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FRIDAY WRAP: Did accountability die in capital markets? Plus, CEOs win, climate passes, and monkeys escape
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Introduction
LIVE 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 stuff
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):
Trump’s victory adds record $64bn to wealth of richest top 10 MM
Stock market euphoric over Trump win
Share surge increases Elon Musk’s fortune by $26bn in a day as Jeff Bezos, Sergey Brin and Bill Gates also benefit
Coinbase CEO Brian Armstrong is more than $2 billion richer after post-election stock pop
Tesla hits $1 trillion market cap as stock rallies after Trump win
Wall Street scores political victory with a Trump win: 'This should aid all banks'
Tech CEOs Eagerly Grovel at the Feet of Trump
CEOs including Satya Nadella and Sam Altman are lining up to congratulate Donald Trump on his election victory
Goldman Sachs CEO congratulates Trump on election victory, calls for unity
After Trump Took the Lead, Election Deniers Went Suddenly Silent
Trump 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 MM
Washington voters on Tuesday firmly rejected a measure to overturn the state’s signature climate law
California voters also voiced their support for strong action on climate, approving a $10 billion bond measure to boost climate resilience
A ballot initiative in Honolulu, Hawaii, creating a climate resiliency fund passed
Louisiana 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 Fund
A ballot measure in South Dakota aimed at easing the construction of carbon dioxide pipelines was squarely rejected
DR: Workers in Missouri c