Pivot OpenAI Claps Back at Elon, Biden v. Trump Rematch, and Disney’s Proxy Fight
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Mar 8, 2024 Kara and Scott dive into Disney's proxy battle with Nelson Peltz and discuss the implications of a new cap on credit card late fees. The political landscape heats up as the Biden-Trump rematch grows closer after Super Tuesday. OpenAI confronts Elon Musk over legal claims while exploring the future of AI. They also ponder why Siri isn't meeting expectations and share amusing travel anecdotes. Plus, insights on healthcare costs and the rising debate around weight loss drug coverage add depth to the conversation.
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Galloway's Political Aspirations
- Scott Galloway considered running for supervisor in San Francisco.
- He abandoned this idea after meeting Gavin Newsom, realizing he couldn't compete.
Disney's Performance and Peltz's Argument
- Disney has underperformed financially while overpaying executives; Nelson Peltz argues this justifies his board seat demand.
- Peltz owning $800 million in Disney stock strengthens his case, despite Iger's likeability.
Advice for Bob Iger
- Bob Iger should prioritize settling with Peltz to avoid distractions and further expenses.
- Iger should focus on Disney's core business, parks, and streaming strategy, not movie releases.