CASEY'S GENERAL STORES, INC. At last year’s annual meeting in August, shareholders were asked YES or NO on CEO Darren Robelez’s pay plan. To help them make a decision on the pay practices they had information like the ratio of the annual total compensation of Casey’s General Stores CEO to that of its median employee for the 2024 fiscal year, commonly known as the CEO Pay Ratio. Let’s begin the quiz there: According to the company’s SEC filing, at what point in the fiscal year 2024 did CEO Darren earn the compensation of his company’s median employee? 12:35:33 PM on January 1st, the first day of the work year, meaning his pay CEO pay ratio was 579:1 Additionally, the CEO’s target equity award was $6.7M. In the worst case scenario where every single peer company outperformed Casey’s General Stores in terms of total shareholder return, how much equity could the CEO receive? $5,025,000, reflecting a TSR Modifier of -25%. Accordingly, based in part on the information you have just learned, what percentage of Casey’s shareholders voted against his pay practices? 2% Bonus question: According to the company’s 2025 SEC filing, at what point in the fiscal year 2025 did CEO Darren earn the compensation of his company’s median employee? Remember, it was 12:35:33 PM on January 1st, the first day of the work year. 12:32:05 PM on January 1st, the first day of the work year: 3 minutes and 28 seconds earlier. AGM: 9/3/2025 589:1 CEO pay ratio CEO Darren Robelez 98% YES Pay committee: *Former BJ’s Restaurants CEO Gregory Trojan, Oobli CEO Allison Wing 2024 AGM 99.1% YES average 33% Influence CEO/Chair: 20% YES SHP independent board chair policy -13% gender influence gap: Darren M. Rebelez (33%) & Gregory A. Trojan (14%) CROWDSTRIKE HOLDINGS, INC. A recent Fortune article called Laying off workers because of AI is more of a fashionable excuse than a real business imperative cites CrowdStrike CEO George Kurtz linking 5% job cuts to the cybersecurity company’s need to double down on AI investments to “accelerate execution and efficiency.” Kurtz said: “AI flattens our hiring curve, and helps us innovate from idea to product faster.” First question, are CrowdStrike shareholders also given the privilege to “accelerate execution and efficiency”? How many total years does it take for a CrowdStrike investor to vote on all nine board members? 3 years, classified board. This is important because clearly shareholders were not completely pleased this year: 34% said NO Pay Committee Chair Cary Davis while 38% said NO to Nomination Committee chair Laura Schumacher 2% NO CEO Kurtz Considering the board influence of Founder/CEO/Director and third largest shareholder George Kurtz, investors would typically be best served with a board provides an effective counterbalance to his control. Of the board’s eight independent directors, what percentage has served for at least a decade alongside Kurtz? Four directors, or half. Again, to counteract his control, investors should expect regular board refreshment. How many new directors have joined the board in the last 5 years? One, Johanna Flower, the only director who sits on zero board committees. She joined the board in January 2023 Kurtz already owns $2.7B of Crowdstrike shares. What percentage of his annual pay consists of equity? 90%, with a target equity award of $35M. Finally, CrowdStrike’s infamous 2024 software update is commonly described as what? The largest outage in the history of information technology. In 2024, CrowdStrike released a software update that disrupted millions of Microsoft Windows systems around the world A faulty update to its Falcon sensor platform led to the "Blue Screen of Death" on millions of machines, bringing critical operations to a standstill across numerous sectors. The immediate and most visible impact was the widespread and severe disruption to the global economy. The financial toll is estimated to be in the billions of dollars. Key sectors affected include: Aviation: Major airlines like Delta, United, and American Airlines grounded thousands of flights, disrupting travel for millions and costing airlines hundreds of millions of dollars. Healthcare: Access to electronic health records was hindered, leading to the cancellation of surgeries and appointments. This disruption posed a direct risk to patient care and safety. Financial Services: Banks and financial institutions faced outages that affected everything from ATM services to online banking and stock trading. This not only resulted in financial losses but also eroded consumer confidence. Government and Emergency Services: The outage impacted various government agencies and even emergency services in some areas, highlighting a significant threat to public safety and national security. For Mr. Kurtz, the amount for fiscal 2025 also includes approximately (i) $104,279 for costs related to personal security for Mr. Kurtz and his family at his residences and (ii) $898,426 for costs related to personal usage of private aircraft. As part of our sales and marketing activities, we sponsor a CrowdStrike-branded professional racing car, which Mr. Kurtz drives in some races at no incremental cost to us and in lieu of us hiring a professional driver. As we do not pay any amounts to Mr. Kurtz under these arrangements, it is not reflected in the above table. No vote on pay TARGET CORPORATION Target foot traffic is still suffering 6 months post-boycott. An industry veteran says the retailer’s problems are bigger than curtailing DEI Target Boycott Leader Jamal Bryant Is Arriving on CEOs’ Radar Screens Inside Target, Frustrated Employees and Search for New CEO This article from the WSJ says: Many Target shoppers are frustrated with the retailer. Many Target employees are too. In early June, a companywide survey showed that roughly half of Target’s employees didn’t think the company was making the changes necessary to compete effectively. About 40% of the roughly 260,000 staffers who replied said they didn’t have confidence in the company’s future. The scores—which declined from a year ago—were even lower for those staffers at Target’s headquarters in Minneapolis. The worker sentiment data reflects the challenges ahead for the company as it prepares to navigate a leadership change and turn around 10 quarters of flat or falling sales in an increasingly complex consumer environment. Based on what I just told you, TRUE or FALSE on this next headline from Fortune? Is this real or am I making it up? Target’s CEO succession tilts toward an insider and company lifer True. The leading contender appears to be: Michael Fiddelke is executive vice president and chief operating officer for Target and a member of its leadership team. Since joining Target in 2003 as an intern, Michael has held a variety of leadership positions across the organization, including finance, merchandising, human resources and operations. He most recently served as Target’s chief financial officer. In addition to his Target responsibilities, Michael serves on the board of Shipt, Target’s wholly-owned subsidiary. Compensation & Human Capital Management Committee: “Management development and succession planning. Senior management development, evaluation, and succession planning, including CEO succession planning.” Ms. Lozano (Chair)Mr. BakerMr. BarrettMr. KnaussMs. Leahy CORECIVIC, INC. -17% gender influence gap: Robert J. Dennis 17%: retiring CEO Damon T. Hininger 17% (2009-) On February 15, 2024, in recognition of the substantial contributions made by our Chief Executive Officer, Mr. Hininger, to the Company, and to encourage retention of Mr. Hininger for a multi-year period, our Compensation Committee, determined to provide a Special One-Time Award to Mr. Hininger. This award consisted of 70,225 performance-based RSUs at a fair market value of $14.24 per share, the approximate equivalent of $1,000,000 at the time of award. The Compensation Committee believes this Special One-Time Award is designed to incentivize Mr. Hininger’s performance and retain him for a multi-year period. On August 18, 2025, CoreCivic, Inc., a Maryland corporation (the “Company”) announced that Damon T. Hininger, the Company’s Chief Executive Officer (“CEO”), will step down as CEO and resign from his position on the Company’s Board of Directors (the “Board”), effective as of January 1, 2026 (the “Transition Date”). Patrick Swindle, who currently serves as the Company’s President and Chief Operating Officer, will assume the role of CEO of the Company, effective as of the Transition Date, and will continue serving as the President of the Company. Additionally, the Board will appoint Mr. Swindle to the Board to fill the vacancy created by Mr. Hininger’s resignation as of the Transition Date. Chair Mark A. Emkes 17% (2014-) John R. Prann 13% (2000-) Thurgood Marshall 12% (2002-) Devin I Murphy 9% 2025 AGM: 99% YES director average; 97% YES PAY Short-term pay: if NONE of four strategic goals achieved CEO still receives 80% of bonus Long-term: If Lowest quartile TSR results is only 20% reduction of long-term awards: “If the Company’s absolute TSR for the performance period is less than zero, the rTSR modifier shall not exceed 1.0x for the performance period” WHO DO YOU BLAME FOR PAYING A MULTI YEAR “RETENTION BONUS” WHO QUITS AFTER ONE YEAR? Pay committee included Dennis*, Emkes (17%, 11 yrs), Prann (13%, 25 yrs) Donald Trump - after donating to Trump, his immigration orders have swelled the amount of work Hininger has to do and he burnt out with excitement The zero female board leadership - there was no mom to say it was a bad idea The amount of the award - $1m in 2025?? The stock is up 45% thanks to our prison state, and even with the massive stock bump, the award is still worth less than $2m… it’s an insult, not an award The prisoners who keep claiming the prisons are dangerous - there have been more than 120 reports and exposes in the last 10 years alone that found Corecivic were complicit in family separations, deaths, cancelled contracts due to conditions in the prisons, and other human rights violations O'Reilly Automotive, Inc. Vote discount for wearing the uniform: First appearance in the proxy of the uniform shirts were actually ORANGE shirts in 2021, blue shirt introduced in 2024 proxy Since 2021, directors who wear the uniform average 92.9% votes for, while directors not wearing shirts average 96.8% for WHO DO WE BLAME FOR THE UNIFORM DISCOUNT? Old timers - average start year for a uniform wearer is 1998, and for a non-exec 2006. Average start year for a non-uniform wearer is 2021. The color orange - the orange shirt wearers average 90.4% votes for, while blue got 92.6% for Having a third of the board be executives - O’Reilly is a single class stock where the O’Reilly family owns less than 5% (all execs own less than 3% collectively), and yet somehow investors think there should be no less than 3 executive directors at any time - who are entirely responsible for wearing uniforms