Transcript
It's Tuesday. No, I'm not. I'm not doing it. At least you got the day, right? Live from vanguard's. All new vote for utility closet. All their closets. It's a closet where they only vote for things. It's an all new terrific Tuesday edition of business pants. Joined by Art of the day to Queen. Damien relus, is in a cabin. Somewhere nowhere, no one knows where he is. I don't have no idea where he is. Well he comes back today is future black female. President called July 24th 2024, it's business. So it's just the two of us. Yeah, and I did zero business. You didn't do any nuggets. We all have a list. We did. I did make a list. You did make a list. So you did do something to actually participate in this show. Which is nice because our show today is being sponsored by free flow analytics. The only platform measuring board power, connections, and performance, and it's free free. You can go to free flow, analytics.com. You can actually log in to freeflow analytics.com, with an email address and see 90,000 active directors, and how they perform and all sorts of stuff about them. Which update in July, can I just say? That's insane. I know that's a lot. Not only is that a lot, but you can't get anything free anymore. Can you think the last time you got something that was like free that didn't cost you a thousand dollars to get in the first place. Even when I like, try to find my discount codes on right at, I mean you like buy stuff at Starbucks to get stars to get something for free and then my stars expire and then and you're like really happy about that. But you've spent hundreds of dollars at Starbucks to get it. Not proud. Not. All right. So today I'm going to do some nuggets and re is going to I don't know sit there quietly until I'm done stare at myself. And then we're gonna move on and we're gonna do something else. That's actually probably, actually might actually learn something. You ready for something I gets? Yep. All right, let's just do this thing. I love this music too, the Nugget music. They? Miss science wiper headline of the week. The Tesla cybertruck is a culture war on wheels. In fact, I've read bunch of articles about how they today is Tesla's earnings, they're 11,000, cyber trucks, have been sold and delivered so far. That's a lot, that's a lot. And there's one down the street. I thought this morning that can't fit in its garage because it's too fat. But also I also heard that 11,000 Tesla cyber trucks. Have been recalled for their giant wiper problem. It was raining today. I know, I wonder how that went. I didn't go. Well, I imagine In our. Hey guys, look I think I can finally see the mesosphere. Yeah. Look, there's Jeff Bezos. William Shatner, we must be close to home by now headline of the week. The Boeing Starliner is a little bit closer to coming home. What's that even mean? How how little bit closer? Well, apparently they're trying to figure out the Thruster problem but I like to think that they're just moving slightly closer to earth like like over time one day, they'll make it back one day. I mean, you know, Somehow Jeff bezos' figured out in, you know, Boeing's existed For What 100 years, just Jeff Bezos. Figured out how to go to the mesosphere and come back. And Boeing is not yet figured that out. Oh, has other problems. They're trying to figure out how to just land normal plane. Yeah. Yeah. Without the crashing, into the ocean or losing parts. and our we've ruled out. Averaging. French or origin and ethnic origin. Are there any other guesses headline of the week? Rice sold in seven states recalled due to possible contamination of rodent Origins. I just like that phrase. Are we one of the states? No, we're not one of the states. It is an organic farm. It is a family-owned farm based out of California. I had to look it up because I eat so much right, so much, right. But no, we are not one and I but I like the idea of rodent origin. Like, like they didn't know the road didn't, but they know it's a road. So they just went with rodent origin. in our, Our terrible winds include lots of demand for large packages, as well as rectangular packages of intermittent sizes, and hexagonal, packages containing primarily star-shaped objects. However, small package demand is weak and we're seeing an inflation impact on our micro package in Nano package business, headline of the week. UPS, Mrs. Quarterly estimates on high labor costs week, small package demand that itself. Sounds like a joke isn't a joke, small package demand. I mean, there's the obvious penis reference there. But, like, for me, I just like that they segmented and like, we have large package, demand package, man. It's small. Nobody wants to smallpox. Nobody wants a small package right now. Sending anything real tiny. It's big package season. I don't even know what that means in our hey Ma. I love the. Hey Mom, Damien doesn't better than I do but I like him. I and hey, Ma. The windows in our dog mansion won't open. And the flaws are warping in our exercise Mansion. Oh and our rice Mansion is contamination of Road and origin. Tell Dad headline of the week. Billionaire Palmer. Luckey keeps getting stuck in the elevator of his car Mansion lawsuit claims. Oh my God that's a real headline. He's doing the elevator manufacturer doing the elevator elevator manufacturer because apparently the elevators are malfunctioning when he tries to move the cars around from upper level to lower level. In his car Mansion, he spent 3.8 million dollars on a mansion. Just for his cars. That's what it was. What happens when you sell Oculus Rift to Mark Zuckerberg