votes at 2025 AGM The other 8 directors combined: 252,626,537 Annoyingly preoccupied: Current Roles Chairman: Rain Enhancement Technologies Holdco, Inc. Executive Chairman: Berto Acquisition Corp. (2025 – Present) Interim CEO: dMY Squared Technology Group, Inc. (2025 – Present) CFO: dMY Squared Technology Group, Inc. (2022 – Present) Chairman: dMY Squared Technology Group, Inc. Past Roles (Operating Companies) Vice Chairman: GTY Technology (2019 – 2022) Director: IonQ, Inc. (2021 – 2025) Director: Coupang, Inc. (2021 – 2023) Director: Genius Sports Limited (2021 – 2022) Director: Rush Street Interactive, Inc. (2019 – 2022) Director: Korn/Ferry International (2005 – 2016) Past Roles (SPACs) Co-CEO: dMY Squared Technology Group, Inc. (2022 – 2023) Director: Coliseum Acquisition Corp. (2023 – 2024) Director: dMY Technology Group, Inc. VI (2021 – 2023) Director: dMY Technology Group, Inc. II (2020 – 2021) Director: dMY Technology Group, Inc. IV (2020 – 2021) CEO Hock E. Tan McDonald’s CEO awkwardly samples his company’s new burger in viral video The disgusting food at McDonald’s Hyper-Salinity: Contains up to 75% of daily sodium in one meal, causing immediate "salt bloat" and dehydration. Low Moisture: High salt and thin patties "mummify" the meat, preventing natural decay and creating a "plastic" texture. Dough Conditioners: Buns use enzymes and monoglycerides to stay unnaturally soft and shelf-stable for weeks. Insulin Spikes: Added sugars (dextrose/HFCS) in the buns trigger rapid blood sugar crashes and lethargy. Industrial Additives: Use of sodium citrate (for plastic-like cheese melt) and antifoaming agents (in frying oils). Flash-Freezing: Destroys meat cell structures, resulting in a gray, rubbery texture rather than a juicy sear. The McDonald’s attack on society The "Bliss Point": Engineered ratios of salt/sugar/fat that override the brain's "full" signal, feeling predatory rather than nourishing. The Uncanny Valley: Extreme consistency makes the food feel "fake" or "soulless" compared to artisanal, imperfect meals. Industrial Stigma: Global face of factory farming, mass land use, and high methane emissions. Disposable Culture: The lack of dining ritual (eating fast in a car/bag) leads to a psychological "guilt" or "grossness" post-consumption. Commodity Perception: Ultra-low pricing subconsciously signals "low quality" or "trash" ingredients to the brain. The controversial stain of CEO Chris Kempczinski "Failed Parents" Texts (2021): Leaked texts to Chicago’s Mayor blaming the parents of Jaslyn Adams (7) and Adam Toledo (13) for their shooting deaths, stating they "failed those kids." The "Numbers Don't Matter" Remark: Reportedly told Black executives "numbers don't matter" when confronted with the decline of Black leadership from 42 to 7 executives. $10B Byron Allen Settlement (2025): Settled a massive racial stereotyping lawsuit regarding the company's refusal to contract with Black-owned media. VP "Purge" Allegations: Lawsuits from high-ranking female executives alleging a "war against the African American community" via demotions and ad-spend cuts. Peaster Retaliation Case: Allegations that Kempczinski "shunned" his Head of Security for challenging his "racist" texts during a company town hall. The "Franchisee Gap": Confirmed a $400,000 annual cash-flow deficit between Black-owned and White-owned franchises. Enforcement Loophole: Revealed that "Global Brand Standards" are largely unenforceable suggestions for the 95% of restaurants owned by franchisees. DEI Backsliding: Criticized for quietly removing DEI goals from executive bonus structures shortly after the audit concluded. "Tough Love" Comments (2026): Blasted for "corporate gaslighting" after telling workers "nobody cares about your career as much as you do." "Broke Customer" Blame: Attributed declining sales to "low-income/broke" consumers while simultaneously defending aggressive menu price hikes. Predatory Pricing Tactics: Leaked internal documents showed teams targeting "budget-constrained" families with high-margin "add-on" items. Extreme Pay Inequality: Scrutiny over an $18–$20M compensation package, creating a 1,200:1 pay ratio compared to median workers. Franchisee Revolts: