Episode Details

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DAMION

Amazon to announce largest layoffs in company history, in AI push. WHO DO YOU BLAME?

Former CEO Jeff Bezos

AI

Covid (This wave of layoffs results from overhiring during the pandemic)

Executive Chair and largest shareholder Jeff Bezos

F5 Expects Revenue Hit From Cyber Attack. F5, a $20B billion technology company with impressive gross profit margins of 81%, experienced a cybersecurity incident involving unauthorized access to certain company systems by a sophisticated nation-state threat actor. WHO DO YOU BLAME?

The Risk committee: Dreyer, Klein, Montoya, Budnik*

Chair Marianne Budnik is deemed to have Cybersecurity experience because she serves as a Chief Marketing Officer in the cybersecurity industry

Peter Klein was the CFO at Microsoft for less than 4 years, then was the CFO for WME for 6 months and then has only been a director since 2014.

Risk committee member Michael Montoya specifically. F5 revealed that the director mysteriously resigned in the same filing it disclosed the cyberattack, despite having served for only 4 years. According to the proxy, had “extensive experience as an information security executive.” Following his resignation from the Board, Mr. Montoya continued his service with the Company and has been appointed as F5’s Chief Technology Operations Officer.

The entire board, for doing dumb modern day board things: announced that CEO François Locoh-Donou, would assume the additional role of Chair of the Board following the Company’s next Annual Meeting of Shareholders 12 days after they announced the cyberattack.

Investors. 98% YES average this year: 7 over 99.2%, including Risk Committee Chair Marriane Budnik with 99.6%. Nobody feels like they have to work hard to impress anyone

F5! It’s a god damn cybersecurity company!

How climate change is fuelin