Heading the UAW at this economic juncture is an opportunity to publicize and address America’s growing wealth disparity. Shawn Fain, who heads the autoworkers’ union, has so far demonstrated he’s not up to the challenge.
People
Jennifer Granholm’s Inner Hunter Biden
Proterra, a California-based electric bus manufacturer and energy storage developer repeatedly hailed by President Biden, filed for bankruptcy yesterday, causing the company’s shares to tank. Jennifer Granholm, Biden’s Secretary of Energy, previously served on Proterra’s board and pocketed $1.6 million when she sold her shares to an undisclosed buyer.
Ford’s Heavyweight Beltway Swamp Creatures
The Department of Energy’s sweetheart $9.2 billion loan to Ford Motor Co. to finance the company’s EV projects in Tennessee and Kentucky had a bad odor to it. Thankfully, Wyoming Republican Senator John Barrasso agrees, and a letter he wrote to Energy Secretary Jennifer Granholm helped connect the dots.
Carlos Tavares’ Inspiring Stellantis Leadership
The media isn’t fond of Stellantis CEO Carlos Tavares because he says demand for EVs are artificially driven by government mandates and subsidies and complying with those mandates could lead to a shortage of raw materials necessary to produce enough battery driven vehicles.
Nevertheless, Stellantis has ambitious EV plans for the U.S. market, including launching a truck with 500 miles of range that could prove a competitive threat to GM’s and Ford’s lucrative truck businesses.
Unlike the CEOs of GM and Ford, Tavares has demonstrated he knows how to execute.
Hollywood’s CEO Pay Awakening
Some thoughts on the less than Six Degrees of Separation between Hollywood’s striking workers and the workers at GM’s Ohio electric battery plant.
America’s Banking Code of “Ethics”
Reading up on the latest wrongdoing in U.S. banking and finance I was struck just how much the industry has changed since the days of Milburn Drysdale of Beverly Hillbillies fame.
By today’s banking standards, Drysdale was an upstanding executive.
Backstabbers Shall Inherit the Executive Suite
Jesus said the meek shall inherit the earth, but he never held a corporate job. Those looking to run major U.S. businesses shouldn’t look to Jesus for career advice.
Celebrating JPMorgan Chase’s Unsung Heroes
Some thoughts on the conscientious objectors at JPMorgan Chase who expressed concerns about doing business with Jeffrey Epstein; GM CEO Mary Barra’s plans to continue damaging the climate for more than a decade; another reason to buy a Tesla if you live in Los Angeles; and a 1995 Bud Light commercial that would spark outrage today.
The Litigators Who Slayed Chase’s Jamie Dimon
Meet the relentless litigators who forced JPMorgan Chase to settle for $290 million allegations that America’s biggest bank helped facilitate convicted pedophile Jeffrey Epstein’s activities. The settlement came just days after Chase CEO Jamie Dimon was deposed.
Transgender “Champ” Lia Thomas’ Narcissism
Some thoughts on transgender woman swimmer Lia Thomas and a joint promotion Bud Light and Target might want to consider.