Transcript
Oh, that's easier like that one. Better. It live. From the inside of Eagan, Joneses. Tuna, casserole stained air, fryer know. It's an all new terrific Tuesday edition of business pants. Joined by analysts whole Matt mcard You know what, I don't want my air fryer. Tuna casserole. Yeah, you don't work for Eagan, Jones in the middle of Pennsylvania. Or that's true. Is there a lot of tune in there? Is that? That just a lot of anti sentiment. Oh, got it. On today's. Is life still funny. Broadcast called June 10th. 2025 business nuggets. Oh man, I know it was hard. Our show being sponsored by free-float analytics.com. The only platform measuring board power connections and performance for free. It is that the anti Eaton Jones? Yeah. If he can Jones is the And we're the anti-e Jones, does that make us the anti anti Dei? Well, we have there's something in there called the gender influence Gap. That is the most anti-english. we're probably pretty anti ISS and where mostly anti-glass Lewis glass Lewis seems like The the most reasonable of the least, reasonable. Are we even allowed to say women anymore? Is a? Is that a thing? Hey, how dare you? Ready to try to make them nothing funny. Yeah. Nothing is funny. It's difficult. There's a preface this by saying, none of these headlines are going to be funny. This is one comedy and I like, what I like. All right. That's really stupid. That one first. No, I'm not gonna do that. was actually the start with glass Lewis and I assess in our, Glass Lewis. Complained that the gum base Equity should vest after being stuck to the bottom of his chair in five years and not three. Well, i s. S said shit. It just feels like, it might be a lot of money, probably headline of the week. Warner Discovery shareholders vote, again, CEO. David zaslav, pay. I mean, I get the know they said no. It was, it was three years on a gum based Equity program is too little. Yeah, I saw what the Knicks game the other day so I don't think he gives a crap. They I love that this headline when you actually read the story because the headline feels like, wow, shareholders against David's, ASLA pay. The subheader is voted against non-binding agreement and the boards response was we take our shareholders. Seriously, we will continue to engage with them, not we won't pay him that. Well, music needs to go to the next. Round of the playoffs. So maybe he doesn't. Why is he know? There's no Knicks games anymore. Where's he going the Mets? in our, Win 52% is way too wimpy and 54% is just a step too far, headline of the week. Cement industry pledges. 53% reduction in greenhouse gas, emissions by 2050. Finally, someone hit that 53%. Why didn't they keep the Poetry of it and say pledges 53% reduction by 253 just would have been even better. Yeah, that would have been. But like even when you is that number, just because if I divide like the number of months by 53, it comes out to like an average. That's a whole number 53%. Really. That's what we came up with, by 2050. will there be cement in 2015 that won't be anything by 2550 in our Immature College Dropout, finally realizes his full professional potential headline of the week. This is the one you like, right? No Matt we've been covering we covered this story like years ago. This this idiot still hasn't learned. Here's the headline, misogyny in the metaverse. Is Mark Zuckerberg's dream world, a no-go area for women. We still had a researcher like an Adjunct professor who wrote a paper about this on our show two years ago, more than two years ago, I think. Was it really a long time ago? This guy said this. divest people, divest and our Has this weird kind of tastes almost as if it came from McDonald's. Headline of the week. McDonald's Mick. Crispy strips receive mixed reviews as analysts question impact on upcoming Snack Wrap. I just I just include this because I love these type of headlines. I just love, I mean, should analysts should they have jobs? Can they shouldn't be out like but like without them go out like they should be like cleaning streets and like a racing graffiti do we really need analysts? What I well who's gonna taste the MC crispy strips. Otherwise what do they think foods like from McDonald's? Is supposed to taste like? I mean, what are they what are they looking for? What? I just there's a lot to unpack in here. Yeah. Right. Like the analysts using mixed. Did they give the mixed reviews? It was this, like, one guy who was like, these aren't my favorite chicken strips, by the way, to reassess, my cash flow model and when it says, impact on the snack wrap, are they going are the crispy strips going in. The snack wrap is