25 Burst results for "Founder And Chairman"
Bloomberg Radio New York
"founder chairman" Discussed on Bloomberg Radio New York
"The fed says it will pay attention to the data, the markets, the markets got the message that they shouldn't expect any relief from tightening anytime soon as the S&P 500 was down just over 4% for the week and over three of that came on Friday alone in response to chip out. The NASDAQ fared even worse down 4.4%. And again, almost four of that came on Friday alone. The bond market was a bit more complicated, with the yield on the ten year up to just over 3%, barely up for the week. But the yield on the two year reacted much more to the fed news, ending the week at 3.4, that's up 16 basis points for the week. To help us understand what the markets are trying to tell us, we will come down to Peter Krause. He's founder chairman and CEO of aperture investors. And Liz Ann Sanders chief investment strategist for Charles Schwab. So Liz and give us your take on what happened here. If the markets were expecting more of the same, they didn't react that way. Oh, I think the narrative around the basis for the rally that started in mid June. Some of it had to do with the peak in the tenure at around three and a half percent, but this narrative that was created around the notion of a fed pivot. We never bought into that narrative, I think, a pause is something we should talk about at some point, but a pivot to aggressive rate cuts as early as the beginning of next year. The only reason the fed would have the green light to do that would be a significant deterioration in the labor market from here. And or a much more significant deterioration in the economy and for now we haven't seen that. So it wasn't a surprise to see him really forcefully push back against the idea of a pivot that once they get to whatever the sort of final hike is, they're going to stay there for a while and I think the market had trouble digesting that. So Peter, if you look at the markets, they have an entirely given up on that cut next week. They backed off of it some after the polymer marks, but not a 100%. Were you surprised that the market reaction? No, I wasn't. I was a little surprised with August games. I mean, it was really sort of a melt up instead of persistently, was a risk on type of market. And as lazan said, it really wasn't any reason to believe that Howe was going to somehow give some credence to the idea that the fed was about to reduce rates in the next 6 months. So I think the market sort of just realized that it was rising in a level that is not sustainable given where interest rates are likely to go. And we haven't really seen enough economic weakness to signal that rates are going to modify. So the market reacted to that. And I suspect it may follow through with more of a reaction until we get into September and there's real volume and real players in the marketplace. And right now we're still in a very, very thinly traded market. Peter, if the fed was trying to get out of the business, it really affected the markets. It's not succeeding very much. I mean, obviously the central banks around the world really got involved a lot starting with the great financial crisis. And some people thought they were trying to pull out of it, including with the balance sheet, run down. But right now, how much of this is just driven by the central banks themselves, Peter? Well, we have not seen a return to fundamental investing. We're still in markets that are captivated by headline risks and headline commentary, whether it's the fed, the way it's the Russia Ukraine war or whether it's China's COVID policies, we're still being driven by headlines and not enough fundamental analysis. I suspect that we're going to come to a market where fundamental analysis will have much more of an impact on what investors actually invest in. But we're going to have to get to some level of the bottom here and I don't think the market's quite there yet, but it's forming a bob. Okay, Liz Ann Sanders and Peter Krause will be staying with us. As we turn to how investors might make some sense of this uncertain time, that's coming up next. On Wall Street week, on Bloomberg. But I know about courage
a16z
"founder chairman" Discussed on a16z
"Book originated as an internal company document that was posted online years ago and has been shared widely since. It was expanded and published as a book for a more general audience late last year. Dahlia is the founder chairman and co chief investment officer of Bridgewater associates, one of the top private companies in the U.S., which manages over a $150 billion and has made more money for clients than any other hedge fund. And so also joining to host this conversation is asic C general partner Alex rampell, who covers our FinTech vertical among others, together we discuss with ray many of the themes of the book from the vantage point of VC and small startups to big company culture to just overall self development, which is why this episode is also part of our broader ongoing series on leadership. You'll hear Alex's voice first, where we begin with the origin story of the chicken nugget. So I love the book. And I told my kids, I do this every morning. What am I doing for the day? And I didn't know how to describe. This is why I told my 8 year old, you helped invent the chicken nugget. I'm glad you told me that 'cause I can use that with my four year old grandson when you know my 8 year old loves chicken nuggets. Like I actually have tricked him into thinking that McDonald's is normally closed. It's like, oh, it's closed on Sunday. Oh, it's closed on Saturday. He goes for his birthday, he's otherwise he'd want to go every day. So I was like, you know, actually the guy today invented the chicken nuggets. No, she didn't really invent it, but he was responsible for the introduction. So he was very, very upset. Actually, he wanted to know if you could sign or give him a chicken mcnugget and bring him back with a sharpie. Well, I mean, I don't really invent the chicken though. Because all of a sudden it'll be all over the media and people who have dietary problems will sue me or something and you know how this goes. Anyway, what happened at the time I contributed to the economic risk of being able to come out with the McNuggets because it came out at a time when there was a lot of commodity price volatility. And McDonald's wanted to come out with a chicken mcnugget, but they couldn't lock in a price. They couldn't guarantee that because the producers of the chicken wouldn't be able to contract forward those prices. Because their costs were going up. But I figured out that, by the way, this is in the old days of trading commodities and so on. And mechanics of it were that there's a little chicken. It doesn't cost much money. And what really costs the money is the feed and which is mostly corn and soybean meal. And so there is a futures market in that. So I went to the chicken maker and client that had at the time. And McDonald's, and I told the chicken making client that they could put on these particular hedges so that they could sell a forward contract of that chicken at a fixed price to McDonald's. So.
Bloomberg Radio New York
"founder chairman" Discussed on Bloomberg Radio New York
"EMC It is a company that we know we've all talked about it the king of growing storage device market We know cloud computing is changing all of this A former we were talking to some of our colleagues a former AMC executive telling them that EMC was once the last or was the last great storage company they'll never be another one So what is the future of that market in your view And how do you think Dale specifically can benefit from that Well the interesting thing is if you peel back the onion on just about anything that's going on you were talking about crypto earlier Autonomous vehicles just pick your new thing that's happening behind all of that is an enormous amount of data And it turns out you need a lot of cloud infrastructure no matter where it is and you need a lot of data to make all these things happen And so as the number one company in the world that provides all of that we're seeing some really nice growth in those areas So I think the world's kind of figuring out yeah public cloud is a thing but it's not just the public cloud It's multi cloud It's also the edge and there's enormous growth going on as everything in the world becomes intelligent and connected and now with 5G the distributed computing world is even more distributed All that creates enormous opportunities for us Have to say that we want to talk a little bit about innovation We've got a few minutes left Mike Bloomberg stopped by my desk I was working I have a huge pile of books and he's like do you read all of these And I'm like I try I said but one book I'm reading right now is Michael Dell's new book And he's like I know Michael And he goes really smart guy really innovative guy And it was just kind of interesting and he talked about how you reinvented your company When it comes to innovation reinvention what are the technologies that you think we should be focusing on What gets you excited Is it crypto Is it AI Is it something is it the metaverse What do you think is interesting Because reading your book I mean you've been involved in the text based since you were a kid And I just wonder what really catches your attention now Yeah you know the power of AI to again use all this data to upend and reinvent every part of our world and society is incredible I think they're going to be incredible innovations in the intersection of the biological and computational sciences in all the areas you talked about it's hard to predict exactly how all these things are going to evolve but when you have these powerful ingredient technologies coming together and look you have an enormous amount of risk capital right now that's going after these problems and even harder hard tech problems I think the future is super bright for humankind That was Dell Technologies founder chairman and CEO Michael Dell we interviewed him back in October His new book out this year play nice but when a CEO's journey from founder to leader have to say at a hard time putting this one down You know we get a lot of books written by business leaders This one was different It was and I think what was fascinating was like it went back in time and then it went forward in time It was juxtaposition the creation of his company within taking it private It just went back and forth in a really cool way He also takes the gloves off in some parts He does I kind of love when people get to a point in their lives where I'm just going to tell you what that would happen He does name names That wraps up the first hour.
Bloomberg Radio New York
"founder chairman" Discussed on Bloomberg Radio New York
"Onion on just about anything that's going on you were talking about crypto earlier Autonomous vehicles just pick your new thing that's happening Behind all of that is an enormous amount of data And it turns out you need a lot of cloud infrastructure no matter where it is and you need a lot of data to make all these things happen And so as the number one company in the world that provides all of that we're seeing some really nice growth in those areas So I think the world's kind of figuring out yeah public cloud is a thing but it's not just the public cloud It's multi cloud It's also the edge and there's enormous growth going on as everything in the world becomes intelligent and connected and now with 5G the distributed computing world is even more distributed All that creates enormous opportunities for us Have to say that we want to talk a little bit about innovation We've got a few minutes left Mike Bloomberg stopped by my desk I was working I have a huge pile of books and he's like do you read all of these And I'm like I try I said but one book I'm reading right now is Michael Dell's new book And he's like I know Michael And he goes really smart guy Really innovative guy And it was just kind of interesting And he talked about how you reinvented your company When it comes to innovation reinvention what are the technologies that you think we should be focusing on What gets you excited Is it crypto Is it AI Is it something is it the metaverse What do you think is interesting Because reading your book I mean you've been involved in the tech space since you were a kid And I just wonder what really catches your attention now Yeah you know the power of AI to again use all this data to upend and reinvent every part of our world and society is incredible I think there are going to be incredible innovations in the intersection of the biological and computational sciences in all the areas you talked about it's hard to predict exactly how all these things are going to evolve but when you have these powerful ingredient technologies coming together and look you have an enormous amount of risk capital right now that's going after these problems and even harder hard tech problems I think the future is super bright for humankind That was Dell Technologies founder chairman and CEO Michael Dell we interviewed him back in October his new book out this year play nice but when a CEO's journey from founder to leader have to say at a hard time putting this one down You know we get a lot of books written by business leaders This one was different It was and I think what was fascinating was like it went back in time and then it went forward in time It was juxtaposition the creation of his company within taking it private like it just went back and forth in a really cool way He also takes the gloves off in some parts He does I kind of love when people get to a point in their lives where they're like I'm just going to tell you how it happened Her name's names He does name names That wraps up the first hour of our Christmas weekend edition of Bloomberg business week from Bloomberg radio and Carol masser And I'm Tim steno coming up in our next hour more of our best from 2021 including Kathy wood on her early days as a fund manager and her road to stardom in the financial world Plus newly minted rock and roll Hall of Famer Gina schock taking us behind the scenes with the go goes and then outlanders At later stars Sam Hugh and on his latest pursuits both on and off the set whisky anyone Yes Also coming up you'll hear from the former chairman and CEO of Google Mister Eric Schmidt You heard of him Yeah I've heard of them And you think about when he was at Google right This was a company that was really going through growing pains Slowly on its way to becoming what it is today but you know he was often called we joke about it The adult in the room like there were a bunch of the guys who created the company right Brilliant but they needed somebody to kind of formulate the company and help it on its longer term journey You know we asked him that question too about other companies that perhaps need another adult in the room Stay tuned to hear what he had to say Ah really cool stuff This.
