Transcript
Hey. Oh, sheep headphones. Hello live. From your ESG, powered. Vitamix a 3500, a cent Series Smart blender. It's a business pant, Friday, share here, December 13th, Studios, featuring, Anna's Home? Matt mascardi. Whoo, well, I got Tongue Tied, like 15 different times there. Well, is that a real blender? Yes, it is. Absolutely. Is she powered? Yes. I mean. Why isn't that on everyone's holiday list on today's weekly, wrap-up? Ongoing ano murder stuff. Sorry, we have to report on it. Rupert, Murdoch fails to screw over. 75% of his children. God eats McDonald's. Hot sauce is going woke. Yeah. Oh, it is. Yes, our show today is being sponsored by free flow, analytics.com. The only platform measuring board power connections and performance for free. Yeah, it's so free that I use a day. Because you know how cheap I am. I got I there was a I had somebody a massive asset manager. Somebody from their told me, they look at all the time they're using, which is great. And I think that massive asset manager should do that. But why don't you call us? And we can, we can do an even more professional situation. We can provide. That's right. Well, what you're saying is I want your money, that's what you're saying. We could we can create data fee. What could we do feed data feeds? Yeah, we can, we Consulting me advisement can help you with your activists campaign and not by not, we I by we, I mean free flow analytics. Well, yeah, that's not us. That's our sponsor, all right, I know. All right. Ready for this? Yeah, let's do it. All right. Well, do we have to Yeah, we do. All right, let's let's just start at the top. The, the shooter. Of the the alleged shooter of the United Healthcare Group. No, sorry the United Healthcare CEO. Who is a named executive officer at United Health Group? Brian Thompson. He was arrested earlier this week, right? So was yeah, it's technically a story of the week. And I highlighted some other things that we could talk about one of one of which you're going to cover a little bit more in depth, so we can skip over for now, the New York Times released an op-ed this morning. Was it this morning? Yeah, I was, it was, it was, it was Andrew Woody. The guy that were wondering why no one to talk about. When again, we're not suggesting that anyone cause violence to Andrew Woody, but this should be at least be talking about Andrew. He has, he is the actual CEO in the entire Enterprise, he himself, Has put an op-ed in the New York Times discussing this issue. And again, I think we'll cover that a bit later other stuff. It turns out that the alleged shooter was not even a United Healthcare member that the headlines says that this is from Fox business.com that he may have targeted company because of size and influence. So this double down on your theory, Matt, that he was doing a lot of ESG now and else's what an analyst I want, you know, I don't mean this to sound the way it's gonna sound. But did you use free flow analytics? That already sounds bad everything you're saying. I know everything's bad other headlines on this topic. United Health Group CEO. That's Andrew Woody. Says that slain executive Brian Thompson was quote one of the good guys in leaked memo to employees former Aetna CEO. Notice they don't say what is name is? That's Martin look bertolini. Says. There's another headlines says he eliminate employer sponsored Insurance to fix the US healthcare industry in Wake of United Healthcare shooting. So we're already despite the fact that everyone's saying that this murder is horrible, which it is. Where are already talking about? How to fix the US, healthcare industry, right? I mean, well, first of all, yeah. Do you the question I have for you is, are we going to see less names of CEOs in headlines after this? Well, no, because it's already at a startling low of about 5%, unless your name is Elon Musk or you're a woman, otherwise they don't name you. That's true. And the final, the fight start, the final Halo. I want to cover before you used to start pontificating, is this strange headline, United Healthcare CEOs, death is being mocked on LinkedIn. A move that could hurt careers as human resources expert. Strange one. I don't I don't know that I would mock his death anywhere, but I specially wouldn't do it on LinkedIn. Yeah. LinkedIn does not seem like the place that you mock much of anything. No, it seems boring and can't and people can't we discuss this topic without mocking his death. Can't we just do it another way. Not dunking on somebody. I don't know what we're doing. So yeah, what I cut you up where you saying there. Matt. Great, Matt, McCarty analyst whole know, I did nothing great about my thoughts, at all, the eliminating employer sponsored insurance. Is that a call for socialized medicine? Absolutely, absolutely. I mean, right, or where they say, everyone should be uninsured. He basically, is he saying everyone should have to be by their own, and it shouldn't be through because it's like the what he seems to be a spouse and is that everyone should have the ability to choose their own health care. Provider not have their employer, choose it for them. Oh, socialized medicine. That's so, so, I like, I had that choice. Matt, as our employer does not provide insurance. I don't know who to yell out for that. I, I spent a lot of time researching this ended up with A certain provider that supposedly was great. It's not it's not United Healthcare and they suck too. So I don't know that, How's that gonna help? I don't know. One of my favorite things about when we left the mothership, what insurance companies had started doing and now everybody does it and complains about it in this country is if your spouse off gets Health Care, office to them, then you are charged if you don't use theirs. Yeah. But both of them do the same thing. So you get charged, no matter what Healthcare you choose. That's, that's the former Aetna, CEO. That's his perfect dream. Oh. Ah, just I just, I can't even, you know, I was thinking today, I, you know, I just this show is not about politics, but I thought boy, this is the moment. I, I know that that so until Donald Trump was elected by pretending to care about the working class of our country, the United States, right? That's ostensibly