that I'm supposed to understand. I got, I mean, based on that headline. That's how I mean. What do I know? Go to McDonald's? in our, What do you mean? I can't take a 24 gallon container of hand sanitizer in my carry-on bag, headline of the week. This one's just dumb. Sorry you can't use your Costco membership card to get through. TSA tried. That is this the state of education in America really are we here already we're here. Well, I know that so I having recently traveled everywhere are signs that like you need a real ID now or passes or right? Which or a passport and I think people like show up to the airport, don't know that. You like some states haven't adopted this 10 years ago and they, they just kind of like, would you take this? Would you take this like a library card, like your Blockbuster video card? They're taking anything? Yeah. Great. But you know, I'm gonna clear my throat. I don't want to go. All right, I need to get this out of the way up on top. Because this is not funny. But it's real. All right, I gotta get out of the way in our also known as 45,555 per military personnel deployed. In La headline of the week, taser, boss Topps ranking of highest paid CEOs with 165 million dollars. Yeah, Okay? Like the military industrial complex is making money palantir, tasers CEO. They are making so much money because now we are deploying Marines in the National Guard. To quell regular old protesters people who just don't like a thing, doesn't sound funny. I actually pulled stats from our database. The Marines have been deployed obviously, but there are 76, active director veterans, tagged in our database including six, Admirals, and 13, former Marines. I don't know how many statements those active Business Leaders have made about what's going on in LA and deploying the military to stop civilians from protesting. I'm just, I didn't even know that our data was tagged with. So having served in the military. That's, that's new to me. Bro is the number of statements that we have heard. In fact, Xcel Energy. The company has three active directors, who are veterans? Do you think they'd be writing missives? All right. That's by least funny one, that's not funny at all. No, that's not even funny a little bit. So let's get less funny in our We were 91% in favor of you when you were lead, independent director, with a 24 year, tenure and connections, to most of the board. But this year with a 25 year, 10 year, You missed an important meeting where we asked Reed Hastings and Ted sarandos what we were supposed to do. so, You're fired. That's unacceptable headline of the week. Netflix shareholders vote to oust, Jay Hoag, its lead independent director, but the board made decide to keep him. Wait, I haven't, I haven't, I was saving this for one of our other shows coming up this week. That's the reason why, because he missed the reason was he missed his attendance? Oh, I thought he did not cross 75%. I thought it was because there was just sick of this. Like, no, I am not like because we talked about him in another show. Saying you got to get rid of him. He's not independent. It's too much. I really wanted it to be because we said it. Yeah. And because he'd been there for 20 years, the lead independent director. He's one of the First Investors in Netflix. He's been there forever. He's considered independent heating, but he missed a meeting. So the guy across the meeting threshold and he got voted out as a result. So this guy with this incredible amount of institutional knowledge, he was clearly not independent. I will grant He has an incredible amount of knowledge. Oh sure. There's a mad at him for me. Missing a meeting. It in which the meeting would have been? What do you think read? What should we do? Not to mention, forget read that. There's also two CEOs on the board. What a stupid? What does stupid vote? This is where we're at. This is the assessment disillusion that we make. I thought I was because of us. I keep going, come on in our Walton's reject all proposals, but maybe we can make the headline sound better headline of the week. Walmart. PayPal shareholders, reject. Dei overhauls as Corporate America continues Retreat from social issues. Just in case you were wondering. This is what they're actually talking about. The organization United for respect, called for a racial Equity audit, in a show of anti are proud. It was to talk about the effects of, you know, on your black employees of your removal of Dei yeah right because the word respect is very whoa. So that would be pro d e. I yeah that one got 6.8% of shareholder vote in mind that The Waltons. Oh the vote. It is a dual class. Family