James

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James

James

@jcrizane

Beigetreten Ocak 2016
340 Folgt408 Follower
James
James@jcrizane·
@dandinohill @theliamnissan I’ve said the same thing. Are these guys doing this on purpose? It sure seems like it at times.
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Dan Hill
Dan Hill@dandinohill·
I'm 68 and I've seen some unusual things - but nothing quite like this. I believe many of our own elected "leaders" are intentionally trying to harm the country. They are probably being paid Big Money to do so.
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James
James@jcrizane·
@BillAckman @X Screw her. Better not to give into blackmail.
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Bill Ackman
Bill Ackman@BillAckman·
I am reaching out to the @X community for advice with the likely risk of sharing TMI. I have been sufficiently upset about the whole matter that I have lost sleep thinking about it and I am hoping that this post will enable me to get this matter off my chest. By way of background, I started a family office called TABLE about 15 years ago and hired a friend who had previously managed a family office, and years earlier, had been my personal accountant. She is someone that I trusted implicitly and consider to be a good person. The office started small, but over the last decade, the number of personnel and the cost of the office grew massively. The growth was entirely on the operational side as the investment team has remained tiny. While my investment portfolio grew substantially, the investments I had made were almost entirely passive and TABLE simply needed to account for them and meet capital calls as they came in. While TABLE purchased additional software and other systems that were supposed to improve productivity, the team kept increasing in size at a rapid rate, and the expenses continued to grow even faster. While I would periodically question the growing expenses and high staff turnover, I stayed uninvolved with the office other than a once-a-year meeting when I briefly reviewed the operations and the financials and determined bonus compensation for the President and the CFO. I spent no time with any of the other employees or the operations. The whole idea behind TABLE was that it would handle everything other than my day job so that I would have more time for my job and my family. Over the last six years, expenses ballooned even further, employee turnover accelerated, and I became concerned that all was not well at TABLE. It was time for me to take a look at what was going on. Nearly four years ago, I recruited my nephew who had recently graduated from Harvard and put him to work at Bremont, a British watchmaker, one of my only active personal investments to figure out the issues at the company and ultimately assist in executing a turnaround. He did a superb job. When he returned from the UK late last year after a few years at Bremont, I asked him to help me figure out what was going on with TABLE. When I explained to TABLE’s president what he would be doing, she became incredibly defensive, which naturally made me more concerned. My nephew went to work by first meeting with each employee to understand their roles at the company and to learn from them what ideas they had on how things could be improved. He got an earful. Our first step in helping to turn around TABLE was a reduction in force including the president and about a third of the team, retaining excellent talent that had been desperate for new leadership. Now here is where I need your advice. All but one of the employees who were terminated acted professionally and were gracious on the way out (excluding the president who had a notice period in her contract, is currently still being paid, and with whom I have not yet had a discussion). The highest compensated terminated employee other than the president, an in-house lawyer (let’s call her Ronda), told us that three months of severance was not enough and demanded two years’ severance despite having worked at the company for only two and one half years. When I learned of Ronda's request for severance, I offered to speak with her to understand what she was thinking, but she refused to do so. A few days ago, we received a threatening letter from a Silicon Valley law firm. In the letter, Ronda’s counsel suggests that her termination is part of longstanding issues of ‘harassment and gender discrimination’ – an interesting claim in light of the fact that Ronda was in charge of workplace compliance – and that her termination was due to: “unlawful, retaliatory, and harmful conduct directed towards her. Both [Ronda] and I [Ronda’s lawyer] have spoken with you about [Ronda’s] view of what a reasonable resolution would include given the circumstances. Thus far, TABLE has refused to provide any substantive response. This letter provides the last opportunity to reach a satisfactory agreement. If we cannot do so, [Ronda] will seek all appropriate relief in a court of competent jurisdiction.” The letter goes on to explain the basis for the “unsafe work environment” claim at TABLE: “In early 2026, Pershing Square’s founder Bill Ackman installed his nephew in an unidentified role at TABLE, Ackman’s family office. [His nephew]—whose only work experience had been for TABLE where he was seconded abroad for the last four years to a UK watch company held by Ackman—began appearing at TABLE’s offices