Bloomberg Radio New York
"founder chairman" Discussed on Bloomberg Radio New York
"On Bloomberg radio Part of claims term it definitely felt like it was a luxury that grew into a necessity at least for some during the height of the COVID-19 I mean I feel like luxuries understatement right This type of flying makes first class look like a bargain basement price I know Listen perspective perspective here folks Supply chain worries though cost pressures are weighing on the outlook for wheels up It's a business that our next guest though believes is still poised for significant growth He definitely does Kenny dictor is the founder chairman and CEO of wheels up It's a publicly held private chartering company that reported earnings recently posting a quarterly net loss of 59 and a half $1 million against a profit of more than 20 million 1 year ago Shareholders looked past the 55% year over year revenue increase that brought in a company record of $302 million These are figures that dictor expects to continue as share prices try to bounce back from 2021 lows First off though dealing with today's bottlenecks Supply chain constraints definitely making it more expensive for us to deliver for our membership and over deliver for our membership So short term pain here but I think in the long run this has been just a super supermarket for private aviation and we see the demand really come in strong for an extended period of time You know a friend of my husband and I well known in the airline industry and he and his wife both are And they've talked about those some of the shortages and constraints whether it's pilots and workers coming back That's some of what you guys experienced as well Yeah I mean you know you have this historic demand level that our industry is seeing in the private aviation side I think the supply chain third party maintenance when a plane goes down AG it needs to be fixed that return to service time is critical It's a little bit slower than it's been historically pilots as the commercial airlines are spooling back up there's some movement around where again I think that the industry is kind of finding its footing as it relates to the cost I think there are temporary and transitory in nature for the most part I think from a wheels up perspective we're now giving our pilots equity we rang the bell at the New York Stock Exchange July 14th this year So our pilots rollout partners now So I think we have a really differentiated program to be able to attract the pilots and keep them and again their partners in the business Hey Kenny what can you tell us about demand and the way that demand has shifted during the pandemic Because your business was around before the pandemic You know I've spoken many times before How did demand shift during the pandemic And how do we know that that demand will be long-lasting I thought demand won't be transitory Once the pandemic's over Yeah Well going into the pandemic our industry was ramping up the convenience of flying privately the idea of it you can get from a to B to see in one night and still be home for dinner All of that was in play I think technology is the big unlock here We partnered with a couple of former Amazon executives Greg Greeley was our chairman of marketplace and vanya heg day who's now our president Technology is the big unlock in this space You think about what OpenTable did for restaurants and what hotel tonight did for real-time availability in the hotel space Nobody has endeavored to become the Amazon or the Uber or the air-b-n-b of the private aviation space and there's just so much latent capacity out there in the airframes like Travis kalanick and Garrett camp will figure out that the American car was parked 23 hours and 30 minutes a day The average business jets parked 23 hours and 40 minutes a day Wow Well yeah right And think about you know that's sitting there You're losing money just sitting there What I'm wondering though I want to go back to Kenny if I may the cost equation and the cost side of your business total cost and expenses were up a 120% year over year $370.55 million We talked about you know you guys are having to pay up to retain those pilots along with crew Does that continue or how long does that continue into next year Well I would say the pricing we have pricing power our industry at pricing power We took very gently we took 8 to 13% on our entry level the king air and the light jet program People will pay more Now we have a membership model I think Amazon Prime think Costco and we want to make sure that our members feel like that membership has a lot of value And I would say that the wheels that membership today because of our availability and because of our willingness to take care of our members in this environment where prices are going up we just want to be super gentle because we know how valuable these folks are lifetime value And again if we took a short term approach or we were sort of a charter broker or somebody that was doing this one off we couldn't take this long-term approach but we really believe in the lifetime value of our membership That's Kenny dikter He's the founder chairman and CEO of private aviation firm wheels up You're listening.
The Security Ledger Podcast
"founder chairman" Discussed on The Security Ledger Podcast
"How do you keep good people out of jail. How do we normalized that that you know people like myself who enjoy thinking like criminals but have no desire. Oh actually have almost like internal moral restriction on becoming one when the first bugs for cash programs emerged almost two decades ago they were controversial bug bounty programs like the one launched by defense labs in two thousand and two or tipping points zero day initiative launched in two thousand five. Were at the time accused of incentivizing. The work of criminals and bad actors today however bounty programs are just part and parcel of the software industry fortune. Five hundred companies including microsoft. Google and apple offer them not to mention countless other software firms in recent years even old-economy industrial and manufacturing firms like ford. Gm and john deere have gotten in on the act on the flipside. Many talented bug hunters and penetration. Testers can now make six figures salaries or more finding and reporting flaws in software but standing up a bug. Bounty program is no easy task especially for companies that don't already have deep roots in the information security community. What does it take to stand up a bug bounty program these days and what skills are in demand on the bug bounty marketplace's to answer those questions. We invited casey. John ellis into the studio. Casey is the founder and chief technology officer at bug crowd in this conversation. Casey i talk about the founding of bug crowd almost a decade ago and how the bug bounty market has changed in that time we also talk about the surge in demand for bug bounty programs by both government and old economy firms suddenly find themselves in the software publishing business. Finally casey and i talk about what it takes to be a successful bug hunter these days and what skills are most in demand on platforms like bug crowd. You may be surprised by what he has to say to start off. I ask casey to tell us a little bit about crowd. My name's casey jones. I am the founder chairman and ceo of crowd and co-founder of the disclose. I approach casey welcome to security ledger. Podcast thanks for having me so for our listeners. Casey who don't know of bug crowd and probably are many of them but Tell tell them. A little bit about The company that you help found and what you guys do. Yes sure so. Bug crowd is is a security platform. you know. We've basically pioneered the the idea of sitting in between all the The latent potential and the good things that exist like the help that's available from from the white hat hacker community and increasingly pen testers security professionals and so on around the well and You know organizations. That bicycle need access to to Said skills as possible to be out to outsmart the bad guys that was. That was really. You know the problem. That i i want to solve when i started the company. The fact that you know it's like cybersecurity is kind of a human problem right and they're on enough humans to go around already on the defense side. Meanwhile we're trying to compete against his this crowd of adversaries have lots of different skill sets lots of different motivations and an incentive for success so like the maths kind of wrong with with how we've been doing a lotta stuff in the past from my perspective and i grew up as a as a hacker in school than pen tester than solutions architect than i wanted to be an entrepreneur. Esa us looking at that problem and it was. It was bugging. Because i could say that you know hack is..