in proxy photos The shirts themselves - we have TWO case studies of directors who switched from no shirt to shirt - Maria Sastre (2023 to 2024 forward) and Andrea Weiss (2023 to 2024 before she quit, probably in protest of being forced to wear a shirt). In BOTH cases, votes for dropped by an average of 2% Lead “Independent” Director Tom Hendrickson who has been on the board for 15 years, was CFO at a number of sports retail store companies, and lists “technology” as one his core skills (because all 70 year old retired CPAs advising auto parts companies for $347,836 in summary comp have tech experience) Bonus prediction: In 2025, ALL DIRECTORS have been forced to wear the shirt, but now they have a variety of O’Reilly shirts - which director will get the lowest votes now? Blue shirt Pink shirt Plaid shirt Green shirt Cream shirt PALANTIR TECHNOLOGIES INC. Palantir CEO Alex Karp takes a shot at elite colleges and says the company offers 'a new credential independent of class' Palantir CEO says working at his $430 billion software company is better than a degree from Harvard or Yale: ‘No one cares about the other stuff’ WHICH ELITE IS TO BLAME FOR KARP’S HATE FOR ELITES: Board member and VC bro Alex Moore, who got his BA in Econ from Stanford Board member and journalist Alexandra Schiff who get her BA in English from Duke Board member and co founder Stephen Cohen who got his BS in CompSci from Stanford Board member, troll, and insecure VC Peter Thiel who got his BA in Philosophy from Stanford and a JD from Stanford Law Board member and consultant Lauren Stat who got a dual degree in Science and Math from Stanford Board member and VC bro Eric Woersching who got a BS and Masters in Electrical Engineering from Stanford Stanford VISA INC. Mark Cuban calls for higher tax on companies buying back their own shares Visa bought back $13.4bn from Oct 2024 to June 2025 $4.0bn from Oct to Dec (Sep 30 close: 274.95) $4.8bn from Jan to March (Dec 31 close: 316.04) $4.6bn from April to June (March 31 close: 350.46) June 30 close: 355.05 WHO’S TO BLAME: As of Dec proxy, CEO Ryan McInerney owns 822,155 shares worth $259,833,866 - if buyback boost the investor return, and McInerney made a cool $28m in part by boosting the stock. Board Chair John Lundgren, been on the board 7 years and took over as chair after Executive Chair Al Kelly stepped down (but Kelly left with 589,890 shares) Francisco Fernandez-Carbajal, the director with the most shares at 31,599 who’s been on the board for 17 years and is on the Comp and Finance committees

Story of the Week (DR): Is MAGA going Marxist and Maoist? Trump’s assault on free-market capitalism MM Trump’s risky role as the would-be CEO of America Trump blasts Goldman over tariff forecasts, tells David Solomon to 'focus on being a DJ' Trump Calls on Goldman to Replace Economist Over Tariff Stance Intel stock climbs 7% on report Trump administration is considering stake in chipmaker Trump says Intel CEO has an 'amazing story' days after calling for his resignation ‘We negotiated a little deal’: Trump says Nvidia and AMD will kick back 15% of China chip sales in potentially unconstitutional arrangement How CEOs deal with Trump: Praise, face time, remorse, and gifts made of gold all go a long way, experience shows Trump is tightening the screws on corporate America — and CEOs are staying mum Trump’s Beef with Bank of America’s Corporate Governance Goes Beyond His Personal Accounts Walmart's 10% employee discount now includes most groceries amid tariff pressures Walmart, once ordered to ‘eat the tariffs,’ is giving employees a year-round 10% discount to help them eat Trump Crypto Firm Announces $1.5 Billion Digital Coin Deal A publicly traded tech firm, ALT5 Sigma, plans to sell $1.5 billion of shares to fund the purchase of a cryptocurrency created by World Liberty Financial, which the As part of the deal, World Liberty will receive shares in ALT5, according to securities filings, in return for $750 million worth of $WLFI coins. Eric Trump, the president’s middle son, will join ALT5’s board, and Zach Witkoff, a World Liberty founder and the son of President Trump’s Middle East adviser, will serve as chairman of the board. 4execs/4directors: dudes The BroIPO market is bubbling again StubHub IPO is back on for September after ticketing company delayed plans on tariff concerns StubHub 5/1;7/1: CEO/Chair Eric Baker controls 90% of voting power because of his magical 100x Class B shares Bullish Stock Roars in Latest Crypto IPO, Tripling Offering Price Bullish: 2/0;6/1: 2 cryptobro founder/directors control 53% 61 IPO-related filings since August 1: 11% Female executives: 44 have zero; 13 have one 12% female directors: 30 have zero; 24 have one Half have more than one stock class The average major shareholder controls 47% voting power The “winner”: Classover Holdings: educational technology, specializing in live online courses for K-12 students worldwide. 2 execs/5 directors: all women Stephanie Luo controls 91% of voting power thanks to her magical 25:1 Class B shares Debuted at 11.26, down to 1.27 Example numbers 18,000,027 and 18,000,028 why we need more women in leadership: Major companies reframing, not abandoning, DEI: report While firms scaled back DEI language and commitments, 79% percent of S&P 500 firms disclosed board committee oversight of DEI, up from 72%, according to the report. For Russell 3000 companies, this figure jumped from 48.4% to 86.8%. Rather than simply abandoning DEI, this suggests that companies are being more cautious about external messaging while integrating DEI into governance to make it more legally defensible, according to the report. ‘Godfather of AI’ says tech companies should imbue AI models with ‘maternal instincts’ to counter the technology’s goal to ‘get more control’ Nobel laureate Geoffery Hinton: AI “will very quickly develop two subgoals, if they’re smart: One is to stay alive…[and] the other subgoal is to get more control.” To prevent these outcomes, Hinton said developers should make AI more sympathetic toward people to decrease its desire to overpower them. According to Hinton, the best way to do this is to imbue AI with the qualities of traditional femininity. Under his framework, just as a mother cares for her baby at all costs, AI with these maternal qualities will similarly want to protect or care for human users, not control them. ESG Data Hell Trump’s BLS appointee suggests suspending jobs report entirely until methods of data collection are ‘corrected’ Trump Bureau of Labor Statistics nominee was a 'bystander' outside Capitol on Jan. 6, White House says DOJ fires sandwich thrower after he’s charged with assaulting officer in Washington, DC The man facing a federal assault charge for throwing a Subway sandwich at a federal officer in Washington, D.C., was an employee at the Department of Justice, Attorney General Pam Bondi said: “This is an example of the Deep State we have been up against for seven months as we work to refocus DOJ …“You will NOT work in this administration while disrespecting our government and law enforcement.” E.J. Antoni, an economist from the Heritage Foundation I guess he’s not proud of Northern Illinois because his bio says: “Antoni holds master’s and doctoral degrees in Economics.” Speaking of undereducation: Think tank president urges Gen Z to consider trades over college in tough job market Terry Schilling, president of the American Principles Project APP is a member of the advisory board of Project 2025,[28] a collection of conservative and right-wing policy proposals from the Heritage Foundation to reshape the United States federal government and consolidate executive power Here’s one of his tweets: In 2021, I pulled my [7] kids out of public schools because of the woke garbage being taught in their classrooms. Today, my whole family is going to see President Trump put an end to the Department of Education.” Energy Secretary Says Past Climate Reports Will Be ‘Updated.’ Why Researchers Are Alarmed. The Trump administration plans to release “updated” versions of government climate reports from the past, Secretary of Energy Chris Wright said he wants the reports toned down. Wright said he disagrees with the conclusions in past National Climate Assessments, a benchmark review of climate change that the government puts out about every four years. The assessments are compiled by hundreds of scientists and researchers both within and outside government; the latest one was 1,834 pages. The Trump administration has pulled past reports down from the government website where they were previously hosted. Before his appointment, he was the CEO of Liberty Energy, North America's second largest hydraulic fracturing company. Also was on the board of EMX Royalty Corp., a Canadian royalty payment company for mineral rights and mining rights. In January 2023, he said, "There is no climate crisis and we're not in the midst of an energy transition either" He has degrees in mechanical engineering (the study of physical machines and mechanisms that may involve force and movement) and electrical engineering (an engineering discipline concerned with the study, design, and application of equipment, devices, and systems that use electricity, electronics, and electromagnetism) In 2019 Wright drank fracking fluid to demonstrate that it was not dangerous Goodliest of the Week (MM/DR): DR: Mark Cuban says companies should be taxed more for buying back their own shares DR: Danske Bank Cuts Fossil-Fuel Exposure From Its Investments Danske Bank A/S is removing over 1,700 fossil fuel-related companies from its investment universe, citing their failure to prepare for climate change. MM: Elon Musk's America Party is nowhere to be seen 1 month later MM: Netflix (NFLX) Secures Broadcasting Rights for FIFA Women’s World Cup MM Assholiest of the Week (MM): Takers MM Musk says he’s suing Apple for not featuring X and Grok in ‘Must Have’ section of app store Trump Has Made Himself Commander in Chief of the Chip Industry Is Trump’s Plan to Take 15% of AI Chip Sales to China Legal? Trump Calls on Goldman to Replace Economist Over Tariff Stance US national debt hits record $37 trillion U.S. Steel Plant Where Two Died Will Continue Operating, CEO Says In the last 3 days, US insiders sold $463m worth of stock, including… Herald Chen, 3% influence director at AppLovin - was CFO of company until December 2023, still on board, sold $182m worth of stock In our database as an overall .477 hitter - slightly below average earnings, but high TSR The stakeholder value returned by Chen: they sell ads in apps 46% of firm assets are goodwill and intangibles - stakeholder value so ephemeral it’s intangible Pretending to give back Walmart, once ordered to ‘eat the tariffs,’ is giving employees a year-round 10% discount to help them eat No tax on tips? Bad news for restaurant workers: Tipping in America is on the decline Sam Altman says Gen Z are the ‘luckiest’ kids in history