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Join the 15,000 companies using Vanta to prove trust. Go to vanta.com. Hi everyone, this is Pivot from the Vox Media Podcast Network. I'm Cara Swisher.
I'm meeting up with Scott in front of a live audience for a bonus episode this week at Stanford University in Palo Alto, California. Let's get to our show live from the belly of the Silicon Valley Beast. I love Dolly Parton. We have breaking news.
What? You probably read about this, but it's been reported widely that Russia is grooming a podcaster as an asset. I was first. I tried out to be a useful idiot.
No, it's half of that. So they said no. So they're grooming Cara as an asset, and she didn't qualify. So they came back and they said, we don't want an asset.
We don't want a useful idiot. We want a dog. Hello, comrades. God.
Hello, comrades. Literally. That's right. How long is vodka?
You have to be the worst spy. Sit down. Sit down. Sit down.
Anyways. Thank you. Down. Sorry.
Okay. First of all, your earphone is falling off right now. It looks ridiculous. Sorry.
What'd you do to that, Cara? Back to you. I'm out over my skis right now. Help me.
Bring me back. You might want to enjoy my coat that I've got here. Oh. You're over into my face.
Yes. This is the swag I got. I was on the season finale of Silicon Valley, which just takes... It's my...
I have two appearances this season. I've had two. You had none. I got many lines.
Dick Costello was there with me. I can't reveal the plot, but we all got this lovely swag, and I sadly could not bring you one. But I just wanted to make you feel jealous and I'm hoping it's working. How was that?
Where is it? The set is in Silicon Valley? No. No.
It's Hollywood. It's fake sets. I filmed in lots of places. I filmed all over the place in Culver City.
Today was in San Francisco. They're doing the plot. I can't tell you what it is, but it's good. It's super funny.
But you're in the last season? You're in the series finale and another show during the last season. Wow. It's going to be good.
Awesome. Yeah. It's going to be good. It's a great show.
What else did you do to that? I did television. I interviewed Ben Horowitz for the podcast. I did all kinds of things.
I'm a busy lady. You are. I flew here and then tried to figure out the series of bad decisions that led me to a podcast where I spent time in planes. Okay.
By the way, we'd like to be here in other words. This whole pivot life thing is a big hit. We always like to announce our next location. Our next location.
Trump National Doral. Let's be honest. That's the only place in the country where you can do a podcast. They have bungle up there.
Yeah. We should do one there. No, wait a minute. That's a brilliant idea.
No, you didn't mean it in any way. No, I didn't. No, I didn't. No, I didn't.
We should do. We should do. We want to go to Miami. Yeah.
Isn't it in Miami? Yeah, it's close to Miami, but it's like bad Miami. Oh, okay. We should.
That would be so good. You think that would be good? I think it would be great. Yeah.
I think we should do it. Nine carat gold. Yes. Excellent.
All right. Listen. We need to talk about the news. We have a lot.
We're here at Stanford University. Thank you all for coming. Of course, how many people in this room have been rejected by Stanford University? Yeah.
Yeah. Yeah. Yeah. My brother who's in the audience got into this school areas and he got into the medical school and he did not get into Stanford.
And, you know, I've been a failure ever since. In any case, we're thrilled to be here and taking over Stanford University because they should have let us in. We would have been a great student here. Do you think?
Students, you and me? Yes. You could have dated. It could have been great.
All right. Now, listen. So we're going to do question seats on your cards. Let me go through some things.
I'm having a stroke. Okay. We're going to do question seats on the cards, but I'm going to have you ask questions. She would do to me in a relationship.
Seriously. Yeah. Never going to happen. Never going to happen.
Never going to happen. Never going to happen. Never going to happen. Today was really good.
It was in 23 and me. I'm new to the gene pool. Isn't that cute? Cheryl Sandberg sent me a box of lean-in onesies, so I'll be handing those out.
I don't need 53 onesies. She's really good about it. I got them from a lot of people. It's really fun.
Ben Horace gave me one that said seed investment on it, which I'm not. That's good. That's good. Yeah.
That's good. That's good. In any case. Mark Benioff is trying to send me an Adirondack chair.
But anyway, I'm not sure why. In any case. In any case. Any more names you can drop in the next.
