Transcript
Live. From your ESG, Tyson nugget Farm. It's a deep fake business. Nugget pack Thursday here at the glass Lewis datamine. Oh, nice touch join as always by our BS correspondent. I'm non-dairy, mustard. And today is flavored bag of ESG spice nuggets called December 8th, 2022, nuggets business. It's been a while. It's been a long while uh, true nobody cares. But no, correction. I gotta correction. Oh yeah, you gotta correction. All right. I have one too. Actually. And yesterday's show. We incorrectly reported that proxy advisory Services Company glass Lewis. Got its name when a nerdy janitor named Louis who work at the SEC fell through a glass pane window after falling asleep. Reading a Salesforce 8K, dated April 11th 1947 The actual story is this, it was May 9th 1948. Oh okay, that's not the story. I don't know what the I don't know what our fabulous guest Doug Chia said yesterday, but here's the really couldn't. Remember he couldn't remember. Yeah. But then he went on to make something up. Here's the actual story which I like The farm glass Lewis was named. For two supreme court justices who fought for individual rights. And ethical corporate practices glass is derived from the surname of William, Douglas. A former SEC chair in a Supreme Court Justice from 1939 to 1975. While Lewis is about to Lewis Brandeis Adjust this from 1916 to 1939. Now, Matt, I think as we've said here Lewis to his friends is Louie. His friends call him. Louis. Brandeis. So from this day forward, as you know, we're friends obviously glass and Lewis, we're gonna call Glass Lewis glass Lewis. That's what we're going to do. Can I just say as a, someone who It was in bands for a long long time. Using the glass from Douglas. That's, that's bulshit. Don't do that. I love it. That's a bullshit naming convention. I have a correction also. Okay. And this is a real one. So I'm on Monday, we did our nerd alert and we talked about smells in the American office. Mm-hmm. We had the author one of the authors of that paper, I made some joke about how was a very small study. It was like 20 25 participants seemed really small. He actually pointed out that that is a medium sample size for a qualitative study, okay? 35 is on par for this type of research. So is actually not a small study if it was a quantitative study it would need a lot more but it was a peer-reviewed paper. Oh yeah you said it wasn't and I said it wasn't for the Academy of management which is the largest and hardest paper like journal to get in. To the conference in the business of in business, academic field for management literature. So he just he reached out and said just as an FYI this wasn't some like quite a few study where I asked six of my friends. What's wrong with that? I don't know anything. I'm not the nerd, they're the Nerds. This is from Matthew alpen Hoots who is one of the authors they did it's they're actually there's gonna send us the they didn't expanded research paper on the same topic that he said like he sent me a link to Their like, really into this and and he said he thanked us. It was a, he said, the paper was a joy to do because they strongly believe in helping the struggle that H1B Visa workers face. I just thought that right? That's why it's called glass Lewis. Damn it, glad Douglas Luiz. How do they even know about about our nerd alert? Are they fans of the show? Let's just say, yes. They will say yes, they weren't. But we'll say. Yes, that's cool. I like that. But really, how did they, how did they find out about the show? Well, I I just added them and social media and they must have actually listened to it because it's not one of those papers that people go out and like, look for and read, but is absolutely fascinating and you and I can attest to the fact that American offices smell like shit. Oh, I don't know if I like where this is going. Not a glass. Louie smells like vanilla, Douglas, Luis know. All right, you ready? Let's do some nuggets. Let's now demean our position as having friends who are academics but telling really stupid jokes about the ESG business news world. That friends don't tell jokes, do they? All right here we go. in our, another loss for female CEOs, when even the CEO, the male CEO gets more headline of the week. Sunny balwani, Elizabeth Holmes, right hand, man at theranos has been sentenced to nearly 13 years in prison. After Elizabeth, 11 years, You see, even there, Matt, female, CEOs, or screwed? No, I This is a good headline. This is a better headline now. I like the female