Business Pants – 2023-03-23

Live. Yeah, from the glass, Lewis ping pong Emporium. It's a Thursday game, show edition of business pants. I haven't played one of these in so long joined by everybody. The money Whisperer the data, Queen, the Lord of board sabermetrics. Matti Justin Bieber, And today's nobody else in the world plays ESG games scented candle called March 23rd 2023, the good game, my favorite game look you need to stop recycling. The scented candle thing. It's like every different type of scent though. It's it can be. I like candle shops, have 500, different candles with different scents. Matt, don't you get it? I know I get it, but trying to appeal to a new demographic, okay? 75 year, olds are the ones who buys know and let's get sponsored by candles. Let's make her own as she said, but they have to be centered with a Central Oils. Well, he won't do it. I feel like you can't spell. You ready for this? The good game, ready? Yeah, this is another good game works. I pick out provocative, headlines. That make me feel good and I asked our steam Pendle if they're actually good on a scale from one to ten. usually, That's it. That's the game. Yeah. Just usually Jesse's the most optimistic math and most pessimistic. We'll see how it goes this week. You ready? That's just because Ari hasn't been on in a while. I think she'll take the cake for optimism. All right, I have one in here is for you. Let's start at the top. Oh, this is a great. New climate paper calls for charging big us, oil firms with homicide. How about that? It's a statement, that's for sure. It's not not true. Okay. Are you think who goes? First me, I think you just for me. I think you just went first okay, when I picked for you, Well, you know, how do you charge a firm for anything? This is about what we do which is all about people. Where are the people in this. I don't understand ohms are not killing people, the people at those oil. Firms are okay. She's off the rails. Yeah, no. Well drop the mic and sell our products. And then when you charge the company like what happens, like who they cry. Nobody just fine them like oh okay. Well one of the things, the paper suggests that if the company is found guilty, then the payment the penalty is they are to be restructured as public benefit corporations similar to what happened to Purdue Pharma. know, well, does do the Exact. Well, it wasn't that the executives. Get to go to Hawaii and hang out with Greg Becker. Yeah, a little. Greg Becker time. Everybody needs that. All right. I'm gonna give this a six because I like where they're going with this, but they need us. So maybe we should again. Touch sick. They need to, you know, that that's a six with a nine if they buy our product. I'll take that. What else I was gonna give this one a solid five. Like the statement love the boldness but don't think it's ever gonna just you've already guys adopted by their pessimism under selling the the word homicide homicide. I know it stings. This is like a CSI episode. Yeah I like charging everything and anything with homicide so I'm gonna give it an eight. Yeah. Article called it a catch-all that term. So I was like, oh side everything's gonna die, we're all dead. It's great. Speaking of which this next headline? Humanity can stop worst consequences of climate change, but time is running out, but we can stop it. This is good, right? No, yes, it is. We can stop it. One of the solutions. According to the United Nations is calling for an end to new fossil fuel, exploration and rich countries, quitting coal oil and gas by didn't we just and hasn't everybody been saying, oh, we can't just stop it. We have to. Okay, do you want to say? I think we can stop it. And It's good. This is the good game. The, but some of those scientists said that the one and a half degree. It's quality is Mark. We're hitting it, it's inevitable. So either way, we're missing out on a lot of stuff. Matt, Bella, so link is protected. Like we're gonna keep living Matt help us. Are you kidding? You're asking, are you kidding? I just celebrated homicide. Yes, out on this one. No, this is zero. Oh, is it ever gonna happen three? I still time. I'm giving these seven. Yeah, thank you Ari. Like what are we hoping for if we don't actually think there's still time yes, collect enough materials to build a bunker so that everyone else and we survived his house for all of us. Free float, bunker. Next headline, this is a good one. I also like how they labeled him but although he's a little bit more than a CEO Facebook, Instagram and meta CEO Zuckerberg. Oh wow. Sue for failing to stop sex trafficking. Nice. See, this is what I'm talking