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Evan Epstein
@evanepstein
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Exec. Dir & Professor @uclaw_sf / Focus: Corporate Governance / Host 🎙 https://t.co/jvYPiFzx4l / Newsletter ✍️ https://t.co/5W1npDK5hw #corpgov
San Francisco / Silicon Valley
Joined March 2008
New!🎙️ E164 of the BGP is live! Tune in as I chat with Jonathan Goodman, vice Chair at @DeloitteCanada & former Global Managing Partner at Monitor Deloitte, on winning strategy, boardroom dynamics & navigating uncertainty. Listen now:
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Incredible. Saving billions!
To be clear, what the @DOGE team and @USTreasury have jointly agreed makes sense is the following: - Require that all outgoing government payments have a payment categorization code, which is necessary in order to pass financial audits. This is frequently left blank, making audits almost impossible. - All payments must also include a rationale for the payment in the comment field, which is currently left blank. Importantly, we are not yet applying ANY judgment to this rationale, but simply requiring that SOME attempt be made to explain the payment more than NOTHING! - The DO-NOT-PAY list of entities known to be fraudulent or people who are dead or are probable fronts for terrorist organizations or do not match Congressional appropriations must actually be implemented and not ignored. Also, it can currently take up to a year to get on this list, which is far too long. This list should be updated at least weekly, if not daily. The above super obvious and necessary changes are being implemented by existing, long-time career government employees, not anyone from @DOGE. It is ridiculous that these changes didn’t exist already! Yesterday, I was told that there are currently over $100B/year of entitlements payments to individuals with no SSN or even a temporary ID number. If accurate, this is extremely suspicious. When I asked if anyone at Treasury had a rough guess for what percentage of that number is unequivocal and obvious fraud, the consensus in the room was about half, so $50B/year or $1B/week!! This is utterly insane and must be addressed immediately.
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RT @ashleevance: A single tab in Chrome on my laptop is consuming 102,400 times the amount of memory as the entire Apollo Guidance Computer
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RT @Matt_Hougan: There is an absolutely massive disconnect between retail and professional sentiment in crypto right now. Retail sentiment…
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RT @AutismCapital: 🚨BREAKING: Japan says it will be investing up to $1T in the United States
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RT @typesfast: Panama has the largest sovereign wealth fund in Latin America funded by canal revenues. It makes 100% of its investments in…
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RT @BillAckman: Beginning in early January, we began acquiring a position in @Uber. Today, we own 30.3 million shares. I have been a long…
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Newsletter #61 is out! 🚀 Dive into the surprising details of the GameOn fraud scandal and explore key corporate governance insights from Silicon Valley and beyond. Don't miss out on the latest developments in our fast-moving world
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RT @JustinTrudeau: I just had a good call with President Trump. Canada is implementing our $1.3 billion border plan — reinforcing the borde…
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RT @TrungTPhan: Norway discovered off-shore oil in 1969. It launched its sovereign wealth fund with $300m in 1996. It’s since grown 6,000x…
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RT @TrungTPhan: born too soon to get rugged by Enron equity, but just in time to get rugged by Enron memecoin
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RT @anothercohen: This is one of the software engineers working with Elon Musk on DOGE to reduce our country's excessive spending problem.…
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RT @CliffordAsness: Apparently we’re running a surplus now as a country right? I mean no sane country would raise taxes or borrow money jus…
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