thanks to AI, despite mounting job displacement dread Layoffs 2025: Companies have announced over 800,000 jobs cuts so far. There are 3 big reasons why More employers are giving workers money to buy their own health insurance Larry Ellison Wants to Do Good, Do Research and Make a Profit Dual class dictator with biggest individual investments in Tesla, Theranos, and X Anxiety about the economy is forcing two-thirds of U.S. employers to yank budgets for raises And distracting you so you won’t notice Wendy's says it realized it had 'too many' promotions this summer, confusing customers White House Will ‘Definitely’ Host a U.F.C. Fight on July 4, U.F.C. Head Says Dana White, on the Meta board of directors The U.S. military is looking to buy Tesla Cybertrucks to use as missile targets TikTok claims there’s a hack to get bigger portions at Chipotle: Put men’s names on your orders Headliniest of the Week DR: Hand soap recalled due to potentially life-threatening bacteria DR: Don’t drink this recalled instant coffee from Dollar General. It might contain something dangerous MM: Werner recalls more than 100,000 ladders over potential fall hazard MM: Public company CEO resigns amid another leadership shake up Who Won the Week? DR: the anti-fascist Subway sandwich MM: Delaware. Elon Musk called on corporations to leave Delaware. Delaware says it's doing just fine. Predictions DR: Subway rebrands with a “we know our sandwiches are gross so throw them at your least favorite fascists” campaign, featuring: Hitler, Stalin, Trump, and Zuck MM: Paramount, now bought by nepo baby Daniel Ellison, goes full Trad Man and rebrands itself as “Man Media” - UFC rights, UFC on White House lawn, Yellowstone and its spinoffs, South Park manboy comedy. As part of it, they launch a streaming service for men by men called “Cable”

E Chemical pollution a threat comparable to climate change, scientists warn Two companies are arguably the largest PFAs and chemical manufacturers of human pollutants, and both are publicly traded with boards you can vote out: 3M and Chemours Texas prepares for war as invasion of flesh-eating flies appears imminent Sid Miller, the Texas Ag Commissioner who once called Hillary Clinton a “cunt” on social media, will protect you from flesh eating flies. Heatwaves will bring temperatures of 50C to Paris by 2050, weather experts warn Plastic waste leakage in Asia could rise 70% by 2050: OECD Washington State Braces for ‘Inevitable’ Megafire. Climate Change May Bring It Sooner Great Barrier Reef records largest annual coral loss in 39 years Climate change may be lengthening tick and mosquito seasons France battles largest wildfire in 75 years amid climate change concerns S Amazon CEO Andy Jassy is right: Big businesses need fewer people So if you need fewer people, what will CEOs manage? Do we also need fewer loud mouth CEOs? Populist math: if every major business in the US cut 20% of staff, but CEOs were paid the same exact amount, the CEO pay ratio would go from 264:1 on average to 330:1 on average. The total major employer employees would go from 30,085,694 to 24,068,555. Elon Musk has announced that we need to have more births in order to generate growth, and Andy Jassy has announced that less people should have jobs. Maybe the two of them can start a band called “Bet You Wish You Were Rich” Starbucks is asking customers in South Korea to stop bringing monitors, printers, and desk dividers into their stores Match Group’s rape problem: A lawsuit alleges that inaction by Tinder and Hinge’s owner allowed abusers to stay on the apps There's a new 'Tea' app going viral. This time, it's for men to post anonymously about women The oppression of men continues, at least we can vent about it Wendy's says it realized it had 'too many' promotions this summer, confusing customers G U.S. Government to Take Cut of Nvidia and AMD A.I. Chip Sales to China in potentially unconstitutional arrangement MM: Trump said they, “negotiated a little deal. So he’s selling an essentially old chip.” The “little deal” is an extortion payment, and the “he” is Jensen Huang. That’s FOUNDER Jensen Huang, NOT shareholders or the board. The board is busy at happy hour - there are FIVE 1990s/00s tech and VC bros - all bros - Rob Burgess, Tench Coxe, Harvey Jones, Brooke Seawell, Mark Stevens - most of whom have been with Jensen Huang for 30 years. Who cares about central planning US socialism when your with your bros? PS: You think Huang regrets flip flopping and kissing Trump’s ass now?: From 2018: US chipmaker Nvidia's founder and Chief Executive Jensen Huang said curbing China's technological development could not be achieved by adopting heavy tariffs. From May: “Obviously, I don’t know all of his ideas, but let me tell you about two that are incredible,” answered Huang. "The first one is utterly visionary. The idea of tariffs being a pillar of a bold vision to re-industrialize to onshore manufacturing and motivate the world to invest in the United States is just an incredible vision.” Congrats on your extortion payments! Tim Cook fawns over Trump with 24-karat gold gift during $600 billion Apple pledge By 2050? One Oregon company paid its CEO 1,300 times what workers make A Sam Altman says he's 'uneasy' about people trusting their biggest life decisions to ChatGPT AI is creating new billionaires at a record pace Instagram Map lets your friends, and possibly exes, track your every move

Story of the Week (DR): Trump Demands Intel CEO’s Resignation, Says He’s ‘Highly CONFLICTED’ AND Eric and Donald Trump Jr. to Own Millions of Shares in New U.S. Manufacturing SPAC MM ESG Analyst Tom Cotton: Trump's attack, posted on Truth Social Thursday, came two days after GOP Sen. Tom Cotton flagged Tan's prior investments in Chinese companies and his previous leadership at Cadence Design Systems, which recently pleaded guilty to unlawfully selling its tech to a blacklisted military university in China. Intel CEO Lip-Bu Tan (~$70M golden hello in March; max potential $400M) directly addressed employees on Thursday after Donald Trump demanded his resignation over national security concerns, saying he has the full support of the board. Tan set up a venture firm called Walden International based in San Francisco that pumped more than $5 billion into over 600 companies. More than 100 of those investments were made in China, including deals with once-obscure startups such as Semiconductor Manufacturing International Corp.—today China’s largest chipmaker—where he served on the board for a decade and a half. Today, the executive is still chairman of Walden International. And he’s the founding managing partner at Walden Catalyst Ventures, which focuses on investments in the U.S., Europe and Israel. He also serves in that role at another venture fund, Celesta Global Capital. Tan stepped out of the venture world and joined the chip industry full-time when he became interim head of San Jose, California-based Cadence Design Systems Inc. in 2008. The executive, who had previously served on the board, went on to take the permanent CEO job the next year. He stayed in the role until 2021, when he transitioned to executive chairman, and is widely credited with restoring the company’s fortunes. In late July of this year, the Department of Justice announced a plea deal that cost Cadence more than $100 million in fines. Employees at Cadence’s China unit allegedly hid the name of a customer—the National University of Defense Technology—from internal compliance in order to keep supplying it. That organization had been put on the Department of Commerce’s blacklist in 2015. The Chinese university was one of a group of supercomputer operators there that had conducted simulations of nuclear explosions, the DOJ said. Shares of American Eagle surge 20% after Trump calls Sydney Sweeney campaign 'hottest ad out there' AND Epstein victims are a growing political threat to Trump The Fall 2025 campaign, titled "Sydney Sweeney Has Great Jeans," centers on a deliberate pun between "jeans" and "genes." "Genes are passed down from parents to offspring, often determining traits like hair color... My jeans are blue." All the hallmarks of a dick-tatorship: American Eagle gender influence gap is -36%: Jay L. Schottenstein Mr. Schottenstein has served as our Chief Executive Officer since December 2015. Prior thereto, he served as our Interim Chief Executive Officer from January 2014 to December 2015. He has served as Chairman of the Board since March 1992. He previously served the Company as Chief Executive Officer from March 1992 until December 2002 and as a Vice President and Director of the Company’s predecessors since 1980 Creepy nepobaby son: The grown son of an Ohio billionaire is a hooker-loving drug addict who threatened to destroy the renowned Manhattan psychiatrist his parents enlisted to help him, according to bombshell court papers. Dr. Paul Conti, a Stanford-educated psychiatrist from Oregon, alleges in a federal suit that the son also gambled away millions of dollars during trips to Las Vegas while running up credit bills and borrowing money from mobsters. SB360 Capital Partners: owned by Jay and his 3 sons (sorry wife): 13 listed executes: all white men last time there was a vote on Jay (2023) CEO/Chair control: has been CEO 3 times; chair since 1992; $300k security; 2,011:1 ceo pay ratio; 7% of shares (passive BlackRock/Vanguard/Dimensional/Wellington: 41%; 71% board influence Audit Committee Chair (which net 20 times last year) and Lead independent Director Noel Spiegel is 77 and over a decade of service Nominating chair Janice Page is 76 and has served for over 2 decades Compensation Committee chair has served for nearly 2 decades Uber’s Sexual Assault Problem AND Uber beats on revenue, announces $20 billion stock buyback A recent New York Times investigation revealed that Uber has been dealing with a significant sexual assault problem. From 2017 to 2022, the company received over 400,000 reports of sexual assault or misconduct in the United States, which averages to about one incident every eight minutes. The investigation, based on thousands of internal documents, found that while Uber studied the issue and even developed potential safety features like in-car cameras and a feature to match female drivers with female passengers, the company chose not to implement these safeguards because they were concerned about their bottom line and potential lawsuits. Tesla Grants Musk $29 Billion in Stock to Keep ‘Elon’s Energies Focused’ AND Elon Musk Accused of Stiffing Small Businesses for Millions of Dollars, Causing Some to File for Bankruptcy AND Elon Musk Shares Shockingly Sexist Tweet About Woman Being Property. This one's disgraceful, even for Musk AND "This Will Open the Floodgates": Tesla In Trouble as Jury Orders It to Pay $329 Million After Autopilot Death AND Tesla withheld data, lied, and misdirected police and plaintiffs to avoid blame in Autopilot crash AND Elon Musk Appears to Now