I'm just saying. I'm just telling you. It was a difficult situation. That's rough.
That's rough. I know. I'm just telling you. Anyway, we're here to talk about a lot of things.
There's a lot of stuff to talk about. I want to start by talking about Stanford itself. There's a business school here. It's better than NYU, right?
Is that correct? So, Stanford Business School is solidly a top five business school. NYU is one of the 30 top 20 schools. Okay, all right.
Good. So, what do you want to get your MBA right now? So, there's a graduate school environment and business. It's on micro-market.
And it looks as if we've been waiting for this for a long time. But at some point, if you keep increasing your prices faster than inflation and there's no underlying increase in productivity or innovation, so if you walked into my class when I started 17 years ago and you walked into it now, there's some updates, but for the most part, it's the same rep. It's the same gig. And the jobs we're giving them are the same.
The experience is mostly the same. But because academics, like anyone else, like to be paid well, and we have starched out the excess margin. So, when I got out of Morgan Stanley, one of the jobs I ever had, out of a class of 80 analysts, we all went to business school. And I went undergrad UCLA, graduate school, Haas, you know, vision and generosity of the reasons I used in California taxpayer changed my life.
My total tuition was $7,000 for undergrad and grad. So it was a no-brainer. About 77 of the 80 analysts went back to business school. And when people call me, I probably do about, it feels like 100, so it's probably 50 conversations a year should I go back to business school.
It used to be 80. I'm going to get the answer now. Go ahead. That hurts my feelings.
I know it does. I know it does. I meant it that way. I meant it that way.
So about 80% of the time, I would say yes. Now 20% of the time I find it flipped, I said no because we have finally priced ourselves out of the market. Not for everybody. This is who it's for.
Business school is for the elite and the aimless. If you're smart and you're hard-working and your parents are going to put you through or you're really good and you can get a scholarship and you can get into more than one school and you can play them off against each other. And you have absolutely no idea what you want to do with your life, which is probably two thirds of 26 and 27-year-olds. There's nothing wrong with that.
I didn't know what I wanted to do with my life. I just knew I didn't want to do investment banking. I was escaping investment banking. And business school is great refuge for the elite and the aimless.
But the problem is when you add up tuition, it's now about $300 or $400,000 and we priced ourselves out of the market. So Stanford's apps are down 7% of our schools. Yeah. And now like that, again, more xenophobia, more anti-immigrant mentality is really hurting us.
Because a lot of foreign students said, you know what? I don't need to go somewhere where they don't want me there. So we're getting less foreign applicants. For the first time, foreign schools are breaking into the top 20, it's the sort of perfect storm.
And schools like the University of Illinois have actually shut their business school. So finally, the market has caught up the business school and we're no longer long. Oh, right, good. So I'm not sorry.
So I'm so glad you're here. So no. Will you fix your thing? It's just not working.
Yeah, it's just hanging off your face. Like, I don't know what. Usually, that's my nose. All right.
No business school. Okay. Okay. So no business school.
There's some nuance here. But at the end of the day, if you're a couple of things, if you're doing well at work, you're on a good trajectory. If you have executive sponsorship, if you like what you're doing, everyone coming out of business school wants your job. So it's really about where you are in life.
It's a nuanced decision. But if you don't get into a top 20 school, I would say the prices were charging mean it's not worth going because we have a caste system. Unfortunately, the brand you come out of with school largely indicates your wealth over the course of your life and what indicates which school you get to go to, your parents' wealth. So in America, we've decided that people who get the spoils and get to be the innovators are simply put the children of wealthy people.
Welcome to America. All right, then. Okay. Right.
Peter Teal. That's very uncomfortable in here. Just got very uncomfortable in here. Well, hello, man.
Peter Teal. Anyway, Zach's free speech. You were at this. That's your chance.
All right. So what I've got to say, the Facebook CEO is on PR Blitz when he's saying a lot, but actually not a lot. And I will go into that. This past week, he spoke at Georgetown University.
I was there and I don't know why he was wandering around. I mean, DC quite a bit. My kids are there. And he was talking about that.
He was talking about the 2020 elections. And I went to the speech. And what do you think to summarize what you said? Oh, Mark Zuckerberg should have finished college, I thought.