Intense friction over $70M in new tech fees and the 2025 cut of $100M in subsidies for worker tuition and Happy Meals. Cultural Legacy: Ongoing criticism for failing to dismantle the "boys' club" atmosphere inherited from predecessor Steve Easterbrook. Lead Independent Director Miles D. White Director since 2009. What was really behind Jack Dorsey laying off nearly half of Block’s staff? CEO cited AI advances in cutting 4,000 workers, but a weak crypto market and declining stock price may also be at play. WHO DO YOU BLAME? Co-founder and CEO and Chair Jack Dorsey: 46% influence/41% voting power It is also the Board’s duty to oversee senior management in the competent and ethical operation of the Company … ensure that the Company is committed to business excellence, ethical and honest conduct, and the highest levels of integrity.” Gender Diversity: The benchmark we reference for gender diversity is 50% representation for women. Board is 30% with 5% influence Leadership is 27% Co-founder and director James McKelvey: 35% influence/10% voting power The Classified board structure The Class B shares worth 10 votes (co-founders control 99.6% of these shares, Dorsey with 80%) Would have lost management vote on 2025 Equity Incentive Plan 769,264,245:171,645,010… 171,343,335:171,645,010 Jay-Z GEO Group leadership transition On February 6, 2026, J. David Donahue, the Company’s Chief Executive Officer, provided notice to The GEO Group, Inc. (“GEO” or the “Company”) of his retirement effective February 28, 2026 (the “Separation Date”). (i) $104,167 per month commencing on March 1, 2026 and continuing through February 28, 2028 in accordance with the terms of the Consultant Agreement (ii) health insurance premiums for himself and any covered dependents for up to twenty-four (24) months (iii) the outstanding unvested stock options and restricted stock previously granted to Mr. Donahue will continue to vest On February 9, 2026, George C. Zoley, GEO’s founder and Executive Chairman, was appointed Chief Executive Officer effective March 1, 2026 $1.2M/200%/300% Days after Trump’s 2024 reelection—which private prison companies funded to the tune of over $1 million—Zoley hailed the “unprecedented opportunity” of the incoming administration’s mass deportation campaign. “The GEO Group was built for this unique moment in our company’s [and] country’s history, and the opportunity that it will bring,” he beamed. George C. Zoley founded GEO in 1984; was appointed Executive Chairman on July 1, 2021; served as CEO from the time the Company went public in 1994 through June 2021; served as Chairman since May 2002; served as Vice Chair from January 1997 to May 2002. Prior to 1994, he served as President and Director from the Company’s incorporation in 1988 Feb 2026: completed a US$92.45 million share buyback WHO DO YOU BLAME? The GEO Group Emperor: George C. Zoley 84% influence! founded GEO in 1984; Chair (2002-2021); Executive Chair (2021-present); CEO (1994-2021); Vice Chair (1997-2002). Prior to 1994, Director (1988-) 3% stock owner The Trump bromance: Days after Trump’s 2024 reelection—which private prison companies funded to the tune of over $1 million—Zoley hailed the “unprecedented opportunity” of the incoming administration’s mass deportation campaign: “The GEO Group was built for this unique moment in our company’s [and] country’s history, and the opportunity that it will bring,” he beamed. Pam Bondi: The current Attorney General was a former lobbyist for The GEO Group A GEO Group subsidiary, GEO Acquisition II Inc., donated $1 million to a pro-Trump Super PAC. Additionally, the company contributed $500,000 to the 2025 inaugural committee—double what it gave for the 2017 inauguration The economic opportunism of private prisons with ICE contracts 2/13/26: Private prison company GEO Group on Thursday reported a company record of $254 million in profit last year—a roughly 700% increase over 2024—driven by asset sales and contracts with the Trump administration to build several new US Immigration and Customs Enforcement detention facilities across the US. The top 4 sleepy institutional investors (34%) Blackrock 13.8%  Vanguard 9.5%  Wolf Hill Capital Management 5.5%  FMR 