and conducting interviews of employees without a clear explanation of his role or the purposes of these interviews. During this period, he made a series of inappropriate and genderbased [sic] comments to multiple employees that created an unsafe work environment. Among other things, [his nephew] made remarks about female employees’ ages (“Tell me you are nowhere near 40”), physical appearance (“Your body does not look like you have kids”), as well as intrusive questions about family planning and sexual orientation (“Who carried your son? Who will carry your next child?”). These incidents were reported to senior leadership at TABLE and Pershing Square. Rather than being addressed appropriately, the response from senior management reflected, at best, willful blindness to the inappropriateness of [his nephew]’s remarks and, at worst, tacit endorsement.” The above allegations about my nephew had previously been brought to my attention by TABLE’s president when they occurred. When I learned of them, I told the president that I would speak to him directly and encouraged her to arrange for him to get workplace sensitivity training. The president assured me that she would do so. When I spoke to my nephew, he explained what he actually had said and how his actual remarks had been received, not at all as alleged in the legal letter from Ronda’s counsel. I have also spoken to others at the lunch table who confirmed his description of the facts. In any case, he meant no harm, was simply trying to build rapport with other employees, and no one, as far as I understand, was offended. Ironically, Ronda claims in her legal letter that TABLE didn’t take HR compliance seriously, yet Ronda was in charge of HR compliance at TABLE and the person who gave my nephew his workplace sensitivity training after the alleged incidents. In any case, Ronda, as head of compliance, should have kept a record or raised an alarm if indeed there was pervasive harassment or other such problems at the company, and there is no evidence whatsoever that this is true. So why does Ronda believe she can get me to pay her nearly $2 million, i.e., two years of severance, nearly one year of severance for each of her years at the company? Well, here is where some more background would be helpful. Over the last two months, I have been consumed with a major family medical issue – one of my older daughters had a massive brain hemorrhage on February 5th and has since been making progress on her recovery – and I am in the midst of a major transaction for my company which I am executing from a hospital room office next to her . While the latter business matter is publicly known, the details of my daughter’s situation are only known to Ronda because of her role at our family office. Now, let’s get back to the subject at hand. Unfortunately, while New York and many other states have employment-at-will, there has emerged an industry of lawyers who make a living from bringing fake gender, race, LGBTQ and other discrimination employment claims in order to extract larger severance payments for terminated employees, and it needs to stop. The fake claim system succeeds because it costs little to have a lawyer send a threatening letter and nearly all of the lawyers in this field work on contingency so there is no or minimal cash cost to bring a claim. And inevitably, nearly 100% of these claims are settled because the public relations and legal costs of defending them exceed the dollar cost of the settlement. The claims are nearly always settled with a confidentiality agreement where the employee who asserts the fake claims remains anonymous and as a result, there is no reputational cost to bringing false claims. The consequences of this sleazy system (let’s call it ‘the System’) are the increased costs of doing business which is a tax on the economy and society. There are other more serious problems due to the System. Unfortunately, the existence of an industry of plaintiff firms and terminated employees willing to make these claims makes it riskier for companies to hire employees from a protected class, i.e., LGBTQ, seniors, women, people of color etc. because it is that much more reputationally damaging and expensive to be accused of racism, sexism, and/or intolerance for sexual diversity than for firing a white male as juries generally have less sympathy for white males. The System therefore increases the risk of discrimination rather than reducing it, and the people bringing these fake claims are thereby causing enormous harm to the other members of these protected classes. So what happened here? Ronda was vastly overpaid and overqualified for the job that she did at TABLE. She was paid $1.05 million plus benefits last year for her work which was largely comprised of filling out subscription agreements and overseeing an outside law firm on closing passive investments in funds and in private and venture stage companies, some compliance work, and managing the office move from one office to another. She had a very good gig as she was highly paid, only had to go into the office three days a week, and could work from anywhere during the summer. Once my nephew showed up and started to investigate what was going on, she likely concluded that there was a reasonable possibility she would be terminated, as her job was in the too-easy-and-to-good-to-be-true category. The problem was that she was not in a protected class due to her race, age