Right? Yes, I did. That's right. I thought this guy never took a course in his life.
And I think that's actually factual. I was really struck by how much the conversation was five years ago. Yeah. I was struck by how light it was intellectually.
Yeah. I thought it was weird. I'm going to be writing about this in the New York Times this week. I thought it was a weird binary choice between free speech or else we're China, which I thought was not complex in any way.
Yeah. I thought it was meandering. I think it was a weird. It just went from thing to thing.
It was like a mile wide in the foot deep. Yeah. And so it was hard to follow. And so it's hard to criticize it because he said a lot.
I called it a word salad on Twitter. I started to lie tweet because I was getting angry about it because initially a journalist came up to me from the, I used to work for the Hoya and the journalist was from the boys, which was the other newspaper there. And he actually, I don't know why, I must have been the oldest person in the room. But he was like, why are you here?
And I go, I'm a tech journalist. All right. What do you do? I was like, you're terrible reporter.
And I said, I'm sure I'm sure I write about Facebook. You're the one who's mean to him. And I go, yes, that's me. And I said, I'm not mean to him, I'm critical, which is very different.
Anyway, it was a little journalist. You actually think you're pretty kind to him. I am kind to him. He doesn't think so.
So anyway, so he started to talk. What happened with this journalist is students who came to Gaston Hall, which is the main hall. They're on their many times. I went to Georgetown myself.
They were not allowed to ask questions after his speech about free speech. That was an issue I had. That makes sense. I know.
They were supposed to fill out questions before they went in, and so they couldn't respond to the speech. So they couldn't even ask questions about the speech about free speech with their free speech. And so that was problematic. And then what they did is they group the questions and some guy who just was a terrible interviewer and was rather soft, was grouping the questions for him at the end.
And the crowd was quite bored. I don't know. It was so low energy. The only time they laughed was when someone asked him a question about Ted Cruz, doesn't like you, or LZ doesn't like you, and the whole thing about him having lunch with conservatives or dinner with Tucker Carlson or what the hell he's doing.
He said, well, everybody hates me and everyone laughs, they're not a good laugh at that. But otherwise, it was really uninspiring. It's been pretty panned. I did a word cloud on the speech and the word together, he used the word together 14 times and the quotes that stood out to me where he said, well, I believe in giving people a voice.
Voices. And at the end of the day, I guess I just believe in people. Okay, which one of the 750 PR communications hacks wrote that line. Well, I was sort of struck why he didn't have a more nuanced argument about things.
And the voices thing is that more voices mean in the end it will be good. And I'm like, it's sort of like, I just saw the new Terminator movie by the way, it's fantastic. Like, more AI that kills us is not good in the end. Like, you know what I mean?
Maybe it is. But it was sort of this weird argument that more voices, eventually it will be better. And I was sort of like, well, eventually we could be in a lot of trouble if we don't clean this up. And so you end up being on the opposite side of him, which is about saying you don't want free speech.
And it's a complex argument from the man in charge of the most important communications system and platform in the world, in the world history. I want a more cogent argument from him. And if not, I want him to step aside and let other people do it. So.
Thank you. That is my TED talk. So anyway, what's his point? And he's going to be on DC again this week.
He's going to talk in front of the finance committee about your favorite thing. And then he announced election security stuff today. They're not going to allow as much election security violations to go on allegedly, but they can let politicians lie. So that was pretty much the situation.
And the other quote that struck out to me was he said that giving people a platform to express their experiences and their beliefs is key to, has always been key to making societies more inclusive. Yeah. And I thought, has Facebook really made our society more inclusive? Yeah.
Is that really what's going on here? Yeah. I think he's got to think harder. I wish he would think harder.
That's all I just really do. I gave him a good comms week about the content thing, because I want 40 other people to make decisions at Facebook besides him. This is the advisory board. This is the Supreme Court.
Yes. But I think it was hard because Bernice King, I think, whose daughter Martin Luther King, and she slapped him back last Sunday. And she was right to do so. She was right to do so, because she was talking about what her father was talking.
He was interpreting what her father was talking about, and she, I think, should have the say on that. And so I think that was hard. And then the rewriting of the history of Facebook that it started because of the... He was concerned about Iraq.
