This week
@netflix
released the second season of Dirty Money. I am part of the Wells Fargo episode, talking about one of the craziest stories of my career.
Wells Fargo was long seen as the 'golden child' of banking. But former employees detail the ruthless and fraudulent practices that fueled its growth.
#DirtyMoneyNetflix
is now streaming.
WSJ exclusive: Microsoft directors started an investigation in 2019 into allegations by a female staffer of a sexual relationship with Bill Gates. Gates decided to resign from the board before the probe was completed. Our deep dive into what happened:
SCOOP: Friendship between Elon Musk and Google co-founder Sergey Brin is ruptured by Musk's alleged brief affair with Brin's wife.
by
@KirstenGrind
and me
NEW: Facebook today said it is removing Trump campaign ads relating to a census for violating its census interference policy. Follows great reporting from
@JuddLegum
@WSJ
story w/
@janetadamy
here:
1. In Decemeber, Facebook pledged to remove ANY content with misleading information about how to participate in the Census.
Now, the Trump campaign is running 1000+ Facebook ads promoting a fake 2020 Census
Facebook tells me it will take no action
NEW: JPMorgan Chase will halt all political giving -- to Republicans & Democrats -- from its PAC. The move is in response to violence at the Capitol alongside health and economic crises, per Peter Scher, who runs corporate responsibility for the bank.
SCOOP: The CEOs of Exxon and Chevron spoke last year about merging the oil giants, according to people familiar with the talks, in what could be one of the largest corporate mergers ever. via
@WSJ
NEW: Facebook's Sheryl Sandberg pressured the Daily Mail to shelve a potential article about her then-boyfriend, Activision Blizzard’s Bobby Kotick, sources said.
The great
@finebaum
is so impressed by
@bykevinclark
’s college football takes that he’s left speechless and has to ask his staff about it. Love to see it!
Kevin is such a big fan of this show he was beaming all of yesterday.
NEW: Dozens of CEOs joined a weekend Zoom to plot next steps on voter access; some signal they’ll sign on to new statement spearheaded by Ken Chenault and Ken Frazier
from me,
@ChipCutter
&
@tepingchen
Job update: I’ll be joining the
@WSJ
politics team as a 2020 campaign reporter focusing on the intersection of finance, business and politics (based in LA). It’s been a great five years on the banking team but I’m looking forward to a new challenge. Excited to get started!
NEW: Tesla board members investigated whether company resources were misused in a secret effort to build a glass house for Elon Musk dubbed “Project 42”
By
@rfelliott
,
@KirstenGrind
+ me
Some board members asked abt Gates’s ties to convicted sex offender Jeffrey Epstein. Directors were told the relationship focused on philanthropy & nothing more.
One concern for Melinda French Gates was her husband’s dealings with Epstein, WSJ reported:
During the probe, some board members decided it was no longer suitable for Gates to sit as a director at the software company he started and led for decades, sources said. They didn’t want a director associated with this situation in the wake of the MeToo movement.
The secret phone call to Bob Iger. The text Jim Cramer sent Disney’s CFO. The disastrous board meeting that sank Bob Chapek. This is the full account of Disney’s epic power struggle (from a rockstar team of WSJ reporters + editors)
We have some special life news on this week's SND about something that's gonna happen in a few months and the only person qualified to deliver this news is Bo Outlaw. Here goes:
NEW: President Trump’s tweets questioning the election’s legitimacy cause his supporters to lose confidence in elections & believe they are rigged, per new research believed to be the first to estimate the effect of Trump’s tweets abt election integrity
NEW:
@NVDems
say they have processed all ~75,000 early vote ballots as caucuses begin in a few hours. "Massive turnout, particularly on the final day of early voting, has meant lots of time-consuming data entry,”
@MBForgey
says.
I'm fully back from maternity leave today after eight wonderful months with our son (cc
@bykevinclark
).
Thanks to
@WSJ
for its incredible parental leave policy that allowed me to take my leave in two parts. Excited to (once again) dive in!
Kamala Harris has taken on Wall Street. But Wall Street doesn't seem to mind. Our latest on Biden's VP pick and what it means for the financial world:
CC
@lizrhoffman
@BenEisen
Lowe Post podcast: Wiz GM Tommy Sheppard on the coming offseason in Washington, then Orlando superfan
@bykevinclark
on the Magic's weird post-Dwight existence -- plus Russ trades (about 33:00 in):
Spotify:
Apple:
NEW: Facebook investigated suspicious pro-Bernie Sanders content and if it originated from Trump supporters or Russian actors, sources say. With
@dnvolz
:
Once Biden is sworn in, Twitter will also transfer about a dozen other official presidential accounts to the new administration, incl
@WhiteHouse
,
@Potus
+
@Flotus
.
But there’s a sticking point between Twitter and the Biden team: What will happen to the millions of followers?
At a recent gathering of Facebook’s leadership, some officials discussed whether Facebook has gotten too big, with too much data flowing to manage all of its content. “We created the machine and we can’t control the machine.”
