Walmart’s award, E.L.F.’s award, and the real top 100 methodology

All right. I mean, I'm tired again. It's supposed to bring energy. I was up alive from an ESG scented. 100% cotton, unisex onesie. Whoo, I like that. Wow, it's an all-new terrific. Tuesday edition of business pants, joined by analysts whole map mascara. That's why you're here. You're here for Matt mascara on today's auntie, auntie D E. I love Fest called December 17th. 2024, random ESG headlines the eye care about because somebody has to care about something. And changing the methodology for Fortune 100 most powerful executive list or something. That's what Matt's up to, that's something nerdy. How come you don't make mine sound that sexy? Like I ran out of energy, you promised me that we're gonna start recording a half hour ago? So I timed my coffee for that and now I'm already on the downswing. Well, I, you know, I'm a busy guy. I'm busy like that. Everybody wants to buy accountability from free flow analytics.com. Speaking of which, our show today is being sponsored by free flow analytics.com. The only form measuring board power connections and performance for free. And yes, there's very much a free element to our all of our data, but of course, There are executive packages available, right? Matt Yeah, well, there's the there's the free data, right? And then free flow analytics. Actually they have like a massive historical data set. They have knowledge, like, you know, if you're looking at a skills Matrix, what century are you from? Like, not gonna get our, get the knowledge map. That's actually not gonna get that on the website. That isn't free. That's that's that's that's all like behind the firewall because it's so large and difficult and unwieldy expert analysis. But did you see my seamless transition, there aren't you impressed with my seamless transition, you're not impressed. Well, let's, let's seamlessly transition to the random headlines that you pulled. What is my music? Oh, it's that Should you have your own theme song? I guess that's it. According to you, I like how it's like something. That triggers me something like oddly patriotic. That makes me feel weird. And then it's, it's like a raspberry sound, right? It's like, yeah, it's a really digging at me. It's what you're doing. Yeah, the whole thing is kind of a troll. That's right. Here we go. These are just things have stuck out to me in the last few days just because I don't want to give up talk about Walmart because you know how, you know how news Works in our world, right? You talk about it for five seconds and then it's over. I'm not that kind of guy. I like to hammer things to death. Okay, good. Just because the horses dead doesn't mean I'm gonna keep kicking it. I'm gonna keep kicking it. I'm gonna kick it right in the shin, all four shins, all four Shins, So here's the headline that triggered me. Walmart is the 2024 Yahoo finance company of the Year. First of all, who do that? Yeah. Yahoo finance was giving awards for company of the year. Who needs this. First of all, I mean, who asked for this? Who wants this? Committee of Yahoo finance, editorial leaders. Okay back up yeah Yahoo finance is editorial leaders and they have a community selected Walmart because of its strong year of sales and profits. Blah, blah blah. But one of the unknowns they mentioned is the impact of Walmart's November 26th decision to scale. Back its Dei work amid right wing pressure, right? So, what they're basically saying is that we didn't, I guess we didn't know this was going to happen. We picked up before this and oh, really, okay. In fact, They called Walmart's Chief people officer Donna Morris to weigh in, on this decision. They called her an early December. And she said, she defended the company's choice to roll back. The I saying, we are the exact same company today as we were last week, and we will continue to be the same company, oh, which is not. Okay, I'm gonna just start here, not technically true, right? All right. You can't roll back, all those initiatives. Stop funding uh no Pride parades or yeah? No wait a minute. Yes it is technically true. Walmart is a dual-class company owned by the Walton family. That part is true, and the Walton family retains control. They still retained control. That's the company is still a fake public company. Not really public. It's fake public, she is not lying. They are the exact same company. They just don't do the exact same things. They did. I was, I wasn't even gonna get into that, Yahoo finance, but you're leaders, your Committee of editorial leaders. You really should not be picking a company where the shareholders have absolutely no say over, right? I mean it's not a balanced company but it didn't say it was the public companies of the year. It said that's the implication. She also said, we act with Integrity, we strive for excellence, there's that Excellence word again, Excellence. I don't know where that come from vivac ramaswamy. Ex, who started this