Iraq, which was like... Yeah, wasn't it hot or not? Yes. Yeah.
Yeah, there was a big delta there on that. So it was... Look, he's an earnest, and he's trying really hard. I think he should not speak anymore.
That's your advice. Free speech. So he doesn't even have to try. The American companies are doing it for him.
The New York Times editorial board pushed back, of course, over the weekend the newspapers said, quote, American companies have an obligation to defend the freedom of expression even at the risk of angering China. He's got... He's got a lot of business before. What do you think companies should do?
They have an ethical responsibility to push back? Or what do they do in this situation? No matter what they do, they seem to go... They lose business or they lose whatever?
So whenever I land in the Bay Area, I don't spend a lot of time here. I lived here until 2000, and I think a lot... It serves a lot of emotions with me. So to get over this kind of emotional turmoil, I do the same thing, and that is I go to In-N-Alperger as soon as I land.
Did you not do it? When I lived here, I was thinking about this 19 years ago. I was running a company called Profit, which is a brand strategy firm. I was the co-founder of a company, another company called Red Envelope.
I was married, I had a rescue dog, and I had a ponytail. I still have a rescue dog. Yeah. And that's about it.
Also, my address, and I have no reason to... I have no concerns about security. 3476, 21st Street, which by the way is the house next to Mark Zuckerberg. Can you imagine how much fun I would have being Mark Zuckerberg's neighbor?
Mark! Come on over. Let's watch the voice. Get it!
Get it, Mark! And you know there would be security. Be like, Eyes on the ball guy. Eyes on the ball guy.
Literally, I have the house. You're not in town. I have the house next to you. What a great real estate investor.
I sold it for $1.2 million and thought I'd made the trade of the century. Yeah. It's got to be worth like $700 million now. The house is around it.
Just so you know. Anyways. And by the way, on that block, a lot of Facebook executives, they all live there. I'm nearby.
So I'm going to circle back to your question about China. Can you imagine, in 1999 or 2000, most of you aren't old enough to remember this, can you imagine China getting all upset and indigestion over the tweet of a general manager of our sports team and all of corporate America backing down? Think about how much the leverage has changed. And think about how our backbone has curved.
And there's a simple answer here. And I think there's a gangster opportunity for other general managers of other sport leagues and other CEOs of Fortune 500 companies and Fortune 1000 companies across democracies. And that is everyone. And that is the general manager of the Tampa Bay Lightning, the Los Angeles Lakers, the athletic director of Stanford, the athletic director of Berkeley, the general manager and the coach of Manchester City, and then the CEOs of Apple, PepsiCo, Unilever should all tweet at the same time, fight for freedom, stand with Hong Kong, because when, when, when, when Norma Ray, Sally Fields cinematic peak in my viewpoint, when Norma Ray holds up a sign that says union alone, she gets thrown in jail.
When we all stick together and decide, you know what, freedom and support is something we all have a vested interest in. If all Fortune 500 CEOs tweeted the same damn thing right now, we have an opportunity to have, I am, I am Spartacus moment right now. My name is Spartacus. You don't have that opportunity right now.
You don't want to happen in a movie, Spartacus. Right now. For all of a sudden, all of a sudden, we're afraid of them. They have a lot to lose too.
There are 5,000 Nike employees in the US. There's 150,000 in China. There are more general motors employees in China than there are in the US. So you want to, you want to play like that?
We play like that. You have a big economy. We have an economy that's largely built on democracy and free speech. So where are the other general managers of sports teams?
Where are the other Fortune 500 CEOs? It's very simple. If they all unionize and stand for freedom, which is pretty core to this whole experiment we call America, they won't be able to do anything. Well, here's the thing.
None of them are going to do that, Scott. That's a lovely vision of America. I enjoyed that Sally Fields movie. No one here has seen that movie.
No one here has seen that movie. No one here has seen that movie. Bob Iger. It's great.
It's more right. It's great movie. Bob Iger's not going to do that. He has a park in Shanghai.
He just has one. Nike's not going to do that. I think they all did it again. What does the business round table do if they don't do something like this?
The business round table. I think it's a huge opportunity. Come on. Let's start it here.