Also hi, I’m back from maternity leave. Working and feeding and raising a baby is no joke. Thanks
@bykevinclark
for taking the lead on Teddy while I get back to writing ledes.
“Obviously the followers who are part of that account are part of the value of building up that institutional asset,” said Obama’s Chief Digital Officer
@goldman
. “Just like —the website—is another asset that remains from administration to administration.”
NEW: How Facebook hobbled Mark Zuckerberg's bid to get America vaccinated.
Company documents show how anti-vaccine activists used Facebook's own tools to sow doubt about the Covid-19 vaccine, with
@samschech
and
@JeffHorwitz
.
Beat update: Excited to share I'm now focusing on a slightly different type of power: business leaders and the influence they wield. That still includes politics, as well as succession, deals and more. It means delving into companies and their heads in a key moment of change.
So proud my husband
@bykevinclark
took his face time
@AroundtheHorn
to keep my
@WSJ
colleague Evan Gershkovich in the headlines.
It has now been more than six months since Evan was wrongfully detained in Russia for doing journalism. It's time to "bring him home."
NEW: Facebook’s lawyers have been investigating outgoing COO Sheryl Sandberg’s use of corporate resources for personal projects going back several years in a broad review, sources say.
By
@dseetharaman
+ me
Elon Musk’s use of drugs—including LSD, cocaine, ecstasy, mushrooms and ketamine—has made some Tesla and SpaceX leaders worry about potential risk to his companies
by me and
@KirstenGrind
along with a team of
@WSJ
reporters and editors
Zach Lowe on
@bykevinclark
"Owner of great hair, stylish jackets and host of one of my favorite things period, Slow News Day."
Co-sign on all accounts.
Lowe Post podcast:
@minakimes
on her villainous Brooklyn Nets fandom, whether the Nets are title favorites, more; then
@bykevinclark
on his beloved Orlando Magic burning it down -- and what come next (CHUMA!!!!):
Apple:
Spotify:
NEW: Microsoft executives in 2008 discovered flirtatious emails between Bill Gates & a female employee that they deemed inappropriate, sources say. They told the co-founder to stop & briefed some board members.
On Weds morning
@ChipCutter
& I reported CEOs were considering withholding political donations to Republican lawmakers trying to thwart a peaceful transition.
Today
@JuddLegum
reports PACs from Blue Cross Blue Shield, Commerce Bank & Marriott will make such changes.
1. BREAKING
3 major corporations say they'll stop donating to members of Congress who tried to overturn the election
BlueCross BlueShield (
@BCBSAssociation
)
Marriott (
@MarriottIntl
)
@CommerceBank
Follow along for more on these 3 plus 141 other corps
"Russia interfered in the 2016 election and...is playing in 2020," Harris says in the debate, citing experts.
Read more on how Kremlin-backed Russia Today used a little-known traffic exchange to reach U.S. readers:
"Facebook recently started a review of Ms. Sandberg’s actions and whether she violated the company’s rules, according to people close to her and to Mr. Kotick."
All star team with
@benfritz
,
@keachhagey
&
@KirstenGrind
NEW: Melinda Gates had discussions with divorce lawyers in October 2019 around when Bill Gates’s ties to Jeffrey Epstein became public. The inside story with
@khadeeja_safdar
SCOOP: Facebook may boost minimum amount of people targeted by political ads to spurn spread of misinformation, among other potential changes under discussion:
Former VP Joe Biden reached out to at least half a dozen supporters today saying he plans to run for president and is seeking big donations to compete with other candidates' online fundraising:
First story on new beat (!) w/
@KThomasDC
Scoop: Warren Buffett's estate planning is sending charities, including the Gates Foundation, scrambling in a move that could reshape the world of philanthropy, according to sources and documents reviewed by WSJ.
The Wall Street Journal reports that Melinda Gates began divorce discussions back in 2019 and has been talking to lawyers about ending the marriage for nearly two years.
@KayleeHartung
has the story.
UPDATE: Delaney is weighing a run for governor of Maryland in 2022, according to a person familiar with the matter. A campaign spokeswoman declined to comment.
Atlanta Falcons owner Arthur Blank, who also owns the Atlanta United soccer team & PGA Tour Superstore, said on the call he believes a large share of fans of the NFL, MLS & PGA want the groups to make their positions known on voting rights, people on the call said.
Talks began after Covid battered oil & gas demand and put financial strain on Exxon & Chevron. The merger talks were described as preliminary and aren’t ongoing but could come back in the future, the people said. Story w/
@cmatthews9
and
@CaraRLombardo
Thrilled to celebrate The Wall Street Journal's win at the Loeb Awards for our Facebook Files coverage in the beat reporting category. We didn't know we won until it was announced, which was exhilarating. It was such a fun time I'm days late in posting!
