Transcript
Hello, live from Burbank. Television Studios in downtown Burbank, California. It's a Thursday quiz show Thursday here at business pants. Join as always by Emma, Casper lurking and Matt Hard, stop at 150. Mascardi, hard, stop. Let's do it. I'm the guy, I'm the guy with cold hands in June and today is apricot shaped bag of burnt ESG nuggets called June 9th 2022. A big fat fun quiz for Matt mascardi. Yay. It's just me playing. Everybody's excited now. This was a lot of pressure for me. Are you ready? I'm ready, as I can be. Are we listening the whole time? Please say, no. Yes. I wish I went over 100s of our headlines, literally actually was 1000 today for for some bizarre reason and I just I don't know I just I put him into some shape. I put into some quiz shape. Here we go. Ready. I have no idea if I'm ready. You don't know what's going on. I literally did there was no reproduction. I didn't read this at all. This is all Damien. So when it crashes and burns, you know who to blame. It's always all me. That's always just making money for the company. All right, here we go. Somebody's got it. I think you're I think you're right about that. You got the first, the first one, right? All right. Get me. Give me a point. Somebody has to do. All right, here we go. Here's the headline. Lufthansa CEO offers handwritten apology notes to Jewish passengers denied boarding, do you remember this story, man? I do remember this story. This is sad and terrible. Saturn, terrible story of lutein, just taking all the Jews off the plane, because a few of them, because a couple of them were wearing masks, they pulled all the Jews off, here we go. Describe one feature of these handwritten apology notes map. Describe one feature cursive Know. Only this quiz is gonna be a train ride. Only the name part is handwritten. I actually I got a pee, I got a PDF on the letter from Lufthansa CEO only the name. He only wrote the printed out for 40 of it and he wrote his name in blue ink. Nice bluing describe one other feature of these Henry apology notes, Matt. Well, I went with, I went with cursive before thinking that he actually wrote it. And this time I'm gonna go with misspelled names. To let. The letters were only sent to those passengers who have not signed onto a class action lawsuit against Lufthansa. He shouldn't be laughing he did but yeah this yeah I shouldn't be laughing so he's not apologizing to anybody who's suing him. That's Corey. Yeah, yeah. Okay. Moving on. Here's a big one. Oh, Amazon's proxy. Indie, Jessie. Salary released. The median worker salary at Amazon made. What in 2021 Max go ahead. Just come on, medium workers. Like 30 2000 612. Wow. I mean we could stop the show right here. Matt, that is incredible. The median worker salary was 32,855. Are you serious if we're playing prices, right? The show should be over right now. Yeah, I really just nailed. And I'm not, I'm not gonna, I'm not kidding. I did not look it up. I have no idea. That was purely a. Guess, how much did Andy Jesse make CEO and Jesse well, you just became CEO. So I imagine he's golden. Hello is included in this year's PayPal package, which would put him at 117 million. So besides like you're more of a Main Street guy than a Wall Street guy, Andy Jesse 212.7 million dollars. So I mean, come on I'm only off by 100 million. That puts the pay ratio CEO, pay ratio at 6,474 to 1. Matt, here we go. If we, if we redo compensation so that we figure pay per breathable our right now. 40 hours per week, just how much you get paid for every hour or Alive? Okay, at what time and day. In the year, starting it starting at midnight. January 1st. You know, you watching the Dick Clark, they brought out his corpse. What time and date is Andy Jesse's take home. Pay exceed that of his median worker. Well, I'm gonna give you a hint there. Here's the hint. There are 8700 and 60 hours per year, wouldn't it? Yeah. It would be on January 1st at like 5 p.m. The answer is Andy, Jesse takes home this, the same amount of pay as his median worker at 1:21 a.m. at 11 seconds on January 1st. So wow, still at the party. Well, you still at the party. He's already exceeded your pay. Still the party. I'm not I left the party at 10 p.m. on December 31st. It just to play this. I did a little bit of populist, Matthew here, he makes Indie Jessie makes 24,000 dollars per every breathable our that he's alive. He makes 404 dollars for every minute. He is breathing or he makes six dollars and 74 cents for every second and the average breath cycle is about three seconds which means in every breath cycle. Inhalation and exhalation. Yes, I did the research. He makes 20 dollars per breath cycle. So, Twenty dollars, all year, all year, every time he has a full inhalation exhalation and he just has made another 20 dollars. Look, this isn't fair. He just got the job, they gave him 200 of that, 200, whatever million, just forget, just for taking the job, right? So I I feel bad for him to death. I feel what I'm doing is fair but it's all just math moving on. The US has over 750 complaints of Tesla's. Breaking for what. Now what are they breaking for? I'm going to go with. Squirrels. Know the answer is they are breaking for no reason. kind of a trick question and also, That's some good AI moving on. The headline says, Starbucks is looking externally for his next CEO. According to Howard Schultz, who's the CEO, Matt succession planning and building a strong internal. Roster of Executives is considered to be one of the key features of