Business Pants

Story of the Week (DR): Social Media's 'Big Tobacco Moment': Meta Faces $1.4 Trillion Fine for Allegedly Fueling Teen Suicide and Addiction Meta is being sued by 33 US states, led by California, Colorado, Kentucky, and New Jersey. 12 blue/12 red/9 purple The states allege that Meta deliberately designed Facebook and Instagram to be addictive to children and teens, fueling a youth mental health cri...

DR1 THINGS WE MISSED The meritocracy is still a lie: ‘ Don’t look at the résumé ’: Elon Musk admits he’s ‘fallen prey’ to flashy credentials and says conversation matters most when hiring “Generally, what I tell people—I tell myself, I guess, aspirationally—is, don’t look at the résumé,” he said. “Just believe your interaction. The résumé may seem very impressive…but if the conversation after 20 m...

Story of the Week (DR): JP Morgan’s news week The Lurid Lawsuit, Salami Scandal and Trash-Can Thief Vexing JPMorgan’s PR Department AND Meme of ' JPMorgan's HR Department in 2026 ' Has People in Stitches Amid Sex Scandal and Knicks Bin Incident She Stole a Knicks Trash Can Off the Street and Lost Her Job at JPMorgan The Trash Bin That Cost Her Career: Who Is Angie Báez? JPMorgan DEI Executive Fire...

DR1 Our Tech Overlords In our 'Elon Musk's alibi to police was, "It couldn’t be my fault; I haven’t been at Tesla since they passed my pay package."' headline of the week. Tesla Under Fire After Car Smashes Into Texas Home and Kills 76-Year-Old Grandmother ***************  In our 'Hello, my name is Jeff, I have a younger brother and sister, my favorite food is Betty Crocker pancakes, and I am...

Story of the Week (DR): Big Media Dictatorship Craziness MM Justice Department Decision to Allow Paramount Deal Surprised Staff Investigators and US approval of Paramount/Warner Bros. deal surprised DOJ lawyers and The UFC’s Despicable Night at the White House Senior Justice Department officials suddenly closed an eight-month antitrust investigation and approved Paramount’s $111 billion acquisitio...

Story of the Week (DR): SuperBroIpoDystopia: Some key facts: MM a record-breaking $135 per share with$1.8T valuation To make that math make sense, analysts estimate the company needs to grow its sales by 50% every single year for the next decade SpaceX lost  $4.9B last year Wall Street is Being Treated Like Order-Takers: Musk pre-set the IPO price strictly at $135 and dictating exactly which...

DAMION Carnival Corporation's data breach exposed personal data of nearly 6 million customers: An April social engineering attack on an employee account compromised names, dates of birth, and government-issued ID numbers. WHO DO YOU BLAME Skills: Technology & Cybersecurity: Experience with information technology and cybersecurity matters is increasingly important to mitigate the risks our busi...

Story of the Week (DR): BP ousts chair over ‘serious’ governance, oversight concerns MM The board said the decision was unanimous. In a statement, Amanda Blanc, BP's senior independent director, described the board as having been caught off guard by what it found: "The board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken...

ESG Stuff BP removes chairman Albert Manifold over governance issues 9 The board said the decision was unanimous. In a statement, Amanda Blanc, BP's senior independent director, described the board as having been caught off guard by what it found: "The board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action."...

The Good Game Former Google CEO Eric Schmidt booed by graduates at mention of AI And yet: College students are booing commencement speakers celebrating AI, but the wave of hate hasn’t stopped them from using it to cheat on their exams Elon Musk loses court battle against Sam Altman and OpenAI after 3-week trial A federal jury in Oakland, California, on Monday said Elon Musk waited too long to sue...

Story of the Week (DR): Trump is bringing Tim Cook, Elon Musk, and a dozen other CEOs to Beijing for his Xi summit Technology & AI Elon Musk – CEO, Tesla and SpaceX Tim Cook – CEO, Apple Jensen Huang – CEO, Nvidia (joined as a last-minute addition after a personal call from the President) Cristiano Amon – CEO, Qualcomm Sanjay Mehrotra – CEO, Micron Technology Dina Powell McCormick – President,...

DR Coinbase cuts headcount by 14% citing AI acceleration. The shares are gaining Coinbase cuts headcount by 14% citing AI acceleration WHO DO YOU BLAME? Cofounder/CEO/Chair Brian Armstrong: 49.6% voting power MM In 2020, amidst global protests for racial justice, Armstrong issued a blog post that effectively banned employees from discussing social issues or activism at work: "We don't advocate for...