Bloomberg Radio New York
"founder chairman" Discussed on Bloomberg Radio New York
"To the weekend edition of Bloomberg businessweek It was another week of volatility in the equity trade stocks whip sod by debt ceiling and fiscal spending negotiations to him and also oh yeah we talked about inflation We even talked about stack glaciation Yeah it does seem like investors for the Q four really need to buckle up right Yeah exactly but it really has created more uncertainty and volatility in the markets We get a lot going on this broadcast Yeah really big show coming your way We have the founder chairman and CEO of Dell Technologies none other than Michael Dell He's going to talk all about price pressures and supply chains and the tech sector along with his new book It's called play nice but when a CEO's journey from founder to leader can I be fair Tim and I have to look at a lot of books we talk to a lot of authors sometimes we can read some of the books sometimes read or get too much Don't tell everybody This book we read and loved it It's really good Yeah and it really details I mean he is a tech whiz kid Created this company I mean he was working on computers when he was a kid in high school You know 1920 years old he's building out this company remarkable And also details the take private element of the company and the way the company was able to transform as a private company and come back bigger and better Create a company take it public take it private take it public again Really cool We get into that Hey also this week Tim and I participated in Bloomberg invest global It's an event highlighted by a number of financial heavyweights including grayscale CEO Michael sonnenshine who will hear from later on when it comes to the crypto landscape The summit also highlighted the analytical power of Bloomberg intelligence and Bloomberg global data And I spoke with Bloomberg intelligence chief equity strategist Gina Martin Adams who said that rising prices well there are really something that investors can not afford to ignore I think we need to pay attention to it for a number of reasons but most profoundly in the short run We need to pay attention to it because even though policymakers are telling us it's not going to be around forever It is still sticking around for a little longer than anyone had anticipated At least in the short run And we're seeing that reflected in analyst expectations So far roughly half of S&P 500 company estimates for operating margins which is the manifestation of inflation pressures in the earnings stream Those estimates have dropped for a third quarter and fourth quarter season We've not yet seen a downdraft in the forward 12 month outlook which I think we want to watch for That was Bloomberg intelligence chief equity strategist Gina Martin Adams And speaking of earnings Carol we are also going to hear from chip burg president and CEO of Levi Strauss The denim maker coming off of a really strong third quarter Yeah absolutely also talking about a buyback So we'll get to that a little bit later on All of that to come we begin with a look at this week's issue of Bloomberg businessweek magazine And Tim let's start with the cover story It's all about tether the world's most popular stable coin So for those who don't know it's a type of cryptocurrency favored by traders because it's backed by real U.S. dollars So every tether it's well supposed to be worth $1 and backed by $1 Right And so with 69 billion tethers now in circulation stay with me everyone there should be $69 billion in real money to back those coins right Well the thing is nobody seems to know exactly where that money is and that's part of the reason U.S. regulators are taking notice Another important story that we discuss comes from the business section of the magazine And it turns out that racial and gender diversity at elite law firms is lacking to the point where some big me and clients they're actually docking legal fees It's so interesting It's a story by our Ellen Milligan and Tod Gillespie and it details the pressure that's being put on these mega firms make a law firms to include more women and people of color on their teams So we're talking about companies putting pressure on these law firms companies like Facebook HP Novartis they're all spending billions on outside counsel and they say diverse legal teams deliver more creative and well rounded advice Ironically though these are the companies that are working on diversity but they have a long way to go So it's just kind of funny It's like wait a minute Glass houses et cetera Exactly I do think it's interesting though because we did talk about this in the context of Facebook and Facebook's more than $1 billion in legal fees that it paid last year and that's not going to go down any time soon If we look at what's happening with Facebook So these huge law firms want to keep these big clients They're so important to them It's also a challenge when it comes to the pipeline because even though there's real lack of diversity It starts lower down It starts with those first year associates and even goes as far back as law school And making sure to increase diversity in law school so that pipeline is created Also this week we talk about a couple of things that some of our listeners might enjoy on occasion in their spare time pot and beer An interesting story from Bloomberg news Toronto bureau chief Danielle Boko on Canadian pot farmers they bought up a bunch of land and they really hoped to get in on the ground floor of a nascent cannabis tourism industry but it's harder than it sounds But it turns out the country's complex series of regulations are hampering business in a big way So that's a story We chuckled a little bit about it It had some fun with puns But nonetheless it just shows again this is an industry that's trying to find its way forward but it's not so easy and it depends on geography country rules regulation It's a really interesting tension though because there are a lot of proponents of the industry who say hey this is not just good for the industry but it's good for the country It's good for tourism It's good for the economy But if we can't get past these rules and regulations actually allowed to flourish similar to the way that the wine industry in California for example could have been like wine industry just outside of Toronto Is flourishing then it's not going to get off the ground And then there's also in the magazine the so called MIT beer game We're not talking about Pong beer Pong I thought it was when I first saw that Which is why Tim's like yeah okay I'll put this at the top of my reading list That story from our economics team all about a decades old business school simulation exercise illuminating how human error can snag up supply chains We talk about supply chains a lot That story you can find in the magazine which is on newsstands online and also on the Bloomberg terminal And you want to stick around for the whole show because later on Bloomberg business we contribute or details his findings as part of the staff at Walt Disney World And guess what It wasn't all magical though it was certainly colorful You do not want to miss this 11 things I never knew about Disney World until I worked there Love this story All that and more straight ahead coming up though next Levi Strauss out with third quarter earnings they were better than expected The company's president and CEO chip Berg joining us to talk about the quarter the outlook and how he plans to keep the nearly 170 year.
MAD MONEY W/ JIM CRAMER
"founder chairman" Discussed on MAD MONEY W/ JIM CRAMER
"You're doing a double from where it was trading this spring. How did they pull that off. I sisley delivery spectacular results. Well you might not be new with clouds there. It's hard to overstate the reach at the moment. Roughly eighteen percent of the internet is powered by their platform and they keep expanding just today. We learned they've grown the network by another twenty five percent of the point where they now in two hundred and fifty cities across more than one hundred countries. And by the way. That is exactly what i think. The talks got done so when the to university of their. Ipo let's check in an congratulate. Matthew prints co founder chairman. Ceo of cloud or get a better sense of how companies doing where. It's headed mr prints. We'll come back to buddy. Jim thanks for having me on matthew. Every time you've been on you've been on three times. I have seen the total addressable market grow now. How is that possible because most copies total just work. It is static. Yours is static house. That had i think from the very beginning at cloudflare. We focused on building something fundamental. Which was really a better network. And we have for the last two years since we went public focused on execution and innovation. And i think this week is really an example of that where it's speed week for us at cloudflare where we're literally reinventing a lot of how the internet works to make it faster and faster and so we've released over a thousand new products in the last two years and we we really as michelle. My co-founder likes to say are just getting started. Now i do see a contract that has got to be the greatest contract. You wanna know how you win a federal de federal government contract. We talked a lot of companies. Have been trying to get this business. You got it yet. We in our last earnings call. We were we were proud to announce that when the federal government was looking for a zero trust solution across any federal agency comparing us against a number of the of the other competitors in the space they chose cloudflare in order to provide our services. And so that's a contract that we think is going to really start to pay dividends next year and i think it shows how much we've been able to take the network that we've built an extended into additional areas continuing to make the internet. Yes fast yes reliable. But also incredibly secure for governments All the way down to small businesses. And it's been incredibly rewarding for our team. Now i like to cut these days is a pay years. Pretty much pertinent. I'd like to see right a front strong dollar basnet retention one hundred twenty four percent up from one hundred fifteen percent year ago. Could you please explain to people. Why how can you beat. More than one hundred percent net retention. Yes so what dolor basnet retention is is. It's almost like same store sales in other other businesses. If you look at the customers that were on your network a year ago. You have some that leave. And we're very fortunate that we have very very sticky product the customer stick around and then some that spend more and more if they spend more than those that left then you have a dollar basnet retention over hundred percent.
MAD MONEY W/ JIM CRAMER
"founder chairman" Discussed on MAD MONEY W/ JIM CRAMER
"Be behmen etcetera so that simplicity allows us to continue to build long term partnership with ourselves to that simplicity and our sharp focus on community has been there from day one for for example. Both we do have to stop there kind of cut out there. But look minnie's. I think there are a lot of things that went right and something went wrong to stay tuned to the stock. That's the only thing we can do. Many schaja posh mark founder chairman ceo. I thank you for coming on the show. Thank you for having me actually op midlands back after the break jaws chill chill man is in the house. He's happy binding around is coming up when bad bunny returns. Ira and then the leading renters are. Are you ready. Get in your mic. Michelle how're you doing. I want to talk about my talk. Zillow dallying twenty percent for the year. It's doing quite well. Actually think is. He's leveled by with more rate so low. Anything jim in your jam. Jim how you doing today. I am doing well. Thank you how about you doing good. Just can't wait to beat this virus. my stock is I is vile haven pharmaceuticals. This morning i had a migraine could beat the fan. And i said myself okay. What's going to see me. I put myself a new attack. From bio haven. Bad boy was going and fifteen minutes. Do you think. I don't think the evan isn't the best buy i know. Somebody downgraded yesterday. They never had a migraine clifford. Colorado quell jim. Cramer angry man. How you doing. I'm doing well how about you. I'm doing well sir. Thank you i am calling about tickers. Eeze lightning voters. I think you had it. That was the game. Yesterday was one in the being yesterday or not be in at all manual in florida manual. Got since we are taking my call. So i noticed basis crowded but with earnings coming up. What are your thoughts on sumo logic. Oh my god you said and our viewers you're smart that is crowded space in the world. I'm tired of cloud based management and analytics. You see finally finally finally went up and up anyway. I like snowflake in that area. Let's go to fill in tennessee. Phil jimmy jail for tom. Plus home rock and roll tennessee. Indeed so much talk is a infrastructure as that just recently joined the russell three thousand. I wanted to house the. Ats is had a.
Venture Stories
"founder chairman" Discussed on Venture Stories
"Club blockchain today and tomorrow i'm eric tornberg partner and co founder village global token daily and it is my pleasure to be speaking to some of the biggest names in blockchain navarro ravikant co founder chairman of angel list and biology renovate son cto of coin base naval biology for the beginners out there. How do you explain what is cryptocurrency. one is blockchain. why should people care. What spinal mental about this in three minutes. I think a human beings are network species we operate in groups. We always working. Groups were like answer bees in the sense that we have to cooperate to do anything interesting. And that's kind of how we conquered the world but we are unique species in that we cooperate across genetic boundaries. Everyone in this group is pretty much unrelated to each other yet. Were brought here by common cause and interest and we're the only species that can do that and so we build these networks and these networks in history are be governed because networks have rules. They have cheaters. They have people contributing resources. And you just have to figure how to organize them. And historically the way we've organized these networks as we create a country and put a king or a president or a ruler in charge or even elite or aristocracy in charge. Or we'll have a priest in charge or put a corporation in charge or we'll have a democracy where it's one person one vote so these are kind of ways that we have organized networks human history and invariably whoever's at the center of the network ends up very powerful kings become tyrants elites become aristocracies corporations become monopolies democracies turned into mob rule. Sometimes so you have to worry about. Who's in charge of these networks that run our lives and these networks are very important. Electricity is in network phone systems and network. The united states is in network monies and network. Your favorite religion is a network. So it's very important who runs these networks. And the last few hundred years we've created a new way to organize networks and those are marketplaces and whether it's credit markets debt markets stock markets currency markets markets are await organism network with no single ruler inbetween even market mechanism doing the pricing and the allocation. And we're blockchain's are. Is there a way to bring this network. This market based networks into all digital systems or into many kinds of digital systems. It is the most famous one but there we say..