CEO, although I was just rereading Bad Blood. Which is on my shelf behind me. And Neither of them are very, I don't feel like great about anything, no. It's just, it's a depressing tale of what's worse. A Founder CEO power. Just gone is really no counterbalance and play. No, I forgot the whole thing about the law firm that that hired to bully everybody. It's the worst, it's the bad. In our hey Ma can you bring me Pebbles and tell Dad to get the hammer? My boss is calling my bluff, and I really want to binge watch season 5 of the crown today. Headline of the week. Trail off the accent there. That was I know that was a lot. All of garden manager fired after demanding staff, prove their pets have died. So you have to you can't just say your pet to that you have to show them. The corpse had to prove I'm serious. This is why an all of manager, all of guard manager was fired I I do have one question. Yeah. Is the end of that, sure how many pets have been dying for all of garden staff? I think that's just proper grammar for headliner Riders. Really. Because I feel like that implies that, like, at all of garden, all of the staff and have multiple pets that died. That's what I really want to know is that would that joke could come off better, if I had called it a killing Hammer, not just a hammer. Yeah. The hammer of death might be get the killing Hammer. All right. and, Our. Yeah. Another glass Cliff female CEO appointed at a small cap company headline of the week. Peru. Swore in the country's first female leader after the. Now, ousted president's attempted coup, Matt, he tried to disband the Congress. Yeah. Who was a accusing him of malfeasance? He tried to just get rid of the Congress. But yet again, a woman to the rescue I did, first of all, that's amazing. And second of all, I reached out to our someone's Peruvian expert. Yeah. Re was born in Peru. She lived there until she was, well, two of our database managers are Peruvian as well, a note. Yeah. Right. No joke. Like we have we are there's a lot of peruvians we are working with and they're a little upset about the setting. Yeah, well not too far away from things that happened in this country. in our, Yes, I am. No, you're not. Yes, I am. No, you're not. You say am no, you're not. Yes, I am. No, you're not headliner the week. Walgreens board member resigns after spat over Independence. This is a good one. Matt did, this was a good one. This is one of the best filings I've ever read. Yeah, this is an instance where director Steve and Schulman was told by the board that he was not independent. And yet, he according to his letters. He thinks he said, I strongly believe that I am independent, but that that's the way anyone, you don't think that's NASDAQ qualifying. That's not really how it works. It's not a belief system, it's not. The force is not involved, Jesus doesn't show up for this hearing. I don't know this. That's he was, he was the letter was funny because he thinks the chairman and he says, man and he thanks the specific, he doesn't say anything but he says and the other directors who understood the Nuance of the situation, basically is what he says. So he doesn't think all of them. You just thinks a few people on his way out because he's not independent. Yeah, it's a strange letter for a lot of reasons. There's some type of for sure I'm a big deal. Is the fact that according to our data that guy had 0.5% of the boards influence. Yes. So we know another thing that we call with our data. I like that. He wrote the letter to resign, to the lead independent director, which I think is a troll. It's his way of saying that because normally, he wouldn't have to deal with her because he's not independent, right? Like yeah. That's like boss. We're independent together. We're independent rows. Yeah. That's a good. It's good. Letter. Read that. Eight. K for some fun. In our 8 free float joke, writers just quit over this headline, headline of the week. Proxy. Advisors update voting guidelines for 2023 focusing, on board, diversity officer ex-couple, X compilation, and ESG oversight. They couldn't do anything with this one man. They couldn't figure out a joke. So they quit. Well this is how boring our industry isn't. You should have just tried to say Excel patient three times. Yeah. Instead I'm not sure I like that word now. It was one that was not one of our best Joker's headlights. And finally this first segment of business I guess that's right I'm doing two segments and before I hand it off to Matt for you doing anger. So what do