Transcript
Ja, ja, ja. Yes Yes Live from your pack of glow in the dark ESG novelty condoms. That's a throwback. That's like a nineties kind of that's fun. Yeah. can also be used as an actual condom, though. So it's cool, right? It's like yeah. It's a business pants Friday show here at September twenty fifth studios featuring analyst Hole Matt Muscarty. He's the other one with the annoying na nasal voice, nasally voice. A novelty condom, is that still that's a thing, yeah. Win win, baby. Ew, swee. On today's weekly wrap up, Obama agrees with business pants, the US oligarchy, and donkeys. Yeah. I'm not is there there's not a whole that is a weird summary. we're gonna need a lot more context for that. A weird summary there. Our show today is being sponsored by Freeflowanalytics.com. The only platform measuring board power connections performance are free. And there's lot more. There's a giant picture of Peter Thiel on the front page. Wow. No, that y you definitely are driving website traffic to our sponsor now. Peter Teal is number four currently of directors in the news. Number four. He I he was out like talking to somebody, so he's like in every story right now, right? This is all yeah. How about this? Most mentioned companies. Number one, Trump Media. How about that? I wouldn't have guessed that. Yeah. it's well, it's it's mentioned so much because of the like token you know, b like the banning of CNN and there'll be like, you know, Trump who owns his own social media company, Trump media, blah blah blah blah blah so it will actually find him a lot. and it's just because it's Donald Trump. So it's kinda cheating. Banning CNN. Right. this is a cool website, I gotta tell ya. Cool cool is like the understated version of it. Yeah. Yeah. All right. there's so much. Story of the week. We I mean it's kinda awesome. All right, let's get to it. story of the week. Yeah, let's go. Ha ha ha ha ho ho ho I took a a bit of a different approach approach this week. I'm sure you won't like what you hear, but I'm trying. I'm trying to make it a little bit more fun. and I've I've I've had a little fun with the categories. The first story of the week is data rules, like data, like data. We love data. Data. I got some headlines to support this. At DraftKings AI targets the gamblers likeliest to lose. See, they're using da data to target gam right data. Guaranteed I won't, yeah. Yeah. Yeah. Okay. Sure. It's this doesn't seem like new news though. I mean just yeah. All data. The how about this one? The latest gender battle. nobody asks why having more men is better. That's what we always say. Yes. This is out of Australia. this is from who is this from? Marina Go, director of Metcash, from the Australian Institute of Company directors. So yeah, right. Why not ask for the data? Wait, that's what you did. You said that. Right? I like this. Nobody asks why that's what that's what we said back in the day at MSCI when pushy bros push pushy investor bros were like, prove that women should be on the board. Where's the proof? Do they outperform? Yeah, I I thought like I look I'm look I'm glad I'm I'll be honest. I'm glad somebody is saying it. I wish they would just attribute it to you. You said that in a meeting, we've said it thirty times on this show for eight years on the show we've talked about it, that you did this t fifteen years ago. Ga like one at one attribution would be nice. Data. I know. Th there were no reporters at that meeting. Yeah. Yep. We have, we have. how about this one? ICE wiped thousands of people from its database. See the power of data? Like you could data. How about this one? Vaccine expert warns US's four reported measle deaths are likely a vast undercount data. Pentagon quietly adds to US US death toll from Iran war. You get the point here. Data. Yeah. I get the point, yeah. Although how many of them yeah, it is weird. How many of them are using like like AI to like manage their data and the AI was like delete? No, ICE is using AI, aren't they? And Palantir, right? Pentagon uses AI, like they almost we almost went to war with China because of bad AI intel, That's a weird story of the week. Yeah. Only one, only DraftKings. Only only Dra that's true, that's true. about this war on women? this headline six trillion dollars a year in unpaid labor is not counted in the GDP. right? That all that labor done by women at home, th th that's the majority of what we're talking about. Not it's not counted, it's not part of the official system. Why? Why is that not part of the official statistics? Yeah. You can we say can we can we actually express some deep empathy for that? Because both you and I do all of that unpaid labor in our homes, right? Like I I I do the kids, I do all the laundry, I do the dishes and I do the cooking, all the stuff, right? Like I know women for ten thousand years have done it. I'm not complaining about it, but I get I get I get that like that should be counted, man. Too much. Yeah. Did all. I'm complaining. Yeah. Course. It's like non st I work until ten PM every single night. Of course. all right, that's the first story of the week. That seems like a dud. Data rules. Second story. here's what I called it. Here we are in a nerdy free flow nutshell. This is all the stuff we keep hammering, or or the we told you so edition. I could have put that one, nobody asked why having more men is better in this category. But but I I found a bunch of stories that kind of reminded me of like us. I don't know. It just reminded me of f free flow. I I Yeah, I don't like that story. It's a dumb story. You know, I don't know. I think we we know that there are some media and journalists who do listen to the show. I think there's more than they'll they admit to, that's all I'm saying. What what are you asking are you asking them to stop copying our D's or just so this is another get a byline. Like let's get an attribution here. They copy our ideas. No, I w that's fine. I don't care. but here's a lot all the crap we've been talking about. this this story says let's start with this category. Boards in the US are still not taken seriously, and investors do not hold them accountable. So the story is I'm the CEO of a self improvement app, and I hired someone on my board to argue with me. So this is a founder CEO, right? His name is Alex Mitsuick. And he said, When hiring, I look for opinionated independent thinkers. I applied similar criteria when selecting a board member. See, so this is the problem right with American boards right there, right? One problem with the story, if I'm going to nitpick, is that the CEO did admit that he picked the board member rather rather than the investor ch selecting That's what I'm saying. First of all, d these are US centric problems, right? W why is the founder CEO on the board? Why is he also the chair? Why is he picking board members? Why why is it like interesting in twenty twenty six that he's finding someone who doesn't just completely agree with like like it's gone off the rails. It's gone off the rails. How who has an opinion. I mean literally the story is I have an opinionated board I have a board member with an opinion and that is news somehow. Yes. Well, this is the part th this drives me crazy. Like the corporate governance nerd in me is driven crazy by this stuff. How about this one? this this is a story, of course, out of Europe, but this is from out of i Inseed, which is the of Paris. Yeah. Here's the headline, here's the article. What's a board chair's real role? And this is why it triggered me. Governista. they're like a they're like the Harvard Business School of Europe. They're a big deal. Yeah, they're a big deal. this guy says of all of the all the roles on a board, the chairperson is the hardest to define. CEOs act and take risks, directors challenge and vote, but the chair's task is subtler to design and protect the board's collective process. why in the US? Why why? Here's another one. he says another misstep is to become so close to the CEO. Is