Transcript
Live from the giant hangover that is 421. Is that true? Other one of you hung over? Or, you know, admit that, no, not even a little bit. It's the hairy guy is back thirsty. Thursday edition of business pants. Join is always by Emma. I leave work early to go to NBA playoff game. Yeah, lurking. Yes, and Matt has told us probably 43 times, he has lactose intolerant Miss cardi. I'm Larry Birds hairstylist in today's bag of nobody cares about 421 nuggets. Called April 21st 2022. Nobody Damian plays, the trade desk, CEO game, and Emma plays The Mad Libs headline game and Matt just plays our stupid game, a little a little Pot called The Kettle here. Given Mr. I haven't been here for Monday, Tuesday or Wednesday giving me crap. Come on just shows up. Look at that. You just shows up and starts slinging mud. In fact, I was in the city of the TD Garden. It's true. So I was, I was close to a playoff game and leaving work early. By the way is like 4:45 like it was almost five. I don't care. Same difference early as early. I like how Emma thinks 5:00 is like the end of the day. I know that's where we're professionals here. We're a finance company. Yeah, 1 a.m. or nothing. Matt, you ready to play some games? Yeah, I like the oddly specific trade desk, CEO game. I'm excited about this and Emma. Do you want to play the game with Matt? How do you know answers, so it's up to you. Well let me play whether you want. Okay, here we go. Here we go. Biggest CEO pay package so far. 835 million dollars to the head of an ad Tech firm. That's the headline from The Wall Street Journal. It's very specific, isn't it? They say, CEO and AD Tech firm. They're really giving you a little details so far. So far. The bulk of the pay package given to the CEO reflects a stock option award that vests or becomes exercisable and eight batches. If the company's stock price Rises significantly over the next decade. So don't laugh because this is what happened to Elon Musk and it was like a billion dollars. So it's close to this one and all the corporate governance experts were like, wow it's not gonna happen. So whatever but you know what it happened, it does. So This Is The New Normal Elon Musk is reset the way past history books. Tim Cook got the same thing. In honor of the biggest PayPal package, so far in 2021. Let's play the trade desk CEO. Was already rich quiz game called the trade desk CEO is getting richer. And does anybody know the name of the trade does CEO and does the Wall Street Journal even know the name of the company quiz game? Wow. Okay, the game got more specific. Here we go. First of all, Matt question number one. Yeah. What the hell is trade desk? I'll give you some options. Oh, I like options a desk or trade happened. An American multinational technology company that specializes in real-time, programmatic marketing automation, Technologies, products, and services designed to personalized digital content delivery to users or an ad Tech firm. Well that I'm going to say that. The second one sounds like as a one, I should pick, but the headline said, an ad Tech firm, so I'm going with that. Well, you're kind of right. Actually, I'm gonna give it to you. Because it's both B and C. Those are both correct. Those both both of those answers. Boom, nailed it. But don't you love how the Wall Street Journal mention owning and working and running this company in the Wall Street Journal can't even say your name in the headline. Like you're just a part of an industry you know not even get to be a name if you said trade desk. Okay. Well good point. That's why I was the first question and our quiz. Here we go. Number two, who is the CEO of trade desk Journal, didn't tell you. Okay, here we go. And I did this helped you out here in order of the most, common last names in the United States. Color-coded last name, here we go. First of all, Jeff Brown, that's the fourth most common. Okay? Jeff White 24th, most common Jeff, Green 41st, Jeff Gray, 87, Jeff, black 174, Jeff blue that's the 1466 most common name in the US or Jeff Redmond that's the 1647 most common name. All right, if I'm just playing the game straight up, right? Like it's a oh, I have to think like Damien and I do not know the answer to this question by the way and I'm going to guess, it's got to be either green or gray because they're in the middle. You wouldn't know, I did, I put them in order of the most common, I know. But this is the kind of thing that Damian sees his name and his, like, I wonder how many Jeff Jeff Gray's there are and then looks up and he's like, oh my God, it's like the 5th most colored names. And that's now I when I'm constructing the question, I'm gonna go as far as Jeff Redmond because I, it has to be somewhere in the middle. So it's gonna be green or gray. I'm gonna go with Gray. Jeff Gray. Oh, I'm sorry. Oh Um the there was actually a hint embedded in the opening of the show and that he is Emma lurking. Who went to a Celtics game. Not only is the Celtics Celtic green but former Celtics player, Jeff Green. So yeah, this the CEO is a lot of deep trade, moving on. I have to say, I was right there. I was like, oh, Jeff Green Celtics? I knew yes, it could have been Brown. True. Oh, see. See, you're already understand how these games work already. I like, they're ridiculous. But we're learning things and we're about to learn even more. Moving on. Number three, even before this 