Transcript
Hello. Is it working? Hey, is it me? Is it working to my here? It is live. Oh, we're not really ever live. I don't know why I say that. Why do I say that? I you, I think you have like a I think you feel like this show is not real, if it's not live. Well, we used to be live. Let's be real. We used to live in our hearts live Vanguard Vanagon. It's a Thursday game show Edition. Of business pants. Join us always with the Lord of BS and special guests. The money Whisperer Scanlan. Yes. Like I'm announced on every intro and today's social impact scented bag of carbon dusted nuggets called February 23rd 2023, two, glorious ESG games, the good game, and who the f is that? Hey, oh, Blah, blah, blah. For those 12 people who follow any of our social media campaigns which are are new things to the great money Whisperer Jesse, and she's focusing a lot on this who the f is that. Game, who the f is that? Because this is the greatest game ever invented. Well, it's not really a game, is it? It's just a picture of a director at a company. And Matt asks, who is it? Is it a game? That's a game? It's it's a game for us because we don't know who the effort is actually. So day. Today, I'm really gonna test you with who the f is that? Compare yourself, great, sounds fun. We should have a side bed, Jesse, you know, that games are only fun. If you like 10 win, some parts of it, this is the best game ever invented for governance. I don't know if that's appropriate. We're not. I mean the good game. Look at Jesse's dancing to this. Nothing to what you played. The good game is not a contest, really? We got to get amped up. Let's go. Let's do it. I feel like it. Okay, here we go, let's get to it. The good game. This is where I find headlines. That feel good. They seem good. And I asked our extremely intelligent pundits, whether they're actually good on the scope from one to 10, not included. You just see, The intelligent ones. So you understand how it works. Jesse these headlines they trigger me in a positive way but then I have you guys weigh in to say up there actually gonna here we go. Number one, can come on, let's go trigger. Let's do it. Come on. Tesla. To change camera settings in Europe over privacy, fears carmaker to issue software update to cars in the EU. So that cameras have to be turned on and don't record continuously the EU added again. Wow. That EU. How about that? EU always fighting back. How about that cameras recording continuously when not on? How about that? Hey thing that's Elon. What are you gonna do? Is this good? Is this good? Jesse, you go, first, I rated this a seven, it's good because I guess creepy people could be like parking in front of houses and looking at their video footage. Well, the article kind of touched on that. I mean, you know, I find myself in a Tesla from time to time, and I have never ever looked at the video footage. So, for the most part, I think this like doesn't matter, but I suppose there could be really creepy people. So I'm giving it a song. Okay, that's not right. So wait, so you're saying that you have a Tesla That there's a camera in there in the US that is always on. It's always recording one century mode is on. So when you lock Century mode, like it's like yeah, it's it's like the theft mode, you know, an old cars when they had the little light that would blank. This article also said that the headlights have to flash if Century mode like blink if Century like this. Now yeah, this feels. It's really what is that? It's weird. So what ever? I guess? It's good. If there's like some pedos out there but well, that's not even what I'm getting at here. You rated this from a very different perspective. My perspective, I was happy that the European commission. The EU was fighting back against creepy tech, companies, always recording us. So, you're taking it from a completely different angle, you're saying, you worry about the pedos in your neighborhood. Yeah. Well It's that's what the article did. You read the article? They said that people could park in front of houses and watch footage of what's going on in the house. So that got, I was like, I've never thought of that before ever. But if that's what people are, if, if that's what the argument is, then good. Am I wrong, man? Or is this, is this meant to protect people from constant? Surveillance I did, I read this wrong. I thought that was kind of it. I thought I didn't know. It was just gonna get a lot of anxiety, you missed part of. So you guys all read the first three sentences headline game. This is a clickbait, the headline. Well, their section for no. It's true. Look, that's true. So you're a seven. You were seven on that struck me was it doesn't cover running over babies and strollers. They have not gotten that piece of the Privacy Law. Proper. And does anybody know of Tesla has a CEO anymore? Is it is it? Oh time part-time, CEO. Well, he hasn't put the poll up to remove him as CEO from Tesla. I was just Twitter. Um, so remember, like I'm gonna give this, I'm