Be the Most Hated Person in America, According to New Research Goodliest of the Week (MM/DR): DR: Waste from Ben & Jerry’s ice cream factories is now powering the Vermont grid Now that the ice cream waste can travel by pipe to become biogas, Ben & Jerry’s can also make 600 fewer truck journeys a year, reducing the company’s carbon emissions. DR: Gates Foundation is giving $2.5 billion to fund women’s health research MM: Musk, Bezos, and Zuck are going full alpha male. America's girlbosses are fed up. When companies won't offer work-from-home policies or the flexibility that working parents need, it can embolden people to become more entrepreneurial and build under their own terms. This is the greatest backlash - if every woman in a “masculine default”, “founder mode” 13 year old man baby culture where “Jamie Dimon says” and John Stankey (see assholiest) says “maybe you don’t fit” goes and founds there own firms, I’m giddy to see them wipe the floor with those smug billionaire assholes. Side note - I missed this quote from January FT article in the post-Zuck-on-Rogan “masculine energy” interview, but it would have been assholiest of the decade: “I feel liberated,” said a top banker. “We can say ‘retard’ and ‘pussy’ without the fear of getting cancelled . . . it’s a new dawn.” MM: In that vein - A long-running anti-DEI lawsuit could help companies defend themselves from reverse-racism claims DR MM Hello Alice as goodliest of the week - take down that fucknut Stephen Miller and his fake Nazi manboys. Assholiest of the Week (MM): Alex Karp and the men who go to elite universities and say elite universities are bullshit manbabies Palantir CEO says working at his $430 billion software company is better than a degree from Harvard or Yale: ‘No one cares about the other stuff’ Karp went to Haverford, then Stanford for a JD where he met Peter Thiel (who also doesn’t like elite education) This past spring, the company also notably established the Meritocracy Fellowship, a four-month, paid internship for high school graduates who may be having second thoughts about higher education. Program admission is solely based on “merit and academic excellence,” but applicants still need Ivy League-level test scores to qualify. This includes at least a 1460 on the SAT or a 33 on the ACT, which are both above their respective 98th percentiles. According to Karp, the internship was created in direct response to the “shortcomings of university admissions.” Here’s the problem: there ARE shortcomings to elite colleges, mostly that they exude exclusivism and a commodity - but it’s still a pretty rich for a guy who WENT to Stanford where he met his future funder and mentor to talk about how bullshit it was John Stankey and the re-rise of the Jack Welch man-directive manbabies MM It is incredibly encouraging that 73% of our employees took the time to respond to the survey, with 79% of those respondents feeling committed and engaged with their work at AT&T. While this is reassuring, especially considering the amount of change we've navigated as a company recently, it wasn't a surprise to me that we fell short of our engagement goal. TRANSLATION: I’m not surprised so many of you think we suck, I’ve been here 5 years as CEO and I’m not awesome at my job… but hold your breath while I tell you how it’s your fault This note may also help you identify areas where your professional expectations might be misaligned with the strategic direction of this company. TRANSLATION: It’s your fault I understand that some of you may have started your tour with this company expecting an "employment deal" rooted in loyalty, tenure, and conformance with the associated compensation, work structure, and benefits. We have consciously shifted away from some of these elements and towards a more market-based culture — focused on rewarding capability, contribution, and commitment. TRANSLATION: Fuck your job, this is a meritocracy now. A manly meritocracy. I understand that many may find the demands of your daily lives challenging and difficult. Elder care, job stress, child rearing challenges, economic uncertainty, community unrest, technology anxiety — the list can get long…We run a dynamic, customer-facing business, tackling large-scale, challenging initiatives. If the requirements dictated by this dynamic do not align to your personal desires, you have every right to find a career opportunity that is suitable to your aspirations and needs. That said, if a self-directed, virtual, or hybrid work schedule is essential for you to manage your career aspirations and life challenges, you will have a difficult time aligning your priorities with those of the company and the culture we aim to establish. TRANSLATION: We know your life is hard, but shut the fuck up about it because I don’t care. WHERE THE FUCK IS THIS BOARD? Here are the “go hard or go home” board members Bill Kennard, lead "independent" director connected in 13 loops to other directors, been there for 11 years, who got his undergrad in communications from Stanford and worked at the FCC and was an ambassador - proving once again that “communications” isn’t a qualification for communicating? Marissa Mayer - maybe this business thing isn’t for you? Mike Mcallister, ex Humana CEO, who was investigated for duping elderly into thinking Obamacare’s passage would cut Medicare? Scott Ford, who lead the biggest landline company before pivoting to selling coffee, as your bright star into the future of tech? That’s where the board is - unqualified for the moment, highly interconnected, with long careers of average performance Luis von Ahn and the tech bro “sorry, not sorry” we were just “being edgy” no but seriously I know what’s best for you secretly manbabies Duolingo's CEO says he learned a hard lesson about 'edgy posts' and going viral First, says Duolingo, the app for learning languages, would be “AI-first” Then says they’re not hiring anymore as long as it can be done by AI Then says schools will really just be childcare with AI teachers, and teachers will just “take care of the children” and you need schools for the “childcare” In his apology, he said sorry for being “edgy” Yes, it was the edginess, not the assholery If you want to quickly identify a manbaby, it’s easy: first they “say” something they really think, then their apology basically is “sorry you didn’t get it, I won’t say it again” Headliniest of the Week DR: Shareholders Judge Directors by Their Faces, Study Finds MM: Trump calls for Intel CEO to 'resign immediately' More ESG analysis: Boeing’s ex-CFO BlackRock’s ex founder The former CEO at Jack Dorsey’s Square A partner at Sequoia A Princeton professor The former CEO of HP The chair who’s a VC and has been there since 2009 Who Won the Week? DR: Boston Mayor Michelle Wu for calling out the billionaire Kraft family regarding the new stadium proposed for the New England Revolution: “We haven’t asked for anything out of the ordinary for any significant development, much less a mega-development like this one … To this day, the Kraft Group has provided the city no meaningful technical information … What we’ve heard has stayed at a conceptual level that is insufficient for any serious negotiation. Citing the proposed figure of $750,000 that the Kraft Group would pay to Boston as a mitigation fee, Wu said, “It is an unserious proposal … the figure is “just 1.1 percent of the $68 million mitigation package that was paid for the Everett casino project right nearby years ago.” Wu, who as the incumbent is also campaigning against Josh Kraft (son of Revolution owner Robert Kraft) in Boston’s mayoral race, didn’t miss a chance to land a political dig at her opponent: Referencing the proposed mitigation fee, she said that “$750,000 is just one-and-a-half month’s of a billionaire son’s allowance. It is nowhere near the scale of what we need to address the plans that have already been laid out by our residents, with our traffic engineers, with the coordination of the entire region.” MM: Jamie Smith at EY for writing the only other 2025 US proxy review that included a whole section on director votes Predictions DR: Trump tries to fit into a pair of Sydney Sweeney’s jeans (re: the OJ glove) to prove he did not know Epstein. The American Eagle stock surges MM: Duolingo releases a new language choice, “Manbro”, in which it teaches how to apologize, how to be more intense, and why you should bow to your AI overlords

DAMION1 In our 'Treaty Talks Begin With Bold New Commitment to Avoid Commitment: Delegates agree to form a task force to consider considering action and then unite to Say 'Plastic Is Bad'—Then Go Back to Their Plastic-Filled Hotels' headline of the week. Here’s what to watch for at this month’s global plastics treaty talks Negotiators from more than 170 countries are arriving in Geneva, Switzerland, this week to resume discussions over the United Nations plastics treaty, eight months after they missed their original deadline for finalizing the pact. Many delegates, advocacy groups, and U.N. officials are hopeful that the 10-day session will result in a final agreement that delivers on the U.N.’s objective to “end plastic pollution.” But progress has been slow at each of the five preceding sessions, in large part due to a consensus-based decision-making structure that has allowed oil-producing countries to obstruct progress. In our 'Hey Ma, the dude who got his BA at Haverford College which costs $93,600 and received his JD from Stanford is mansplaining about elite colleges, can you grab my water bottle and my red lawn chair?!' headline of the week. Palantir CEO Alex Karp takes a shot at elite colleges and says the company offers 'a new credential independent of class In our 'It's better off helping people without formal biology expertise design or recreate biological threats like toxins or pathogens' headline of the week. OpenAI says ChatGPT shouldn't tell you to break up with someone In our 'What an asshole! The next thing he'll probably do is call out other banks for breaking their climate pledges ' headline of the week. Banking CEO breaks from the pack on return to office. He goes in 4 days a week but leaves the rest up to the ‘adults’ he works with Standard Chartered CEO Bill Winters In our 'Citizen Journalist Robbie Starbuck and The National Legal and Policy Center prepare shareholder proposal calling out Microsoft and asking “What about MEN’S ovaries? This is woke biology gone too far.”' headline of the week. Gates Foundation is giving $2.5 billion to fund women’s health research MATT1 In our '8Ks revealed that Charlie Scharf, Wells Fargo's CEO, was awarded $30m to open his mindspace, Steven Hemsley at UnitedHealth was given $60M to center his chi, and Goldman's CEO DJ DSol got $80m to attune his crystals and align his money aura.' headline of the week. Tesla Grants Musk $29 Billion in Stock to Keep ‘Elon’s Energies Focused’ In our 'Specifically, the part where they ran someone over' headline of