Kara Swisher · 45:05
Pizza. That was a joke written by. Don't know. Fuck. Heaven, was that you? Anyway, this goes to a big... Bigger question of whether it can be a separation of corporations and politics. This is a big question. I think it's important. I left News Corp because I just couldn't stand Rupert Murdoch. I just couldn't. I wasn't worried about my resume. I just was like, I'm not working for this fucker. Like, I just don't want to. And I had the choice. I don't know. I don't know. They make a perfectly good pizza, but there's a lot of pizza places. I think it's more important to live in states and work for companies that align with you, both on either side. If you happen to be conservative, if you want to work for, you know, whatever, the Cracker Barrel, go for it. Like, or if you want to work for, you know, live in the state that makes you feel good, you should do that. I I do think politics is more important, and pretending it isn't is kind of a a waste of your time, I think. But I don't know. What do you think? If you're at Meta and you can't discuss the Supreme Court ruling, overtured Roe versus Wade, or you at that Kraken where that jackass is in charge, I would leave. I don't know. What do you think?
Scott Galloway · 46:06
Yeah. Look. I I think... I mean, if a lot of people decide to go to work for Patagonia or Benadry's because they get huge psychic income from going to work for a company with those type of values, and a lot of people just could never go to work for Hobby Lobby. They would hate it every day.
Kara Swisher · 46:19
They like it. Or they like it. Let's go let's go positive for
Scott Galloway · 46:22
those. I think I think the vast majority, like 90 plus percent of people, should and will make their decisions based on where they feel they can best develop economic security for them and their family and have some balance in their lives. I think that's the role that work plays in your life. And what I've also found, I've... I did some work with Chick fil A, and it's it's... Everything I knew about Chick fil A was in my in my world, I thought, oh, Chick fil A. They're the homophobic fast food company. And what I found is when I when I worked with when I worked with people there... And I never ate there just because of it. Oh. And what I what I found out is that, a, that that shit's for real. That is... That's almost in and out like good good food. Mhmm. And b, there's a lot of very talented progressives working there who realize the opportunity to make a good living there. And it's... And we we have a tendency to make a caricature of these companies. And so what I would say to this individual is that if he's someone who really carries his politics with him everywhere, and there are some people like that, there's nothing good about that, there's something bad about that, that's who you are, then fine. But I would say for the majority of us, work is meant to be a place where we can establish the economic security so we can focus on the important things in our lives, that is the relationships. Because without that economic security and enjoying your work, you know, in America, your life can be very stressful. So unless you describe yourself as a political animal, brother, go where the opportunity and the Benjamins are.
Kara Swisher · 47:48
Also, I don't think people will hold it against you. I've never had
Scott Galloway · 47:51
anyone hold it against Oh, no.
Kara Swisher · 47:52
I work for Rupert Murdoch or something. I mean, and you could always say, god, those assholes. I did a great job, but God, those assholes. Like, you can play it for benefits later.
Scott Galloway · 48:03
And management changes and companies change. Yeah.
Kara Swisher · 48:05
Think, I wouldn't work for them, but, you know, I don't think you'll hurt. Resume may be tainted? Probably not. No. No. No. No. Is 100 not I don't think people do that unless you... It won't. It won't.
Scott Galloway · 48:19
I think it's a one word answer. Congratulations. It sounds like you got the job you wanted.
Kara Swisher · 48:24
Yeah.
Scott Galloway · 48:24
That's a great thing.
Kara Swisher · 48:26
But if you... If it really bothers you and you're there and you have to listen to some shit, get out. That's where you get out of companies when there's, like... I'm just saying in general, that's why you leave companies when there's a business.
Scott Galloway · 48:37
Happens more is in the tech community because the CEOs have invited it. They pretended to care about their employees' political views, and they kind of started a riot. And then they got surprised when people showed up.
Kara Swisher · 48:48
That is true.
Scott Galloway · 48:48
You know? Is true. With with with torches. I think most companies, people show up and do their job and go home, and that's what they should do.
Kara Swisher · 48:56
Many. The only reason you leave the company, again, is because of real issues of abuse or or screaming bosses, you know, toxic worst places, which exist. And that's that's... I had one where I I worked for a conservative, John McLaughlin, and the work was interesting, and I'm liberal, and he was conservative. Was a Reagan conservative at the time, and he just was an abusive fuck, and that's really why I left, like, right? And not... I didn't... I never thought it would hold against me, but he was sexually harassed women. He was an asshole. He was abusive. He screamed. And that's why I left. So anyway, we'll see.