NEW: Stripe will no longer process payments for President Trump’s campaign website because it violated its policies against encouraging violence, from
@AAndriotis
@rudegeair
+ me:
I vowed at least one
@WSJ
ahed would come out of the countless hours of recent wedding planning. Didn't anticipate it would be about the triumphs and tribulations of securing Star Wars characters to participate in weddings: cc
@erichschwartzel
NEW: The Manhattan DA is investigating financial dealings around some of Trump’s signature Manhattan properties including Trump Tower, 40 Wall St., Trump International Hotel and Tower & Trump Plaza, w/
@coryramey
Jeffrey Epstein used his ties to the rich and famous, including Naomi Campbell, Vera Wang, Woody Allen and Bill Gates, to ensnare women post his arrest in 2008.
@khadeeja_safdar
has the inside story
A WSJ investigation shows Jeffrey Epstein never stopped abusing women. Victims say they were ensnared by his promises to use his VIP connections to get them jobs.
NEW: Facebook is slowing new products for "reputational reviews" to examine how it may be criticized & to ensure products don’t adversely impact children, sources say. Executives have also put a hold on some work on existing products. By me +
@dseetharaman
NEW: Exxon's remade board is debating whether to abandon some major oil and gas projects as it reconsiders the energy giant’s investment strategy, sources say
By
@cmatthews9
+ me
Matters under investigation include the use of Facebook employees for: Sandberg’s book Option B, wedding planning, the nonprofit she founded Lean In and a situation with the Daily Mail and her ex boyfriend Bobby Kotick
NEW: Some women applying for jobs at Bill Gates’s private office were asked about affairs, their porn preference &other sexually explicit topics by a security firm. Gates's office says such questioning would be unacceptable
By
@khadeeja_safdar
+ me
A very special Slow News Day: Lamar Jackson joins the show to talk about, well, everything. Quarantine, Patrick Mahomes, playing without fans and people who don't use him correctly in Madden, the game that made him their cover star this year. Watch:
Facebook executives have discussed the possibility of suing whistleblower Frances Haugen, a former employee, to allege she stole company documents, sources said. Some have raised concerns about whether such a move would cause further reputational damage.
Mellody Hobson, the chairwoman of Starbucks’s board, said on the call that political unrest is bad for business & execs should work together on voting issues as states consider legislation and as the trial over George Floyd’s killing continues, the people said.
NEW: Twitter confirms it will *not* transfer followers of official White House accounts, inc
@WhiteHouse
,
@POTUS
,
@VP
, to Biden admin.
Twitter says it will notify account followers that content will be archived and allow them the choice to follow the Biden admin’s new accounts.
NEW: Multiple directors of Elon Musk’s companies—some who have used drugs with him—have profited enormously from their ties to Musk, raising questions about the board’s independence.
by
@KirstenGrind
, me,
@rfelliott
&
@coulterjones
Great meeting with leaders in the LA legal community this am to talk about the
@KamalaHarris
2020 campaign. We are mobilizing fellow attorneys from all over the country to get involved. Stay tuned for more info!
WSJ scoop: Bill Gates and Melinda French Gates are discussing changes to their foundation, including adding a board and bringing in outside directors, sources said:
NEW: Inside the animosity between Facebook CEO Mark Zuckerberg and Apple CEO Tim Cook, who are feuding over privacy and dueling visions of the internet.
“We need to inflict pain,” Zuckerberg told his team.
With
@dseetharaman
and
@timkhiggins
It is an honor to join friends and
@WSJ
colleagues in reading Evan’s reporting over the course of 24 hours. One day is a long time, and Evan’s work has been silenced for a whole year.
Journalism is not a crime. It's time to bring Evan home.
#IStandWithEvan
INBOX:
@AndrewYang
's super PAC is putting up a "meme museum" billboard during the Dem debate next week.
@georgia_wells
& I wrote about the Yang campaign's memes + what other presidential campaigns are doing when it comes to social media and influencers:
Such a treat to see the legend (and a mentor)
@JoannLublin
in person. So many WSJ reporters, myself included, have learned a ton from Joann. She even brought a signed copy of her new book
#PowerMoms
(I have it digitally!).
NEW: Chevron is preparing to defend itself against a *potential* proxy challenge by activist Engine No. 1.
Chevron plans to announce more-ambitious carbon-reduction targets and add board member w/ environmental experience, sources say:
w/
@cmatthews9
NEW SPORTS MEDIA PODCAST:
It’s the opening of the NFL season with guests
@bykevinclark
(on finding unique NFL stories for The Ringer) and an NFL and CFB sports media Roundtable with
@kavithadavidson
and
@GlobeChadFinn
.
What platform may benefit from Facebook’s political ad changes?
Digital TV.
It is one of the few platforms where specific voter targeting is still possible — and thriving,
@patiencehaggin
and I write:
Happy 100th Birthday to
@MedillSchool
! Grateful for four years digging into journalism through
@thedailynu
and stellar classes — plus making lifelong friends in the process. Shared some thoughts here:
#Medill100