THE GOOD GAME, with DOJ vs. Live Nation, Glass Lewis says no to Elon, and a director throwdown: Top Five CEO Payers

Live from the ISS Egg Skeptic Omelet Maker, it’s an all-new terrific Tuesday edition of Business Pants. Joined by Ari The Data Queen and Analyst-Hole Matt Moscardi! In today’s mental breakdown called May 28, 2024: The Good Game and the Top 5 List Throwdown show

Our show today is being sponsored by Free Float Analytics, the only platform measuring board power, connections, and performance for FREE. If you are curious if your directors actually generate shareholder returns and how big the gender power gap is, go to freefloatanalytics.com and sign up.

GOOD GAME

1. Adam Neumann gives up on his plan to buy back WeWork

2. French people are being told to 'drive like a woman' to reduce traffic deaths

3. 3M shareholders vote down executives' pay packages in annual meeting

4. LEGO Group Ties Bonuses for All Employees to Emissions Reduction Goals

5. There are too many ‘Dicks’ in the boardroom

6. A trillion cicadas will emerge in the next few weeks. This hasn’t happened since 1803.

7. A union for Boeing workers is set to give them training on whistleblower laws, saying staff are being punished for speaking out

8. CalPERS to vote against all 12 Exxon directors, citing lawsuit

9. US sues Ticketmaster owner Live Nation and seeks break-up of alleged monopoly

10. Colorado becomes first state to try to regulate AI’s hidden role in hiring, housing and medical decisions

11. Glass Lewis urges Tesla shareholders to block Musk’s $56 billion pay

1. Also no on Kimball and reincorporation

12. Sam Altman's tech villain arc is underway

MATT

List throwdown:

In honor of what will inevitably be the reupping of Musk’s $50bn pay package, and probably approving the granting of every investor’s firstborn white male baby to our Technoking, here are the TOP FIVE CEO PAYERS!

• US large caps

• Must be on at least 3 boards in our database between 2017-2024

• Is a current pay chair

• CEO pay ratio across all boards ranks in the bottom 20 percent of directors globally

5. Ray Wilkins

• Caterpillar AND Valero pay chair

• Bats .109 on CEO pay ratio (his collective CEO Pay ratio is in the 89th percentile of all peers)

4. Carla Harris

• Walmart pay Chair - you can’t stop this one, dual class

• 3 boards

• Cummins, Walmart, Metlife active

• Bats 0.100

3. Kim Fennebresque

• Ally Financial AND Albertsons pay chair

• 4 boards

• Bluelinx, Bawag, Ally, Albertsons

• Bats 0.095

2. Nanci Caldwell

• Procore Technologies Pay Chair

• 4 boards

• CIBC, Equinix, Procore active

• Bats 0.086

1. Paul Gould

• Warner Bros pay chair

• 3 boards

• WB, Liberty Global, Liberty LatAm

• Bats an ABYSMAL 0.062 - he ranks in the bottom 1% (or, conversely, he pays ALL his CEOs across 3 boards in the 99th percentile relative to peers on a median employee ratio basis)