IT Visionaries
Analyzing the Impact of a.I. And Technology on Society
"Welcome everyone to another episode of visionaries in today. We're continuing our security series with casey ellis malcolm harkins. This topic is going to be about the impact of technology on society and cybersecurity. But i do these gentlemen a disservice by not letting them introduce themselves casey. Let's start with you. Tell audience who you are. Where do you work. what do you do and we'll kick it over to malcolm. Thanks it's got to be on gregg giannotti about malcolm as well but i'd say yells is cold out this out again from the founder chairman. Ceo crowd basically about crowd. What we did was to introduce the concept of connecting the white community like the crowd of creative individuals insecurity questions waiting at the table. I think at this point in time for a number of decades that have been disconnected from that. Need help you know. We started off that industry back balsa. That's commonly referred to or known as as as any programs abilities pleasure organs in interest with with finding also Otherwise hike advantage of that results and the problems that existed yet. That's that's what i do. And that's why i'm here malcolm. How would you introduce yourself. Thanks in great to be on with Both you albert and casey. So currently i'm a board member advisor coach mentor dabble with a lot of security startups in a few others in the industry. Prior to that. I was chief stood in trust officer with the web. Application skirted defense platform company for a little over a year prior to that is chief skirting. Trust officer would silence and then prior to that. I spent my life at tall. And i was chief security. Private privacy Also spanned the wide ranges of fun neglected
Just The Sip
"founder chairman" Discussed on Just The Sip
"What do you want to look like. Let's have positive motivation. Manage appreciate you i say. Hey can you please take that up to the dumpster. Not go out the dumpster. Hey you're you're grilling some good toes. That burt looks awesome. Way to go on drive through those things never leave. You can get the appreciation. Every ounce tumor. I wanted to earn their money right. I mean i got every earn their money. I wanted to be happy when they left. Because like your fueling my dream and so that's never left but it's so important established that because you're star in with that culture you want accompany those early years is going to define what your culture is ongoing right. Yeah and then you have to protect it because other people as you grow you'll have other people come in. They'll have different ideas of where they want to take. The culture swam founders are important. Because you're sure we are. We are deeply rooted in appreciation. Dot culture is an. We're always going to remain that way because if you put people first you're always gonna win for sure what i also love and i found this out recently because you have two kids. Seventeen year old son who is about to enter college. He's a junior high school and your wife. Toby that you know charlie's about to start working at the restaurant. And what do you mean. Don't you be incorporated. His dad is the owner of raising gates. I let him work in office. And she's i know everybody who works in. That office actually has to work in a store before. I even get that job so i was like no no so you telling me that. The cmo of the company had to fry chicken she. Assad it's true. Do you really make your employees work in the store before they come through to the corporate office. Absolutely you know in all of our titles. My title was founder chairman. Ceo frockcoat cashier Shears so you know this. E- among known raising cane's cmo franca cashier account could cashier. Because it's important for people to know in have the empathy for the people in our restaurants. Right wanna come through. 'cause they'll have corporate than they'll have their field operations right and there's two different worlds two different cultures and they don't support each other. It's why you can see some disconnect in my industry specially quick service restaurants to where where it will be saying one thing but then you go through their restaurants and you don't see that you know be treated friendly. You don't have quality food. You'll have all these things they talked about in the boardroom. Because they're not connected us were connected our business and when we meet with our teens. We're talking about what's going on in the restaurants and so i just hired a new. Cmo and it's gonna be a four month on boarding but they're going to full restaurant training and then immersion field or by doing crazy. So that cmo knows what's going on. His restaurants has empathy. So there's no crazy things that would be too hard on the crew right pisgat. That person's been crew member. The cmo's like no. We can't possibly do that. Here's another way to do this. But we can't do that to our crew right are. Here's the hell what we're doing and all that one billion so yeah it's it's a very important component is mind blowing because i'm not gonna lie if i was like i just went through eight years of college. I've been working at google or amazon for ten years. And you're gonna make me come to your company and worked my ass at a fry cook but i get it..
The How-to Entrepreneur
"founder chairman" Discussed on The How-to Entrepreneur
"By david off local have been forefront of record deals record emanate deals building mines operating old minds. And so these are. These are individuals that have been incredibly proven track record in the gold industry. You combine all that. And i expect the sequel to be very busy. This year announced royalty acquisition streaming transactions with a very strong balance sheet under trump team. That's going to execute that in the case of gold mining. It's going to be more of what we did. Not share where we're going to continue to find a parts in portions of our portfolio. That should be advanced whether it's drilling whether it's updating an economic study or maybe a sale of a property at shows we are realizing value for these projects that we acquired at very attractive prices when it was a very different commodity market for gold and copper and now with stronger wanted prices were realizing value for shareholders through various structures again whether we advanced the project ourselves or with a partner or do a full outsail and has executes a successful guess. You've benefits from that old. Might won't forty eight percent of it So there's a really great setup here at for gold mining where we've multiple ways multiple catalysts multiple holding it or projects or equity gold royalty that has those advanced an improvement value. Feel we feel that benefit directly clearly and there's a lot of transparency that i love how you mentioned the different dimensions of that not only. May you guys deeper in a discovery. But you might sell property to. I mean the fact that you guys are doing so much. The olympic all star team in place right now and it seems like you have a thousand years of experience on the port. I'm really excited to see what actually happens. Is there anything that. I should've mentioned anything that you want to bring up. Before we sorta wrap things up or move onto the the rapid fire questions rescue rapid-fire all right So i i think you mentioned this earlier. You believe goals. Price could be much higher goals tied for the year. What we should at least last year's high because we only have more data and ended that that inflation levels According to your higher honestly that the one issue this year is the question of real rates rates so great suggested for station and those rates have been higher. I think if we see at In real rates back in the negative territory which i think we could see in the second half of the year old also is seasonal. The fourth quarter of the could be very strong. I see a repeat of or re-test of last year. Twenty one hundred dollar high awesome and the best decision you made with gold. Get this decision. Probably twenty fifteen summer at twenty fifteen is approaching thousand dollars an ounce we acquired our whistler project at i mean for the tune of three million dollars less than three nine dollars almost six million ounces of gold in alaska land packaged their companies. Right now that have projects in alaska extremely compatible to our two hundred million market chow but look at took a lot of guts to do that. I remember having to take out a personally committing financially because we had to raise money to support such acquisitions but you couldn't give bull projects away. In two thousand fifteen. I remember goldman was calling for bill to go to nine hundred dollars announced and it was just like a dire dire situation so you gotta you gotta be contributing in commodities you got to be countercyclical and take advantage of the inevitable cycles in commodities to to create value results without risk. So that's yeah. And i heard you mentioned bitcoin earlier and things that maybe in a bubble. What's your take on tease. right now. investors steer clear. I also high. There's obviously a lot of excitement and will mention out there. I don't own any am i. I i'm still trying to figure out and make sense And i generally don't believe that bitcoin gold are comparable or or replaceable or one is replacing the other shorter place for bitcoin out there. I don't. I don't know what that is but i don't see how i don't see how it tracks flation because frankly While it goes back to what you and i talked about if says inflation hasn't even hit two percent. Is bitcoin supersonic. Bitcoin is up so much that this mixture links you could not exactly tracking inflation. So i don't know it's a that's another discussion. Yeah it was like three thousand dollars a year ago. So you know it's been there. Once and working people go to find out more about gold mining inc and gold rules court can me on twitter at amir at ninety adults that my personal twitter handle i talk about gold. Uranium and the companies involved with and for miami is triple w. dot mining dot com on the toronto stock exchange ticker super easy to remember sticker. Symbol old. go l. d. on the toronto but in the us to symbolise g. l. d. i and I think we'll mixture to link all that in the show notes only it right. There mir not minding gold corp. Thanks for coming on. The round two has been a pleasure having been able to catch up i until next time until next time. Thanks for having me one award. You guys hanging out with us to the end of the show by sharing a final word from one of our sponsors american dream you. The nonprofit designed to provide veterans obtained the education resources. They're going to need in order to find their dream job or start their own business. They host events military bases looked with the best speakers tools and information. It's thanks to our military that we live in a country where the entrepreneurial dream is is possible. It's thanks to our military that we live in a country where the entrepreneurial dream is possible is their way of giving back. Check out their facebook page or their website and american dream. You dot org..
