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Business Pants Oct 06, 2023

FRIDAY WRAP: CEOs with big curly hair look like criminals, an Uber killer has arrived with actual employees, and rich people continue to lie about stuff

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FRIDAY WRAP: CEOs with big curly hair look like criminals, an Uber killer has arrived with actual employees, and rich people continue to lie about stuff

Transcript

Jesse's already. Excited Friday show. Friday. Live from your ESG graphing calculator that was for you already. I feel like you you would like to craft and calculator. I used after day. Yeah. It's a business pants. Friday, show here at October 6th. Studios, featuring some of your favorites are the data Queen, Jesse the money Whisperer. Thank you. On today's weekly, wrap-up Friday shows CEOs, with big curly hair look like criminals. And Uber killer has arrived with actual employees. And rich people continue to lie about stuff. Yeah. Big curly hair. I take the phone. I do two actually. I am very disturbed. By this considering most of my life has been having big dumb curly hair. Same, you guys ready for this? You want to just do this? I'm ready. All right. I'm gonna I'm gonna I'm Gonna Get Us in there. I'm gonna first I'll do a little of this. Okay. Oh, that's the best I can do here story of the week. I just really I I'm just happy to have the opportunity not to play the normal one that Matt plays with the whoopee cushion. Fair enough. Here we go. Store the week. For the week of what is this week, the week of October 2nd. Yeah. Yes exactly. How it's October here we are in a Friday October. Yeah, let's do it. Okay, Story the week. Oh the first one. The trial of Sam. Bateman fried the founder of collapsed crypto exchange FTX started on Tuesday, prosecutors allege that SBF stole billions of dollars from FTX customers saying that they moved money. To a crypto trading firm called Alameda research, which he founded in that was run by his girlfriend, Caroline Ellison. prosecutor said that they diverted this money buy used by having users deposit funds and bank account control by His girlfriend Andrew code written on FTX that allowed Alameda to borrow tens of billions of dollars elevated being that crypto trading firm that he created here. The world, the word girlfriend a lot. Okay, here's why I'm doing that because because This is like the most bizarre, glass, Cliff CEO scenario that we've come across recently. Prosecutors are literally trying to blame Caroline Ellison for FTX is collapse during opening statements, which is Absolutely. Right. I mean, we're talking about a company that he founded, he founded elevator research. It's just nonsense. I mean, it's just craziness. That's gonna buy this, right? Like it just they can't possibly buy this. I hope not. And here's why I talked about a big curly hair, which is something that I often fashion According to the Wall Street Journal, they described Sam bakeman free Sammy fried with a mop top of unruly curls in a penchant for shorts and t-shirts. That's how they described him which you know, gets me down. So many different Paths of kind of anger here. First of all, I've been dealing with this all my life. Like if you don't have if you don't have normal white skin, normal short straight-haired, you aware normal pants, right? Like you're an outlier and therefore you're bad, or you're not good enough or you might be a criminal and the reason why I'm bringing this up, is that what did SPF do before the trial? He cut his hair short. You know, I haven't seen a picture. I have to Google a picture, just find it. Yeah. For those as an insult here, right? Yes, the whole thing is just I find a little bit I know Wall Street Journal is very much in the mainstream. Yes, exactly. So that's the first story of the week trial of SBF. Second, big story. 75,000 Kaiser Permanente workers have gone on strike. The largest Healthcare strike in US history they think and the top of that, you know, recent poll at a Reuters. This is surprising and a lot of ways, hopefully good news here. 58% of respondents said, they supported the strike and the reason why is that even Republicans now? Even Republicans are starting right. Like this is the shocking part are starting to support unions and strikes like it's incredible. I love this though. Yes, right. I mean, we are on the dawn of a whole new Labour movement. I mean, are, is something happening? Do we are the party Plies gonna switch again, are they no clip? Again, that's, are we going to be Republicans? By the end of the decade? I mean, speaking to yourself, Lincoln was a republican. That's what ever Republican will tell you. Yeah, they like to say that. Yeah, yeah. No, this is wonderful. Jesse, we cut you off. I was just wondering, do we know why the sudden change, like, why the support all of a sudden? I, you know, I think there's a Confluence of maybe there's like a Confluence of anger going on in America, right? Because typically, the Republicans were the party of the elite and the CEOs. But now, there's a lot of, a lot of the, the mega types and the Republican Party are being convinced that CEOs represent, you know, the elite and the Liberals and so they're, I don't know. It's, I think there's a lot of confusion in general, but I don't, I'm kind of thrilled that the confusion is working, at least in this instance, like, at least their, their angry, at