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TitlePub. DateDuration
Zappos / Tony Hsieh: The Dark Side of Happiness21 Nov 202501:27:29

Thank you for listening to another season of the podcast! We'll be back in February with new episodes. Got suggestions / thoughts / feedback? Email becca@nitetoast.com

For bonus episodes, book club, and the aftershow, join us on Patreon

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Watch on YouTube

Trigger warning: suicide, drug use, overdose 

Tony Hsieh had a life other entrepreneurs dreamed of. He was the wealthy CEO of a wildly successful ecommerce company with a legion of devoted customers and employees, currently on a bus tour to spread the gospel of his unique management style. But under the surface, cracks were starting to show, and Tony was falling into a severe drug and alcohol addiction. Years after his death that bus tour was a clear turning point in Tony's story, but for those around him at the time, it was just Tony being Tony. They had no clue how much darker things could get. 

See pictures from today's episode on Substack

Thank you to our episode sponsors: 

New York Interventionist

Goodword

Email our good news correspondant with tips: elizabethliu526@gmail.com

Timestamps: 

2:00 - Intro / show notes 

6:00 - Zappos / Tony Hshei story 

1:20:00 - Good News & Adam breaks a chair

Links: 

Wonderboy (Book)

Internal Memo: Zappos is offering severance to employees who aren't all in with Holacracy

How Tony Hsieh Tried to Single-Handedly Transform Downtown Las Vegas

The Rise and Fall of the Management Visionary Behind Zappos

The Death of Zappos's Tony Hsieh: A Spiral of Alcohol, Drugs and Extreme Behavior

Amazon Changes at Zappos Slowly Dismantle Tony Hsieh's Legacy

'Money's a powerful motivator,' Friends, documents detail Las Vegas entrepreneur Tony Hsieh's final months alive

Spinato's Employees Get a "Slice of the Pie" as Spinato Family Transitions 49% of Company Ownership to Eligible Employees

Iconic Cincinnati company Graeter's to become partially employee-owned

Sam Altman & Open AI Part 2: King D*ck of Liar Mountain29 Aug 202501:21:38

Please rate and review this podcast!

We're back with part two of our series on Open AI (we're done after this one for a while). Everyone's making everything up all the time and no one has any idea what will happen in the future. In this episode, we cover the wild claims made about AI and AGI and how those predictions are being used to justify environmental destruction and human exploitation. Also Sam Altman stands on his tippytoes. 

Listen to the aftershow on Patreon

Today's sponsors are Darling Beasts, a book by Michelle Gable and The Talent Spot

Advertise with us! 

 Pictures from this episode

Submit a good news story by email to our good news correspondent elizabethliu526@gmail.com 

Links: 

Empire of AI (Book) 

'There was all sorts of toxic behaviour': Timnit Gebru on her sacking by Google, AI's dangers and big tech

AI is draining water from Areas that need it most

Small Oregon county reckons with fallout from data center scandal

Arizona city defeats massive data center project over water, energy concerns

Behind the AI boom, an army of overseas workers in 'digital sweatshops'

TIME100 AI 2024: Mophat Okinyi

 

OpenAI & Sam Altman's Sad Sack Band of Goons16 Aug 202501:48:55

Please rate and review this podcast!

CW: Child Sexual Assault 

Meet Sam Altman, one of the most powerful men in tech (also maybe evil Pete Buttigieg??) and his posse of boy pests. We take you deep into the bunkers of Silicon Valley to Sam's inner circle to figure out how he became so rotted. Was it insecurity? Napoleon syndrome? OR SCURVY INDUCED PSYCHOSIS ??? 

Listen to the aftershow on Patreon

Watch on Youtube 

Today's sponsors are Brick of Chicago and Neurorenew PT

Advertise with us! 

Pictures from the episode

Submit a good news story by email to our good news correspondent elizabethliu526@gmail.com 

Links: 

You look like a thing and I love you (Book)

Empire of AI (Book) 

The Worst Hard Time (Book) 

Sam Altman Is the Oppenheimer of Our Age

Sam Altman's Manifest Destiny

Sam Altman on His Plan to Keep A.I. Out of the Hands of the "Bad Guys" 

Leaked OpenAI documents reveal aggressive tactics toward former employees

Know Your Rights Virtual Workshop

 

Match.com / Tinder: Boy Boss Amateur Hour01 Aug 202501:26:39

Why is it that no one wants to see a hot guy succeed?!!!?

This is the story of the three best friends, lead by Bell Air Boy Boss Sean Rad. They created Tinder and became the coolest millennials in LA, hosting parties with Jason Derulo and Kristen Doute and preparing their bank accounts for an influx of cash after being acquired by Match.com. But it's hard to read the fine print on a legal document by the light of a glow-stick! And while they were partying, Barry Diller was scheming from his megayacht. Soon, their viral app would be swiped from under them. 

Join the Patreon for bonus episodes!

Watch on Youtube 

Advertise on Corporate Gossip

Pictures from today's episode 

10:00 - Intro 

23:30 - Corporate Gossip #1: Here, put on this bedsheet and gladiator sandals, we're going to a COLLEGE TOGA PARTY!! FOR BUSINESS!! 

37:00 - Corporate Gossip #2: Business daddy issues 

46:00 - Corporate Gossip #3: Tinder founders - "we're stupid, BUT we're also sexual harassers, (allegedly)"

51:30 - Corporate Gossip #4: Nanci Jo Sales strikes 

56:30 - Corporate Gossip #5: The VC urge to give a bunch of 20 somethings a million dollars and no oversight 

1:04:00 - Corporate Gossip #6: Literally Match I Double dog dare you to find someone to be CEO who isn't a dumb creep

1:12:25 - Corporate Gossip #7: Nasty Grams from Blatt

1:15:00 - Corporate Gossip#8: Follow up & Takeaways 

Links: 

Mr. (Swipe) Right?

'Sodomy' and scandal: Tinder's thoroughly embarrassing stock-market debut

 A Tinder Revenge Story The revolutionary dating app made a lot of people rich. Co-founder Sean Rad didn't feel rich enough.

An Open Letter to Tinder's Sean Rad from V.F.'s Nancy Jo Sales

Thank you to today's sponsors! 

Karinas Confectioneries

Ellin Lolis

 

 

EMERGENCY EPISODE! The Astronomer CEO scandal and other messy executives18 Jul 202500:32:01

The CEO of tech company Astronomer was caught at a Coldplay concert canoodling with the head of HR in a video that has since gone mega-viral. And SUDDENLY everyone is interested in what I thought was a niche topic - CEOs behaving badly!! 

In this emergency episode, I review the latest in the Astronomer scandal and recap my favorite executive cheating scandals that we've covered on the podcast. 

Correction: In an earlier version of this epiosde, I said Friends and ER were on CBS. They were not, they were on NBC. I also said Rupert Murdoch's wife was "Jerry Halloway" not "Jerry Hall." That's because I'm a millenial and I'm always thinking about the Spice Girls. 

Timestamps: 

00:00 Astronomer 

07:25 - Kevin Plank (Under Armour) 

13:30 - Sergey Brin (Google)

20:00 - Les Moonves (CBS) 

24:30 - SBF (FTX) 

26:00 - Jack Welch (GE) 

27:20 - Rupert Murdoch (NewsCorp / Fox News) 

I also touch on Dov Charney (American Apparel), Eddie Antar (Crazy Eddie), The Insys Sales Reps, and Vince McMahon (WWE) 

 

State of the show: Summer break, Adam's brilliant idea, good news for birds, MBAs, Amphetamines and more!16 May 202500:38:39

Checking in before our OFFICIAL Corporate Gossip Summer Research Break! We'll be back in July with regular episodes.

Join us on Patreon 

Sign up for the Corporate Gossip Ad program here

This Brain Had a Mouth: Lucy Gwin and the Voice of Disability Nation

Audubon chapter rejects offer from The Hartford to reinstate coverage

BTW - we forgot to mention, but after The Hartford said they'd reinstate coverage, the Audobon chapter told the company to kick rocks! 