about with the people. Yeah. Okay. Right. Right. Because it's not suing the company. They're suing the man, right? Well, they're all. I'm sorry. What are they suing him for? I got too excited. So, sex trafficking the shareholders allege that meta is turning a blind eye to systemic evidence of criminal activity, Do they sue the company? Know they're doing the person. What's the difference between the company and the person? I wonder, that's my point. It would be a super cool lawsuit if they only sued Mark Zuckerberg. Well, they didn't even bother with that all the people on the board, right? It's the board and, and the in Mark, oh, they need to understand the influence Metro for that board. And I want you to know that this is not just a silly stupid lawsuit in. Newington. Connecticut, this isn't a Delaware Chancery Court. Okay, this is the word, yeah, they're all there. The word Chancery just confused. You, I don't know. Come on. This is good though. Anyone. yeah, I actually read in the article that they're suing because the board to explain how there are working to stop it, which is I mean, how do you fail to explain what you're doing? I don't understand. Bunch of inept people. I don't get it right there, so yeah, they're good for being dummies. Their point of view is that if the board cannot articulate how they're gonna fight it, then they're consciously deciding to allow it right. Right. And as the board, how are you not already articulating that when your CEO is on the record saying? Yeah this is a problem and we are focused on it but yeah. How this is why? I say, really told Ari, when I was visiting lawsuit was she's my favorite co-worker? Yeah, whatever. They're gonna bring us down. Ah, I'm gonna give this an eight. Yeah. What happened? If it gets thrown out whatever anybody else. I'm giving it a 10. I love. Oh, I like it. I like it a lot. Come on, mouth here, you're three. Well, they're all wrong and here's why they already have a way to fight this. How it's called the oversight board? They lost they put the oversight board in place so that Zuckerberg could point to it when he gets sued and say, you see, we have accountability already in place in the last oversight board decision. It was about Sri, Lankan, medical like donations or something. They wrote the oversight board actually said that they can override Facebook could override its own policies by using the spirit of the policy. And That of the policy, which basically means Zuckerberg can do whatever he wants and he has a board in place so that he has, you know, plausible deniability for all the outcomes. This is a two know. This is big that has nothing to do with the board not explaining how what they're doing. Here's how ready, ask me. I'm a board member. Hi Ari. Hey, what are you doing? Stop sex trafficking. Well actually we have a number of policies around it in the oversight board, make sure that we maintain those policies and we keep it, you just, I mean the oversight board that you pay. The suit is they didn't even do that. Your statement of procedure 7% of, you know, you know, sexual contact is taking down within the first 30 seconds of it being up. So we're actually doing more than virtually or the China Media Company. Well there's anything that you do that next question, okay? And even do that enough. Moving on I'm excited to hear how Matt's in a crop over this one. Here we go. Here's the deadline, it's not just tiktok and Matt. This should be a ground rule double for you. This is this is talking your language. Okay. It's not just tiktok. Yeah, you. The Aria just gave me a look like a ground rule, huh? This is a home run. This is a triple. This is a, this is an easy one for Matt. This is a he's been yelling, like he's been yelling about this forever. The French are doing it. He's still gonna figure out a way to weasel. All right, here's a headline. What is it? It's not just tiktok French also warned against WhatsApp and Instagram. Focus on everything. We I know we are such Hypocrites when we're like oh my God, look at the Chinese are doing and you know But it it's just different though because it's not the government, right? Well the government that is the catch. So they said that they are worried about us intelligence, getting a hold of the data. So not if they had sued they added Instagram and WhatsApp into this and said, Zuckerberg is China, One Man dictatorship but they didn't say that they didn't say that wasn't. They didn't say it's about who owns it. They said it's about intelligence agencies using any platform that's non-french. As a way to gather intelligence about the French people. They got their different road