Business Pants Podcast Por Free Float Media Inc. arte de portada

Business Pants

Business Pants

De: Free Float Media Inc.
Escúchala gratis

Whether you love business news or feel like you’re supposed to know it but hate it, Business Pants is business news for humans. Snarky and irreverent, deeply researched and factual, a podcast devoted to market quirks and the humans that make up companies. Investing isn’t a what, it’s a who.

2024, Free Float Media Inc. Economía Finanzas Personales Política y Gobierno
Episodios
  • Sam Altman the sociopath, reasons for hope, McD’s CEO says it’s mom’s fault, and men failing up

    Sam Altman the sociopath, reasons for hope, McD’s CEO says it’s mom’s fault, and men failing up
    Apr 10 2026
    Story of the Week (DR):Jeff Shell, president and board director at Paramount Skydance, is stepping down after allegations of SEC violationsShell came under scrutiny after gambler and whistleblower R.J. Cipriani filed a $150M lawsuit alleging Shell shared confidential information in violation of SEC rules.Shell previously left his role as NBCUniversal CEO in 2023 after he admitted to having an “inappropriate relationship” with an employee.The company said it did not find an SEC violation. Paramount added in a statement that the claims were “baseless” and said Shell is taking “forceful legal action.”His future at Paramount has been in question since the company beat Netflix in a bidding war in February to acquire Warner Bros. Discovery The acquisition of WBD will bring in many new executives, and Shell, who was not involved in deal talks, didn’t have a defined role at a combined company, CNBC reported last month.Yesterday, a Separation Agreement was announced: Shell will be getting approximately $16M:$5M Cash Severance ($3.5M salary + $1.5M bonus)$11M Equity Acceleration (1,000,000 shares @ $10.95=$10.95M)12 months of COBRA benefits COBRA/Subsidies ~$30,000According to the agreement: “The Executive shall not issue a press statement announcing about the separation without the advance approval of the Company” and “Nothing contained in this Agreement shall be deemed or construed as an admission of wrongdoing or liability on the part of the Company or of the Executive”“The problem is Sam Altman”: OpenAI Insiders don’t trust CEO DRInside Sources Say Sam Altman Is a SociopathOpenAI Insiders Claim Sam Altman is Lying, Manipulative, and Untrustworthy in The New Yorker's InvestigationSam Altman’s Really Weird Week Just Got Even WorseTwo OpenAI Execs Are Going on Medical LeaveThe company’s chief marketing officer Kate Rouch is reportedly stepping down to recover from cancer.And Fidji Simo, OpenAI’s CEO of artificial general intelligence development — and arguably one of the AI company’s most important cogs — is taking medical leave.“For my entire time here, I’ve postponed medical tests and new therapies to stay completely focused on the job and not miss a single day of work”Proxy adviser ISS recommended a vote against the BP board for revoking two resolutions from 2015 and 2019 requiring company-specific climate reporting which passed with near 100% support at the time.At the same time, Activist shareholder Follow This agreed with ISS and warned ‌of possible ⁠legal action after BP refused to put a separate shareholder resolution on the agenda of its April 23 AGMOklahoma bill would block climate change lawsuits against fossil fuel companiesA measure introduced in the legislature this year would prohibit anyone in Oklahoma from suing fossil fuel companies for damages related to the effects of climate change or greenhouse gas emissions.Rep. Anthony Moore (R-Clinton) said the legislation would protect the industry, which includes any company working with oil and gas, coal, natural gas liquids or refined petroleum products: “The reality is, if you were to get that judgment, billions and billions of dollars, that's just passed on to the taxpayer — that would be passed on at the pump, that would be passed on through electricity costs, energy costs across the board would dramatically change. There's no reason that that has any place in any court of law, but especially in Oklahoma.”Rep. Anthony Moore won a state championship in golf; minored in Bible in college; began his professional career as a landman in the oil and gas industry; his law practice focuses primarily on oil and gas; and has received numerous recognitions for his for his work representing oil and gas mineral owners, earning Super Lawyers Rising Star recognition in the field of oil and gas law for five consecutive years.Mark Cuban admits he made a mistake letting go of the Mavericks: ‘I don’t regret selling. I regret who I sold to’Family of Sheldon Adelsonfounder/chair/CEO of Las Vegas Sands CorporationOwned more than 50% of stockStill routing took $25M in pay, including $5M in security costsSon-in law patrick Dumont: CFO/directorDonald Trump's largest donor in 2016 and 2020 ($557M as of 2024)In February 2012, Adelson told Forbes magazine that he was "against very wealthy people attempting to or influencing elections. But as long as it's doable I'm going to do it.”secretly bought Nevada's largest newspaper for $140 million through a shell company: the Las Vegas Review-Journal in Dec. 2015, a deal orchestrated by Adelson's son-in-law Patrick Dumont and seen as "lavish" and as a dramatic overpayment, and speculated that the move was a power play to further Adelson's business or political agendasA set of editorial principles drawn up in 2016 and publicized to ensure the newspaper's independence and to deal with possible conflicts of interest involving Adelson's ownership were withdrawn after a ...
    Más Menos
    58 m
  • GOOD GAME: Activist takes our advice, EPA vs. microplastics, UA union deal, endless shrimp