how he was elected by trying to say all the right things to the people who are suffering the most in this country. Whereas we know that really what he's doing is, is he's that's cover for who he really likes, which is the ruling class of CEOs, and the Brotherhood of CEO, that's who he's really trying to help, but this would be what a political moment for him to say, screw it. I'm gonna, I'm gonna, I'm gonna lock up, Republican voter support for the next 20 years by saying. Let's go to Universal Health Care. Let's just do it. Wow? Right because you're only really screwing over one industry, right? And then you can still kiss the ass of all the other CEOs but wouldn't that move basically assure or Republican wins for decades. I mean and you know that you know the Bernie types and the AOC types would be thrilled to as they should be because I mean sometimes you do have to set politics aside and just do the right thing but wouldn't this be the moment? This does seem to be like that moment but the problem with that moment is you have built up so much political anger against the idea of socialized medicine, against the idea of climate change, against all of these, like things that we know have been problems. Forever. And the end the United States that if you flip on one of them, isn't that sort of just admitting that you were wrong the whole time? Or do you like you never said it in the first place? That's what's so fascinating about this and then we can move on to the Other Stories of the week. So I know you want to cover this op-ed a bit more in your section. But there's this one particular part of that op-ed section. That struck me which he says Andrew what he says he's talking about. Brian Thompson's Family. He says his dad, quote, his dad spent more than 40 years. Unloading trucks at grain elevators BT, as we knew him, worked farm jobs as a kid and fished at a gravel pit with his brother. So see what he's doing there, but they always do is he's trying to make him one of you, right? He's just like he's normalizing him. He's a working class American just like all you other Maga people and what's what's fasting to me? Is this, is that a, he's not one of you. He's clearly not anywhere near one of you, right? He made 30 million dollars over the past three years, in total summary comp, and he held roughly 40 million dollars in equity. That's what we know of, but When you go to Fox Business and Fox News, they refer to the alleged shooter. Luigi, Mangione they don't refer to him as Luigi Mangione, they refer to him as ivy league graduate Luigi Mansion. Every time. Every time they say to him, they use that modifier describe him. Despite the fact that he, of course, graduated from the same place that Donald Trump graduated from. But, you know, that's beside the point. But this is just a web of craziness. This whole thing, it's really is actually. And when we get to Andrew witty, I didn't mention this. But since you brought up that segment, Andrew witty is British. He yes he went to the University of Nottingham so I'm just wondering what a place where he's connection is to the grain Farms of Iowa, in his right up of BT, Brian Thompson, like he's glorifying The poverty porn. It's Working Class, poverty porn, I suppose, kind of what it is. Yeah, right. Like that's what we're talking better sizing the underclass because you need that underclass to make this much money as they make those pitchforks. Yeah. You really don't want that know and as you know as we've seen the the profits that annual profits that United Healthcare even above and beyond their peers, it has been astounding over the last 10 years. I will say this. Matt is, his actual name is not Andrew witty. If you were in England, you would address him as Sir Andrew. Would he served? Yeah. So now, but, ivy league graduate as Ascend is what we're saying. Yeah. All right. So that's the first story of the week, the Second Story, the week Rupert. Murdoch fails in bid to change Family Trust. So in Nevada, commissioner, Has ruled against Rupert Murdoch's legal attempt to alter his Family Trust so that his eldest son Lachlan. Will control the families media and business Empire, when he dies, I believe Lachlan, Matt, when you look at our data at freeflow analytics.com holds over 60% of influence on those boards, right? Yes. Um, well though, we might have to change it if this ruling holds, because this was just this three ruling. Well, he'll still be the executive chair, right? Well, but here's the things that the data. It's really hard to make the data right on all these situations. And this way, you have Rupert keyth, whose chair Emeritus, right in the room. You know, he's controlling everything, he's the daddy, you have Lachlan. Literally the Daddy, the reason why Lachlan has the that much influence is because the Dual class shares that he owns the percentage of shares that he owns, He controls it, but with the ruling now, it's actually controlled by the four. Oldest win win Rupert. Does yes. When he does when Rupert dies, which may be never, he might be the first immortal creature. We're not too sure about the sizeable. I'm not we're not ruling out that he is. In fact right now nor does our database, we don't rule out immortality in the database just so, you know, make a judgment no head. We don't set a death date in the database, just clear currently. But but so even like, if Keith, like kicks, it the Lockland May the data does not know, does not know how to account for the fact that it's actually the four kids at a trust to own the shares because in the proxy it will say Lachlan is a member of the Murdock trust and therefore has the controlling and stake, right? So investors even are kind of going to be in the dark who actually controls this thing is going to be hard to tell. Now before I move on from this story, it is important to note that the man that they're trying to avoid here is James Murdoch. He's the brother that trying to avoid and and that's notable for this reason he's actually we should talk about him more because he's actually a former director at news corporation who resigned from the board. Basically in protest. We always complain like hey how come directors don't step down and so he's a director who did step down