campaign? Is this before that? Yeah, weird Excellence things, which is Code for white people, I guess, right? It's good for what is, right? Because Excellence is the, it's the term. It's the synonym of the meritocracy, and the meritocracy is code for your only hiring women and people of color. Not because they're excellent, but because there's some kind of mandate to hire them, right? Yeah, that's where we got into this weird thing. She said, Our, our values are absolutely not changing. The specific initiatives or terms they change over time. So she just, you know, exchange? Yeah, I kind of agree with this. Okay. Like look loud, if you rolled back your Dei claims, right? Like I would say that the claims were disingenuous in the first place. Your values. Actually haven't changed actually. Now, you're showing us your real real. That's okay, right? Isn't that true? So you're playing chess with this statement. She also said this, I love this part. When you talk about diversity, Equity inclusion, all in part. There can be communities and often the largest communities that step back and say, geez, I'm not sure if I'm even actually included. She said, this is oh she actually said this. Oh wait I did, I don't I think what she's saying the largest community is the is that the white male straight game? Yeah. There we go. Yeah, she just said that. When we talk about Dei, we left out the white people. But why? But part of d e, i is just equity and inclusion in general. So why does that leave out? Okay. White people, I don't feel left out of that. In fact, I feel very much included. Right, I don't understand. Help me out here. Let's, let's discuss like, maybe we need to backtrack a bit and discuss what inclusion actually means. Because the thing you're trying to get included in is basically you want to make as much money as white men, do, right? Like, I want. I want that same job. I like that idea. Yeah, you would like to own that, you know, have like ownership the way white men have ownership, right? Like for instance, right? Like something I want to be included in, I think even at the lowest possible level you want to walk into a room and feel like you can raise your hand and say something and be included in the conversation and not excluded because white men are included in the conversation. They usually run it and like no one else does. So which is the part where the white people are looking around being like, I'm not sure if I'm actually included here because I just said something about a black woman. Time man, you're clearly way more intelligent than me because all I can think about with the EI is that I don't, I'm happy that I don't have to walk into a room that is just straight white men because it's just so awkward, right? It's just, you're talking about sports or maybe the weather or maybe some derogatory like statement about somebody else that's not in the room. I, I'm just, it's awkward for me. So that's how I look at Dei. I just conversation easier. I can throw out with the best of the best of them. I am. I, I can do that. 20 people. You only need like four or five Bros. You need 20 broce. Isn't that exhausting how dare you exclude? The other 19 Bros? I'm pretty sure. I was not about excluding those Bros, but she also said, Uh, so after Floyd's murder, a majority of companies felt the needs to boost their deif efforts. But now, they are re-evaluating. And then she said, what we observed and felt was really important, is that everyone was part of that work. And that's why we really made this shift. So I don't, so she's saying what was important was getting away from caring about George. Floyd's murder, right? I that was the shift. She's talking about, we're talking and again, this happened like four years ago. So, I'm just know she was a. First of all, I didn't know. She was this great social scientists. Like, I I'm impressed. She's like this great Anthropologist of our times that she's she's noticing that the shifts in our culture. It's very important work. She's doing there. I. Yeah, are I'm not gonna call your question, her sociology, sociology degree or her years, spent in Social Service studying, studying the electorate really, what I want to know is when she says, Everyone. Does she mean just the employees at Walmart? Does she also extend that to me the the seven customers in like the conservative? United States? Who said I will never shop here again, because you once funded, one gay pride parade flag, right that, that time. she saying that what we observed and what we was really important is that everyone including our customers They need to be part of this, and because some of our customers were not, we made that shift. Is that what she's saying? She's saying? Yeah, but you know, blah, blah. The other thing is that the, the hourly worker at Walmart, which is the large majority of the people at Walmart, it's a majority people of color, just so we're clear. Yeah. Yeah they all make the least money, right? They're