2021 pay package, where it does, Jeff Green's, where is he ranked on a list of the wealthiest Utah residents. First, second, third fourth, fifth cetera, whereas he ring the wealthiest YouTuber, I would like some more options, Beyond 5th. Well, I have etc for you. I'm gonna go with. He's probably not first. I'm gonna give him the second wealthiest person in Utah. So this is a company awarding the most, the wealthiest Utah resident. He's the first the most, he's the wealthiest YouTuber resident with over 5 billion dollars worth. This is a company giving him another billion dollar. What's the incentive there? I got asked, I He the same guy who spewed conspiracy theories. Oh this let's let's move on maybe this will help you answer the question. Actually, this will help you answer that question number one, don't Google thinks stop. You get away from your whatever you're doing over there, I you know, macrame is fine but no Googling Emma's right? Number four, Jeff Green, the trade desk CEO who is a former letter they Saint missionary and bring him Young University. Graduate said what About the Church of Jesus. Christ of Latter-day Saints in 2021 very, very famously covered here. Did he say pray to have eyes to see God's hand in your life and the world around you? Did he say may we see the Light of Christ and others constantly help them. See it in themselves. Sorry, definitely didn't say that. Did he say as you obey the impression from the spirit will come more frequently, becoming closer and closer to constant companionship or did Jeff Green trade, Dusty CEO say I believe the church is actively and currently doing harm in the world. The church leadership is not on us about its history, its finances and advocacy. I believe the Mormon church has hindered Global progress in women's rights, civil rights, and Rachel quality, and lgbtq plus rights. I'm gonna go with prey to have the eyes, see God's hand in your life and in the world around you obviously. You're right. No Jeff green. Kind of famously spoke out against the Church of Latter-day Saints and then he rescinded his membership. I didn't need to do that so so I guess that answered your question. He's probably not a conspiracy theorist if yeah. Who am I? Thinking of Emma will cover the story. It's a part owner of the Utah. Jazz. Yes. Who was sending emails and about like the covid conspiracy. That's right. That must be the second richest person in Utah. Not the first. Yeah, that's where I'm getting a confused. Not. Okay, he's mad. He's not joking. He was a CEO who fled to like maybe the Cayman Islands as he spewed that the Jews were controlling cold. Yes, it was. The, it was the Jews control covid. Yes, something like that. Yeah, yeah. But I don't think he mentioned Holocaust playing moving on number five, according to conspiracy theories. Just control a lot. Congrats know. We do you know. Yeah, definitely good work. Thank you. Okay. Number five. Uh so Jeff Green so he made a size of all sizeable investment as part of this quote right? He made a very sizable investment quote he called it sizable to send a message that equality Utah isn't going anywhere. So I'm asking you man, what percentage of his 835 package is that sizable investment represent 70% 7% 0.7% or 0.07% Oh, well, let's see, 835 million times. Remember to sizeable Investments, That 150,000 bucks is what point zero. Seven point zero seven, Yes. That's the sizeable well because you're you're the clue here was once I can figure out what the point, what the seven was, then it's 1.5 million or 150,000 or 15 million not gonna happen or like it's just. I once I figured that out, then it's it's obviously going to be the lowest. Yeah, so this dude who's about, who got a 835 of a, real message was a 600,000 dollar investment. That's a sizable investment and bonus question. Matt, what does the equivalent sizable investment from our median? American Wholesale, what is the equivalent sizeable investment from media in American Hustle? Like Out of 30 bucks. Yeah, close out of 122,000, dollars the meeting house American household, makes it would be an 85 dollar sizeable check to show that, you know, to prove. Okay. Moving look, 85 dollars, buys a little you a lot of Netflix and they could use your help. Yeah, the could actually moving on two more in our beautiful trade desk quiz game. Matt who, who controls the voting power at trade desk and thereby has the ultimate authority to approve or deny this CEO. I have no idea. Could it be the CEO himself? Well, how did you know that? That's right. Jeff Green himself, controls 49.3% of trade desk along with his business partner and CTO, who was my favorite name of 2022. David Pickle's. And you said, you know, it's great Jeff Green controls the voting Power by this magical potion, that gives his class B shares, 10 votes per shot. I don't again, I don't know how they do. This Alchemy, I've never seen them make the potion alive. I've seen every Harry Potter movie. I've read all the books. It's okay. It's a pretty cool trick. Isn't it? 10 boats per share. I love that. all right, finally Matt, I want you to name two, distinguishing facts about trade desk, compensation chair. Catherine Fallbrook, who was an independent director. Okay, she's independent of management and Jeff Green. Now, you name. Two distinguishing facts about so good. I'm coming into this, totally blind. I've never looked her up and here