Story of the Week (DR): Happy (?) May Day MM May Day 2026 : Top CEO pay increased 20 times faster than workers’ pay in 2025 Rivian Sold 42,247 Cars And Paid Its CEO [RJ Scaringe] $403 Million , Or 15 Jim Farleys Comcast Co-CEO Mike Cavanagh Lands $72 Million Pay Package For 2025 Google co-founder [Sergey Brin] rips California billionaire tax: ' I fled socialism ' ONE-TIME wealth tax: The proposal...

Regal Renord [sic] Corporation Names Aamir Paul As New CEO IN: Louis Pinkham (24%) will also resign from the Board of Directors effective on his last day as CEO. IN IN: Because of Chair Rakesh Sachdev (15%) OUT A powerful counterpoint to a new CEO’s power Axalta Coating Systems (27%) Herc Holdings (14%) Edgewell Personal Care (13%) OUT: “On October 29, 2025, the Company announced that Mr. Pinkham,...

Story of the Week (DR): Apple names John Ternus as CEO to replace Tim Cook , who will become chairman Apple CEO Tim Cook is stepping down Meet John Ternus, the 51-year-old former swimming champ who will succeed Tim Cook as Apple CEO Tim Cook to step down as Apple CEO. In letter, describes 15 years of emails Tim Cook’s exit is part of a CEO reckoning sweeping Corporate America Are internal CEOs the...

DR1 In our 'And in the biggest leadership transition of 2026' headline of the week. RPM Announces Appointment of Thomas C. Gentile, III to Board of Directors ***************  In our 'When we told shareholders that keeping Jay Hoag on the board was in the best interests of shareholders right after they voted him off the board. Haha, suckers.' headline of the week. Reed Hastings Reveals His 'Al...

Story of the Week (DR): Sneaker Company Allbirds Plans to Pivot to A.I. Yes, A.I. MM After selling its business for $39 million last month, the company said it planned to buy powerful computer chips and rebrand itself NewBird AI. Allbirds is ditching years of clean and green street cred Each share of Class A common stock is entitled to one vote on each proposal and each share of Class B common sto...

DAMION Booking.com warns customers of hack that exposed their data : WHO DO YOU BLAME? CEO Glenn D. Fogel (2017-); no background in tech Cybersecurity Subcommittee (Chair) Larry Quinlan MM Global Chief Information Officer (2010 - 2021) Deloitte; but what was 2021 like Covid and masks? DEI hire Cybersecurity Subcommittee member Nicholas J. Read (2018-): Technology not listed as qualification. ...

Story of the Week (DR): Jeff Shell , president and board director at Paramount Skydance, is stepping down after allegations of SEC violations Shell 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...

The Good Game Activist 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 propos...

Story of the Week (DR): Elon Musk's SpaceX set to go public in $1 trillion share listing Elon Musk’s rocket and satellite company SpaceX has confidentially filed for an initial public offering with the Securities and Exchange Commission The 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...

Air Canada CEO [Michael Rousseau] to step down in 2026 amid recent controversy over French-language skills The Board of Directors of Air Canada has announced that President and Chief Executive Officer Michael Rousseau will retire by the end of the third quarter of 2026, following nearly two decades with the airline. Did the official press release mention the crash? Did the official press release m...

Story of the Week (DR): Meta and YouTube Found Negligent in Landmark Social Media Addiction Case : A jury found the companies harmed a young user with design features that were addictive and led to her mental health distress. DR Historic Financial Penalties New Mexico: A jury ordered Meta to pay $375M in civil penalties ($5,000 per violation) for misleading the public about child safety. Los Angel...

Trump despises wind farms so much he’s paying a French energy giant $1 billion to stop building them and invest in natural gas instead TotalEnergies says it will instead invest in the development of oil and gas production in the U.S. Larry Fink says today’s economic anxiety stems from people increasingly feeling like capitalism isn’t working for them "Statement on the Purpose of a Corporation" was...

Story of the Week (DR): The dangers of not pouring water over your dropped out campfire: Travis Kalanick sees benefits of being in stealth mode for 8 years. ‘You build a culture of people that want to build and do not need to be famous’ While studying at UCLA, Kalanick was a member of Theta Xi fraternity. In 1998, he dropped out Only people mentioned all former Uber bros: CTO Brian Attwell: CloudK...