not the majority. They're by far not the majority of management or officers. Are we sweet members but I'm just saying like I don't really know who she's talking about because technically the majority of employees. Are part of, I don't know, I I'm lost. I'm lost. So, and the reason why I bring that up and it was another reason. As I just want to repeat the words of Doug McMillan to see. Oh I love this. I probably gonna be repeating these again future shows. So, are you ready? Yeah, so he said after the murder of George Floyd he had a warning for Corporate America. The death of Floyd, triggered a wave of protests over systemic racism. It was not an isolated event. Quote, we have a long history of racism and we see unacceptable events continue they made a pledge to addressing equities within their business. We says that He, they feared that these pledges would be dropped once the focus on Floyd's killing and its aftermath faded. He said, quote, we can't let that be the case. He wrote outlining how the company was releasing his diversity, metrics twice a year and calling on companies to quote, continue to address systemic racism, structural inequities that are rooted in this nation's history of slavery and that persist today. So wow, those are very strong words as as a As a black studies, minor? Yes, black studies minor. When I went to college, even some of the professors and students didn't so eloquently capture what the idea of systemic racism in our country. I just McMillan CEO of Walmart did only four years ago? I think I love that they feared that the focus on Dei would be dropped. And he won't let that be the case. Finally. So just here's what Walmart's doing. They're gonna stop using the term D altogether. They're going to stop Dei training. They're no longer considered racing gender, as a means to improve diversity there. Last ones, great and they're not renewing. A racial equity center committed to addressing the root causes of gaps. Now, comes experienced by black and African American people. This is their sounds a lot like Dropping the focus on Dei. It sounds a lot like that, maybe I'm missing something. So the question is this year, is that will there be? So they're there has been a racial Equity shareholder proposal over the last two years, it got 18% support in 2023, and 15% in 2024. And according to this article, that would need 20% for Walmart to discuss it. I've never heard of this. There's a threshold of percentage where companies to discuss the proposal was that I'm surprised by that because 18% of support, you just, you mentioned before that the wall, the the Walton family controls a considerable amount of power there. So 18% support is actually quite High know. I mean, for non Walton. Shareholders. My, I just like the arbitrary. I don't care of the neighborhood, like we were discuss it unless we get to 20%. Like, it's not gonna work this. I think they might get to that 20% this year. I think that sounds like a prediction. Ooh, that sounds like prediction. All right, let's move off Walmart. So that was yeah for Yahoo finance, how fast company is taking the exact opposite approach from Yahoo finance. They have named Tyrone Amin CEO of Elf Beauty as their modern CEO of the Year. Oh, wow. Wait, modern. Well, you know, that's just their term. Part of the reason for this is It's proclaimed commitment to diversity and they mentioned specifically elf Beauties program called change the board game, a campaign to encourage corporate board diversity. So, so 70% of the board of beauty is women Unfortunately, the board really is controlled by wrong. I mean, he's the founder of the company. Yeah, so he controlled most. 47% of the influence on the board. Okay. True. But still, but still, I have to give the company credit. They also came up with the campaign this year called so many dicks, referring to the amount of people named, the amount of directors named dicks on US, public company boards. They also sponsored, 20 diverse candidates for a National Association of corporate directors program for boardroom Readiness. So they're trying to get people of color and women onto boards by actually doing something Matt, not just having A Dei statement. That's nice, that's nice. And Turing was on the Fortune's 100 most powerful people in business list and so was one of The Waltons if not Rob, and Doug was. Yeah. Yes on was. That's right. All right. Moving on. How about this one? I haven't seen this one before you. This is the headline Union. Coalition calls for Kroger CEOs. Removal Amid buyback controversy. Wow, right paying attention to a buyback, right? So so they're angry. This is the, the, the United Food and Commercial Workers Union. They are angry after the merger with Albertsons. Fell apart, and Kirk's reaction to that. Merger failure was to announce a 7.5 billion dollar stock was smart enough to tie it to the CEO. There you go. Right. I mean there, that's that's easy that right where actually tiring it to an actual