and then go manufactured defense drones using AI. This is what happens and you had too many Hot Wheels in your house. I think there's a lot of Hot Wheels in his house. He needs a mansion for his Hot Wheels. in our, Call centers. We're actually better headline of the week. But shit is, in example of hey how AI is making customer service worse. so if you heard a bot shit know, so apparently this is the story is about some people were calling the airlines to this guy in canva called an airline bereavement you know going to a funeral and had all the documents and he talked to an AI chatbot that told him he could apply after he flew for the bereavement you know, discounts And then the airline said, no, that doesn't apply. You have to do it before you fly. Oh, he had to take animation here. Yeah, I had to take it to a Canadian tribunal that found that the bot lied and he was entitled because according to their policy wasn't titled. So now we're, we have a problem. Just anybody, when you talk to it, AI chatbot, it doesn't just lie to you online. When you ask it for like, you know what, the boiling temperature of water is it now lies to your face when you call it to talk to? It seems like a very simple decision tree with any questions they can answer. You'd think that the AI chat bot would be able to take the policy facts and spit them out. That's all yeah that's all it needed to do. It does not and it makes me like Miss and the 90s you'd call customer service centers and it would route you to like India. And they would pretend not to be from India. They'd be like, my name is Larry Smith and like a thick Indian accent. My name is Larry Smith and I'm from Virginia, right? Like I'm not saying it's not possible, I'm just saying it's unlikely. Let's go back to that. Let's go back to that. That was, that was just as good. In our Zuckerberg in a statement, claimed the original algorithm pushed users to overweight balding. White men living in their parents basement, but this has been much better for business. Headline of the week. Brand new Instagram accounts are pushed towards scantily, clad women and sexist memes. I like I do like to think that Zuckerberg's first algorithm was like, he's going back to the faces its and don't say Instagram anymore. Just say Mark, Zuckerberg's Instagram, he is. Pushing the scantily clad woman, Zuckerberg is pushing you towards cancer Lee clad women and sexist, memes, much like his Origins. And our drive by headline assassination, headline of the week Napa Valley tourism board, CEO Accused by employees of creating toxic, workplace mismanaging funds. So I Was. Because I wanted to make a joke about it. to me was like, Napa Valley tourism board. Like that's like four people, right? Like Very important position like the CEO said, tourism. It's just, it's just feels like you can't escape toxic workplaces even at the Napa Valley tourism board, right? Like it's just seemed like so small, it turns out The complaints were on an unsigned letter sent by employees, to the board of the Napa Valley tourism board, the board of the board. Who then hired a third party to investigate the third party interviewed all the employees in these long interviews. Produced a report in the reports conclusion is that there is no evidence that in any way supports the workplace, bullying or financial impropriety allegations. It's just like, I wanted to make a joke about like, even small CEOs, or accused of like, like Larry says, to Carl. Like I don't like your work and Carl files, like, something to the board and here comes third party and asking all five people Tell me the truth. Tell me the truth of what happened and turns out. Nothing actually. But the headline still is Napa Valley tourism board CEO Accused by employees of creating toxic workplace managing funds in stead of a headline that said, nothing happens at Napa Valley tourism board, right? Like What is that? In our finally, some employees not offended by swastikas racism and Union bashing headline of the week. Musk says Tesla to use humanoid robots next year. Wow, already manufacturing robots. Yeah, humanoid ones though. Like, walking around, I suppose, weird. I mean when they go to the bathroom they won't be offended by the swastikas on the wall. They can get rid of all the bathrooms they don't even. Yeah, true. They don't need. I mean he doesn't like talking about gender at all. So now there's no bathrooms. You don't have to worry about it. in our, This is a Biz nugget pop quiz which is woker walking your cat on a leash or throwing away food without apologizing to it headline of the week headlines of the week which do you think is Walker? Definitely are cattle Niche wrong, both are woke here. The headlines woke pet owners who put cats on leads and take them for a walk slams by rspca and the second headline, Wok scientists say you should apologize to Foods before you bend them. Both of these are British Headlines, by the way. What is going on over there? In the UK? I don't know. But they are, they have taken the mantle from the US of woke Ridiculousness. Like, I do feel a little bathroom away food. Well, apparently, the scientists here, it's in Japan and they are looking for a way for you to not throw away so much food. So they're, it's, they're not actually saying, you should apologize food to Foods before you throw them out. It's really a way of feeling guilty. So they're like, if you feel if you apologize, you will feel guilty about doing it and will waste less food. But those are woke scientists, right? I'm not sure if it works in our We're deeply sorry but we feel it's important that we mention. 