it are yeah, they combined, yeah. Yeah. That it compromises the independent judgment the board needs. I'm just saying, like, why are we so off the rails here in the US? Why? Investors, wake up. Dino Ya well, in the US, like a d like they're so close to the CEO they often they are that, right? Like that's how close they get. So They are the CEO. Yeah. and then the next story, directors flag gaps in board expertise, of course. So fellow directors on a board flag that another person have another director on their own board, thirty nine percent think that the other director has insufficient expertise to be on that board. What? Is this the is this the new PWC report? I haven't read it. Yeah, it's like we're but we're still here. We're still here. And then more than half the directors want another director removed. We're still here. And then how about this? So they want they say that the their fellow directors do not have eff sufficient expertise. They want another board member removed, and yet they say that what they look for in a new member, a majority, eighty one percent say when they're looking for a new director, that they weigh that candidate's cultural fit. I love that report. I'm so pissed. or alignment with the existing members. So so you so we're still we still stuck. We're still stuck. Yeah. Do we like I like that I like that code though. I like like I like the that we've replaced are they my bro with cultural fit. And like like I like that. That's good. What are we doing? But but you're admitting that y you're that they don't have the right expertise, but you're still worried about if you're gonna be comfortable hanging out with them? You're gonna be co you're gonna be cool with them. You're gonna be fist bumpy with them, yeah. And finally this one. Spi this speaking of this old one, we've been on this one for so many years. Th the new priorities for board governance in twenty twenty six AI and cybersecurity. How how long have we been asking for cybersecurity? No, I mean, how long have we been screaming about this? Forever. WHA NO WER WHAT? Yeah, I since the invention of the internet, pretty much, yeah. well I I will say, like this one i is gonna is taking a lead in my brain well over data is the other one, bec ba mostly because the I I didn't know the PwC report. This is my favorite report of the year, 'cause it's such a fucking comic shit show. It's just so funny how board members, when asked, hate each other but choose each other to like each other. Forever. I'm gonna keep going. This is yeah, yeah. Yeah, data sucked. I know, I blew that one. But they're also they are handing investors permission to vote people out, and investors still sit on their hands. That's the part that really gets me. Like they're saying it's okay. Like board refreshment is important. We need it. We want it. And they don't do a thing about it. And that is the responses. And they just do nothing. They just do nothing. And Paul Atkins has already just said last week that you have no other rights anyway now. So don't even worry about it. Just it it won't and they still won't. So now as well. How about the the the ongoing culture of the C in the US of like the CEO being king, CEO's rule? So let's start with Trump at the White House. the I they're saying that the ballroom architect that he's building, he's building a dumb ballroom. The first architect quit after raising fire safety concerns, and Trump said, I am the code. But in a nutshell, this is perfect. This is perfect free flow stuff, right? I mean yeah. That is the equivalent of Yeah, that's the equivalent of of Jamie Diamond saying, I haven't had a boss in thirty years, right? That's the same thing, right? The CEO founder is is the king, right? In American companies. there's a stories out. Bob Chapik has writ written a book basically blaming Bob Iker for forcing him out. We talked about that one forever, of course. This is the boomerang CEO's rule, exec executive chairs who used to be the CEO rule. Like, yes, Bob. Yeah, let's come back to that. And finally gonna end on this one that stuff that we've been hammering for years. And I I'm first, the headline is EPA illegally terminated seven billion dollar solar program. Let's come back to that. That's one of mine. That's one of mine. Intended to help lower income Americans. This is a ruling from Judge Mary McElroy, another woman, you know, s saving us from ourselves. And then finally, Obama, the former president of the United States, Barack Obama, says the the most business pants thing ever. We've been saying this one forever. but here's the headline. Obama says governments would be better if women ran them. Quote, I'm confident about that. That's like my number one thing here. That's it. That's all I need to know. Let's get to it. That's it. That's it. That's the whole thing. There you actually don't need any of the other things. That's it. Yeah. That's it. All right, that's second story of the week. Third story of the week. let's play a quick little quiz. I I gathered some of the AI stories. I'm gonna I'm gonna give you s a few AI headlines. You just pick the one that you think represents the state of AI this week. Classified es estimates show the NSA is paying billions to test AI models. the US wants an AI era red phone with China. Re rogue open AI agent infiltrated Australian government website and world first. Open AI is enlisting an influencer army to make it look quote good for the world. Open AI agent didn't accept no for an answer in Australian government breach. And finally AI models chose to hurt humans to stop their own pain. Disturbing study finds so where where where do you think what encapsulates the weak there the best, you think? Yeah. No, actually the w the one that encapsulates though that one actu is the I saw the other headline about the open AI hacking the Australian government where Sam Altman met with the Australian government after the hack happened and didn't mention it to them. He knew it had happened and just neglected to mention it. Which Right, even though he knew it happened. Well, why mention it? Well, you know. Isn't that the most like techy broy b we'll give you frictionless society dude thing you could do? Well Well, you what? One of the headlines I passed over, because I'm actually trying to do a show that's less than seventeen hours under my CEO's rule category was this one. Keep growing and pay a fine. Polymarket CEO ignored warnings as fraud attempts hit ten million dollars. This this is the problem with founder CEO fetish, is that yes, we are this is the state of this is why we're at where we're at in the United States, is because we let them get away with this shit. That's that's that's a thing, yeah. That's founder mode. Yes Founder mode I mean th there should be repercussions for Sam Altman immediately for for not telling them. Does anybody Yeah, he should be jailed. Does anybody have a beer can I can crush on my head right now? I feel like I need to. how about how here's a bonus quiz for you. Pick the the the the best Trump AI quote the headline of the week. Which one really encapsulates the Trump AI moment? Trump wants to rename AI super intelligence and he wants a he wants an A AI force and an AI czar. Trump also says there's no need to regulate AI since that that strategy is working fine for climate change. He said it, you know, climate change was a hoax. Okay. AI being bad as a hoax. And finally, he's calling AI oversight a globalist scheme. What does that mean, globalist scheme? I thought Globalist was only reserved for Jewish people. I thought w whenever they s doesn't it? Is Dario Omode a Jewish person? Like I don't I like but but he Well, I think that's what it means. But isn't I think he is. Sam Altman is, right? But wait, if we regulate them, wait, can Jews regulate other Jews? I don't even know. I'm so confused by this. But d but can they show up at like dinners with sh you know, she and China if they're a globalist? Like I I I'm gonna go with globalist