the CEOs. And not like, typically they would get. I don't even know why Republicans used to be mad at unions, right? Like, I don't even know how they got convinced to hate them. The first place business, the disrupt America, right? That's what race. This man, anti-capitalistic, you became a businessman. The unions will come for you, right? Working class person. I mean, I will say I was raised in a heavy Union Town in Maine. The the number one business, really, the only business in town was a paper mill and it was a very strong union. Town that was highly democratic. It's like 80% of people voted for Democrats, 20, 30 years later that has completely shifted the youth. The union has been systematically broken down, but that town now pretty much is a mega Town voting for republicans and so it worked, you know, they broke their souls anyway. That's the that's the second story of the week. Third story is, is one that maybe only interest me. This is out of the New York Times, the disruptive power of weight loss drugs, Is being felt Beyond Pharma the reason why I picked the story is there's another story that features Walmart talking about how the company has seen a slight change in food, purchasing habits of people taking ozempic. So they are actually looking at the data of people. They know we're taking these weight loss drugs, and they are seeing those people buy less food how how I. So I saw this headline and was intrigued all. So the Walmart marketing to me has a farmhouse, yes. Among others access to data, right? But it's not over the counter, right? Yeah, but but always right, always right, right? They have in store for pharmacy. Yeah. So how are they? They're like, what are they using, like, how are they tracking these people? They're literally term. They're literally tracking their grocery, their grocery purchases. They're looking at, they're comparing why? Like, if they have. Why does Walmart have like one of those cards like a Like a I'm sure they always why they're tracking, is that they're seeing overall, that, that they're the money they're making through normal. Grocery is shading down and I think part of it is there one way. I just don't get how, I don't know. I was like, how can they tell this already? Because this is a fairly new phenomenon, like ozone. Like, there's carrying about it this year, but how are they getting this data that can suggest correlation all? Well, there, it's their data and there's, and they're saying it's, it's slightly lower. Like they're buying slightly less food, it representing slightly less calories, but this is their own data, that's how they're getting it. Meaning that they're going to stock their shelves differently, I don't know. But Now, they're saying there's like a, there's going to be a, the junk food companies are going to be at war with the, with the weight loss, drug companies. And I find the whole thing to be absolutely fascinating and riveting. Despite the fact that I'm angry, because I have spent my whole life, dealing with, like, having to try to find willpower to not eat everything. I want to eat because I want to eat everything constantly. Yes, but now there's a drug to take care of it but I, but again, I don't have been long term health studies on this drug though. So you think that people take the drug would be like whoohoo? I can eat whatever I want. Now it like literally no you not hungry. It makes worse kind of nauseous even? Yeah. Yeah, it sounds absolutely disgusting. Yeah. It's not good for people that don't have diabetes, it's not healthy but you say that Jesse and I want to rip apart this drug. But there are so many Health complications to being obese, though. No, I mean, Just not. Wait, alone is a good start. Sure. I'm not saying that. Like, it shouldn't be used to drop like like a quick 10. 15, 20 like if you're obese, but I don't, there's been no long-term studies. And for what I heard about scientists and like people in the wellness industry, talking about it and Like breaking down how it works, it just doesn't it messes with your insulin resistance. So then when you get off of it there's been a lot of like rebounding and then you're less likely that your body can tolerate these calories and carb heavy foods which are inherently bad anyways. So I don't know, I'm not to mentioned the fact that the junk food industry wants to double down and fight like if there's gonna be more advertising and more promotion of shit food. That's right. What a dying War I like it. Yeah, it's bizarre. Absolutely bizarre. I love the obscura thing for story. The week, the fourth store the week unfortunately is not so obscure. It's something. We've been hearing a lot of recently that is just horrible executive Behavior, really? That's the only way I could think of it. And and these very specifically a certain type of horrible, specific behavior. But I have three new stories that came out in the wall and the last couple Of days, the first being Abercrombie & Fitch. Says it's a bald by allegations against former CEO Mike Jeffries. It begins its own internal investigation, it turns out that there was a BBC How does story where, at least eight men were alleging that Jeffries and his partner? Were that these people were exploited for the men were exploited for sex. And let me give you a little background here because this is the the shocking part of it. To me, the original story from night from 2014, is that