you doing today? There's a lot of it, they feel angry to miss selenious anger in our Former Tyson executive at Beyond me working on. New product called Beyond sneaker which tastes like the bottom of your Nikes, with a hint of Central Park pedigreed poodle shit headline of the week. Wow, I know that's confusing. So Adidas executive releases biodegradable sneaker from from unless Collective? Yeah, biodegradable sneaker. What do you think about that biodegradable? Sneak? I know thoughts about that? I want to know what unless Collective is. That's the part of the part. I really firm seem like a sentence that created a biodegradable State. Look Adidas is doing anything to distance himself from. It's horrible relationship with Kanye West. Yeah, one of the world's greatest just officially ended that relationship like no yesterday that was Nike with Kyrie Irving, another five American. It's really hard to remember who's the anti-semite this week. Oh, and yeah, it's all very depressing. I found it all. Extremely cold outside of the week. Like I feel like it would be anywhere every Everybody. All right, let's get a little angry and less confusing, you know, our if the odds of winning power Ball are in 292 million and the odds of choking to death on a peanut or one in 20052. Whoa, the odds of boobs, being a fireball offense at a firm run by a diaper baby, billionaire or calculated at 100 to 100 headline of the week. Female Twitter staff had Targets on their back in Elon. Musk's layoffs. A lawsuit claimed believe that here's a quote Or here's some stats from the lawsuit, 63% of female Engineers were fired, 248% of male Engineers, the lawsuit estimates. The chances that was random at one in one point, one or 1.1 in one trillion. Wow, that's the odds, 1.1 and 1 trillion where the odds of that was. So it's like this sounds very woke. I don't think Elon would like this. It sounds like very woke. Yeah. Apparently the overall odds that the number of women fired in the massive Purge was nine in one trillion. That let me ask you this. He bought Twitter. Stupidly and he made it private. So the question is, can he do whatever he wants? He can indeed and they can also sue him. This is actually true. This feels like, is, if you're anti-woke, this is the risk of hiring a female engineer in the first place. They actually calculate the odds that things. Happened because they're smarter than their counter. So next time, the lesson here is don't hire any women. Well as we've proven umpteen times any basically any woman in the corporate world is 55 times smarter than her. Yeah. Actually because the amount that she has to achieve just to get there in the first place is ridiculous. We proved that with real numbers. That's not like us making that up. No an hour. By saying we all look like idiots now, does that make me smarter headline of the week? Kevin O'Leary says he lost almost 10 million in the FTX collapse and that the exchange and paid him 15 million to be a spokesman. Oh, here's a quote from Kevin O'Leary. Quote, we all look like idiots. We relied on each other's due diligence. O'Leary said, highlighting the group. Think among institutional investors, who wanted a piece of FTX. I mean, it's okay. We all look like idiots. Yeah. I guess that's smart to say now, right? Like yes, I mean I did the quick math. In my head he's five million dollars up and you feel like it didn't work out. Yeah. In our if I crowdsource opinions from my friends that's vox populi, right? But if I crowdsource opinions from Earth that's just woke fuckary headline of the week. Wikipedia founder, Jimmy Wales, told Elon Musk. It is not for sale after the Twitter owner accused, the Encyclopedia of having a left-wing bias, right? That that's a funny headline. So, yeah, anytime Elon Musk, accuses, anyone of having any kind of bias that the next logical move is that elon's gonna buy you Hi, everybody. Actually the Joe. I like the joke out of Jimmy Wales. Yeah, but I, I love the idea that basically, if I don't agree with you, like he's all about like, the voice of the people, he's and whatever. But if I don't agree, Wikipedia is literally crowdsourced and cyclopedia it is. Yeah, the Earth can write stuff on Wikipedia, how can you claim that? It has a left wing bias, he elon's, David one can write on Wikipedia. Yeah, He's just he's just circling the drain of conspiracy shut up. You moron. Just so tiring. All right, and our Hey, Ma. Dad isn't a slovenly loser. He's just living in Goblin mode. Tell Dad, oh, deadline for the