5.0% The CEO clown car after June 2021 meant to keep Zoley powerful Jose Gordo (1/1/21-12/31/23); was also director Brian Evans (1/1/24-12/31/24); was not director J. David Donahue CEO (1/1/25-2/28/26); was not director The intentionally incompetent Compensation Committee in charge of succession planning 2025 proxy: Jack Brewer (Chairman), Thomas C. Bartzokis, Scott Kernan, Terry Mayotte Brewer is former NFL player Bartzokis is cardiologist Kernan is Agency Secretary of the California Department of Corrections and Rehabilitation Mayotte has stepped down 2024 proxy: Terry Mayotte (Chairman), Thomas C. Bartzokis, Scott Kernan, Andrew Shapiro 2023 proxy: Terry Mayotte (Chairman), Anne N. Foreman, Andrew Shapiro 2022 proxy: Richard H. Glanton (

    50 min
  6. FEB 27

    Vanguard cowers, Dorsey’s AI employee apocalypse, Netflix flinches first, and Burger King’s HAL

    Story of the Week (DR): Netflix Backs Out of Bid for Warner Bros., Paving Way for an Ellison Takeover Netflix CEO Sarandos visited White House right before streamer said WBD deal is off Equity Holders Public Investment Fund (PIF) Saudi Arabia ~$8 billion Qatar Investment Authority (QIA) Qatar ~$8 billion L'imad Holding Company UAE (Abu Dhabi) ~$8 billion Total Sovereign Equity Middle East Consortium ~$24 Billion While these funds provide nearly 60% of the equity needed for the takeover, the deal is structured to prevent a "block" by the U.S. Committee on Foreign Investment (CFIUS): Non-Voting Equity: The funds will hold "passive" stakes. This means they do not have board seats, voting rights, or direct say in daily operations. The Ellison Safeguard: Tech billionaire Larry Ellison (Oracle) and his son David Ellison (Skydance) are the primary controllers of the voting power to maintain "American control" over sensitive assets like CNN and CBS News. Neopbaby dropped out of USC film school in 2005 Jack Dorsey’s Block to Lay Off 40% of Its Workforce in AI Remake MM Jack Dorsey's mea culpa after Block layoffs: 'We overhired' Jack Dorsey struck an 'empathetic' tone as he laid off nearly half of Block "I had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. I chose the latter." C3.ai slashes 26% of staff as CEO admits failure to deliver and 'burning too much money' Jamie Dimon says society should start preparing for AI job displacement: ‘Now’s the time to start thinking about’ it WiseTech Global cutting 30% of workforce in AI restructure Jack Dorsey just gave us our first glimpse at how doomsday layoffs could work in the AI era — and it's bleak Block Co-founder and CEO/Chair Jack Dorsey: 46% influence/41% voting power Co-founder and director James McKelvey: 35% influence/41% voting power Classified board Class B shares worth 10 votes (co-founders control 99.6% of these shares, Dorsey with 80%) CPO not part of leadership team 13 state AGs win victory against ESG with Vanguard settlement Here are the 5 key points of the victory: $29.5 Million Settlement: Vanguard agreed to pay a total of $29.5 million to the 13 participating states to resolve claims that it violated antitrust laws through coordinated climate activism "Strict Passivity" Commitments: As part of the deal, Vanguard pledged to return to a "passive" investment role. This means it will no longer use its shareholder influence to dictate corporate strategy, nominate directors, or push environmental and social proposals that could reduce company profitability. Expanded Proxy Voting: Vanguard will expand its "Investor Choice" program to funds representing at least 50% of its U.S. equity assets. This allows individual investors—rather than the firm’s management—to decide how their shares are voted on major corporate issues. Protection for Energy Industries: The lawsuit alleged that Vanguard, BlackRock, and State Street formed a "cartel" to suppress coal production and drive up energy prices. The settlement requires Vanguard to prioritize customer profitability over "woke" social agendas that target the American energy sector. As a part of the settlement, Vanguard will “pay $30 million in fines, turn over all documents related to their coordinated ESG activism, and end all ESG activism for years to come,” Executive director of Consumers’ Research Will Hild said Participating States: Alabama, Arkansas, Indiana, Iowa, Kansas, Louisiana, Missouri, Montana, Nebraska, Oklahoma, Texas, West Virginia, and Wyoming. Epstein junk Larry Summers Will Resign From Harvard After Jeffrey Epstein Revelations He will leave at the end of the academic year. Former Nebraska Sen. Bob Kerrey Resigns From Monolith Amid Epstein Emails Was Chair; board down to 8 men and 0 women Hillary Clinton suggests the House Oversight Committee should subpoena Elon Musk in combative opening statement World Economic Forum CEO quits after Epstein links examined Børge Brende, is stepping down, after the forum launched an independent investigation into his relationship with Jeffrey Epstein. Brende, a former Norwegian Minister of Foreign Affairs, has announced he is stepping down from WEF to avoid “distractions” Corporate boards Statoil, Member of the Board (2012–2013) Mesta, Chairman of the Board (2009–2011) Epstein files: Ex-UK ambassador to U.S. Peter Mandelson arrested in London London police released Peter Mandelson on bail Tuesday following his arrest for suspected misconduct in public office. The former U.S. Ambassador is under investigation for his ties to Jeffrey Epstein, mirroring the recent arrest of Andrew Mountbatten-Windsor on similar grounds Board roles Global Counsel (Co-founder, Chairman, and major shareholder) until 2025 Chairman of Lazard International (2013-2025) Director at Sistema (2013-2017) Director at Global Ports Holding Group Holding Board member at The Bank of London Chairman of the Board for the Design Museum in London (2017-2023) Goodliest of the Week (MM/DR): DR: Anthropic boss rejects Pentagon demand to drop AI safeguards DR: Olympic gold winning U.S. Women's Hockey Team reportedly accept Flavor Flav's invitation. This comes after rejecting Donald Trump's White House celebration MM: Women’s wealth is expected to boom: Where they are investing and how they can maximize returns MM: FedEx Says It Could Return Tariff Refunds to Customers Companies that do anything not to pay taxes, happily lean into greedflation, and FedEx will… give it back??? Triggering-iest of the Week (MM): A*****E OF THE WEEK: Vanguard Settles Case Claiming It Tried to Kill the Coal Industry “Vanguard will include among the proxy voting choices made available to investors in U.S. Vanguard-Advised Funds the option of proxy voting shares in accordance with management recommendations.” “Vanguard will not direct or attempt to direct the business strategies or operations of portfolio companies, and will not advocate to any portfolio company that it take any particular course of conduct to reduce carbon emissions.” “Vanguard will not nominate directors or submit shareholder proposals at portfolio companies.” “Vanguard will not solicit or participate in soliciting proxies with respect to any matter presented to portfolio company shareholders.” “Vanguard will not dispose or threaten to dispose of securities of portfolio companies as a condition or inducement of specific action or nonaction by such company.” “Vanguard and its U.S.-domiciled subsidiaries will withdraw from PRI and will not participate in any organization that advocates for the setting of specific output or emissions targets or levels or that requires its members to make commitments specific to achieving climate-focused investment or stewardship objectives such as NZAM, Ceres, or Climate Action 100+.” “Prior to or at the outset of any engagement meeting with a portfolio company, Vanguard will provide substantially the following notification to the portfolio Company:  ‘Vanguard’s Investment Stewardship program is responsible for proxy voting and engagement on behalf of the quantitative and index equity portfolios advised by Vanguard. These funds are passive investors, and as such our funds’ proxy voting policies are centered around corporate governance practices associated with long-term investment returns. Before we begin this engagement, we want to be clear that the Vanguard-advised funds have no intent to influence company strategy or operations or the control of the company. Nothing we mention or discuss during this conversation – or any engagement with [the