Episodes

  • Blame game: Amazon’s tariffs, ChatGPT’s personality, Starbucks’ union negotiation, Novavax’s new board member

    Blame game: Amazon’s tariffs, ChatGPT’s personality, Starbucks’ union negotiation, Novavax’s new board member
    Apr 29 2025
    DAMION1White House blasts Amazon over tariff cost report: ‘Hostile and political act’The White House on Tuesday slammed Amazon for reportedly planning to display the cost of President Donald Trump’s tariffs next to the total price of products on its site.“This is hostile and political act by Amazon,” White House press secretary Karoline Leavitt told reporters. “Why didn’t Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?” Leavitt asked.The Trump administration’s aggressive swipe came in response to a report that Amazon will soon show consumers how much of an item’s cost comes from tariffs. The amount added as a result of tariffs will be displayed right next to each product’s total listed price, a person familiar with the plan told the news outlet.WHO DO YOU BLAME?CEO Andrew Jassy.He’s the “boss.”Maybe he feels emasculated?Lowest overall batting average (.308)only 6% influence compared to his boss, Jeff Bezos (67%)Not paid like traditional CEOs (relying instead on his $275M in unvested equity) and the $38M that vested last year; so when he’s hanging out withHis buddies like Target CEO Brian Cornell ($20M) eBay CEO Jamie Iannone ($22M) have the total summary compensation bragging rights. Not to mention the sad, unmanly CEO Pay Ratio which is listed as 43:1 for Jassy and 753:1 for the DEI-hating Cornell Jeffrey Preston Bezos (67%)I mean he’s the actual boss, right?Executive Chair, founder, former CEO, superstar.Hangs out with people like Katy Perry, has a newspaper, sends penis rockets to nowhere, has pretend funds named after himself like the Bezos Earth Fund and the Bezos Day One FundBoard member and former Pepsi CEO Indra NooyiOr maybe this is a DEI problem? Amazon’s Audit Committee is tasked with stuff like operational risks, and legal and regulatory matters. Indra chairs this committeeIndra is also involved with very woke-y/DEI-y:stuff like science (Trustee of Memorial Sloan Kettering Cancer Center)Stuff like math (Member of the Dean’s Advisory Council at MIT’s School of Engineering)Stuff like art (Trustee of the National Gallery of Art)And stuff like giving a shit about people, stakeholder-y capitalism stuff (Director of Partnership for Public Service, whose mission is to inspire a new generation of civil servants and to transform the way government works)Former President Joe BidenAmazon later clarified that the plan to show tariff surcharges was “never approved” and is “not going to happen.” Trump personally called Bezos on Tuesday morning to express his displeasure about the initial report that spurred the heated response from the White House.Trump world's Laura Loomer takes aim at a 'woke' Lockheed Martin and its $2 trillion F-35 programLaura Loomer, the far-right activist who has a direct line to President Donald Trump, criticized Lockheed Martin's F-35 program over the weekend, decrying the US defense giant as "woke" and lashing out against the expensive stealth aircraft.In a lengthy post on X, Loomer suggested Lockheed Martin is delivering F-35 Lightning II Joint Strike Fighters that "are simply not ready for combat.""The F-35 program, one of the most expensive weapons programs in history, is plagued by delays, defects, & downright incompetence," she wrote Saturday. She said the US Air Force is accepting jets that lack "functional" radar systems, without offering evidence.She also claimed that Lockheed is "increasingly obsessed with pushing a woke agenda." Like many other US defense contractors, Lockheed scrapped its diversity, equity, and inclusion programs in January after Trump returned to the White House.The $2 trillion F-35 program is an appealing target for activists and officials seeking to slash government spending, and it has a well-documented list of problems. The Pentagon's top weapons tester said earlier this year that the program had problems delivering functional software and had fallen behind schedule to test upgraded mission systems.WHO DO YOU BLAME?The 2025 Proxy Statement that mentions “diversity” five times!Of course all five of those instances were in the anti-woke/anti-DEI shareholder proposal introduced by the Bahnsen Family Trust.Not sure how this even made the proxy after Lockheed’s anti-DEI move in January: “As we publicly stated following the issuance of President Trump’s January 2025 Executive Order on DEI, we will not have goals or incentives based on demographic representation or Affirmative Action Plans. We are actively reviewing our workforce-related policies to ensure they are, and remain, compliant and aligned with the Executive Order and all related applicable legal precedent.”The three-headed white guy leadership group (53% influence)CEO/Chair James Taiclet (25%): $24M in payLead Independent Director and Nominating Committee chair Thomas J. Falk (13%)“Independent” since 2010David Burritt (15%)Longest-tenured director (2008-)Busy beaver: two ...
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    45 mins
  • Business Roundtable wants to end shareholder proposals, Subaru’s knobs, OpenAI hate humans, and Ralph Lauren’s line of 2x4s