The How-to Entrepreneur
"founder chairman" Discussed on The How-to Entrepreneur
"So we kept buying. We kept fine year in year out. We got to play last year. Were the gold. Price wasn't thousand dollars an ounce. It was almost two thousand dollars. An ounce they went over two thousand dollars announced. That's your signal your signal. That says ora guys like the window to buy for ten cents on the dollar has closed. Now is the window to stretch advance and daylight value for the project state weakness. You've acquired the combined market chapel all the companies. We acquired for ten cents on the dollar for total of eighty million dollars. Their combined market used to be over eight hundred million dollars in the last full market for our job then became by transforming our business towards starting to realize the full value of what we acquired during the bear market in this new bull market. And gosh i. I didn't think copper prices would then go from a buck fifty pound you dollars a pound two dollars. Fifty cents knowledge sudden will four dollars per pound copper and people for even higher copper prices tightness in the market. It's it's not going to disappear overnight because it d- world isn't back to normal yet started. There's light at the end of the tunnel but we're not nowhere near normal yet and that means is that those businesses were it. Involves toots on the ground moving material around digging something that that requires a back to normal environment before you can see a rapid response from supply side to meet the growing demand that There were facing and these shortages will continue to put upward pressure to the commodity price And and so will the copper. This is how gold-mining position I think particularly. I think clearly has underperformed. This year is a lot of chatter and arguments and debates online about gold versus. Bitcoin has bitcoin taken over bull as new inflation hedge. All of that is ready. I think created the again once again. An opportunity where you meet today one of the one of the most undervalued asset classes in the world. That isn't in a bubble is goals and everything else is. Everything else is in about seventeen hundred dollars. An ounce is is an extremely well priced reasonably priced level for an asset that will be the ultimate hedge towards the trillions of dollars. Dead best been created that has the has to have some kind of accountability and measure for it at some point reflected in the economy right. There's a lot of light at the end of the tunnel and it's not an oncoming train in this case speaking light at the end of the tunnel how was twenty twenty. It's Wrap up what what was done by the end of that tunnel like in terms of discovery and all the hard work being put down at the minds in the light at the end of the tunnel was really in a company. You have teams that you work with that. You work with on a daily basis that become your immediate family. Basically like that and so part of it was a year that was so much about health and staying healthy. It was just reward. A we you know. I was proud of the fact that as a team We were Through a very difficult year make great strides at while keeping everyone healthy. We've got members of our team on in colombia brazil. Us canada not a big team individuals that are spread out. Were we have projects. We have a small presence and And so just getting to a very difficult year with with with with the team and good staying safe and healthy and making progression executing gold rule. Ti te'o that we came up with all of it. i think in in what was otherwise very challenging year. Makes you feel like you're doing something right. And that you're you're executing and you're moving business forward that's that at the end of the day is is a key part of the mining. Business The next part of it is just seeing other markets for commodities. Pan out an like. We've talked about that already. I think is a great environment developing for these commodity and And then finally know just just being in a in a position where you in order to be successful mining you have to have the properties. We have over fifteen crop. He's in five different countries. It starts with properties starwood resources. You combine that with people and that's how you unlock value today. I would say there's a serious shortage of resource stage or projects to build industry for a decade was under investing in exploration development. So today reserve resources are at a decade look emit the whole concept of Goal for example. I mean there's just they're not exploring for will this much. The producers says they were focused on flow de leveraging their balance sheets and now coming into this tight market for older copper mining doesn't happen with the flicker switch mining is a long term. Business exploration is a decade long exercise before it leads to becoming a mind. And so that's me is an exciting setup because we control the goods we we were out there. buying properties buying resource stage projects. Were frankly the measures should have been doing that and our little company was doing that and output suspended driver's seat and how has house all of that in two thousand twenty sort of affected twenty twenty one strategy. Now that you guys have a really good understanding of This how the rest of this year is going to pan out for you guys trends in the market. And maybe there's been some even restrictions have been lifted that maybe have been put in place dudakovic easing yes. We'll be right smoothly. Various members of the team for example get vaccinated. And if i go their second dose and you learn how to operate with safety protocols in place while coexisting with the with the covert related issues and just getting on with life and that's what we've been doing and again one one one main focus on safety but then being able to still get back to normal and do things While keeping achieved people say it's manageable and it's happening and more and more companies are learning to do that and what makes successful twenty twenty one for not only gold mining for gold royalty corp. so it's gonna be a big execution year for for really both so glowed ruin completed deci. Ipo just recently went out looking race. Thirty million dollars. There was incredible demand and that ultimately was increased in size three times. The final amount raised was ninety million dollars. And so you've got a brand new company with ninety million dollars of honor power more cash in all of its appears combined in a way. So it's a very strong position or royalty and an existing foundation of royalties at was the portfolio provide a to a bible mining and so that sponsorship from from a developer a former gold mining is what benefits from an strong treasury. And then finally just a very strong team of individuals led.
The How-to Entrepreneur
"founder chairman" Discussed on The How-to Entrepreneur
"Everything's near with battery storage etcetera. And i think on that note. If you got copper prices basically decade high potentially go on hit all time highs here and we still live in a world where despite the rule out of vaccines and vaccinations etc. Were still not back to full capacity when it comes to the workforce when it comes to the business of building mines and mining user capital intensive people intensive and material intensive operations when. There's a shortage of lumber just to build a you know a decade your home. you appreciate. It's going to be difficult and expensive and time consuming to go build big Minds or underground mine so these inflationary pressures. The tightening of supply chains will concede draft modern advice higher. And just for what a sport open stacks even this morning reiterating debt we are. We're not nobre year. The end of this commodity super cycle that we seem to have not entered into where again whether it's the price for iron ore or up down to niche commodities titanium ilmenite etc. Everything is on fire and next a good thing. Because if you're an investor looking at hard assets offer the reasons we discussed and these policies back your question or very polish commodity look at our company. The recent high really liked the coexistence of wilton copper together is when you have deposits resources. Were you got older copper. The copper prices at a tenured high price that helps really improve the economics mining goal and a lot of the big gold producers. Today are looking for gold copper deposits. Where you get the benefit of also medals as you might to help with improving overall economic that mine. Yeah we can agree one hundred percent with just about everything you just said Especially would just be the the hard essence and having them as a sort of safeguarding. In terms of wealth with the direction things are going right. Now is a great time to be investing in anything. I mean i heard you bring up lumber for instance. i know. That's not too hot topic on podcast lately. But it's in the news and it's it's very relevant in in the world today. I'm down here in downtown. Los angeles and i'm aware of construction sites around here that assured on lumber. It's it's hits that close to home with with things in how expensive they've gotten the prices. You know decade highs across the board. And i also want to comment on the inflation. The two percent that you'd brought up about a couple of minutes ago. I think that inflation may be biden's platelets a lot sooner than than they think. I don't think that maybe there's this isn't going to be a waiting game with them is going to be something. That's going to be knocking at the front door Allah alone sooner than they had planned and biden. He's not the only newly appointed staff Around lately i hear you guys have recently acquired initiate eeo. That's a good segue yet. And while yes so we really did. In the second. Half last year old mining one more daylight value for our overall portfolio by creating royalty or establishing that as a public company but to drive that forward and to drive with old binding england royalty forward. We were very fortunate in in ended up in a very good place where we attracted at an all star team of individuals from the old industry and mining finance to join our two organizations at old mining angled. Wilty first of all you have david ruffalo. Who joined us through. Step heading up the the business on the gold rules site. He's the former c. Or corp one of the major producers in the world bank merged with newmont a year and a half ago to create the world's largest mining company in newmont father of devil streaming at at model intel for. Who's joined our team. He was the former chairman of the former chairman of the world. Old council and the individual heading up old mining joining us recently as the ceo of minding our still who spent twenty five years with triple producers. He's joining us from new march prior to that with old core prior to that with the likes of kinross and And nikola eagles. So you see. An all-star team come together of prevent operators executives with major companies who are finding the platform and portfolio of projects that our company has put together for a small company or junior company. So for a junior company to be attracting this level of talent from major companies joining us to be part of the team. I think it's a tremendous load of confidence. We're excited about. Alastair still has the seal mining look forward to you interviewing him getting his thoughts and take on bigger for for future episodes and And i think that is such an important part of human capital is a really important part of what we need to do as a company to move over because the same way that we have a hot commodity market and commodity market the more scarce People and you need to have top talent to be able to advance the dearest assets execute on strategies than were really an ideal condition now with a very strong nucleus of individuals with experience from emanate to mind finance to operating mines to building minds etc coupled with the existing experience that we bring to the table as the founder and chairman of the company. You know my background been entrepreneur in the mining industry in golden uranium for for the last sixteen years in. We understand what it takes to have skin in the game to be patient to be long-term wolf mining which we're talking about it today and you know i spent eleven years twelve years in the making rights. A patiently building putting building blocks together Gives you enough critical mass to then have the business then. Attracts the best of the best. When it comes to the individuals that we talked about. That doesn't happen overnight. And in our case taken well over a decade and that also goes to show people interested in our business that long term patient approach that we have in in building st everyone. We're gonna take a quick break. Keep the lights on. Provide you with the words sponsor. Eating should be enjoyable simple. Make you feel completely prepared to take on every day. One hundred percent saint solutions sane. Plan is the only program endorsed by top doctors from prestigious medical schools. Proven to help your hormones brain and digestion new. Start lowering your body's natural set. Wait you will lose that and balance your blood. Sugar naturally guaranteed go to saint solutions dot com. Today and i'm curious. Guys just underwent a major expansion. It's transformational what what led to that are. What we're what was the trigger polling moment when you guys decided. Hey it's time to act. The part of it is the commodity price itself. So when we were very aggressively pulling the trigger and making acquisitions in two thousand thirteen and two thousand. Fifteen and twenty sixteen. These acquisitions were happening at a time when the gold price was at almost a thousand dollars an ounce and copper prices or traps. I wanna go off my head in a Of bucks fifty pounds. And you're making acquisitions in that environment with those commodity prices as your backdrop you're firing properties for ten cents on the dog and.