are my guesses, my pure guesses. She's been with trade desk on the board for at least 15 years. And my second guess would be. She is somehow involved directly with a philanthropic activity that Jeff Green leads. Look, I the spirit of your answers, correct. So I'm gonna give it to you. The details are off but I think you you're right. This woman is not independent, here we go. Well, first of all, she's super busy. It may not be paying attention to his payback package because she also does this on four other boards, nice sleep done. So she's pretty busy just got five, I just listened the C. Ease of the companies where she's on. Other boards are Jeff Brown, Jeff Brown and Jeff Redmond. to our the other distinguishing Factor about Katherine fahlberg, chair of the competition committee at trade desk. Is that she oh she happened to previously work with Jeff Green at add ecn. The world's first online advertising exchange that was founded by Jeff Green so they worked yet. I I think that's 100% correct for me. That's my no no you got that. I know that in a bonus question as we end this game which two Of the following quote did the CEO of trade desk say about his company's new independent director, the same director, that would share trade desk competition committee. Yes, that's Kathryn Fallbrook and be ultimately responsible and setting. The trade does CEO's pay package. So what are the two of the Fallen ones that he said about her as she joined the board? This is real. I got this from the press release. Just this morning. Okay. Which two quotes did he say about her? One. I've known Kate for nearly 10 years. Oh, Or two remember named which two quotes or two? I'm delighted to be working with her again. Oh, he said both. He said that right question. Honestly, I've never seen that in a press release. Its a press release and yeah, first thing, even before he listed her qualifications to be on the board. The first, very first thing he said was, I've known Kate for nearly I think that's fantastic. There's no need to hide it. He has all the voting power. Anyway, he might as well just say Kate. And I decided this when we were taking our kids to soccer practice, we hang out every weekend and have for the last 60 years, like he might as well just come out with it. That's great. It's fantastic. Yeah, that's the that's the trade desk quiz show and really, I only put the shirt together to point my finger at all the ESG research companies to say, give all the give, all the Dual class all the dictatorship. Give me an app, give him a spell. I like that, that was so specific. Less intensely specific game but still a game. So yeah. We're going to do a stuff. You missed Mad Lib Edition. This lovely though. Damien Mr. Everyone, we all missed it. We were talking about Elon for too long or something, we all missed it. So before I got to the information spewing of my segment I'm going to make Matt Damon playing game. First, here we go. Wait headline number one you will the Mad. Lib will become clear to you. But FDA investigating reports of illness from blank. It is an item of food. Oh, I mean my Chipotle? Yeah. Coli are you? Yeah, I always think Chipotle. It's just Chipotle. The answer is Chipotle. Yeah, I'm gonna go with that. What that? I'm, I'm truly sorry. But looking for the bunch of, Us. There it is. If I found it. It is not Chipotle. It is Lucky Charms. Actually. Oh yes. Oh I did see that. Yeah, I did see that, isn't it? Cardboard reported to? I was poisoned.com that they were experiencing nausea stomach pain diarrhea or vomiting after consumption of okay. Lucky Charms. And I didn't know that I was poisoned.com was a thing but good to know. That's the real. Yeah, I love I love that instead of picking up the phone and calling either the doctor and 911 that they went to, I was poisoned.com something probably created in 1994. And more than one of them. More than one of them did it. I who knew who knew that 3,000 of them did it and the FDA itself also received over 100 reports of illness after consuming Lucky Charms over on over 100. I mean, hey, that's like how many complaints there were about Janet Jackson's nipple during the Super Bowl way, more changed, everything way more. Um, but you will be amused to know that Lucky Charms, producer General Mills stated that. And internal investigation has not found any evidence of consumer illness. Linked to the consumption of Lucky Charms shocker. Yeah. What internal investigation work it like they sit down Bob and they give him a bowl of Lucky Charms. 35 minutes. He basically 40 Bulls of Lucky Charms Badges and they just experienced stomach pain that would. Yeah. Have you seen Bob Emma? I don't know. Bob this is his full-time job moving on. Number two Let's see here. Okay. Finance created a Twitter emoji. That looks like a blank then deleted it after facing a swift backlash. Come on. Well, this is I'm already like yeah, I'm already like thrown the like, by kind of by Nance. Yes, And then Twitter Emoji, they created a Twitter Emoji, they have their own Twitter emotion. They have their own emojis. Yes that's the thing I'm gonna call I'm gonna say a Bitcoin in blazing Russian flag. All right, Bitcoin created to go. So that's gonna be Russian flag. That's Matt's answer. Yep, I'm gonna say a Jada Pinkett Smith like bald head Am I allowed to say that will not anywhere around? These are really good guesses. Yeah. Just as I