scheme. That one's that one's perfect 'cause it it's it's so confusing. I I don't know. Which is the stupidest Trump moment of the week? Like as to you have no idea what he's actually saying or talking about. Like who's the globalist and why is it a globalist scheme? And what is the scheme exactly? And what is a globalist anymore? I don't even know. I thought it was just George Soros and Larry Fink. Like I thought that I I thought I don't know. I don't know what's going on. Yeah. I don't know. It is. I'm gonna end the AI story on this. the Zuck section. so Zuck unfortunately has released yeah another tool that that could erode our culture. It's called meta it's called Muse AI Agent, which I guess does which I guess does everything for you because why rely on your brain? Mark Zuckerberg predicts Muse will become a personal I s I saw that was a thing, yeah. super intelligent verbillions. If if that doesn't scare the life out of you, if that doesn't worry you, then you shouldn't be listening to this show. W why do we need why do we need what why do we need a d our a different I don't understand this. Explain this one to me. Why do we need a fake intelligence? They should just every single I d I you know what that but that that's not the thing to explain. Like cause because you're like focused on like what do we actually need that product for? But what I think we should focus on is all the headlines should say this instead. Guy who made perv glasses wants to put a personal assistant in your house, right? Like because if you actually thought about it. Yeah, go ahead. Well no, I'm focused on cognitive decline of what I'm focused on. The guy who made glasses that are being used by dudes to film women without them knowing wants to put something that monitors your entire life in your house. That feels way creepier to me. Like what w what are we doing? We wonder why there's a backlash against AI. It's because Mark Zuckerberg, Pervy Zuckerberg, wants to like sit in your living room and listen to your conversation all day. Well W you know, this is the part I I always feel embarrassed saying this 'cause I know I'm a broken record t on this show and to everyone I talk to, but people don't want to quit Mark Zuckerberg. They they won't stop using his universe. How about this one? Meta plans to spend a hundred and forty five billion dollars this year developing these products, more than every military budget in the world except for the US, China, and Russia. We're we're giving this dude money to do this. I I mean Well, I I I if I'm I actually got in like a like a debate with like some like friends over dinner because this came up. They were like debating about, you know, someone we know was like okay with the Facebook you know, thought the Facebook settlement Facebook shouldn't have settled not because, you know, they thought it was a s free speech issue that Facebook the as in Facebook had the right to allow likes Stop talking. I'm gonna stop talking. Free speech how? And build the product they wanted to make. And they should have never but f forget it. Like that, like you can have an ideological take and two people can disagree and whatever, and it doesn't matter because the courts settled would have settled it against Facebook. But everybody was very indignant about that take. And then I said to them, Who which one of you is on Facebook? And I f the fucking it was like the floor went out of the room. Not what free speech is about, but a g okay. Okay. Sure, sure. Yeah. Everyone looked at me like I was the asshole, but I was like, But that's the problem. We're like you can't possibly say that you don't like the ideological take and use the product that that like the ideological take is about, right? Like it doesn't work like that. You I know. We will we will like ostracize and ban a a local dishwasher repair person who had a MAGA sign out. Like we will we will do everything we can to warn people, you can't let a MAGA person, you know, work on your dishwasher. But in this situation, you're absolutely right. No, we couldn't possibly quit Mark Zuckerberg's empire. We couldn't. Couldn't quit. Sorry, we can't quit that. And I I had I had somebody tell me that like that they they preferred TikTok and that was their s and I was like, it's the same thing. It's just a different version. They're all different flavors of the same thing. What are we talking about? you know, we're we're funding our demise. And finally the fourth story of the week, a traditional one. Paramount says it has complete clearance to buy Warner Brothers Discovery and wants to close the deal in about two weeks. So the the attorneys general who were had an antitrust lawsuit, they've basically given up. It was led by California they're j and you know, it's no surprise that that this happened. This is kinda like the other one we were talking about. Look at the time. Look at it's a one month to the midterms, baby. Look at the time. yeah. And so yeah. I I don't know what what do you got? Story of the week. This is a weird one. I'm giving you some weird ones. my god, this is this is really weird. this I d like what my option let me summarize my options to just so everyone is a aware how weird this was. Yeah. Look, I'm the look, okay, before you summarize options, I do wanna apologize to the listening audience, but this is the state of the business news. It's either like AI doomerism or it's nothing. Well, the the you managed to split split it into data, stuff we told you about, AI stuff of this week, and then Paramount in the Warner Brothers like that what a weird But look there it isn't like every one of these stories is a little bit the same exact thing in this way. Yeah. The power of data. Yeah. Paramount. Yeah. Nepo babies winning and yeah. Yeah, of course. Yeah. Right. Almost every every single company that you mentioned, every single entity that you mentioned is a nepo family dictator, like mans run company, boy baby company or entity doing or saying a thing that fucks us all. About Ba boy baby Yeah. Ad addicting people to nonsense. Like it's real it affects all of us. And the antidote is no more fucking man babies. That's that's it. Well to your f to your point about your f yeah, go ahead. Well and Obama right, Obama agrees with us. No more man babies. I mean th that's the funny thing about what your friends were saying is that well we're dealing with addiction here, right? I mean th right? I mean that's the reason why they can't but that's the reason why they can't quit those products, right? Because th think of all the things and companies they would quit, but they can't quit Facebook, they can't quit Instagram because they're It's beyond addiction. Now they can't fit quit chat chat GPT. They can't they're people are addicted to AI in the worst possible ways. Like the the the in 30 years, because they just finally, you know, 25 or 30 years after social media was created, 20 years after social media is really created, they finally settle with Facebook for billions of dollars because it's addictive, like tobacco effectively. In in 20 years. 