Scott Galloway · 49:30
Can I can I just add one one one suffix to that? I've only had one job really, other than working at NY and starting a commission. That was at Morgan Stanley right out of college. Very conservative, very abusive. I had a chair thrown at me. I'm not exaggerating. The actual physical items thrown at me. A very much a testosterone filled macho, like abuse children syndrome, embarrass people in front of others. And there was a line out the door, and I would do it again. And I'm I'm glad it's changed. It should change. But I was there to learn. I was there to get into graduate school. I was there to work my ass off, make some money, and create a platform. I'm not by any way condoning it, but I I think there are things that should weigh bigger in your life. I think I think work... No one should tolerate what what what people had to tolerate in the eighties. But I look back on it, and all of that stuff was present there. I was I was a progressive back then and, you know, constant... Mocked for my political views.
Kara Swisher · 50:34
I left because of it. It was it was great. It was... This is nuts. That that... This was a fucked up place. And so that I'd certainly learned things, but it was a fucked up place. So it didn't matter.
Scott Galloway · 50:42
Yeah. But it's the same thing that plagues Facebook and the cigarette companies, that is, as Upton Sinclair said, it's difficult to get a man to understand something when his salary depends upon, his not understanding it. And this individual was paid not to understand it. Now because of an overdue movement and the courts wising up to this and a lot of public shaming and people's livelihoods being, in in many instances, correctly threatened or canceled, you are now paid to understand Yes. That's is happening.
Kara Swisher · 51:12
Anyway, it's an interesting time. We'll see what happens, but go take the job and send us a pizza. Although that's really, really good pizza.
Scott Galloway · 51:19
You go.
Kara Swisher · 51:20
There's other better pizzas, by the way. Alright. If you've got a question of your own you'd like answered, send it our way. Go to nymag.com/pivot to submit a question for the show, or call 85551 Alright, Scott. One more quick break. We'll be back for wins and fails.
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— Predictions segment begins —
Kara Swisher · 53:19
Okay, Scott, let's hear some wins and fails. I... What? There's so many fails. Oh, ketchup. I think the sentencing of R. Kelly and Jalane Maxwell were were good. I guess it's a win. Maybe people don't think it's enough, but they're going to jail. So, sure, that's good. And people, maybe they'll get off, but that's a substantive amount of jail for both of them. It does not weigh against what they did, either of them, but substantive amount of jail. So, I'm going to call that a win. Even if people think it's a fail, it's not. They got tried, they got judged, and they got put in jail. So Mhmm. That's my win.
Scott Galloway · 53:57
I'll I'll say the hearings are my win. I think that they've handled them really well. I think they've been measured, thoughtful. I like the way they've rolled it out. And I think I do... Even if they don't have an impact on voters, I do think an indictment is coming. And I think that'll be a big deal. So that's that's my win. I think... And this goes more to predictions, but my fail is you're gonna see a ton of funds, VC funds. There's gonna be a lot of news about failing VC funds and tech investors because what's happened here... There's so many different ways to look at supply chain. Effectively, the largest investors in the world are these endowments and institutions and sovereigns, and they rebalance their investments based on how much they have in private equity and venture and public stocks. And they're all out of whack right now because the public markets have taken such a shit kicking and it continues today. All of a sudden... And because the marks lag, the valuations lag, the marks of their private investments, all of a sudden, they are way overweighted in private venture backed companies. And so a lot of them are gonna have to dial back, their commitments, their investments, and you're gonna see a lot of, like, brand name funds close or put up gates. You're about to see a ton of stories in The Wall Street Journal about big names. And I'm not... I... I'm saying big names like... I don't know if it's gonna happen to places like Tiger or SoftBank. I mean, these places, the the reckoning there, people like to think they're always insulated, that they've invested in something that's different. You know? Oh, I'm an Apple. It's not gonna get hit. Right? Or I'm in privates. It's different. Actually, privates are, you know, in terms of valuation, oftentimes have, you know, are more volatile than the publics. And we're about to see a lot of private market tech investors, big names in the news for the wrong reasons. I mean, some of these companies are down 50, 60, have lost 70% of their value, and it's gonna start having an impact. They're gonna put up gates, and they're gonna start... Also, there's gonna be really active. This is getting very detailed. This is be... For the first time in over a decade, there's going be a very active secondary market where funds are so desperate to raise capital, they sell the positions in the companies that are working to... There'll be an active secondary market just
Kara Swisher · 56:11
as though it's lot that. In US. There's A lot of companies. You know, I'm just thinking Ron Johnson's and Joy, which was kind of an interesting company, went bankrupt, a whole bunch of them. There's a lot of stuff that's kind of interesting. And I'll say the win is, I don't mind the clearing out. Like, look, Sam Bank of Freedom was gonna buy Celsius. They they... I think he agrees. A 1,200 Bitcoin comp... Bit... Coins, not Bitcoin, coins is too many coins, and so clearing out is not a bad thing. It's not a bad thing. It creates clear... Clearance for what's really promising, and everyone has a reset, and that's good. That's a good thing. But I have to say my win is Thor's... The Thor new movie with the Thor series.