79.9% of investors shares did approve, our CEO's 256% year over year raise. So there is some good news here headline of the week. Delta CEO apologizes for flight cancellations as Transportation secretary demands, prompt refunds for passengers prompt to free fun. That's what I want tail. He always pay went from 9 million summary pay to 34 million year-over-year. That's Why? I feel like the prompt refunds could be entirely pulled from that person that yeah, that one guy. Yeah, I'm waiting for me. We did do a project countdown on Delta and we highlighted them as the best of the worst industry ever. I do remember saying, oh, I love Delta when you were working on that. Yeah. You did because they're the best worst like everyone hates flying everywhere. The whole industry sucks and Delta sucked. Very slightly less than everybody else is rejoicing right now. Yes, Southwest is very happy. In fact, do you know why South West systems didn't go down? They didn't have any problems because they're so old because they did not update their OS. A dead serious, having the oldest board and management. Team of all the US Airlines actually helped because they did not know how to upgrade the OS in our And this is where I'm going to transition to you, I'm just a couple here, you ready? Oh okay. I'll get ready. There you go, wake up in our America's CEO, announces. He will step down in 2025 headline of the week. Joe Biden is dropping out of the presidential race. Wow, well, you did say that was gonna happen on Friday, I had this weekend, it will be over. I actually had inside sources knowledge. I talked to somebody who talked to somebody who was in like inside the who said, who told me That Biden would use covid isolation and health as cover to drop out of the race, whatever he needed. Hey, look, I'll take it. Um, which is it's a little sad. Biden is maybe one of the better presidents in modern presidential history. Amount of stuff. He got done is insane, right? I agree. Meanwhile, in our America, announces a Dei CEO potential replacement for 2025 headline of the week. Kamala Harris, wins enough support to clinch Democratic nomination, boy. Oh, did I say that in our, when you say Dei, I assume you mean incredibly intelligent or highly qualified or maybe Gabe black female globalists. Please explain headline of the week. What people mean when they call Kamala Harris, the Dei candidate. That's a headline. That's an actual headline. What they mean when they call Kamala Harris, a Dei candidate. Let me sum up what they mean. They mean black woman. They mean it's they just veiled racism. You say Dei candidate? I mean, she's equally if not way more. Qualified then many many presidents, much less. The president she's running against. in our, Horror stories, gay black female globalists. May in fact matter headline of the week, 44,000 black, women raised 1.5 million for Kamala Harris, in three hours, on a zoom call that crashed, the online meeting platform, a zoom call. That's pretty good for three hours. I actually did some popular math here, there are about 35 million black women of voting age in the United States right now. On average on that Zoom call the 44,000 black women on average gave about 11 dollars. If every black woman in America were to donate 11 dollars to Kamala Harris, it was 370 million dollars that she would raise. All right, almost twice as much as just Elon Musk pledged to Trump. Yes. So every black woman in America, giving a Starbucks order to Kamala Harris equals double what Elon Musk buy himself is boringly giving to Donald Trump. Congratulations. In our 27 years of the Secret Service serve vice president Cheney Vice President, Biden won a presidential rank award for exceptional service, majored, in criminal justice, but it was the vagina's fault headline of the week. Congressional conservatives used Trump assassination attempt to attack Secret Service diversity Drive, ma'am. You are a Dei Horrors story. That's a quote, Dei harsh story, that's awful. And I saw, I believe she just sat down she resigned. Yeah, I mean I would too. Look There was there were security failures but can we just stop it with it was dei's, it wasn't a vagina's fault here. It was had nothing to do with that. In fact, I went through all of the Heads of the Secret Service Pryor and there's like one of them has some Scandal. Like the there was the mention that there was a president assassinated right. There was one during the Obama years that the Scandal was they were all hiring prostitutes. Oh like you know, like selling weapons to Mexican cartels. Well, that's not a d, i problem. Right? Well because they were all men. Then you couldn't say it was a. This is the vaginas fall for that. It was different. It was it was liberals. Not the I am finally. Let's get out of this so we can go to something meaningful. in our, Deep free headline of the week. Why is that? Donald Trump is now the oldest party nominee for president in US history. This is a diversity. I do not support ages your ages. That's okay. Wow. Okay. Well what 78 years old, right? That's what I He is 78. He is 78. Biden was going to be the oldest. And he seated all this to the other guy running in the same race. The second oldest. White oldest white, dude. Not in America, but running for president. It feels like in America though. all right, which means we are going to move on to Ari's. Yep. Mega list. Of confused with magalas of corporate, trumps? Yeah, I wanted to find out where do the trumps of the US. Rule in large cap in mega cap company. Oh, so we're looking at, we're