'Cause they're addicted to it, right? I was gonna mention tobacco, yeah. We are going to find that not only is AI like destroyed our brains and made made us angry, horrible people, that it's worse than every possible addiction anything has ever been served to us. It is so much harder to quit. You know, I'm starting to realize that so I lived in New York, city at the time where they they outlawed smoking in restaurants, cafes, bars, right? And then at the same time, I think because of taxes, they jacked up the price, right? And that ultimately is w what got me to quit. And I'm thinking maybe we should do the same thing with social media, right? They you can only use it outside in the cold. I like that. Right? And you have to pay and you have to pay like $10 every time you access because I I I kid you not. I knew how dangerous smoking was. I I knew how horrible it made me feel, but I couldn't quit the habit. It was the fact that New York City kicked me out of the out in the street and raised the prices that actually got me to say I give up. Every time you log every time you refresh. I was in New York City when they did that and loved loved it because I didn't smoke. I was so happy everybody was outside. I love the go outside. I'm I'm I'm picking that we were correct. That was that was that that was very clearly the story of the week. All right. Are we doing we we re we changed the order? So there you go. That's the solution. That's the solution. Yeah. Well then there then then that's the solution here. Alright, let's did you pick We were Yeah. Yeah. I reordered things. You know, I I I because the ass holiest always like breaks me down and makes me sad, I wanted to like end the show on some like levity. So I'm moving goodliest, blowhardiest, headlineest, all that stuff. All that fun stuff to the end. Let's let's try to end on a good note. Let's Alright, let's do let's let's do not a good note then. Actually all right, this this week is not as bad as most weeks. it's a little bit wonkier too. Look, number one on my list is US oligarchy. I so it's getting really bad, right? Like Bring us down, bring us down. I don't believe that. Getting bad. Yeah, did you notice that the in the in the state meeting between the US and China, who did Trump bring to the meeting? He brought CEOs. Yes. Like all CEOs, right? and Chi thank God for China, they did not do that. They just did the old fashioned state meeting, which they brought himself. He brought the the the leader of China that's all I mean, he didn't bring the CEOs. That that's what normally used to happen. He brought yeah, the leader of China showed up and I mean th Trump really, really wanted the leader of China to like him, like wicked bad. Like because he he he brought a bunch of CEOs, he met him at the tarmac. Like what what like I like when you So we brought all his like nerdy billionaire dropout losers, yeah. W when your daughter comes home from college, do you go to the airport and meet her or do you just put her on an Uber, right? Like like w Trump showed up at the airport to like go hold she's hand down the runway. I live in I live in Portland, Maine. I show up at the airport. Yeah, it's like two minutes to get there. There's no traffic. All right. I guess that's true. but look, I read this article from 2025 at a Baylor University, the professor out of Baylor who defined what oligar oligarchy is. He's written papers about how oligarchy i w is the American version of the oligarchy. the professor's name is Luke Winslow. and he and he outlined oligarchy in this way, and I thought it's useful before talking about Yes, Luke Winslow. the oligarchy being an asshole to know what the definition is. So th there's four items here. Oligarchy is exclusive. It's a form of government about preserving political and economic influence of the wealthy and securing the approval of the rest of the population. Basically it's we own all the money and the political machine and you like us for it. Okay. It's like an exclusive club only like a few people can get in. It is the number two was wealth versus income. This isn't about people who make 200 or 400,000 dollars a year. This is about people who are worth two, ten, a hundred billion dollars a year, right? Like it's you have to have massive wealth in order to actually push the political machine. it is understated and subtle. Modern oligarchy, and this is a difference between like old oligarchies, the modern oligarchy actually uses persuasion, it's not like force. It basically tells, you know, the citizens, like, we think that this is right. You keep hammering the idea over and over and over and over again. That is why in a modern oligarchy, it is so incredibly important that the oligarchs own the media. That is a separating thing, right? Because if they didn't own the media, media, they couldn't persuade you just by showing you the same thing over and over and over again. Course. Well well that's why I mentioned like there's now a huge push, AI are hiring like they're putting a huge budget into influencers to go around and like preach that the company is awesome, exactly. And talked about how awesome they are. and then finally legal immunity, right? And that's this is the one that's the most familiar, like when we think of oligarchy and like Russia. It's like there is no law for them. They they they just live in a different space. Immune to the law, yeah. Like a like a Mark Zuckerberg type who has who's not only insulated from any kind of oversight of his own company, but it but section two hundred thirty insulates him from the law, essentially. i it's the law. Like he's not accountable for anything. So I I w No. No. Not to mention he spends thirty million dollars a year on security and he lives has seventeen ho homes, so he's not no one can get Adam for anything. Yeah. For n yeah, a like he's got homes everywhere too, like and probably twelve passports. But like this is the headline that set me down this path. Paramount weighs tapping Musk for equity investment. Meaning Paramount Nepo baby David Ellison took daddy's money to buy Warner Brothers. Paramount has so much debt as a result that they are actually going to fellow oligarch Elon Musk. Yeah. Okay, go ahead. Course. Yeah. Yeah. Who has wealth exceeding $900 billion to borrow, like get some of that money as equity and not worry about their debt so much, right? Like that this is how the oligarchy works. The oligarchs protect the oligarchs. They are the power structure, they are the scaffolding of the entire system. So it's time to actually start officially calling them oligarchs. Like to stop thinking of them as CEOs, because when you call them a CEO, Yes. True, it's true. You make it sound smaller than it is. These are that's a problem. Well that's yeah, that's why yeah, that that's why I mentioned that article f out of Paris, talking about board chairs and CEOs, because you're right. We the terminology we use here is it's not an equivalent. The C the American CEOs are not the same as the rest of the CEOs of the rest of the world. You're absolutely right. It's not. And every one of these people who I'm gonna name have no accountability to their boards or to legal systems. Well, I was gonna say like the the other thing about Larry Ellison, part of the problem with the merger and the debt is and and you talk about no accountability, is that at Oracle the the share price is just keeps going down. It I think it's already down from a peak. It was a three hundred dollars last year, it's down a hundred and eighty dollars. You're right. I i at a normal company there there is accountability for for in for shareholders losing so much money so fast, but not at an Ellison, not an oligarch's company, right? Definitely not an oligarch's company. and and it's it's it's worse because like everyone these are structurally insulated people that investors have literally could give a shit about, right? Like they they they're so interested in the FOMO of it that they aren't and and unwilling to do anything about it, that they will take no rights in order to make money themselves. It's like it's like the oligarchy. Go ahead. Go ahead. Yeah. Well yeah. bought the investors through being oligarchs, right? Like 'cause it's it's they're not geniuses. They're not like better than us. They're not better than people. Well to my point, to my point, our culture and this goes both ways. I'm not just picking on the liberal culture. It works in the conservative culture. but as an example, 'cause I live in a liberal culture, the same person who will go on Instagram or wherever and call out a MAGA person and and and attack like a a regular, you know, person struggling with a small business, not you know, to boycott that business, you're right, will absolutely hold shares and Elon Musk held companies, Bezos, Zuck, whoever you're talking about, they will they will hold those shares and