gonna give this a seven also, because I do like the EU stepped in and said, you can't record everything. Dumbass speaking of Elon, this next headline is a bit. It's a bit of a click-baity headline, but still, you know, whatever here, God, National Labor Relations Board, is that what it is, really, and lrb. Yeah, and all RB to Elon and other text CEOs know, you can't gag workers in exchange for severance. So this is Reversing Trump error ruling saying that employees can't force you to keep quiet to get Severance. This isn't necessarily have to do with Elon Musk and tech companies but they're using the Confluence of all these Tech layoffs to kind of make you click on this article but that but the good news here is is that you don't have to shut up to get your severance package. I'm gonna come straight out of the gate, just give this a five. Oh, this is reversing stupidity. Okay? You used to be that way. And then Trump undid it. Now, it's backed that way. This isn't new. This is just regular why I give it a 10 and that's the first thing Trump's idiocracy is a 10, correct. that's a competition because he says, I didn't know this was I like this. All right, here we go. Feelings are false. Here's a headline. This one's pretty simple. 45% of employees are willing to resign over company values. I don't know what would Vivic say about this. Well, they, if they didn't specify which values, okay, the value of meritocracy. Okay. And non-divers but as we've stated many many times he is G is not, it's not a political system here you could you can use it for whatever you want. Dare you Mike Pence. Just put out an advertisement. That told me. It was a political system. Yeah. Well, I actually stupidly spent a lot of the morning, looking at his website, looking at. You know what, he really thinks what he really thinks about just like the rest of them, he is no idea what's happening. Of course you don't go down that, there's no idea what he is. Or is he come on? Yeah, come on. All right. Look 29% of Americans in 2019, thought the moon landing was fake or didn't know if it was real. So I'm not sure 45% willing to resign over a company values. I'm not sure that's real unless they actually resigned, I think people say that to a survey but they don't actually do that. So I'm gonna give it a five because Jesse feel like it's a bunch of. I said, I wonder how many were actually getting paid. Well, I'd like to see if they're underpaid. And then they're like oh values by or if values and they're getting paid while they're still leaving quite culture Warrior. What's your score Jesse? I gave it up five, that's actually a good point because there was a another article that I almost grabbed. That's that's looking at the current labor movement, and strike actions and buying for the number one reason why people are actually striking and missing days of work. Is because of pay? Yeah, they don't strike over values. Jesse likes it. When I tell her, she's correct at the end of all of her feelings, just feel like, my dad was like, oh, you got that right? Good job, honey. Dad mustard actually. Matt is a dad. He actually is a dad. I am a dad. He's the office dad. That makes it sound weird than it is. He's also the only guy there, I suppose and the only father there, well, no more states that this year and he's also a father. Yeah, okay. But how many kids does he have pictures here? He's got kids. All right, now we're literally talking about stuff that no one understands. So let's move on in Rural America, right? To repair laws are the Leading Edge of a pushback against growing corporate power. How about that headline? That's, that's a good headphones for one. This is not a blue State. Red State thing. Kansas Massachusetts, Minnesota, Nebraska, and New York. That's a, that's a hodgepodge of red and blue, right there. It's purple. Um yeah this is a 10 this gets a 10 for me just like DeSantis and Vivic wouldn't like this, right? This is encroaching upon the sovereignty of our great Corporation, we shouldn't be. I mean, but telling them what to do, this is the corporate power that matters like as in their extracting wealth from you. It's not they did a diversity training and therefore should be banned from my state. This is this is the right to repair is like my truck broke and I can't get it fixed because you told me I can't do anything to it. This is like real push back. So I like it. It's attend. Next headline. Google wants this is really for Jesse. There's one to see what just opinion on this one. Google wants returning staff to share desks with a partner to maximize office space but they have to agree on tidiness expectations. Going on over there at Google. This is this is one of the the biggest company by market cap in the universe, what's up? I was just about to say, I went over to Ari's desk to get like a cord for my headphones and she and I would not be able to, okay? Speak to this, who is the, who is the tidiest person in the office? Probably mad. Yeah, correct. That is