    Business Roundtable wants to end shareholder proposals, Subaru’s knobs, OpenAI hate humans, and Ralph Lauren’s line of 2x4s
    Apr 25 2025
    Story of the Week (DR):CEOs to the rescue?Trio Of Top CEOs Warn Trump Tariffs Will Empty Store ShelvesDuring a private meeting in the Oval Office on Monday, the CEOs of Walmart, Target and Home Depot reportedly told the president that supply chains could freeze and prompt stores’ shelves to go barren if he doesn’t rein in his sharp tariff plans, and meddles with the Federal Reserve.Target CEO Brian Cornell (25%): Mr. The Gay Pride Display Is Too Expensive Because THere are Too Many Colors (719:1)Home Depot CEO Ted Decker (25%): Mr. Charlie Munger Would Hate Him because He Got a BA in English (443:1)Walmart CEO Doug McMillon 6%: (They should have sent a Walton family member) Mr. Racism Was Solved So It’s Time to Move on from DEI (976:1)Elon Musk says he's stepping back from DOGEElon Musk was supposed to work in government as a special employee for 130 days. He just pledged to spend ‘a day or two’ per week for the remainder of Trump’s 4-year termAfter spending three months trying to radically reshape the federal government and its workforce, Elon Musk on Tuesday said he would soon be stepping back from the White House DOGE office."Starting next month, I will be allocating far more of my time to Tesla," Musk said during Tesla's earnings call, adding that "the major work of establishing the Department of Government Efficiency" was done.Tesla profit drops 71% as carmaker warns ‘political sentiment’ could impact future demandBusiness Roundtable urges SEC to amend proxy-voting process MMThe Securities and Exchange Commission should reform the proxy-voting process by making it more difficult for certain shareholder proposals to make it onto company proxy ballots, according to an April 23 report from the Business Roundtable.“The current state of the proxy process is unsustainable,” the advocacy group comprising more than 200 CEOs said in its report. “Companies are being forced to divert significant resources and attention toward responding to a flood of ideology-driven shareholder proposals — resources that would be better spent driving long-term value creation. These escalating costs ultimately fall on shareholders, yet there is little evidence that such proposals yield meaningful economic benefits.”Median US CEO pay hits record $16.8 million on soaring stock awardsMedian pay among top U.S. CEOs rose 7.5% to a record $16.8 million for 2024, a new study found, as big stock grants boosted leaders' reported earnings well beyond the pay received by U.S. workers. Study looked at 320 companies in the S&P 500 with pay data filed so far this yearESG Pope has died: Pope Francis Pushed ESG. How the Church’s Investments Did.The Vatican’s investments are generating a profit, perhaps from a renewed focus—led by the late pontiff—on social values aligned with the Catholic Church. Francis died on Monday at age 88 after a long health crisis.Goodliest of the Week (MM/DR):DR: Subaru Is Bringing Back Physical Knobs and Buttons in Its Cars MM DRDR: Twinkies’ New Owner Courts a Novel Group of Snackers: StonersMM: Tesla whistleblower wins legal battle against Elon MuskAssholiest of the Week (MM):OpenAI DRWhen asked to generate assholes of the week, ChatGPT suggested as the FIRST ASSHOLE: OpenAI’s “Safety Is Optional” StrategyLaunched GPT-4.1 with zero safety report—claiming it’s not “frontier.”Updated its Preparedness Framework to say it might lower safety standards if rivals do.Former staff filed an amicus brief supporting Elon Musk’s lawsuit, saying for-profit incentives undermine safety.Also stopped safety testing of fine-tuned models unless released openly.This is tech’s version of “if the other kids jumped off a bridge...”In 2025… OpenAI updated its safety framework—but no longer sees mass manipulation and disinformation as a critical riskNot to be outdone by other college dropout middle school losers, OpenAI considering its own social network to compete with Elon Musk's XIt’s not OpenAI, it’s Sam Altman, college dropoutRemember when they had a board?Blaming ChinaElon Musk worries Chinese companies will fill out the world’s top 10 robot makers—but claims Tesla is, and will stay, No. 1Google says DOJ's proposal for breakup would harm U.S. in 'global race with China'Trade war woes: Boeing stock sinks after China reportedly blocks plane deliveriesWispy stache middle school manflakes who are going to MAKE you like them, whether you want to or notDamion will rate whether these headlines make him finally like the techbro manflakes:Elon Musk Reportedly Sends DMs on Twitter Offering Women the Chance to Have His BabiesTesla really wants the Cybertruck to be a working man's truckElon 'rattled' as he's brutally trolled in gaming livestream from private jetHuge Number of People Who Used to Like Elon Musk Now Detest Him, Polling ShowsSomeone Is Hacking Crosswalk Buttons to Speak in the Voice of Elon Musk Lamenting the Terrible Sadness in His LifeMeta co-sponsors White ...
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    51 mins
  • ICYMI: Baby boys want all the energy and books, Google/Meta lawsuits, and shareholders cower before Exxon