The How-to Entrepreneur
"founder chairman" Discussed on The How-to Entrepreneur
"Tom press copy. Company your great to catch up and you guys have a lot of news. It's been a while since last september wild been nearly eight months since there's been a lot that has happened with you. Guys since then with your. Ipo you brought some new faces on board. We'll make sure to get into all of that. But for those who missed the first time around with you. And i when we had a chance to speak. Could you provide everyone with the The gold mining background and get them up to speed on business today. Yes sure a that. Gold mining business and strategy was put together in two thousand and tents. We're talking decade ago. It was a different time different full different environment but one thing that was certain about it back then was that we were going to happen. Ups and downs in commodity prices. Quantity markets are cyclical and. I two thousand and ten as we were forming the nation of the company to launch. It was a private company We had all marketing. Two thousand eleven. When we appealed our company old market it was still strong and what we launched. Our business focused around was to go out there and apply resource stage hold property so properties that are pre-production but have been drilled sufficiently where independent resource estimate that qualifies the volume tonnage and greater old or or convert that might be in the ground by two thousand twelve. We pulled the trigger on our first acquisition of a resource. Stage project and byron twenty. Thirteen is when the bear market in gould. A really started to take place and from there on we got even more aggressive and so our strategy in terms of progressive but acquisition source strategy. Radio over the course of their marketing that started in and around late. Two thousand twelve early twenty thirteen all the way until early part of last year so almost an eight year long period was to aggressively acquire projects that had been developed drills and the previous full market cycles. Now now were basically on sale because of the bear market that we had we were looking at buying and rolling up disaster. That's basically at the bottom of the cycle and over that timeframe we ended up acquiring a portfolio of over thirty one million ounces of gold equivalent resources so we'll and in some cases both an copper. I'd breaking it down for those that are more Astute or interested in detail staff over fourteen million ounces measured and indicated resources and sixteen point six million ounces category of resources five different countries and the us canada colombia peru and brazil and so this very large resorts face positions will minding his actually wanted to Only pre production companies in the world. That has such a large portfolio of resources in the ground. You typically see on the mid tier producers or large producers with this much old answer. That really put us in the driver's seat. And i think our conversation last year would have been around the time where we were able to leverage the fact that we have this large portfolio and create and spin out a royalty focus business on the on the back of our assets and that led to the creation issue of old royalty corp which publicly this on the new york stock exchange are and that company is or a percent owned by gold mining and to put that in perspective best forty eight percent interest. has a mark to market value. Right now we don't twenty million. Shares stock is trading at above four dollars. Sixty five cents or sixty cents right necessary. Ever been ninety million dollars of value in march market securities that we've crystallized there the total customer acquisition for us of the acids reported over the eight year bear market. We were active buying was about. It was basically less than eighty million dollars and so just for a fraction of what we acquired only for fraction of what we gave up. Which was we underwrote basically royalties one or two percent royalties which is a contract that says in the future projects come producing minds generate cashflow one to two percent of their revenue gets to royalty so given up one to two percent future revenue in exchange. We realize more mark to market value than will be paid one hundred percent of folio. And so you can see a wide so timely the acquisitions we made and how we can unlock so much value. Now or we're in a bull market for gold and copper with the acid base that we have perfect and what is You mentioned on the new york stock exchange. What does he being traded on right now. It's a simple. There is jeroy g. r. a. y. that's the ticker symbol for world royalty. That's dead old mining on forty. Eight percent of old itself is also listed on the new york stock exchange and the ticker symbol for gold mining is g. l. d g g awesome. And we'll bring that back up at the end of the show guys you don't have to go back and write it down right now And so you guys have undergone quite a bit chain. I mean that's that's huge. You guys basically doubled in size and there's also been a lot of changes globally here stateside as well with the governments in september. One of the biggest changes has been the administration although some things have remained the same with the national economy and its printing press issues. What what are your thoughts on the The biden administration during its first one hundred days in office. And i think that it's a recently mentioned that they had released it. They're planning on three trillion in new spending stimulus package that they've already started to implement and there just seems to be this never ending avalanche of new money coming in. What are your thoughts on all of this. There's there's this insistent chanted two percent inflation rugged on they need to do is look at the price of Number for example and you'll see that There's there's there are. Inflationary pressures are just run everything you can imagine. And so the reality is a big the ongoing french and stimulus and the basically the ongoing increase in debt levels and Gdp levels doesn't buy that is really want which to not only develop wealth but to really protect work because a runaway inflation despite the pike that again the fed insists They're not even hitting two percent is just have reports. And i believe that i think they're measuring the wrong basket with we begin around us. So it's really reassess which and build a sad certainly an environment right near words full price. It's i stronger in. It has been arrested for sure. I and i think you would be an expectation. Rising prices with dividing edmonston of which is more spending more stimulus. Honestly biden administration wants to do is to really get more behind green energy decarbonised shit and nets your emission. Rose aren't being met on set for two thousand fifty that requires a metal and commodities at are needed for electrification movements and revolution. And so that's everything from clockwork nickel. Lithium uranium easier. these are commodities generate emission. Free to be or archaic despite that will support the development of the degrade batteries and.
Biz Talk Radio
"founder chairman" Discussed on Biz Talk Radio
"The founder, chairman and CEO of Melt one of America's most successful sports, marketing and branding agencies. Oh, my gosh. Then so much has happened since we last spoke. But we would be remiss we would be remiss to not mention the passing Of one of the most extraordinary Athletes in the world. And what he had to endure. Hank Aaron. It's a zoo, not just the last for baseball. It's a loss for humanity. I mean, um I grew up near Mobile. And obviously, that's where You know Hank's from and really amazing. Those guys were from there. It was just amazing. And then every summer, my ritual Woz, my parents would bring me to Atlanta. Or just the you know, hammering Hank play at the Old Fulton County Stadium. And I remember sitting in my living room at 12 years of age and, uh, and watching him do it and Don't know if you looked on my social media, but the very first autograph that I ever got As a kid. Let me to my career was from hammering Hank So, um, just an amazing amazing Human being, and just a great loss for everybody, particularly this city. Oh, absolutely. Absolutely. And he still he was still giving back. His philosophy..
Biz Talk Radio
"founder chairman" Discussed on Biz Talk Radio
"But next because here's the thing you gotta understand about college athletics It is a it's leadership is a very It's fractures the wrong word, but just the just how the the organization Of college athletics is organized versus a professional sports league. Is as truly apples and oranges, but it's not really, really fair to compare. In the NFL is private businesses, Multi billionaires. You know all of those things. A lot of these colleges. They're public institutions. So they have a saint. They have a different set of rules. And then you have these major conferences. You could call them the haves and the have nots and they make their own rules. So so, you know, and You know, the big 10 was not going to play. And then the SEC said, Well, we're going to play but You know it takes the money out for a minute, because obviously we know all about that the college football in the South. Is like professional sports. And in Boston, there's such a deep emotional connection. The college football. And so, against all odds, you know? Great. Thank you to commissioner He said. We're gonna play. And then they did the best they could. To, um To protect these kids. You know, I mean, so they pulled it off. Yeah, they really did, and actually fun to watch because You know, Usually, you know Alabama Auburn plays a cream puff 34 times a year, but there weren't any cream puffs. Yeah, three sec. It was fine. I just wish Ohio gave them a little more run for their money. That's all. Um, well, there were two or three things. Maybe Clemson wasn't as good as advertised with the know how state you know, whacked him. They maybe had fresher legs. But I'm telling you, you know what Nick's You gotta think about this and I know everybody says he knows he gets great players. But wait, wait. We've got it. We got to take a Crip. We have to take a quick break. Wildman, I'm going to let you finish that thought And just a moment we will talk about Super Bowl. We will get into a lot more. We're talking to Vince Thompson, the founder, chairman and CEO of Melt one of America's most successful sports marketing brands, and his book is called Will brand you know if there ever was a time.
MarketFoolery
GM-Nikola Deal in Flux
"Three weeks ago on this show, we talked about Nikola, the electric truckmaker because. On Day, shares of Nikola were more than thirty five percent on the news of its partnership with General Motors. That was a lifetime ago. The deal was supposed to close today. That's not going to happen in terms of closing today and. This seems like a story in Flux Maria because a couple of hours ago I was looking at that. The available information and thinking to myself well, I think I. THINK GM is backing out of this deal. We had the whole thing with Nikola and the founder Chairman of the board resigning immediately. Deleting his social media accounts, allegations coming out and it, and it seemed like. A couple of hours ago. Maybe Chan was just backing off altogether. Now it looks like they might be just negotiating better terms because shares of Nikola were down first thing this morning. then. All of a sudden. They spiked up eleven twelve percent Where do you think this is going? It's really interesting. So Nicola is has ambitious to make electric and hydrogen powered trucks. They want us and lease battering hydrogen-powered semi trucks, tip businesses for anyone who wasn't sure what the company did. So what this deal was supposed to be was GM would get two billion and Meka ls stock paid for with services and various. GM. Parts and components and GM engineer and manufactory manufacturer the manufacturer, the battery and Fuel Cell Versions of Nicholas Badger track. So at that time when they were talking about three weeks ago. which. Feels like a lifetime ago two billion dollars was an eleven percent stake because Nikola at one point, their values over thirty billion, which is larger than Ford and now the market cap is less than seven billion. So that two billion went from an eleven percent stake toe mustard over a twenty percent stake. So it's interesting if they're negotiating different terms, what that will look like going forward because two billion is now a much more sizeable chunk of that company than it was a week or two weeks ago. Yeah I mean just in terms of Nicholas stock three weeks ago on the show we when we were talking about it, it was fifty dollars a share today it's below twenty even with this little bump up. That we're seeing and it just. I want to give the benefit of the doubt Mary Barra the CEO of General Motors and her team. Because she's a very experienced you know for for whatever you think of GM, the company and whatever you think of the stock and from a stock perspective, it has not been a particularly great place to be over the last five to ten years. That being said, she's an experienced professional in this business. So I wanNA give her and her team to benefit of the doubt. I I look at. Everything that is unfolding. And I have the thought that I've had at various points in my life as an investor I look at a either an individual company or just an evolving situation and I just conclude there too many question marks here. There are just there are too many unknowns there too many question marks I kind of want to wait for the dust to settle to see what the new terms are. If the deal actually closes and then see where think shakeout. Yeah I think Nikolas definitely more of a speculative investment since a cart and they haven't actually manufactured car yet but I will say, I, am on the side of I really want them to do. Well, I hope that a deal works out with GM, because I think the future of electric powered vehicles is one that we're moving towards I think it's one that I would like to invest in I. Think Right now betting on them is completely speculative because you have no idea what they can produce but I do think it's important to note that within all of this is shown that there is a. Demand, they had an order for over twenty five, hundred electric garbage trucks from public services they there was an order I over fourteen thousand tracks from Ab Inbev which are planning to use them for long haul deliveries from breweries to distributors. So I think it's important to note that no matter what happens with this company specifically I think this trend is one that's going to have a lot of tailwind. So if I was working at GM and I wanted to be a part of that I, don't think this is a bad option I. Don't think that this deal is necessarily completely a bad idea for GM.
