An Entitled Generation: “I am the very model of a modern major CEO”
“We have a very entitled generation that has never had to sacrifice” — Rob Kapito, President of BlackRock
I am the very model of a modern major CEO
I’ve information on oil and gas and matters intergenerational
I know what drives the markets and all the forces most inflational
And awe you with my acumen and flattery sensational.“We have a very entitled generation that has never had to sacrifice”
We dumped $20 trillion in debt on them. They went and bought a latte twice.
They’ll go into a store but they won’t get the things that they want to get
A consequence appropriate when seat belt buckling they forget.We’re short in housing, oil, and ag, and all the other key supplies
Because we fixed the chains and watch pump’n’dumps with our AIs
We’re short of workers too, but still we will not pay them any more
No one wants to work for free, but outsourcing cannot guard the store.If we flatter the producers who have struggled to be billionaires
And mock the peasant workers ’til we acquire more for our own shares
Inflation’s running wild, we have $10 trillion under management
And when those debts come due then you will find we are long vanish’d.
- Tom Tordillo
On March 30, 2022, Sophie Mellor at Fortune Magazine reported that on March 29, 2022, Sergio Chapa and Silla Brush at Bloomberg reported that BlackRock Inc. President Rob Kapito said a bunch of things to the Texas Independent Producers and Royalty Owners Association (“TIPRO”), including something about the generations younger than his own.
Yes, you read that right…a report on a report on a report.
Anyone starting with Fortune’s story comes in at the tail end of the business news cycle, after 99.99% of any tradeable information has already been acted upon by those closer to the source. If they’re very lucky/smart, and don’t spend more on the trades than they need to, someone reading the story might make the value of two lattes on the information provided with a few smart trades of some sort…though exactly what stocks would a person buy if one wanted to short-sell an entire generation (or three)?
Seems to me that each generation learns about sacrifice from the preceding generations. What are the great sacrifices of the Baby Boomer generation? Families with two-income streams? Replacing lunar landers with Space Shuttles?
Compare that to Millennials and Gen Xers, deferring/delaying the opportunity to have kids, mostly unable to afford a new house (which often costs 5x what it did for Baby Boomers relative to family income), yet trying to do right by the environment and one another. Where Baby Boomers had numerous job prospects that didn’t require a college degree, the next generations needed that degree — and the mountain of debt — and still often cannot find the work they seek.
Baby Boomers could anticipate free time in their evenings, because what sort of employers calls you at home unless it’s a real emergency? Gen X? Millennials? No such entitlement. Is there anything more valuable than time?