at a protest and it was over like what they actually published them being big lying scumbags, right? She's gonna move on. Next story. a third story of the week us appeals court, tosses NASDAQ diversity rules for companies that was coming. Oh, inevitable. I guess so, this was implemented after the murder of George. Floyd back, when all CEOs, seem to really want to address racial inequality But but, you know, we're only like what were four, is it less than four years later? I'm trying to remember the date here. Four years now. Yeah, four years. And not only are they, voluntarily getting rid of Dei programs out there corporations but they're not going to raise a stink about anything like this but just to be clear what that rule was Was that it gave NASDAQ was requiring companies to have at least what one woman and one minority on their board. Is that right at least one was it? It was well, there's the Discord explained. Why? Or explain why? There is a disclosure rules. And then there was the like, after the disclosure rules, it was, you had to have, at least one, complier explained, right? Exactly, right. And Asic is a is a private entity, right? It's, it's own. It's not like, it's not a government. Run entity. It's just, it's just a company, right? Just, it is just a company and it can make its own rules and you would think, right? Get sued for discriminating against white people, right? Yeah. Which is what? That's the takeaway. Yeah. That's the takeaway. And finally, the fourth third of the week, I I calling at the CEO buddy system. There are a lot of like, CEO buddy on a headlines this week. First of all, this survey had a Deloitte Which says CEO optimism is as high as we've ever seen, unbelievable. Despite the fact that there's yeah, most people in the country are not really optimistic about anything. But here the other headlines, Trump's inaugural fund receives one million dollar donation from Mark's Zuckerberg's meta, at least this headline gets it, right. They call up Mark Zuckerberg's meta, right? Yeah, that's great. I love that and then a few line and then a few days later, Jeff bezos's, Amazon plans to donate one million dollars to Trump's inauguration again. They got it right? They call it Jeff Bezos as a Amazon, Andy Jesse's, and then right after that, it's almost like, you know, they're paying attention to each other. Open AI CEO, Sam Altman to donate one million dollars for funds. On top of that, man. On top of that Elon musk's gloating because I don't know if you saw this announcement that Trump is saying that he is gonna sew any project and any entity that is investing one billion dollars or more in the US would receive fully expedited approvals and permits including but no way limited to all environmental approvals. So basically giving a complete regulatory passed to the Elon Musk class, right? I mean, thank God you know like some some frightening to me. That's right. We need to be celebrating the fact that that finally billionaires are just just are getting I mean, if we're finally making it easier for billionaires in this country, it's been so hard to like get things done. when you have billions of dollars, So, those are the four stories that we don't know where you're gonna land on this one. Because last week, also, the story of the week was the shooter right? Was the murderer, I guess. Yeah, this week. Yeah, but it's all anyone's talking about. I do love the juxtaposition of, like, a CEO optimism as high as that we've ever seen it yet. CEO pictures are being pulled off of websites for and security costs are going up because they're afraid of getting shot now. Yeah, it's great. No, it's it's a crazy. It's crazy. You take those two things together. Yeah, what is that? Tell you, you know, billionaires, get a pass. CEO optimism is high. They're also petrified that everyone else is going to kill them because they hate them because they billionaires, get a pass and they, they're making all the money. I would suggest to all the CEOs. I know, I know all the CEOs are listening. I think, 98% of the Fortune 500 listens to us. I always suggest that even if you're optimistic, just tell it to your family. Don't tell other, don't tell a journalist or don't tell Deloitte. Just tell Junior at over like hot dogs and beans and keep it at that. I think we still have to go. Go. Yeah. Well with the the Neo shooter, especially since no one was expecting sir. Andrew witty to Penn and op-ed the New York Times. And although what we probably could have expected, is that op-ed would be pretty bad. It was pretty it, I don't know as apologies, I don't know if we'd call it an apology, I don't know what you call it but as a it's a tribute to Brian. I don't know what it is. It's like playing defense. I don't again I don't, I don't really know what it is, but it fails on so many levels. And I can't see many people reading that and feeling good about Sir, Andrew witty or, you know, United Healthcare. Let's be honest. Can you see many people reading it period? Has anybody? Well, I would assume subscribers to New York Times, my spend some time with it. Yes. But that's probably not most of the America that should be reading it. But anyways, the six people who actually are doing. Yeah, well, so that's the story. Yeah, let's move on. All right, let's move on. I can tell Matt's mood because he didn't even play good list of the week this week. Yeah. You know what, I didn't play most of the week. I'm on the road and it's hard to focus, so but give me your good list. Yeah, I have two Throwbacks. Oh, these rollbacks These are classic. I got one from California. One from Paris. It's like the old-fashioned Guiltless the weeks that we used to cover and one of them is something might happen. And the other one is something is happening. So it's that kind of good list, the first of all. So, something that might happen at California. Bill would require mental health, warning, labels on social media about that one. Why is that? Good least. When we know that Australia, banned, social. Okay. But okay, but we're yes, but I don't know. I like the idea of, like, a label with like, a big, black long or something, like a big leading lungs. Your favorite thing, like, a receipt and a label that's well. Looks this may