Mike Jeffries announced abruptly announced his retirement, okay? But before that Jeff, the CEO Jeffrey has become a lightning rod for controversy in the big one. Was that in 2006, he said that the brands clothes were more for cool and good looking people. he also Drew criticism from consumers and youth advocacy groups who blasted the Brand's marketing tactic under his reign Uh, for featuring scantily clad teen models and its advertising and often having shirtless male employees greeting, customers to its stores. And let me just say that that he apologized for all this and change all this. But yet he's, you know, he's kept his job, he's kept having 2002, the company, pulled controversial racist t-shirts, one t-shirt, show Chinese Laundry workers with conical hats in the phrase long Brothers. Laundry service two Wongs can make it white. I mean, that's just so crazy and then they're more of this in 2003 they got into trouble for putting out catalogs some of, which featured nude young adult models and sexually suggested poses. And finally, in 2004 The company agreed to pay a to pay a 40 million dollars to settle a class action lawsuit that alleged the company engaged in workplace discrimination by promoting white workers ahead of black, Hispanic and Asian employee. So all this was going on under his tenure I don't know why that characterized him. Yeah. Now they're appalled and and I don't know why they characterize him as leaving the CEO job as being abrupt. I mean, Jesus. I mean, anyway repeating the cool and good looking, you know, for the brand for just those people. Far more recently in 2006. Well he he stepped down 2014. Yeah, yeah. But I'm saying he kept saying that over and over. Yes, yes. And again the reason why I bring this up is maybe I'm trying to make a parallel to Elon Musk. I don't know what I'm trying to do, but which but the point being is that, you know, the more of these horrendous stories that you accrue as a leader, you have to start. Seeing them as being significant, right? They mean something ultimately right, right? The second horrendous story staying in the same category here is that and this is a story. We covered a lot back in the day. Five former Ubisoft Executives were reportedly arrested following a year-long sexual assault and harassment investigation, within the company they were just arrested in France yesterday I believe this isn't that one arrested you know that yesterday and today I give credit to France here because I know France is going through a lot of problems with domestic violence and they're trying to take a lot of these things seriously so maybe this is part of it part of the new initiative but this includes former Chief creative officer and a former VP of editorial and creative services. So this, let me remind people that these allegations emerge in 2020 against multiple Ubisoft departments and Studios. And the only thing really that happened was that Ubisoft, the company committed to making major changes following the allegations, the CEO publicly apologized about 37 different times. They fired a few people but that's about it. There were reports after that, he promised these changes that Ubisoft employees cleaned that nothing has changed. And I looked at the Ubisoft board. The heinous thing about this company is that since these since these scandals broken in 2020, only two directors, stepped down. Both both were women, oh my God. Yeah, who had, who had nothing to do with any of this and that this company is is this is a very unusual in our database re I'm sure you can attest to this company is dominated by five brothers the CEO and four of his brothers that's Eve gamaldo. That's the CEO and four of his brothers dominate. This company dominate the board, they control 80% of influence which means that at this company. Nothing's gonna get done. Yeah, women represent 43% of the actual bodies on the board but only 16% of actual. Wow, influence. Yeah. So it's a, it's a again, like these things are meaningful, you know, I mean, I don't know if we have a power gender, power Gap, so big, but we should take an extra look at these companies because it's alright, it's something bad, it could be a red flag for the best job already, set off all the alarms, right? So that's the second bad thing in the third bad thing that just happened yesterday, is that English actress? Julia Ormond sued convicted sex offender Harvey, Weinstein of sexual battery and accused the creative artists agency Disney and Miramax of enabling wine scene. Sexual misconduct, the lawsuit said that the men at CAA who represented, Ormond knew about one scene. So did his employees at Miramax and Disney and Brazilian none of these prominent companies warned her. That one had a history of assaulting women because he was too important to powerful and made them too much money. Not that it really matters to the story. But my first job in New York City was in the Tribeca Film Center, which is the building where Miramax was where Harvey Weinstein. Worked and two doors down was the office of Julia Ormond. And, and I can tell you at the time that I started that, that job in 1995, I can tell you at the time that the, the entire building, That was not just Miramax. Miramax was two out of seven floors the entire building new about this asshole. I mean, this was like a this is like a known thing. You know, again, this is like 20 years before the me too movement, but but