they won't see the equivalence of the argument. Yes. They drive a Tesla, they you know, what whatever. Yep, yeah. And so y like it is we have now, I think, crossed the threshold. When I see that like we know about the AI circularity investments, we know all the things that this is just from this week headlines for the oligarchs. The oligarchs I'm going to name. Elon Musk, obviously, but just this week, US backs Elon Musk's bid to overturn 120 million euro EU fine against X. That's a weird one. That's a weird hello. W what is that? Why was the US getting involved? What do you it backs it? they are basically fighting with Europe over a fine over their tech company because it affected the oligarch. So yes, so so so flip so flip that and and make it say, you know, like Russian government backs you know, oil oligarchs bid to overturn sanctions. Like isn't that the same it's literally the same thing and but we're not using the right language for it. What the government, the federal government is involved with this? That's nonsense. Yeah. Course. Yeah. Yeah, you're right. That we're not using the right language. You're right. We should change that over. Yeah. that the Musk is listed in the mega donors pouring one point seven billion into the midterm elections here. And I'm glad you mentioned that before you move on. Is that there was a a a graphic I was looking at and and I don't know why it's changed so dramatically, but for the so this these election cycles for the first time really ever, the top twenty donors, there's only one blue donor, one billionaire donor that's still George Soros. The rest of them are all It's all conservative. It's all the it's it's like the the Greg Brockman's, the Elon Musk's the Sam all like it's all those same type of the Larry Ellisons. And it's all tech baby, tech bro, man children who are d like like you have i at least it used to be like like like an Adelson here or you know, like there was like one or but there's w there were like Still still Adelson family's still doing it, but isn't Adelson, isn't that like gambling money? Yeah. And there's like Dana White is like, you know, punch in the face money. It's all it's all bad money. Yeah. Yes, it's hotels and gambling. Yeah, yeah, yeah. And then finally Elon Musk talks up AI safety while fighting regulation in a week of wild alliances was a headline. But it's like But like look, if you think there's going to be AI regulation, it will not because what the oligarchs are doing the oligarchy thing. Remember the four items, right? You have to make people like you. So they have to Well this is the part that has my head spinning. believe in you and think you're amazing. So if you come out on the side of the people and Alex Carp does this on a fucking daily basis now, where he comes out and says, like, I'm just an everyman and then like then Yeah, and then uses his technology to throw you in jail, right? all right, Jeff Bezos, right? he's clearly one of the oligarchs in as much as he d he's the only one that has a one share, one vote company. He's an oligarch you can get rid of. Yeah. You're talking about the Palantir CEO. But he is spending thirty billion of his fortune on Blue Origin to own space alongside Elon Musk. He owns the Washington Post. He's he we have him as sixty-eight percent influence on Amazon. Like he fits all of the other criteria and he keeps weighing in on what he thinks all the solutions are to all the world's problems that he has no fucking right to weigh in on. I mean yeah. Yeah. We we haven't even talked about that a lot in these shows, just the the sheer nature of the CEO Olgar class privatizing space. Like that's that that that yeah. You wanna know who did? Emma Lurking five years ago on this show talked about the the the the privatization of space. Emma Damakosh, who was who worked with us for two years, she was way ahead of that trench. She actually went in and looked at the laws of how you can commercialize and privatize space at the time. and Really? Emma Damakosh. Right. Well, she was smart to get ahead of that. Yeah. Horrible. Yeah. Can I just say to taufreeflowanalytics.com too is that it's the it is the only provider you will find, the only data source that rightly lists Jeff Bezos still as the dictator of that board in that company. And that's an important side note to why this data is so important. Because if you're making investor investment decisions based on things like this. then you're only gonna find it in that data set. 'Cause he's just because it's one share, one vote, just like Tesla too, doesn't mean that these these types of people don't exert complete control over everything. Yeah yeah, there's That's that's correct. Zuckerberg's on the list. He's worth two hundred and fifty-nine billion, and you already mentioned the headline. He's gonna spend 145 billion this year. So th just think about that. He was fined seventeen billion dollars for addicting children to his platform, causing all sorts of body dysmorphia, problems with children. They can't get off. It's it's it's a massive issue. He settled a multiple states, 17 billion dollars. yeah. Think about that. He is going to spend nine times that amount that it was it was nothing for him. He's gonna spend nine times that amount this year to enrich himself even further and put himself more in your face with AI and addict you to the shit. It's gonna be even worse. He's just gonna be richer. how about you I mentioned we mentioned Ellison already, but how about and my final oligarch on the the the first official oligarch table is Peter Thiel. Just this year. Just this year. Yeah. Teal is not a CEO of a company. He's not he's on the board of Palantir. He's been on the board of Facebook. He was an angel investor, but he is one of the richest, most influential people in the world, given the fact that he is the one who his money often he is the reason why JD Vance exists. He basically backed JD Vance into office. Yeah. I feel like he's a reason why a lot of w what we're talking about exists to be fair. But yeah. And i he's in the headlines this week for saying he worries it will be hard for JD Vance or Marco Rubio to win in twenty twenty eight. Not that they should win. He worries that they that that it will be hard for them. Like there's no conversation. And Peter Thiel says America's anti AI backlash is a self inflicted wound. This is must be between talking about the Antichrist, which is the other thing he's doing. Yeah. Yeah. Good. I don't know what that means. Yep. I don't yeah, he's he can clearly he can see the future and he's he's wiser than the rest of us, so yeah. Unbelievable. So the US oligarchy is my first asshole of the week. My second asshole of the week is executive chairs. You Okay. You talk about y let's let's let's be specific. You're talking about US in the US, executive chairs, yeah. Right. US executive chairs. 