IntroductionLIVE from your ESG smokeless peach pit, it’s a Business Pants Friday Show here at September 20th Lane Studios, featuring ONE of your favorites: AnalystHole-man Matt Moscardi. On today’s weekly wrap up: Nike goes Back to the Future, Chief Kneeler Jamie Dimon yells at young people, Evil Tech CEOs continue to be, um, evil, and directors who love a free ride Today’s show is brought to you by freefloatanalytics.com - everything you ever wanted to know about who runs public companies, all free.Story of the Week (DR):Nike CEO John Donahoe is out, replaced by company veteran Elliott HillHill retired from Nike in 2020 after a long career with the company, but the board and Executive Chair Mark Parker asked him to come back, citing their many years of working togetherNike co-founder Phil Knight said that he: “couldn’t be more excited to welcome Elliott back to the team” and that “We’ve got a lot of work to do but I’m looking forward to seeing Nike back on its pace.”Nike welcomes new CEO with $27 million payday23andMe’s independent board directors resign MMIn response the CEO said in an SEC filing: “I am surprised and disappointed… We will immediately begin identifying independent directors to join the board.”Masimo CEO Joe Kiani ousted from board after proxy fight; Politan wins two seatsSingle class; 9%Federal Reserve cuts US interest rates for the first time in four yearsGoodliest of the Week (MM, pretending to be AB):Tyson Foods Sued Over Emissions Reduction Promises DRTucker Carlson plans to start a nicotine-pouch company after deciding Zyn is ‘not a brand for men’He “joked” on a podcast it’d make your genitals “enhanced”The company (owned by Philip Morris) put out a statement saying “nope”He said “you’re a bunch of liberal drones” and that they donated to Kamala and they’re good for “your girlfriend or something” because it starts with ZThey do not donate to Kamala, they donate more to GOPJamie Dimon tells Gen Z to stop wasting its time on TikTok and read books insteadCleanup Group Says It's on Track to Eliminate the Great Pacific Garbage PatchExhausting-est of the Week (DR, pretending to be JS):Secret Service Probing Musk’s Post About Threats to Biden and HarrisGOP 'woke week' advances package of anti-ESG billsF.T.C. Study Finds ‘Vast Surveillance’ of Social Media Users DRMeta, YouTube and other sites collected more data than most users realized, a new report by the Federal Trade Commission finds.The Federal Trade Commission said on Thursday it found that several social media and streaming services engaged in a “vast surveillance” of consumers, including minors, collecting and sharing more personal information than most users realized.Due to AI fakes, the “deep doubt” era is hereBillionaire Larry Ellison says a vast AI-fueled surveillance system can ensure 'citizens will be on their best behavior'Sam Altman may be in his villain era, but no one seems to careAssholiest of the Week (MM):Data:We have access to 10,429 companies in the Free Float Analytics database4,565 of them are tagged as “Totalitarian” companies - companies where a single person (founder or founders, controlled companies, dual class) owns the majority of influenceThose boards have 19,872 directors that are wholly independent - not family, executives, or insidersThe number of those directors that quit in protest of the fact that the founders do whatever they want: 0… UNTIL YESTERDAYSo here’s a short list of assholes who have way more reason to quit:Robin Washington - on TWO Totalitarian boards (Salesforce, Alphabet)Brad Smith - on TWO Totalitarian boards (Netflix, Amazon)MetaMarc AndreessenAndrew HoustonTracey TravisPeggy AlfordTony XuRobert KimmittNancy KilleferJohn ArnoldOracleAwo AbloBruce ChizenGeorge ConradesJeffrey BergLeon PanettaMichael BoskinNaomi SeligmanRona FairheadWick MoormanWilliam ParrettTeslaJoe GebbiaKathleen Wilson-ThompsonRobyn DenholmFull list available as a data drop!Bonus asshole - do you think he fucking matters? Republican lawmakers issues warnings about ‘far-left’ Facebook board billionaire John ArnoldDataHigh school only graduates are twice as likely to be unemployed as college graduates.Typical earnings for bachelor’s degree holders are $40,500 or 86 percent higher than those whose highest degree is a high school diploma.Median lifetime earnings are $1.2 million higher for bachelor’s degree holders.Even when adjusting for sociodemographic data, graduating college is a big fucking dealAsshole: Sam Altman and the “whatever dude, just BE a billionaire and it’s cool” college dropoutsSam Altman tells high schoolers dropping out of college wasn’t a big dealDataRoll back ESG To Increase Retirement Earnings Act or the RETIRE Act DRThe guy who wrote/sponsored the bill - Rick Allen of Georgia - also happily tried to amend the constitution to ban gay marriage (his argument was a bible passage, and said anyone who votes...