cause death. I, depending, if my mom is listening or not, I'm sure she isn't, but I may or may not have been a smoker in my past and I may or may not have lived in Montreal in the past. And I gotta tell you the, the graphic warning labels, they put on cigarette packages out there are basically almost effective because oh almost that because it does really make you consider how much of it idiot you are for, for destroying your body, that way. So, But we're really got me, I think was New York City basically telling me that you are a pariah and you are not legally allowed to smoke anywhere fun anymore. So, and we're gonna, and we're gonna quadruple the price of these with taxes. So, that's actually what made me quit. Honestly, that's, that's the thing, though. Like, it isn't, that's why the label California. Label does not like, If the rule was, you can only use social media sitting outside. Then then you're talking now. You're starting to like, talk about real incentives, but a label there. Yeah, I don't know. I hear you. My next one is you'll I think you'll like this one more. This one they're actually doing it. And who are, who could argue with this? Paris is replacing 60,000 parking spaces with trees. Oh, see, I like that. Come on. You know what? I gotta be in. I gotta be honest here, I am a real sucker for, like, the million trillion trees. We love trees. I love the planting it. I like, I don't know why people are like, it won't save, you know, stop climate change, but I do it anyway. It's trees are beautiful, they're beautiful, well trees. Anyway, forget that, just the environment. I mean, there have been, you know, numerous scientific studies would suggest that even just walking among the trees is good for your mental health, right? It's, yeah, it's not, it's not just the environment. I mean, trees. Do they do wonders. So we were looking up what it's like to live in New Zealand and we watched a half dozen videos about living in New Zealand. The new right wing new right wing? New Zealand, you mean? Yeah, well, that's we stopped looking at living in New Zealand. New Zealand in the top five of everyone's things about New Zealand that you that are different from America. And I'm not kidding about this, all of them had birds as in the top five and it was like like the countries obsession with how birds like reduce your stress. And oh yeah, watching the big deal, he planted a trillion trees. You know. That's what you get birds and bugs and squirrels. Yeah, squirrels okay looks like we have that one. We have a late addition to the good list. What he got Matt? Yeah, I have one. It was. I saw this and it just made me laugh. It's gonna be sarcastic, right? Yes. It was sarcastic Stanley recalls, 2.6 million travel mugs due to potential burn. Hazard from faulty lid. That isn't that? The one thing Stanley that you're trying to get, right? Is a lot, is the lid, there's nothing to the cup part like yeah. Why? All the time? My life, my wife is still living. Like it's the it's the 90s, you know, Gen X 1990. She, she brings a mug to the car, an actual mug with her coffee in it. That's, she'll put it on the dashboard. She'll put it wherever and, of course, it's dangerous. And I hated it flopping around everywhere, you know, supposed to be emulating that behavior Stanley. You're supposed to be sealing in the hot beverage. Come on, there's something comical about the only thing you have to get right about a travel mug. It's literally, the only thing you need to have a bottle to The Mug, too. That's true. They did not that right. Right. But still the winner here is Paris. That's the thing. That was good. All right, let's get that. Are we going quickly? I can't tell. I hope they actually so we could have four our show this week earlier this week. I got like three and a quarter. All right, go ahead. As Holy Ghost asshole. Is number one is Andrew witty. Oh, which is because we've talked about his op-ed, I want to read to you, the op-ed was titled United, Health Group CEO, the healthcare system is flawed, let's fix it. Now, first of all, let us is there is an us there, right? So who are you talking to? This is saying yeah, the Royal us or this is the Mark Zuckerberg Sam Altman play which is like we know we're ruining the world. So regulate us like us, give us. But I do like the idea that she's saying like, like the healthcare everything, about the system that we literally are, is flawed. Why don't we all fix it together, right? Like, let's just do it together, but here's some quotes for it, okay? And I will follow the quotes just with headlines about United Health in particular, but this is applies everywhere quarter. Well here, I'll just read them all. We know the health system does not work as well as it should. And we understand people's frustrations with it. No one would design a system, like the one we have and no one did. It's a patchwork built over decades. Our mission is to help. Make it work better. Really clearly, we are not there yet. We understand and share the desire to build a healthcare system. That works better for everyone. That is the purpose of our organization. So, he's laying out. Effectively that no one likes the system. I don't know how it got here. You know, mission is to make it work, but better, our purpose of our organization is to make it work for everyone, that's what he's saying. Let me add one quick thing. Before you go on right before he goes, it launches into this, he says that we are all so struggling to make sense of the vitriol that is being directed at us essentially. And then he goes on to say that the system Broken. Oh but that so it's like okay yeah. You really struggling to understand going? Yeah go ahead. Well now he gets into it and in a way that is so tone deaf yeah Healthcare. Here's a quote Health Care is both intensely personal and very complicated right. And the reasons behind coverage decisions are not well understood yeah we share some of the responsibilities of that. Some there you go but Of the responsibility. First of all, I hate when when sir Andrew witty's call things complicated as a way of saying, like you're never gonna really understand. You don't really get it. Yeah, but but second of all, You know, he is admitting to something, it's