successful business leadership. Matt, what does Howard Schultz teach a master class in? Well, I'm going to take a cue from the emphasis of your words and say business leadership. Yeah, in business leadership. Yeah. Right. Not fired a single executive created internally with with Starbucks to hire so there you go. That's right. The joke there. Yeah I got it. The corporate governance joke over. It's fine. It's kind. The way there are. No good corporate governance jokes. Here's the headline. Okay, here we are animal rescue animal rescue CEO. Arrested after what was found in her home. What was found in her home? There's no news CEO items that you need to address before we even get to the question, which is sure. Hey, what is animal rescue? Is that like a publicly traded company? You're talking about an NGO. Is that just like? Yeah, just like, what is that? And number two, it's her, it's her. That's yeah, that's great. That's female CEO. That's great. Yeah you're not gonna be too excited for long. Yeah. What was found in her home? Like an illegal exotic animal like gazelle, or it's going to be dead animals? Okay, what he going with? I'm gonna go with God dead animals. Specifically, 28 dead dogs in two dead, call know. No, no. These are CEOs moving on. Matt, we've talked a lot about the woke Wars going on. What was the entire world? Every year? She versus Larry Fink every day. Here we go. Which Woke organization. Sponsored a shareholder proposal at Sturm Ruger, the guns, the guns company, asking for the company to produce a human rights impact assessment, which woke organization. I looked this up, it was I thought at the, when the shooting happened, I was looking at this and I believe it was the nuns. It was it was a nun, shareholder proposal by the nuns, right? I'm gonna give you. I'll give you the bell for that one. Yeah, that's right. You should because I'm correct. Here's the woke organization, ready? Yeah. Common Spirit Health. The largest Catholic health system in the second largest that right? It was the worst but that's right. It was. Yeah. That's right. It doesn't sound very well to me. Good. You get what? I'm going here. I get woke a few times. I get it. what was the number one reason why Sturm Ruger did not support a human rights impact assessment that I It the funny thing is, I read this and don't remember because it was so nothing absurd quiz. So why would you remember? Yeah. Why would I didn't know I was gonna be quiz two weeks later. Um, yeah. Because they already have like a human rights policy or something. Didn't they say, I'm gonna give you the Bell on that one too. Matt. The number one reason why they did not support a human rights impact assessment is because, quote, the company has a deep commitment to Human Rights. Right deep commitment. Yeah, deep. Okay, I like that, you're pressing all the buttons, the music keeps coming on and the bells. This is feeling good. Let's just say this, I don't know if it just takes none. Just takes, you know, Catholic nuns, but it takes from puzzle, pass was with 69% of the vote. This is a major win a huge win. At sturmer Burger. And let me tell you this too BlackRock, which just came out against these type of proposals. They just said, we're not gonna pass social justice crap anymore. We're not going to support it. I don't know when they ever did, Matt, they actually owned 16% of this company. So it sounds like all the other shareholders went with the nuns, so we just need nuns to put up everything every proposal should be none. Where am I, right? Is not enough nuns. That's the that's the, that's the only know, maybe it's a. I don't know the answer though. That one. All right. Moving on. We're not we're not a political show. Come on. Our political the religious. The show, get to the quiz, gets a little bit easier for you. Now, at this point, which version of the headline, do you prefer? This is the same story written by Allison Schrager. Who is a senior fellow at the Manhattan Institute? She's the author of an economist walks into a brothel and other unexpected places to understand risk. Here's how bloomberg.com did the headline. The Virtue bubble is about to burst, good riddance. And then the next day, I don't another news site. The headline changed to the ESG, bubble is about to burst good riddance. What virtue bubble or ESG bubble? Well, considering their both wrong. I'm gonna go with the most wrong one and say the ESG bubble is about to burst. Who cares? Yeah you were gonna give me the Bell? No matter what? That was the stupidest question. Which Zuck related headline? Do you like? But like I picked four Zuck related headlines. Okay, here we go. First face book, destroyed democracy says the US government's former head of Technology. It's the first headline, okay? These are all real. Everything in the show is real, believe it or not. That's the first headline, second headline. Metis top engineer becomes the third, senior executive to step down this month. That sounds scary. Does it though. I love. I actually think that you picked that one because you like that, the top engineer was the third to step that like the top and third. I don't even know why I just hard pulling this together. I was scrambling three Facebook will begin trading under the ticker meta. Today. Oh, taping today and forth. Meta is facing eight. Lawsuits that claim. It lures. Young people, in, for profits. So, what what do you like the most there? Goes Facebook. Destroyed democracy. That's a good one. Yeah, that's the