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FRIDAY WRAP: WWE government, Jaguar and the non-US anti-woke movement, airline CEO blowhards
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Introduction
LIVE 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 monopoly
The 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 Thanksgiving
Trump's new administration should 'not tolerate' the level of cyber attacks coming from Russia and China, Microsoft president says
The AI Effect: Amazon Sees Nearly 1 Billion Cyber Threats a Day
News Corp Shareholders Reject Activist Bid to End Dual-Class Share Structure
An 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% FOR
Subtract Rupert’s shares: 64% FOR
The 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. MM
The billionaire professional wrestling mogul served on the Connecticut Board of Education for a year starting in 2009
At 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 PoC
9 women: 7 blond and 2 brunettes