odd. I mean, he really is admitting to something here. I mean, he is. I mean what's so unusual about this story is that that I mean, a guy was murdered right? And yet he's still inside of just like, screaming about gun violence and crazy people. And and, and people don't understand capitalism or whatever. He is kind of taking a little bit of the blame here, like, it's right. Maybe. Well, I mean, could just be like, we gotta get, we gotta get our gun laws, fixed. We got a, you know, we gotta fix ghost gun laws. We gotta fix all this stuff. He could be ranting about, but he's kind of like, he's kind of covering the stuff that the people. The reason why people don't really care about this guy was shot. Interesting part about this op-ed. It smells deeply of self-preservation like yeah, I agree, but he's not but he's doing it no way by kind. Sort of hint because he kind of understand what that you can't talk about this and not take. Okay, well, something I didn't think he was gonna go this far. I didn't think he would even do this. I didn't even helping is, Let's us fix it. Let's fix it, right? Like and surprised. He's going this apartment right before this. That, like, you know, this system, no one would design a system. Like the one we have United Health, you can make the system, you are the majority of the Healthcare System, right? Like I get that there's legislation and problems with the legislation but it's it's disingenuous and the minimum, like, a modicum of responsibilities taking is not even taking it. He's saying we share some of the responsibility for what percentage, you think that is well, how much point? Oh, one percent. Well, he this is, this is he veers immediately after that and says quote, while the health system is not perfect Recorder of it is filled with people who try to do their best for those they serve, right? I like when they speak because one of those people. Yeah I like when they speak in platitudes like that he also said about Brian that he was working to make Health Care better for everyone. That when a colleague proposed a new idea to Brian he would always ask would you want this for your own family? If not end of discussion. I like when they speak in these unprovable platitude, right? There's no one who can. Yeah, ends the segment on Brian by saying the ideas. He advocated rained at making Healthcare more affordable, more transparent, more intuitive, more compassionate and more human. Now the more human part really got me because of this headline. How United Healthcare and other insurers. Use AI to deny claims, right? Like Matt, this is why I'm shocked about this whole thing is that if you just wrote a love letter to one of your employees, I would, I would be sympathetic. I would be understanding, but but he's constantly shooting himself in the foot by by a making up a bunch of nonsense and pretending like this guy was a hero and but you don't have to do that. You can just, you can just grieve the loss of a fellow employee, which I think he's entitled to, but you're right. He's constantly like doing. I don't know what he's doing, frankly. Well, we covered already that United Health has 32% claims denial rate and it's twice the industry twice the industry average. We covered that this same CEO, Andrew witty, defended practices that prevent unnecessary care. He defended the practices by saying it effectively. If we did, if we covered every single claim, the whole system would collapse. That was his argument. Right. And I guess it's not so complicated. He understands how the system will collapse, I suppose, but here's the part that drove me, nuts, too. Andrew witty does not write this in while sitting on the toilet on like Thursday morning and publish it on Friday. There is a team of legal. There's a team of marketing, right? That's your relations teams involved. The board's supposed to be involved in this. This is a big deal. So she was right. The stock dropped 8% over the last five or six days and maybe back up today. But, as of yesterday, it was down. It was still down like the whole industry is not upheaval. You're seeing, you know, as much as you don't want to admit that. It took an assassin to get people to focus on this. Now we're talking about it and they're talking about it because they're terrified that the reaction to this by everyone. Sure, was we hate you. Wish you were dead, that is not going to make a better Direction and this is up as not gonna make about, you know, Matt I wish I wish it kind of like a medley like a holiday song medley. I wish he had segued, right? The end into like like a promoting the stock to investors how, you know, had they their annual gross pop profit. Last year was 90 billion dollars up 14% from 2020. I wish, you know what I mean. I wish he had kind of done both at the same time, like, well that's and like we're killing it and you know, it's sad this guy got killed but we're killing it. The final headline that I read coming out of this was Congress, introduces bills to break up United Health Group, and those bills are that they're not specifically naming United Health Group, but they're bills targeting a certain market share. And there's only United Health Group that fits the profile. That bill is sponsored by Elizabeth Warren and Josh Hall. I saw the most conservative and Progressive. Up senators in the country arguably which accepting except I will say about Josh. Harley Harley is he's also he's a Harvard graduate, right? He I don't know what he actually. No one knows what he actually believes, right? He's he's mostly it's all political theater and pandering frame. We know what Elizabeth God is. But yeah, if it's political theater, what? What? They're getting attacked on all sides. Sure is a proving and respect everybody writing one of the most like it's not when you read it it's such a nothing Burger letter that with so many little things that are just enough, fodder for you to hate him even though, I know that's why you did write anything at all. I really was shocked and you're right, this this had to go through legal, it had to go I would assume it went through the board, right? Absolutely to send out something So again, like it tripped over itself. It's not going to win any fans. It kind of takes blame it