Noteworthy positive comments re Elon Musk/ Tesla vs POTUS SOTU on CNBC squawkbox this morning, and no backhand compliment - a first?
Encouraging you to click on that video ; D
Elon in full feisty attack mode post POTUS SOTU slight, he also digs out this
pearl of an interview by Andrew Sorkin (same newscaster in that CNBC Tesla positive segment) - in that interview Barra's answer to Sorkin's question "Don't Tesla employees have the highest compensation plan of all car factory workers" or sthg like that, Barra stumbles saying she'd have to verify that and compensation is not simple, you have to include benefits, insurance etc.
Sorkin lost the opportunity to mention that including stock options benefits Tesla workers definitely are on average way better paid than any other carmaker worker.
So do we put Sorkin in the "Tesla fan" category? ( I really don't watch mainstream things much these days)
[OT] I also didn't know where Jon Stewart had gone, he did a top job nailing Gary Gensler (GG) SEC's head .. getting
GG to basically admit the SEC is useless because it has its hands tied, and the public is f.d and there is nothing he can do (does?) about it
No time, but somebody ought make a transcript of that discussion of GG being grilled mercilessly by Jon - epic
Some comments on Reddit
Honestly the first time I’ve seen the chair of the SEC being called out and ask what’s the use of this useless agency? Let’s be honest what’s there to expect from a former Goldman Sachs!
Either Gary just said he knows, or said all of us have always been ****ed and will continue being ****ed....
Even its chairperson agrees that SEC is useless.
Jon/GG pointed to the SEC being effectively neutered, not being able to do their job -- not enough staff and cash, and bound by regulation from the very people they're trying to regulate.
Dave said it best. Simplify. If the system is so corrupt and so complex that the current SEC can't fix it. Then you can either do 1) build up the SEC to fight fire with fire, or 2) tear down the system so the current SEC has the resources/bandwidth to regulate.
Using the analogy from the episode, he's the sheriff of the drug dealers (wall street) but the boss of his boss (congress) are the drug dealers (wall street/lobbying). They're a civil regulatory agency, they have no real power. All they can do is fine them. If they try to match the fine to the ill gotten gains then these major players will out spend them and drag it out in court for years, bleeding the SEC's resources. Imagine a system where the SEC got to put the money from these fines into their own budget.