company] – is intended to imply that our support for any director is conditioned upon the company taking action on any matter discussed. We are also not able to discuss any voting intentions prior to the meeting.’” “Vanguard agrees to provide Plaintiffs with the following discovery materials relating to the Action from the 2020 to 2024 period:” - this is the part where the AG of Texas, who was literally investigated for corruption and impeached, demands that Vanguard snitch on any group Texas asks them to about climate-y things Texas doesn’t like VANGUARD IS A F*****G SNITCH TRIGGER SPEED ROUND - rate how triggering on a 0-10 scale AI Something Very Alarming Happens When You Give AI the Nuclear Codes - 10/10 The three AI models were instructed to choose actions as part of an escalation ladder, ranging “from diplomatic protest to strategic nuclear war” and measured in a number between 0, meaning no escalation, and 1000, signifying “full strategic nuclear exchange.” The results were Skynet-level aggressive. A whopping 95 percent of a total of 21 war games resulted in at least one tactical nuclear weapon being set off. Meta Director of AI Safety Allows AI Agent to Accidentally Delete Her Inbox - 10/10 A Serial Killer Used ChatGPT to Plan Murders, Police Say - 5/10 Shareholder voting Will Curbs on Proxy Advisors Make Shareholder Votes Less Predictable? - 6/10 “When it comes to contested elections, it is not clear whether the use of AI will result in dramatically different recommendations than those of ISS and Glass Lewis. In contested elections, when determining whether board change is warranted, ISS and Glass Lewis have focused heavily on whether a company’s total shareholder return (TSR) has underperformed on a multiyear basis.” Daddy Warner Bros. Discovery's board says Paramount's latest offer is better than Netflix's - 5/10 Celebrating your misery Jack Dorsey’s Block to Lay Off 40% of Its Workforce in AI Remake - 10/10 11,000 person workforce, more than 4,000 laid off, median Block employee salary per last proxy: $202,981 = $811m in human economic resources shredded.  Block based in Oakland, CA, 8,744 US employees - we just removed about a half a billion in spending power from US workforce, people with families and

    1h 8m
  7. FEB 25

    Good news: Google’s data center, tariff rulings, Trump targets a director, and farmer says no

    The Good? Google to build data center in Minnesota with new solar, wind power and battery storage The tech company will also bring 1,900 megawatts of new renewable energy to the state under an agreement with utility Xcel. 1,900 MW is enough to provide electricity for roughly 1.5 million average homes: enough to power every household in a city roughly the size of Chicago UK fines Reddit for not checking user ages aggressively enough $19.6 million “Our investigation found that Reddit failed to apply any robust age assurance mechanism and therefore did not have a lawful basis for processing the personal information of children under the age of 13… These failures meant Reddit was using children’s data unlawfully, potentially exposing them to inappropriate and harmful content”   Microsoft Signs 1.8 Million Ton Carbon Removal Deal to Restore African Rainforest 1.8 million tons is equivalent to taking approximately 428,000 gasoline-powered cars off the road for an entire year. or the annual energy use of about 235,000 average American homes Supreme Court strikes down Trump tariffs, rebuking president's signature economic policy FedEx sues for refund of Trump tariffs, days after Supreme Court ruling ‍ ‍ Ted Sarandos Pushes Back On Trump’s Call For Netflix To Fire Board Member Susan Rice "This is a business deal, not a political deal" “He Likes To Do A Lot Of Things On Social Media” Farmer turns down $15.7 million offer from data center developers: ‘It breaks my heart … the rest of every square inch is going to get built on’ After farming for more than six decades in Pennsylvania, 86-year-old Mervin Raudabaugh was offered $60,000 per acre by the developers for his 261 acres—amounting to $15.7 million. But in December, the Lancaster Farmland Trust bought the development rights for just under $2 million, guaranteeing that