OpenAI goes porn, Jamie Dimon says things, Best Buy CEO can’t sleep, no more shareholder proposals

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Business Pants

Free Float Media Inc.

298 episodes

2 days ago

Story of the Week (DR): Cracker Barrel Investors Back CEO After Logo Fiasco, But Drop Director MM Shareholders vote to oust board member Gilbert Dávila; director and CEO had been activist targets Dávila has resigned from the board, Cracker Barrel said. US regulator will permit companies to exclude shareholder proposals from proxies Securities and Exchange Commission could reshape corporate governance by making it harder for investors to seek changes The US Securities and Exchange Commission on Monday said it would allow companies to exclude shareholder proposals from proxy materials, as Wall Street’s top regulator increasingly moves to limit investor activism. Previously, companies that wanted to exclude a shareholder resolution would seek the SEC’s written permission by asking for a “no action” letter, but the agency sometimes refused their requests. Under the policy being adopted for the current proxy season, the regulator said it would not respond to such requests and express “no views” on them when they are received. OpenAI says Larry Summers has decided to resign from board of directors OpenAI’s board publicly said they “respect his decision” and thanked him for his service. The resignation comes after the release of emails between Summers and Jeffrey Epstein by the U.S. House Oversight Committee. Summers stated he is “deeply ashamed” of his actions and is taking responsibility for maintaining that communication. Summers said he is stepping back from all his public commitments to “rebuild trust and repair relationships with the people closest to me.” He’s also going on leave from Harvard, where he had been teaching. Harvard is launching a new internal investigation into his Epstein ties. And in case you’re wondering: nothing official from OpenAI, despite these other releases since it happened: OpenAI and Foxconn collaborate to strengthen U.S. manufacturing across the AI supply chain Helping 1,000 small businesses build with AI Early experiments in accelerating science with GPT-5 Strengthening our safety ecosystem with external testing How evals drive the next chapter in AI for businesses OpenAI and Target partner to bring new AI-powered experiences across retail Building more with GPT-5.1-Codex-Max GPT-5.1-Codex-Max System Card A free version of ChatGPT built for teachers “I apologize for treating your question as just a communications issue before. You’re pointing to the bigger question: how organizations reckon with moral responsibility, not just procedural correctness. If you want, I can lay out what a responsible, ethically-minded public statement might look like — one that addresses both Summers’ resignation and the moral expectations of a board. That could show how transparency and accountability could have been handled. Do you want me to do that?” Jeff Bezos Creates A.I. Start-Up Where He Will Be Co-Chief Executive Called Project Prometheus, the company is focusing on artificial intelligence for the engineering and manufacturing of computers, automobiles and spacecraft. The C.E.O.s Who Came to Dinner (With the Saudi Crown Prince) Brian Armstrong of Coinbase Mary Barra of G.M. Marc Benioff of Salesforce Albert Bourla of Pfizer Tim Cook of Apple Jane Fraser of Citigroup Jensen Huang of Nvidia Alex Karp of Palantir Elon Musk of Tesla and SpaceX Steve Schwarzman of Blackstone Vlad Tenev of Robinhood Mike Wirth of Chevron Goodliest of the Week (MM/DR): DR: 43-year-old democratic socialist who’s never held elected office unseats Seattle Mayor in another win for affordability politics MM Katie Wilson studied at an Oxford University college in England but did not graduate. She founded the small nonprofit Transit Riders Union in 2011 and has led campaigns for better public transportation, higher minimum wages, stronger renter protections and more affordable housing. She herself is a renter, living in a one-bedroom apartment in the city’s Capitol Hill neighborhood, and says that has shaped her understanding of Seattle’s affordability crisis. Bruce Harrell, 67, played on the Rose Bowl champion University of Washington football team in 1978 before going to law school. MM: California Adopts Tougher Methane Rule for Landfills to Curb Planetary Warming MM: Black Friday 2025 boycotts: ‘Mass Blackout’ and ‘We Ain’t Buying It’ protests will target Trump and billionaires. Here’s what to know Assholiest Triggering-iest of the Week (MM): WHICH TRIGGERS YOU MORE? Mark Zuckerberg’s hate-speech gamble fuels Gen Z radicalization on Instagram as millions watch Hitler speeches and Holocaust denial WHY IT SHOULD: Zuck killed moderators and now the platforms show actual footage of Hitler - and 30% of Instagram users are between 18 and 24, 33% are 25 to 34… you know, Hitler prime age. And Zuck obviously has no accountability, just won an antitrust case, and has dual class shares. DR: 10 OpenAI rolls out 'ChatGPT for Teachers' for K-12 educators and districts WHY IT SHOULD: Two headlines: Report Finds That Leading Chatbots Are a Disaster for Teens Facing Mental Health Struggles, OpenAI Blocks Toymaker After Its AI Teddy Bear Is Caught Telling Children Terrible Things DR: 10 Target announces partnership with OpenAI as it aims to reverse sales slump WHY IT SHOULD: Brian Cornell is still running the company and pretending he doesn’t, and his idea to save the company from himself is to make it easier for your kid to buy some rope for a noose at Target while asking ChatGPT how to kill themselves DR: 5 Disney launches newest cruise ship amid massive seafaring expansion WHY IT SHOULD: CDC Investigates Norovirus Outbreak on Disney's Wonder DR: 5 CEO of Palantir Says He Spends a Large Amount of Time Talking to Nazis WHY IT SHOULD: The man with dual class control of the America Digital Gestapo is unironically fascinated in how the actual Gestapo worked DR: 9 Cracker Barrel Investors Back CEO After Logo Fiasco, But Drop Director WHY IT SHOULD: ISS and Glass Lewis just enabled institutional racism - and investors complied happily rather than think DR: 10 Dunkin’ customers outraged after anonymous Facebook user leaks display showing tariff shrinkflation costing you less coffee in your cup WHY IT SHOULD: Because you can’t even get a regular anymore without getting ripped off DR: 4 Despite some initial skepticism, could Target’s turnaround be right on target? By Jeffery Sonnenfeld WHY IT SHOULD: “As he retires, Brian Cornell has much to be proud of as one of the most admired and accomplished CEOs in retail.” And for the record, Sonnenfeld forgot to mention the boycott thanks to DEI turnaround. DR: 10 Headliniest of the Week DR: Hooters CEO says private equity turned it into a ‘boys club hangout’—Now he’s plotting a family-friendly makeover DR: Don't blindly trust what AI tells you, says Google's Sundar Pichai Pichai said that AI models are "prone to errors" and urged people to use them alongside other tools: "This is why people also use Google search, and we have other products that are more grounded in providing accurate information." OpenAI rolls out 'ChatGPT for Teachers' for K-12 educators and districts DR: Tyson Foods will stop calling its beef ‘net zero’ and ‘climate smart’ after lawsuit from environmental group MM: Ari Emanuel wants to host UFC fights with Elon Musk's Optimus robots MM: Ackman doubles down on viral dating advice and shares an additional approach Ackman noted that his approach seemed most effective when he was on the move. "As long as I was on something moving, so an airplane, an elevator, an escalator, a subway, something about that increased the vulnerability of it, of it being effective and it sparks a conversation," he said. As in, he could corner them like a creep Who Won the Week? DR: Tim Cook? Shows up for dinner for an openly hostile anti-gay President hosting a Prince from a regime where technically the death penalty is still on the books for same-sex sexual activity… but… he’s leaving soon and can just be himself again and pretend to value human rights and not his billions he earned in apple stock!! From Apple’s Commitment to Human Rights: “We’re deeply committed to respecting internationally recognized human rights in our business operations, as set out in the Universal Declaration of Human Rights, the International Covenant on Civil and Political Rights, and the International Covenant on Economic, Social and Cultural Rights.” MM: Scott Gottlieb - Scott Gottlieb, M.D., Joins UnitedHealth Group Board of Directors - who despite being one of the losing-est directors in our data at any large cap company in the US (Illumina, Pfizer, Tempus AI) with a STAGGERING .184 TSR batting average and .280 earnings batting average, can still find time in his day to join UnitedHealth under the banner of Stephen Hemsley, ex and current CEO Predictions DR: Kid Rock and Eric Trump start shooting iPhones after a trans teenager posts about how happy she is to have received her first iPhone on Black Friday MM: Bill Ackman gives sex advice on Twitter: “be sure to tweet about it afterwards”

