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Modat @MODAT

**frat-boy lewdness** -The New Yorker favstar.fm/users/MODAT Fort Myers, FL USA Joined June 2007
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Ryan Cohen @ryancohen

7 months ago

The Hollow Men American capitalism is rotting from the head down. We have replaced the "Owner-Operator"—the risk-taker-with a new, parasitic class of corporate bureaucrat: The Risk-Free Insider. By "Insider," I am not referring to a specific title. I am referring to the entire administrative state that has captured the modern corporation. This includes the Directors who exist solely to collect fees, the Executives who exist solely to collect bonuses, and the Managers who exist solely to hire consultants. These are the hollow men of the boardroom. They are masters of PowerPoint. They wear the right suits. They say the right buzzwords about "governance" and "ESG." But they are mercenaries fighting a war with someone else’s ammunition. In a functioning economy, authority is tied to liability. If you make a bad decision, you lose your own money. That fear of loss is the only thing that keeps a business honest. It forces you to cut waste, obsess over the customer, and stay late to fix what is broken. Today, we have severed that link. We have rigged the game so that heads, the Insider wins; tails, the shareholder loses. If the stock goes up, the Insider collects a massive performance bonus. If the stock crashes due to their own incompetence, they are fired with a "Golden Parachute" worth tens of millions. They are gambling with the house’s money, and they never leave the table poorer than they arrived. This looting starts in the boardroom. We have normalized a "Country Club" culture where directors are selected based on social profiling rather than their ability to build a business. The modern board member is often a professional tourist—paid an average of $350,000 a year. Let’s be brutally honest about what that number represents. The average director is paid nearly five times the GDP per capita of the United States. They earn more for attending four quarterly lunches than the vast majority of Americans earn in five years of hard labor. And for what? Most of these directors are "over-boarded," sitting on three or four boards simultaneously. They treat directorships as a gig economy for the elite. They fly in, rubber-stamp a compensation package they didn't read, and fly out. They collect checks from companies they do not understand, do not use, and certainly do not love. They are not there to ask hard questions. They are there to be collegial. They are there to protect the other Insiders. And what happens when these boards hire executives who also have no personal capital at risk? We get the Delegation Economy. When a Risk-Free Insider faces a crisis—bloated expenses, a broken supply chain, or a stale product—they do not roll up their sleeves. They hire a consultant. They pay a strategy firm millions of shareholder dollars to produce a 100-page deck telling them what they already know. This is not management. It is intellectual money laundering. They use shareholder capital to buy an insurance policy for their own careers. If the plan fails, they can blame the consultants. They delegate the work because they are terrified of the responsibility. They would rather preside over a slow, comfortable decline than risk a bold mistake. While American Insiders are busy optimizing their severance packages, our global competitors are optimizing their products. They are not slowed down by bureaucracy. They are not waiting for a slide deck. They are outworking us. If we continue to fill our C-suites with administrators instead of operators, we will lose our edge. We will see iconic American franchises hollowed out by fees, managed for the benefit of the Insiders, while the true owners—the shareholders—are left holding the bag. The time for polite governance is over. If we want to save the American economy from mediocrity, we must demand a return to the "Owner’s Mentality." We need leaders who treat shareholder capital with the same reverence they treat their own savings. The era of the Risk-Free Insider must end.

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Modat @MODAT

10 months ago

Bubba Blowie! Bubba Blowie!

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Modat @MODAT

a year ago

Apologies to the B-52s, but at my age, taking it hip to hip is the only way I can get around and each trip begins with a piss.

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CALL TO ACTIVISM @CalltoActivism

2 years ago

HOLY LORD, every Christian must see this!

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Modat @MODAT

3 years ago

Pro Tip: Don’t be afraid to take the first step. Then, tell each foot it’s better to be in front of the other.

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Modat @MODAT

4 years ago

This New Year, I’m turning a corner. There’s no bar on this block. #HappyNewYear2023

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Modat @MODAT

4 years ago

The Fort Myers Pier and the Naples Pier were both destroyed by Hurricane Ian. Piers Morgan was unaffected. Make of that what you will. #HurricaneIan

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Modat @MODAT

4 years ago

I just misspelled “charities” as “charitities” and now my inner 13-year old wants to make a donation.

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Modat @MODAT

5 years ago

To the packaging industry that puts on twist ties: Pick a fucking direction!

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Modat @MODAT

6 years ago

Was a little surprised that this souvenir shop at this olive factory is stuffed with mementos—not pimentos.

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Modat @MODAT

6 years ago

For the record, this voting booth will not accommodate a giant hamster ball. Check first before you go.

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Modat @MODAT

8 years ago

Fuck it. Tonight, I’m going to set my Sleep Number bed to 2020 and see what happens.

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Modat @MODAT

12 years ago

Right now, somewhere in Brazil, there is a cop thinking to himself, "Damn! American cops need to dial it back a little."

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Modat @MODAT

14 years ago

@ChrisMurphyCT Yes. On Washington, DC.

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Modat @MODAT

14 years ago

A profile might say "change maker" and a "visionary" when in reality, they probably work at a laundromat and look out the window a lot.

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Modat @MODAT

14 years ago

RIP Aretha Franklin's Hat

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David Leibowitz @davio1962

14 years ago

WAIT, THERE'S NOTHING IN THIS AIR AND SPACE MUSEUM!

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Modat @MODAT

14 years ago

Installed a red light camera on my bed. I like to mail women a picture of where-during anal sex-I failed to stop when indicated.

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Modat @MODAT

14 years ago

An image of Mitt Romney just appeared on my waffle. That's odd because today, he's pretty much toast.

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Modat @MODAT

14 years ago

@KirstensDesk No charge for you, Beautiful!! :)

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