IntroductionLIVE from your ESG crying towel, it’s a Business Pants Friday Show here at November 8th Studios, featuring all your favorites: AnalystHole Matt Moscardi. On today’s weekly wrap up: a former CEO beats a glass cliff CEO and a bunch of other depressing stuffOur show today is being sponsored by Free Float Analytics, the only platform measuring board power, connections, and performance for FREE.Story of the Week (DR):Trump’s victory adds record $64bn to wealth of richest top 10 MMStock market euphoric over Trump winShare surge increases Elon Musk’s fortune by $26bn in a day as Jeff Bezos, Sergey Brin and Bill Gates also benefitCoinbase CEO Brian Armstrong is more than $2 billion richer after post-election stock popTesla hits $1 trillion market cap as stock rallies after Trump winWall Street scores political victory with a Trump win: 'This should aid all banks'Tech CEOs Eagerly Grovel at the Feet of TrumpCEOs including Satya Nadella and Sam Altman are lining up to congratulate Donald Trump on his election victoryGoldman Sachs CEO congratulates Trump on election victory, calls for unityAfter Trump Took the Lead, Election Deniers Went Suddenly SilentTrump supporters spent years fomenting concern about election integrity. On Tuesday, they set it all aside.Goodliest of the Week (MM/DR):DR: Climate Initiatives Fare Well Across the Country Despite National Political Climate MMWashington voters on Tuesday firmly rejected a measure to overturn the state’s signature climate lawCalifornia voters also voiced their support for strong action on climate, approving a $10 billion bond measure to boost climate resilienceA ballot initiative in Honolulu, Hawaii, creating a climate resiliency fund passedLouisiana voters overwhelmingly passed a constitutional amendment that requires any revenue received by the state from renewable energy production to be deposited into Louisiana’s Coastal Protection and Restoration FundA ballot measure in South Dakota aimed at easing the construction of carbon dioxide pipelines was squarely rejected DR: Workers in Missouri can look forward to raises after minimum-wage boosts passedvoters opted to raise the state's minimum wage to $15 (from $12.30) an hour by 2026.DR: Nissan to cut 9K jobs, reduce CEO's monthly pay by 50% as company faces 'severe situation'CEO Makoto Uchida volunteered to immediately begin forfeiting half of his monthly compensation, and other executive committee members also volunteered to take pay cuts.Boeing strike ends after workers vote to accept “life-changing” wage increase DRMembers of the IAM had been fighting for a 40% bump. The initial agreement gave workers a 25% wage increase over its four-year lifetime. The final agreement gave them a 38% raise.It is common for collective bargaining agreements to give workers a bonus upon ratification. The initial agreement would have given workers a $3,000 bonus. The final agreement gave them a $7,000 bonus plus a $5,000 401(k) contribution.The initial agreement offered a 75% company match on the first 8% of workers’ contributions to their 401(k) plans. The final agreement gave them a 100% company match on the first 8% of their contributions.MM: Intel says it's bringing back free office coffee to boost morale after a rough yearAssholiest of the Week (MM):AmericaWe did this already and it was literally horrible for everyoneCEOsCEOs are clamoring for bodyguards as the world feels more dangerous, a top security boss saysRepublican mega-donors asked their employees who they will vote for in surveyJeff Bezos' net worth hits all-time high fueled by Amazon shares getting Trump bumpWarren Buffett and Jensen Huang stayed quiet on the election—and their fortunes have rallied more than $12 billionAccountabilityHeadliniest of the WeekDR: Olivia Rodrigo Says She Would Never Date a Man Who Wants to Go to SpaceMM: Police Warn Residents to Lock Down Houses as Dozens of Monkeys Escape Research FacilityWho Won the Week?DR: Black Women break a barrier in U.S. Senate, winning two seatsTwo Black women, Angela Alsobrooks and Lisa Blunt Rochester, have won US Senate seats representing Maryland and Delaware, breaking another barrier in a 235-year-old institution long dominated by White men.Only 12 Black people have served in the Senate, and only three of them have been women. Never before have two Black women been seated at the same timeMM: Cloned ferrets: Cloned Endangered Ferret Gives Birth to Healthy OffspringPredictionsDR: I feel bad for a whileMM: There was the Trump trade - people buying oil stocks, bitcoin, etc - but now there’s the White Man trade. Investors target voting out black women on boards to add insult to injury!