wasn't quite expecting. But no, not quite. It's just yeah. What could a classic simple swastika, you know? It's just, you know, I that's always my go-to. I know that would be, but I would like, come on. I mean, no, it's impossible. It's impossible. It was simply just a swastika, really. And they were calling this Emoji, a hash flag, which is bad enough and then, it looks so much like a swastika. If you go and look at it, it does 100%. Financed, almost immediately took it down and they then tweeted the following, which is arguably the funniest thing. We are not sure how that emoji got through several layers of review without anyone noticing, but we immediately flagged the issue, pulled it down in the new Emoji. Design is being rolled out as we speak. They also said that it was embarrassing, which it was imagine being like the third layer of that. Review because they're saying several layers, right? Several imagine being like gusts on layer 3 and being like, I mean, Chandra said it was fine, but this looks a lot like a sticker. Oh sure. We're going with this. I guess I passed it through. You're getting two important points here. One, it was, it was it was put out on 420. It was every layer of review was high, but also this isn't good. For binance 420. Is also happens to be Hitler's birthday. Oh really? I should you not yesterday? April 20th. That's not why blank are blank has an edge in bidding war for Denver Broncos. Who's Walmart's air, right? It's Walmart's. I know that I know the answer to this. It's one of The Waltons I will. I mean I'll agree with you because I always thought the bronc was a very corny. There's something very corny about that organization. That's seemed appropriate that the Payton Manning Walmart, they're quarterback, everything about it away. It's all bunch of. I think it's the it's it's the same, it's not. Is it the same Walton that is like wants to build a Utopian city? Oh, really wasn't that one of The Waltons? Yeah, I believe so that you are correct. It is the Walmart are Rob Walton who robbed robbed? Of course, his name is Rob, come on. The team is going to go for about four billion allegedly. Me and Rob Walton is worth about 70 million or sorry, 70 billion of 57 of which is in Walmart stock, which just means he is, plenty liquid to cover that 4 billion. And there are only 18 people on the planet richer than The Waltons and none of the current opponent bidders would be able to outbid Rob. Yeah, look, I'm gonna say about Humanity, that one like that. The richest people in humanity. Are people who basically build giant boxes to sell you crap, you mostly don't need. What is that say about us? Great. But on the bright side, if you was successful in his bid for the Broncos Rob Walton would be the would be the country's second richest sports team owner right behind Microsoft. Steve Ballmer, who owns the Clippers. Let me ask you this. I know that the NFL is really been pushing to get diverse ownership. They want they want black owners is, is black, is Rob Walton black, ask you that. I would go with, no. Very light. It's a shame. But, you know generational. Well, typically white guys. It's NFL, you're so close, but a rich guy came along and we just couldn't sell it to the black guy. There's they're the scouring the world for the 17th. Most rich guy in the world to buy it and hoping that that person is black. All right, finally. Yeah. Blank is capitalizing on the shortage in US student housing. Charlie, what that means? Oh, that. Why is that Matt? How is he, how is he doing that? I don't know the answer. I'm guessing Charlie Moore because he's come up with the greatest windowless dorm ever that can probably be building by like six people in 45 minutes. All right? The comedy. It's not a person. Yeah, I mean, the obvious answer of course is Airbnb, right? Because the I actually I think the answer is Blackstone. I think they went out and bought a whole bunch of compass. Real estate like a real estate company that manages dorms. Annoyingly, that is correct. Yeah, so black, so nice. Right all the time. For one Blackstone bought American campus communities, for about 13 billion, which owns 166 properties across 71 University campuses. So that's the thing about Blackstone, Emma's like Blackstone yeah. Scares me. I don't like them. Yeah. But they bother me. Blacks don't bought a bunch of student housing for 13 billion. That's they could have bought three Denver Broncos for that. Bye. Good. Or they could have about two and a half. The kid about two and a half. Jeff greens. And get two and a and guess what? Blackstone. Blackstone has the word black in the name of it, which means it would have passed the Rooney Rule in the NFL the way they currently. That would have been enough. What about Jeff Green? Could that have also could that also count as diversity, diversity? Where there was no way we're derailed right now. We're right on top of that. Thank you Emma, that's all I got. That was business pants by free flow media. Tomorrow is our long show tonight. We're actually talking to a fancy expert for our show. Beautiful Rachel Ellen, Bacchus from She's an Australian journalist covering ESG. She has serious credit for me because she actually used to work at the Boston Phoenix. Once Upon a Time. Yes, she's legit. She's the real deal. We're gonna have her tomorrow. Otherwise we'll be back with lots. More to say someday, goodbye.