WHO DO YOU BLAME with Doug Chia: Paramount’s hostile daddy, protein Doritos, Kimmel’s contract

SEC Announces It Will Not Respond to Most No-Action Requests for Rule 14a-8 Shareholder Proposals.Government shutdown - the staff claimed they COULDN’T respond because after the shutdown, they had too much other work to do: “current resource and timing considerations following the lengthy government shutdown and the large volume of registration statements and other filings requiring prompt staff attention.” It just happens to coincide with Atkins saying there shouldn’t be shareholder proposals, that’s just a coincidence.John Cheveddan and Jim McRitchie - let’s be honest, if it weren’t for Cheveddan and McRitchie over 3 decades, we’d have less shareholder rights, and companies would not be such big whiners about “woke” shareholder proposals. Guys, you ruined it for all of us with your attention to democracy.Woke ESG shareholders like As You Sow, Arjuna, Trillium, and nuns - if we’re honest, the nuns and SRI crowd might have been the straw, right? I mean they’re putting in proposals that MAKE Exxon sue them! How dare they ask for carbon scope 3 emissions data!Antiwoke shareholders like NCPPR and Jesus - excluding Cheveddan/McRitchie, the highest volume of shareholder proposals have actually been the ANTI-woke filers, asking for things like a report on how companies will stop funding trans conversions (or one actual one where they asked about the reputational risk of NOT supporting un-trans-ing). Some of the proposals are so comically stupid, but the companies have to respond using third party lawyers and do the whole thing - maybe National Legal whatever center for whatever is the REAL straw?ISS and Glass Lewis - this was like 90% of what they did, since they certainly didn’t suggest voting against any directors unless an activist was involved. So when Ramaswamy and Musk and DeSantis and Texas declared proxy advisors woke activists, it was hard to deny since they didn’t do any work to vote out directors - just offer customers whatever voting pablum they wantedBlackRock and investors who never voted anywayOther - Atkins and Manhattan institute - lobbyists, administrationPepsi to cut product offering nearly 20% in deal with $4 billion activist ElliottPepsiCo said it also plans to accelerate the introduction of new offerings with simpler and more functional ingredients, including Doritos Protein and Simply NKD Cheetos and Doritos, which contain no artificial flavors or colors. The company also recently introduced a prebiotic version of its signature cola..WHO DO YOU BLAME?Pepsi CEO Ramon Laguarta - CEO since 2018, 21% influence, 43% connected to the board (so they’re basically all known entities), has overseen basically zero shareholder value increase in the last 5 years, overall .513 TSR batting average - what has he been doing? Did he put a sign on the door begging an activist to come hang?Activist Elliott Management - Paul Singer is notorious as a real foodie… wait, no, sorry, he’s known as a “vulture capitalist” who helped oust Jack Dorsey from Twitter because he didn’t want him to hang in Africa, but was happy to have Elon Musk (who has five jobs) take it over. In 2021, he did take a 3% stake in Ahold Delhaize, a grocery store owner, so he’s probably had a protein shake sprinkled on Doritos before?Pepsi’s board - first of all, it’s 14 people, which is like 7 people too many. Second - 4 finance types? Two pharma/med types? There are more people who know medicine than food - only ONE agribusiness repped on the board (Bunge) with the only other food production from Pepsi or ex-Pepsi execs? There are three directors on the nom committee with 10+ years on the board, and the other two have.. 9 years. Vasella has been there 23 years - time for some turnover.Roberto P. Martínez (International Chief Commercial Officer and CEO of New Revenue Streams) and Tara Glasgow (Executive Vice President and Chief Science Officer) - someone needs to be held responsible for Doritos Protein and Simply NKD CheetosJimmy Kimmel signs ABC extension through 2027Most of Kimmel’s recent renewals have been multiyear extensions. There was no immediate word on whose choice it was to extend his current contract by one year.WHO DO YOU BLAME?Bob Iger - he yanked Kimmel to kiss Brendan Carr’s ass and the affiliates, then put him back on when subscribers cancelled, then convinced affiliates to re-air, all because Kimmel said conservatives really didn’t want Kirk’s killer to be conservative? Now Kimmel is EXTENDED? It has to be the dumbest series of events since “Don’t Say Gay” bill in Chapek’s era, right?Disney’s board - these are well known directors in the bag for Iger, and Iger would not even be CEO again if not for them. Susan Arnold, who at the time had more influence on the board than Iger, was chair of the nominating committee, had Mel Lagomasino and Derica Rice on with her, all went with Iger’s hand picked choice of Bob Chapek. ...