Brady

good company

[Brady @LL_Cool_Bray]

It’s me.

[Ryan Cohen @ryancohen]

The Hollow Men

American capitalism is rotting from the head down. We have replaced the "Owner-Operator"—the risk-taker-with a new, parasitic class of corporate bureaucrat: The Risk-Free Insider.

By "Insider," I am not referring to a specific title. I am referring to the entire administrative state that has captured the modern corporation. This includes the Directors who exist solely to collect fees, the Executives who exist solely to collect bonuses, and the Managers who exist solely to hire consultants.

These are the hollow men of the boardroom. They are masters of PowerPoint. They wear the right suits. They say the right buzzwords about "governance" and "ESG." But they are mercenaries fighting a war with someone else’s ammunition.

In a functioning economy, authority is tied to liability. If you make a bad decision, you lose your own money. That fear of loss is the only thing that keeps a business honest. It forces you to cut waste, obsess over the customer, and stay late to fix what is broken.

Today, we have severed that link.

We have rigged the game so that heads, the Insider wins; tails, the shareholder loses.

If the stock goes up, the Insider collects a massive performance bonus. If the stock crashes due to their own incompetence, they are fired with a "Golden Parachute" worth tens of millions. They are gambling with the house’s money, and they never leave the table poorer than they arrived.

This looting starts in the boardroom.

We have normalized a "Country Club" culture where directors are selected based on social profiling rather than their ability to build a business. The modern board member is often a professional tourist—paid an average of $350,000 a year.

Let’s be brutally honest about what that number represents. The average director is paid nearly five times the GDP per capita of the United States. They earn more for attending four quarterly lunches than the vast majority of Americans earn in five years of hard labor.

And for what?

Most of these directors are "over-boarded," sitting on three or four boards simultaneously. They treat directorships as a gig economy for the elite. They fly in, rubber-stamp a compensation package they didn't read, and fly out. They collect checks from companies they do not understand, do not use, and certainly do not love.

They are not there to ask hard questions. They are there to be collegial. They are there to protect the other Insiders.

And what happens when these boards hire executives who also have no personal capital at risk?

We get the Delegation Economy.

When a Risk-Free Insider faces a crisis—bloated expenses, a broken supply chain, or a stale product—they do not roll up their sleeves. They hire a consultant. They pay a strategy firm millions of shareholder dollars to produce a 100-page deck telling them what they already know.

This is not management. It is intellectual money laundering.

They use shareholder capital to buy an insurance policy for their own careers. If the plan fails, they can blame the consultants. They delegate the work because they are terrified of the responsibility. They would rather preside over a slow, comfortable decline than risk a bold mistake.

While American Insiders are busy optimizing their severance packages, our global competitors are optimizing their products. They are not slowed down by bureaucracy. They are not waiting for a slide deck. They are outworking us.

If we continue to fill our C-suites with administrators instead of operators, we will lose our edge. We will see iconic American franchises hollowed out by fees, managed for the benefit of the Insiders, while the true owners—the shareholders—are left holding the bag.

The time for polite governance is over.

If we want to save the American economy from mediocrity, we must demand a return to the "Owner’s Mentality." We need leaders who treat shareholder capital with the same reverence they treat their own savings. The era of the Risk-Free Insider must end.

[Scott @Scott_Prawdzik]

Just got off a double at the office 🥵 couldn’t wait to get out and smoke one ☝️💯 damn today was a movie 🥴💨

[Brady @LL_Cool_Bray]

Happy wedding day to 2 of my best friends😁 @TonySpice23 @KaylaMac

[Brady @LL_Cool_Bray]

Hey it's Cupid! Should I shoot an arrow of love by Twitter mention to @TonySpice23 secret crush so he can break the ice and talk to her?

[Brady @LL_Cool_Bray]

@TonySpice23 Not until 18 of course

[Detroit Red Wings @DetroitRedWings]

March 26, 1997. 👊

[Brady @LL_Cool_Bray]

@jessalynmari He probably just doesn’t see his kids on the holidays and had to throw his anger at the first available person.

[Brady @LL_Cool_Bray]

@Trags21 @UncleJaylan @overtime Lol

[Brady @LL_Cool_Bray]

@ashleyeleanor @Scott_Prawdzik thought you quit that job a while ago?

[Brady @LL_Cool_Bray]

@Scott_Prawdzik It’s like the orcs in lord of the rings

[Brady @LL_Cool_Bray]

@domcinto_11 🤔

[Brady @LL_Cool_Bray]

@jessalynmari “To get spoil”

[Brady @LL_Cool_Bray]

@ThePME bsack22

[Brady @LL_Cool_Bray]

@domcinto_11

[Brady @LL_Cool_Bray]

These kids are home schooled

[Sports Illustrated @SInow]

Name this team. (WRONG answers only)

[Matt Fishman @MattFishman]

@sammorril In quarantine, dinner was always a big thing. We had a pasta course and then we had a meat or fish. Paulie did the prep work. He was working from home because a coworker tested positive, and he had this wonderful system for doing the garlic.

[Sam Morril @sammorril]

Feels like we are all in prison but the prison in Goodfellas where you can still make pasta

[Brady @LL_Cool_Bray]

@Riley_Sack *Homer Simpson

[Scott @Scott_Prawdzik]

When she does that thing u like >>>

[Brady @LL_Cool_Bray]

Update.

[Brady @LL_Cool_Bray]

Hey it's Cupid! Should I shoot an arrow of love by Twitter mention to @TonySpice23 secret crush so he can break the ice and talk to her?

[Brady @LL_Cool_Bray]

@TonySpice23 the debt must be repaid

[Brady @LL_Cool_Bray]

@TonySpice23 for helping you with your love life you must come to me every Valentine's Day and carry madame zabradi up the hill to eat.