IntroductionLIVE from Vanguard’s "Mirror Voting Policy", it’s a Business Pants Friday Show here at November 22nd Studios, featuring AnalystHole Matt Moscardi. On today’s weekly wrap up: DEI and Meritocracy Shark Jumping, no more Jaguars for blue-collar America, A-Holey (or is it A-Holy) investors, Will the real Elon Shady please stand up?Our 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):DOJ says Google must sell Chrome to crack open its search monopolyThe Department of Justice says that Google must divest the Chrome web browser to restore competition to the online search market, and it left the door open to requiring the company to spin out Android, too.Stop & Shop cybersecurity issue empties shelves before ThanksgivingTrump's new administration should 'not tolerate' the level of cyber attacks coming from Russia and China, Microsoft president saysThe AI Effect: Amazon Sees Nearly 1 Billion Cyber Threats a DayNews Corp Shareholders Reject Activist Bid to End Dual-Class Share StructureAn advisory, nonbinding stockholder proposal requesting that the Board take the necessary steps to adopt a recapitalization plan that would eliminate the Company’s dual-class capital structure failed to pass as follows:35% FORSubtract Rupert’s shares: 64% FORThe Murdoch family controls 41% of company votes, despite having a 14% stake in the company.Has Meritocracy jumped the shark? Linda McMahon, President-elect Donald Trump's pick for education secretary: Trump's education secretary nominee once said she had an education degree. She doesn't. MMThe billionaire professional wrestling mogul served on the Connecticut Board of Education for a year starting in 2009At the confirmation hearing in 2009, she said education was her passion and that her work as CEO of the WWE taught her "firsthand the skills Connecticut students need to obtain through education to be successful."Stepped down for this:McMahon is now facing fresh scrutiny for incorrectly claiming in a vetting questionnaire before being nominated to serve on the state Board of Education in early 2009 that she had earned a degree in education from East Carolina University in 1969; it was actually in French.Member of board of trustees for Sacred Heart University in Connecticut (2004-2017)McMahon also co-founded the conservative research group America First Policy Institute in April 2021, which says its mission is to "provide sound research and carefully crafted policy recommendations to advance the America First agenda"Leadership Team: 15 white people/0 PoC9 women: 7 blond and 2 brunettesTrump’s Education Secretary Pick Named in Sexual Abuse LawsuitA recent lawsuit alleges Linda McMahon knowingly enabled the sexual exploitation of children by a World Wrestling Entertainment (WWE) employee as early as the 1980s.Work Advice: I’m uncomfortable with our CEO invoking Jesus in meetingsReader: I’m a mid-level executive for a publicly traded company. I’ve been here four years, and I hope to stay until I retire about 10 years from now.However, I feel increasingly uncomfortable when my CEO, a devout Christian whose family has owned the company since its founding a century ago, begins each meeting or company event with a Christian prayer. These are innocuous prayers that revolve around the health and safety of employees, their families, and our clients. But they always end the same way: “In Christ’s name, amen.” I’m frequently the only one in the room who doesn’t bow my head.Goodliest of the Week (MM/DR):DR: Anti-woke shark jumping? MMJaguar dubbed 'Bud Light 2.0' after releasing modernist rebranding ad with androgynous models, no carsJaguar Rebrand Sparks Confusion, Angers Anti-‘Woke’ Critics—Including Elon Musk And Andrew TateTexas AG opens investigation into advertising group that Elon Musk sued for 'boycotting' XPro-family Volvo ad celebrated on social media following Jaguar rebrand backlashTexas governor orders state agencies to sell China assetsVolvo Car AB top shareholder: Eric Li (via Zhejiang Geely Holding Group Co., Ltd.) - 79%Jaguar Land Rover Automotive PLC top shareholder: Tata Motors Limited (which is controlled by Tata Sons Limited)DR: Bluesky CEO Jay Graber says X rival is ‘billionaire proof’“The billionaire proof is in the way everything is designed, and so if someone bought or if the Bluesky company went down, everything is open source,” Graber said. “What happened to Twitter couldn’t happen to us in the same ways, because you would always have the option to immediately move without having to start over.”Assholiest of the Week (MM):News Corp investors36% of non Murdoch investors wanted to stick with dual class structureIf we assume the top two investors that aren’t Murdochs - Independent Franchise Partners and SOF Ltd (who was founded by a Murdoch friend) - vote with the Murdochs, 17% of non Murdoch ...
