Episode Details

Story of the Week (DR):

Sneaker Company Allbirds Plans to Pivot to A.I. Yes, A.I. MM

After selling its business for $39 million last month, the company said it planned to buy powerful computer chips and rebrand itself NewBird AI.

Allbirds is ditching years of clean and green street cred

Each share of Class A common stock is entitled to one vote on each proposal and each share of Class B common stock is entitled to ten votes on each proposal

Classified: one Class I director to hold office until the 2028 Annual Meeting

AI/technology experience on board: ZERO

Voting power

Cofounder/former CEO/director Joseph Zwillinger (24%)

VC dude: B.S. in Industrial Engineering and Operations Research; M.B.A. Wharton; director since 2015

Cofounder/former CEO/director Timothy Brown (27%)

Former soccer player: B.S. in Design; M.Sc. in International Management; director since 2015 

Director Dan Levitan (33%)

VC dude: B.A. in history from Duke University and an M.B.A. from Harvard; director since 2016

Lead independent director and “effective chairperson” Dick Boyce (4%)

VC dude; B.S.E from Princeton and M.B.A. from Stanford; director since 2016

2 whole women

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