    GOOD GAME: Activist takes our advice, EPA vs. microplastics, UA union deal, endless shrimp
    Apr 7 2026
    The Good GameActivist investor seeks to oust Americold Chair Mark Patterson over “problematic boardroom behavior”Activist investor Sieve Capital is pushing Americold Realty Trust to remove board chair Mark Patterson, citing his tenure on the board of scandal-ridden office landlord Paramount Group.OpenAI releases policy proposals aimed at addressing fallout from AI-driven job losses The proposals, which OpenAI admits are “ambitious” and “intentionally early and exploratory,” include everything from a new industrial policy agenda to modernizing the tax system to expanding access to healthcare coverage and retirement savings.They are meant to help answer questions about job disruptions and AI systems that evade human control, and to protect against governments deploying AI in ways that run counter to democratic values.Among the core policy suggestions is a public wealth fund, which would see lawmakers and AI companies work together to invest in long-term assets linked to the AI boom, with returns distributed directly to citizens. Another is that the government should encourage and incentivize employers to experiment with four-day workweeks with no loss in pay and offer "benefits bonuses" tied to productivity gains from new AI tools.EPA Wants to Prioritize Microplastics, Pharmaceuticals as Water ContaminantsEPA Administrator Lee Zeldin said the move sends “a clear message: we will follow the science, we will pursue answers, and we will hold ourselves to the highest standards to protect the health of every American family.”Delta started sharing profits with its 100,000 employees two decades ago. CEO Ed Bastian says shareholders love itThe payout is sizeable: this year, Delta dispersed over $1 billion to its roughly 100,000 employees.Profit sharing distributes a slice of company earnings directly to workers as a cash bonus. At Delta, the formula is simple: 10% of the first $2.5 billion in adjusted profits, and 20% of everything above that.Proxy adviser ISS recommends vote against BP board over attempt to scrap some climate reportingISS recommended a vote against the BP board on revoking some previous climate reporting resolutions and allowing it to hold online-only shareholder meetings: "A particularly compelling argument would be required to justify such a legal revocation, which we believe is unprecedented in the UK context," ISS said about BP's resolution to retire two resolutions from 2015 and 2019 requiring company-specific climate reporting which passed with near 100% support at the time.Activist shareholder Follow This broadens climate campaign against BPA group of European investors led ‌by activist Follow This urged BP on Thursday to drop plans to scrap some company-specific climate-reporting commitments and called on shareholders to vote against the move at the oil company's annual meeting this month.Follow This also warned ‌of possible ⁠legal action after BP refused to put a separate shareholder resolution on the agenda of its April 23 annual general meeting.TVA CEO Don Moul announces retirement as Trump slashes his payThe CEO of the Tennessee Valley Authority, the largest public utility in the United States, will retire July 1.Don Moul, CEO since April, 9, 2025, notified the public utility's board of directors April 3, closing a turbulent chapter for the federal power provider.Had Moul decided to stay on at TVA, he would have faced a 90% pay cut as the Trump administration seeks to cap pay for all TVA employees at $500,000.Moul, the highest paid federal employee, made about $6 million as TVA CEO in 2025.Similarly sized utilities in the South, and TVA in the past, have paid their CEOs substantially more than Moul made. Jeff Lyash made over $10 million in his last year as TVA's chief executive. Lynn Good, a recent CEO of the private Duke Energy company, drew $21.6 million in 2024, and in the same year the CEO of Southern Company made $23.8 million.Starbucks staff will now get paid weekly — and some will get new bonuseswill allow baristas and shift supervisors at Starbucks' top stores to earn up to $300 each quarter — or up to $1,200 a year — for meeting sales goals and consistently delivering a positive customer experienceUnited Airlines and flight attendants reached a tentative deal with $740 million in bonusesUnited Airlines and the Association of Flight Attendants-CWA reached a tentative five-year labor agreement on March 26 that would provide the carrier's 30,000 flight attendants their first pay increases since 2020, including a $740 million signing bonus pool and top wages of $100 per hour by the contract's end.Beyond base pay, the contract also covers compensation during the boarding process, additional pay when lengthy gaps occur between flights, and limits on how overnight flying can be scheduled.United said the agreement would make its flight attendants the highest-paid in the industry.‍ ‍Chief human resource officer salaries have surged 30% at S&P 500 ...
    Más Menos
    45 m
  • Oracle’s bloodbath, Musk’s SpaceX, company “overstaff” gaslight, Jamie Dimon says

