FRIDAY WRAP: transcript 11/4

LIVE from room 1104 at the ESG Sheep Farm, it’s Jessie Scanlon’s first official day off from the Friday Show edition of Business Pants Friday, featuring Ari the data queen and old man Moody Moscardi. I’m ESD On today’s show: even more Musk, Ye, and Fink

Story of the Week (DR):

1. Jeff Bezos interested in bidding on Commanders, possibly with Jay-Z
2. Is this the antidote to Musk/Ye?
3. Byron Allen Set to Bid on NFL's Washington Commanders
4. Jeff Bezos Denies Ex-Housekeeper’s Allegations Of Racial Bias And Unsafe Working Conditions
5. Twitter Sued for Mass Layoffs by Musk Without Enough Notice AB MM
6. Elon Musk's Twitter has identified thousands of employees who will be laid off, representing about 50% of the company's workforce
7. Companies are suspending ads on Twitter after Elon Musk's takeoverGeneral Mills
8. General Mills
9. Audi
10. Pfizer
11. General Motors
12. Volkswagen
13. Mondelez International?
14. Apple is now valued more than Alphabet, Amazon and Meta combined, after its market cap hit $2.037 trillion
15. Everybody thinks Apple's Tim Cook's boring (but he's kicking everybody's ass)
16. Facebook parent company Meta is now the worst performer in the S&P 500 this year
17. Meta is at the bottom of the S&P, trailing Align Technology, Generac Holdings, SVB Financial Group and Match Group.
18. Meta shares are down roughly 73% over the past year
19. Constant panic like…
20. A major hedge fund just warned that hyperinflation could lead to ‘global societal collapse’
21. Climate change: Major glaciers worldwide to disappear by 2050
22. ESG: BlackRock to Begin Extending Voting Choice to Individual Investors
23. “My hope is that in the future, every investor — ultimately including individual investors — has access to voting choice, if they want it,” Fink said. “This revolution in shareholder democracy will take years to be fully realized, but it is one that, if executed correctly, can strengthen the very foundations of capitalism.”
24. Vanguard and Charles Schwab Corp. have also made moves to give their clients a greater say on matters at companies they ultimately invest in. Each has announced its own pilot program on voting power over the last month.

Goodliest of the Week (AB):

1. Ye can't sell 'White Lives Matter' shirts — 2 Black radio hosts own the trademark
2. Kanye West had a “secret” fashion event during the Paris Fashion Week in late September where models wore T-shirts that said “White Lives Matter”. He had planned to sell the shirts but then ended up dropping off boxes of the t-shirts at a homeless encampment in LA.. BECAUSE someone very smart acquired the trademark back in 2020 to prevent this exact scenario. This anonymous person had just gifted the trademark to two radio hosts who now stand in the way of Ye and his dumb anctics.?
3. Big food companies commit to 'regenerative agriculture' DR AB
4. A consortium of 12 food companies, including Mars, PepsiCo and McDonald's, announced a plan to scale up the amount of regenerative farmland. The plan was released ahead of COP27.
5. Last year we reported Pepsi committing to converting its entire 7 million acre agricultural footprint to regenerative practices by 2030. At the end of last year it had achieved 5% of its goal, the numbers for this year have not come out yet but Pepsi has been putting out feelers that they were able to achieve a “big step up” from before.
6. This group of 12 have tremendous control over the food systems and globally, only 15% of farmland is cared for using regenerative practices. If we want to survive, that percentage needs to be 40% by 2030.?
7. PAY CHAIR PAY RATIO - 1,900 companies, 5 years MM
8. MICHAEL DOLAN - MATTEL
9. 48% reduction.?
10. COLGATE

Assholiest of the Week (MM):

1. Tesla’s board DR MM
2. These are the people who are allowing a CEO to have 5 jobs (in America, not Africa):
3. Robyn Denholm
4. Ira Ehrenpreis
5. Hiro Mizuno
6. James Murdoch
7. Kimbal Musk
8. Kathleen Wilson-Thompson
9. Joe Gebbia
10. One share one vote company
11. Musk owns 68% of the influence, but NOT THE VOTE
12. Meanwhile…
13. Tesla continues recalls
14. Hyperloop closes in CA to become a parking lot
15. Monkeys are allegedly abused at Neurolink
16. Telsa engineers are being used at Twitter
17. SpaceX has ongoing sexual discrimination problems
18. Tesla is fighting unions and racial discrimination
19. Where the fuck are you people?
20. Jack Dorsey AB
21. This Musk Twitter thing was your fucking idea
22. Blaming someone else:
23. Musk: Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists.
24. Yes, it’s “activists”.? It’s not “No one wants Elon”, it’s anti-free speech activists.? Yes, correct.? Because it’s not POSSIBLE that you’re culpable in tweeting a gay conspiracy theory about Nancy Pelosi’s husband that turned advertisers off to the idea the CEO and sole owner of the platform they advertise on is happy to discriminate against a huge buyer constituency.? No, it’s the “activists” fault.
25. Daylight Savings

Exhausting-ist of the Week (JS):

Who Won the Week?

1. DR: WFT fans
2. AB: Swedish cars
3. MM: Getting fired
4. JS:?

Predictions

1. DR: Elon Musk accidentally lays off himself
2. AB:?
3. MM: Tesla gets an activist investor
4. JS:?