Topic: Corporate Governance

The art of professional memo writing is presented as a vital "Cover Your Ass" (CYA) tool in corporate and government environments. One host recounts how a string of memos regarding a faulty fiberglass cargo container design at Trailmobile saved his job when the product eventually failed. The strategy involves documenting issues in writing and opening every memo with complimentary language to avoid immediate hostility.

A discussion on the art of the "Cover Your Ass" (CYA) memo highlights how professional formatting can protect employees in large organizations. Effective memos should begin with complimentary language about the organization's mission before addressing specific grievances or warnings. An anecdote from a former inspector at Trailmobile demonstrates how a paper trail of unaddressed concerns can prevent an employee from being scapegoated for product failures.

Governor Jerry Brown signed a law requiring publicly held corporations headquartered in California to include women on their boards of directors. The hosts question the constitutionality of the law and suggest it may drive companies to incorporate in states like Delaware. They also mock the NPR coverage that links the law to the national conversation surrounding the Kavanaugh hearings.

The difficulty of firing employees in the European Union is discussed, with the hosts noting that companies often need court permission or specific dates to conduct layoffs. The UK government's proposals on corporate governance are examined, specifically the idea of giving shareholders binding votes on executive pay packages to curb "corporate greed."

A leaked chapter of the Trans-Pacific Partnership (TPP) reveals plans for an international tribunal that could override U.S. laws and environmental regulations. The agreement, negotiated in secret, is described as "enforceable corporate global governance" rather than a simple trade deal. The hosts commit to a deeper analysis of the legislation, noting its potential to increase medication costs and enforce restrictive copyright measures.

The hosts outline a satirical 2016 presidential platform under the "No Agenda Party." Proposals include taking the United States public on the New York Stock Exchange, issuing shares to citizens, implementing a 15% flat tax, and nationalizing the broadcast spectrum.