'Cause it doesn't happen anywhere else anyway. and it's because of this headline Bob Chapic is not so over getting fired from Disney. You mentioned Bob Cha Chapeck. Right. He shouldn't be. They humiliated him. I mean, let's be fair. Yeah. It's nice. Bald bald Bob. He so this is from a book. He's on a book tour, okay? remember, just for anybody who doesn't remember, Disney Bob Iger was stepping down, air quotes, for the second time he was stepping down. it was the second time, right? It wasn't the first? Yeah. And Chapik was named as CEO, but Bob Iger was going to stay on as executive chair of the company. Beautiful Bob. Beautiful Bob Iger. Yeah. Yeah. Yeah. And this is what Chaepik had to say about that tenure in his book. He recounts an exchange with Iger, who was mentioned 121 times in the book. It basically is a book about Bob Iger. the two were talking about the role of Disney's chief executive officer, and Chaypeck remarked, No one is bigger than the company. To Chaep's surprise, Iger responded, You know, that may be true of other CEOs, but I like to think I'm a little different. And then quote, from the moment he announced my appointment, he clearly regretted it and seemed to initiate a relentless three year campaign to push me out, he wrote. From day one as CEO, I had respected the board's decision to have him remain as executive chairman, directed creative endeavors and overseeing the transition until late 2021. I'd always made it clear I had big shoes to fill, but I'd never expected to endure a drawn out, purposeful undoing of my leadership. Okay, so Bobby Chaypick. Seriously? You didn't expect that at all? Like I don't think he I don't think he unders he doesn't follow corporate governance as closely as we do. Yeah. I guess ch what do you think what do you think was happening? Did you met the board? The board were picked by Bob Iger. Like you you you seriously thought you didn't you'd see this was a big surprise to you. What are the most w This is one of the most like popular fetish sized CEOs in America, right? So who's been at who had been at Disney for actually it was the first time he had stepped down, but he had threatened he had there had been failed successions. So I think that's what you're thinking. But he had been CEO Disney for almost two decades. he remains as the former chair, executive ch a former CEO, executive chair. Yeah, Bob, I mean Chapick, you're you're you're silly to think he's not gonna exert his force. Yeah. Yeah. Yeah, yeah, yeah. He he Yeah Come on. Seriously. but so by our account, by the Free Flow Analytics data, there are three hundred and eighteen executive chairs in the US right now. That excludes that excludes family run companies. Well think about it, there's like four thousand US companies. That's like ten percent of them have an executive chair. That's it? And that also excludes the co o okay, but let's be clear here, and I know you don't have this data in front of you, but that that excludes the combined CEO chair role where the chair is an executive, right? I mean 'cause there are a lot of those too, yeah. Yes. Yes. I I'm only looking at I'm only looking at when there's a CEO and a a chair and both are executives, right? The biggies are Apple and Coca-Cola. Those are the big ones. The big the big ones are Tim Cook now at Apple, executive chair. maybe I have that wrong. No, Tim Cook is still there. And the other big one is Coca Cola. We don't talk about Coca Cola. Sure. Like Tim Cook. Okay. Wait, I thought Tim Cook left Apple. Yeah. No, we don't talk about Coca Cola. It's like old old fashioned drugs. We it's like a antiquated drug that rots your teeth, not your brain. Ever. But the But also have executive chair and CEO as separate. the biggest gap in influence between the executive chair and the CEO, where the executive chair has all the power, is at Kroger, where the chair has 26% more influence than the CEO. No, it's not the founder of Kroger. It's just the powerful long term CEO. And the one that you are going to read a future autobiography titled Really? Wow. Is that the is that the founder? Is that why? Just a powerful longtime CEO. Huh. Interesting. My time as a fake CEO is going to be by Michael Fidelke at Target, who has six percent less influence than the dumpster fire that is Brian Cornell, who's still, still the executive chair. Target just had to bring out back like all half its Halloween costumes because they were racist and horrible. And Yeah. yeah. Well, Yeah. Well I was gonna say, I mean, th there's what a great opportunity for a boomerang CEO, right? Target. I mean yeah. They're waiting for for anything. The first bad earnings report, yeah. Mm-hmm. course. They're just waiting for the first big thing and then Brian Cornell's gonna sweep back in and then Michael Fidelki gets to f get fired and write a autobiography that says Brian Cornell's a shit bird and I hate him. It's gonna be a great Well that's a good that's actually a I that's actually a really good point you just made. This is how much succession and governance at US is out of whack is is what happens with the Bob Chax and the Michael Fidelkies. They they've been at the company for years. They've been highly successful executives, they've they've they've risen up the corporate ladder. And what happens in these boomerang CEO situations is that they're not put into Yeah. Decades. other important roles. They're fired. They they get rid of them. They get rid of them. So you're losing you're it's like a you're losing a brain. I mean, which is why? Why? You're fired. Gone out gone. And and And and and they can't get jobs after that. They like because they're humiliated, they're basically looked at as failures, they like they they couldn't like succeed the big f shoes they had to fill. Yeah, 'cause they're humiliated. Yeah. Right. Despite decades of success at the company that allowed them to fill the that role. Yeah. So executive chairs are asshole number two. Asshole number three, governance hijackers. And it's really just two headlines that drove me nuts. The first headline I'm gonna read is Microsoft agrees to preserve shareholder proposal rights through twenty twenty seven. Well, what it means is SEC is rescinding shareholder proposals, you know, and and Microsoft is agreeing to preserve those shareholder proposal rights. I'm exhausted. What's that? Go. Yeah. through twenty twenty seven. Which is fucking ridiculous in in and of itself because they won't be settled. It won't be rescinded by the end of twenty like for the next meeting, right? Like it's still gonna exist. But the reason why it's a hijacker is this is National Legal and Policy Center, the anti ESG, anti trans group that has gone out of their way to press release the fact that they have quote unquote Only one more meeting? Yeah. Right. Huh. right. G come to an agreement with Microsoft to preserve shareholder rights for one more year, which we're gonna be preserved anyway. Like you guys are talking about shareholder rights like it matters. Like, are you serious? and number two headline here is Florida AG files shareholder petition against the New York Times over corporate governance. The petition they filed was it's it's not corporate governance. This is what they framed it that way, and they're talking about it like a shareholder. please. Yeah. Right. Corporate governance. Yeah. The New York Times is a dual class company, or it's a it's a totalitarian company. I know that the Salzberger family owns it, runs it, right? You know? but they are trying to hold them accountable because they report in their filings that their reputation is important. It's like a like a the biggest thing. And they in the last year retract or two years ago retracted a story about Palestinians that was like too Right, right, right. Yeah. Okay. like too many Hamas quotes in it or favorable to Hamas or something like that. It's like some retraction. The way they angled this was like because effectively what they're trying to do is because you're anti-Israel, then then we're going to file a shareholder like lawsuit against you. Because you're lost because these the the the the shareholder process like we basically I don't yeah. The New York Times is anti Israel? Okay, sure. Okay, you I'm lost in the I'm lost in the weeds. Yeah. Political theater. Are are losing part of the shareholder process because people are saying it's been politicized, it's not necessary. And the people who have politicized it the most are the ones using the shareholder process right fucking now. Like, are you kidding me? They blamed the left. Yeah. They blamed the ESG the ESG crowd, but it really it's yeah, it's this crowd that's really yep. Okay, governance hijackers, executive chairs, and oligarchs. I mean, what I don't know how to handle this one. I mean what we we both we both didn't know how to handle the news this week, clearly. I you know, these are evergreen, the oligarchy you know what, I'm just gonna land here. I Yeah, that and that's all I got. I'm just gonna do those three. I know. This week is a really weird week for both of us. It was that good. I