Bernie means business, names are important & Corporate Theater takes on VDAY!
Free Float LLC
Creators of Free Float Analytics (TM). Authors of Business Pants. Guerrila #ESG. No phonies.
FRIDAY WRAP | 02.10.23
Story of the Week: Ukraine war: Elon Musk bars Kyiv from using Starlink technology for drone control
Goodliest of the Week: In a new role, Bernie Sanders demands answers from interim Starbucks CEO
Assholiest of the Week: Spending money on losers…Marc Andreessen spent $350 million on this: Adam Neumann talked about Flow for a full hour, and we still don’t know what it is
Exhaustingest of the Week: Child labor: Hyundai in talks with U.S. Labor Department over Alabama child labor
BOARD SABERMETRICS PREDICTS…
There is a “cheap tat recession” while the recycling economy booms.
Consumers more or less shrugged at Amazon Prime Day, The Sequel (“Subprime Day”) last October 19 , which attempted to front-run the holiday shopping season. It didn’t work as well as everyone thought as consumers favored paying for food and experiences – you know, NOT the metaversian dystopia – over expensive electronics and objects du jour that bring decidedly less lasting joy. Which brings us to the pocket of the economy that did boom as recession fears set in: secondhand.
Turns out new shit is overrated, particularly when it’s not durable and made to be bricked two years from now. Boohoo sales dropped, Asos sales dropped, and retailers are moving to charge fees for returns to compensate. It’s almost as if the establishment fast-fashion and consumer discretionary companies couldn’t see this coming?
Probably because, much like their brethren in the Financials and Health Care sectors, they’re mostly old. Poshmark, theRealReal, and ThredUp, the three largest publicly traded resale orgs have an influence-weighted average age of 53. If fast retail was the GenX and Millennial, the Luddite Club is a reminder that GenY might actually value less crap and more doing things.
领英推荐
?? NERD ALERT ??
Your name is a liability.
Matt reviews a paper that succinctly summarizes and adds dozens of citations to the ways labor participants are discriminated against. Academics have proven that you can be discriminated against in the labor market for your: age, race, ethnicity, national origin, religion, sexual orientation, physical appearance and now… how hard it is to say your name.
The researchers created a name fluency rating, which measures how easy it is for a native English speaker to say your name. Then, they looked at outcomes of 1,500 PhD job candidates seeking academic jobs between 2016-2018 and found those with hard-to-pronounce names, despite having similar backgrounds, are less likely to obtain an academic or tenure-track position and are placed at institutions with lower research productivity.
MEANWHILE, ON STAGE…
…Free Float Media’s corporate theater actors serenade us with an original song inspired by one of America’s favorite insipid holidays- VALENTINE’S DAY.
CAN’T GET ENOUGH ESG?
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