it was if we knew I mean, and, you know, we were regular schmecks, if we knew what was going on, then, clearly the companies knew the executive's new, the shareholders knew everybody knew. So this is like, just an important pattern of behavior that was that was like, you know, let Happen for years. So I wish her well in that lawsuit. Anyway, those are like for Abercrombie & Fitch at least, like mid-2000s early 2000s. Super high sales, right? And they started declining a little bit and in 2014 when you know, this dude, that there's been so much complaint. Of steps down is when the company is not doing so well, right. So as long as you're making money, no one's gonna look know. Yeah, there were so there was something to show. Yeah, I think it is and there was something about that business model with, you know, with like shirtless teenage boys. Yeah, that's I think our culture, like, for a while it flourish and then you're right as it kind of fell out of favor in general, the company suffered and you're right. It was after several down quarters. Yeah. When he quote abruptly resigned so you're right. Just like with Harvey Power money. All that. That's what keeps the behavior going, right. Insane. And the same thing could be said at Ubisoft, which is one of the most powerful video game makers on the, on the planet. And the reason why that those brothers are allowed to keep going is that they make games that make yeah, that make a ton of money. So, there you go. So here's my big four stories. SPF trial strike at Kaiser Permanente. The Ari, put a dystopian war between weight loss drugs and basically like food sellers and then more abhorrent executive Behavior. That's what I got. I love that. Nowhere. Here is the speaker of the house. Being. Ousted aka the CEO that has a represent. Yeah. Well, I couldn't really wedge it in here. And I don't really care because the, because the new speakers gonna be just as horrible as the old speakers. So I don't really care. All right, let's see, oh gosh, got I don't know why I like SPF haircuts so much. You like the haircut? No I don't like the haircut. I like all the attention on the haircut. You like attention. It's not through kind of attention, I appreciate. The wrong type of attention, but yeah. Yeah, I wouldn't go with that one. Here, I gotta say. Two of these stories really hit home for me because not only that I you know again I was my office two doors down from Julio but my college essay was actually believe it or not about my big about my big hair. The whole essay was about my hair and how people judge me just for having big hair. Yeah, we just, we just found my essay. So if you want me to share the world is validating your feelings right here. I know. Okay, that's your vote, Jesse. What do you think? Let's do it. SBF is the story of Know my Runner or out there? Riser Kaiser strikes. All right, so that is story of the week. Let's transition over. Oh, I love a double transition. Who's up? Oh, good least the week with are we haven't done this in a while. I feel like and, you know, you some of what I would have said as goodly since the week, like the executives getting arrested. Are you kidding me? That never happened. Yeah. No, it's great. Yeah, you're right that, you're absolutely right to focus on that word because we don't use that word enough in our stories arrested. But anyway, here we go. My first story for goodies of the week, this week is that gen Z is not a big fan of beer. And I like that way to go jenzie so much so that Molson course, CEO. A Gavin, hattersley. Said on Wednesday that the company is developing non-alcoholic offerings as consumers. Specially younger people Trend toward Health and Wellness. Isn't this great? I mean, less alcohol sales is great. I know I should I I should be expected, a company will pivot and, and try to make a different product for consumers. But of course, my dumb thought was like, why do you have to sell them anything? Why do you, why can't they just drink water, why do you have to create some if they're not gonna drink beer, fine? You know they also sell water, right? Maybe I don't buy water. I live in Maine. I don't need to buy water. Yeah, here's the crazy thing. Some people do still like to be so social, but I wouldn't know anything about that. Either me either, but from what I hear, there are people that exist like that. So they might want to have an alternative option. Which and they're full because alcohol can lead to so much disease. Hey, I love this. I love this. I love the Gen Z's in general, because not only that, but they don't seem to be smoking either. Really? Yeah, well you know what and the French gen Z only want to fly four times in the entire lives, right? That's true, although I will say that. When my, my daughter spent seventh grade public French school, they told her, they told her entire class that you're probably going to smoke but just don't smoke a lot. They told that's what they told, seventh graders and moderation. It's an important lesson to yes, important lesson. All right, number two, a startups alternative to Uber and its own drivers. Like this, isn't that a crazy thought you want to hear about this? Tell me more Alto is a Dallas face. Transportation startup. That was founded in 2018 and it promotes itself as a safer higher quality version of Uber or Lyft with drivers who are thoroughly vetted and they're actually employed by the company and paid