kind of doesn't it to? I just, I don't understand the rationale for releasing this. It's not a good look for sir, Andrew witty. It's not gonna calm the nerves of anyone, right? I mean, I'll say, I'll say it this way, it does feel like it was written in part by a lawyer and it 100% 100% was read by in advance. A draft was read by the guy with the most influence, on the board of analytics data, the executive chair of the board Stephen Helmsley who was the CEO of this company, right? Prior right, there is no way that this letter goes to the New York Times op-ed without that guy. Having read it first, which means you have an entire culture at the company. That is not ever going to change that. You This is what they believe and what they believe is effectively to Gaslight you into thinking that they are trying to make Healthcare more human. When in reality, they are doing everything possible to maximize profit which is exactly what the Assassin was angry about. Like that was the point, not just the assessment, I mean, a lot of sympathetic souls in America, but I don't want to sympathize with an assassin. Like my, I don't want a murderers, not what I'm going for here. Yeah, of course. But by writing this, you actually make the murderer seem more sympathetic. Know. That's really bad, right? Yeah. He also, one of the other thing I want to point out before we move on is, is the hokeness of this, and the tone deafness of this. And he says, so, I said before, he's struggling to understand the vitriol, and then he goes on to say, no employees. Be they the people who answer customer calls or nurses who visit patients in their homes. Should have to fear for their and their loved ones. Safety. Andrew. No one's angry at your employees at the nurses. They're not angry at the nurses and the people answer the phones. They're angry at you, the executives. I mean, correct. That he does this weird, he's like, he's playing a game. He's he's shifting this over to the, to the low wage women, who work at his company. Basically, I don't know what. It's, it's really unbelievable and dry. You blow it. Honestly, you blew it. So Andrew, you're up for a number one. We have to have more, there's more. We may not have to go much farther. I mean, sorry Andrew, I'm sorry but you know, number two, option is dual class investors and okay, this is simple, right? Look at this every week, but go every week. I kind of bring this up in some way, but Based off the headline Rupert. Murdoch fails and bid to change Family. Trust. What he was trying to do. Was effectively create a trust that Lachlan that Lachlan had dual class shares in that sat above this trust so that he could make a dual class shareholding over the truck, the trust he was trying to duel classes way out. Is he was trying to he was trying to be immortal, right, right. Like he's but more than that, he's trying to keep like the rage machine that is fox and it's the fox Empire Immortal. Because, you know, just as Rupert would do. Yeah. That's what lachlan's gonna do. But the other kids, he doesn't like that way. At one point in the 96 page opinion that came out of this. There's the, the trust plan was called, quote, a carefully crafted shot. Yeah, it was a carefully. Crafted Rod to permanently some meant Lachlan Murdoch's executive roles, regardless of the impacts such control would have over the companies or the beneficiaries of the trust. Okay. And when I read carefully, crafted charade, all I thought was isn't every dual-class. Company a carefully crafted charade to make it. Make you think it was a public company that you could own. It is between the investors would know better by now. Would, you know, it's a private company? Yeah. Right. Like it seems like the judge who's overseeing the pre like, this is not even the final. This doesn't even the the judge. This is actually the like the recommendation. It's not the judge final judgment the recommendation. They knew when a scathing report. this is, A Sherrod. And yet investors everywhere go out and buy IPOs of dual class companies. Well, not public companies. This is what kills me about the NASDAQ ruling, right? Is that you're right, is that, you know, we can get, you know, the court of appeals, conservative, court of appeals in the South can get angry at NASDAQ for wanting, a woman on the board. But but that were allowing these types of companies to be listed in the first place, this is much to me, much more harmful to investors, right? I mean, no joke, if you're gonna get rid of one, you gotta get rid of this one too. Because, yeah, it's these are not they're not publicly held companies and and you're normal investor is not going to understand the mechanism, the charade, the charade, the charade as you call it because you're East Coast educated British. Yeah. They're they're not going to be able to identify the mechanism being used against them, right? So I don't get how NASDAQ York Stock Exchange, any of the exist changes. Continue to allow these companies to be listed crazy to me. I just can't, I just can't get over and and all that investors. If you are an indexed investor, if you're a passive investor and you say I have to hold the whole market. And when we were at msci, we did a consultation with investors about whether or not dual class shares should be allowed on indexes and investors overwhelmingly said yes. And the reason why they say yes is because they want that stock to go check. It's a tech company. It was just tech companies. They didn't want to miss anything until your fomo is a carefully, crafted charade, that is what that's what I'm getting at you're here. I just like Sherrod. I like just like anyone just all right, number three. Yeah, finally. And then I have a little one but oh, hi. Oh yeah. Ohio, Ohio, just passed, SB six. Oh, s. S, b. Six is one of those anti-esg bills that's made its way through most of the Republic. States. Of course, this one is funded, a very special reason. Most of the anti-esg bills that have passed have largely said, you can only consider pecuniary factors or financially material factors, so they're nothing really. Then nothing's changed. All it meant is the pensions. Like they can't they can look at all the same ESG stuff. And because they looked at it as