the week. Jury Says Tesla Was Partly to Blame for Fatal Crash In our 'Reports suggested the awning was made of cybertruck trim, the tables were actually crashed robotaxis, and the chicken wings were made from old Nazi bathroom graffiti' headline of the week. Tesla Diner Patio Covering Collapses, Smashes Mother on Head and Barely Misses Baby In our 'Retention awards for "continued leadership"? Or pay for focus? Pay to show up? Pay for "energy"? Relocation pay for my sister's cousin's condo in Ottawa? ' headline of the week. 2025 CEO Priorities Adapt to changing external environments and regulatory landscape Manage growth and investment amid current fiscal outlook Create a resilient supply chain Access to talent and workforce Articulate a vision for an AI and tech-enabled enterprises Embrace opportunities for personalized consumer experiences Understand the changing environmental challenges Shape the leadership team Articulate Vision and strategy, and tell your story as a leader Drive performance Ensure proper governance processes Collaborate with the board Optimize organizational structure Align communications Satisfy shareholders and stakeholders Build the culture Navigate geopolitical uncertainty In our 'If you can't tell your kid with a fever of 102 to suck it up and fuck off, maybe this company isn't for you' headline of the week. 5 things the AT&T CEO's sweeping memo says about where corporate America is headed His name is John Stankey "If a self-directed, virtual, or hybrid work schedule is essential for you to manage your career aspirations and life challenges, you will have a difficult time aligning your priorities with those of the company and the culture we aim to establish," Stankey wrote. DAMION2 In our 'I refuse to celebrate until we reach 7.3%' headline of the week. The share of female CEOs running Global 500 companies hits a record high of 6.6% In our 'Houston American Energy Corp. announces that finally the phrase “Let’s hear what she thinks” can be said in the boardroom without an immediately ironic chuckle, now it can be an authentic condescending chuckle' headline of the week. Houston American Energy Corp. Appoints Martha J. Crawford to Board of Directors In our 'Great, when he's done creating a practical application of cold fusion, could he explain why anyone would buy a Cybertuck, have him finish my daughter's algebra homework, and then share the wisdom behind Intel's stock price being down 22% from the day he started as Intel CEO?' headline of the week. Jim Cramer on Intel CEO: “He Totally Understands Everything” In our 'After a nice brunch, they went to the aquarium and then to a poetry reading' headline of the week. Mary McDowell Joins Zebra Technologies Board of Directors In our 'They named him Peter Semple, after their great grandfather, and then chained him to his desk ' headline of the week. Depop names permanent CEO MATT2 In our 'US companies give investors a break from voting NO on every shareholder proposal this year' headline of the week. US companies deny record number of shareholder votes Average vote for ESG proposal: 20%. Average vote against ESG proposal: 80%. In our 'Please don't say suicidal ideation, aggression, reality detachment, and hallucinations, please don't say suicidal ideation, aggression, reality detachment, and hallucinations, please don't say suicidal ideation, aggression, reality detachment, and hallucinations...' headline of the week. A New Paper Just Found Something Horrifying About Kids Who Get Phones Early in Life Chief scientist Tara Thiagarajan found that among the more than 100,000 18-to-24-year-olds whose outcomes they tracked, those who got phones when they were younger experienced more suicidal ideation, aggression, reality detachment, and hallucinations as they aged. In our 'Man leaves gym and goes to Wendy's to get fit' headline of the week. Barclays leaves Net Zero Banking Alliance to combat climate change If you want to prove your commitment to transitioning Barclays, feel free to use our data to vote out every director that underperforms on climate! In our 'Olive Garden appoints car mechanic as executive chef' headline of the week. Harley-Davidson board appoints Topgolf executive as next CEO Artie Starrs has been golf CEO, Pizza Hut CEO, is on a non profit board that helps underprivileged children, got an economics degree from Princeton, and he enjoys hiking, playing golf, listening to live music. He sounds exactly like someone who rides a Harley. In our 'SOMEONE IS ACTUALLY FIGHTING. And of course it's a female founder.' headline of the week. A long-running anti-DEI lawsuit could help companies defend themselves from reverse-racism claims Elizabeth Gore of Hello Alice is fighting Stephen Miller’s AFL lawsuit brought on behalf of a white trucker in Ohio who says they didn’t get a shot at a grant that went to someone black - and Gore is winning because it’s all a fucking joke Meanwhile, Brown, Harvard, Colombia and the high priced Ivies are folding like cowards Reach out to Hello Alice or Gore, offer help or support, join the service, because somewhere there is someone fighting bullshit Figma IPO QUIZ The Figma IPO Figma founder and CEO Dylan Field What percentage of shares does he actually own in the company? 17% What is total voting power? 74% How many votes per share are magical Class B shares worth? 15 votes per share What percentage of Class B shares does Dylan control? 99% There are 5 executive officers and 10 directors, how many are women? 2 (directors) Who is the chair of the Figma board? CEO and founder and controlling shareholder Dylan Field How many friendships with Peter Thiel does Dylan Field have? 1 How many college degrees does Dylan Field have? 0 Where did Dylan Field drop out of? Brown Who paid Dylan Field to drop out of college? Peter Thiel In addition to his shareholdings, how much is Dylan Field due to receive if the stock price hits $130 (it already was over $124) $2B in equity Which CEO’s pay package was Dylan Field’s pay package modeled after? Elon Musk How many years does Dylan Field have to reach that stock price hurdle? 10 How old is this very rich college dropout? 33 In response to a question about how he was going to change the world, what did Dylan Field say? He was going to build better software for drones. Then I’m guessing Figma must truly benefit humanity if this guy is so rich, what does Figma do exactly? Figma is a collaborative web application for interface design, with additional offline features enabled by desktop applications for macOS and Windows. The feature set of Figma focuses on user interface and user experience design, with an emphasis on real-time collaboration,[3] utilizing a variety of vector graphics editor and prototyping tools.

Story of the Week (DR): ​​Mark Zuckerberg just shared his vision for 'personal superintelligence. "But perhaps even more important is that superintelligence has the potential to begin a new era of personal empowerment where people will have greater agency to improve the world in the directions they choose,"' Mark Zuckerberg is pouring billions of dollars into AI ‘superintelligence’—so why does his Instagram pitch feel so underwhelming? Mark Zuckerberg Looks Like He's Been Taken Hostage as He Explains Plan for Deploying AI Superintelligence Anthropic's CEO says massive salary changes could 'destroy' company culture "If Mark Zuckerberg throws a dart at a dartboard and hits your name, that doesn't mean you should be paid 10 times more than the guy next to you who's just as skilled." Amodei said such massive salary changes could "destroy" a company's culture by treating people "unfairly." Many of his employees have rejected the outside offers, and some "wouldn't even talk to Mark Zuckerberg." Wells Fargo board to appoint CEO Scharf as chairman and grant $30 million award MM Special CEO Equity Award one-time equity award consisting of Restricted Share Rights with a grant date value of approximately $30 million and 1.046 million Stock Options (Exercise Price: $82.65) the Board approved and adopted the Company’s By-Laws: The amendments remove the requirement that the Chairman of the Board be an independent director. The Board also amended the Company’s Corporate Governance Guidelines to require a Lead Independent Director if the Chairman of the Board is not independent Consistent with this change, the independent directors of the Board intend to appoint Mr. Scharf as Chairman of the Board, and to appoint a Lead Independent Director of the Board. $30M last year, including $20M in equity What happens to existing chair Steven Black? Scharf was former CEO and CHair of The Bank of New York Mellon, when current Chair Black was appointed to the Mellon board Black on Pay Committee With Committee Chair Ron Sargent, former CEO/Chair of Staples and current interim CEO of Kroger Wall Street returns to work after Manhattan shooting that killed Blackstone executive The investigation is ongoing, but authorities found a note on the gunman suggesting Shane Tamura, who had a history of mental health issues, appeared to blame the National Football League (NFL) for a brain injury (CTE) he believed he had from playing football. His intended target was likely the NFL headquarters, which is also located in the building. The investment firm's offices were closed on Tuesday after it said senior Blackstone executive Wesley LePatner was among those killed Report: NFL will acquire up to 10 percent of ESPN as part of NFL Media deal Just to tweak Matt: ‘Woke is officially dead at Brown,’ Trump says, after Ivy League school settles with federal gov Goodliest of the Week (MM/DR): DR: Women Now Occupy Almost a Fifth of Top Venture Roles, Study Finds The share of women in high-echelon postsThat share, which counts those in partner roles and above, has doubled since 2018 to 18.6%, according to nonprofit All Raise MM: ‘Shame on them’: Standard Chartered CEO decries banks that drop climate pledges DR Bill Winters criticised banks that had jumped on the climate bandwagon when it was “fashionable”, but had since rolled back on their green ambitions or gone quiet on the subject. “Shame on them,” he said, without naming individual firms. Assholiest of the Week (MM): Brown University Trump: Woke Is Dead at Brown University $50m extortion paid to Trump to restore funding “Brown will adopt the government’s definition of “male” and “female,” for example, and must remove any consideration of race from the admissions process.” “Brown will no longer perform gender reassignment surgeries on minors or prescribe them puberty blockers or cross-sex hormones,” Leavitt added, calling it “chemical castration of children.” Barclays DR Barclays Reports £500 Million in Sustainable Finance Revenues In a report released YESTERDAY, the bank said it made $500m on sustainable finance 44 page report detailing how amazing their work on climate is, how sustainable they are, and all the benefits Barclays latest British lender to quit