looking at I looked at anybody know, me like us, right? Like you just mean purely age, purely, purely age. And I only focus on us companies that were large cap of Mega caps. So that was 610 companies and I have a top five list of the oldest Influence. In the country. Wow. Yep. The oldest most influential. Well, do you rule out? Because I don't see on this list. Yeah. A Berkshire Hathaway. Yeah I did roll them out. Yeah just because Warren Buffett might be the oldest human at this point. He is the oldest human. I he didn't make the top five, but I didn't he didn't make the top five. He didn't. Wow, I mean his board did not make the top five. Oh, this is the himself. This is that board like this is board level. Okay? All right. All right. Now we're now we're clear these the oldest board level companies and I looked at body count and the sum of their influence and we're going to start with number five which is a company, a multi-family called UDR. Oh yep. Did they just they own warehouses for catheters? I multi-family read this. It's not As a 10. So 30% of the board where 79 years old or older. Wow. They held 34% of the influence. But I was like, all right, real estate, you know, old people like to hog stuff. I don't. That feel the first they were there, first that feels wrong, but continue, then I got into Aerospace and defense but haiko corporation which I actually haven't heard of them before but 41% of the influence is held by three people 79 and above. Wow yeah three out of 10 again. Another are they all named Pico? Although it looks like an acronym for something. It does look like an acronym. But no the last name was in there and then you know, along with your Berkshire Hathaway comment Oracle the software company where Dinosaur Larry Ellison, I believe it was his name. I dinosaur part of his name or is that just your I call my son Milo Source sometimes? So you know it could be an endearing term. No, I don't think so Larry. So this is a 15-person board and five of them, this isn't just Larry Ellison. Five of them are over our older than Trump. Wow, yep. And they hold 74% of the influence mostly. Because Larry Ellison has most of the influence I want to. I'm going to say that there are some Industries where having a third of your board be older than 78, but software but software. Right does not seem like one where either I would guess it or is a good idea. I mean, I found that surprising. I was not surprised by the real estate or the even the defense aspect of the other one, number two is a retail Reit, retail real estate company. This one makes sense to me Kimco. Realty Corporation. Yeah, where 3/8 of the boardroom is older than Trump comprising, 65% of the influence. Wow, I don't like that much, that much influence. But listen to the, this is the worst one. Hold on, we need a drum roll for this is the worst and not even just by The. Initial numbers, I pulled. But tell it on technology. What are you doing? The electronic equipment company. 63% of their influence, 45% of their body count is older. The Trump I looked into it further. And so that's five out of 11 people, or the older than Trump. Eight out of the 11 are in their 70s or they're 80s. Ate those eight average, 78.5 years old. Are you that's that's eight. That's, that's insane. That's eight out of the 11. That's a lot. That is a lot and the other three that were added there were added in 2019 2020. And 2021 2021 was the last year anyone that currently sits on the board was added. What are they doing? What what do they do? They actually do, they do? They, they make equipment do, but are they making like, I mean, like, are they just Are they making like the they're not making anything in 85 year old could make right now. Let me just tell you that I mean, like, I'm hoping that they are making. I don't know, like, like the actual switches that you put on lights or something like that and not something that matters. Like a sensor used to blow up something. This is a large Cab Company. It making electronic equipment. It does matter and eight out of the 11. People are super old. Well that's fun. No it's not. I don't like it at all. So not to mention that in their industry and their sector right? And this they're in the it sector because of the electronic equipment but the average of all those directors is 61 years old. The average of those eight directors is 78.5 that's Significant. Um, do you think we should have an age cap on being on a board? I think there should be an age cap for everything. Yes. Really for everything. Like for what about for free? Float, everything except for volunteer positions, you can volunteer, well, that's nice of you. That's our resident. Ages Millennial are the data Queen telling everyone 78 and older you're done. Get out. Take a break rest. Stop your feet up. That's our show. I'm not sure I feel about the show. I was actually really hard. Took a weird turn? Yeah, it was I was hard to be like one liner. Funny, I really needed Damien today, there's just not That dark whom. Right now. Yeah, Everything feels hard workers. Here. That's already the Dairy Queen. I'm your animal soulmate. Moscati we are free float. If you like this, but don't judge us on. Just this alone. Go listen to all. The other shows, we have other episodes of this show. We have the proxy countdown. We got a show coming up on Thursday. I don't even know what the proxy countdown on Thursdays gonna be about. Um, it's unclear yet, but we're gonna dive deep into some boards. Maybe check out the end of proxy season on Friday. We'll wrap up the week, but until then, Good. Bye.