executive, an actual person responsible for the decision but they could also talked to the board, right? Yeah, they should tie to the book that the board has to approve a buyback. Period end of story. There's no other way, but this is, I think this is the first time we've seen anything that any reaction to a buyback like this, that I can remember not only can I not remember it, but it is arguably the best timing and way to attack them because they're sitting on this cache as part of the expected merger that falls through. Right, I'm sure that's part of this and and rather than saying we're going to invest in Innovation at our stores and compete better. We're going to invest in our people. I'm sure having gotten any money there. They're literally just gonna hand it back to investors and one of whom, you know, is the CEO. And call it a day. Kroger's actually down on the news, right? They're there today. They're down almost 2% so I'm not sure Works. Did it work? There up, you know, they're up for the year and they're up over the last six and six months one month. But I'm not sure investors love a 7.5 billion dollar buyback. Given that if everyone goes on strike. That's not a great buyback. I'll say this to the Union, to the United Food and Commercial Workers Union, they could they should also Target. They're targeting the CEO, who is William? Rodney McMullen that should also Target. Ronald Sergeant who has 22% of board influence. Well, I like that combined those two men control over half of the all the board influence, there it is. Sergeant is the former CEO at Staples and used to actually have been executive at Kroger so yeah. Staples is something I saw synonymous with success. How about this Starbucks Starbucks is there doubling parental leave? So paid leave for birth mothers is increasing from six to eighteen weeks. All other non-birder's, That's that's a that's good news. If it doesn't seem kind of like Dei ish. Isn't this benefiting women? Yeah. That's but birth mother, six to 18 weeks. I'm not gonna be mad at it. Like, also, he had that Brian Brian Nichols start, who is Starbucks CEO whose name is not in the headline. Brian Nichol did this and the new CEO, he sort of might have had to throw a bone to people given the fact that he doesn't live in Seattle and he's like commuting from Los Angeles. Every once in a while. Yeah, not only that. But everyone else had to go back to the office know that. But the Baristas of Starbucks are continuing like unionization efforts across the country. So this door just near me just to unionize. So he is gonna have to throw some bones to the work. I'm okay. This is good. This is nice. How about this story former open? We have seen a lot of like whistleblower types die this year, right? Started at Boeing, we're like seven. Hours guy. Yeah, I don't like this. Here's the headline. Former open AI employee who died by Suicide. It was named in a court case that could decide the future of the internet. That's the headline. That's that's a hyperbolic headline know. So no joke. Eight days before the former open AI researcher Sushi or Balaji. Uh, was found dead in his San Francisco apartment. He, his name appeared in a lawsuit against his former employer, openai. This is a lawsuit brought by the New York Times, which accused open AI of basically stealing millions of Articles, published by the newspaper without permission to train, its chat GPT so I yeah. This is a, I mean, look not to bring everything back to the Neo murder at United Healthcare. It does seem like there is like, A Divergence between like the capital like the money at open Ai and like the pressure's, you know? And like the individual like little guy. Like one researcher? See something wrong. Says it and then there's so much pressure but so much money backing that pressure that you feel compelled. You feel like you have no way out. It, it feels vaguely. Parallel to Luigi mannaioni, the the attorneys for the New York Times claimed that he was someone with quote unique and relevant documents that could support their copyright infringement case against open AI. You know, I I I've admitted in the past that it's these cases you know where whistleblowers are dying and you know the the when Executives themselves die like the CEO of Enron crashing into a wall. Yeah. He's the only times I put on my conspiracy, my conspiratorial hat and I wonder what's really going on I you know I mean you're right I'm sure it is a lot of pressure to testify against his former company, but this strikes me as being a bit odd. That's all I'm gonna say. Bit odd. I don't like the story. Let's go on a good, we'll go right back to the Neo murder stuff. Oh good. Oh CEO, Brian Thompson. Who was a named executive officer? You know, Health Group? How about this headline, from Newsweek of all sources and armed America, CEOs, get protection school, kids, get thoughts and prayers. Oh wow, fabulous, just a position. So this is a direct comment about their I guess there was