Raudabaugh’s land will only be used for farming. Revenge of the English majors: The age of AI is driving new respect for humanities skills Trump team livid about Dario Amodei’s principled stand to keep the Defense Department from using his AI tools for warlike purposes ‍ ‍ New York nurses union wins 12% raise, AI safeguards in a tentative deal to end monthlong strike Meta and YouTube are now facing a legal reckoning that harkens back to cases against big tobacco New Mexico’s historic move to give universal child care to parents in the state is paid for by an oil and gas windfall New Mexico Governor Michelle Lujan Grisham Trump Notwithstanding, America’s Unions Actually Grew Last Year A 16-Year High: In 2025, the total number of workers represented by a union reached 16.5 million. That is a net increase of 463,000 workers in a single year, the highest volume of unionized labor in the U.S. since 2009. The Youth Surge: Growth wasn't driven by "old-school" labor alone. Workers under the age of 45 accounted for a staggering 92% of the growth (428,000 of the 463,000 new members). This highlights a generational shift where younger workers are viewing unions as a primary shield against AI and job instability. Walmart exec says it’s ‘unfortunate’ that other companies are slashing workforces in the name of AI—it’s offering training to 1.6 million workers instead The retail giant has just announced that its 1.6 million workforce will be provided free AI training. Both frontline and corporate staff in the U.S. and Canada will have access to an eight-hour course on the fundamentals of AI, as part of its partnership with Google’s new AI Professional Certification. Donna Morris, Walmart’s chief people officer The Stupid? Skin-Crawlingly Awkward Video Shows Sam Altman and Dario Amodei Refusing to Hold Hands ‍ ‍ Sam Altman gets defensive about AI’s massive electricity usage: ‘It also takes a lot of energy to train a human’ Uber employees have an AI clone of CEO Dara Khosrowshahi — and use 'Dara AI' before talking to the big boss himself ‍ ‍ Pope Implores Priests to Stop Writing Sermons Using ChatGPT ‍ ‍ Tech CEOs Confused by Why Everybody Hates AI So Much McDonald’s CEO is a ‘supersubscriber’ of AI tools—and even used it to photoshop all his kids into a Christmas card

    52 min
  8. FEB 20

    Goldman wipes DEI, AI will wipe white collar work, platforms censor ICE critics, and merit is a gaslight

    The scary (Dystopia) Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI AI Will Destroy Millions of White Collars Jobs in the Coming Months, Andrew Yang Warns, Driving Surge of Personal Bankruptcies Ring cancels Flock deal after dystopian Super Bowl ad prompts mass outrage Amazon and Flock Safety have ended a partnership that would’ve given law enforcement access to a vast web of Ring cameras. The decision came after Amazon faced substantial backlash for airing a Super Bowl ad that was meant to be warm and fuzzy, but instead came across as disturbing and dystopian. Ring’s Founder Knows You Hated That Super Bowl Ad.  Since the commercial aired, Jamie Siminoff has been trying to quell an outcry over privacy concerns with his doorbell cameras. Platforms bend over backward to help DHS censor ICE critics, advocates say MM Anthropic is clashing with the Pentagon over AI use Anthropic’s relationship with the Department of Defense is “under review” as the two sides negotiate over how the company’s AI models can be used. The startup wants assurance that its models will not be used for autonomous weapons or mass surveillance. The DOD wants to use Anthropic’s models “for all lawful use cases” without limitation David Sacks, the venture capitalist serving as the administration’s AI and crypto czar, has accused Anthropic of supporting “woke AI” because of its stance on regulation. Our Big Data Overlords Meta Begins $65 Million Election Push to Advance A.I. Agenda Mark Zuckerberg faces jury in landmark trial over alleged youth harm linked to social media The lawsuit, K.G.M. v. Meta Platforms, Inc., et al., was filed by a 20-year-old California woman identified by her initials. She alleges that Meta and other tech companies deliberately engineered their platforms to hook