appreciate your call for us and for others to kind of like rethink the language we use. That we're we're normalizing the Mark Zuckerbergs and Elon Musk of the world by calling them, you know, the CEO of Facebook or whatever. Like, no, it's it goes so much further than that. And I'm and I'm disappointed, especially in like our generation for kind of like sitting by and I don't. The CEO of Meta, yeah, right. You know, just being like hypocritical in what we call out, how we call out, but yet, you know, we refuse cause you to your point because of FOMO, you know, we we can't make big decisions to stop investing in it. We can't make big decisions to stop using the product. yeah, yeah, yeah, yeah. So I I I wonder if the language did shift, which we know it's not going to. But if it did, if it would have an effect on people, right? Like l the same way that the language around tobacco shifted enough that it did have a a cul it did change in our culture, our right? I mean we started looking at the CEOs of tobacco companies as villains, right? Well, I I I I it actually got me when I wrote this up, I had the idea that in the free float database there should be a flag next to an oligarch. And like so when you look up the person, the language that gets used, and it should be a data driven thing. Like these are firms that lobby the most. These are the richest individuals in the world. Yeah, that's easy. Mm-hmm. they appear in the most st the the they appear in the most news stories and they're totalitarian at their companies, right? Like there's some very simple criteria that you can use to say these are unaccountable human beings with massive amounts of money who are influencing the machine. That is the definition of an oligarch, right? Like that is it. So w we should stop calling them CEOs. We should stop thinking of them as like, they're highly influential. We should start saying Influence selections. Right. Right, right. Yeah. You're an oligarch. Like the the headline should say oligarch Elon Musk's bid to overturn a hundred and twenty million euro fine is backed by US government. That's what it should say. Yes. A CEO Yeah, this to the p to my original point, the the CEO is the in charge of day-to-day app operations. That's it. That's what a CEO is. That's not what these people are doing. They're they're they're in chur they're they're trying to change the world. They're trying to have right? I mean, isn't that what they're doing? They're trying to influence the global i politics. Yeah. All right. Let's move on. Let's let's get a little For themselves to try Alright, let's let's let's do let's do the rest. Let's kill the rest of this. I'm gonna attempt now this is our attempt to be more lighthearted. Will it work? I I'm gonna start because my this is the the most lighthearted of them all. And this is what it's come to. This reminded me of one story you loved last year where they were gonna shipping shipping industry found a new way to have like a more green right, a more That's a little bit funny. Goodliest, goodlias, goodliest, yeah. yeah. All right. So that's Better for the environment by putting giant sails on their ships, right? Yeah, I loved it. It was f as ca it was like a big announcement that we've reduced emissions by like X percent, shipping is getting green, and it was how we did it. We put sails on the boats. Come on. So this is this is the another this is like similar in the it's an antidote to the world that we're living in, that that Zuckerberg and Oligarch world that you just referred to. The headline is scientists claim that three minutes with a donkey or small horse can save teenagers from depression. Three minutes. I I gotta tell ya. So Really? That's all it takes? I don't talk about it anymore because it was a while ago now at this point. Right when we started this show, I had just come back from living in France for a year. I live in a very small town, ridiculously small. on and on the walk to my local supermarket, there were ponies in front of the there were ponies outside the supermarket. Two ponies. They would sit there, I'd go over every day, I'd talk to them, I'd pat them on the head, and I gotta tell you, they're a and that's a small horse, right? A pony. So the scientists are absolutely Yeah, that is a small horse. Yeah, yeah. Right. T come on. Come on. But but listen to the like put it in the greater context of the world that they want us to have. They're telling us do not get a college degree. Go get a degree as a No no. I'm just saying fuse it all together. You've got like the oligarchs telling us in the oligarch man babies, don't get a college degree. It's not worth it. Don't ever do it. Just go be a carpenter. And they're also saying like, you're only gonna work like three days a week. and here's a pony. Yeah. That that's not what the scientists are saying. Right? Like w what is your fucking world at this point? Like what are we? It's a the stone ages. It's the stone ages. Yeah. Yeah. Well, it is. You're right. The antidote to this world is the Stone Ages because as doctors always say and and anyone who's done this knows that like when you go for like a walk in the woods without your dumb earphones, just take a walk. You can't really be depressed. It just li it lifts your mood. It just does. All right. Is the Stone Age? Yeah It really does. I if you did that walk while pulling a small pony, it you would be the happiest person on earth. mine was the video game industry is brutal, now it's unionizing. All right, go ahead. What's your goodliest? Is that okay, I don't know how I feel about that. Brutal to who? The workers? Where? Where are they unionizing? Is this like an i industry wide thing? brutal the workers, but I love that that they're th a Microsoft. yeah, like the the inside of Microsoft they're talking about unionizing. Blizzard, yeah, yeah. And the so I like that they did it. I wish that they did it under Bobby Kotik, who is a total ass, but they're doing it now. Blowhardiest of the week. The ones who bought Activision Blizzard, right? Yeah, cool. Now I I chose yours because I also landed on this headline. but I'm gonna defer to you. but because it just you know, it was just too much. I almost I I almost like lost my ability to to my lungs were were suddenly unable to process oxygen. So no, so I'm gonna pick so I had to take take a different one. I'll let you read the one that is the true winner. So I picked It's the only headline. Why don't you read the headline and I'll read the quote. All right, okay. NVIDIA CEO Jensen Wing says there is a quote zero percent chance, end quote, AI ends the world by twenty thirty. Think about that. z well that's the guy the guys making the AI said it was ten percent, so I mean how b how blowhardy is that? I mean w what are we doing? I I w w this Jensen Wayne character. I mean I mean what are we doing here? Why is he even say but why is he even saying s that? I I this is a guy look put Jensen Wang in But no we have to under like this is what the like investor like capital markets does incredibly badly. Understand who Jensen Wang is. Jensen Wang IPO'd NVIDIA in like nineteen ninety three or like it was like thirty-five, forty years ago that like they they there was an IPO for NVIDIA. The people on his board were there He sells like Walkman. He sells like Discman. Yeah. Largely then, right? Like with him. This is a nerdy guy who actually was making video game cards for shitty computers in the nineteen nineties. Yes. And the sh yeah, the and the share price was like two dollars for like thirty years straight. Yeah. It was $2 for a bajillion years for the entire stretch of that. Now everyone wants to know what he thinks about stuff. Imagine how intoxicating that is if you're Jensen Huang. Like, and then it's so intoxicating that you say stuff like this. This is the headline. NVIDIA CEO Jensen Huang says that sacrificing our children's minds to AI is a price he's willing to pay. How I know. Unbelievable. what's the what's the actual