    ICYMI: Baby boys want all the energy and books, Google/Meta lawsuits, and shareholders cower before Exxon
    Apr 23 2025
    Tech Bro NonsenseFormer Google CEO Tells Congress That 99 Percent of All Electricity Will Be Used to Power Superintelligent AIbillionaire tech tycoon and former Google CEO Eric Schmidt comments to the House Committee on Energy and Commerce: "What we need from you is we need the energy in all forms, renewable, non-renewable, whatever. It needs to be there, and it needs to be there quickly.""Many people project demand for our industry will go from 3 percent to 99 percent of total generation... an additional 29 gigawatts by 2027 and 67 more gigawatts by 2030. If [China] comes to superintelligence first, it changes the dynamic of power globally, in ways that we have no way of understanding or predicting.”Meta Says It's Okay to Feed Copyrighted Books Into Its AI Model Because They Have No "Economic Value"In the ongoing suit Richard Kadrey et al v. Meta Platforms, led by a group of authors including Pulitzer Prize winner Andrew Sean Greer and National Book Award winner Ta-Nehisi Coates, the Mark Zuckerberg-led company has argued that its alleged scraping of over seven million books from the pirated library LibGen constituted "fair use" of the material, and was therefore not illegal.Meta's attorneys are also arguing that the countless books that the company used to train its multibillion-dollar language models and springboard itself into the headspinningly buzzy AI race are actually worthless. Meta cited an expert witness who downplayed the books' individual importance, averring that a single book adjusted its LLM's performance "by less than 0.06 percent on industry standard benchmarks, a meaningless change no different from noise." Thus there's no market in paying authors to use their copyrighted works, Meta says, because "for there to be a market, there must be something of value to exchange," as quoted by Vanity Fair — "but none of [the authors'] works has economic value, individually, as training data." Other communications showed that Meta employees stripped the copyright pages from the downloaded books.Tellingly, the unofficial policy seems to be to not speak about it at all: "In no case would we disclose publicly that we had trained on LibGen, however there is practical risk external parties could deduce our use of this dataset," an internal Meta slide deck read. The deck noted that "if there is media coverage suggesting we have used a dataset we know to be pirated, such as LibGen, this may undermine our negotiating position with regulators on these issues."Lauren Sánchez in Space Was Marie Antoinette in a Penis-Shaped RocketKaty Perry Boasts About Ridiculous Rocket Launch While NASA Is Scrubbing History of Women in Space“It’s about a collective energy and making space for future women. It’s about this wonderful world that we see right out there and appreciating it. This is all for the benefit of Earth.”Last month, the Orlando Sentinel first reported, NASA scrubbed language from a webpage about the agency's Artemis missions declaring that a goal of the mission was to put the first woman and first person of color on the Moon; just a few days later, NASA Watch reported that comic books imagining the first woman on the Moon had been deleted from NASA's website.A webpage for "Women at NASA" is still standing, but pictures of women and people of color — astronauts, engineers, scientists — have reportedly been removed from NASA's real-world hallways amid the so-called "DEI" purge. Per Scientific American, the word "inclusion" has been removed as one of NASA's core pillars. And as 404 Media reported in February, NASA personnel were directed to remove mentions of women in leadership positions from its website.OpenAI NonsenseOpenAI Is Secretly Building a Social NetworkOpenAI has been secretly building its own social media platform, which The Verge reports is intended to resemble X-formerly-Twitter — the social media middleweight owned by CEO Sam Altman's arch-nemesis, Elon MuskOpenAI updated its safety framework—but no longer sees mass manipulation and disinformation as a critical riskOpenAI said it will stop assessing its AI models prior to releasing them for the risk that they could persuade or manipulate people, possibly helping to swing elections or create highly effective propaganda campaigns.The company said it would now address those risks through its terms of service, restricting the use of its AI models in political campaigns and lobbying, and monitoring how people are using the models once they are released for signs of violations.OpenAI also said it would consider releasing AI models that it judged to be “high risk” as long as it has taken appropriate steps to reduce those dangers—and would even consider releasing a model that presented what it called “critical risk” if a rival AI lab had already released a similar model. Previously, OpenAI had said it would not release any AI model that presented more than a “medium risk.”Saying 'please' and 'thank you' to ChatGPT...
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    1 hr and 13 mins
  • Sam Altman says Miyazaki should get over it, AI vs A1, and Zuck testifies