owned company. It's a private company just with a vote. The national Center for Public Policy research on the same proxy. Had a shareholder proposal for a report investigating. Why Walmart is delaying reversing all of its Dei. Oh God, yeah. That one got 0.4% of the vote. Well, good or less than 1%, well, that's smart because if they look over at Costco who's keeping its Dei and Costco's killing it, so maybe that's part of the reason, but can I read the headline again? And go Cheryl's. Reject, Dei overhauls, as Corporate America continues Retreat, from social issues, Matt, that would, which Retreat. That's exact same vote his last year in the exact same, basically. Parcel that the exact same way. There is no overhaul happening. What are we talking about? Yeah. But you would be asking the the writers of the article to actually like, do a little bit of work like me, four seconds to look at the 8K. All right. Yeah, he's next to her short. This I'm still not laughing here in our I'm telling Mom, Mom headline of the week. Trump attacks musk and questions their future ties amid growing Feud. Okay does does seem like I wanted to do a hey Ma but yeah I do a hey mod this week in our Get some headline of the week. Lessons in corporate governance from the Trump musk spot. What were the lessons did you? Like the lesson is just get some corporate governance. It's just get some. I saw I saw a great headline that said something about how the feud with between Trump and musk is going to be a real negative drain on Tesla but don't expect the Tesla board to do anything about it. Oh well, that's good. Right. It is honest so he didn't learn anything. All right, I got some here. I'm gonna let you try to get your funny up for the last section. I'm gonna give it won't happen. This is what I think this is my shortest one ever. You ready? In our men. Headline of the week men, that's it. Really Women hold 24% of CEO pipeline roles but just 8% of promotions. What's going wrong? Oh man. Oh, I see what you did there. You just answered the question. You didn't even need a headline. Yeah. And what about this? I mean, what is that are we celebrating this 24% of CEO pipeline roles? Is that a, is this like a big victory? Are we? I mean, they've almost achieved like no parody in any way. in our, Disney teases, summer, blockbuster movies, starring Zach, Efron called revenge of The College Dropout, headline of the week. Inside open ai's plan to embed chat, GPT into college students live. Oh, Now, at the same time, I'm talking about Sam Altman College Dropout, right? Yeah. Who is gonna take over, you know, college students lives and their education because he knows best the same time. Meta is a headline from this morning? Meta is forming a new AI lab helmed by scale. AI CEO Alex Wong who also dropped out of college. He lasted like less than a year maybe at MIT. So so Zach, Alex Wong, Sam Altman. Yeah, they're all College Dropout. He's got creating our future that no one's asking to know how many male College dropouts can shape the destruction of our future. We always supposed to be impressed that they got good grades in high school, because they all got into really good colleges. Matt, Stanford, MIT and Harvard. Why was the Headline for this one, just men it could have just been all well. Maybe this next one in our is this why 66% of Americans think that Society is broken according to an if so survey released this week headline of the week, just one woman has ever founded and led a Fortune 500 company. Here's her story. That's the heaven. Just one woman and I don't even know it actually could have just been men. It could have been listening to this one. I didn't even know this Fortune only one woman ever Fortune to 500 company. That was Golden West Financial Her name is Marion Sandler. She was one of the first two women CEOs on the Fortune 500 in 1997. It took that long. And here's the sad part of it is that she co-founded the company with her husband, her Sandler. Oh, I mean still I that shocked me. I mean even I know I shouldn't be shocked but one there's been one woman ever won. We know the one who CEO isn't a thing anyway. So which one do you think was this one? No, we're still at one time. 1997 was like 30 years ago. We're still stuck at one. That's right. It was listening to Pearl Jam. Records in our as long as he's not drinking Dr. Pepper. I think he'll be okay headline of the week. Keurig Dr. Pepper CEO drinks. At least 300 milligrams of caffeine per day is that safe. So this is the headline. These are the headlines about our male CEOs. Like they're drinking calf coffee. They're you know, what is it? They tasted some