Slate Money - Iberian Siestas
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 9 November 2019
⏱️ 39 minutes
🧾️ Download transcript
Summary
On Slate Money this week:
- CEOs being fired for consensual relationships with subordinates, including, this week, Steve Easterbrook of McDonald’s
- Austin Frakt’s New York Times story about sleep being good for your salary
- Felix’s Axios piece on the allure of private. money
And in the Slate Plus segment: Saudi Aramco’s plans to go public
Email: slatemoney@slate.com
Podcast production by Phii Surkis
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Twitter: @felixsalmon, @Three_Guineas, @EmilyRPeck
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Transcript
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| 0:00.0 | Hello and welcome to the Iberian siesta episode of Slate Money, your guide to the business and finance news of the week. I'm Felix Hammond of |
| 0:22.6 | Axios. I'm joined by Emily Peck of Huffpost. Hello. Formerly the Huffington |
| 0:27.9 | post, which was run by the sleep expert, Ariana Huffington. I'm joined by Anna Shamansky. |
| 0:33.1 | Hello. Do you get enough sleep? Not usually. Not usually. You see, I'm beginning to put a theme together here. |
| 0:40.1 | I'm going to talk about how I'm all jet lagged because I just got back from Portugal. |
| 0:45.3 | I'm going to tell you a little bit about what I got up to in Portugal and somehow segue that into a piece about private markets. |
| 0:52.4 | We are going to talk about the CEO of McDonald's, who had an affair |
| 0:57.5 | with the subordinate and wound up losing his job as a result and various other people in similar |
| 1:03.9 | situations. And yes, we are going to talk about Iberian siesters. We're going to talk about |
| 1:08.1 | sleepy time. And we're going to talk about whether naps make you |
| 1:12.3 | richer. I think this would be the best world, really, is a world where, like, people get rich by |
| 1:19.5 | napping. That's a dream world. Literally. Literally. We are also going to have a plus segment |
| 1:26.1 | about Saudi Aramco. |
| 1:28.2 | So all of that is coming up in Slate Money. |
| 1:32.9 | Let's start with people losing their job for having consensual sex. |
| 1:38.2 | Yes. |
| 1:38.7 | This is the new thing. |
| 1:40.0 | This is the hot new thing. |
| 1:41.8 | Most recently it's the CEO of McDonald's. Yes, this week. McDonald's said that Stephen Easterbrook was going to step down because he had had a consensual. They emphasized consensual relationship with an employee at the company and that violated McDonald's policies. So he was out. This is despite Easterbrook presiding over a big increase in |
| 2:02.1 | McDonald's stock price over the past five years, I think. And this was, we saw something |
| 2:08.3 | similar at Intel, a few, like a year ago? Yeah, I believe it was a year ago, and you'll have to |
| 2:13.5 | help me pronounce his name. Cusanich. Sure. Brian Cusanich from Intel also stepped down because he had a consensual relationship with an employee. |
... |
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