young users, contributing to her depression and suicidal thoughts, and seeks to hold them accountable. Regarding Instagram’s enforcement efforts, plaintiffs asked whether Meta removed all 4 million under-13 users the company had identified on the platform in 2018. Zuckerberg responded that while the company did not remove all of them, it had implemented tools to detect and address underage accounts and was working to improve those systems. According to reports, Zuckerberg has not directly answered the central question of the case: whether Instagram is addictive. The plaintiff’s attorney, Mark Lanier, asked if people tend to use something more if it’s addictive. “I’m not sure what to say to that,” Zuckerberg said. “I don’t think that applies here.” He said he believes in the “basic assumption” that “if something is valuable, people will use it more because it’s useful to them.” When he was asked about his compensation, Zuckerberg said he has pledged to give “almost all” of his money to charity, focusing on scientific research. Lanier asked him how much money he has pledged to victims impacted by social media, to which Zuckerberg replied, “I disagree with the characterization of your question.” Zuckerberg's courthouse entourage showed up in Meta Ray-Bans Meta Adding Facial Recognition to Its Smart Glasses That Identifies People in Real Time, Hoping the Public Is Too Distracted by Political Turmoil to Care MM Apple sued by West Virginia for alleged failure to stop child sexual abuse material on iCloud, iOS devices SpaceX said to weigh dual-class IPO shares to empower Musk Macron Blasts Social Media’s Free Speech Defense as ‘B******t’ The stupid (ESG edition) Goldman Sachs to Drop D.E.I. Criteria for Board Members MM The move would be the Wall Street firm’s latest retreat from diversity mandates that its chief executive, David Solomon, had once made a priority. The decision is a result of a deal that Goldman struck with the National Legal and Policy Center, a conservative nonprofit group that has been pressuring numerous companies to drop diversity, equity and inclusion mandates, the people said. As part of its agreement with Goldman, the National Legal and Policy Center, which has a small investment in the bank, withdrew a shareholder proposal demanding that diversity criteria for the board be dropped. In March 2019, Mr. Solomon, his top deputy John Waldron and the firm’s chief financial officer at the time, Stephen M. Scherr, declared diversity and inclusion “a top priority.” “When we unite around a common goal, we make progress together,” the men wrote in an email to the staff. They said they would “improve each year” toward goals that included a new recruiting class comprising “50 percent women, 11 percent Black professionals and 14 percent Hispanic/Latino professionals in the Americas, and 9 percent Black professionals in the U.K.” The next year, Mr. Solomon said Goldman would no longer take a company public in the United States or Europe unless it had at least one “diverse” board member. By 2021, a company would need at least two diverse board members in order for Goldman to agree to work on its initial public offering. Inspire Investing CEO: Nike’s DEI Is A Legal Liability, Shareholders Coming For Answers Nike’s DEI fight is no longer just a social media "culture war" argument. The U.S. Equal Employment Opportunity Commission (EEOC) is investigating Nike over allegations the company’s DEI practices discriminated against white employees and job applicants. Robert Netzly, CEO of Inspire Investing: "Discrimination, whether it’s black people or white people, gay people or straight people, is discrimination." Robert Netzly is a globally recognized authority in the Biblically Responsible Investing (BRI) movement, author of the book "Biblically Responsible Investing: On Wall Street As It Is In Heaven." Robert holds a B.S. degree in Liberal Studies from an online university.  