pecuniary anyway, right? Like they just have to explain like, oh, okay, because we think it's peculiar but it's good political theater. Yeah, it's great political theater. But Ohio, decided maybe shouldn't be political theater. Here's what they wrote and they all they did was copy and paste. The same thing. In five desert, they added it and like five different places. The board in accordance with his the board. Being the board of the pensions and Ohio and accordance with his fiduciary duties described under this section, shall make investment decisions with the sole purpose of maximizing their return on its Investments, pretty standard stuff. You could ESG, that's what it does. The board shall not make an investment decision with the primary purpose of influencing any social or Environmental Policy of course. Not. That's that's they were doing that anyway, right? Primary purpose of know. I mean the prime numbers is never like, certainly not doing that in Ohio, right? Yeah. Or the primary purpose, attempting to influence the governance of any Corporation, huh? They literally outlawed, the only thing you can do is the owner of a stock if you vote your shares. Yeah. That is influence over the governance of any Corporation. They can't now vote by law. What on Earth is that that? So this is why the stock this is why you see the rise in like vanguards mirror voting policy right where you just do what Vanguard tells you to do, essentially, what do you need a mirror voting policy, a herd voting, you don't need a policy at all because you're not allowed to vote against management. It says, you cannot attempt to influence the government of any Corporation. How can this vote on a director? How can this Lobby held up then because this is, this goes against your, your basic rights as a shareholder. No One's Gonna someone has to Sue and it has to go to crazy but crazy for the for the interim, right? Like it's sitting on the governor's desk, it's likely to get passed. As soon as he gets passed for that interim, the Ohio pension system, which is millions of teachers and like firefighters and sure they literally have to own. They all everything is dual class for them. They are all they can do is abstain. Because they are not allowed to look like they're influencing any vote, they can't even abstain, they just can't vote. Like if my reading of this law is correct, you literally cannot vote your shares, meet with the company engage with the company you, if you ask them questions. That's fine. So cannot make a suggestion or say you're thinking about you're worried about something because that influences the governance of a corporation. So, what they're basically saying that and I'll use a real life scenario here where it was just, I think it was just last year where at Tyson Foods they elevated. One of the Tyson grandkids to be CFO. Despite the fact that he was like, you know, 20, 30 years old or whatever clearly did not have the requisite experience to be CFO. He's arrested multiple times for DWI and showing up in women's houses is drunk. And but they're saying is that despite that you would not have the ability to make a decision on whether, or not he is on the board or or any? Oh, right? You do not have a say over that, that's up to the company. It's not you. Let's say you engage with the, you wanted to call the company and say, what are you doing about that? Were worried, if that would affect the share price, okay? Influencing the governance that that could be influencing, would you could argue that all you're really doing is trying to get some information. But once you have that information, do you know what you can do with that information? Nothing, you can't vote out. Can't make Investment decision. You can't make an investment decision about. I mean you can't dot so that means you can't you can't divest if you've already invested. If if some companies governance is imploding like a Boeing where, you know, they're keeping the cronies in place and they're not they're not doing anything to it to address. The systemic wrote has brought bowing to this place, they can't even sell their shares, right? They can't make any investment decision, right? Depending on how broadly you want to read this. They literally can't do anything. And which case, what is the point? I don't know. I don't know. This is this well, gets insane, right? Because you political theater into a real thing. Yeah, so pointless, because, at first, the political theater was, was solely about. We were gonna pretend that we don't believe in climate change, because this is the political theater of the times. Even though, I don't know, 99% of scientists, say, This we're also going to say that we're not going to do anything to promote women and people of color that's where this theater started. Alright the E and the S of the ESG but I guess someone some dimwit finally realized that there's a g in the acronym and we should all so create some laws to make sure that they don't do any G either, not just the e&s, right? Is that what happened that effectively? Somebody woke up and said and let's attack all the. All three of the letters of the acronym, we Can't forget that. The acronym has three letters. We should be doing something about the other one, too. Yeah, great. Great. Thanks, Ohio. So those are your main three. You've got your witty dual-class, investor before and Ohio, and I'll skip the quarter one because it's not that important. This is tough. I, I, I'm gonna say no to dual class investors because that's every week. So, I'll have a chance to vote on that next week, Ohio is particularly owner is odious this week but Let's just stick with the theme of the world and the show and the America right now. I got a vote for Andrew Woody on this way. And not because not because he penned an op-ed. I mean he's entitled to and actually, they're, they're could have been a path to create some sympathy here. But for many of the reasons we listed including some of this horse shit about like don't come after our call center workers, and our nurses like just this, just too much horseshit in that letter that I have always the week. You do admire the balls of a CEO who's literally using nurses as a human body Shield like which is all like