Facebook Part 2: Mark Zuckerberg & The Curse Of The Baby Bangs03 May 202501:37:54

For bonus content and discussions on each episode join us on Patreon

We wrap up this absolute UNIT of a two part episode by examining the Facebook story by stepping into our proverbial blue sequined rompers and seeing the world behind Mark Zuckberg's baby bangs. BUCKLE UP as Becca and Adam try to figure out - did the accumulation of unchecked power and extraordinary wealth over 20 years take ice cream scoops out of Mark Zuckerberg's brain? OR did his unique position on top of business boy mountain give him the freedom to reveal the curly-haired gremlin that was always hiding within??

Links: 

Pics from the episode

The Zuckerberg Files

It's Time to Break Up Facebook

 How Mark Zuckerberg Led Facebook's War to Crush Google Plus

Mark Zuckerberg Apparently Didn't Tell Congress the Whole Truth About Facebook

An Ugly Truth

Careless People

Good News: Inside a Union's Fight Against Trump's Federal Job Cuts

Got good news? Email our Good News Correspondent elizabethliu526@gmail.com

Facebook Part 1: Sheryl Sandberg & The Curse of the BOB18 Apr 202501:24:24

For bonus content and discussions on each episode join us on Patreon

If Sheryl Sandberg & Mark Zuckerberg never encountered one another at a Christmas party in Atherton in 2007 would the world have been a better place? Find out as we go ALLL the way back and trace the story of Sheryl Sandberg's Dr. Frankenstein and her Mark Zuckerberg monster.

Was there sexual tension between the two of them (no one explicitly has said that but I PICKED UP ON A FEW THINGS!)??. Were either of them good people who were corrupted? Or were they destined to seek power and destroy once they reached the top? What about now? Do they feel ashamed about the lives they've destroyed, directly or indirectly? Do they hate themselves more than we could ever hate them? Are there ANY heroes in this story at all? What do you think?!

Links:

Pics from the episode

Why Sheryl Sandberg Quit Facebook's Meta

"When You Get That Wealthy, You Start to Buy Your Own Bullshit": The Miseducation of Sheryl Sandberg

An Ugly Truth

Careless People

Got good news? Email our Good News Correspondent elizabethliu526@gmail.com

 

Bonus! Charlie Javice vs. PeePaw: The Final Chapter27 Mar 202500:38:49

This was going to be a Patreon exclusive but I decided to make it free for everyone! If you want to support this indie podcast, consider joining the Patreon. You'll get bonus content twice a month, discussion posts with me and other members, and extra juciy content that didn't make the cut on regular episodes! 

The jury is now deliberating! What do you think? Guilty or Not Guilty?

At the closing arguments of US vs. Charlie Javice, aka the Jose Baez oral rollercoaster. WEEE!!! Highlights include:

  • The Monopoly Man is ACTUALLY J.P. Morgan

  • Jamie Dimons "widdle baby" defense

  • A scorned bank employee hopes to save bank daddies reputation

  • As always, hyper realistic drawings that bring you into the belly of the lower Manhattan District Courthouse

     

Etsy: Hipster Bambi vs. VC Villains21 Mar 202501:21:17

In 2007, the mecca of hipster paradise was the Etsy headquarters in Brooklyn. Etsy epitomized elder-millennial quirk with a sprinkle of digital delusion, and no one personified the vibes quite like their CEO and founder, Rob Kalin. 

But while Kalin and his friends were building a crafters utopia, a ruthless venture capitalist had another plan for the company: destroy it from the inside out and get SUPER rich doing it.

Join the Patreon for bonus episodes and discussion! 

Pictures now on Patreon (no paywall!)

Links:

Etsy Wants to Crochet Its Cake, and Eat It Too

Etsy Was a Twee Culture Punchline. Now It's a Wall Street Darling.

Etsy CEO says company is escaping 'race to the bottom' and getting back to its artisan roots

 

Charlie Javice & The Frank Fraud: Barely Legal07 Mar 202501:14:38

Please share this podcast with a friend! 

Charlie Javice is another Forbes 30-under-30 uber-genius-startup-founder (see: SBF, Elizabeth Holmes, or Carlos Watson) who spent about 18 months in the warm center of the venture capital fake-it-till-you-make-it circle jerk before the sisal rug gets pulled out from under her. Once she was exposed as a total phony, every investor immediately covered their own ass and scrub the internet of any trace of themselves slobbering all over her. But one investor, JP Morgan's Jamie Dimon, took it a step further, and (in our opinion) weaponized the United States Justice Department to punish Javice for embarrassing him infront of his big bank friends!!! 

Pictures from this episode on Substack

We're an indie podcast supported by listeners like you! Support us by joining the Patreon, and get two bonus episodes every month! I'm also covering the trial in more detail over there. 

Got an idea for a good news story? Send an email to our good news correspondant elizabethliu526@gmail.com 

Links: 

USA v. Javice

How Charlie Javice Got JPMorgan to Pay $175 Million for … What Exactly?

Charlie Javice, Millennial CEO Sued by JPMorgan, Was a 'Namedropping' Cool Boss

The 8 Most Confusing Things About FAFSA

Jamie Dimon Says Frank Acquisition 'Was A Huge Mistake' After JP Morgan Alleges Millions Of Fake Customers

 

Outdoor Voices: Ty Haney's Groundhog Day (UNLOCKED!)08 Nov 202501:05:56

This is an updated and unlocked version of an episode that was earlier published exclusively on Patreon. Join now and enjoy FOUR extra episodes a month for as little as $5! 

Ty Haney is back at Outdoor voices, the cult athleisure brand she founded. Can she successfully suck us all into her time machine back to 2014? Or will this company's death rattle be loud enough to convince the brand's private equity investors to put OV out of its misery. 

Today, Adam and Becca try to figure out how the once beloved brand got so weird and shitty and how Ty Haney fell off the top of the Abby Lee Miller girl boss pyramid. 

All pics can be found on Substack

Watch on Youtube 

Email our good news correspondant with tips: elizabethliu526@gmail.com

Advertise on the Corporate Gossip Podcast

Links: 

Outdoor Voices Became A Staple For Millennial Cool Girls Thanks To Its Chill Aesthetic. Employees Say They Were Drowning.

Outdoor Voices Founder Ty Haney Has Moved On. Mostly. Three years after her dramatic exit as CEO, she still has some things she'd like to say.

How Outdoor Voices, a Start-Up Darling, Imploded

Ty Haney is Elon Musk's Reply Guy

Outdoor Voices founder Ty Haney accused of defrauding investors in $3M energy drink deal

 

 

eBay: Dorkfellas22 Feb 202501:10:37

This is an episode for our true crime lovers! we're talking about a 2019 GANG STALKING SCANDAL that involves the executives at a fortune 500 company criminally stalking a sweet old couple. What made these executives so mad? The chief executives at Ebay so deeply butthurt about a comment the couple made on their niche ecommerce blog that they crashed-out into a goodfellas-esque, rage fueled paranoid spiral, and orchestrated a highly illegal stalking and harassment campaign against them. 

Pics on Substack

Join us over on Patreon for bonus episodes twice a month. Right now I'm also attending the trial of Charlie Javice and providing regular debriefs from the courtroom. We are a 100% ad-free community supported podcast! 

Links from today's episode (let us know if you need gift links) 

Elliott Management letter puts eBay on notice to improve stock performance

Inside eBay's Cockroach Cult: The Ghastly Story of a Stalking Scandal

Silicon Valley elite defend nonprofit CEO with dark past - San José Spotlight

A Special Message for EcommerceBytes Readers

JUUL: Puff Daddies07 Feb 202501:19:01

Please share this podcast with a friend :) 

PLUS good news about a health care strike in Oregon!

We emerge from the vapor haze of a high school bathroom (how are these kids blowing PERFECT smoke rings??) to tell the tale of two Stanford grads who did what every single-celled-business-ameoba-boy dreamed of doing but was too scared to actually commit to doing - MAKE SMOKING COOL AGAIN!! They undid decades of work by doctors and public health advocates and turned millions of kids who would have never smoked a traditional cigarette into nicotine dependent freakazoids. CA-CHING!!

