• DEI and manflakes, CEO pay hikes, Microsoft reforests, Air Products, Will Hild’s a middle schooler, and cheese

  • 2025/01/24
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DEI and manflakes, CEO pay hikes, Microsoft reforests, Air Products, Will Hild’s a middle schooler, and cheese

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  • Story of the Week (DR):Trump signed an order ending DEI. Here’s what it means for Fortune 500 companiesTrump’s latest presidential moves mandate government agencies to specifically target companies in the private sector engaged in what it describes as “illegal DEI discrimination and preferences.”Despite the intended chilling effect of these executive moves, multiple legal sources point out that Trump’s order and action do not constitute a change in the law. Rather, the language used in the order simply “enforces longstanding federal civil rights laws,” says Britney N.D. Torres, senior counsel at employment law firm Littler.Trump’s executive moves just mean that companies will have to continue to carefully review their DEI-related policies, practices and initiatives based on longstanding anti-discrimination laws, and make sure they can’t be interpreted in a way that is different from what they intended, she says.This week in Davos, Jamie Dimon reaffirmed JPMorgan’s DEI commitments after the National Legal and Policy Center, a conservative nonprofit, proposed the bank revisit how compensation is tied to the company’s racial-equity goal. “Bring them on,” said Dimon referring to the efforts from right-leaning groups. “We are going to continue to reach out to the Black community, the Hispanic community, the LGBT community, the veterans community.”Will this ever trickle down to JPM leadership?15 on Operating Committee: 1 POC (an Indian man–Sanoke Viswanathan, CEO of International Consumer and Wealth–who came from McKinsey); 7/15 F though so some credit dueBoard: nearly 50% F but a woeful -21% gender gap; no leadership positions on board or top 3 committees: only committees where women have power are Public Responsibility Committee and Risk Committee; 11 on board: 9 WM and 2 BFCan we stop pretending board and shareholder oversight is a thing? DRJPMorgan CEO Dimon's 2024 pay rises 8.3% to $39 million after record profitDisney CEO Bob Iger’s Pay Package Rises 30% to $41.1 Million in 2024 Barclays proposes 45% increase in CEO pay under new bonus-linked scheme Goldman CEO gets big pay boost, and $80 million bonus for another five years at helmI promise I try not to pick Musk, but…‘The gesture speaks for itself’: Germans respond to Musk’s apparent Nazi saluteSome say it was an unambiguous Nazi salute but others are unsure and say focus should be on Musk’s stated support for far-rightStarbucks lead independent director Mellody Hobson to step down Is this the only time in history a lead independent director was named in a headline or even mentioned at all?No more black people on board: no women in leadership positionsGoodliest of the Week (MM/DR):DR: Trump has a message to CEOs: Build in America or pay upDR: This confusing headline: Voters who backed Trump identify new swamp to drain: corporate power“The pendulum has swung so far. Things have gotten so out of line. Companies ought to be able to police themselves and not hurt people, and it’s just gotten way, way out of line. It’s time that it swings back the other way.”DR: Trump’s DOGE department is now down to just one leader after Vivek Ramaswamy steps downMM: Microsoft Signs Forest Restoration Deal to Remove 3.5 Million Tons of CO2 DR MMMM: Jamie Dimon is doubling down on JPMorgan's DEI work as a conservative group targets Wall Street: 'Bring them on'Jamie Dimon says LFG RACISTSAssholiest of the Week (MM):John DeereSee, instead of sticking up for yourself against pretend journalists with zero credibility who cosplay at being ESG analysts but are really just anti gay middle school boys, you caved. You caved and now you have not one, but THREE shareholder proposals in a couple weeksAnd the ONLY one you challenged - the one you tried to exclude from your proxy - was the one by As You Sow, who asked the SAME THING as the National Public Policy Research Consumer Blah Blah BlahNational Legal and Policy Center (8 shares): SHAREHOLDER PROPOSAL ON A REPORT ON RACIAL AND GENDER HIRING STATISTICSAs You Sow (26,000 shares): SHAREHOLDER PROPOSAL ON A REPORT ON EFFECTIVENESS OF EFFORTS TO CREATE A MERITOCRATIC WORKPLACE You also got these anti woke gems:National Center for Public Policy Research ($2,000): SHAREHOLDER PROPOSAL ON A CORPORATE FINANCIAL SUSTAINABILITY REPORT, asking for a new committee to show how committed you are to making moneyBowyer Research (100 shares): SHAREHOLDER PROPOSAL ON A REPORT ON CHARITABLE GIVING, asking for a report on how you don’t give to Southern Poverty Law Center, but they think you might be and they’re discriminating against white religious conservatives and the KKKYou thought, “oh, if we just cut out our DEI stuff and make a press release, they’ll go away… sure, we’ll offend, like, all the black people and women and stuff, but it’s worth it for our white farmers, and everyone will forget…”You were wrong. Your board was wrong. Your management was wrong. You ...
