Carlos Gonzalez 🇺🇸🇨🇷🇳🇮

[Carlos Gonzalez 🇺🇸🇨🇷🇳🇮 @cagonzalez]

@emilmichael @USDREMichael @realDonaldTrump @SecDef @SteveWitkoff @elonmusk @PeteHegseth @DoDCTO @DODResponse @USDPColby @SeanParnellATSD Congratulations Emil! Thanks for stepping up and giving your time and energy to the nation.

[Zeynep Ton @zeynepton]

There are more Americans working at Walmart than in all U.S. auto factories combined. That fact underscores a deeper truth: The future of the middle class depends much more on the jobs that already surround us—service jobs—than on manufacturing jobs.

https://t.co/nUHLsO7CZC

[Zeynep Ton @zeynepton]

On #LaborDay, I'm excited to share my #TED talk on why #essentialjobs should be good jobs, and how great companies like #Costco create those good jobs while keeping prices low for customers https://t.co/B9bk7lzz6w via @TEDTalks

[boaz weinstein @boazweinstein]

If you’ve found my opinions about closed-end funds useful, here’s the one I’d most appreciate you retweet.

@BlackRock, for the past two months I’ve highlighted your governance failures on $ECAT, $BIGZ & $BFZ. You set an impossible voting standard for last week’s annual meetings to keep incumbent directors on the board. It required Saba to win 50%+ of all shares, not 50%+ of the votes. Imagine a US election where everyone who stays home and doesn’t vote counts for the incumbent. Hugo Chavez would have been impressed! Disgraceful.

The hypocrisy is stunning because you are violating many of the governance guidelines you publish and expect corporate America to follow. Here is the proof:
$ECAT: https://t.co/i5VY1u9ye1
$BIGZ: https://t.co/raFsOfJToR
$BFZ: https://t.co/8VwVGrWgU9

What also proves that we’re right is that in the significant media attention Saba’s campaign has received, you haven’t challenged ANY of our arguments.
BlackRock, the silence is deafening. All you have said to the media or have written in your mailers is that Saba is a short term investor. Surely, if all the points we made were not facts, you’d have done better than name calling?

$ECAT, an ESG closed end fund with no leverage sits at a $150mm discount to NAV. You have a dozen ESG open end funds that have very similar portfolios that you could merge it into. Every one of the thousands of investors - including your employees who own ECAT - would make back this gargantuan loss. They could stay in the fund or sell - but they would no longer be trapped by a bottom quartile discount, which is a symbol of your failure.

Since you manage $8 trillion of open end funds, I don’t think anyone would believe you are trying to spare investors. You should admit that the ONLY reason you won’t do it is because the stock market values the open end funds you manage at a lower multiple than ‘permanently trapped’ closed end funds.

Often, an activist’s plan involves uncertainty. Closed end activism is certain. Merging with an open end fund is certain to restore it to NAV. It’s a fact. If it weren’t, BlackRock would have offered a counterpoint.

BlackRock’s behavior is aberrant. The boards at @GoldmanSachs and @GuggenheimPtnrs have shown exemplary governance to their closed end fund investors. There’s a reason @PIMCO’s closed end funds trade at a top quartile price to NAV.

BlackRock’s closed end fund board members have failed to fulfill their duty to shareholders, blinded by the $500,000 paycheck they each receive for sitting on 70 boards, even though BlackRock’s guidelines have a limit at 4. YOU CAN’T MAKE THIS STUFF UP.

Shame

[Carlos Gonzalez 🇺🇸🇨🇷🇳🇮 @cagonzalez]

Big congratulations to @jpdrouin, @ToddGottula and the whole @ClarifyHealth team!

[Bloomberg Live @BloombergLive]

"Costco pays the average worker $25 an hour...Costco has a 9-year average tenure. And they're competing with other low-cost retailers, and they're winning. And they're doing it with a good jobs strategy." Warren Valdmanis of Two Sigma Impact #WorkShifting

[Carlos Gonzalez 🇺🇸🇨🇷🇳🇮 @cagonzalez]

@LeslieFeinzaig Easy….Conéctalo con @nickmarin

[Carlos Gonzalez 🇺🇸🇨🇷🇳🇮 @cagonzalez]

@KellerRinaudo @zipline So happy to read this! I don’t remember the exact number, but I think you told me early on that every 16 or so flights would save a life (that was when the biz plan was only vaccines). What do you think that number is now?

[Zeynep Ton @zeynepton]

Delighted to work with @justcapital_ and @paypal on the Worker Financial Wellness Initiative. All firms should examine whether they are meeting basic needs of their workers by using data (e.g.,total take-home pay, benefit uptake, internal promotion rate)
https://t.co/ieW983uk2e

[Carlos Gonzalez 🇺🇸🇨🇷🇳🇮 @cagonzalez]

Well put @zeynepton!

[Bloomberg Live @BloombergLive]

How do we define quality jobs? @business' @antoniabmassa talks with @MITSloan Professor @zeynepton. "If I had a magic wand, and could ask any company to disclose any metrics - employee turnover, pay and benefits and internal promotion."
#SustainableBizSummit

[Zeynep Ton @zeynepton]

Beautiful. Thank you for all you do @YoYo_Ma for essential workers. For All You Do - Raffi and Lindsay Munroe duet, featuring Yo-Yo Ma. https://t.co/SJ7rvWUIe0 via @YouTube

[Zeynep Ton @zeynepton]

During WW2 biz leaders stepped up to create good jobs (as my friend @rgmcgrath often mentions). Part of what drove them was their fear of socialism. Stakes for capitalism are high again. We need business leaders to commit to creating good jobs again. https://t.co/WT3oUI4O3P

[Rita Gunther McGrath @rgmcgrath]

I wish every Board member in American companies would read this interview with @zeynepton @PeterGeorgescu https://t.co/v84RselgQ5

[Carlos Gonzalez 🇺🇸🇨🇷🇳🇮 @cagonzalez]

Q&A with @zeynepton https://t.co/wTYu6MgzkK via @AmerCompass

[Zeynep Ton @zeynepton]

My prediction: Companies like Mercadona that have low employee turnover, strong unit managers, and a culture of both conformance to standards and empowerment, will keep customers and employees safer than those w/ high turnover, weak managers, top-down standards + no empowerment.

[Zeynep Ton @zeynepton]

Text-based safety training for service workers. Recommended for all small businesses. Thank you Dan and team!

[Carlos Gonzalez 🇺🇸🇨🇷🇳🇮 @cagonzalez]

Congrats @zipline!

[Keller Cliffton @Keller]

Excited to finally announce our partnership with the Philippine Red Cross today in Manila. We plan to deliver blood to 40m people across the country. @DickGordonDG is a visionary Red Cross leader

[Carlos Gonzalez 🇺🇸🇨🇷🇳🇮 @cagonzalez]

@LeslieFeinzaig Say hi to your father and brother for me!

[Harvard Business Review @HarvardBiz]

42 million Americans had service jobs last year. Improving these jobs could be key to rebuilding a healthy middle class, writes @zeynepton. https://t.co/FueTLn8GXy