Riddled with RAGING CASES of silliconvalleyitis, Juul's founders market their powerful nicotine delivery device straight to kids while the FDA was taking a well-deserved half-decade nap. They BLITZSCALED their way to a $38billion valuation and made like 50 people a lot of money.

But of course, after the BLITZSCALE comes the HYPERFLOP...

Research:

The Devil's Playbook by Lauren Etter

Big Vape by Jamie DuCharme

Commonwealth of Massachusetts v. JUUL Labs

The Juul Is Too Cool

How Juul Got Vaporized

Links:

See pics on our Substack

Join the Patreon

Support the pod by buying us a coffee 

Record YOUR podcast at Producer Mike's studio!

E-mail our Good News Correspondent with good news stories! elizabethliu526@gmail.com 

23&Me (&Anne&Sergey&Elon) + State of the pod24 Jan 202501:20:07

We're BACK and starting off with an absolute banger! Sit back and enjoy the messy escapades of a bunch of horned up teenagers trapped in adult bodies: 23&Me Founder Anne Wojcicki, Google co-founder Sergey Brin, and A Bald Eagle's worst nightmare, Elon Musk. With cameos from RFK Jr (POST Brain Worm) and the corporate scandal Forrest Gump, Diane von Furstenberg, this episode is the WHOSE WHO of Silicon Valley hanky panky.

We also update our listeners on the state of the podcast, including exciting changes around 1:11:00

Catch bonus episodes on Patreon

View pictures on our Substack

Support the pod by buying us a coffee

Check out Mike's new studio! 

Links: 

The Doyenne of DNA Says: Just Chillax With Your Ex

O.K., Glass: Make Google Eyes

As 23andMe Struggles, Concerns Surface About Its Genetic Data

S4 Finale! Bob's Red Mill: Porridge Daddy & Listener Questions02 Aug 202400:57:55

Don't forget to rate and review! 

Becca and Adam talk about the Giggly Grain Grandpa: Bob Moore of Bob's Red Mill. But don't toss your oats just yet, this is a good episode. We'll teach you how to have a Bob Moore Summer (Perfecting your porridge, socializing the means of production, hyperfixating on hobbies, and being jolly) and restore your faith in CEOs. 

Then we answer listener questions (37 min mark).

THANK YOU! For another great season - we'll see you soon :) 

Support the pod 

Pics on substack

Links:

Bob's Red Mill: Securing The Future Through Employee Ownership

Bob Moore, Who Founded Bob's Red Mill, Is Dead at 94

Executive greed is driving the labor shortage, says 93-year-old leader whose workers own 100% of the company

American Apparel & the Millennial Cult of Dov Charney26 Jul 202401:12:12

Put on your flower crowns and don your skinniest jeans and join us at the center of the Millennial universe: Coachella 2007! 


Adam & Becca meet the personification of the turn of the century hipster entrepreneur, Dov Charney. Sitting atop a pile of v-neck t-shirts ethically made in the USA, Charney was somewhat of a renegade business oddity on wall-street. But for the 20-something dreamers that clamored for the brand's clothing, he was a captivating revolutionary. Their devotion, along with a bevy of young corporate employees, easily exploited under the guise of "a greater purpose," allowed American Apparel to rapidly expand and IPO in 2007. The stores were everywhere you wanted to be… until they weren't. 

Eventually, abuse allegations coupled with financial mismanagement threatened Charney's reign as king of t-shirt mountain. With the walls closing in on him, he spiraled out of control… taking the company he founded with him. 

CW: Sexual abuse 

Pics on substack

Support the pod 

Links: 

Read Strip Tees: A Memoir of Millennial Los Angeles

Watch Big Rad Wolf 

The Young Garmentos (and the If Books Could Kill episode on Malcom Gladwell)

Meet Your New Boss 

Dov Charney's Sleazy Struggle for Control of American Apparel

 

Crazy Eddie, Fraud Mother?19 Jul 202401:04:54

NO ONE does fraud like Eddie Antar, and Crazy Eddie is the bizarre story that got Becca hooked on fraud! 

Adam, Becca, and their Dad Jeff pop a few ludes and drop down the rabbit hole into a 1970's New York City punk rock fever dream. They meet a young Eddie Antar scamming tourists in a seedy Time Square clip joint and follow his journey to become the eccentric millionaire founder of Crazy Eddie Electronics. Antar was a marketing genius, and by the mid 1980's commercials for the chain were inescapable, shoppers were practically screamed at to rush out to Crazy Eddie's because 'HIS PRICES ARE INSANE!!!!' 

The insane prices, of course, were facilitated by an elaborate criminal racket. Money laundering, insurance fraud, tax evasion, bribery, insider trading… Eddie Antar did it all! But when the cash begins to dry up, Eddie's increasingly desperate and brazen behavior puts him in the crosshairs of the SEC. That's when Eddie Antar became an international fugitive and left his family, who enabled and benefited from his behavior, holding the bag.

 Support the pod 

Pics on our Substack

Links: 

Read Retail Gangster: The Insane, Real-Life Story of Crazy Eddie 

Crazy Eddie commercial from 1982

Remembering Crazy Eddie: His Prices Were Insane

 

Intuit & Turbo Tax: Girlboss, Gaslight, Gatekeep12 Jul 202401:07:37

Why does doing taxes suck so much? Because Capitalism!

Over the past 20 years, the lovable dweebs at the IRS have been on a quest to make filing personal taxes free and easy. They say America should be like other countries, where the government sends you a pre-filled tax return and all you have to do is sign-off. Seems like a no-brainer, right? Like what kind of deranged psychopath wouldn't want that? 

Enter Intuit, maker of tax preparation software Turbo Tax, and their disgruntled band of lobbyists. Their entire business model depends on you being afraid to screw up your taxes. So they bribe lawmakers to over-complicate tax laws, threaten the government into underfunding the IRS, and run dubious misinformation campaigns alleging that free tax filing is somehow… racist? 

The nefarious knuckleheads at Intuit would have gotten away with it too if it weren't for the determined efforts of Propublica journalists. They joined forces with the unlikely heroes at the IRS, and from a muggy basement office in Washington they stood up to Big Tax and won. 

We <3 the IRS and you will too after this episode! 

Support the pod 

Pics on our substack

Links: 

How Intuit Reinvents Itself (Fortune)

The TurboTax Trap (ProPublica Investigation series)

IRS makes free tax return program permanent and is asking all states to join in 2025 

 

BONUS: Interview with Winning Fixes Everything author Evan Drellich10 Jul 202400:40:41

ANOTHER BONUS EPISODE! Becca & Adam talk to Evan Drellich, the author of Winning Fixes Everything: How Baseball's Brightest Minds Created Sports' Biggest Mess

Read Winning Fixes Everything: How Baseball's Brightest Minds Created Sports' Biggest Mess

Support the pod 

 

Astros: McKinsey Strikes Out05 Jul 202401:06:50

America's pastimes: Baseball and Fraud! 

What happens when a bunch of fleece-vested jabronis take over a Major League Baseball team? Becca and Adam hop the fence at the stadium formerly known as Enron field and bring you the tea from the front-office of the Houston Astros. 

Two years after the Astros won the World Series, the Athletic dropped a bombshell: the team had cheated. The public fallout was swift - fines were levied, rules were changed, and championships were threatened. The players and coaches bore the brunt of the blame, while the true schemers at the root of the scandal evaded scrutiny. That is until a group of tenacious reporters uncovered how Astros leadership were infected by the MBA-pilled corporate villains at McKinsey. 

If you listened to our episode on McKinsey you know what happens next. Values were trashed as profits were maxed by any means possible. Ultimately, the Astros clubhouse became an environment where cheating was acceptable. Because after all, Winning Fixes Everything

Listen to all of Season 4 on Patreon 

Support the pod 

Links: 

Pics on our Substack

Read Winning Fixes Everything: How Baseball's Brightest Minds Created Sports' Biggest Mess

Watch The Astros Edge 

The Astros opened baseball ops to McKinsey consultants, from scouting to R&D and the farm

The Astros stole signs electronically in 2017 — part of a much broader issue for Major League Baseball

 

CBS & Messy Les Moonves28 Jun 202401:22:45

If you thought Sumner Redstone was a degenerate, just WAIT until you meet his pervy protege, Les Moonves! 

