Jamie Dimon is non-binary, Chip Wilson hates Chip Wilson at LULU, anti-woke winning the proxy

What this episode covers

Story of the Week (DR): CEOs are finding their blowhard whistles? Jamie Dimon is done being ‘binary’: On Trump’s ‘economic disaster’ credit card plan, foreign policy, and NATO Jamie Dimon issues rare CEO criticism of Trump's immigration policy: 'I don’t like what I’m seeing' JPMorgan CEO Jamie Dimon said Trump's proposed 10% cap on credit card rates would be an 'economic disaster' Jamie Dimon issues rare CEO criticism of Trump's immigration policy: 'I don’t like what I’m Of course… Trump sues ‘woke’ JP Morgan for $5bn over debanking Nestlé chief blames Trump for company going quiet on sustainability Amazon CEO Jassy says Trump's tariffs have started to 'creep' into prices Ryanair CEO rips Trump as a 'liar' who is 'historically wrong' Of course… Minneapolis ICE Standoff Has Become the Political Issue CEOs Can’t Ignore Employees in Minnesota are afraid to show up to work Target in Your Town: How We’re Showing Up in Communities from Coast to Coast Last "statement:" Target Statement on Texas Floods (July 8, 2025) And two new dudes on the board: John Hoke, former Chief Innovation Officer at NIKE Steve Bratspies, former CEO of HanesBrands Some stakeholder wins? Trump administration drops appeal over anti-DEI funding threat to schools and colleges Trump administration concedes DOGE team may have misused Social Security data Jamie Dimon tells Davos: ‘You didn’t do a particularly good job making the world a better place’ Jamie Dimon says government should have power to intervene in AI-driven mass layoffs Rollout of AI may need to be slowed to ‘save society’, says JP Morgan boss Salesforce's Benioff calls for AI regulation, says models have become 'suicide coaches' BlackRock’s billionaire CEO warns AI could be capitalism’s next big failure after 30 years of unsustainable inequality after the Cold War BlackRock CEO says capitalism isn't spreading the wealth – and AI might not either Brett Kavanaugh says letting Trump fire Lisa Cook ‘would weaken, if not shatter, the independence of the Federal Reserve’ A majority of millionaires say extreme wealth is a threat to democracy Amazon Joins Microsoft In Pledge To Self-Fund Power Grids, While CEO Andy Jassy Questions OpenAI's 'Ambitious' Spending The board matters?? Lululemon founder Chip Wilson blames board for 'total operational failure' in Get Low launch [more later] Early 2026 season proxy indicators MM Apple: 1 SHP National Center for Public Policy Research: China Entanglement Audit Excluded: National Legal and Policy Center: Financial Impact of Renewable Energy Implementation Disney: 4 SHPs Bowyer Research: How the Employee Gift-Matching Program May Impact Risks Related to Religious Discrimination Against Employees National Center for Public Policy Research: Return on Investment from Climate Commitments National Legal and Policy Center: Cumulative Voting for Board Elections Erik G. Paul: Accessibility and Disability Inclusion Practices Qualcomm: 2 SHPs John Chevedden: Shareholder Ability to Call for a Special Shareholder Meeting Bowyer Research: Risk of China Exposure Goodliest of the Week (MM/DR): DR: America could ‘lose the AI race’ because of too much ‘pessimism,’ White House AI czar David Sacks says MM: Elon Musk Says 'They Will Eventually Apply the Wealth Tax to Everyone' —Just Like How Income Tax Started As A 'Temporary' Tax For Top 1% This is a great idea MM: AOC and Paris Hilton team up on a bill targeting AI deepfake porn What a team Assholiest of the Week (MM): Governance asshole: Chip Wilson DR Lululemon's founder is blasting the company for selling sheer leggings, calling it a 'new low' Lululemon founder Chip Wilson blames board for 'total operational failure' in Get Low launch “In 2013, Lululemon recalled 17% of all its pants for being too sheer. At that point, the company blamed the manufacturing error on an incomplete testing protocol” Wilson owned 29.22% of the stock at the time SAME BOARD MEMBERS THAT CHIP WILSON PICKED: Martha Morfitt (2008) David Mussafer (2014) Michael Casey (2007) Emily White (2011) 40% of the board IS CHIP WILSON’S HAND PICKED PEOPLE Last week: Lululemon founder Chip Wilson launches proxy fight for board shakeup Wilson has nominated three independent director candidates to be elected at the 2026 annual meeting and submitted a proposal to "declassify" the board so that all members must stand for election annually HE CLASSIFIED THE BOARD - sucks to be on the outside looking in Capitalist assholes: Davos BlackRock CEO says capitalism isn't spreading the wealth and AI might not either BlackRock’s $40 billion deal highlights the unstoppable AI data center gold rush, as CEO Larry Fink pushes back on AI bubble fears Jamie Dimon tells Davos: ‘You didn’t do a particularly good job making the world a better place’ As he attends every year without irony - and this: How Wall Street Turned Its Back on Climate Change Billionaire Marc Benioff challenges the AI sector: ‘What’s more important to us, growth or our kids?’ Salesforce CEO Marc Benioff says he cut 4,000 support roles because of AI So not THEIR kids obviously “Antimicrobial resistance pandemic will kill more people than cancer by 2050 and no one at Davos is talking about it" – leading scientists speak out at Frontiers Science House The anti-education uber-wealthy tech bros: Nvidia's Jensen Huang says it's a good time to be a plumber; and not just because it's an AI-proof job Palantir CEO says AI ‘will destroy’ humanities jobs but there will be ‘more than enough jobs’ for people with vocational training Headliniest of the Week DR: Ryanair launches 'Great Idiots' seat sale 'especially for Elon' as feud escalates DR: Palantir CEO Alex Karp says humanities jobs are doomed in the age of AI: 'Hopefully you have some other skill' 62% of bachelor’s degrees in the humanities were earned by women; 63% of masters MM: Nestlé chief blames Trump for company going quiet on sustainability Uh… you… run… the… company? MM: How anti-doomscrolling influencers are combating social media addiction Alcoholics typically use alcohol to get over their addiction to alcohol Who Won the Week? DR: ani-China right wing blowhards MM: Private jets: Business Insider tracked at least 157 private jets that arrived near Davos, using data from ADS-B Exchange and JetSpy. They included airplanes belonging to Salesforce CEO Marc Benioff and former Google CEO Eric Schmidt. Jets from companies like Aramco, BlackRock, Blackstone, Citigroup, Google, HP, JPMorgan Chase, Lockheed Martin, and the quantitative hedge fund Two Sigma also arrived in the area. Predictions DR: Target soft-launches brown-colored oranges to see if America is ready to care about race again MM: Jamie Dimon officially declares himself as “non binary” and requests the media address him as “they” whenever quoting him. They then contacts Fortune after reading this headline about himself - Jamie Dimon says he’d have no issue paying higher taxes if it actually went to people who need it—right now it just goes to the Washington ‘swamp’ - and demands an edit to “Jamie Dimon says they’d have generally some but not none issue paying higher or lower taxes if it actually went to poor or rich people, but now it goes to the Washington swamp or everglade or desert, either way it’s delightful but also could be terrible.