The EntreLeadership Podcast
Determining Your One Thing with Gary Keller
"Hey. If you're a small business owner by now, you have figured out that you can't just work in the business you got to work on the business you've got to get above it gotta do strategic planning and team building all the things that cause a business to actually scale to the next level. That's what it takes to achieve your dreams. But how do you do that? It's not that easy. From the Ramsey network this is the entree leadership podcast where we help business leaders, grow themselves, their teams and their profits. I'm your host Daniel. Tardy, and today we're GonNa talk about how you actually scale a business. How do you get out of that startup stage the treadmill stage you know the bootstrap thing where it's hard and just grinding whatever you WANNA call that stage you've got to break through it to get to the next level. But, it all starts with what we call humble beginnings. All businesses start, but they don't have to stay there and they should stay there had you've got dreams of this thing becoming a big deal and my guest today it's GonNa teach you exactly how that works. Gary Keller is the CO founder, chairman and CEO of keller-williams maybe you've heard of them well, in fact, they're the world's largest real estate firm by agent count he's a titan of his industry he's built a dynasty. But it didn't start that way. And a Gary's, case. He was a real estate agent. With no track, record. So I didn't have any real focus in college and my dad, my sophomore year says, Hey, you probably need to get a major. So he had me that summer spin a day with a lawyer David account a with a banker with a realtor not like the real tournament went back to college and turns out they were just a major mural state. So that's how I came to get my degree allstate was the dad said, just go shadow these people. As exercise I mean most dads don't have their sons do this. So that's that's fascinating to me. He was an educator. So my mother and father were both educated so that that made sense to him. I got to college study real estate came out attributed like a job. So one of the biggest mistakes the independent contractors make is they don't treat it like a job, right they get in there for the freedom and the flexibility and the possibility of untold wealth, and what they do is they take advantage of the freedom and flexibility and they overtake advantage of it, and then they never get the wealth. It's a job it's a job. So I came out of college come to Austin I'd been here once before my. Family I didn't know anybody at the time other than a former school friend and join US Real Estate Company and start selling real estate and all I did was treated like a job that is I got up early and I went to work. So I showed up and by the way there was nobody there and literally would pull my little Volkswagen into the office and there was nobody there and I just got to work and they said look you're gonNA have to generate because we're not going to give you any clients. And of course, I went oh my gosh and they didn't talk about that in college at all. You know they talked about real estate they never said you to generate a client, right? and. So I had to go learn to Lee generate and I read some books and two classes and I went out and I saw five houses my first thirty days in a city that actually never been to write other than once and I did it just by following the books I did what they told me I. Didn't one of the mistakes that we make. I think is that we try to be creative on the front end of doing something instead of the back end and when I mean is is that I had a college professor say Gary Pretty Smart. But if you look around, you realize that people have lived before you. And you might WanNA study them before you go and try to reinvent the wheel and that had a profound impact on me because my went. Okay. So what he's saying is I, should go find out where people who are doing this the best are and just mimic them until I internalize what they're doing. So I, understand it and then I can be creative off of that but. I shouldn't go in and just be creative on the front end because what do I know it would take me years to get smart by doing it and learning from me doing it. I could really speed that up I copy and other people in the beginning. So that's really what got me going. What I came to understand was sales is helping people make good decisions and I didn't. Care in the end I had no real vested interest if the decision was not to buy or if it was to buy because I was looking for clients for life and in the short term, you would think well, I needed everyone to buy because I or or sell with me because I need to make money now but I looked up and I realized pretty quick I wanted to. Have a great career, not just a great year in the way to have a great career was to not overly emphasize the moments income focus on doing right by people they'll do right by you. Right people don't care how much you know until they care right? Did you it these mantras that are not really just mantras they're actually golden rules in philosophies about how to look at things.
The EntreLeadership Podcast
Determining Your One Thing with Gary Keller
"Gary Keller is the CO founder, chairman and CEO of keller-williams maybe you've heard of them well, in fact, they're the world's largest real estate firm by agent count he's a titan of his industry he's built a dynasty. But it didn't start that way. And a Gary's, case. He was a real estate agent. With no track, record. So I didn't have any real focus in college and my dad, my sophomore year says, Hey, you probably need to get a major. So he had me that summer spin a day with a lawyer David account a with a banker with a realtor not like the real tournament went back to college and turns out they were just a major mural state. So that's how I came to get my degree allstate was the dad said, just go shadow these people. As exercise I mean most dads don't have their sons do this. So that's that's fascinating to me. He was an educator. So my mother and father were both educated so that that made sense to him. I got to college study real estate came out attributed like a job. So one of the biggest mistakes the independent contractors make is they don't treat it like a job, right they get in there for the freedom and the flexibility and the possibility of untold wealth, and what they do is they take advantage of the freedom and flexibility and they overtake advantage of it, and then they never get the wealth. It's a job it's a job. So I came out of college come to Austin I'd been here once before my. Family I didn't know anybody at the time other than a former school friend and join US Real Estate Company and start selling real estate and all I did was treated like a job that is I got up early and I went to work. So I showed up and by the way there was nobody there and literally would pull my little Volkswagen into the office and there was nobody there and I just got to work and they said look you're gonNA have to generate because we're not going to give you any clients. And of course, I went oh my gosh and they didn't talk about that in college at all. You know they talked about real estate they never said you to generate a client, right? and. So I had to go learn to Lee generate and I read some books and two classes and I went out and I saw five houses my first thirty days in a city that actually never been to write other than once and I did it just by following the books I did what they told me I. Didn't one of the mistakes that we make. I think is that we try to be creative on the front end of doing something instead of the back end and when I mean is is that I had a college professor say Gary Pretty Smart. But if you look around, you realize that people have lived before you. And you might WanNA study them before you go and try to reinvent the wheel and that had a profound impact on me because my went. Okay. So what he's saying is I, should go find out where people who are doing this the best are and just mimic them until I internalize what they're doing. So I, understand it and then I can be creative off of that but. I shouldn't go in and just be creative on the front end because what do I know it would take me years to get smart by doing it and learning from me doing it. I could really speed that up I copy and other people in the beginning. So that's really what got me going. What I came to understand was sales is helping people make good decisions and I didn't. Care in the end I had no real vested interest if the decision was not to buy or if it was to buy because I was looking for clients for life and in the short term, you would think well, I needed everyone to buy because I or or sell with me because I need to make money now but I looked up and I realized pretty quick I wanted to. Have a great career, not just a great year in the way to have a great career was to not overly emphasize the moments income focus on doing right by people they'll do right by you. Right people don't care how much you know until they care right? Did you it these mantras that are not really just mantras they're actually golden rules in philosophies about how to look at things.
Squawk Pod
Robert Smith, Vista Equity Partners; PPP & Minority-Owned Businesses
"For businesses around the world today isn't a restart it's a rethink that's why they're partnering with. Ibm retailers are keeping their systems up as millions of orders move online. Paul centers are using IBM Watson to manage an influx of customer questions with a I and solutions built on the IBM cloud are helping doctors care for patients remotely today. We're rethinking how business moves forward. Let's put smart work visit. Ibm DOT com slash thing to learn more this squad pod? I'm CNBC producer. Katie Kramer Today on our podcast private equity giant and richest African American billionaire Robert Smith on getting loans to entrepreneurs or capital is be driven. Frankly into this small businesses hands in probably give them a little more flexibility in terms of hobbies and and how to leverage technology for digital future. But I think we should think about what are the most effective ways for us to educate our population to drive forward into you know into the teacher of opportunity plus when reopening is on the Menu Cameron Mitchell restaurants founder and CEO laid off thousands of workers. Now he's opening doors again. I think we're going to survive but it's GonNa be a while before we get the hospital. It's Monday may twenty Fifth Happy Memorial Day squad. Pat Begins Right now Robert. F Smith is the founder Chairman and CEO of Vista Equity which has fifty seven billion dollars in investment capital. Vista is the fifth largest enterprise software company in the world as well and overseas more than sixty portfolio companies that employ more than seventy thousand people around the world. Smith is also the first African American to sign the giving pledge and he was recently awarded the Carnegie Medal of Philanthropy. He's on many lists as the wealthiest black American and lately. He's been working directly with the White House on the roll out of the paycheck protection program and how to get the loans in the hands of the most in need especially minority owned business. Pp was designed to rescue mainstream. According to the small business administration more than four million loans have been approved so far totaling more than five hundred billion dollars. Here's Andrew Ross Sorkin with billionaire businessman and Philanthropist Robert F Smith. You had worked with the White House on this program and so I just ask you to start by giving it a grade. Do you believe the money's getting where it needs to go. You know be first Tron of the P P P I think was challenge to get to the the small businesses small medium businesses a second charter for being a lot more effective But one of the things we discovered. Angela's US not discussed is that there is a frankly banking desert's in a lot of the communities about seventy percent of the African American community. Actually don't have a branch bank and so we've been working with a they treasury you know senator Sector MNUCHIN and Senator Schumer in Pelosi Dachsie work on building capacity and what I saw the capillary banking systems which are the community development financial institutions and a minority depository institutions building out the Pasadena to get these dollars into the hands of these small businesses which are essential to our communities so what are those capillary banks. Look like who you to right. If you are a small business owner this morning listening to you this morning. Where did you go go? Go to get that money then. So there's a bad a little over a thousand of these days. Cdfi's and the India is and these banks typically are in the communities there mainly in what we call targeted communities Unfortunately a lot of the larger banks don't bank those organizations those businesses any longer and is about ninety four percent or so of the African American businesses are so proprietorships and don't have banking relationships. And so what we've been doing is is enabling. Technically enabling got some wonderful teams have been ebeling these businesses they interface with the transit system at the and you can go to number places. There's national bankers dot org goes National Action Network. We've been worked black churches. Our Fair share A number of organizations that we've been working with to enable these banks to be able to processed loans and we just probably about ninety billion dollars or so left in the second of AP and I think it's essential if these small urban businesses African American Latin next businesses get Get their share This stimulus capitals of really frankly Repair some of the economic damage that this covert virus
Marketplace Tech with Molly Wood
Should Big Tech pay more to help the homeless in San Francisco?