CBS CEO Les Moonves, aka "Mr. TV" is one of the most powerful men in Hollywood. He transformed CBS from a sleepy granny network into a ratings powerhouse with shows like Survivor, Big Brother, Criminal Minds, and The Big Bang Theory. The business part of this story is one Cheezy Blaster away from being a 30 Rock episode. The action behind closed doors on the other hand, feels more like Law & Order: SVU. 

CW: Sexual abuse 

Listen to all of Season 4 on Patreon 

Support the pod

Pics on substack

Links:  

Read Unscripted: The Epic Battle for a Media Empire and the Redstone Family Legacy

Les Moonves' spectacular rise before his fall from grace

Why Sumner Redstone's men; Leslie Moonves and Philippe Dauman; made a king's ransom

Les Moonves and CBS Face Allegations of Sexual Misconduct

Paramount+'s Existential Questions

Leslie Moonves Fined $11K by L.A. City Ethics Commission for His Role in LAPD Scandal

 

Victoria's Secret: Sex pests all the way down24 Oct 202501:09:56

The demon living inside Les Wexner's head brings us into the Victoria's Secret gremlin lair! Adam and Becca go back to the early 2000s to tell the story of the rise and fall of this retail behemoth and the corporate crooks who drove it into the ground. 

CW: Sexual Assault, Suicide 

Join us on Patreon for bonus episodes and the aftershow

Pics from this episode on Substack

Watch on YouTube

Thanks to our sponsor, Manager Method. Use code GOSSIP for 10% off! 

Visit the Pullman National Historical Park 

Email our good news correspondant with tips: elizabethliu526@gmail.com 

Timestamps: 

00:00 - Intro & Ed Razek's creep club 

16:30 - The toxic culture inside Victoria's Secret 

25:00 - Les Wexner's childhood & mommy issues

42:00 - Jack Fucking Welch shows up!!! The fall of Victoria's Secret 

Links: 

Selling Sexy: Victoria's Secret and the Unraveling of an American Icon

'Angels' in Hell: The Culture of Misogyny Inside Victoria's Secret

The Mogul and the Monster: Inside Jeffrey Epstein's Decades-Long Relationship With His Biggest Client

Paramount / Viacom: Sumner House of Horrors20 Jun 202401:14:41

The Paramount / Viacom story is just like Bravo's Summer House, but SCARIER! 

Our main character, Paramount CEO Sumner Redstone, is a horny teenager trapped in the body of a crusty old billionaire. At 92, despite being barely conscious, he was still chairman of TWO publicly traded companies.This real life  Weekend at Bernie's scheme was made possible by a group of executive-level lowlifes who took advantage of their absent boss and enriched themselves at the expense of shareholders. It wasn't until a group of unlikely heroes exposed the elder abuse taking place at Sumner's mansion that someone finally pulled the plug. But by then, the stench emanating from the geriatric bachelor pad was too strong for even the most devoted Paramount / Viacom supporters to ignore. 

Join Becca and Adam as they tell the story of the unlikely rise and fall of Sumner Redstone and Paramount Global. 

CW: Elder abuse, Sexual abuse 

Listen to all of Season 4 on Patreon 

Support the pod

Pics on substack

Links: 

Read Unscripted: The Epic Battle for a Media Empire and the Redstone Family Legacy

 The Cringey Sexcapades of a Horny Billionaire

 Who Controls Sumner Redstone?

 Viacom Is Having A Midlife Crisis 

 Spring Owl Activist Investor Deck

 

Ain't no party like an Insys party14 Jun 202401:23:34

Insys was the startup unicorn of the opioid crisis, and boy did they know how to party. 

Becca & Adam meet Insys CEO John Kapoor and his rowdy band of crooked pharmaceutical reps as they slither their way through doctors offices across the country, pushing their marquee product: Fentanyl! The shady sales reps unleashed the powerful opioid on unsuspecting patients and bribed their doctors to increase dosages through an illegal kickback scheme. Eventually their shameless conspiracies and criminal shakedowns lead to a public meltdown and federal racketeering charges, but not before Kapoor could be crowned Forbes coverboy! 

CW: Drug abuse 

Links: 

Pictures on our Substack

The Pain Hustlers - NYT Expose 

Read Pain Hustlers - the book

An Opioid Spray Showered Billionaire John Kapoor In Riches. Now He's Feeling The Pain

A potent painkiller, and the drug maker's marketing, are faulted in a woman's death

Pharmaceutical Executive John Kapoor Sentenced To 66 Months In Prison In Opioid Trial

Tracking the Opioid Settlement Cash

BONUS: Interview with Ringmaster author Josie Riesman12 Jun 202400:45:23

IT'S A BONUS EPISODE, BROTHER! 

Becca and Adam talk with the author of Ringmaster, Josie Riesman

Read Ringmaster by Josie Riesman

Follow Josie on Instagram, her website josie.zone, or the book website

Josie's article mentioned in the interview: Wrestling turned me cis, then it turned me trans

WWE & Vince McMahon: Worm with a Mustache07 Jun 202401:25:30

Welcome back brother!! Season 4 is here and ready to SMACKDOWN! WWE style.

Binge ALL of Season 4 NOW on Patreon!

We've seen this story before - a deeply traumatized child inherits their father's business and fills the void left by the adults that failed them with, what else… MONEY!!!! Rather than spend time examining his emotional shortcomings, Vince McMahon creates an alter ego, Mr. McMahon, to live out his darkest fantasies. But what happens when the CEO of a public company is also the greatest heel of all time? Find out as Becca and Adam step into the Hell in a Cell of the business of professional wrestling and battle through 60 years of the stinkiest secrets of World Wrestling Entertainment. 

CW: Drugs, Sexual Abuse 

Links: 

Support the podcast

Pics in our Substack

Read Ringmaster by  Josie Riesman

Now It Can Be Told: Those Pro Wrestlers Are Just Having Fun 

2003 Vince McMahon on Real Sports with Bryant Gumbel

Federal Prosecutors Investigate Vince McMahon Sex-Trafficking Allegations

 

Season 3 Finale & Chobani's Anti-CEO08 Dec 202300:50:32

It's the Season 3 Finale! We answer listener questions and meet the Yogurt King of New York:  Chobani's founder, Hamdi Ulkaya. From nomadic Turkish farmer to millionaire milk mogul, Ulkaya became known as the Anti-CEO, prioritizing people over profit and creating one of the fastest growing food companies in America. 

Correction: We said the Chobani Idaho factory was in Idaho falls. It is actually in Twin Falls. Thanks to the listener who pointed that out! 

If you liked this season don't forget to RATE AND REVIEW THE PODCAST 

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Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

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Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Timestamps & Links: 

01:30 - Listener Questions

  • How did you guys come up with this idea for the podcast?
  • What's the best / juiciest piece of corporate gossip that didn't make the cut?
  • Why are your seasons so short? I would pay for a subscription to get a weekly episode until the end of time!
  • I'm a final year student in finance and I'm worried I have made a terrible mistake studying this degree, as it seems that corporations mostly cause more harm than [good], and benefits an elite few. is there any field you would recommend where I could use my degree for good? Is there a way that finance can be a force for good?
  • Given the intricate web of corporate scandals involving entities like FTX, McKinsey, Koch Industries, SVB, etc. I'm curious to know: What common threads or distinct patterns have you observed across these cases, and how do these scandals reflect broader issues within the corporate landscape?
  • Have there been any surprising twists or unique aspects in these stories that stand out to you guys, providing deeper insights into the world of corporate misconduct

18:00 - Chobani's Anti CEO 

Links: 

The Profile Dossier: Hamdi Ulukaya, the Shepherd-Turned-Billionaire CEO

Chobani CEO says pulling IPO was one of the best decisions company has made

Chobani hired hundreds of refugees at its plants. Average tenure now exceeds industry average

Chobani's CEO is giving up to 10 percent of his company to employees

Capitalism and Humanitarianism Can Coexist. Chobani's CEO Is Trying to Prove It

 

Nissan & Carlos Ghosn: D*ck in a Box01 Dec 202301:15:03

In 2017 Carlos Ghosn was on top of the world, he was a Japanese national hero, renowned for bringing Nissan back to life from the brink of failure. His face was on the cover of magazines, his story was depicted in Manga, he even carried the torch at the Olympics in his home country of Brazil. His sudden arrest in 2018 for financial crimes was an unexpected twist in his story that made him the center of international intrigue. As extraordinary as his life had become, no one could have imagined what would come next... 