another school shooting yesterday somewhere was West. And again, there's an outpouring of thoughts and prayers for those children. And yet, as we covered over the last two weeks, the reaction about the murder of Brian Thompson, was a huge increase in security costs to protect the executives. Who may or may not be targeted. We don't even know, they are being targeted. But here's what here I predicted already. Yeah. That the now, the executives would push for gun control, right? That was my my I said, this assassination is actually good for gun control, okay? Because all the Sun, the people with the most money are likely to flip and say, okay, we can't have people killing us. It was fine. Was like, school, kids, but not us. I think it's possible. You won't see them flip for real until someone with a full corporate security. Like Armada is shot. I like because Frankly having like three, dudes walked next to you does not mean you, you can't be killed if everyone has an AK-47 in this country, right? Like, yeah, and it's bananas that we have to have. I mean since Columbine what? Hundreds of school shootings in this country and one executive gets shot and my guess is we end in a place where there's gun control on on some form of gun control, because The capitalists get shot in a related article. Here's the headline Peter, teal reveals, how scared oligarchs are of the people so he had an interview with Piers Morgan yesterday and there were talking about the murder of Brian Thompson. When asked, basically what he thought about. This is the article says that he paused for a long time. and then he stuttered for a long time and then eventually got out the words quote, It's, I don't know what what to say. I I think I still think you have, you should try to make an argument and I, I think this is, this is, you should, you know, there may be things going wrong with our Healthcare System, but you have, you have to make an argument and you have to try to find a way to convince people and and change change it by by that. And this is, you know, this is not going to work and quote. Right. What? Yeah. I think look, I I'm reading that quote verbatim and again, this is the answer to the question. The question was and to those who think this shooter is a hero because he did it because he said, this is Healthcare. Executive was presiding over Health Care system, which kills, thousands of Americans by denying them cover. What would you say to them? That was his response to that. What would you say to those people who think is a hero? But, you know, to your point you might be right there might be, this might be an opportunity for actual gun control because if the executives and the oligarchs are starting to get worse and they're stuttering through interviews. They don't know how to respond to the vitriol and anger then you're right. Maybe this will actually have an effect because because yeah, like Mark Zuckerberg, you can spend 25 million dollars a year to protect yourself, but it's not going to stop you from. Yeah, you're right from a gun that shoots like a 1,000 rounds in a second, right? I mean, I can't stop everything like that's that's why they say the argument to put like Armed guards at schools is the most asinine argument you can think of because that doesn't stop the shooters. If someone wants to kill you, they probably can in this country. This country is unique in that respect. Unless you get rid of some guns unless or make them, you are less people to get the guns. Yeah. And the Luigi had a ghost gun that's actually like. Now we're past the pale now. It's like you know like we've gone so far. It's only in this country. This is this special America is special. All right, let's say on this another special headline and then I'll hand it over to you. Here's the headline socialist fashion brand to launch Most Wanted CEOs, playing cards in Wake of Brian Thompson murder. I don't like that at all. I mean I'll say this. I we actually talked about creating Baseball cards of directors, but no, actual with Most Wanted labels. I'm just gonna have their stats on the back. Like, this is their salaries. Yeah, mine, we were not like, like, this is an extreme level, right? So, like, I, here's the only reason, I actually cited this article because I was fascinated by just the many mistakes that were made about how. So we talked, we're probably the only ones to to focus in on this one. Key fact, about the murder of Brian Thompson was that everyone calls him a CEO and yes, he is the CEO of a subsidiary, but he's not the CEO of United Health Group. That's not what he is, right? This is actually a man named sir Andrew witty, who's the CEO, but but everyone just confused in general. Who runs what? And, and so I wanted a key. So they I looked at the website. I looked at I wanted to see what, who these playing cards were about, right? And they don't really tell you that. I don't think they've actually produced this series yet in full because they're in pre-order