crispy. McDonalds. Yeah, right. Like it's just like a bunch of silliness. By the way, his name is Tim Cofer, he's the CEO Keira. Dr. Pepper. Where there is a minus 17% gender, influence Gap. Only three women on the board with a total of 11% influence. So that's what's going over there on over there? A curriculum? Dr. Pepper, Do you know I saw that headline? Yeah. And I looked up how much 300 milligrams of coffee, which is that our caffeine is, it's actually the, an eight-ounce cup, which is very, that's up. It is three. Oh, eight ounce cups. Okay, so if you have like two regular cups of coffee, that's how much it is. We're asking if it's safe. What do you mean safe? So I'm saying, like, like, I'm still stuck on, there's been one woman who's ever? Founded a Fortune, 500 company let and became the CEO. And we're talking about the Keurig. Dr. Pepper CEO, drinking, three cups of coffee. Like this is the world I live in about inside. Open AIS. Playing to embed chat, cheap ET in college. Yeah, it's lives. Is that safe. Yeah, which one's safer. Three, two cups of coffee a day or Chachi PT in our life. Finally, my last headline, all these, I'll let you finish it off. In our, you gotta stick. You gotta really pay attention to this one. I don't know if I can in our the other candidates considered were Dial T, lick and tile. L dick. Headline of the week. What's happening? BJ's Restaurant. Announces. Lyle D tick as new president CEO. That's all, it's all. I mean I see you swapping letters, I have no idea. I just like to possibility that the BJ's Restaurant, his last name could have been either lick or dick. I just like, I know I'm sorry here but what the hell is BJ's Restaurant. Anyway. Why would you name a restaurant? BJ's. I don't even know what is that. I don't know. What is BJ's Restaurant. Is that actual restaurant? I'm sure like it was Bob Jim's Restaurant at some point. That's unfortunate. 500 company. Not created by a woman. All right, let's wrap up the least funny business nuggets, maybe of all time in our It isn't about the middle school, man. Flake dictator, headline of the week. United Airlines shuts down starlink Wi-Fi, service on its planes after antennas cause problem with its Jets and Equipment. Now, did they had they already flown the planes like, when do they discover that? And they didn't test this before. That wasn't part of the testing. In fact, I know testing and then I know it, I know they had flown the planes because I was on one and used starlink on a plane on United flight. Yes, on United flight. So I I know it was active, we didn't die immediately, so but we're playing. But we're paying these CEOs 30 million dollars and then they don't they don't and they tell us to shut off our phone's, but they don't test. Whether the new wife, I service is is causing problems with the Jets equipment. They don't test that. I just want you to be clear, they only shut it off because of the problems that caused the Jets equipment. It had nothing to Do with the middle school, man. Flake running. The company. What does was there to run it? What is he actually make? That works really well. Do we have an example of that? He does dig tunnels? Well, he dug one tunnel in Las Vegas. That goes about a mile. 1.2 miles. Say the the when the tunnel was done, it was useful. I said digging of the tunnel was complete. Yeah. That tunnel was made. Yeah, that's true. That's true. So, all right in our It is all about the middle school man. Flake dictator headline of the week. See what I did there. Yeah. The first one isn't. This is yeah. United Airlines CEO. We're probably doing more AI than anyone. Yeah. I just like, I like to headline, because I like, when people like that, say probably. I like the probably I also like juxtaposing it again against, like, antennae like we're doing more AI, but we haven't figured out and antennas. If you see over major corporation and you're making like 30 million dollars and what and and you're making your your asserting something about AI compared to your peers and the industry blah blah. One of you actually just Find the time to look into whether you are doing more than anyone else. They have executive assistants Who like right? Actually. No, you probably doing more. Or are you doing more? Are you? We may be doing more. That's basically like saying I thought nothing about this but I'm going to say it anyway. Well I guess it's a step. It's a step up from the creator of starlink satellite who says things like you know we're gonna have people on Neptune tomorrow. So investment definitely are going to do that. Definitely gonna be able to sell your shares. in our, Texas