correct but his wire management is awful. So, I'm sorry, I have the most wires. So what do you think about this, Jesse. What do you think about tidiness expectations? What do you confused on how to rate this good? I mean, I agree that it should be tidy, but I think it's bullshit that Google can't just give everyone a desk. This hat at PWC. They started doing hoteling where you sign up for a desk. It's basically so that they don't have to have as many deaths as they need. So you walk in and there's a computer and you sign up for whatever desk you're using that day. But how that's such a pain in the ass. You can't leave like a lotion or like your pens are pencils. I don't know. So I don't like this headline. I'm very, I'm giving it to you fart in different places in the office and never claimed it to be. Well, what? I guess just see what happens if you're always stuck by the PWC outhouse. Yeah, I mean what do you think? People are gonna take the best first I come in, I'm the last one and every day I'd be getting the one by the bathroom, every single day that's true. And the first one in slippers. I don't like us about tidiness. I'm going to give it a zero because I don't like Partners. Oh, I don't want a partner at my desk, get out of my fucking desk. Why can't cut the desk in half? Jesse, our desks are pretty long. We could probably fit two of us. But no, get away from my desk. I would never, I just never go to the office. I mean, I was just never going. What's your score? Jesse. She gave it was it too. Moving on. This is a story. We've talked about a lot. Sour fight ends with FDA ruling soy and not milks can still be called milk. Damn it. I added the damn it. There. I like this. I like this comment here. FDA found that Americans. Are generally not confused about what actually milk. I love that. That's good. So there you go. It could be called soy milk. Jesse. Yeah, I I had this I had this argument or debate with my college roommates years ago when I yeah this is why was vegan. And I had someone who loved Dairy that lived with me and I would call things milk and cheese and she would get pissed. And that would actually she was very protective over her true. Dairies sure. I give it a 10. Who cares read the labels? You should be doing that with every food you buy in the grocery store. Good, let them call them that. But I, I also want to point out a quote, that was in there. Go ahead in the article. I think the FDA should be spending more time and money and forcing this to be precise. The FDA appetizing milk back in 1973, as the lacteal secretion practically free from colostrum obtained. By the complete milking of one or more healthy cows. Why don't you enforce that after? I like it just it's coming from unhealthy cows. I rest my case. It's a 10. Yeah, I could really go for some healthy nutmeg. I honestly, I could care less about this. This is a five, there's nothing to care about moving on. Twitter struggles to convince the Supreme Court of the United States that it Oh, dare you. Twitter struggles to convince Supreme Court that is not bolstering terrorists. So I guess they're doing a poor job of convincing then that they're not actually helping the terrorists which, which to me is good because maybe this is gonna finally get us to some kind of reversal of section 230 like because of Elon Musk. Stupid company. Messes this up, right? Well, that the 2:30 is on the docket someplace else too. It's not this one, right? No, it's also, this one about I thought, in Ohio, or something. There there's a lawsuit, there's actually more than one going on, but this one one will help to erode dirty this one. I love. Mostly because how hard should it be to convince someone that you're not bolstering terrorists? understand like, This is that hard. Like I love that. They're struggling to do. It did you both your terrorists? They're like, well. What's bolster really? Yeah, that's like if you ask yourself, like, if you have to ask yourself, if you're a racist you probably are racing. Probably you are. Yeah. I'm gonna give this an 8. I like it just. I want to give it a 10. Yeah, I agree. This might be the take them down. The inadvertent societal wind of Elon Musk taking over Twitter. Is that he just sort of ruins everything and then we finally have regulations. So, let's go and him. Yeah. Oh, that's a threat. It's a threat. We don't do that here. uh, next headline in the good game, February 23rd 2023, Apple reportedly made a big breakthrough. This is a great headline. I just love reading all these words together. Apple reportedly made a big breakthrough on a secret non-invasive blood. Glucose monitor project that originally was part of a fake startup. That's not evil, big Tech. I don't know what it is. I love it. Startup called theranos. That's what I thought. When I first opened this article, like, were they using that as a cover? They actually just had Elizabeth Holmes thrown in jail, they even dressed her just like Steve Jobs. They had her thrown in jail and then