winner. That's the winner. No one cares about their time but this one Which ESG related headline? Do you like best? Right. I got some good ones for the now. We're now the shows Really Cooking? I don't work for great headlines. Climate change is coming for your pizza sauce. I love that. How about pizza sauce is that throw you a little bit? Wow, know you can tell like it's probably a tomato related and you could tell like they were like, how do we how do we make this personal to you? Because if we just said climate, change is coming for your Tomatoes, like four people who eat salads care but the pizza sauce, then it's like pizza sauce, then it's real outrage. Number two. Plastic is now falling from the skies in the most remote place on Earth. I don't like that. Number three. Walmart pulls coconut milk brand over forced monkey labor allegations. Oh my God we have a winner. Well, we won more fourth. Carbon dioxide levels are highest in human. Oh no, like the most first of all the last one is so obvious as to be not useful. The first one is just like an exaggerated ploy to get me to click it. The second and third one's plastic falling from the skies and coconut milk with forced monkey. Labor allegations those would be top two, but there's no way any story is going to break monkey labor. That's number one. Forced monkey labor, horse monkey labor. Never Gonna is gonna win every time. Absolutely. That's A boring one. Go. Thank God. Google Cloud. Employee set a new record doing what? Masturbating. Actually, this might be I'm gonna give you the Bell on that one. Because this actually does sound like a former masturbation. A Google Cloud employee set a new record for a calculating, the 100 trillionth digit of pi. Oh yeah, no, that's 100% masturbation there, we don't nobody needs that right? Former masturbation, I mean, if you're spending all of your time doing that instead of the other things you could be doing saying. Fairmont, you're killing this quiz and let's end today's quiz with this question. Oh, according to the Wall Street Journal? This is a from today. What did Abbott Laboratories? Ignore in February 2021? I'll remind you at the Everett. Laboratories is the company implicated. In this whole horrible, a baby formula. Yeah. Debacle. They're awesome. Yeah. They all have a very insular tight, Chicago, Mafia board, and they all know he know your corporate governance, people know your government, he's just gotta know you. What did Abbott Laboratories ignore in February 2021? According to the Wall Street Journal? Now, I don't think their proxy was in February. Otherwise, I would have said a proxy vote instead. I know they they had the baby formula recalls. I'm going to say, they ignored the recalls. Oh, I'll give you a soft Bell. that's the same belt, they Definitely ignored something. Here's what I usually what they ignoring ready for this. Yeah. A complaint. Filed under the US Labor Department's occupational. Safety and health administration's whistle, blower Protection Program outside, former Abbot employee, which gave details about an alleged string of shortcomings at the company's Sturgis plant, including failing equipment that needed repair as well as formula that was being sold without sufficient proof. It was safe to consume hell no, I call that Yeah, I apologize for getting excited about that but know your corporate governance, people know know what's going on know what's happening know your leadership and you know you know where you can get your corporate governance information, your leadership information right here from free flow. Really, we do that on this show and with our board saber metrics which you can buy at any point, I'm going to sell it. Like it's baby formula that we're gonna have to shut down the plane recall. What would our new metrics say about Abbott Laboratories board? It would say for instance that they are all highly interconnected that Miles white was CEO and chair for a long time and Consolidated a lot of power and that no one challenge that guy. So if there was an issue, a guy like miles away when he was CEO, would have been the one to blame for that decision getting made, and it would have also shown that they have poor performance when it comes to caring about anybody else. I will say man, I've been in the corporate governance of data game for a long time, bored data. And you know what, you're not lying. You're right. Our new, our new scores do show, what exactly what you just said they showed more than just, you know, that the data you get from most providers is really just it's good. It's just it's data. It tells you something, but we're actually applying the data we're turning it into something. Yeah, we're saying we're teasing out the stories for you because otherwise what do you really doing? You're just staring at a list of names and people if you want to know who the weak link is, you don't go to a, check the box approach of making sure. I know whether or not they've got like, Transactions with other board members. Know I go with a whole human approach. Measure the human treat them like a team, that's it. We're out of here. The statement Raul is that was his quiz. It was a quiz. And I played it was pretty successful. I think you nailed it know, the best part of it was you running the sound board there. That was the best part by what are curious, I was already that we're free float. Come back tomorrow when we wrap up the week for you in spectacular, she's gonna be back. So we'll talk to you tomorrow. Goodbye.