    Oracle’s bloodbath, Musk’s SpaceX, company “overstaff” gaslight, Jamie Dimon says
    Apr 3 2026
    Story of the Week (DR):Elon Musk's SpaceX set to go public in $1 trillion share listingElon Musk’s rocket and satellite company SpaceX has confidentially filed for an initial public offering with the Securities and Exchange CommissionThe firm could seek a valuation of $1.75 trillion with a public listing around June.A confidential filing means that SpaceX will submit its financials to the SEC before revealing them to the public, which must occur at least 15 days before the IPO roadshow.Musk owns 42% of the SpaceX now, according to Pitchbook, though that figure will change with the IPO when new owners are issued shares.Among current SpaceX owners is Donald Trump Jr, the president’s oldest son. He owns a shares through 1789 Capital. That venture capital firm made him a partner shortly after his father won the presidency for a second time and has been buying up federal contractors seeking to win taxpayer money ever since.The White House and Trump himself have repeatedly denied there are any conflicts of interest between his role as president and his family’s businesses.Public investors may get low-vote shares, while insiders could hold super-voting stock with roughly 10 to 20 votes per share, if the reported structure is adopted.Reports suggest SpaceX has been adding board members as it prepares for the IPO process.The company’s board has historically included Elon Musk, Gwynne Shotwell, Antonio Gracias, Luke Nosek, Steve Jurvetson, and Donald Harrison in reporting about its governance.Gwynne Shotwell is widely reported as president and COO, and Bret Johnsen as CFOBig Banks Seeking a Piece of SpaceX’s I.P.O. Must Subscribe to Elon Musk’sMusk is requiring Wall Street firms to purchase subscriptions to his A.I. chatbot if they want to advise on one of the largest initial public offerings in history.Air Canada CEO will retire this year after his English-only crash message was criticizedMichael Rousseau is stepping down following a massive public outcry after he delivered a condolence video almost entirely in English regarding a fatal plane crash that killed a French-speaking pilot.Critics and politicians, including Quebec’s Premier, were outraged that Rousseau failed to fulfill a high-profile 2021 promise to learn French, viewing his English-only response to a tragedy as a sign of deep cultural disrespect.Air Canada’s board has launched a global search for a successor and explicitly stated that fluency in both English and French is now a non-negotiable requirement for the next CEO.The company clarified that while a "comprehensive internal development program" has been in place for two years, the recent controversy accelerated the timeline for his departure.Rousseau will officially retire at the end of the third quarter (September 30, 2026), staying on until then to ensure a "seamless transition" and assist the board during the handover.Air Canada CEO Michael Rousseau initially stated he did not intend to step down following backlash over an English-only video regarding a runway incidentElon Musk called the decision “crazy” and suggested “it is not reciprocal.”“There are many one-sided laws in Canada that mandate French at the expense of English,” he posted to X, along with a Grok answering his request to provide a list of Canada’s French language laws and explain “how this is hypocritical compared to no English mandate laws.”“Extremely hypocritical and unfair!”Oracle fired up to 30,000 workers via email after a 95% profit surge. Tech companies are cutting almost 1,000 jobs/day DROracle Corp.’s mass layoffs on Tuesday were part of the company’s cost-cutting measures as it continues to build out expensive data centers for powering artificial intelligence.But one aspect of the mass layoffs — which were estimated to be as many as 30,000 people — was alerting workers over email at 6 a.m. Eastern that Tuesday would be their last day.The terse message, sent to workers in multiple regions and time zones, carried no executive name and was instead signed off simply as 'Oracle Leadership.'“We are sharing some difficult news regarding your position.After careful consideration of Oracle's current business needs, we have made the decision to eliminate your role as part of a broader organizational change. As a result, today is your last working day.We are grateful for your dedication, hard work, and the impact you have made during your time with us.After signing your termination paperwork, you will be eligible to receive a severance package subject to the terms and conditions of the severance plan. You will receive an email from DocuSign to your Oracle email address with details on your severance and termination date.Immediate Action RequiredTo receive important follow-up information, including FAQs and separation documents to help you through this transition, you must provide a personal email address.Please click here to submit a personal email address immediately. If you ...
    Más Menos
    1 h y 7 m
Todas las estrellas
Más relevante
It’s like the Daily Show for business news with a sustainability twist - seriously the only way to get news.

Business and ESG news, but fun

Se ha producido un error. Vuelve a intentarlo dentro de unos minutos.