Executives hate their boards, Musk out donations, Walmart eating tariffs, and W is for Woke

The 5:5:5 Good Game of Stupid Edition: Normal/Trump/Funny (to me)

Normal

1. 93% of U.S. Executives Desire Board Member Replacements

1. In a recent survey conducted by PwC and The Conference Board, a substantial majority of senior executives in the U.S. expressed a desire for changes within their company's board of directors.

2. The study revealed that 93% of the 520 top managers surveyed want at least one board member replaced, marking a record high in the survey's five-year history.

3. The findings highlight growing tensions between management and boards, as 32% of executives reported board members interfering in day-to-day operations, a significant increase from 16% the previous year.

4. Concerns were also raised about directors' performance being hindered by age and overcommitment, with 56% and 47% of respondents citing these issues, respectively.

2. Tejon shareholders vote in activist investor, remove longtime director

1. Andrew Dakos  received 19,785,261 proxy votes in favor to 17,338,888 against, which allowed him to unseat 24-year director Michael Winer, who received 821,536 in favor and 2,974,871 against

2. New Jersey activist group Bulldog Investors

3. Phillip Goldstein (19,757,851/17,342,618); Chair (2015-) and Director (1998-) Norman Metcalfe (81) somehow reelected (19,807,311/3,547,606)         

3. Shell Faces Fresh Legal Challenge Over Development of New Oil and Gas Fields

1. Dutch environmental group Milieudefensie said by developing new fields, the oil and gas giant is in breach of legal duties to cut carbon emissions

4. Starbucks doubles down on baristas, not AI, to fix its customer crunch

5. Elon Musk says he will spend ‘a lot less’ on future campaign donations

1. Elon Musk commits to leading Tesla for next five years

Trump

1. Trump tells Walmart to 'eat the tariffs' instead of raising prices

2. LA Port shipments fell 30% in early May after Trump tariffs

3. Meet the New York Times CEO: She’s outmaneuvering tech, Trump, and an industry in crisis

1. Meredith Kopit Levien: the youngest person and second woman to lead the institution in its 173-year history.

4. Business owners with unfortunately named companies face fallout thanks to Trump's war on woke

1. David Markley called his business DEI. which stands for Design Engineering Inc., long before the Trump backlash took off.

2. Another business named DEI is the restaurant supply company owned by Ricardo Gomez.

5. Trump signs bipartisan Take It Down Act to fight ‘revenge porn’ and deepfakes

1. Trump said that under the law, “anyone who intentionally distributes explicit images without the subject’s consent will face up to three years of prison.

2. In addition, this law establishes new civil liabilities for online platforms that refuse to take these images down promptly upon request. We will not tolerate online sexual exploitation.”

Funny (to me)

1. Engineers Reveal Robot That Takes Care of Old People So You Don’t Have to

2. Netflix Faces Backlash From Conservatives After Picking Up Sesame Street: 'W Is for Woke'

3. UBS deploys AI analyst clones

1. UBS has started using artificial intelligence to turn its analysts into avatars, sending videos of the simulated bankers to clients in a move the lender said would free up staff to focus on more productive tasks.

4. JPMorgan CEO Dimon Still Intends to Step Down in Next Few Years. ‘It’s Up to the Board.’

5. Henry Schein Appoints Dan Daniel to Board of Directors

1. First name is actually William

2. former EVP of Danaher Corporation