Five for freedom. Snambylon Kong. I'm going to tweet that. I hope everyone else tweets it.
You know who would probably do it? I think Mark Benioff would do it. Yeah. You and Mark Benioff would do it.
I love how you put us in this. Me and Mark Benioff. Yeah. And scene.
Me and Mark Benioff would do it. He does it a lot more than other CEOs. He says more things than other CEOs. But I think it's hard.
They've got the shareholders. They'll be down. They'll be on them. I think it's really difficult.
Of course, it's horrible. It's horrible when they were throwing, like, Activision was throwing people off different things because they were supporting Hong Kong. It's an insane situation. It's easier to be a purist when you're not running a company.
In the NBA, they've spent 30 years to build a $5 billion franchise and it almost came crashing down over one suite. So you can, if you just take a step back, empathize with a difficult position, the NBA is, I generally think there's a solution here. Yeah. I think you're right.
I think it's interesting because it sort of comes to mind as Donald Trump attacking companies. It doesn't work anymore. It lost its people stopped. They stopped caring about it.
So I don't know. It would be nice if they did that. I would like you to organize Spartacus. Yes.
Yeah. Yeah. Yeah. And Spartacus did die in that movie.
In any case, I think it's a great idea. But speaking of giant companies in certain areas, Amazon has officially entered the healthcare space. I have very quick links. I want to get to predictions from the audience.
But they launched Amazon Care, a virtual medical clinic for its employees only, which means they're testing it out. They're eating their own dog food, as they say. It's a new benefit for employees. They also make it delicious dog food.
It's a new benefit for employees that offer in-home nurses and telemedicine options. Health care represents $3.5 trillion sector for Amazon. And by the way, AWS is supposed to be, for employees only and now it's one of Amazon's biggest sources of revenue. Anyway, what do you think?
Yeah. We've made a couple of predictions around Amazon. The first prediction is by 2025, AWS will be the most valuable company in the world. It'll be an independent company.
There's no pure play way to play the cloud right now. It'll be spun in the next two years prophylactically to stay off regulation. Fastest growing most profitable part of technology. You have to crawl over a software company under a blah, blah, blah.
By 2030, the largest healthcare company in the world will be Amazon. And this is all assuming no regulation. But if you think about what Amazon is really good at, they're really good at sitting on top of complex data sets and saying, okay, this is an awesome business, batteries, easy to produce, high margin, slap a brand on, no brand equity, huge margin. We only interface with a bunch of consumers.
This business, Swiss vacuum cleaners is really difficult. They're hard and expensive manufacturing requires some IP and some actual skill. So we're going to outsource it, drive a third of the traffic through our funnel and take between 8% and 28% based on the series of services we offer them. The healthcare industry was meant for Amazon because one Amazon has the cheap capital to go in and make an incredible splash right away.
Two, they can sit on the data sets and go like pediatrics is a terrible business. Very low margin, very difficult business. So they'll outsource that and your local pediatrician will just be on the Amazon Health Platform and will charge them a referral fee. Dermatology or diagnostics or home testing of your guide or your biome.
Great businesses, high margin, they will go into that business with Amazon Health. And then when you come home, at some point, Alexa will ask you, would you like to tell your healthcare costs in half? And they'll go into the insurance business. They're already in, they bought a pharmacy company, they're becoming HIPAA compliance.
This is the key to building an enormous business. The key to building an enormous business in business school that teaches you it's about your execution, about your leadership. Absolutely, that's 49% of it. The other 51% is how ripe for disruption is the business you're going into.
So Tesla could execute like crazy. It's never going to be that big of a business in my viewpoint because it's competing against a low margin, tough business. The next huge business you think is going to be climate change? No, no, I think it's healthcare or climate change.
I think you're right, Amazon is absolutely perfectly positioned for this business in every way. And it's right in his, the stuff he's been doing quietly is just clear. They're very interested in the space. And it does.
They're very good at delivery. They're very good at contacting people. They're very good at logistics. You could see them rolling out clinics that work, that actually work.
Or it's coming to your home. But they don't even think about how many times you just have your kid has a rash, right? Or I dropped something on my shin and I went through with a good doctor. I'm like, hold the shin up to your Amazon show.