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Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Timestamps: 

5:40 - CG#1: Carlos Ghosn joins the growing number of wayward CEOs with daddy issues 

9:15 - CG#2:  Meet carlos's car daddy: Francois Michilin 

17:40 - CG#3: It's time for Carlos' Makover montage! 

31:25 - CG#4: Carlos Ghosn enters his dwight schrute era

36:50 - CG#5: Ghosn follows the CEO playbook - time for an ostentatious company sponsored personal party that definitely will have no negative PR implications whatsoever

49:00 - CG#6: All Partied out!! 

52:33 - CG#7: What do they say? You either die a hero or live long enough to be smuggled out of Japan in an equipment box?

56:30 - CG#7: What do they say? You either die a hero or live long enough to be smuggled out of Japan in an equipment box?

 

Sam Bankman-Fried & FTX: Fraud on top of sh*t mountain03 Nov 202301:23:49

Becca is joined by Corporate Gossip startup correspondent Aaron Cohn to dip our tube-socked toes into the FTX trial. We meet Sam Bankman-Fried (SBF), a rumpled 28-year-old-grown-adult-boy-genius who built a $40 billion crypto empire in less than three years. But his meteoric rise to crypto kingpin was followed quickly by his fall to the bottom of shit-coin mountain.  And now, SBF is facing up to 115 years in federal prison for fraud. 

Check "build a website" off your to-do list with realnice website builder! 

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Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Timestamps: 

17:40 - Corporate Gossip #1: Sam Bankman Fried raises $420.69m from 69 founders in a "meme" funding round and raises zero red flags

33:45 - Corporate Gossip #2: This guy can't be a criminal… I mean, come on, have you ever seen a criminal in wrinkly cargo shorts???

45:00 -  Corporate Gossip #3:  To the moon! 

50:00 - Corporate Gossip #4: FTX: Fraud on top of shit mountain 

1:09:40 - Corproate Gossip #5: When people stop being polite, and start getting indicted

1:13:30 - Corporate Gossip #6: Will the Smol bean / Widdle baby defense work for Sam?

PG&E: Go girl give us nothing!27 Oct 202301:15:07

A very haunted episode of the Corporate Gossip Podcast! Becca and adam talk about the House of Villains that is Pacific Gas and Electric. The collection of CEOs that have lead the utility company over the past two decades are are more dubious than Omarosa and more dimwitted than Jax Taylor. On the upside, this episode should cure even the most chronic cases of imposter syndrome. 

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Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Timestamps: 

11:00 - "You guys need to stop talking about Enron" - said no one ever 

15:00 - Peter Darabee is possessed by the ghost of Jack Welch and then gets scammed by Accenture 

22:00 - Stay humble Tony Early

31:00 -Geisha Williams is rewarded for her job as pain sponge after the San Bruno explosions and is crowned CEO 

46:00 - Bill Johnson, blink and you'll miss him  

53:00 - Patti Poppe: New decade, same bullshit 

McKinsey: This is why we can't have nice things20 Oct 202301:24:58

It's hard to talk about corporate gossip without talking about McKinsey. They're everywhere! They advise the biggest companies in every industry in practically every company in America (90% of the Fortune 100 companies use Mckinsey). From Las Vegas Casinos to the Vatican, McKinsey consultants, armed with their Thinkbooks and Tumi rollerbags, dispense their advice on maximizing the bottom line under a veil of secrecy.

That is until recently, when dogged reporters sifted through thousands of documents made public as part of a series of lawsuits and criminal investigations into the firm. Becca and Adam read through it all and are bringing you the juiciest stories. They find out that when it comes to systemic corporate malfeasance, McKinsey isn't the one who lit the match, but they're often found fanning the flames.

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Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Timestamps: 

10:00 - Corporate Gossip #1: McKinsey, this is why we can't have nice things (Intro and background) 

30:00 - Corporate Gossip #2: If Jack Welch is Theresa Giudice, McKinsey is Juicy Joe and today's billionaire boss-boys are 4 year-old Melania (How McKinsey influences the world's largest companies) 

52:00 - Corporate Gossip #3: McKinsey: Our consultants are happy to provide clean pee for your patients who are addicted to heroin!! (McKinsey's role in the Opiod Crisis) 

1:05:00 - Corporate Gossip #4: Enron is basically a McKinsey spinoff in which Jeff Skilling visits Ken Lay at the summer house in Montauk (McKinsey's role in the Enron rise & fall) 

1:09:00 - Corporate Gossip #5: If you're looking for the Lizard people controlling the American economy it's not the west coast elites… it's McKinsey! (McKinsey as a Corporate Villian) 

1:15:00 - Corporate Gossip #6: Clarence Thomas really went - guys know what would make McKinsey better??? If they had access to more white men!! Hey now… white men who can take me on Yachts. (How the overturning of affirmative action plays into McKinsey's ability to continue weaponizing capitalism) 

 

Koch: Toxic Kings (Part 2)13 Oct 202300:41:29

This is part two of a two part episode. 

This week, Billy Koch turns into a corporate vigilante, as he takes the Department of Justice and the FBI on a private tour of the grounds where all the Koch corporate secrets are buried. We then tell the story of courtroom fight as dramatic as a Beverly Hills housewives reunion, with siblings rehashing decades-old conflicts and clawing at their share of billions of dollars. Then, Charles Koch continues his campaign to be voted "most-miserly" in the 2008 Billionaire Yearbook by funding an artificial-grassroots organization to promote his libertarian big business-first policies. Meanwhile, Bill Koch's son Wyatt asks the Sharks to invest $100,000 for a 10% stake in his palm-beach-boroque men's blouse line. 

See the Koch family tree

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Produced by: Michael Albanese @bigmanmike

Timestamps: 

02:00 - Corporate Gossip #5: Woke up this mornin' and I got myself some oil from Native American reservations 

11:30 - Corporate Gossip #6: Law and Order - Special Boss Bois Unit 

21:00 - Corporate Gossip #7: Profit is my religion and regulation is the devil!!  

24:15 - Corporate Gossip #8: It's a 45-day plan. 45 days! To get us back, on track. 45 points! It's a 45-day, 45-point, one point per day. We get 45 points, we're back in business! [cheers] And you can take that to the bank! And limo lady! We are going to completely destroy Barak OBAMA! [more cheers] I love you New York!

29:30 - Corporate Gossip #9: Charles Koch: Ooops! Did I do that????

33:00 - Corporate Gossip #10: Okay That was dark, let's end on a high note - Bill Koch's son's quest to create the ugliest t-shirts of all time

[Patreon Exclusive] Scams in the Manosphere part 2: Tai Lopez's Ponzi Scheme19 Oct 202500:15:17

Listen to the full episode on Patreon. Join today at the Murdoch's Mates level and get FOUR bonus epiosdes every month plus the Corporate Gossip Book Club and group chat! 

On a chilly October night, I like to cuddle up with a good ponzi scheme. It's my comfort fraud <3

Links:

'Do You Believe I'm a Scam? Haha' Tai Lopez became YouTube famous promising men they too could own a Lamborghini. Then came the alleged Ponzi scheme.

Tai Lopez's RadioShack Ponzi Scheme

Read the SEC complaint

This Clown Is Still Around

its always the guy you suspect the most

Koch: Toxic Kings (Part 1)06 Oct 202301:03:04

The only thing more toxic than the emissions spewing from the smokestacks at Koch industries are the relationships between the four adult heirs to the family fortune. This story has EVERYTHING: court battles, private investigators, homosexual blackmail, ANNA NICOLE SMITH, sibling rivalry, and libertarian summer camp! Join Becca and Adam as they wade into the stinky, polluted waters of the Koch family dynasty in this two part episode!!