Attorney General announces, BlackRock is no longer woke but will remain on the suspiciously Jewish list of the week. BlackRock, escapes, Texas oil boycott list after ESG Retreat. Yeah, Black Rock. I mean, can't just say happy to Texas what you need. I looked at the math of that. It, I, I think according to my calculations, it was like, less than point, one percent of their total assets under management. Just you really, you have to, you have to bow down to Texas. What do you mean? Come on one never one. Never knows when that might go up to 0.2%. True, don't know. In our, Texas's attorney general announces, they are replacing BlackRock with Texas on Texas's investment ban list going forward. Headline of the week, I think I know you're going with this one. Texas finalizes, 1.8 billion dollars to build solar battery and gas-powered microgrid is confusing right at Texas is just super confusing. I thought the oil boycott list was because you didn't use exclusively oil all the time, but Texas now has to ban itself. I'm pretty sure by its own rules, and aren't they? The leaders and getting like in building and getting money from that Biden act like, aren't they? Like the they got the most money, they build. They have their as a as a as like a megawatt hour, you know, they are one of the they're the largest producer in the country of solar energy. Unbelievable. I mean like I think that's himself. I applaud that. But the amount of bullshit is just staggering. It's staggering. On Larry Fink. Did you happen to mention two Texas that they have to ban themselves at any point that made it should have come up? I was something like marginally funny. All right. I'll end with this one because it's pure ridiculous. In Our headline of the week. None reasons, none zero, reasons 0. Okay? Why? 26, might make you want to make phone calls again. Wait, what? Hey announced the new iOS and it's great. Tim Cook and Arthur Levinson the longtime lead independent director. Announced the greatest innovation in Apple's history. It's called call holding. Wait, are you serious? Yeah, this is the big iOS announcement was that like other than the fact that they changed it to make the graphics look glassy or like a little more, see through. Oh God, yeah, I was waiting I was a real problem for everybody. They they copied something from Google which was the ability to when you're on like on a wait like on like calling Comcast for something yeah you just click a button and it says turn on when the holding music stops and then and then you seriously I'm dead. They did that. And they also did something where you click a button. When someone's calling you you click like Can you answer the phone and find out who it is? So I can decide whether I want to pick it up. Well, which if you click that button, isn't it obvious? You don't want to pick it up, right? Like Like if I click the button, if like my mom's calling me from like a payphone. Yeah. And I click the button and it says, it's your mom pick up, and I don't pick up. I just told her that, I'm screening her out. Is this is this Apple's version of Mick. Crispy strips like this stupid. We did describe once Tim Cook that he is the type of seat. You, he's like a cruise ship captain, right? He's just, he took over a great company and his only job was just don't crash into a nice burger. Just keep it. They keep it afloat. Keep moving really well at making big announcements in which 0 things happen. Basically, the announcement is like, please keep buying the iPhone honestly. Tim Cook's greatest Innovation before going to argue his greatest Innovation. It hasn't been a single product. He hasn't come up with a product. Every product they've launched except for the Vision Pro, which is a massive flop. That was his idea. Every other product was already in the pipeline when Steve Jobs died, meaning Tim Cook is invented, nothing successful for Apple, except privacy, they do privacy. Better than all the other fools for the most part. That's pretty much it. Congrats to Tim, that's it. There was nothing funny about this week. I think there was no funny jokes, not even tile. L dick. That might have been a little funny, but not that funny. That says, not wrong with Scotty. We are free float. We'll be back again on Thursday. I think we have a proxy countdown. Do we go right into that Netflix story? It's these are such, they're heavy lifts. Honestly, if you want to get so much information about how to vote on proxies, there is no better Source. I don't you can't go anywhere else and get the amount of stuff that we were. We cover on those shows. We also have our Friday wrap up, but until then, goodbye.