phase. But they did have some pictures of the cards they have created and I want to go over some of them. So, one of them is Gail Boudreaux. She's the CEO. They say Fortune 100 list, they say that she's of Anthem insurance, right? She's but, actually she's not at Anthem Insurance. She's technically the CEO of elephant's health, because Anthem doesn't exist anymore. So there's your first mistake. Yeah, and she's the three of hearts for some reason. Richard Sackler of Purdue farmer, he's a jack of clubs. Now Perdue farmer doesn't actually exist anymore so it kind of an odd one. Alright, how about this one? Howard Schultz. We talk about Howard Schultz. All the time, the founder and former CEO of Starbucks. First of all, they called it. Starbuck not Starbucks. Oh, really? Oh, I don't know. That's a nod to Robbie Starbucks or not, but he's actually, he's not even really there anymore. He's not the, he's not the, he's the right. He is the chair or Meredith, he's still, yeah, but he's not really the CEO. He's not, he's not the actual chair like, okay, but it's a hard one. Hold the bar told him he had access to the board. Right everyone, I'm just calling out the the auditing of trying to be just he doesn't work at Starbucks. He works at Starbucks. But this one they had Elon Musk but they said that he was from Twitter. Oh, see. But they make this set three years ago and they're just selling it now. So there's no Twitter anymore and he's and yes, he is the owner of X for only known as Twitter. So I'll give them credit but he's not technically the CEO but I'll give them Elon Musk. How about this one? This is a thing that only one. They really got right Kathy Warden of Northrop Grumman. She is the CEO and chair. They have Jeff Bezos of Amazon. I'm fine with you controls 60 or 7% of boring, but not technically the CEO. And then finally, have they have The Waltons, the family, the sacklers, the Koch brothers, and they also have the murdochs featuring Rupert and all four kids. So, anyway, that's I just That okay I like this I had to look I'm not advocating a Most Wanted CEOs, of course, list of any kind no but you're getting lazy. When you list The Waltons, the coax, the murdochs, first of all, most of them are not CEOs. Like The Waltons are not CEOs. They founded the company. They haven't been CEOs in a really long time. They owned the shares and they have the voting power. The murdochs is only one CEO is. It's like, and then there's the family. The like we're getting a bit lazy, aren't we? Well, this is why, this is the only reason why I included. This is one of the main main missions of our company is to try to elevate the conversation. So that people actually know the names of people running these companies, which is a dangerous Mission now. But like, tell me two years ago when we built this thing. Nobody knew the names of anybody. Now, everybody's using it as a hit list. Okay, everybody? Yeah, not getting violence. Here is confusing World though. I, I saw there. Just today. I tagged an article about some idiot who's doing a anti-esg anti Dia, Dei ETF, a fun investment fund. Right? Oh good. Okay. And he's all about the meritocracy. He's a 29 year old College Dropout, who, you know, hasn't really achieved much and this is his big thing, right? He's a big thing, is excellent. And in this, in the mode of Vivek ramaswamy, he's, you know, this is his thing. And one of the people that he loved is Brian Nichols, he loves Brian Nichols, a new CEO of Starbuck's, but he hated locksmith near a semen because of caller. He was a d e. I hire not excellent, despite the fact that he was a CEO at wreck. It and also came from, he was a chief commercial officer Pepsi. Clearly, he had a impressive track records. Don't that doesn't matter, right? There's you understand, but brownish, but I'm just trying to tell you how complicated even talking about ESG matters is because we can be angry at Howard Schultz but we love Brian Nichols, who's the new CEO, look right confusing, right? Yeah, these like that, the difference between like Robbie Starbucks is successful because he's one of the best ESG analysts out there, that he is going Company by company. He's looking through their policies, he's looking through the list, he's Gathering the data, he's actually He finding weaknesses, that's just ESG analysis. He's doing analysis, right? It sounds like this kid is just basically like that guy was brown. I, We're Not Gonna that's how he's out, like, right? And I gotta get better, you gotta get better. Despite the experienced CEO at record and c-suite of Pepsi, he just he's not qualified. That doesn't matter because all right, by the way, before we move on, I even I screwed up. Its Brian Nichols. Not Brian Nichols. I said, yeah, I got from New England. I put an S on everything. I don't know why I do. That is a train ride. I'm stuttering. I'm tongue-tied, I'm you sit bail me out here. Save your peter teeling, your way. I can't talk today. Like I'm gonna segue