hourly. All so the drivers don't use their own cars, they use the company. They don't pay for gas, they get health care benefits, they got 401k like actually employed God. I hope this works. Right. So 2023, the revenue alto's revenue grew by 30% over the previous year. They all they are very small in comparison to Uber or Lyft, though. They operate and only five major cities right now. They only have 2,000 drivers. All right, where is Uber is in 10,000 cities and has five million drivers, 10,000 cities. Wow, yeah, I remember when we thought the five? Yeah, we have a five million drivers she's but of course we don't even know how many of those people work full time, right? Exactly. I hate that model. So much on alto is only trying to compete with like premium, Uber premium okay with like the higher end. So right, Haley business for those of us who are old. Like me, they're basically just Reinventing what already existed because taxi. Yeah. When I lived in New York, I either took a taxi or I you call a car service, which they would send like a black car to you. It wasn't wasn't actually even that much money. Yeah, but now that's a fancy app. Exactly. Now it has I like apps. I'm good with it. I'm good with it. so, as we've talked about the gig economy, it's taking a lot of heat over the last couple of years. So we interesting to see how this plays out and if it works, or if it just goes Bust. I like this cool and last but not least the Fortune 500 adds a second black woman CEO. What? Yep So we missed this patients this week National this week. Wow. Science applications, international corporation, or saic. Never heard of Tony towns, Whitley, Whiteley Whitley. Oh, saic is a virginia-based Fortune, 500 technology company that supports government agencies intelligence services and the Department of Defense making Tony towns Whitley, Whiteley, how to look this up. It's Whitley. I believe Whitley. The first African-American female to be CEO in National Security. Wow, amazing, that is great. He's telling me. Already class. I know that it's sad that there's only two in the Fortune 500, but I'm gonna celebrate everything. Celebrate where we can again. Yeah. So those are my three for this week. Good. I was, I was gonna do the Uber killer because I hate the business model of uber and Lyft, but I I come on. I got to go for second black woman CEO and then Fortune 500 that to me. That's amazing. And first one in National National Security, that's a big deal. That's a big deal. I'm definitely voting for that one. Jesse. I think I'm frozen just he looks happily Frozen. Maybe she doesn't want to play anymore. Well, Jesse really like the Fortress alternative to be. so, you know, she's voting for well, I hear her yelling for. She's 500. Okay. Sounds like she also supports Tony Town, Whitley. We're hoping it's Whitley. There you go. That's our good list of the week. Look, before I go. Normally, it would be time for as holiest of the week. In honor of Matt, I will not play his theme music, I'll just play this. is that I already covered so much as holy behavior in mind that we're gonna have very happily skip this category, we're not going to get too much more depressed, we're gonna go right over To our money Whisperer Jesse for exhausting us of the week. Come on, Jesse. Oh, okay. Well, I don't mind being exhausted. I just don't like, I don't like assholes. Okay. All right. So, you know, we know that lying happens all the time. It's pretty exhausting to me but get this headline. Who lies you guys can answer this question. Who lies on resumes more often if you had to guess? Yes, I saw this article unfortunately, but I I think I would guess actually we're already landed. Okay, well, it's actually High earners and workers with Advanced decorations. Oh, surprise me why? Yeah. Why. Because I would have thought people with lesser credentials would need to be. Would feel the need to die more that I get. But why these people? They're just so highly competitive in nature. They can't help themselves. Yeah, I just don't get it or do they like, I mean, what scares me more is like, do they truly believe that they don't really need the credentials and they could tackle anything. Like I'm not. It didn't really go into the motive behind it, but it was a study of 1900 workers. And as many as 70% of workers, say they've lied on resumes 37% admitting they like frequently? Well, that's 75% light on cover letters and 80% lied during the job interview. Well, see the job interview thing. I kind of get a little bit, the resume thing. I don't understand. I kind of get all that written on paper. That is. Can I give back checking? Can happen. But through the job interviews, specially, now with all of Behavioral questions, tell me about a time. Like yeah you might think of saying something and said of like that's never how. All right, full disclosure that first job I was telling about I worked in New York as yeah. I worked in New York at a film subtitling company. It was a Parisian company with offices, in New York. I embellished my knowledge of French and my resume because I didn't because I wasn't expecting to apply to any companies that cared about French. I knew a great deal of French. I could, I could translate a lot of it. I I embellished probably my ability to speak it. Let's just say my the woman who interviewed me, who ran the company in America was Parisian. She she asked me about that. I told her