week. Mediverse, lost the word of the Year contest to Goblin mode. Okay, look, I'm gonna admit, I don't know what Goblin mode is. Okay, so I got it for you. Goblin mode is a Neo logisim for rejecting societal, expectations, and living in an unkempt hidden Mystic manner, without regard to self-image. So, this is just being a boy, a, teenage a gamer in your mom's basement, a male white gamer and your mom's. Have you heard of that before Goblin mode? You know, just sounds like something I feel like I that's like my existence. You're living at currently. Yeah. And then finally, yeah. And our grandpa says your hair looks funny, take out that earring, drop out of swathmore and go to a man's College like Michigan State. Have you seen their football, coaches haircut? No sideburns. And a good job on that guy headline of the week. Jamie dimon says, cryptocurrencies are like pet rocks and blast the industry as a complete side show, okay? Did JP Morgan actually open up a crypto, like fun, like, ETF fun. I don't think, I don't know that. That was JP Moore. I think I, I think, and I'll maybe the the Nerds who wrote that paper can can Tell me, I think he's actually stood true against this. He's like, Charlie Munger he hates it, doesn't he hate it all except for two weeks ago, they registered a trademark for a crypto wallet and well, and early this year. They they released Onyx, which is a coin system and they are inaugural products is JPM coin. Which is yeah, that's the currency issued by JP Morgan. That's woke news, that's not real. I just very confusing ills. Struck me that Peter Thiel called call JP Jamie dimon and Warren Buffett. Sociopathic Grandpa's said that they were going to try to expose them when they chose not to allocate to bitcoin. That is a deeply political choice. We need to be pushing back against them. So who do you believe here? Is it the sociopathic grandpa? Is it the is it? You know, I would use. I mean, I don't often I don't really look, I don't need to attack or defend Warren Buffett, but I would like to know the methodology behind it, calling him sociopathic. I'm curious. He's probably is a sociopath, isn't he? Okay, actually, I want to hear them. I want to hear Peter Teal's methodology all over here. Now, from the anti-wolf from the people with ESG, all over here is you can't do anything political. What you can do anything. We is not like basically human existence is like a series of small political Choice. Otherwise you're just Goblin mode and you don't do anything. You don't participate in life, maybe Vivek should go and Goblin mode, maybe that's right. Yes. All right, I'm gonna wrap it up, ready? Yeah, let's do that. 400 more. Try to finish before the show hits 3 hours. Here we go. in our, Improve that nepotism was not a factor brother, Kimball was not offered a position after HR. Determined that knowing where the cool Brooklyn brunch. Spots is not actually a skill set needed by the company. At this time, really skills Matrix, Elon Musk has hired two of his cousins to work at Twitter. Of course he has, I mean now it's a private company and you'll be happy to know their boy cousins. Matt boycott. Oh well, those female Engineers. The chance is that those cousins would be women were one in 700 trillion in our but I don't get it Bloomberg. Does that mean that the remaining three are living together? Because if two of them were getting married then it would leave one out and alone. If only the New York Times workers weren't striking, maybe they could help me with this headline headline of the week, okay? Ready dude, I want you very carefully. Focus on. I need to listen because this is this is very difficult to understand. Emma would hate this joke. 35. South Koreans expected to live alone in 2050. Okay, so, Matt. So that means there are three South Koreans left over. Does that mean they're all gonna live together? Because if they get, if two of them, get married that. Third one is alone now, right? What's going on? This is, this is proof that you are not the math Center of free float. Because yeah if you're only five Koreans total that would be problematic. That I would live that I'm going with that's the joke. However you do is double that and then all the sudden you have, no, you have even numbers is not a problem in our neuralink is working on a game mode function that completely shuts off brain activity. While the user is either dribbling a ball or is within 120 feet of a hockey, puck headline of the week. Former NHL player calls out the league for pushing woke