FTX: Beyond the Headlines With John Berlau

Automatic TRANSCRIPT

Quick detour here because you brought this up and I was just reading this this morning. This environmental government issue that we're talking about ASC stuff is there's a lot of concern among Wall Street right now, especially going into directors meetings and elections or directors and some of the rulings that they can't block the groupings of here's the directors that the company is pushing here, the ones that the activist, if you would push, is this something that, again, any sort of branches all from what semi free was doing, is this a concern on or is it just mainly just fear of companies, but is there a real concern that activists and others who are pushing these agendas could get footholds on some of these large boards buying more than others? There is a real concern and it's going to be on top of sarbanes oxley and you know which the rush through after enron, which I've written about and affected earlier and died Frank, it's going to mean less companies go public in the first place or only go public when they're very big and who loses out from that. You know, mom and pop investor. And again, these agendas are going to be at the expense of the financial well-being of Joe and Jane for four-o-one-ks. It was kind of two sides at the same time. They allowed the SEC allowed fraud and an ESG firm to apparent fraud in ESG firm like FTX to faster and they're having their encouraging all these agendas that harm investor return.

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