blowhardiest of the week? Yeah. Go ahead. Yeah, well, 'cause he's getting rich off of this shit. Here's the actual quote or or one of the actual quotes. Quote, There are a lot of skills that don't matter, he said. I mean you could end the you could end it right there. our my mind is already like angry. w which I like why do we w w how does Jensen Wang have the authority to even say stuff like that? Already out. A lot of skills. Like this is Well, he said well, this is him saying after he said that kids like shouldn't get don't need to learn certain skills anymore, he the skills he said they didn't need to learn included long division and multiplication. He said maybe those aren't relevant, right, anymore. Then he went on to say, and this is him humanizing himself because he I I think he realized what he said was kids should be dumber, right? I like and always trying to like So he said, quote, There are a lot of skills that don't matter. My family. Sure. huh. What why how why? Why are they not relevant? Go ahead. He took off his leather jacket and he my god. So what do you say? First confession, I actually don't know my address. One day I had to pump gas. It was a few years ago. They needed my zip code and I panicked. I didn't know my zip code. I don't know my telephone number. I forgot these things. I can live with it. What? Okay, so what he's saying is that since everyone will be have like be worth a hundred billion dollars like him, you won't have to know your zip code in the future. Is that what he's saying? Like it doesn't just be like him and it won't matter if you're dumb. I just I could not get over one day I had to pump gas. Like as in there was that one day when I wasn't a multi billionaire when I actually drove a car and had to pump gas and it was like, What's your zip code? And I was like, my god, I'm a billionaire. I don't know this shit. What am I supposed to know? It was a few one day I had to pump gas, it was a few years ago. That that impli Yeah. Well Doesn't that imply he hasn't had to pump gas in years? The one day he had to do it, he couldn't remember where he lived, what his phone number was, what his zip code was, he had no idea anything. And it was fine because guess what? I'm a billionaire, it's cool. So it'll be cool for you too, kids. Like it was so fucking stupid. All right, headlineist. Unbelievable. Great. Alright, f I thank God I have a headline. Yes, that's like represents some levity in the corporate world. Kraft Heinz Y you know it's gonna go off the rails if if it's Kraft Heinz. Kraft Heinz is launching a mac and cheese flavored cream soda. You know, it's funny, like when I first when I first read that headline, my brain went to just a mac and cheese flavored soda, but that but no, it's Yeah, it's already c it's already going bad. Ugh no Mac and cheese flavored cream soda. Like what are we doing here, Kraft? I this is nuts. Absolutely nuts. Cream Sola. It it actually they describe it it's K D and Solly's cream soda with a hint of cheese flavor. I mean maybe I maybe I picked this because that's the world I miss. I don't know. When when we started in the corporate governance world, these used to be the things that that made us giggle and snicker. Now it's like now there are CEOs S P five hundred companies who are saying that there's a percentage of chance where the the world ends in four year like now we're we're at that point. So it's I kinda miss just mac and cheese flavored things. Well look, what what if you want that nostalgia, go buy a mac and cheese flavored cream soda when it comes out. my headline is is much less good. it is it is here's the headline Tesla N word racism trial. Lawyer calls slur a term of respect and endearment. Yeah, I don't think it's gonna happen. Okay, okay. Yeah, I saw that the lawyer for this this is horrible. I I I the case is not horrible. What happened to the people is horrible. There's like th I I think it represents thousands of workers at the California factory in Tesla. Thousands of black workers. But the lawyer who were, you know, a place they called the plantation and and so that the the lawsuit is about how they were constantly harassed. but the lawyer used of all people Kanye West to support the evidence that the n-word is a term of respect in a dear Mc because Kanye West use the whole thing. I mean, I what what are we doing? You know, one thing that one thing that's been going around is that there people are really sharing the picture of Elon Musk the the Hale Hitler salute the Hale Hitler and and I heard that he's upset that people are sharing that. He doesn't like that. I Matt (01:00:09.508) Yeah, yeah, he did that, yeah. Well, good thing he owns Twitter and could just stop people from sharing it if he decides. Mister D. Rallis (01:00:18.166) Yeah, how about you just hey hey Elana, why don't you you just like s settle this case this case, ad admit your wrongdoing and and pay some fines. How about that? Matt (01:00:26.364) Or or don't heil Hitler anymore. That's that also works. who won the week for you? Mister D. Rallis (01:00:28.244) Que no. Pe people who love big budget crappy movies produced by Nepo babies. Matt (01:00:37.3) they are big winners. my winner of the week is the N-word, which is now a term of endearment. Well look, it's now legally going to be a term of endearment after Elon Musk is not held liable for, you know, like anything. So I I I just just live with it. That's what the world we live in now. Right? do you have any predictions? Mister D. Rallis (01:00:42.191) please. Mister D. Rallis (01:00:54.379) Yeah. Mister D. Rallis (01:00:59.806) I do. I have a really dumb, nerdy prediction. The SEC 'cause you're talking a lot about Paul Atkins. I I know on the crossover show that I missed, you were talking about the SEC and p and chair chairman Mao Paul Atkins, whatever his name is. He says my prediction is the SEC allows CEOs to serve in the combined roles of CEO, chair, and lead independent director. Matt (01:01:22.912) That actually makes a lot of sense to me. Yeah, finally, I mean, finally we get a lead independent director that's worth having. And they they have all the roles. All right, mine is way worse than Damien's. Mine is the C word. Actually, not CEO. No, because the N word is now a term of endearment. Mister D. Rallis (01:01:24.51) Right? That'd be kinda cool. Mister D. Rallis (01:01:29.536) That that is the yeah, exactly. All right, what do you got? Mister D. Rallis (01:01:36.678) Mister D. Rallis (01:01:40.522) Well CEO not CEO or chair. Okay. Matt (01:01:47.472) The C-word becomes a medical adjective to describe both genitals and people you may someday want to embrace. And the F-word, and I don't mean the word fuck, I mean the F-word used to describe gay people is rebranded as a synonym for fabulous. That's wait for those court cases. Just wait for Zuck to show up in court where it says, I was bullied on your platform because people you call me the C-word and the F-word, and he's like, Mister D. Rallis (01:02:05.172) Okay, you're going off the rails here. Yeah. I Matt (01:02:17.156) No, those are just other terms of endearment. They're just loving you. Mister D. Rallis (01:02:18.89) I is this your way of admitting that you just bought a Tesla or something? Matt (01:02:22.364) I ate everything. That's Hazelnut Rawls. I am your analyst, Tom Matt Miscardi. We are free float. We did a crossover show this week with the shareholder primacy crowd. That's Mike Levin and Ann Lipton. And it was a ma if you want to know the biggest story that literally no one talked about in the investing world, i the SEC rescinding the the shareholder proposal. You should listen to that show. It was on Mister D. Rallis (01:02:33.108) Yes. Matt (01:02:48.954) business pants, it was on proxy countdown, it was on the shareholder primacy feed. We we loved it so much, we put it on all three feeds. Otherwise, come back next week when we do this again and make you feel horrible about yourself. Until then, good. Bye.