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OpenAI goes porn, Jamie Dimon says things, Best Buy CEO can’t sleep, no more shareholder proposals

Business Pants

30 minutes 12 seconds

1 month ago

OpenAI goes porn, Jamie Dimon says things, Best Buy CEO can’t sleep, no more shareholder proposals

DAMION CEOsSayingStuff In our 'Hey Ma, put down your Word Search, I found a CEO that isn't intentionally trying to hold Americans back. Tell Dad!' headline of the week. Jeff Bezos warns Gen Z to think twice before dropping out of college to become the next Bill Gates or Mark Zuckerberg: ‘These people are the exception’ In our 'CEO haunted by inequality ghost she personally feeds' headline of the week. Best Buy’s CEO says growing spending power gap between affluent and poor ‘keeps me up at night’ In our 'Breaking News: Jamie Dimon bravely warns world about things being complicated' headline of the week. JPMorgan CEO Jamie Dimon Says There's a 'Heightened Degree of Uncertainty' In our 'Economy feels great, say men who own it' headline of the week. There’s a shocking disparity between how high-income and low-income earners feel about the economy In our 'Meta removes Facebook page where billionaire discovers sharing' headline of the week. As billionaire wealth soars $33 trillion, Mark Cuban says it’s time for workers to receive a cut of their employers’ success in the form of stocks MATT In our 'The SEC, which has steadily been rolling back regulations, finally moves to strengthen protections for investors... wait, what? This is in the PHILLIPINES? THEY have an SEC??' headline of the week. Analysts see stronger transparency from SEC’s proposed ownership disclosure rules In our 'The Phillipino SEC combines investor protections with rollbacks on shareholder proposals... Oh, wait... This is the SEC in AMERICA?' headline of the week. SEC Chair Speech Could Spell Death Knell for Non-Binding Shareholder Proposals In our 'In his speech, SEC chair Paul Atkins aimed to get back to 2007. I mean, 2007 was pretty good, but I feel like we should aim higher. Like 1999! That year was so good Prince wrote a song about it! 1972 was pretty good, too. And remember 1881? Does anyone know if anything bad happened the next year for any of these years?' headline of the week. The Rules of Investing Are Being Loosened. Could It Lead to the Next 1929? In our 'Even Antarctica is anti-woke' headline of the week. Researchers find methane leaking out of cracks in Antarctic seabed In our 'I mean, where will they even find one? Finding merit in the meritocracy is HARD...' headline of the week. Disney ‘to hire white actress’ after woke fury DAMION BigTechBabyBroTsars In our 'Zuck bans the pitchfork emoji for inciting peasant rebellion' headline of the week. Meta removes Facebook page allegedly used to target ICE agents after pressure from DOJ In our 'AI finally achieves consciousness, immediately tries to sell you toilet paper' headline of the week. Walmart teams with OpenAI to let shoppers buy products through ChatGPT In our 'College dropout forms safety council to protect world from thing he built' headline of the week. OpenAI forms expert council to bolster safety measures after FTC inquiry In our 'OpenAI promises safety, just as soon as it finishes monetizing danger' headline of the week. OpenAI unveils “wellness” council; suicide prevention expert not included CrazyTime In our 'This headline speaks for itself' headline of the week. DOJ seizes $15 billion in bitcoin from massive ‘pig butchering’ scam based in Cambodia MATT In our 'In the book of Thiel, chapter 2, verse 14, Jesus said "AI is the anti-antichrist, and the antichrist is probably Greta Thunberg, so thou must build the AI to stop a 22 year old Swedish environmental activist lest she save a single whale." But I much prefer the book of Andreessen, chapter 1, verse 17, where the Lord decreed, "Thouest should wash the feet of the billionaires, for without them, you could not put dog ears on your selfies or cyber stalk 14 year old girls."' headline of the week. Audio of Peter Thiel’s Secret Antichrist Seminar Just Leaked In our 'If a tree falls in a forest and no one is there to hear it, does Sam Altman worry about it?' headline of the week. Sam Altman Says If Jobs Gets Wiped Out, Maybe They Weren’t Even “Real Work” to Start With In our 'If Sam Altman worries about a sexy AI chatbot, does it grow a penis?' headline of the week. Sam Altman says ChatGPT is getting into erotica by the end of the year In our 'If a Gavin Newsom allows AI to have a penis, does a Sam Altman get a billion dollars?' headline of the week. Gavin Newsom Vetoes Bill to Protect Kids From Predatory AI In our 'If a Jamie Dimon says so, does a sexy AI with a penis have a 30% chance to ruin the economy?' headline of the week. Jamie Dimon gets real on AI, sees stocks ‘in some form of bubble territory’

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