See the Koch family tree

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Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Timestamps: 

09:00 - Corporate Gossip #1: Duck, duck, Fred Koch Sr. dies of a heart attack 

16:15 - Corporate Gossip #2: Growing up Koch 

39:00 - Corporate Gossip #3: Charles is our daddy now and you better believe he's gonna take his unresolved trauma and unexamined political beliefs and make all of our lives miserable 

48:00 - Corporate Gossip #4: At the Koch family christmas party, Bill confronts David & Charles over stealing his Dolce & Gabanna lifestyle and wagers a war that will destroy the family

David Zaslav's Flop Era29 Sep 202301:03:41

David Zaslav is having the worst summer ever. He was heckled by thousands of graduates during his Boston University commencement address, publically shamed for holding a hunger games style gala in france, and had to fire his best friend! Oh and to top it all off, all of the workers he extracts his wealth from are on strike. Why doesn't anyone want to work anymore!! 

Pictures & links on our substack

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Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Timestamps: 

6:30 - Corporate Gossip #1: With friends like David Zaslav, who needs enemies? Zas fires his pain sponge, Chris Licht, on their morning walk in Central Park under the apocalyptic orange-haze of the Canadian Wildfires. 

15:00 - Corporate Gossip #2: In the year 2023 - the same year that CEOs have pissed away $44bn on a social media app, killed 5 people in an ill fated trip to the Titanic, and challenged each other to a cage match, David Zaslav is STILL in the running for dumbest CEO of the year…

27:00 - Corporate Gossip #3: I think David Zaslav is just here for the zipline

40:15 - Corporate Gossip #4: C'mon guys, don't strike, I had plans this summer! I was gonna hang out! 

52:45 - Corporate Gossip #5: You can't keep getting away with this Zaslav *shakes fist in air*

Ted Turner: Captain Outrageous22 Sep 202301:13:57

Content warning: this episode references child abuse and suicide

Ted Turner has more BDE in his pencil mustache than Zuck and Musk combined.  In the span of 5 years he captained a champion sailing yacht through the deadly celtic sea, pulled out an underdog win in the America's cup, bought two professional sports teams, and created the first ever 24-hour news network: CNN. His life is what LinkedIn Lunatics fantasize about. He created TBS, TNT, TCM, Cartoon Network, AND the iconic environmental superhero cartoon, "Captain Planet." He is cherished by unproblematic icons Jimmy Carter and Jane Fonda and despised by degenerate psychopath Rupert Murdoch. 

Turner disrupted the media industry and spent years on top, but like so many of the characters in our podcast, he couldn't conquer his inner demons. Deep pain from a traumatic childhood and unaddressed mental health issues destroyed his marriage and threatened his fortune. In this episode, Becca & Adam attempt to trace the life of the chaos cowboy while expertly pronouncing the word "documentary." 

Pictures & links on our substack

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Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Cover art: 

Creative director @laurensubers
Photographer @danielcanophoto @instajasp
Props / Wardobe @__julesrose__ @mellerycellery
Makeup / Hair @mardeaubeauty

Timestamps: 

8:40 - Corporate Gossip #1: In terms of Corporate Villains, David Zaslav, who we'll discuss next week, is the straight up evil, sociopathic type. But the other Corporate Villian in this story, Ted Turner, is more like the villain with a heart of gold. 

36:50 - Corporate Gossip #2: Would you believe that the reason we have a 24 hour news cycle in America is because of Ted Turners undiagnosed mania?

48:10 - Corporate Gossip #3: Now it's time for Jimmy Carter to make an appearance as the empathetic king and Ted Turner's daddy figure (by the end of this segment, Jimmy Carter will be all of our dads). 

59:10 - Corporate Gossip #5: As Ted's professional life is unraveling, Queen Jane Fonda throws in the towel and Ted lives out our collective fantasy - taking revenge on a boss that did you dirty. 

1:04:20 - Corporate Gossip #6: Let's meet back up with Ted in present day as David Zaslav is meticulously picking apart his legacy with his hands and licking his little fingies like he's elbow deep in a pile of buffalo ribs.

 

The Murdochs: Schmucksession10 Jun 202301:28:38

Bonus Episode!! 

It's like Jaws if everyone in Jaws worked for Jaws! It's the true story of Rupert Murdoch's main hustle (News Corp) and his side hustle (emotionally and financially manipulating his children). We trace Rupert's (aka RuMu) rise from under the thumb of his father, the original Murdoch Megalomaniac, to become an Australian media mogul. Then, he journeys to the UK and the US, leaving a stinky trail of editorial corruption wherever he goes. Strapped on his back are three of his grown children, Elisabeth, Lachlan, and James, who are pulling and poking at one another as they battle for daddy's treasure: the top spot of the Murdoch Empire!

We're on Youtube!! 

Pictures of the Murdochs and research links are on our  Substack!!

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Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

 

Season 2 Finale & Costco: Kings of Kirkland12 May 202300:57:16

SEASON 2 FINALE!!

Thanks for your support this season, we'll be back with Season 3 later this summer!! 

Don't forget to rate and review this podcast.

Becca and Adam flew close to the sun last week and decided to end the season on a high note. We answer some listener questions and crown our 2023 Corporate Cutie before getting into some feel-good Corporate Gossip.

The Costco story (18:45) is straight from a Jack Welch nightmare. Low CEO pay, a modest corporate headquarters, and no private jets?!!! Despite skimping on executive perks, Costco became a retail giant, peaking at #11 on the Fortune 500 list. And they did it without layoffs, downsizing, or offshoring… suck it McKinsey!! This episode has no strip clubs, accounting fraud, or subterfuge…  BUT it does have threats of MURDER!!

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Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Timestamps:

01:00 - Intro (Confirmation that John Flannery is, in fact, still alive and thriving!! and our close encounter with Andy Cohen and why we're wrapping season 2

06:00 - Listener Questions

15:00 - Corporate cutie awards 2023

18:45 - Costco: Kings of Kirkland

Links:

Weddings by Costco

Costco foodcourt challenge

Costco CEO Craig Jelinek Leads the Cheapest, Happiest Company in the World

Link to chart with revenue / salary

Amazon and Walmart have raked in billions in additional profits during the pandemic, and shared almost none of it with their workers (Brookings institute expose)

Enron Rules05 May 202301:26:03

Don't forget to rate and review this podcast!! 

This is a true Corporate Gossip Exclusive: The ONLY comparative exploration of Enron and Vanderpump Rules. 

On a summer day in 2012 in a restaurant garden in Weho, waitress Schena Shay confronts Housewife Brandi Glanville about the rumors of infidelity surrounding Brandi's husband, Eddie Cibrian. Narratively, this scene breaks the seam between the women of Real Housewives of Beverly Hills and the servers who tend to them. And television's crown jewel is born: Vanderpump Rules.  

Few know that there was another cosmic seam that ripped at the same moment, and merged two dimensions along thematic parallels: cheating, fraud, topless bars, uppers, women's rights, and women's wrongs. If you're a Vanderpump girlie who wants to get into Enron or an Enron bro who wants to get into Vanderpump - this is ENRON RULES! 

We explore the Enron collapse by meeting each of the main players and following them throughout the Enron story. We'll start with the villains who commanded the corporate clusterfuck and then meet the heroes who had the guts to defy them. 

This episode also features our DAD! @Jeffplatsky

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Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Timestamps / Cast of characters: 

6:00 - Introducing our DAD, the original corporate gossiper!

10:00ish - The Enron Scandal as told through the eys of the villains and the heroes: 

The Villains: 

Enron CEO Ken Lay aka Tom Schwartz

Enron COO / CEO Jeff Skilling aka Jax Taylor

Enron CFO Andy Fastow aka Tom Sandoval

Bonus Villain! The Analysts aka Ken Todd and Lisa Vanderpump

The Heroes: 

Enron Whistleblower Sherron Watkins aka Kristen Doute

Enron Whistleblower Margaret Ceconi aka Lala Kent

Fortune Journalist Bethany McLean aka Schena Shay

Links:

How Enron Blew It

The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron (Book)

The Smartest Guys in the Room (Movie)

You're Wrong About: Enron (Podcast)

JUST DESERTS? / A year ago, Francine Cavanaugh tossed a pie at Jeffrey Skilling for gouging Californians now the former Enron CEO is under fire in Washington

 

Jack Welch & GE: Daddy Issues28 Apr 202301:31:21

A SUPERSIZED EPISODE!! Two pods in one!!! 