they were like, okay, get that version is not gonna work. Let's work on another one. That's a good point. She just she modeled her not only her demeanor but her, yeah, her wardrobe after Steve Jobs her voice. She like dropped, her voice is more. Like, I don't want Apple to have a non-invasive way to monitor my glucose. I know you don't. I really want to know what Jesse thinks. I know you don't know. Just yeah, what is your generation? Okay, not milk. I do have a Tesla. So you're on behalf of people that have diabetes like, okay, they can but I'm not happy that it's Apple. That figured this out. They're already a huge player. We don't need them to what And it just be some humble startup like us name, Elizabeth Holmes, that gets paid for their Good Fortune of finding this. Yeah, I'm not happy that it's Apple. But I think it's helpful for all those people with diabetes that have to prick themselves or wear. Those obnoxious, you've ever seen the little circles that you, like, shoot into your arm and then you wear it for nicotine? Patches? I don't know. It's glucose monitoring, but anyways, kind of cool. But then you have to buy. I'm sure that there's gonna be some discussion. Like, then you have to afford an Apple Watch to even use this technology so it's not accessible. Anyways, it's a sick. Have you ever heard of Consumer Debt? Are you not an American? What's wrong with you? How many people are just gonna buy it using a firm or like Haley later? Here's what I want to know is that I keep learning more and more, this is like a using that for their glucose. Well, now they can use it for their Apple phone and their glucose. Here's where I'm struggling with this one because I'm learning more and more. That it's Mostly stupid men in America that are afraid of the doctor. So, what were I agree? That it's kind of weird. The apples doing this, but maybe we need more of this kind of preventive care out there to stop stupid men from kind of bankrupting us because we're ready to go to the doctor. I don't know like, he's tired. Like Health technology complex is because men can't get in the car and go baby. There's appointments, maybe, I don't know. Then then men should not be allowed to access health vote. Just have it so that they can get health care and, and they can stay home and play Xbox until they're dead at 37 years. I agree with Matt. Men should not vote for the next 100 years. I agree. No, I'm taking that pledge. I'm just. But this is why we all want to support femtech this year. Was just CSG prediction of three plug the prediction. What's your score? I'm giving this a two. Okay, apple is the adult in the room for privacy in Tech and still, I don't want them to have this. Here's one right up, our alley. This is from The Wall Street Journal people of color. Fill one out of five board seats. Now, for the first time, let's see how to me frankly. Yeah, that's but that's delightful. That's the data out of the, this is out of the 3000. Largest US companies and to break it down a little bit for you blocked, directors about 8%. Asian directors 7%. Hispanic director is only 4%. Yeah. That's not a lot. How do we feel about this overall? What about their influence? Yeah. Well, okay, talk about it. How, what about their influence? So the early data on the S&P 500, and we're working with the company and we can't talk about who they are yet. But working with a company, I'll say who it is. It's Colgate Palmolive. Yeah, we are working with Clorox, bleach to figure out exactly how many, how diverse the S&P 500 is and how much influence those directors have and the early findings are that Diversity people of color. Do not really have less influence than their representation on the boards. Oh, it's just when you're a woman. Right now, the daily find that diminishes your influence being a woman that does not surprise woman does not surprised your influence by in some cases 50%. So and what about if you add race to that is it does it? Does it go down even for that race, it doesn't change the percentage. If you're a woman, it's it's about half the average and if you're or 17% less than the average, if you're a man it's about what you'd expect. So influence wise fine, it's really just low representation. I mean, one in five board seats that means 80% of the board is white, right? I'm if I, if I reverse math, is right, you're right about that, I'm choosing this one as good because it's still progress in my head. Yeah, I'm gonna give it a five. I'm gonna give it a seven, a five and a seven. And I want to celebrate the progress. Thank you, baby. Just texted me presidential candidate Vivek. Rumson, just text me said, he doesn't care. Oh well, he and I are five, he's staying on brand. He's a consistent finally, Bernie gets back into her headline game. This is our last headline of the week after the heat. My good game. Bernie Sanders says, it's time for a four-day Work Week. Hey, what do you guys think about that? That's why I'm asking you. I give this a 10. Okay. Four-day work