FRIDAY WRAP: Did accountability die in capital markets? Plus, CEOs win, climate passes, and monkeys escape

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):

1. Trump’s victory adds record $64bn to wealth of richest top 10 MM

1. Stock market euphoric over Trump win

2. Share surge increases Elon Musk’s fortune by $26bn in a day as Jeff Bezos, Sergey Brin and Bill Gates also benefit

3. Coinbase CEO Brian Armstrong is more than $2 billion richer after post-election stock pop

4. Tesla hits $1 trillion market cap as stock rallies after Trump win

5. Wall Street scores political victory with a Trump win: 'This should aid all banks'

6. Tech CEOs Eagerly Grovel at the Feet of Trump

7. CEOs including Satya Nadella and Sam Altman are lining up to congratulate Donald Trump on his election victory

8. Goldman Sachs CEO congratulates Trump on election victory, calls for unity

2. After Trump Took the Lead, Election Deniers Went Suddenly Silent

1. Trump supporters spent years fomenting concern about election integrity. On Tuesday, they set it all aside.

Goodliest of the Week (MM/DR):

1. DR: Climate Initiatives Fare Well Across the Country Despite National Political Climate MM

1. Washington voters on Tuesday firmly rejected a measure to overturn the state’s signature climate law

2. California voters also voiced their support for strong action on climate, approving a $10 billion bond measure to boost climate resilience

3. A ballot initiative in Honolulu, Hawaii, creating a climate resiliency fund passed

4. 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

5. A ballot measure in South Dakota aimed at easing the construction of carbon dioxide pipelines was squarely rejected 

2. DR: Workers in Missouri can look forward to raises after minimum-wage boosts passed

1. voters opted to raise the state's minimum wage to $15 (from $12.30) an hour by 2026.

3. DR: Nissan to cut 9K jobs, reduce CEO's monthly pay by 50% as company faces 'severe situation'

1. CEO Makoto Uchida volunteered to immediately begin forfeiting half of his monthly compensation, and other executive committee members also volunteered to take pay cuts.

4. Boeing strike ends after workers vote to accept “life-changing” wage increase DR

1. Members of the IAM had been fighting for a 40% bump. The initial agreement gave workers a 25% wage increase over its four-year lifetime. The final agreement gave them a 38% raise.

2. It is common for collective bargaining agreements to give workers a bonus upon ratification. The initial agreement would have given workers a $3,000 bonus. The final agreement gave them a $7,000 bonus plus a $5,000 401(k) contribution.

3. The initial agreement offered a 75% company match on the first 8% of workers’ contributions to their 401(k) plans. The final agreement gave them a 100% company match on the first 8% of their contributions.

5. MM: Intel says it's bringing back free office coffee to boost morale after a rough year

Assholiest of the Week (MM):

1. America

1. We did this already and it was literally horrible for everyone

2. CEOs

1. CEOs are clamoring for bodyguards as the world feels more dangerous, a top security boss says

2. Republican mega-donors asked their employees who they will vote for in survey

3. Jeff Bezos' net worth hits all-time high fueled by Amazon shares getting Trump bump

4. Warren Buffett and Jensen Huang stayed quiet on the election—and their fortunes have rallied more than $12 billion

3. Accountability

Headliniest of the Week

1. DR: Olivia Rodrigo Says She Would Never Date a Man Who Wants to Go to Space

2. MM: Police Warn Residents to Lock Down Houses as Dozens of Monkeys Escape Research Facility

Who Won the Week?

1. DR: Black Women break a barrier in U.S. Senate, winning two seats

1. Two Black women, Angela Alsobrooks and Lisa Blunt Rochester, have won US Senate seats representing Maryland and Delaware, breaking another barrier in a 235-year-old institution long dominated by White men.

2. Only 12 Black people have served in the Senate, and only three of them have been women. Never before have two Black women been seated at the same time

2. MM: Cloned ferrets: Cloned Endangered Ferret Gives Birth to Healthy Offspring

Predictions

1. DR: I feel bad for a while

2. MM: There was the Trump trade - people buying oil stocks, bitcoin, etc - but now there’s the White Man trade.  Investors target voting out black women on boards to add insult to injury!