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Evan Epstein Profile
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
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@evanepstein
Evan Epstein
16 hours
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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@evanepstein
Evan Epstein
6 hours
What a mess. Trying to innovate on governance structure may backfire in a huge way… / An Elon Musk-led group made a $97.4 billion bid for control of OpenAI, complicating Sam Altman’s plans to convert the ChatGPT maker into a for-profit company
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@evanepstein
Evan Epstein
16 hours
“It cost 3.69 cents to produce and distribute a penny last year (ie each penny made a loss of 2.69 cents).” “Last year, the Mint issued over 3B pennies, according to its annual report, at a loss of about $85.3M. [~250B pennies in circulation in the US]”
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@evanepstein
Evan Epstein
2 days
RT @TechEmails: Mark Zuckerberg messages Facebook engineer April 5, 2012
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@evanepstein
Evan Epstein
2 days
Incredible. Saving billions!
@elonmusk
Elon Musk
2 days
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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@evanepstein
Evan Epstein
3 days
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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@evanepstein
Evan Epstein
3 days
RT @Matt_Hougan: There is an absolutely massive disconnect between retail and professional sentiment in crypto right now. Retail sentiment…
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@evanepstein
Evan Epstein
3 days
RT @AutismCapital: 🚨BREAKING: Japan says it will be investing up to $1T in the United States
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@evanepstein
Evan Epstein
3 days
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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@evanepstein
Evan Epstein
3 days
Politics aside, the waste and incompetence is massive in this one.
@elonmusk
Elon Musk
3 days
The California high-speed rail project is an example of where incompetence in the limit is indistinguishable from fraud
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@evanepstein
Evan Epstein
3 days
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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@evanepstein
Evan Epstein
3 days
RT @dougboneparth: Never forget the paper straw wrapped in plastic.
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@evanepstein
Evan Epstein
4 days
Change of focus on FCPA enforcement 👀 / Drug cartels are what the Trump Justice Department cares about now—and not so much crooked executives or Russian oligarchs, the new AG says
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@evanepstein
Evan Epstein
5 days
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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@evanepstein
Evan Epstein
6 days
đź‘€
@elonmusk
Elon Musk
6 days
Did you know that over $100 billion dollars in COVID payments was stolen by professional foreign fraud rings?
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@evanepstein
Evan Epstein
6 days
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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@evanepstein
Evan Epstein
6 days
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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@evanepstein
Evan Epstein
6 days
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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@evanepstein
Evan Epstein
6 days
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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@evanepstein
Evan Epstein
7 days
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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