climate banking alliance "After consideration, we have decided to withdraw from the Net Zero Banking Alliance," the bank said in a statement on its website. "With the departure of most of the global banks, the organisation no longer has the membership to support our transition." Microsoft Microsoft CFO calls for 'intensity' in an internal memo, after blowout earnings The chief financial officer, Amy Hood, sent an email to employees on Wednesday after the company reported a $27 billion quarterly profit, telling them the year ahead would require "intensity, clarity, and bold execution." The adult in the room just joined the middle schoolers in talking about “growth mindset” and “intensity” in a race to the bottom where we gut employees but executives keep their jobs The enigma of adulthood Hood I’m sure is very worried about her job at MSFT… although she already has a job for life on the board of 3M, so why worry? Not for nothing, but Amy Coleman got the role of Chief People Officer in March, just in time to fire everyone She also cashed in more than $24m in options in the last 3 months, and despite being an NEO in the 10k, her contract was not disclosed in an 8K - curious how much she was paid to dispose of employees? Or is that the “enigma of disclosure”? Cowering employees 37% of employees have wondered if emojis are professional Your employees are worried about emojis being professional Your research team is worried about buying the best governance data on earth because of a podcast with a segment called “Assholiest” Your rank and file, after years of wages that don’t keep the pace of inflation, have to deal with a Walmart exec saying “nobody” will want to hire you if you’re a “Debbie Downer” Meanwhile… Elon Musk Amplifies Bizarre Claim That 'Women Are Built To Be Traded' CEO Brags That He Gets "Extremely Excited" Firing People and Replacing Them With AI Literally, every week Jamie Dimon says something and Sam Altman is afraid of the apocalypse he’s made… and your employees are so tenuous they’re worried about improper emoji use Headliniest of the Week DR: Elon Musk Amplifies Bizarre Claim That 'Women Are Built To Be Traded' AND Elon Musk Pushes View That Women Are 'Anti-White' Because They're 'Weak' DR: U.S. Women in Coffee welcomes Mark Inman to its Board of Directors MM: Tesla Robotaxi Gets Stuck in Infinite Loop as Support Tries to Break It Out MM: Starbucks CEO: The company was 'mismanaged for a couple years'—here's his plan to 'bounce back' Who Won the Week? DR: King Chuck MM: Chainsaw Charlie! Cue memory reel: Charlie Scharf steps down as Visa CEO in 2016 because he said he couldn’t spend enough time in San Francisco to do the job “effectively” Becomes CEO of Wells Fargo in 2019 and… commutes to San Francisco from NYC Immediately cuts staff, gets nicknamed “Chainsaw Charlie”... then complains he can’t find enough black workers because they’re not qualified Joins board of Microsoft where he can oversee record profits and simultaneous staff cuts, a personal joy Just got this news, he must be stoked: Wells Fargo board to appoint CEO Scharf as chairman and grant $30 million award Predictions DR: As part of of its 10% ownership of ESPN, the Disney board refuses to add an NFL player to its board but agrees to attend all board meetings wearing spandex and shoulder pads MM: Wells Fargo’s investors are unhappy with Scharf’s new chair appointment and retention grant, vote 73% approval of Scharf’s pay but 99.6% in favor of everyone on the pay committee who set the pay and voted to make him chair

Traditional Glass Lewis, ISS sue Texas over law restricting use of ESG in proxy-voting advice Italian court allows climate lawsuit against energy giant to proceed Italy’s highest court has given the green light to a lawsuit against the oil giant Eni for its role in warming the planet, rejecting the company’s motion to dismiss the case. The environmental groups Greenpeace Italy and ReCommon, along with 12 Italian citizens filed suit in 2023 against the state-controlled oil producer for “past and potential future damages resulting from its contribution to climate change.” Honolulu’s lawsuit against fossil fuel companies leads climate change legal fight Honolulu’s lawsuit is further along than similar litigation across the country. A hearing on Tuesday will indicate how these fights play out in court. In 2020, Hawaii’s capital city sued major oil companies, including ExxonMobil, Shell and Chevron, arguing they knew for nearly half a century that fossil fuel products create greenhouse gas pollution that warms the planet and changes the climate. The companies have also profited from the consumption of oil, coal and natural gas while deceiving the public about the role of their products in causing a global climate crisis, the lawsuit says. Rhode Island is the first state to provide menopause accommodations at work Citing New Rules, Meta Says It Will End Political Ads in E.U. Beginning in October, the company will stop ads related to political, electoral or social issues, it said in a release, citing a forthcoming E.U. regulation around the transparency of political advertising The Country Where 76% of Cars Sold Are Electric Nepal; 20% worldwide 20%; Norway 92%; US 10% Speed Round Is this good because a headline not affiliated with Free Float is saying it out loud?: Starbucks CEO Brian Niccol made 6,666 times more than the median employee at his coffee chain last year Sub-score: Is this also good because they actually named the CEO in the headline? Is this good because a CEO is connecting consumer prices to Trump's tariffs?: Procter & Gamble CEO says Trump tariffs are causing the company to hike prices on shoppers Is this good because a CEO is saying something about AI that is not corporate gobbledygook?: Bluesky's CEO warns you shouldn't 'fully outsource your thinking' to AI Is this good because JD Vance agrees with me?: JD Vance calls out Big Tech for firing Americans while hiring cheap foreign H-1B visa replacements Is this good because Hooters is gross?: Hulk Hogan’s death could be bad news for Hooters Is this good for Free Float Media?: Young people aren’t anti-capitalist. They’re just sick of corporate hypocrisy

Story of the Week (DR): Astronomer HR chief Kristin Cabot resigns following Coldplay ‘kiss cam’ incident MM Astronomer’s human resources chief Kristin Cabot has resigned from the company following an affair that was caught on camera at a Coldplay concert. The intimate moment between Cabot and CEO Andy Byron went viral on the internet after the two hid when Coldplay’s lead singer called them out during the concert. Both Byron and Chabot have now resigned from Astronomer and have been removed from the company’s leadership team webpage. They did it! Zero women! 10 execs/ 5 directors Trump's order to block 'woke' AI in government encourages tech giants to censor their chatbots Tech companies looking to sell their artificial intelligence technology to the federal government must now contend with a new regulatory hurdle: prove their chatbots aren't “woke.” President Donald Trump's sweeping new plan to counter China in achieving “global dominance” in AI promises to cut regulations and cement American values into the AI tools increasingly used at work and home. But one of Trump’s three AI executive orders signed Wednesday — the one “preventing woke AI in the federal government” — marks the first time the U.S. government has explicitly tried to shape the ideological behavior of AI. The move also pushes the tech industry to abandon years of work to combat the pervasive forms of racial and gender bias that studies and real-world examples have shown to be baked into AI systems. OpenAI's Sam Altman warns of AI voice fraud crisis in banking OpenAI CEO Sam Altman warned the financial industry of a “significant impending fraud crisis” because of the ability of artificial intelligence tools to impersonate a person's voice to bypass security checks and move money. “A thing that terrifies me is apparently there are still some financial institutions that will accept the voiceprint as authentication,” Altman said. “That is a crazy thing to still be doing. AI has fully defeated that.” Uber will let women drivers and riders request to avoid being paired with men starting next month Goodliest of the Week (MM/DR): DR: Top U.N. Court Says Countries Must Act on Climate Change The International Court of Justice, the United Nations’ top court, issued an advisory opinion Wednesday that found all nations must tackle climate change and those that do not act could be obliged to pay reparations for the harm caused to the environment. The ruling was the result of years of efforts by activists and small island nations. The case was first initiated by Pacific Islands Students Fighting Climate Change, a group of young Pacific Islanders facing the existential threat of rising sea levels, and led by the island nation of Vanuatu. MM: Glass Lewis sues Texas over new ESG and DEI limits on proxy advisers Glass Lewis is my new hero ISS too Assholiest of the Week (MM): FCC approves $8 billion Paramount-Skydance merger Paramount agrees to pay $16 million to settle Trump's CBS lawsuit Suit was filed because Trump didn’t like the editing on a Kamala interview Senators Investigate Whether David Ellison Cut Side Deal With Trump After $16 Million Paramount Settlement Sam Altman and the “you should be worried about the thing I built” manbaby tech bro ethos Sam Altman is terrified about a coming AI fraud crisis Sam Altman is worried some young people have an 'emotional over-reliance' on ChatGPT when making decisions Trump’s ‘anti-woke AI’ order could reshape how US tech companies train their models When running AI giant OpenAI becomes too overwhelming Sam Altman turns to pen and paper—it’s a habit shared by Bill Gates and Richard Branson Microsoft's Satya Nadella says job cuts have been 'weighing heavily' on him DR Satya Nadella on the ‘enigma of success’ in the age of AI: a thriving business, but 15,000+ layoffs “Before anything else, I want to speak to what’s been weighing heavily on me, and what I know many of you are thinking about: the recent job eliminations. These decisions are among the most difficult we have to make. They affect people we’ve worked alongside, learned from, and shared countless moments with—our colleagues, teammates, and friends. I want to express my sincere gratitude to those who have left.” “I also want to acknowledge the uncertainty and seeming incongruence of the times we’re in. By every objective measure, Microsoft is thriving—our market performance, strategic positioning, and growth all point up and to the right.” And yet, at the same time, we’ve undergone layoffs. This is the enigma of success… Distractions Elon Musk's Tesla Is Now the Most Hated Electric Vehicle Maker Elon Musk Tells Tesla Investors to Focus on a Future Filled With Robots Elon Musk Warns That Tesla Board Could Fire Him "If I Go Crazy" Epstein Trump’s order to