Jack Welch is our collective Corporate Villain origin story. Potentially the most famous American CEO, Welch, like so many of the leaders we cover on this pod, possesses a dangerous combination of ruthlessness and incompetency. Adam and Becca trace his meteoric rise and salacious downfall before passing the reins of turd mountain (GE) to a series of doomed successors. Our apologies in advance to the fine people of Massachusets for our repeated unsuccessful attempts at a Boston accent. 

P.S. John Flannery if you're reading this right now we love you please come on the pod <3333 

Don't forget to rate and review this podcast!

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Tiktok: @corporategossippod

Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

 

Links:

How Jack Welch's Reign at G.E. Gave Us Elon Musk's Twitter Feed

Was Jack Welch the Greatest C.E.O. of His Day—or the Worst?

Jack Welch: Managerial Genius Who Made One Disastrous Mistake

Harvard Editor Faces Revolt Over Handling of Welch Story

Pic of Welch and Suzy making out 

Former GE CEO Jeff Immelt on his controversial legacy: 'I don't want to hide'

GE Cuts Larry Culp's 2022 Pay After Shareholder Protest

Corrections: 

  • GE is still the largest manufacturer of jet engines. Rolls Royce is #2 in the industry. 

 

Subway: Never go against the fahmily14 Apr 202301:00:45

If Theresa Giudice opened a mediocre fast casual sandwich shop it would look like Subway restaurants. Founded in part by a 17 year old from the Bronx named Fred Deluca, Subway would become the world's largest fast-food chain. But while Deluca's family was raking in that sweet meatball money, their franchisees were in honey ham hell. Once the sandwich king, Subway now faces serious lawsuits and FTC investigations amid dwindling sales. How did this chain, known for its "definitely 100% real, seriously guys I promise it really is tuna" sandwiches tumble to the bottom of the food chain? Find out on this episode of Corporate Gossip!

Don't forget to rate and review this podcast!

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Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Timestamps: 

1:50 - Fred Deluca opens the first Subway with $1,000 and a bag of tuna and quickly realizes that making franchise royalties is wayyyyy easier than making a hot italian sandwhich.   

5:15 - Deluca is Tiny Time vibes with a Scrooge personality.  

 7:40 - The most haunted calendar of all time is created by Deluca and his colleagues. They literally take pictures of themselves shirtless around the office. Deluca is Mr. January. 

12:30 - Subway becomes the LuLaRoe of fast food restaurants. 

16:00 - Wokeup this mornin' and I got myself a sub.... Subway's hitmen set their targets on francisees.

22:30 - J*red F*gle, I don't think I need to say anymore. 

26:00 - After his death, Deluca gives his estranged wife the ultimate anniversary present... half of a dying sandwhich company! 

31:50 - Subway's requirement for a new CEO? Sharing the majority of the founder's DNA. 

37:00 - You know what they say about mixing business with family? It literally always works every time! You should def do it! 

40:00 - Subway spends millions of dollars on a rebrand and a ton of celebrity influencers but their sandwhiches still suck. 

44:20 - Subway's future looks as grey as their tuna. 

45:45 - Find out what fast food restaurant you are based on your zodiac sign.

Links: 

SubCon 2023! (Subway Convention) 

Subway cofounder Fred DeLuca ruled the company like a demigod and pursued wives of franchisees. How one man sent the world's biggest fast-food chain into a tailspin

Subway does franchisee damage control after John Oliver segment: memos

Subway Got Too Big. Franchisees Paid a Price

Inside the 2 secretive billionaire families that own Subway, as they face backlash from furious franchisees

Judge rules Subway can be sued over claims that its tuna sandwiches contain other fish species or animal products

New Subway sandwich menu items taste just as vile as the old ones

What fast food are you based on your zodiac

Fixing Capitalism in 60 Minutes or Less or Your Money Back with Nathan Macintosh07 Apr 202300:56:47

This episode is Not Safe For Work / Your Harvard MBA class 

Professional Canadian... sorry, Professional COMEDIAN, Nathan Macintosh joins Becca to fix capitalism. It's so easy it literally took us less than an hour guys. We discuss a few interesting proposals to address capitalism's systemic problems, AND plan the first EVER Corporate Gossip Cruise / Davos for the rest of us. 

Don't forget to rate and review this podcast! 

We're on Youtube

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Tiktok: @corporategossippod

Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Timestamps: 

10:00 You Better Work Betch: Full employment guarantee 

20:00 Go back in time and destroy Reagan! 

31:00 YOU can get a house without waiting for your parents to unalive

42:00 A cult classic: The Four Day Work Week! 

Links: 

Nathan Macintosh: Money Never Wakes 

National Industrial Recovery Act of 1933 (Aka the Works Progress Administration)

The Accountable Capitalism Act of 2018

Investment Firms Aren't Buying All the Houses. But They Are Buying the Most Important Ones

Opinion: Bernie Sanders is right about capitalism

Are you there Herb? It's me, Southwest31 Mar 202301:02:16

Join Becca and Adam on a journey that starts in in a smoky Texas hotel lobby in 1967. We'll pass trough a decomposing sportatorium off the Dallas freeway in 1992 and end at a contentious company sponsored JoJo concert in 2022. Once a shining star in the skies over the Texas Plains, Southwest experienced a slow and then sudden descent after the departure of it's distinctive founder. Executive would try to repair the damage, but for many it was "Too Little, Too Late."

Don't forget to rate and review this podcast! 

We're on Youtube

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Tiktok: @corporategossippod

Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Links: 

Video of the Malice in Dallas

Southwest Airlines Engine Explodes in Flight, Killing a Passenger

Column: The guilty parties evading blame for the Southwest meltdown are its board members

Southwest store 

Southwest Airlines Faces Tough Questions From Senators

Video of Pilots walking out of the Southwest Employee Rally

Activision Blizzard's Final Boss10 Oct 202501:23:54

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CW: Suicide, Sexual Assault 

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No game developer would even think to create a dungeon troll as sinister as Bobby Kotick. Bobby's life is a video game where gobbling up cash is the mission and when it comes to retribution there is no side quest too small! 

When the WSJ drops a bombshell report about years of sexual harassment and toxic culture at Activsion Blizard, will Bobby Kotick finally run out of lives? Or will he respawn in the form of a trash goblin who gets bonus points for punching down?

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Time Stamps: 

00:00 - Background on Activision Blizzard

09:30 - Bobby Kotick meets Daddy Wynnbucks and becomes an adopted nepo baby, starts game publisher Activision and develops expert level skill in suing people less rich than him

29:30 - Blizzard origin story, early reports of sexual harassment 

51:00 - Activision Blizzard merger, Bobby Kotick turns the company into the Triangle Shirtwaist factory while board members look the other way 

56:00 - Bobby Kotick completes the CEO right of passage - bending over for the CCP! 

60:00 - The lights come on and everyone realizes Bobby Kotick is a little dungeon troll 

Note: 

Activision Blizzard denied any wrongdoing, and the settlement confirms California Civil Rights Department (CRD) could not substantiate those claims. As part of the settlement, the CRD withdrew the claims related to harassment from its complaint.

Links: 

Play Nice (book) 

'Scorched earth' and big profits: How embattled gaming titan Bobby Kotick outlasts his opponents

At Blizzard, groping, free-flowing booze and fear of retaliation tainted 'magical' workplace

Blizzard Sets Off Backlash for Penalizing Hearthstone Gamer in Hong Kong

Activision CEO Bobby Kotick Knew for Years About Sexual-Misconduct Allegations at Videogame Giant

A group of Activision workers say their C.E.O. should step down.