week. Let's go sheepish 10. Yeah, but see Jesse's sitting with the two founders of this company saying, give me one less day of work. That's what Jesse just asked. I will be so much more slippers at your job. How difficult is this? You usually take a nap under your desk. If I had a nicer house in my family wasn't home all the time, maybe I would agree to this. Look, I'm a big fan of the four-day work week, but it's a joke to think that in this country that if you were to give an A four-day work week, you wouldn't work the 5th day through the other four. They would just ask you to work an extra two hours a day in order to make up your productivity losses for not being there on the foot is that I would. But here's the thing aren't most people working. I mean, when I wasn't at the shop aren't most, people working 10 hours 12 hours at 10 hours a day? Yes, I mean I was I heard ten hours at. So we're already doing that. So just give us the extra day off. Well, but I think the joke would be on the workers that they actually had the day off. I don't think it would be up to the people to. They already found that if a company gives you as much vacation as you want, they have no vacation policy, take vacation whenever you want. People are less likely they use like yeah, 12% less vacation days because The guilt that they feel for not being there, right? This would just sort of the same thing like unless it's federally mandated that you can't work more than four days, plus, the company would have to have a policy where that, that fifth day that nobody works because otherwise you're gonna feel compelled to chime in on emails, and right, you take those off your phone. Yeah. You're just gonna be doing Emails. And Honestly, didn't we learn from every athlete who said they quit to spend more time with their families and their family unretire. We ate our families. That's I don't go for a long walk here this. I I just want to add that this is based on a study out of the UK a large scale pilot program spinning 3,000 workers on the workers. Slept better firms made more money. That means Excellence just doing it for our bottom line, you guys. Yeah. And employees were less likely to say they did not have enough time to care for loved ones. That's a kind of a, wow, one of the end there. Yeah. All right. Matt. What's your score on that? I'm going to give it a six because I like the concept. I just don't think it would ever work in reality. I think that's his way of saying, Jesse that you have to come in six days a week. Yeah, a few days a week before we get to, who the f is that the America's favorite new governance game? Let me just tell you the scores for the good game for this week. Jesse, you are. Wonderfully optimistic. Yeah, I liked these. You come in an eighth. We're handing out. Oh no, no, no. And Matt, Matt, a lowly five this week, you're even lower than your typical average of a six, Matt. So you're a little depressed this week. Well, I'm rightly depressed but now we get to do something that's actually good, which is a game I call. Who the f is that. The speed round version of the board is speed round. There's only three of them. Only game in the entire universe of all games, where you name that board of directors director, Got it thanked, we played this already. I'm not gonna do anymore, except I give you a name. You have to guess the company where they work, as a director. First up. Wayne Hewitt, you know, if this game really worked with we, I want to pick a picture too. Okay. I could do that just stare into Wayne Hewitt's beautiful eyes. I think I could figure out what comes company nail flies. Yeah. Wayne Hewitt now, important to know that all of the directors that I'm going to name are in their companies, are in a headline for something in the last week to two weeks. Okay? Yeah, that doesn't help know. It doesn't. A lot of headlines. All right, Damien you guess. Wayne Heuer. I'm gonna put on the board of. I don't know Citibank. I don't I have no clue. Oh, I was gonna go PayPal. So kind of okay. All right. You're both terribly terribly. Wrong way, tell it is the most influential member of the Wells Fargo wrist already just random guesses. He was a biosciences CEO and he did some private Equity stuff and biotech. He's not the chair of the risk committee. The chair is Maria Morris. Who was the head of employee benefits at MetLife? Because employee benefits is a lot of Financial Risk to it. I suppose here's your relevant, headline. Yeah, well, as Fargo discloses probes as scrutiny of messaging apps use widens. Wow. So Wells Fargo Traders are using messaging apps. That Regulators couldn't see and they're doing illegal stuff on them as well as Fargo ever had a good headline. Has that ever done anything right? No, well, Wayne himself is connected to 30% of the board and he's had a three-year tenure. But here are the relevant stats from the risk committee. So you have them. So you're gonna be angry at someone weighs a good one, to be angry at, like some