that I kind of embellishing. I was sorry and she laughed and thought I was a funniest thing and it was like one of the reasons why she hired me because she was so hilarious that I would I would like about my friend. How big was your hair at this point? Oh we have to go back to that. I want to see if it helped at that point, my hair was quite was Quite short, actually quite short. There you go. Yeah, stuff. Well, I have one more thing, dare you, I have one more thing to add to this because what was More more surprising. And potentially more exhausting to me, was this little little part of the story that was added in and it's that apparently, the lion goes, both ways four in 10 Hiram, admitted to lying to job candidates. And I believe of the lion is about growth and career development. I so believe. Jesse how many times have you? But how many times have you interviewed for a company left thinking like this place? Sounds awesome. And then a week into your new job, you're like, wait a minute, this is an absolute shit show, I mean there. Yeah, yeah for sure I've gotten Bamboozled like that, of course. But what Persuaded me about the job was talking to other people that really liked it. Like despite it being crazy, you were smart, we like smarter, you better than where we came from, whatever. So I just like they were paid models. I'm thinking back on what I read in this article and I'm like This is just a pissing contest of like I lie you lie, I like what are we doing here? What are we doing here? And it doesn't it doesn't this mean that when you polling like these 2000 workers and these managers aren't some of them probably afraid to admit that they're lying to. So isn't this number actually even higher? Yeah, it's gotta be higher. All Right. Moving On. We're Going. Yeah, what else you got exhausting? So the week, we're gonna cover the ultra Rich. Oh, I have line. Yeah, the ultra Rich are not just the worst polluters their donations to climate action are also another way of hoarding money and gaming. This, oh, I'm gonna read some like quotes and statistics from the article because they're kind of shocking and get out your graphing calculator. Yeah, literally, yeah, we're gonna have to have Ari graph these so the climate Works Foundation is who was like sponsoring this article. They estimate that charitable giving to fight climate change came in around 7 and a half billion last year by the ultra Rich 7.5 billion. Okay. Which sounds like a lot. However, yeah, sure. We're talking about the ultra Rich here and it's only 0.5% of the money sitting in private foundations, or advise funds, and it amounts to only 0.04% of their 0.04. Oh my God! That is so low. Oh wow, yeah this is what happens when you like don't tax people in the first place, right? I mean, yeah exactly. That was one of the points that they were driving home is like one of the ways. There were a few ways that they outlined that we could remedy this or gain a little bit of money. A little bit more money to put towards fighting climate change and that was one of them. But there was another another statistic that the world's top 125 billionaires, which like, to me, wait a bit excessive like, why do we have this many and averages the top, right? Right. There's more 25 billionaires and average of 14% of their investments in polluting Industries such as fossil fuels and materials, Only one billionaire in the sample of 125 had investments. In renewable energy companies. Is that right? One? Billionaire. Oh, I thought because then the billionaires, they played a good game about pretending to care about the Earth, right? Yeah. Only one that's actually surprises me because I'm always like As I've talked with Matt several times about this issue, I'm always surprised that in general that the energy transfer that we're going through a moment. This moment in history. Why more people don't see it as an opportunity just to make a lot of cash. Right? I mean because we're like it or not, we seem to be Slowly transitioning from oil and coal and gas to other things. I just saw it shocks me that these people don't even want to try to make money off of this. Well, what shocks me is that these people spend so much time and effort and money setting up trusts so that they're great, great, great, great, great, great, great grandchildren are all set for life but if there's no world to live in, I don't know why you're worried about them. Yeah, good point that, but yeah, that's a great Point. You're just hoarding money for what? Yeah, but those are the same people who were either trying to get to Mars, they're dreaming about creating their own like utopian cities or don'ts or they're trying to live forever. They're like buying up all the land they think. Yeah. Last the longest. So I think they have another way out of that are. I think that they think they'll be alive forever and will be dead, I guess. And yeah, so Damian you you pretty much covered it. The, the way to limit the power of excessively. Wealthy people is to stop hoarding the excessive wealth which means we need to tax them and get rid of all of the loopholes that they have found with like armies of lawyers and accountants and advisors and whatnot to keep their money. Yeah, continue to work. Well, what always scares me about this topic? Is that the in my lifetime, the conservative hero, the big jerk hero in the sky. Ronald Reagan, he was always the great, you know, the