Parents Say Sexual Harassment at Activision Blizzard Led to Their Daughter's Suicide

SVB: Silly Con Valley Boss Bois24 Mar 202300:54:01

It's a bank run, dummies! The SVB collapse is true corporate gossip catnip, and we couldn't resist bringing you this ~very special~ episode about the biggest corporate shitshow of the year (so far). Aaron Cohn, business professor and scorned ex-lover of venture capital, joins Becca to recap the bank's meltdown and subsiquent VC temper tantrum. Aaron is fresh off the plane from SXSW and ready to spill all the tea on venture capital. It's a little bit cringe, a little bit spooky, but mostly a good reminder to never trust a billionare and that NOTHING MATTERS ANYMORE :) 

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Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Links: 

The Incredible Tantrum Venture Capitalists Threw Over Silicon Valley Bank

Silicon Valley Bank Fails After Run on Deposits

EXCLUSIVE: Aloha suckers! Silicon Valley Bank's failed CEO Gregory Becker escapes to his $3.1million Hawaiian hideaway days after being fired, leaving the chaos of the collapse in the dust

Boeing Blows It17 Mar 202301:02:38

Boeing is the quintessential american company. For decades it was the destination of choice for America's brightest minds in engineering. Pilots revered the institution, "if it aint Boeing, I'm not going," they'd often say. But by the turn of the century, Boeing's engineering supremacy was replaced with a relentless devotion to shareholder value. Passengers... you can kick rocks! Boeing execs have got a company to plunder in the name of shareholder value maximization!!! 

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Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

 

Timestamps: 

9:30 The airline deregulation act: L or W? Becca's take will SHOCK you!

16:30 Boeing catches shareholder value maximiziation-itis and Boeing fish starts to rot from the nose down

20:00 Boeing execs are giving big Dr. Evil energy

27:00 Capitalism Kills - the Boeing 737 Max Crashes

30:00 Boeing: "Shareholders are my main chick and the flying public is my sidepiece"

35:30 The FAA & Boeing are like the Abby Lee Dance Company and the Candy Apple Dancers

33:00 The aftermath of the Boeing 737 Max crashes Spoiler alert - Boeing leadership = Dickless losers and a rare Ted Cruz W

49:30 If life couldn't get worse for the plane crash victims… here comes Tom Girrardi and all the other vultures

54:30 Latest updates on Boeing

 

Links: 

Read Flying Blind: The 737 Max Tragedy and the Fall of Boeing 

Watch Flight / Risk on Amazon 

Report on Boeing 787 Dreamliner Battery Flaws Finds Lapses at Multiple Points

Final report on Boeing 737 MAX crash sparks dispute over pilot error

Boeing Reaches $200 Million Settlement With Regulators Over Its 737 Max

Families of Boeing Crash Victims Can Challenge U.S. Settlement, Judge Rules

Whistle-blower settles case (Gary Eastman) 

House Committee on Transportation & Infrastructure members

The Senate Subcommittee on Aviation Safety, Operations, and Innovation members 

 

Ozy Media: Corporate Catfish30 Dec 202200:56:44

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Carlos Watson has it all: an Ivy League pedigree, an electric personality, and a media empire called "Ozy." There's only one problem… Watson is a prolific bullshit artist. When he and his co-founder are caught catfishing Goldman Sachs executives, his empire begins to crumble and his throne of lies is exposed. The Ozy story is truly wild and includes feuds with Sharon Osbourne, a Fyre Fest knockoff, and millennial-era side bangs!

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Tiktok: @corporategossippod

Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Vignette edited by: Becky Nanns Beckysaysitall.com

Timestamps: 

03:33 - Ozy Media background and Becca's side bang regret

10:15 - Ozy becomes the most popular website of all time!! More readers than the Bible!!!

15:40 - Carlos Watson's catfish practice with A&E

24:15 - The Ozy Media Fyre Fest that almost was

31:25 - Don't F* with Sharon Osbourne

33:54 - Carlos Watson: World's Best Boss

38:00 - Carlos & Samir catfish Goldman Sachs & the Ozy downfall

44:35 - Ozy 2.0: The Return of the Carlosfish

50:50 - Takeaways

Links: 

Goldman Sachs, Ozy Media and a $40 Million Conference Call Gone Wrong

Ozy Built a TV Show on a False Claim, Says Its Former Producer

How Ozy Fest Was About To Become The Next Fyre Festival — Until A Heat Wave (And Insurance Claim) Bailed Them Out

18-hour days and panic attacks: Former Ozy staffers allege an abusive environment

 

Under Armour: Business Bros16 Dec 202200:56:03

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Under Armour is what happens when a group of perpetually rowdy frat bros is at the helm of a multi-billion dollar company. Starting with a single sewing machine in his grandma's basement, Ken Plank grew the UA brand to market dominance over two decades, and then oversaw its demise over two years. This story has it all: A+ list athletes, strip club scandals, Twitter PR disasters, adulterous adventures on a private jet, and Becca's favorite: light accounting fraud! 

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Tiktok: @corporategossippod

Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Vignette written by: Becky Nanns Beckysaysitall.com

Timestamps: 

06:16 - Kevin Plank creates the first moisture-wicking athletic T-shirt and founds Under Armour from his Grandma's basement. The company, with the help of lucrative movie cameos and athletic partnerships, is valued at $157m by 2005 and grows to $17B 10 years later. 

15:34 - Under Armour produces a series of uggo shoes that are blasted on Twitter. 

20:02 - As Plank becomes increasingly distracted with his side hustles, UA sales slump. The UA team employ a series of questionable accounting practices to hide the truth, and their actions result in a $9m class-action shareholder lawsuit. 

27:00 - HR revokes one of the c-suite's favorite perks: free strip clubs. After that, it's one buzzkill after another for UA executives. 

35:00 - Turns out the culture at the top of Under Armour wasn't exactly... conducive to not being a huge dirtbag. 

43:15 - Has your boss ever brought his paramour - sorry - "strategic advisor" to a business meeting? If so, you might be working for Ken Plank!! 

49:00 - Where does UA stand today?

Links: 

Steph Curry's new Under Armour sneakers lit Twitter on fire with Dad jokes, memes

Under Pressure at Under Armour, CEO Says His Eye Is on the Ball

Under Armour founder sold $138 million in stock during time period company allegedly misled investors about slowing sales

Under Armour's #MeToo Moment: No More Strip Clubs on Company Dime

Under Armour CEO Kevin Plank 'was allegedly having an affair with MSNBC host Stephanie Ruhle and sought her advice over that of his board while flying her around on private jet'

 

 

Disney Drama Kings (Part 2)09 Dec 202200:23:39

Hi, Hi, Hiya! The Disney Drama continues as Michael Eisner hires his Hollywood buddy, super-agent Michel Ovitz, as president of the company. 434 days later he's fired and a contentious lawsuit brings the executive suite to court where Eisner alleges that Ovitz was acting like a jerk at his Mom's funeral (seriously... you can't make this stuff up). 

We then meet up with Bob Iger in 2022 as he's relentlessly trash talking Bob Chapeck over lunches in LA. Ultimately, a fairy grants him his wish and he's returned to the throne at Disney HQ. Will King Bob I be the hero Disney needs? Find out on this episode of Corporate Gossip! 

P.S. We make a lot of Heavyweights references in this episode. You can watch it on most streaming platforms. 

We're on Youtube!! 

Support the pod by buying us a coffee

Check out our reading list 

Tiktok: @corporategossippod

Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Timestamps: 

01:13 Michael Ovitz, hollywood honcho, becomes president of Walt Disney for 434 days 

06:40 Bob Iger (aka Tony Perkis) takes over summer camp. Attention campers. Lunch has been canceled due to lack of hustle. Deal with it.

11:45 Bob Iger hastily departs Disney seconds before Covid hits the states and puts Bob Chapek at the helm for less than two years. After trash talking his successor for months, Bob Iger returns! Time to wake up, campers! Today is evaluation day. The key word here is 'value.' Do you have any? Not yet! But before summer's over, this camp's gonna be filled with skinny winners!

15:00 What's next for Iger & Disney. If the main players in this story were characters in Heavyweights, who would they be?

Links: 

Ovitz and Eisner: A Kids' Story

Disney's Robert Iger Loomed Over Bob Chapek After Ceding CEO Role, Creating Tensions

The Ride Of A Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company by Bob Iger 

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