Boeing and the “glass cliff”
Make Me Smart
Marketplace
4.6 • 5.5K Ratings
🗓️ 27 March 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
In corporate America, struggling companies often pull a classic move: They promote women to lead them through a crisis. Boeing did just that. We’ll talk about the new boss at Boeing and how the “glass cliff” phenomenon impacts women and people of color moving up the corporate ladder. Also in this episode, a Kai rant about Truth Social and the greater fool theory, why dogs might be even smarter than we think, and is “bazoodaful” a new Kai word?
Here’s everything we talked about today:
- Trump’s Truth Social stock from CNN
- The greater fool theory from Investopedia
- “Boeing just pulled a classic corporate America move and promoted a woman to clean up its mess” from Business Insider
- “Dogs can understand the meaning of nouns, new research finds” from The Guardian
- “Dogs can understand words for specific objects” from BBC
We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
Transcript
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| 0:00.0 | I let's go. Okay. Oh, wow. Sometimes I say it doesn't actually happen. And then it does and I'm like, wait, what? Oh my God. |
| 0:11.0 | Hey everybody, I'm Kyle Rosedale, welcome back to Make Me Smart. |
| 0:14.0 | Making Today Makes Sense is what we do on this podcast. |
| 0:17.0 | And I'm Kimberly Adams. |
| 0:18.0 | Thank you for joining us on this Wednesday. |
| 0:20.0 | It is March 27th. |
| 0:22.0 | Today we're going to keep it short and sweet, do some news, some smiles, and move on with our day. |
| 0:28.0 | Mr. Rizdahl, what's your news? |
| 0:30.0 | So, mine is not so much news as a concept and the concept is the greater fool theory |
| 0:37.1 | And I introduced to you today actually three days late well two days late because it started trading on Monday. |
| 0:43.0 | Ticker symbol, D.J.T. |
| 0:44.2 | Not the Dow transports, but Donald Trump's social media company, |
| 0:48.7 | which started trading on Monday. |
| 0:50.4 | And the only reason I'm bringing up this item today, though I am loath to because it's |
| 0:56.9 | just a nonsense story, is that for some reason people are still buying shares in this company, so let's back up. |
| 1:05.8 | Donald Trump had a company called Truth Social. |
| 1:08.2 | It merged with a SPAC, which is called a Special Purpose Acquisition Company, which is designed to make it easier for |
| 1:14.0 | companies that are privately held to go public. Donald Trump's media company, |
| 1:18.0 | truth social basically, of which Donald Trump is the main client and user really now is a publicly traded company |
| 1:25.6 | and shares are up something like 17% today after being up some ridiculous amount the last two days. |
| 1:33.6 | And I say that not because of Donald Trump himself, |
| 1:37.5 | but because of the investing public. |
... |
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