Jamie Dimon says death to ISS, billionaire snowflakes, board burnout, CEOs feel “stuck” by Trump

1. ‘Incompetent:’ Jamie Dimon unloads on proxy advisor ISS 10

   The JPMorgan chief described Institutional Shareholder Services and Glass Lewis as “incompetent” in an interview with Semafor on stage at BlackRock’s retirement summit in Washington Wednesday.

1. Jamie Dimon said Glass Lewis and Institutional Shareholder Services (ISS) should be “gone and dead and done with”, as he also launched an attack on those who pay for their services.

2. In an interview with Semafor at Blackrock’s retirement summit, Mr Dimon said: “Anyone who gives them money – shame on you.”

3. He said ISS and its smaller rivals have contributed to a regulatory environment that is “driving companies out of the public market.”

1. Maybe he can blame the SEC? Maybe he can blame the Sarbanes Oxley securities law overhaul in 2003

2. The actual decline started in 1996

3. If you adjust for merger-adjusted listed dynamics, however, than the number has been relatively flat since 2000

2. Elon Musk says Larry Ellison and Jeff Bezos are among the smartest people he's ever met 10

3. Carney Eliminates Canada’s Consumer Carbon Tax 0

1. Introduced in 2019, the fuel charge aimed to introduce a price on carbon for businesses and consumers in order to incentivize emissions reductions and to adopt cleaner technologies and products.

2. The elimination of the fuel charge follows a campaign by Canada’s Conservative Leader Pierre Poilievre over the past several months against the carbon tax, as consumers faced high inflation. Despite championing the carbon tax in the past, Carney’s campaign for Liberal party leadership acknowledged that it “isn’t working and has become too divisive,” and pledged to cancel it.

4. FanDuel launches a streaming show about the dangers of gambling. You read that right. 10

5. Robinhood launches prediction markets hub 5

1. Robinhood on Monday launched a prediction markets hub in its app that allows customers to trade on event outcomes, including the expected upper limit of the Federal Reserve funds rate in May.

2. Event contracts have exploded in popularity since the U.S. presidential election. These contracts allow traders to bet on specific outcomes, offering opportunities to profit from predictions on everything, from sports and entertainment to politics and the economy.

3. Here’s a prediction: co-founders Vladimir Tenev (26%) and Baiju Bhatt (37%) will dominate voting rights for as long as they feel like it.

4. Also here’s another prediction: based on Tenev’s personal security services ($1,515,528) vs. Bhatt’s ($697,619), Baiju Bhatt is more likely to be kicked in the balls before the company’s next annual meeting. Or wait, is it more likely that Vladimir Tenev gets kicked in the balls because the company deems him more than twice as hateable?

6. AI that can match humans at any task will be here in five to 10 years, Google DeepMind CEO says 0

1. Human Intelligence Sharply Declining 10

7. Board burnout is a major risk to all companies—Here’s how they can protect their top directors 100

1. Take control of your time

1. As a whole, boards ought to evaluate how they use their meeting time, says Christine Barton, who leads BCG’s CEO Advisory practice in North America. They can begin by managing their minutes strategically. She has found that directors are craving more time without company management present.

2. Zoom out

1. New directors can particularly benefit from perspective-taking, says Barton. A board’s onboarding process should include a high-level briefing on the company’s position relative to competitors in the field. “That gives them a framing of what really matters for the industry and what really matters for the enterprise,” she says.

3. Stay human

1. On an individual level, directors who want to ward off exhaustion should not only set boundaries, but plan for recovery periods, says Patricia Grabarek, an organizational psychologist and author of the forthcoming book Leading for Wellness.

2. Finally, directors should be mindful about looking after each other, says the NACD’s Gleason, who advises that boards “create an atmosphere of checking in.” Many people sit on several boards at once, he notes, and could be facing pressures as directors and in their personal lives. Mitigating the risk of burnout means “checking in with your fellow directors,” he says, “having a conversation and making sure that there aren’t 50 things on their plates so they can’t participate the same way they used to.”

8. As Tesla tanks, Musk’s hand-picked board chair is doing just fine 5

1. Elon Musk’s EV company is struggling as he plunges into politics. Robyn Denholm, the Australian chair of Tesla, is thriving after cashing in half a billion dollars of the stock. Investors are clamoring for her to rein in the world’s richest man – but some question whether she has the independence to do so.

2. “She’s just paid too much,” Nell Minow, a corporate governance expert and Tesla shareholder

3. Man Tries to Set Tesla Chargers on Fire, Accidentally Sets Himself on Fire As Well

9. CEOs say they feel stuck as they wait for the dust to settle from Trump's on-again, off-again tariffs 2

1. "We knew there were changes coming, [but] we did not expect them to be rolled out/forced upon us in this fashion, nor did we expect to see Canada and Mexico to be countries that would be affected by these tariffs," one CEO who spoke to the magazine said.

10. The Board of Directors of Harvia Plc have decided on a new performance period for the Long-term Performance Share Plan for the key employees 8

1. The Board of Directors of Harvia Plc has decided on March 10th, 2025 to continue the Long-term Performance Share Plan for the management team and other key employees for the performance period 2025-2027.