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MiB: Jennifer Grancio, Engine No. 1

The Big Picture

Grancio believes that even passive investors should vote their shares. This allows passive investors the opportunity to drive positive impact as active owners. The firm has successfully driven policy changes at such industrial giants as Exxon Mobil and General Motors. VOTE invests in a portfolio of the 500 largest U.S.

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Private Credit, Meet “Higher for Longer”

Blackstone

From March 2009 when the S&P 500 traded at 13x earnings to August 2020 when it peaked at 23x, a passive investor in the market earned 16% per annum. Private credit provided 65% of loans for the leveraged buyout (LBO) market in 2021 and 86% for the market as of year to date 2023.

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The Double Standard of Female CEOs Moving Fast and Breaking Things

This is going to be BIG.

Meanwhile, even after *sixty* Coinbase employees decided they’d rather take a buyout than work for a company with such insensitive policies, the praise continued for Armstrong, who got to keep his job. Yet, many said this wasn’t enough. I’m not defending Audrey’s actions as a CEO. It makes me want to quit venture capital entirely.

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