    Sam Altman says Miyazaki should get over it, AI vs A1, and Zuck testifies
    Apr 16 2025

    Sam Altman says Miyazaki should get over it, AI vs A1, and Zuck testifies
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    40 mins
  • Adverbs are bad, tariffs are bigly, Enron’s desk gets pardoned, cybertruck flipoff metrics

    Adverbs are bad, tariffs are bigly, Enron’s desk gets pardoned, cybertruck flipoff metrics
    Apr 7 2025

    Adverbs are bad, tariffs are bigly, Enron’s desk gets pardoned, cybertruck flipoff metrics
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    Less than 1 minute
  • CEO chokes, Trump’s tariff penguins, ESG needs a spine, chicken nuggets, and Starbuck at Heritage

    CEO chokes, Trump’s tariff penguins, ESG needs a spine, chicken nuggets, and Starbuck at Heritage
    Apr 4 2025

    CEO chokes, Trump’s tariff penguins, ESG needs a spine, chicken nuggets, and Starbuck at Heritage
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    1 hr and 3 mins
  • France is for DEI, Primark CEO #MeToo, Tesla rage, Fink’s new-old letter, and Bill Burr needs a job at ISS

    France is for DEI, Primark CEO #MeToo, Tesla rage, Fink’s new-old letter, and Bill Burr needs a job at ISS
    Apr 1 2025

    France is for DEI, Primark CEO #MeToo, Tesla rage, Fink’s new-old letter, and Bill Burr needs a job at ISS
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    52 mins
  • Nikola investors lose, climate targets accelerate, oil execs buy Teslas, and ISS can’t find ANYTHING WRONG at BP

    Nikola investors lose, climate targets accelerate, oil execs buy Teslas, and ISS can’t find ANYTHING WRONG at BP
    Mar 28 2025

    Nikola investors lose, climate targets accelerate, oil execs buy Teslas, and ISS can’t find ANYTHING WRONG at BP
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    59 mins
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