but they got there, it's fine, I like it. I'm gonna give it a seven. All right, seven eight, seven. The thing that I wanted to be, which is to say China and Zuck are the same. We are going to sue him like the same. I've been begging everyone that we do at least one of these shows a week and French, but you keep saying, no, we're not going to do that. All right, what's your Own speaks French. What's your story? This is a 10. Thank you for me. Great moving on, Chipotle ties, executive pay. Oh man. Okay. Keep going late ties. Executive pay to Circular economy. Diversity, local food sourcing goals. Oh, Vivic rum Swan to say die. Yeah. This is the point. There's always a point to show where Vivek turns the volume to run a two. This is the point. This is Anybody. Okay, I all start this one. I'm giving a six. It's a start but I looked at their goals. Yeah. And I think one of them is like increase local produce and it's by three percent of what they're already supplying. I just think they could I think these are like lobbing balls to as for the goals. Like I think they could have created some loftier more impactful goals here. Yeah, so it's a six, there's tying it to Performance though, right? Performance of these things. That's not just, but they're all they're crap. They're also being like here. Let's give you like a really easy one and then gotta start somewhere. I like it. True, that's why I gave it a bummer. I'm gonna give his name. He's been snorting. Pixie sticks. All morning. I asked you, Matt. Is this excellent? That's the thing. I'm worried about is this, and it's not a meritocracy, not excellent. They give you a metric, you know, improve, whatever. Just Sense. It should because they're focused on stakeholders, they should not companies should not be allowed. To focus on stakeholders this farmers stakeholders know, this is America, we don't have freedom here, what percentage of the executive compensation is going to be tied to this. Unfortunately, this is the problem, and I feel like I shouldn't tell you this but it's only, it can only affect 15% of the annual of the annual portion of the bonus, only 15%? Yeah. It's not even the salary. It's just the bone, the salaries, the small part for these seats. True bonuses. The big part, but how they structured? It is always like so Jesse's point if they make these softballs and they make a 15%, you basically are guaranteeing near guaranteeing the CEO, 15% of their bonus, right? Yeah. So what are we celebrating? Why do we was this good girl? So guaranteed that he doesn't really care because even if it goes down 15% in this one little area don't making so zero millions of dollars zero but I'm still with Ari here you giving this one a zero I like setting. The president I think it is for setting the presidents but they didn't look executed what percentage of Chipotle's income Revenue like their operations is tied to the same stakeholders. Is it 15%? Hmm. Or is it 50 or 70? But Matt, if the headline were that they got rid of ESG goals attached to pay, what would you give that a 0. So this is also a zero. I'm saying it should be representative of what they're supposed to be managing. So like like I don't I just don't think that like making it some nominal amount and then making softball thresholds. That anyone. I mean I could sneeze and increase. Local produce, 3%, I wish you would, I, I will, I'm gonna go by the CSA across the street. Moving on Biden, President Biden's. First veto is Now official. It's, it's to protect and promote ESG. That's what we do ESG, or we kind of do it. Wow. Does this mean that she's made it? Yes. We're National my dad said this article. See, he wanted to know my thoughts and what were your thoughts? Give your thoughts and answer 10. Let's go, let's go. This is, I don't know this job security, this is sad. And why are you scary? It's like the culmination of the culture wars that you've been talking about for the last two years. Okay, with the veto, you know, at the presidential level. Well just at least he vetoed it. No, it's a first is, first veto. Know, I apparently something already said set off Siri, which is answering from the other side of the room. What a veto is there a chat GPT in Surprise? It's irritating handle that much effort. No, it's really pretty sure. I see smoke coming out of all right. What's your score? I'll give us a six, Matt. I love a good veto. Yeah, this is a fun veto because this is it in our wheelhouse. This is really. We're how often I mean mostly just for us. Sure. How is this gonna happen? Never know who had money on the first veto being about our Show Business pants? Nobody, no one. I'm gonna