since we're talking about so many powerful people we talked last week about the Fortune 100, most powerful people ever and we talked about it for a long time just to remind Anyone who didn't hear it the methodology for that list so they chose 100 people that were the most powerful business people on Earth. There was Global, it was not local, they used size of the business. Health of the business Innovation, which was totally kind of subjective. Like, have you made something that's Innovative because you could say that like a chicken nugget is the most Innovative thing to get people to eat more fatty chicken. Yeah, than anything else? Right? Like, isn't that but I don't like, there's no clear guidelines, what an innovation is they used influence? Which they didn't specify but we guessed was maybe social media following or like something like that political what actually use implants because they should have reached out to us. We actually have influence. We actually have that number, right? They used trajectory which was where they were in the ark of their career age, which was really difficult to parse because they had Warren Buffett on there, but they also had like the young guy who started like, you know, Warren Buffett is currently what 95 94, but he's been, but even when he was 79, he was still powerful. So what is it? Where was the ark of his career? What 20 years ago, or not. And then they had impact which said and I quote do they work to make the world a better place? It was largely a joke that he was. So this week, what I wanted to do is propose a new methodology. I'm still refining this. Yeah. But I want to put some real numbers behind this because I my goal is to put out a list of the beginning of the year of the true 100, most power. For people in business, according to us. According to Jada, this isn't like us making it up. This is like, I'm using only data, right? Yeah. Because I'm remind people that one of the people on that list was the, the incoming CEO at Red Lobster. Yes. Alright, let's find who just started at a franchise that nobody liked in the first place. So, I don't know. One of the years old, where are the most powerful Executives in the world and the world? And, and, and is he working to make the world a better place? Or is he working to serve you a lobster? He just took over in August. Yeah. It's real hard to say, how do we even know? Yeah, so so I'm gonna for this, just for this. I'm gonna quickly go through my suggested data points for the methodology. I'm gonna use their methodology framework, but use our data points, size of the business, Now you can't just say because the business is Big their influential, right? Like you could you could But it's a little simplistic because what it does, is it ignores the fact that there are people who sit on Boards of these companies that sit on 1020 boards that are all like large cap companies, not the largest, they have massive networks of connected individuals and they hold sway over them because let's not forget that. Like, let's take Tim Cook as an example, right? Yes, he's a powerful man because he's a CEO of Apple, but he's also a director at Nike which in Christ exactly. His power and influence. Right? You can't Overlook that. But not to mention the fact that size of the business basically, like on the list was basically only Executives at the business for the most part. I think it was almost all executive at a company which suggests that they don't have a boss but they do have a boss. The board is their boss, right? And they usually sit on the board. So here's what I did. I suggested we use Not just the size of the company, but their influence on the company times, the market capitalization, you have to have to consider, you have to consider influence. So, how powerful they are inside of the company, right? Like how much they actually control because they have a board, they have bosses and how powerful is their Network. I don't want to just find like, you know, 100 who are like you're gonna have a massive dude. Skew. If you're just looking at Executives of companies that are large, that's mostly dudes, right? Like its, it was. So, let's do who's actually well networked all. So that was edit number one. Okay? When I do edit number one, I get a totally different lists. I've already run some of the numbers, I'm still like refining it but so far I'm getting a totally different lists as in Elon Musk isn't even in the top 100, well because he's technically only involved with one publicly traded companies. One Republic Trading Company. He owns a lot of influence in it. It's one of the largest companies like he has. He's second to Jensen Huang in terms of holy, holy, because it's a meme stock at this point, but the fact is none of them have, like, massive networks of individuals on other company boards, they're just powerful Executives. They know all these other, well, that's elon's fault, right? Because his board at Tesla is basically his buddies and