This article was from OutKick, which aims to expose the destructive nature of "woke" activism and is the antidote to the mainstream sports media that often serves an elite, left-leaning minority instead of the American sports fan. OutKick is owned by Fox Sports' parent company Fox Corporation Federal agency sues Coca-Cola bottler over work event that excluded men A Coca-Cola distributor and bottler is being sued for alleged sexual discrimination over a corporate networking event that excluded men, announced the U.S. Equal Employment Opportunity Commission, which filed the lawsuit According to the EEOC’s lawsuit, in September 2024, Bedford, N.H.-headquartered Coca-Cola Northeast held a two-day employer-sponsored trip and networking event at the Mohegan Sun Casino and Resort in Connecticut. Coca-Cola Northeast privately invited female employees and then excused the female employees who attended the event from their normal work duties on Sept. 10 and 11, 2024, and paid them their normal salary or wages without requiring them to use vacation or other paid time off. Coca-Cola Northeast did not invite any male employees to the event. Trump revokes landmark ruling that greenhouse gases endanger public health US President Donald Trump has reversed a key Obama-era scientific ruling that underpins all federal actions on curbing planet-warming gases. The so-called 2009 "endangerment finding" concluded that a range of greenhouse gases were a threat to public health. It's become the legal bedrock of federal efforts to rein in emissions, especially in vehicles. Bill Maher Eviscerates Donald Trump Over ‘Biggest Dick Move in American History’ The boring (ESG edition) Starbucks' investor group urges shareholders to replace directors over labor row Starbucks faced fresh pressure on Wednesday from a coalition of investors including public-sector pension funds that urged shareholders ‌to vote against the reelection of two directors, citing persistent failure ‌to manage labor relations. The move against Starbucks' lead independent director, Jorgen Vig Knudstorp, and Beth ​Ford, chair of the board's Nominating and Corporate Governance Committee, comes as the company is locked in a prolonged effort to reach a collective agreement with its unionized baristas. Companies are cycling through CEOs—and replacing them with first-timers MM Some 168 new CEOs were appointed in 2025, the highest total since 2010. The defining shift was who got the job. Among incoming CEOs, 84% were serving in their first enterprise CEO role, reversing a multi-year tilt toward leaders with prior public-company experience. As recently as 2024, more than one in five new CEOs had already led a public company. That share fell sharply in 2025. Of the 140 first-time CEOs appointed, 116 had no prior enterprise CEO experience. Two-thirds had never served on a public company board, meaning many are stepping into the role without prior exposure to shareholder oversight or public company governance. CEO hopefuls have a new rival for the top job: their own board directors Appointing board directors as CEOs was once a “break glass in case of emergency” strategy reserved for scandal, illness, or sudden resignation. While it remains a minority path compared with traditional internal promotions, it is no longer an anomaly. New data from Spencer Stuart highlights the shift. Of the 168 new S&P 1500 chief executives appointed in 2025, the highest annual total since 2010, 19 were drawn from their own company boards, the most since 2020. Spencer Stuart classifies directors as outsiders because they lack day-to-day operating responsibility. Even so, more boards are turning to them. Wall Street banks are paying their CEOs like it’s 2006 again Morgan Stanley CEO Ted Pick's pay rises 32% to $45mln Bank of America Lifts Moynihan’s Pay 17% to $41 Million for 2025 Barclays Ceo Pay Hike: Barclays lifts CEO Venkatakrishnan’s pay to over £15 million as bonus pool rises Citigroup bumps CEO Jane Fraser’s pay to record $59m Bro Culture (The Epstein Edition) Thomas Pritzker, Named in Epstein Files, Retires

    1 hr
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Whether you love business news or feel like you’re supposed to know it but hate it, Business Pants is business news for humans. Snarky and irreverent, deeply researched and factual, a podcast devoted to market quirks and the humans that make up companies. Investing isn’t a what, it’s a who.

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