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Story of the Week (DR):Trump signed an order ending DEI. Here’s what it means for Fortune 500 companiesTrump’s latest presidential moves mandate government agencies to specifically target companies in the private sector engaged in what it describes as “illegal DEI discrimination and preferences.”Despite the intended chilling effect of these executive moves, multiple legal sources point out that Trump’s order and action do not constitute a change in the law. Rather, the language used in the order simply “enforces longstanding federal civil rights laws,” says Britney N.D. Torres, senior counsel at employment law firm Littler.Trump’s executive moves just mean that companies will have to continue to carefully review their DEI-related policies, practices and initiatives based on longstanding anti-discrimination laws, and make sure they can’t be interpreted in a way that is different from what they intended, she says.This week in Davos, Jamie Dimon reaffirmed JPMorgan’s DEI commitments after the National Legal and Policy Center, a conservative nonprofit, proposed the bank revisit how compensation is tied to the company’s racial-equity goal. “Bring them on,” said Dimon referring to the efforts from right-leaning groups. “We are going to continue to reach out to the Black community, the Hispanic community, the LGBT community, the veterans community.”Will this ever trickle down to JPM leadership?15 on Operating Committee: 1 POC (an Indian man–Sanoke Viswanathan, CEO of International Consumer and Wealth–who came from McKinsey); 7/15 F though so some credit dueBoard: nearly 50% F but a woeful -21% gender gap; no leadership positions on board or top 3 committees: only committees where women have power are Public Responsibility Committee and Risk Committee; 11 on board: 9 WM and 2 BFCan we stop pretending board and shareholder oversight is a thing? DRJPMorgan CEO Dimon's 2024 pay rises 8.3% to $39 million after record profitDisney CEO Bob Iger’s Pay Package Rises 30% to $41.1 Million in 2024 Barclays proposes 45% increase in CEO pay under new bonus-linked scheme Goldman CEO gets big pay boost, and $80 million bonus for another five years at helmI promise I try not to pick Musk, but…‘The gesture speaks for itself’: Germans respond to Musk’s apparent Nazi saluteSome say it was an unambiguous Nazi salute but others are unsure and say focus should be on Musk’s stated support for far-rightStarbucks lead independent director Mellody Hobson to step down Is this the only time in history a lead independent director was named in a headline or even mentioned at all?No more black people on board: no women in leadership positionsGoodliest of the Week (MM/DR):DR: Trump has a message to CEOs: Build in America or pay upDR: This confusing headline: Voters who backed Trump identify new swamp to drain: corporate power“The pendulum has swung so far. Things have gotten so out of line. Companies ought to be able to police themselves and not hurt people, and it’s just gotten way, way out of line. It’s time that it swings back the other way.”DR: Trump’s DOGE department is now down to just one leader after Vivek Ramaswamy steps downMM: Microsoft Signs Forest Restoration Deal to Remove 3.5 Million Tons of CO2 DR MMMM: Jamie Dimon is doubling down on JPMorgan's DEI work as a conservative group targets Wall Street: 'Bring them on'Jamie Dimon says LFG RACISTSAssholiest of the Week (MM):John DeereSee, instead of sticking up for yourself against pretend journalists with zero credibility who cosplay at being ESG analysts but are really just anti gay middle school boys, you caved. You caved and now you have not one, but THREE shareholder proposals in a couple weeksAnd the ONLY one you challenged - the one you tried to exclude from your proxy - was the one by As You Sow, who asked the SAME THING as the National Public Policy Research Consumer Blah Blah BlahNational Legal and Policy Center (8 shares): SHAREHOLDER PROPOSAL ON A REPORT ON RACIAL AND GENDER HIRING STATISTICSAs You Sow (26,000 shares): SHAREHOLDER PROPOSAL ON A REPORT ON EFFECTIVENESS OF EFFORTS TO CREATE A MERITOCRATIC WORKPLACE You also got these anti woke gems:National Center for Public Policy Research ($2,000): SHAREHOLDER PROPOSAL ON A CORPORATE FINANCIAL SUSTAINABILITY REPORT, asking for a new committee to show how committed you are to making moneyBowyer Research (100 shares): SHAREHOLDER PROPOSAL ON A REPORT ON CHARITABLE GIVING, asking for a report on how you don’t give to Southern Poverty Law Center, but they think you might be and they’re discriminating against white religious conservatives and the KKKYou thought, “oh, if we just cut out our DEI stuff and make a press release, they’ll go away… sure, we’ll offend, like, all the black people and women and stuff, but it’s worth it for our white farmers, and everyone will forget…”You were wrong. Your board was wrong. Your management was wrong. You ...
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