make chatbots anti-woke is unconstitutional, senator says Meme stocks Beyond Meat? Krispy Kreme? Opendoor? American Eagle? Headliniest of the Week DR: Elon Musk wants more control of Tesla so activist investors can’t boot him—but not so much the board can’t fire him if he goes ‘crazy’ MM: The typical employee would have had to start working before the Revolutionary War to match average CEO’s 2024 pay Who Won the Week? DR: Satya Nadella’s bullshit (More than 15,000 positions—about 7% of the company’s global workforce—have been eliminated since January; $79M 2024 pay/408:1 CEO pay ratio): “By every objective measure, Microsoft is thriving—our market performance, strategic positioning, and growth all point up and to the right” he wrote, noting the company’s capital expenditures, largely fueled by investments in AI and cloud infrastructure, are at historic highs. Despite these investments, he said headcount “is relatively unchanged,” given the simultaneous reduction of jobs. Nadella called this tension the “enigma of success in an industry that has no franchise value,” arguing that success in tech is not permanent or evenly distributed. “Progress isn’t linear. It’s dynamic, sometimes dissonant, and always demanding. But it’s also a new opportunity for us to shape, lead through, and have greater impact than ever before.” Expressing gratitude to those let go, Nadella acknowledged the human cost. “Their contributions have shaped who we are as a company, helping build the foundation we stand on today. And for that, I am deeply grateful.” MM: People who pay CEOs - The gap between CEO and worker pay keeps increasing—and Trump’s policies are making it grow faster - and according to our analysis, directors on the pay committee have zero repercussions for overpaying. 11% of shareholder votes were less than 90% in favor of pay, but greater than 90% in favor of directors who set pay (in 2%, it was less than 75% for pay and greater than 90% for directors) Predictions DR: Satya Nadella divorces his wife and tells her he is “deeply grateful” but this is the “enigma of love” MM: Someone in MAGA realizes that they don’t need to look for documents released related to Jeffrey Epstein to find connections between Trump and sex traffickers since he actually hired a former CEO of a sex trafficking ring, Linda MacMahon, to run the Education Department and the whole White House has been WWE-ified

Your thoughts on the kiss-cam episode Andrew Ross Sorkin’s note yesterday about Andy Byron, the C.E.O. of a tech start-up caught on camera with a colleague from H.R. at a Coldplay concert, struck a nerve with DealBook readers, who have flooded our inbox with responses: “The moment seems to encapsulate the pervasive schadenfreude within our culture, especially our office culture, and a deep-seated animosity toward bosses and colleagues,” Andrew wrote. “It highlights a zero-sum mentality in which a colleague’s success is perceived as your loss, and their failure your gain.” He added that, “The incident also underscores our surveillance state.” Here’s what readers had to say: “The surveillance state is a bit aggressive of a take on this. They were lovingly embracing at a concert during a love song while the kiss cam was on the prowl.” — Bob McMurtry “The public is not just reacting to someone else’s misfortune, it is reacting to the utter hypocrisy revealed yet again by those in power who dictate rules that others should follow, yet arrogantly disregard following them themselves. Employees endure hours of H.R. training on the impropriety of workplace relationships, especially between manager and subordinate, yet the actual HEAD of H.R. engages in an affair with her married C.E.O. Do you not see the specific irony of this outing?” — Jim Woidat “I don’t think we commoners’ resentment of C.E.O.s is so much about jealousy as it is about pay inequality (their pay rate today vs. what it was a few decades ago) and stuff like golden parachutes.” — Tom Eshbaugh What nobody is talking about: Before the kisscam: 12 executives (11 men and Chief People Officer Kristin Cabot); 6 directors (all men) They’ve also disabled their LinkedIn links and yet Astronomer board launches investigation after viral Coldplay 'kiss cam' video appears to show CEO embracing HR chief DealBook Hot Take: Board members should be licensed Jonathan Foster, a consultant and former managing director at Lazard, has served on more than 50 corporate boards. Along the way, he says, he has encountered directors who have stayed too long, or ones whose “knowledge of financial statements and M&A is lacking.” He drew on that experience in “On Board: The Modern Playbook for Corporate Governance,” his new book. One of his big ideas for improving director performance: “a license,” he told DealBook, like the kind required “for investment bankers, doctors, lawyers, even massage therapists.” That, he said, “might increase confidence in corporate directors.” How it would work: Some of the requirements Foster envisions include 10 years of work experience, being at least 35 and passing an exam covering legal standards, basic accounting and finance principles, and ethics. “It doesn’t have to be particularly onerous,” he said, comparing it to the Series 7 exam for financial advisers. To issue licenses, he says, the New York Stock Exchange could oversee an organization like Harvard Business School or the National Association of Corporate Directors. He says he sees the arrangement as akin to how the Public Company Accounting Oversight Board operates under the authority of the S.E.C. That independent nonprofit group, he noted, “has commissioners, and they go do their thing, but they’re ultimately responsible to and can be pre-empted by the S.E.C.” Is it workable? DealBook asked Edward Rock, a professor of corporate governance at the New York University School of Law. He said he worried that standardized requirements for diverse companies could disqualify board members with otherwise strong attributes. For example, he wrote in an email to DealBook, “Why would anyone want to prevent Mark Zuckerberg (28 at the time of Facebook’s I.P.O.) or Larry Page and Sergey Brin” — both in their thirties when Google listed — “from serving on the board of directors of Facebook and Google?” (Foster said exceptions could be created, including for founders.) Shareholders have an incentive to demand the most qualified board members, Rock continued, and they tend to do so. Coca-Cola will roll out cane sugar version of namesake soda in the U.S. this fall Private jet sales are poised for takeoff thanks to a revived tax break A federal tax change now lets companies write off the full cost of buying a private jet in year one Starbucks’ formerly remote CEO has bought a home in Seattle and he’s ordering all staff back to the office 4 days a week Jeff Bezos taps former Amazon Alexa head to lead $10 billion Earth fund Elon Musk's other companies could soon pour billions into his AI startup SpaceX, the rocket company Musk founded and controls, is reportedly investing $2 billion into xAI, his AI startup best known for the chatbot Grok Elon Musk promises Tesla shareholders a vote over buying equity in his Grok startup: ‘If it was up to me, Tesla would have invested in xAI long ago’ Musk's xAI faces European scrutiny over Grok's 'horrific' antisemitic posts Elon Musk’s AI chatbot Grok is now working with the federal government Elon Musk's Neuralink filed as 'disadvantaged business' before being valued at $9 billion OpenAI warns that its new ChatGPT Agent has the ability to aid dangerous bioweapon development A Staggering Proportion of Teens Say Talking to AI Is Better Than Real-Life Friends Elon Musk announces Baby Grok AI chatbot designed specifically for children's learning needs Telegram CEO Pavel Durov on French probe against Elon Musk’s Twitter: “at this point, any tech company can be declared a ‘criminal gang’ in France". Durov further stated that such investigations can be harmful for attracting investments” Musk's X refuses to hand over data in 'politically-motivated' French investigation Why Gov. Greg Abbott Won’t Release His Emails With Elon Musk We asked Abbott for his and his staff’s emails with Elon Musk and Musk’s companies. The governor’s office won’t turn them over, saying some contain “intimate and embarrassing” information that is “not of legitimate concern to the public.” The anti-woke MAGA's tantrum over "woke" Superman is nastier than their usual whining The MAGA talking heads are big mad that director James Gunn said that Superman is an immigrant. They were also furious that Gunn said Superman stands for “human kindness.” Fox News: wondering if the movie would fail on the assumption that American audiences also hate kindness and immigrants. Superman' Proves "Go Woke, Go Broke" Is a Joke – And That Major $125 Million Opening Weekend Confirms It DEI-fueled investing is ‘ideological coercion’ of shareholders, Missouri AG warns amid new probe "Missourians deserve answers as to why the unseen power brokers, controlling much of corporate America, are pushing a leftist worldview at the expense of millions of honest investors … These proxy advisors have held corporate America hostage with their radical ideologies. We are putting them on notice: Missouri will not tolerate ideological coercion disguised as investment guidance." "Woke Or Not Woke?": Ubisoft's CEO Was Asked A Bizarre Question About Assassin's Creed Shadows In A Shareholder Meeting In-N-Out billionaire Lynsi Snyder says she is leaving California: 'Doing business is not easy here' Lynsi Snyder is In-N-Out Burger's billionaire owner and president. She inherited control in 2017 and it remains a private, family-owned business. The reclusive heiress has a $6.7 billion net worth. Lufthansa CEO’s wife Vivian Spohr allegedly runs down woman in Sardinia, expresses ‘deep sorrow’ The victim, Gaia Costa, a resident of nearby Tempio Pausania, died at the scene from severe head injuries, according to local media reports. She had reportedly been crossing at a pedestrian crosswalk when she was hit. The 51-year-old German businesswoman added that she was “at the complete disposal of the Italian judicial authorities for the necessary investigations and, while aware that such a great personal loss cannot be repaired, will take steps to mitigate its consequences.” Mark Cuban says some of NYC mayoral candidate Zohran Mamdani's key policies don't 'have a chance' Mark Cuban says Elon Musk's new political party is 'really smart’ in a key way Are they stealing our thunder POP QUIZ: Did the average S&P 500 CEOs earn in less than two days what their typical worker earned in all of 2023? Fake apologies popping up from CEO allegedly caught cheating CEOs on boards is a governance blind spot — accepted as normal but long overdue for scrutiny