And they say, okay, we're sending a prescription over it'll be there within six hours or so they have the infillment infrastructure. Or we're going to refer you to someone in our network because you're a member of Amazon insurance. They are basically putting all the pieces together. It's a perfect business.
It's also something you trust because you like, you know, you like the way they deliver you. You feel good about that experience. I think whatever your issues around Amazon, I think most people feel really good about the delivery, besides the boxes and everything else. I have to say my girlfriend, I just had the baby, never used Amazon on principle.
Like didn't want to use it. And now it's like hates herself because Amazon is working so well. It's like, I hate myself, but God, this is great. You know, it's a really weird thing.
And it's a really interesting thing because it does work. And so I think healthcare is the perfect thing. And I think they'll get it right. And it will be, you know, he might be the world's first trillionaire because that's a really giant, giant business.
And it does play into his love of data and logistics and everything else. And I think the healthcare system is so profoundly broken on every level that you could. Is there any other business that could do this? Apple sort of talked around the edges of this a lot.
Is there any other business that could, I don't know, Netflix? I don't know. Like who would you just pick? I mean, no, don't be there.
They deliver a lot of stuff. What Google tried for a little bit. Remember that? All the things.
And then they sort of veered off to the right for them. Is there any other company? I don't think Apple would be the only other one that could do this. So it's a big topic of conversation.
That is which healthcare is literally 16, 17% of our economy, the only sector that's larger is government. It is the mother of all disruption waiting to happen. It's the mother of all shareholders, stakeholder value, waiting to be created. And everybody knows that.
So the question, and I had, I'm not going to name drop, but the most famous venture capitalist in history called me and said which of the four is best position to do it. And so I said, I want to. Who's the most who? I'm not going to say John Dore.
Okay. Sorry. I need to date it. Okay.
You're the only one that gets baby gifts? No, yes. I hope you don't get baby gifts right now. Okay.
So I said, give me a day. I called back. Each of them has, if you think of Apple Amazon, Facebook, and Google, each of them has their own strengths and weaknesses into what will be the biggest value creating private enterprise in the world probably. Will be a U.S.
healthcare disruptor. Let's start with the one that doesn't work. Facebook. No one's going to tell Facebook they have an STD or diabetes.
Yeah. Right? No. So they're out.
Facebook's out. Nobody trusts Facebook because most people have common sense. Okay. The one that has the culture, probably the greatest concentration of IQ since NASA in the 60s, right, is probably Google.
Google has this incredible culture and density of IQ, but so far their healthcare has been more shots. Let's get to death. It doesn't seem that practical. I think they're kind of a distant number third.
The one that everyone's betting on that I actually think is number two is Apple because the cleanliness of the brand, the trust of the brand, the fact that you have a wearable tracking, your blood pressure, your heart rate, they're collecting that data, you would feel, Apple would just be a one. It kind of fits hand in glove. Doesn't it? Think of them as a healthcare company.
Wellness company. Wellness company. Wellness company. That's a better way of putting it.
The problem with Apple is it doesn't have a core asset we need right now where a company's going to need to go into healthcare. That is this infrastructure fulfillment network that Amazon has, but even more importantly than that, Amazon has the core asset globally and that it has a shareholder base that will tolerate zero margin businesses. And Apple should probably acquire Tesla, but it never will because that would take their margins down. Apple can't be in a business like healthcare, Amazon first, Apple second.
All right. Okay. And perhaps like at now or someone like that. Like one of those guys.
All right. Excellent. We'll be right back after this quick break with more pivot. I'm a Seth Herndon and this is America actually.
We're all talking to each other to see what we do wrong, what we not see. I'm in Washington DC this week to interview Ruben Gaiago. He's a Democratic senator from Arizona and he's been thinking openly about running for higher office, but he's recently run into some hot water because of his connection to Congress Maneric Swalwell. I have to learn from this and I will learn from this.
But you know, for me, it's out of 2028 question. It's about what it means that to be a better first boss in my office and also a better center to my constituents. This week on America actually, we ask Gaiago about predatory behavior in Washington. His plans for immigration reform and more.