great conservative, you know, God. The tax rates under Reagan were way higher than they are now even under under that conservative God. So we have gone in such a bizarre Direction. In our country is just is just it's crazy with this tax rate. What else? Yeah. What else headline I don't feel exhausted yet you're not killing me yet. Yeah. Oh, he brought her down a little. I just a lot of coffee though. So, last headline, women could fill truck driver jobs but companies won't let that. I don't like to hear about that. What is okay right now. What's happening here? So there are, I mean, So many trucking companies have complained and 14 incessantly about shortages, right shorter, just a drivers. Well, one of the women covered in. This article spent 7,000 dollars to go get her license her like take the training, get the license and she cannot find employment, and it's because they most of these companies, if not, all of them, have same-sex training policies. So they will not hire a woman unless they have another woman that could train her because the training takes place over a course of a few weeks to a month where you're on the road and of course well to protect the the new driver because oh from sexual harassment I thought it was just discrimination on the truth. Women are bad drivers. Oh my God, this is no. It's because We can't because we can't protect you from our own kind refuse to address stomach sexual harassment. Just like one of the things I know it's bad, it's bad. One of the Things that was brought up in the article, is that here's a way that you could instead of making them sleep in calves together. Why don't you just reimburse them for hotel? Like, if a member has to be with a woman and some companies are doing it, they said, but like come on, what are the call? Get them, a motel, get them, whatever, but if they're so desperate for these, I know drivers. How would that not be the first thing you would do is just put them up in their own private room, totally, totally so system. That's not designed to write here the entire population. Absolutely. Yeah. So there was no nuts. Desiree would, who is the president? And founder of real women in trucking, it's a non-profit. She was quoted saying, it's frustrating to see that we have not evolved at all. When she heard about this. And so, her non-profit has joined, it was the woman that I spoke about the one that spent 7,000 dollars. It's her and three other women have brought a Lawsuit. Okay. Again, one of the trucking companies, it's called Stevens and so, she's gonna join them with her nonprofit in the complaint against That's not our company. This is great. You should earmarked list for like most exhausting of the year. Yeah. Can I just said wild Jessica? Can you say that? Like this is one of the reasons why we want to exist as a company is they're like highlight stories like this. So I I gotta say hats off the New York Times for caring about stories like this because you know, this is what our part of what our ESG industry is all about especially in this area of corporate. Governance is like shining a light on horrible corporate Behavior because sometimes that is enough to kind of get the ball rolling in the right direction, right? Just letting people know what the hell is going on. Because yeah, maybe because maybe other trucking companies. I know they will read this article. This is the New York Times and they see that Stevens. You said is getting sued. Yeah. And they were not in our database, so right, but maybe this will have a positive domino effect. Let's just hope. And you know what this is just that like not having enough drivers is bad for business. Not being able to Trust your drivers that they won't you know, sexually harass trainees is bad business and allowed to address it. They're like oh we definitely can't address that. Let's short sighted, not hire them. Well, the problem with this overall, Jesse. My only real problem is that I, hey, I'm happy when there are fewer trucks on the road and be why can't we address the the national sickness of needing so many. So many good shipped constantly. And that's a whole another story. However, yeah, that's, you know, They need truckers for food, too. Damien, sure. Disgust. Let me recap My article. Yes. Liars, Liars, Liars, in the corporate, corporate interviews and presidents and all of that, okay? The ultra-rich being exhaust, just continuing to exhaust us with hoarding money, affecting politics, not paying taxes. So on. And women could feel truck driver jobs but the companies will not hire them. Oh just like completely killed me. Oh I I that's where my head is taking me. But let me think is that exhausting me? I mean I didn't really know about this is that thing or I mean I gotta just for the spirit of that one, I guess, what does exhaust me is the that instead of, Fixing it right instead of addressing its house and addressing its it's it's horrible people that it employs in this horrible culture, they just say no to the women so that that's kind of get sued. And right. So this is like a systemic historical exhaustion. So I'll vote for that one, too. Absolutely. So looks like all of our categories were sweeps this week, so Story the week. SPF trial. Good list of the week. What was our goes to the week? Oh the Fortune 500, add to Second black woman, Tony Town's Whitley and Exhausting of the week woman could fill truck driver jobs companies won't