Story of the Week (DR): NEO turnover week MM Apple CFO and COO resign, raising questions about CEO Tim Cook's future Apple CEO succession plan blown open as most obvious candidate to step down Chief Operating Officer (COO) Jeff Williams, 62, will retire at the end of this year. Following the retirement of former Chief Financial Officer (CFO) Luca Maestri, 61, last year, the departure of these 'key figures in growth' seems to signal a significant generational shift within Apple. Meet Apple’s next COO Sahib Khan, a 30-year veteran who will oversee the iPhone maker’s supply chain amid the ‘Trump tariff black cloud’ Twitter/X CEO Linda Yaccarino quits after Grok AI praises Hitler Wendy's CEO Kirk Tanner Leaving Burger Giant for Hershey Is this another Peltz failure? Tanner has been CEO of Wendy’s since only February 2024 Trian Fund Management controls two board seats: Peter May (29%): director since 1993; former Wendy’s executive; Founding Partner of Trian; chair of Capital and Investment committee, chair of Technology Committee, member of Compensation Committee, member of Corporate Social Responsibility committee, and member of Executive committee. Matthew Peltz (31%): son of Nelson; Partner of Trian; chair of Corporate Social Responsibility committee, member of Capital and Investment committee, member of Technology Committee, and member of Executive committee. Matthew resigned in same 8-k mentioning the CEO’s departure and will be replaced by his brother Bradley Peltz; drafted by the Ottawa Senators and played in the Senators’ organization from September 2012 to January 2013. Always my favorite line: “There are no arrangements or understandings between Mr. B. Peltz and any other persons pursuant to which Mr. B. Peltz was selected as a director.” His photo on website: leaving Tanner (8%) with a small voice Golden hello at Hershey: (i) $7M RSU Award (ii) $4M PSU Award, (iii) an additional $1.2M Pro-Rata 2025 RSU Award, and (iv) an additional $2.2M Pro-Rata 2025 RSU Award Wendy’s: salary $1M; 175% annual target; $6M annual equity target Hershey: $1.25M/180%/$9M Also Kristin Dolan, James Dolan wife Hershey not much different: controlled by Hershey Trust and several Hershey Trust directors Interim CEO is CFO Ken Cook, who started in December 2024 Tesla announces Nov. annual meeting under pressure from shareholders, but may still be skirting law Elon Musk’s Tesla finally sets a shareholder meeting date amid doubts about his long-denied $56 billion pay package The exciting Item 5.08 (which I never see): “The board of directors (the “Board”) of Tesla, Inc. (“Tesla”) has designated November 6, 2025 as the date of Tesla’s 2025 annual meeting of shareholders (the “2025 Annual Meeting”).” T-Mobile follows orders from Trump FCC, ends DEI to get two mergers approved "As T-Mobile indicated earlier this year, we recognize that the legal and policy landscape surrounding DEI under federal law has changed and we remain fully committed to ensuring that T-Mobile does not have any policies or practices that enable invidious discrimination, whether in fulfillment of DEI or any other purpose," T-Mobile General Counsel Mark Nelson wrote in a July 8 letter that was posted to the Federal Communications Commission's filings website yesterday. "We have conducted a comprehensive review of T-Mobile's policies, programs, and activities, and pursuant to this review, T-Mobile is ending its DEI-related policies as described below, not just in name, but in substance." CEO Mike Sievert: CNN Business recognized Mike as “CEO of the Year” in 2022, and Yale honored him in 2024 with its “Legend in Leadership Award,” in part due to the impact of these initiatives. UPS Drivers Are Battling Deadly Heat—Without A.C. in Their Trucks Why is the company dragging its heels on updating the vehicles, as the new union contract requires? As part of the contract the union negotiated with UPS in 2023, the company is now required to provide workers with several protections against the kind of extreme heat many of them are facing across the U.S. right now. Those include readily available clean water and ice, as well as access to “cool zones” and the right to take and extend breaks when they feel overheated. The contract further mandated UPS to install fans in the largely non-air-conditioned warehouses where packages are sorted and loaded, and in the front of vehicles. Delivery trucks have also been outfitted with heat exhaust shields and vents. UPS Teamsters, though, are still waiting on some of these historic protections. UPS is required to equip its fleet with at least 28,000 new air-conditioned delivery trucks by the time the current contract expires in 2028; toward that end, all new vans UPS purchases after January 1, 2024, are supposed to have air conditioning. As of last summer, CNN reported, it hadn’t bought any. UPS Brand Management Representative Becca Hunnicut did not directly answer my questions about whether UPS has purchased any new delivery vehicles equipped with air conditioning since the beginning of 2024 and if any of its delivery trucks currently have air conditioning. She wrote over email that the company is “installing air conditioning in all new delivery vehicles we buy and adding them as quickly as possible,” adding that UPS does not “publicly share the number of vehicles we purchase” and that it is “prioritizing deployment in the hottest regions.” Goodliest of the Week (MM/DR): DR: ‘Prevention is better than remedy’: majority of investors say governance gaps attract activists, research shows MM DR 84 percent of investors polled, who hail from North America, Europe (including the UK) and Asia, said that poor governance was the main driver of activist investor attention. Investors also largely (71 percent) favor activism targeting the board on governance and management change versus operational (10 percent), balance sheet (3 percent) or M&A activism (3 percent) MM: Tesla announces Nov. annual meeting under pressure from shareholders, but may still be skirting law Assholiest of the Week (MM): Democracy 73% of votes cast in alternative democracy were for directors in the US 0.01% of directors up for a vote were voted out - incumbency rules We know governance in corporations isn’t working, and it’s the primary driver of activism: ‘Prevention is better than remedy’: majority of investors say governance gaps attract activists, research shows Governance proponents were the only winners in the shareholder proposal space with an 18% win rate We know money doesn’t care nearly as much about performance as it cares about power status quo: Vote Gap - directors batting .333 or lower on TSR vs. average vote at the company Average vote gap was actually +1.3% - bottom directors outperformed average vote at the companies We know that only 22% of US directors have “merit”, but we know that more than 1 in 4 directors are connected to each other through other boards and non profits - including the CEO So we should all fucking lose our minds when… New York’s Financial Crowd Rushes to Build Anti-Mamdani War Chest - no more buying elections Jamie Dimon criticizes Zohran Mamdani as 'Marxist,' blasts Democrats' DEI push: 'Big hearts and little brain' - shut your fat mouth Advertisers Your ads are now next to AI for middle school boys Grok praises Hitler, gives credit to Musk for removing “woke filters” Grok's harmful outputs come at a time when advertisers have just begun returning to X, after X first sued advocacy groups publishing reports of hate speech on the platform, then sued advertiser groups who boycotted the platform allegedly partly due to those reports. Most recently, X's plan to sue firms that don't buy ads has seemed to pay off, while the Federal Trade Commission has moved to stop advertising boycotts, which may help X avoid losing revenue no matter what Grok is trained to say. Musk says Grok chatbot was 'manipulated' into praising Hitler Grok 4 appears to seek Elon Musk’s views when answering controversial questions No more hedging “well, he is a brilliant businessman and innovator” - Elon Musk is a fucking nightmare, antisemite, misogynist pig baby. We don’t say “Well, Hitler was a brilliant dictator, but you know, Holocaust.” Musk is pure shitbird. Dollar Tree DR NEW RULE: if your CEO pay ratio is more than 5:1, the Aristotle rule, no fucking share buybacks Share Buyback Program Declared by Dollar Tree (NASDAQ:DLTR) Board of Directors our median employee in fiscal 2024 was a parttime hourly store associate located in the United States. Out of a total population of 209,517 employees, 140,001 were part-time employees and 5,892 were either temporary or seasonal workers. Mr. Creedon’s total annual compensation for purposes of the pay ratio was $9,246,835 The median employee’s total annual compensation for fiscal 2024 was $15,602, resulting in an estimated pay ratio of 592:1. Creedon effectively made is median employee’s salary 14 hours into his first 24 hours of the year The board approved a buyback of $2.5 billion, with a “B”, equal to roughly 11.5% of outstanding shares The annual total paid to part time employees is $2.18 billion - they took a full year of 140,000 people’s pay and bought their own stock with it to grease investors According to the internet, a Dollar Tree cashier makes on average $10/hour - you could easy give them $15 and pay for it for TWO YEARS without needing to make a dollar if you can afford these buybacks And Bill Ackman is busy complaining why a labor focused socialist democrat won NYC mayor… Headliniest of the Week DR: TVA board set to be all-male, all-white On Tuesday, President Donald Trump nominated four white men to join the three white men he left on the board after firing the only two female directors. MM: Barbie Launches Doll With Type 1 Diabetes MM: How Starbucks’ Founder Uses the ‘Two Chairs Rule’ to Guide Every Leadership Decision “Every decision that we tried to make with two chairs metaphorically sitting in the room was designed to ask ourselves during the debate, is this decision going to exceed the expectations of our people and our customers and make them proud?” Schultz said. “And if the answer was no, we shouldn’t do it.” Not mentioned were the chairs of “CEO” and “Chair of Board” a total of three times Who Won the Week? DR: Kirk Tanner, more chocolate, less disgusting grease, less Peltz, more diversity in leadership, and zero nepotism (LD is woman; 3 Hershey Trust board members are Asian woman and two lack men) MM: Tennis, the great billionaire equalizer. ‘Biggest joke I’ve ever watched in professional tennis’: Swift backlash after billionaire Bill Ackman’s pro debut Predictions DR: New Wendy’s director Brad Peltz gets caught watching hockey during board meetings, still gets the support of 99.3% of shareholders MM: Elon Musk Obtains Permit to Spew Pollution - isn’t this the greatest future money maker for the Trump administration? Pay for a permit to do heinous shit? PREDICTION: Trump begins issuing permits, with starting cost of $1m, for oil spills, pollution, hate speech, deforestation, and using forced labor (kids or immigrants are both covered, obviously).