give it a nine. Okay. Wow. Oh this one's for Ari. The great Ari, the data Queen, here we go. Are you were just telling me we were walking, the lovely streets of West Hartford together. And you were just telling me about your love for the chief sustainability officer at Pepsi, where, you know, I was talking about Pepsi and saying how much you like Pepsi. Yes. So here we go. I don't like Pepsi, but okay, here's the headline. Pepsi's Chief sustainability Officer says, half of the world's population will face water scarcity. As soon as 2025 it's time, everyone does their part and addressing the global Water Crisis. This is coming from Pepsi. Does this Susie Bosch off know? This is Jimmy and Drew. Oh, this guy is so smart. He has two white first names as his name. Like, that's the greatest thing ever. No, I don't. That is excellent. double the Excellence, I think that this is hypocritical, you Water and turning it into a sugar death drink but he almost died. Oh, we need to increase the availability of Safe Water for drinking. Well, why don't you stop turning it into sugar death dream? Yeah, is a three. Oh, you're not gonna tell food and beverage companies to just not exist anymore. Thank you. What about oil and gas companies, can we tell them to stop? Yes. I mean, how much water are they using? That could be diverted into actual water and they're just know I hear you, but I think is like, what are the leaders in replenishing water. As much as they use it. Wait. You smoke bias because like Pepsi I don't I don't know. She likes it just Coke. Said for every you know, drop we sell. We're gonna put a drop back into the world except there were only talking about the liquid in the bottles and what Pepsi's talking about is their entire value chain. Thank you. Which is way more than just a liquid in the bottles. What's your score Ari I'm gonna use a nine. I just like that to that the chief sustainability officers cares about stakeholders. That's all I like Matt. Well I just sat in a conference with one of the sustainability people from Pepsi and first of all she was awesome. Yeah and she talked about some of the like supply chain and like data Gathering problems you have but a company that scale trying to measure stuff and it was psychotic. So I liked her that's deeply biasing my number and I don't like Pepsi which is basically a merchant of diabetes so I'm going to give it a five. I mean, that's the appropriate. Answer moving on, Bill Gates. What are the most famous CEOs in our world? Unfortunately, it's not a CEO anymore, but he, you know, he qualifies in our world Bill Gates thinks AI will revolutionize healthcare for world's poorest. Yeah. He's an influencer now right? Yeah. So he's actually he's a he had a put out a seven-page paper about the coming effects of AI and he thinks that he wrote that paper himself, no, No. Yeah, this. Yeah, he knows about AI. Right. Yeah, and he wanted to marry me and divorce my wife, right? I will say that. Yeah. One of the reasons why he's saying this is the AI will reduce. The workload on health care workers, freeing them up for actual Health. Care. As opposed to like filling out paperwork, Etc. Oh paperwork, like streamlining stuff. Exactly, that's awesome. This is great. Okay, that's it. Yeah, turned already and like healthcare. So Bill Gates has been, you know, Looking funding, whatever about health care for the last, 15, 20 years. So, I'm gonna give this an 8. Can I tell you before, you vote on this Jesse that he haven't had an even better idea. He wrote an op-ed for the New York Times. He's calling for he wants fire, departments for pandemics. You know what I mean? So that we have Physical stations ready across the country to fight off. Any kind of future pandemic. I just think this is brilliant and then when there's no pandemic, they're just all sit in there. Just you are so negative today. Drives me crazy. You don't think they'll be more pandemics coming. You really think that's it? We're done. I there's only been one in our life, so you're terrible today. I don't It's okay to have been talking about it for like, Matt, 10 years leading up to I think somehow Bill Gates profited from all of that. I don't know. I of course he did because he started coming and he saw nobody was doing anything. Can we just he scores a two? Is it too awkwardly right before lunch to fire Jesse? Or do you have to let her eat first? It's actually the our employees tend to be more docile after they eat better to fire than So Jesse you scored a two on this one? Yeah, yes. Well I'm gonna give it the appropriate score of You could argue that they've already helped Healthcare in Emerging Markets