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BIZ NUGGETS: Toyota’s DEI flipflop, not WeWork WeWork, AI #x3E; climate change, and the Buzzfeed obsession
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Live from Alabama’s Anti-ESG unscented Rose Garden, it’s an all-new terrific Tuesday edition of Business Pants. Joined by Analyst-Hole Matt Moscardi! In today’s ESG-sized onesie called October 8, 2024: BIZ NUGGETS!
Our show today is being sponsored by Free Float Analytics, the only platform measuring board power, connections, and performance for FREE.
DAMION1
In our 'Because it's 2024 and "Hey, why don't you just save on gas and buy a Chevy Bolt" is just too damn complicated' headline of the week. Uber to launch AI assistant powered by OpenAI's GPT-4o to help drivers go electric
In our 'Spotify co-founders Daniel Ek and Martin Lorentzon announce that shareholders ARE children and that's why they own about 25% of actual shares but about 75% of voting power' headline of the week. Spotify’s HR chief says remote staff aren’t ‘children’ as company reaffirms work-from-anywhere policy
In our 'Boeing wishes it had Qantas's problems' headline of the week. Qantas apologizes after R-rated movie played to passengers on Sydney to Tokyo flight
In our 'What type of card do I buy for a patriarchy where 0.8% of CEOs are women?' headline of the week. Women in Asia are slowly starting to break through historic barriers to the top of the corporate world
In our '3M board planning to drop commitment to Reduce Emissions Across the Value Chain by More than 40% by 2030 by 2026' headline of the week. 3M Commits to Reduce Emissions Across the Value Chain by More than 40% by 2030
MATT1
In our 'Keep the oily parts' headline of the week. Big Oil Urges Trump Not to Gut Biden’s Climate Law
They really like some of the carbon capture funding. Oh, also, the global record $7 trillion in oil subsidies, many of which stayed in the bill, they're cool too
In our 'What if we call it "outdoor air conditioning upgrades" or "enhancing nature's HVAC"?' headline of the week. Most CEOs Sticking with Climate Strategies, but Changing How they Communicate it: KPMG Survey
In our 'Dog rescinds promise not to pee on the rug' headline of the week. BP drops goal to reduce oil and gas output
In our 'Board members everywhere shocked to find out they're just average using Free Float Analytics data' headline of the week. 7 out of 10 employees dangerously underestimate or overestimate their skill levels, new analysis finds
74% of active directors have historically delivered between the 40th and 60th percentile of TSR in whatever industry board they sit on. Th