his brother but he's just chose buddies, right? Like they don't they don't really exist at other places as much as other boards. Yeah. So that's like, the Disney board, for instance, is full of all stars that are CEOs everywhere, right? But but Elon just has like his buddy, Kimball his brother. So that's number one, number two, health of the business. Like they chose liquidity. They took like, like is not liquid. Yeah. First of all, they had Carlos Tavares on a list where you got fired because the company wasn't doing well. He was Society too. Yeah, I made this simple Health was a business is just their performance batting average earnings and TSR. So I'm free flow analytics, every single director and executive on a board gets like an earnings batting average. In a TSR batting, average that's relative to everybody else in their sector globally, right? Because I don't want to say like, you know like you should outperform like if you're a powerful person you should be outperforming you shouldn't stink at your job. That's that's so we're going to start with with that as health as a business. Makes sense to me number three, innovation. I am scrapping, Innovation entirely. I'm scraping elevation you. First of all you can't Define it. So it is totally undefinable, there's not a business, there's not a data point for Innovation like that you and I couldn't argue like add nausea, that doesn't make sense. Number three influence, I'm using our influence numbers. Sure, I'm not just using them in one place. I'm saying like what is your total influence across every board that you've ever been on? What's the max influence at any one company you've ever had? Like I want to actually know, Are you influential everywhere you go have you been on other boards? If not? Are you just like the big big dog on your board because some of the people in that list are actually second in influence. Like, you know, you know, we talked about the fact that soon to our petite is number like eight on the list and Sergey and Larry Brynn. Are like number 20, they own old the influence and alphabet. There's a dual class owner's. It makes no sense. So use the real influence numbers. Yeah. Number four. well, a technically number five, unless I scrapping Innovation, which case number four trajectory Career Arc trajectory doesn't make any sense. I'm using to do this one. Yeah. I'm using total aggregate tenure across any company board. They've ever been on across any public company board. Any public company board, add a little aggregate, okay, what have you? So you could be for that. Yeah, so if you're on one company for 10 years on the board for 10 years, you see the CEO of another company? You've been on the board for 20 years, that's 30 years of aggregate 10 years. So you can actually have directors or Executives who have like 100 years of aggregate tenure and that just means, oh, trajectory is you have been exposed to a lot of things or how to a lot of time to think about, like, you know what, it means to have power and be powerful. Let's just say that. I mean, I think that makes more sense because again, trajectory you can't really Define usually. When they're number four, choice is a 95 year old man. I mean, what is the trajectory there? He's the number four. I don't really understand that one. Alright, finally, taking off. No offense to Warren Buffett, just don't really understand that. Yeah. And then finally, are you making the world a better place? Oh, good luck with this one. This one was easy for me. Yeah, free flow analytics does a controversy. That's true. That's right. Yeah. So all I need to do is take the controversies batting average, because if you're making the world a better place, one of the things we shouldn't see is a plethora of controversies about how your company is dumping shit in the ocean screwing over its employees, busting unions, giving, you know, teenage girls eating disorders, flipping on Dei, like giving your data to Russians, do not make the world a better place. They might not, they might generate more profit or higher stock returns, but they do not make the world a better. It is not about bettering the world. So next time we come back and we're going to be all for. I think we're going to show, we have a show on Friday, but where we're going to be off for some of next week. Next time we come Back for the beginning of next year, I will sing a list. I am teasing. A complete list of the hundred. The do you like a tease a good tease sure. It's fabulous way to end the show. The 100 most the actual 100 most powerful people in business. I'm sorry. Plus so for this oh, never married. Where is Mary Berry gonna land? I wonder not on the list. That's that's all we got. That's hazelnut Rallis. I am your animals Coleman, Scotty? We are free float, come back on Friday. We're gonna wrap up the week and after that, it's holiday season. So, how will be spotty for holidays, but we'll be around if you need anything otherwise until later, goodbye.