— Predictions segment ends —
Scott Galloway · 56:52
That's a great win. You saw it?
Kara Swisher · 56:53
Oh, no, I didn't see it yet. I'm so excited. So, so excited.
Scott Galloway · 56:58
Who's in it? Who's Thor ette? Who's the
Kara Swisher · 57:00
Thor one? Who's Tessa Thompson and, oh, hello, Natalie Portman. They really Natalie
Scott Galloway · 57:05
Portman is the
Kara Swisher · 57:06
new She was the girlfriend in the first one. Don't you don't... You're not in the Marvel universe with me.
Scott Galloway · 57:11
Not Anything where they're wearing tights and capes, I just can't do it.
Kara Swisher · 57:14
They are so hot. And the two ladies, and he's funny. Chris Hemsworth, it looks so very good. And worse Chris is in it. I don't have as big a problem with him as other people do, but that's Chris whatever that other Chris.
Scott Galloway · 57:27
Chris Pratt or Chris Hemsworth?
Kara Swisher · 57:28
Pratt. Pratt is in it too.
Scott Galloway · 57:29
And, well, let me guess. He's not wildly progressive? What do mean you
Kara Swisher · 57:32
don't have No, no, no. That's not it actually. He gave a really interesting interview for for GQ that you should read. No. I don't have a problem. I don't care. He's... Whatever. He can do whatever he wants. I I... Look. He's an actor. I don't care. Chris Hemsworth, on the other hand, is fantastic. He's gorgeous. He's not just dreamy. He's funny. I like that.
Scott Galloway · 57:48
He has a he has a fantastic fitness app.
Kara Swisher · 57:51
Does he?
Scott Galloway · 57:51
Yeah. It's really
Kara Swisher · 57:52
just love him. I just love him. He makes me happy. He makes me happy, and I gotta say, Tessa Thompson is hot. And the director, Taiko Waititi, who is also an actor, is so talented. He did, movie you love, which is
Scott Galloway · 58:06
Oh, Jojo Rabbit?
Kara Swisher · 58:07
Yeah. He did... He was the director of Jojo. He's so talented. Really? He's fantastic. He's the director of this. Really? Just I didn't know one of these amazing talents. Like Greta Gerwig, great actor, great director, great etcetera. Yeah. And in that vein, see the pictures from the Barbie movie coming. It looks fantastic. Greta Gerwig looks fantastic. It looks hysterical. Anyway, Scott, that's the show. We'll be back for our quarterly review. To our American listeners, enjoy the holiday. Scott, you don't get to celebrate the July 4 anymore. I'm sorry.
Scott Galloway · 58:39
But I have Boxing Day.
Kara Swisher · 58:40
What?
Scott Galloway · 58:41
I have Boxing Day.
Kara Swisher · 58:42
I don't know what that is. I don't know what that is. We're gonna miss you, but you're not really going very far. So how can we miss you if you won't go away? Anyway, please read us out.
Scott Galloway · 58:52
Today's show was produced by Lara Naiman, Evan Engel, and Taylor Griffin. Ernie and Jutta engineered this episode. Thanks also to Drew Bros and Neil Silverio. Make sure you subscribe to show wherever you listen to podcast. Thanks for listening to Pivot from New York Magazine and Vox Media. We'll be back next week for another breakdown of all things tech and business. Who's gonna cement the greatest alliance in the history of the West between The United Kingdom and America? Who will ensure they recognize that Americans are a loving,
Kara Swisher · 59:18
generous No.
Scott Galloway · 59:19
And profane people? That's right. He's taking his vanilla starfish to The UK.
Kara Swisher · 59:25
Oh, we are gonna be so at war, our next war with Britain.
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