"This. Marketplace podcast is brought to you by Colgate. University now in its bicentennial year. Colgate university is celebrating a proud tradition of intellectual rigor at it's beautiful campus in central New York. The deadline for early decision this November fifteenth. Learn more at Colgate dot EDU and by G, suite by Google cloud. A suite of cloud based productivity tools that includes g mail docs, slides sheets and drive. You can make real time updates to the same document without having to keep track of multiple versions. And since all the tools are cloud based your whole team can access the same document and work on the same page at the same time make it with G suite by Google cloud. Learn more at G, suite dot com. Does he oh of Salesforce says homelessness is his problem from American public media? This is marketplace tech demystifying the digital economy. I'm Ali would. In San Francisco next week voters will decide whether the city's largest companies most of them tech companies should pay tax that will raise money to help homeless. Families. Other cities have tried similar efforts voters in Seattle recently overturned attacks on large employers that would have funded affordable housing efforts. This city is biggest tech employer their Amazon strongly objected. But in San Francisco, the city's biggest tech employer is four the measure, Mark Benny off is the co CEO of Salesforce. And yes, the guy who just bought time magazine, he's stumping for the ballot measure called proposition c he said Salesforce recently held its annual dream force conference downtown and attendees from all over the world were horrified. I could tell you how many phone calls and emails and stories have had from people who had adverse interactions with homeless terrible situations with the cleanliness of our streets, including encountering human feces and other terrible things. And you just have to ask yourself. What has happened to our great city here? And that's why I'm supporting proposition c you know, in some ways a business tax in San Francisco is really attacks on the tech industry, which has come under fire for all kinds of problems, including the housing crisis and economic inequality. Do you think that's fair should this industry shoulder the blame for the homelessness crisis and other social problems in San Francisco or anywhere else? Well, I think you know, Salesforce is the city's largest employer, and we are also the largest company in San Francisco, we're doing just fine. Our companies worth about one hundred billion dollars other companies here at them all up its hundreds of billions of dollars and all of this. Well, it has been built on the back of our city. And the question is are you giving back to the city now in a New York Times op-ed, you argued that business half's to have a purpose beyond prophets. And that that can be good for business to the counter argument that you quoted was Milton Friedman saying that. Who get in on social issues can undermine the basis of a free society considering that we've seen a lot of CEOs across tech another industries get more involved in policy and CEO's like you and Jeff Bezos and Mark Zuckerberg increasingly control methods of communication in the media. Can you see an argument for Friedman side, the idea of undermining the basis of a free society or unintended consequences at a minimum today? I could tell you that especially here in San Francisco, you cannot separate business from our city. You know, you can't tell me that this homeless problem is not my problem is the city's largest employer. It's my employees who don't feel safe going to our transit station. It's our customers. You don't feel safe coming to our conferences? So is this homeless situation somehow separate from my business? No the business of business is about the whole world. Mark Benny off is the founder chairman and co. CEO of Salesforce. Now, plenty of tech companies don't support proposition c lift stripe NBC funds acquire capital oppose it square and Twitter. CEO Jack Dorsey has also said it's not the right solution. And now for some related links related to the tech industry and social issues. Some two hundred Google employees plan to walk out of work today to protest how the company is handled sexual misconduct allegations a report in the New York Times earlier this week said Google had paid Android creator. Andy Rubin ninety million dollars to leave the company even though he'd been sleeping with multiple Google staffers and allegedly sexually assaulted woman. He was dating and after that came out the company put out a memo and said it had fired forty eight people for sexual harassment in just two years. Another one actually happened yesterday. A director at Google x is out. He was named in that time story about inappropriate behavior. None of those forty eight people got paid for leaving though. And then Tuesday in courts, the head of Google X gave this long interview about how he thinks that gender inequality is quote the single. Biggest fixable problem humanity has and he said men need to listen and change. So that's nice. I mean props for cleaning house or whatever. Okay. Totally other topic. Check out the latest episode of the podcast. Why'd you push that button from the verge, which is about my favorite topic group chats because you know, how I think they're actually the future of social networking, and I think apple needs to release. I message for everyone and be an actual Facebook competitor for the podcast has the director of product management for Facebook messenger. And as it turns out, according to a story in wired, Mark Zuckerberg said during Facebook's financial results, call Tuesday that the news feed will be less important and ephemeral stories and messenger, and what's up. We'll be more important. So the vision Facebook has pushed on us for ten years. A big huge comments full of people you barely know. Disagree with actually makes us feel bad about ourselves and gets boring really fast. And all we really wanted was a nice day place to talk to each other. And be friends. Glad to see that now. But, you know, props for cleaning house, or whatever I'm Ali would. And that's marketplace tech. This is APN.
Houston Morning News
Enron fraud architect Jeff Skilling released from prison
"Oh five former Enron CEO Jeffrey Skilling. Released from an Alabama prison living in a halfway house undisclosed location sixty four year old sentence in two thousand six to twenty four years in prison and a forty five million dollar fine after being. Convicted on multiple counts of fraud conspiracy and insider trading his. Sentence was reduced five years ago in a plea deal the Enron collapse in, two thousand, one was the largest bankruptcy in. US history founder chairman Ken Lay convicted along with skilling he died of a heart. Attack six weeks later while his case was under appeal and so that conviction was thrown
Ron and Don
Papa John's founder John Schnatter resigns from Louisville board of trustees
"Tracy thanks for that this is just a crazy story i don't think we know him as a john schnatter shot asner is sh ner you say shattner yeah we don't know as john just known as papa john's and we know him as the guy would hang out with peyton manning and they would tell us to buy pizza at halftime so some of us would go and we buy pizza and then we also knew him as the guy that did a nationwide search for the car that he had in high school that it had to sell in order to start his first papa john's franchisee found that car and i think he paid the gentlemen what was it crazy a crazy amount of my like five hundred thousand dollars or something to get his car back paid a lot of money you get this car back and you just always saw him is a guy who was interesting he was always around interesting people always around athletes hung out with peyton manning a lot in fact i think peyton had eighteen franchises in denver because he was spokesperson i think there's a trade that happen and then also i remember a number of years ago we went to the super bowl in phoenix and we're reporting from there and john was there and you have a lot of superstars that come from all different types of sports and they walk on radio row there's about one hundred twenty radio stations and they go from radio station to radio station radio station and everybody's either selling a book they're selling a podcast they're selling an energy drink they're selling something and he would go from radio station radio station in and the people that were anyone that wanted a selfie they wanted a selfie with papa john's that's who they wanted a selfie with right anyway we found out something today through forbes magazine because a number of months ago he resigned from the pizza chain and nobody knew why well according to forbes this afternoon let's say john schnatter the founder chairman and public face of the pizza chain papa john's actually use the n word on a conference call back in may he has now confirmed the incident and the email statement to forbes on wednesday to call was arranged between papa john's executives in the marketing agency notice landry services it was designed they were going to do some role playing because evidently every time he went on tv or every time he talked about the nfl or he was being asked because i spent a lot of money on the nfl about players kneeling and how he felt about that they felt like he was sticking his foot in his mouth and as a result of that papa john's are suffering they were so unless pizza and they were losing market share and as a result of that they said let's do some role playing here so they're on the call in may and they ask him how he would distance himself again this is just role playing how would you distance yourself from racist groups online he responded by downplaying the significant of significance of his nfl statement and he said this quote colonel sanders called blacks and then he used it he used that word he used that word the n word he used it and then he started complaining that colonel sanders never faced public bash la backlash as a result of that have gone and he talked about how growing up in indiana where he lived that black people were pulled behind drag behind trucks until they died again this is in reference to how would you distance yourself from racist groups but if you remember what was happening at the time the kneeling in the nfl was breaking along racial lines and there was there still is a wide divide between how a lot of white people view that versus how a lot of black people view that and he was at the front of this charge for the nfl saying you gotta fix this because the ratings need to come up if when the ratings come up we sell more pizzas and you also charging us in advertising rate based on this rating number and you're not bringing in the rating number so figure out this kneeling thing so that the ratings will go back up so then to go on and talk about men being drug behind trucks are dragged behind trucks until they died and using the.