This week on net worth and chill, I'm breaking down the institution everyone's talking about it right now, but nobody actually understands the Federal Reserve. With all the drama happening between Trump and Fed Chair Jerome Powell, you're probably seeing headlines and wondering what any of this has to do with your money. Spoiler alert, it's everything. I'll explain what the Fed actually is, why it exists, and how this one institution controls the interest rates on your mortgage, credit cards, student loans, and more.
We're diving into why raising or cutting rates isn't just boring policy talk. It's the difference between affording a house or watching prices spiral out of control. Plus, I'm breaking down the current controversy over firing Fed board members and why both Republicans and Democrats are freaking out about it because this fight isn't just political theater. It could mean real chaos for your wallet.
Wherever you get your podcasts or watch on youtube.com slash your rich BFF. I think we need a dean to abolish tenure. At some point, people are going to make the connection between tenure and dead on young people. I work with one of the finest faculties in the world.
We award tenure to a person about the time we decided they're no longer worth the money we're paying them. So that's why we will have to overpay them for the next 30 to 40 years. It drives education costs outrageously and it means that young people can't start businesses get married or buy a house. At some point, we need a class trader among a dean at a world class university that says that his buddies that he went to MIT with or she went to MIT with, we're doing away with tenure because let's be honest, it's just attacks on poor people.
There was a class trader and I think it's an important one that happened the last week. I think Mark Benioff is a class trader to the white boy fraternal order of tech CEOs when he came out against Facebook and it's going to cost him because people will cite things that's hypocritical about Salesforce, et cetera, but for the CEO of the largest arguably one of the largest cloud-based companies to come out and say Facebook is smoking, it's tobacco, which I believe it is, I think that was a pretty courageous move because it's much easier for everyone just to be in their Teslas and go along, get along. So my winner is class trader Mark Benioff. Okay, quick fail.
The cowardice and poor vision of withdrawing from Syria. Okay, good one. That's all that needs to be said. My winner.
My winner. What's your win, Carol? Nick Mulvaney because he provided me enormous entertainment this week. Nick.
Nick. Jesus. How long? How many TikTok is he going?
Acting. Acting. Acting. Acting.
He's literally in my throat. God. I think he sleeps really well again. Oh my God.
He looked like such a dope one. And Fox News, he looked bad. That's really hard. Actually, Chris Wallace did a great job saying you're lying, right?
Because you just sat and kept playing it. I just was like laughed and laughed a whole afternoon watching that. I just enjoyed that. So, Nick Mulvaney gets my...
Nick. Nick Mulvaney. Nick Mulvaney. Nick Mulvaney.
And not to San Francisco, California. There was a story in the New York Times today about cruelty that people are having towards the homeless. It is understandable on all sides that this has become... Mark talked about Elizabeth Warren being the existential crisis of his life.
This is the existential crisis of California. And we really have to start really... There's so much money being shoved at this. There's so many.
It's such a difficult and complex issue. And it is not easily solvable. And a lot of people are writing me today because I tweeted the New York Times story which I all recommend that you read. Getting to the cruelty is so inevitable.
Last night I was walking in the mission and there was a tent city right there and there was drugs and everything. And I had to catch myself. I hated it. I hated this whole...
They were doing this beautiful thing. And at the same time I'm like... To find empathy is... You have to kill it.
It's really hard. And I think... We've got to figure this out. And politicians like Trump take advantage of it which is so awful.
But to your point... Every elected official when you ask them what the most complex problem is, we're going to stay homeless. It's gotta be. It's gotta be.
It's gotta be. It's gotta be. It's gotta be. It's gotta be.
It's gotta be. It's gotta be honest. It's gotta be honest. It's gotta be honest.
We're allerg ADO. I have someone who is... Like people should not be living on the streets of this, of any... We're not gonna answer tonight, but having lived in San Francisco.
Yeah. So we're gonna get to questions out from the audience. The best questions are gonna get these hats. We need predictions.
No, we're not. We're not doing predictions. And we're not doing questions for the audience. Yes, we'll answer your questions in a minute.
No, we need to get them questions. I've got some good predictions. We don't have any questions. We don't have any audience to talk.
Excuse me. Does anyone... Make San Francisco Great Again. So two best questions.
I'm going to throw the hat at you. If you get mistaken for a maga person... I'm sorry. I have one that says, I also have one that says, make a San Francisco gay again.