that. Again, that's who Ivy Ledger Luigi Mansion was upset about his upset about the nurses in Oklahoma providing, you know, hospice care. That's that's who he was really angry about when he shot a named executive officer at United, Health Group, All right guys, this is what a horrible segment. What do you do this? I don't know why anyone listens to this. Yeah anybody. All right, let's finish up this show. Come on. So this is headlining is Winners and predictions. And look, For those listeners out there, who do listen, if you think we're veering off too much off of the, the good list stuff and the happy stuff and the positive news reach out to us and tell us some stories that we miss. I mean, yeah, help us a good story. I mean, I know that the main business news, this in the last two weeks has been the fact, a named executive officer at United Health Group was murdered. But if you, but if you think we're being too negative, let us know. And we'll, we'll try to adjust some of this for you. So, where Headley, Ionia, so the week I just wanted to quickly, I'll mine is a bit long. I'll go first. The headline is pretty simple. How McDonald's was involved in almost every major news story this past year. This this made me laugh. So first, so they, this is from Fast Company and these are the stories. They highlighted that McDonald's is involved. First, they were involved in customer boycotts, involving Israel Hamas War. They're involved with the all the inflation because McDonald's prices were soaring 18 dollar Big Macs. They're involved with the E coli crisis, right? McDonald's Quarter, Pounders making people sick killing somebody. What would Donald Trump? He was serving fries in the McDonald's. Helping him get elected. In the 2024 election. How about this one? Which I added that Fast Company missed RFK. This is the headline RFK Jr. Brutally mocked over, make America healthy again hypocrisy as he enjoys McDonald's really bad meal, Trump remember that it was and then finally Liu. G Mangione who we've been discussing at nauseam on the show, he's the alleged murderer of Thompson. He's arrested, Adam McDonalds in Pennsylvania. The same place where Donald Trump was serving. Prize not the same McDonald's but a Pennsylvania McDonald's. I've all had, like, all news was good news. There was no bad news, it was just like brand. I thought that was the case. About the fact that McDonald's is is basically, God is our ubiquitous Omnibus. Oh, what's your headline? Yes, my headline is much shorter. Um, here's that sorry BuzzFeed survives by selling hot ones to George Soros. Yeah, first of all, hot ones is awesome. George Soros being in a headline is great and BuzzFeed being relevant in any way, is funny but what made me laugh out loud, you know, I didn't know. They owned the hot ones to be on us. I didn't either the vague, Roma Swami. Yeah, the winner of the Mighty, the winner of the Paul and Daisy Soros scholarship. He was what she scrubbed from his website. But yes, well they did. So we know, we know, he's still got it, he still owns a 9% stake in the a shares of the dual-class company that is Buzzfeed. And one of Things in the article, they talk about is Buzzfeed had a large amount of debt that they paid off by selling hot ones to a Soros linked fund and Vivek. Not not involved at all in the decision and dual class company. Right? It was a dual class. Yeah. And he was trying to basically influence it and take boards and it's all it's all he might as well not be there. I just love it because he's just looks like such a Rube. It's great. Hey, what's up? I'm gonna say I won that. Yeah, fine. Okay, yes, let's wrap up the week, the winners winners. I got two winners. I know you're gonna hate that. You got too many. Uh my first winner was directors who resigned in protest? That's the aforementioned James Murdoch, right? He resigned from news corporation, the other winner is CEOs who take over companies from Founders. While the founder stays as executive chair and the headline is Oracle CEO. Saphir cats plans to sell over 1 billion dollars of stock. One billion Molly, one billion, wait dollars one billion, there you go. Wow, that's a winning moment. Yeah, speaking of billions, my winner of the week, is any billionaire, who needs a permit? And actually, so this is based off the story that Trump right now. And you mentioned this earlier has, is going to Fast Track, all the permits, if you've invested a billion dollars in this in this country, in any way, he basically will just give you free environmental Province. You can sure whatever you want. It's called it's called Texas. But yeah, go ahead. It's called graphed but When I when I saw it the first thing I thought of is do you remember that story from earlier this year like it was in March or April about? There was a guy in the Hamptons a billionaire in the Hamptons. Yeah. Who built his house illegally? Cleared land and built like on the wetlands that are endangered wetlands in Long Island. He was fine by this little village. They've been he's basically accounts for most of the villages law like entire budget now, fighting the lawsuits against him because he refuses to pay, he sold the house but no one can live there because they didn't get the permits, they need. I just thought that problem solved, right? Like all he has to do is be like, I'm a billionaire. I live here, I need a permit and it's done so that's those. Are your winners people? Those are your winners predictions. Yeah, I predict that next week, we will not talk about Brian Thompson. That's what I really. Yeah. That's, I'm predicting. This is self-imposed self-imposed know. I think it's the the cycle on it is going to already over trial happens. Yeah yeah I think so. My prediction that here's the next McDonald's headline. We're going to read Shareholders Sue, open ai's chat GPT after the chatbot coaxed, a troubled Chief Revenue officer to eat 850 Quarter, Pounders during last month's Norris. Wow, that's just gets it at all of the things. That's quite the headline know. That's, yeah, that's all we got that. Hazelnut Rallis. I'm your analyst. I'm at all. It's funny. It's a lot more than more than you do. It's too much. It's Too much come back next week to our full sleigh to shows until then good.