notes, whole risk committee, the risk expertise comprises less than half of the Committees influence. The committee has 32% of the boards influence and 14% is experts. So less than half of the committee. The has any influence on Financial Risk? In fact, here are the here is the past resume of these people. There is the head of employee benefits When I named. There's a CEO of the Make-A-Wish Foundation. Covering. You regulations? There's Hewitt himself. There's a government contract lead at a health care company. Okay. Then there's an ex Chief risk officer from a bank, okay? That makes sense. He was last exchange officer in 1998. Okay, so that's within the last, like 400 years. Like the Telex bond market risk. Does he come with his own fax machine? Yeah, he just kind of puts it on the table like people do this. He there's a wholesale Banker a wholesale. Banker might actually have some sense of risk. And then there's a cybersecurity expert from the military and I'm going to count them on the risk committee. Even though it's not Financial Risk, it's a different kind, that's the clown car, that is their risk committee. So, when that director from 1999, you know, will last that experience 1998. When is when he's told about Analysts using, you know, like Snapchat to discuss security. Probably never heard of that problem solved. Right? Yeah that's it. Yeah, risk here. I know what you're talking about. Who's next? Come on. You ready for the next one? Who the f is that? Come on, let's play f. Is that number two? Wayne Hewitt. Oh wait. What? Why? He's on another board that is correct. Did she say like biosciences? Yes, he did. I guess that? A bioscience is company is Damien's guest. I so he's not that was called that just Anonymous one, okay. I don't know you're both wrong. Go ahead, go ahead. He's on Home Depot. Oh, their audit committee and their leadership development comp committee is 9% of the influence of the board. Here's the charter of the leadership development committee. It says, one of the things that says this quote established the policies of the company related to human resources and employment matters. Which is interesting when I read this headline, Walmart and Home Depot are spending heaps of cash on pay raises because they can't afford to lose workers. Coupled with this headline. Home Depot, co-founder blames woke diversity for businesses failing. To hit the bottom line. Yeah, he was very precise about that too, woke diversity. Yeah, that's the important part. Yeah, they're bringing in too much diversity. It's not helping them hit the bottom line and they are throwing money. I guess at the white workers to make them stay. And I don't what is what does that mean? Right? Because he wouldn't want the, he wouldn't want the women and people of color. He just wants the unwell workers waiting. Wait guys, the relevant stat here is that msci. ESG says Home Depot's week on labor. That's what I said. I like it Wayne is also connected to 50% of the board and has eight years of 10 year. Good job. Wayne. That's two for two for Wayne. Oh, are we getting another way? Is this a Wayne show? Yeah, number three is Wayne seriously. He's on three separate board in our headlines, in headlines. My God. This month. See, what's this one? Gonna be? Just tell us this one is UPS. Oh, he's on the board of Wells Fargo, Home Depot and wow. These are like the like Blue Chips. Yes, he's on the audit committee at UPS. He only has 3% of the influence in two years of tenure. He's not connected. So this isn't really like Wayne making this a problem. But the UPS headline was UPS, CEO, addresses dangerous, heat inside trucks and contentious weekend. Deliveries as drivers strike threatens to upend millions of deliveries. So Wayne going from strength to strength here. Don't you always see in the Vans those little tiny fans? Yeah. Can they get them trucks? That actually have freaking easy roll the windows down? People, I don't know what they have. No doors UPS. Trucks have no doors. I know just upgrade. Give them like a Amazon truck. Come on ask Wayne what they're doing at Home. Depot for these employee problems. I'm sure he's got the answer. I mean, you have to admit that incoming, through the headlines. It is pretty impressive, that one guy, yeah. Is on the board of three companies, with different ways. Wayne, that's, that's what. When I don't think it's good for him. I bet family is proud that. Some newscast finally is talking about their deer Wayne finally. He's like Wayne made it. Yeah. Wayne did it because he was a basketball player involved in three separate negative stories. Everybody would be talking about a, for a month nonstop. That's why you should know who Wayne Hewitt is, sorry, Wayne that was it. That's the good game and that's who the f is that speed round. That's just the money was for and Damian Ross. I met with Scotty, we are free float, this was business pants for February, the 23rd of the 23 come back again tomorrow when we left up the week until then good. Bye.