because they did hire Kenyans for two dollars a day at chat GPT to train and that two dollars. Probably went a long way to like, oh my gosh, health issues. So I'm gonna give you Well, how do you think? AI becomes AI? It's not trained on like it doesn't have listening devices in your house, yet, learning, what you and your husband argue about it. They actually Outsource it to Kenyans and have them feed, it vile like they had to take out the vial material. It's getting. So with the Canyons were doing was looking through the training material and just looking for like the pornography the air, this Healthcare like for example, now they all need therapists and they don't have the money to pay for it. Training models with scans, so get rid of the paperwork. So getting up on with all your Radiology text, you know, can be more reliable like finding cancer early? I think that probably think proper documentation needs to be airtight and I just don't know that I have the confidence that it's gonna provide that. I mean, just very very good point. Open AI CEO Sam Altman. Today is a deeply sorry because they accidentally leaked all the conversations between users and imagine if People's health records get leaked like couldn't happen could not, I mean that's already a risk right now and this is not Snapchat AI. This is you know health care. I give us a vote. It's a four, hold it. Well Jesse, your pessimism is cut off. Two more headlines on a 10, two more headlines, for the good game. March 23rd 2023, the whole company joining us today. For this one, Mars Mars candy company, you heard of it, Mars, Mars, CEO, hit out at nonsense attacks on corporate ESG. He says that the company will fail to attract younger employees if it only focuses on profits. What's this? Actually. That's not. That argument has been made for the last five years. I know it's not new for the last five years. Yeah, okay. Well, What are we talking about here? Well, we're talking about the CEO of a major company. Lashing out a private company. That has no repercussions for what he says, right? It's a private company. The family family LED, his family LED, he can basically say whatever. Fuck you wants and saying something good here. Yeah, good. Well it's really easy to say something good. When there are zero repercussions to you saying it, the problem is you have Vanguard pulling out of, you know, the Net Zero Alliance and you have black rock, not mentioning ESG anymore and you have companies everywhere, burying all of this stuff because they're afraid that someone's gonna give you upset. Okay, Ari, go first on these, I don't like when you go right into the pessimism and Jesse, thank you. And that's when this guy comes out, you know, this is fine stating the obvious over and over again. So we need to do. I'm gonna go with a seven as well. It's a five at the best. It's a five man. I'm impressed you give me that high. Let's wrap up. The show, which I, I think is a sure. Another sure Grand rule. Double for a terrible symbol there. Sorry. Uh-huh. Maybe my favorite, maybe my favorite headline of the week and this is the last headline, you got here. It is a 5,000 mile. Seaweed belt is headed toward Florida. 100, this is And this is the time we hate Florida. I hope to Santa gets wrapped up in it for the next year and can't run for president. It's great. The best part about that seaweed belt is as it rots, it smells like rotten eggs. That's big. A thick brown, algae that carpet, speeches. Releasing a pungent smell as a decays and entangling, humans and animals. Who step into it. Love it, perfect. Love it. Five. Thousand Mile wide all day. I need to move out, that's all I need wider than the United States wider. They were worried about immigration and they need a wall for it. I love that allergies. All right. What happened? Tell us. Why we were too excited, if you get it they're Hypocrites and they need to deal with shit so that you know? It's real, but Ziggy so he already doesn't want to meet me, anybody today? I understand Final scores for the week. Who are you are optimistic. Seven. 7 7.4. Yeah, just the rounds up to just. So you actually also rounded up to a seven, but you are 6.6. So our, okay, so you an apology and Matt, I like Matt this week, ah, I love it when this happens, a perfect five, zero five point zero right down the middle. Everything that's free, float. That was a good game. It is Thursday some day and March, I think the 23rd If you like this, come back tomorrow, we're gonna wrap up the week. We're gonna do it in our new fancy studio. If you maybe, we'll cut this foot on social because we're in a new fancy Studio till then. Goodbye.