let them. That's it. That's all we have for, at least for the stories. Do you want to? Anybody have before we get out of here? Anybody have any winners or yeah? Winners. Yeah, you know, corporate parallel. King the NFL won the week last week because I did Taylor Swift showed up too. Well game, you said that they wanted again? Well, you did twice in a row. You picked up this depressing? Yeah. No they did. They won again the amount the millions of Young women that tuned into. The football game on Sunday. I can't even tell you what the fuck. Everyone. The game. To watch. There's multiple on something little like two second bits of Taylor Swift. It's really giving them a boost which is crazy. So I saw I saw an article I think of a dead spin yesterday basically saying that this is the first time in NFL history that they have supported a woman know really and really if you think back and really I think partly what they're referencing is just the is the abhorrent, you know, history of domestic abuse from their players. But also just that the it's only been the last year or two that they've even allowed women to hold jobs at some of the like, you know, a coaching jobs or executive roles or, and there's still few and far between. But this is the first time they've ever been nice to a woman basically, so congratulations. And I'll My winner of the week, I say this with, you know, are quote say this with sarcasm? Of course, is just here just normal hair. That's the winner. Just like cut your hair, you know. Look like a waspy white, dude. And you're good. You're good. I know I didn't work at. Where was it? A science applications International saic. I guess he didn't have to have normal white guy here to get a job there but in general, that's my winner of the week, normal hair. Jesse, I have a winner so Forbes came out or not for Fortune came out with their list of the 100, most powerful women and I decided to check it out. I'm choosing Karen Lynch CEO of CVS, as the governor, because in this is why she landed that. Accolade number one was powerful woman. This is her third year in a row being a winner of winning this of winningest. Wow, she has terrible performance. Analytic averages point two, four seven. And she know she's Landing this Accolade, three years in a row. It's wild. You know, I saw those same list as well, and I thought it was laughable, that Linda yaccarino, she made it to which, we know. Yeah, we we could make fun of that. So I Karen Lynch you're doing something right? Because you're tricking, a lot of people. It is a good point, though, or it does it does call into question the, the list in general, right? Because Fortune Magazine should know that, there's no real power to that job. I mean, it's like, she's almost like a laughing stock in a lot of ways, you know, like, we should, we should dissect this list because it's the 100th women and I, I would guess I must cover a lot of them. Karen Lynch, does have power influence on her board. I did check that out. She does but not I'm looking at it right now. Overwhelmingly not overwhelming. No, no. But we should I should go through that list of 100 and really with that breakdown of the next six. Most powerful people on the border all men. So good luck here. Yeah. Thanks, predictions anyone. Staying with a healthcare theme here. Yeah, let's do addiction for Walgreens, who's CEO and board member Roz, Brewer stepped down, September 1st, or at the end of August. I think they're going to pick a CEO that they already know. So either I mean like a white dude you mean our previous board member or previous executive at the company? What has left? Are you yeah. What do you what? What made you think about this? Like where did this come from? I mean I like it but we're what are you doing here? Are you like, did you just buy a lot of stock and Walgreens trying to promote them? Yeah. It's the reason why Tony towns Whitley is the second black woman. The Fortune 500 right now is because Ross, Brewer stepped down. So there was only one, oh, there's two. Okay, I got me thinking. Ha who's her? There's an interesting video right now but interesting. Yeah, Jesse. I don't prediction this week. My prediction also stays with drugs Ari and I don't know I don't know if this is like a very nuanced intelligent prediction but mine is basically get it while you can. There will be a major health issue that disrupts the weight loss drug market like something serious is going to happen and they're gonna take this all this off the shelf but just I wrote that I promise you, I wrote that earlier today, at 124, this headline came across our news feed Weight loss drugs like ozempic and we gavi come with potentially serious side effects study fine. So I I promise you, I made my prediction before that study came up but that's my prediction and That is the Friday show for October 6th. 2023. Thank you for everything, everybody. Thanks for good Lies. We will be off. Monday to honor the indigenous people of this great country. It will be off Monday. We'll be back. Wednesday and of course. Next Friday. We'll we'll wrap everything up like we usually do. That's all I have. Anyone have any plugs? Anyone want to tell? What they're doing this week? Anyone saying anything? I'm gonna shake my head. No. Okay. All right. I guess that's it. Thank you. Go enjoy a non-alcoholic beer and that's I don't know. Leave me alone. Get a haircut.
Data as of Oct 14, 2026