agenda. Politics has no place in any sport. Ah, yeah. Oh I'm actually surprised you went with that headline. Like so I thought neuralink would be was working on a game mode to shut off brain activity. As a key feature, when they implant it, in all of the animals that they've killed and are being sued. Oh, so they don't feel the pain. That's, they don't feel anything, but the chip in its a nice feature. Yeah. You know, in our the biggest question being, who the hell is our God damn CEO, headline of the week? Kettering, Health, CEO, departs. Leaving governance questions. Oh, I like this quote, from this article. Due to the lengthy nature of this search. And the fact that Mr. Manchur will be taking a leave of absence in advance of his retirement. The board will work to identify an interim CEO on the near future in the near future. Still the mess. This makes Disney look pretty. Good succession planning. Wait a minute. He's taking a leave of absence before he leaves pre quitting quitting and then while he's pretty quick, they're going to take that time to find the interim CEO soon. Now it's like eventually. That's good. At least they're telling us what's really happening in our Her name is Mel for the Deep Starship commander of the crew Ela Galaxy headline of the week. Really, Bob, chapix biggest Disney adversary may take over for agar in two years. What? You know that is, Matt, it's Disney CFO Christine McCarthy. They're saying, Christine, orchestrated, this, this, this, this CEO. This CEO move and that she is waiting in the wings to take over the evil. Disney Empire, how are we, how are we already listing? Bob iger's. Internal enemies again. like, What is going on there? It's America's favorite CEO, Saga. Everyone loves it. Can we just turn them all into like characters out of the Marvel Universe? Speaking of Disney CEOs in our They really like this guy a lot more than this other guy who they really don't like so much headline of the week. Disney's CEO drama explained. Wow. Wow. You did that really fast? That's it. That's the souls. That was the whole story. Yeah. And finally, for Biz nuggets December 8th, 2022. We're gonna get under half hour here. I'm very proud of us and our Hey, Ma. Cocker was right. The Walker taken over the wall, could take an over tell Dad. Wait, what did he say? Energy Systems group. That's what ESG stands for all the time. It was Just Energy Systems group. Headline of the week. ESG wins 2022, Moxie award for boldness and business. Matt, I fell for this, I fell for this headline, I tagged it, I thought this is ESG story. I open up the headline, I read the story. It turns out there's a company called the ESG. That's Just Energy Systems grip all this time. This is what ESG stood for Energy Systems group. I can't believe that first of all, that this is a joke in any show anywhere in the planet. I can't believe that anybody's like this attentive to the acronym that we pull up the name. This is my life second of all, yeah, Moxie award. Yeah, that's why I pulled this door. I wanted to know like how he was winning this award. I was kind of cool. Yeah, I don't know, marks its a Moxie is a soda that drink up here in Maine. I don't know, is that shoes is the Moxie Awards? People like, I I there's a lot I need to know about Moxie Awards, what winning Awards and if we don't win, are we gonna start coming up with fake companies? That give us Awards, know, you know what we're gonna do? I'm announcing this here. And now with no forethought, this is my Elon Musk Twitter moment. Oh, No free float here by is going to put on an awards show. Please send submissions. To Matt at free float dot LLC. Can it be when I'm under company, should be up for any award that we make fun of. Now, here's the catch with these Awards. We do not tell you the categories of the awards in advance. You need to just apply to receive an award, and then we will choose winners for categories that we decide on based on who applies. Wait, so we're not going to tell them that. Shiniest CFO is one of the awards. Exactly. Where you can't get glass Clips CEO. In advance, you don't know, we are going, you just submit, we choose winners, based on whatever, we feel at that moment and that's the way we do Awards here at free flow. That's Damien, Raleigh. I'm at Mascari, those were nuggets for December 8th 2022, if you like those, I'm sure you didn't come back tomorrow, get a week in review where we'll have are the are the data Queen and Jesse the money Whisperer all here together, finally until then. Goodbye.