or sexual identity so she had to construct the basis for a claim. While she is female and could in theory bring a gender-based discrimination claim, she reported to the president who is female and to whom she is very close, which makes it difficult for her to bring a harassment claim against her former boss. When my nephew complimented a TABLE employee at lunch about how young she looked – in response to saying she was going to her 40-year-old sister’s birthday party, he said ‘she must be your older sister’ – Ronda immediately reported it to our external HR lawyer. She thereby began building her case. The other problem for Ronda bringing a claim is that she was terminated alongside 30% of other TABLE employees as part of a restructuring so it is very difficult for her to say that she was targeted in her termination or was retaliated against. TABLE is now hiring an external fractional general counsel as that is all the company needs to process the relatively limited amount of legal work we do internally. In short, Ronda was eminently qualified and capable and did her job. She was just too much horsepower for what is largely an administrative legal role so she had to come up with something else to bring a claim. Now Ronda knew I was a good target and it was a good time to bring a claim against me. She also knew that I was under a lot of pressure because on March 4th when Ronda was terminated, my daughter had not yet emerged from consciousness, she was not yet breathing on her own, and my daughter and we were fighting for her life. I was and remain deeply engaged in her recovery while at the same time I was working on finishing the closing for the private placement round for my upcoming IPO. Ronda also knew that publicity about supposed gender discrimination and a “hostile and unsafe work environment” are not things that a CEO of a company about to go public wants to have released into the media. And she may have thought that the nearly $2 million she was asking for would be considered small in the context of the reputational damage a lawsuit could cause, regardless of the fact that two years of severance was an absurd amount for an employee who had only worked at TABLE for 30 months. She also likely considered that I wouldn’t want to embarrass my nephew by dragging him into the klieg lights when her claims emerged publicly. So, in summary, game theory would say that I would certainly settle this case, for why would I risk negative publicity at a time when I was preparing our company to go public and also risk embarrassing my nephew. Notably, she hired a Silicon Valley law firm, rather than a typical NY employment firm. This struck me as interesting as her husband works for one of the most prominent Silicon Valley venture firms whose CEO, I am sure, has no tolerance for these kinds of fake claims that sadly many venture-backed companies also have to deal with. I mention this as I suspect her husband likely has been working with her on the strategy for squeezing me as, in addition to being a computer scientist, he is a game theorist. My only advice for him is to understand more about your opponent before you launch your first move. All of the above said, gender, race, LGBTQ and other such discrimination is a real thing. Many people have been harmed and deserve compensation for this discrimination, and these companies and individuals should be punished for engaging in such behavior. Which brings me to the advice I am seeking from the X community. I am not planning to follow the typical path and settle this ‘claim.’ Rather, I am going to fight this nonsense to the end of the earth in the hope that it inspires other CEOs to do the same so we shut down this despicable behavior that is a large tax on society, employment, and the economy and contributes to workplace discrimination rather than reducing it. Do you agree or disagree that this is the right approach?
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James
James@jcrizane·
@AGPamBondi The writing was on the wall after the Dow dropped from 50,000.
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Attorney General Pamela Bondi
Over the next month I will be working tirelessly to transition the office of Attorney General to the amazing Todd Blanche before moving to an important private sector role I am thrilled about, and where I will continue fighting for President Trump and this Administration. Leading President Trump’s historic and highly successful efforts to make America safer and more secure has been the honor of a lifetime, and easily the most consequential first year of the Department of Justice in American history. Since February 2025, we have secured the lowest murder rate in 125 years, secured first-ever terrorism convictions against members of Antifa, shattered domestic and transnational gangs across the country, taken custody of more than 90 key cartel figures, and won 24 favorable rulings at the Supreme Court. I remain eternally grateful for the trust that President Trump placed in me to Make America Safe Again.
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Martin Shkreli
Martin Shkreli@MartinShkreli·
@xwrks there's no such thing as a stack, this is nonsense
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James
James@jcrizane·
@joni_askola Russia is getting all they can handle from Ukraine. They can’t invade another country.
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Joni Askola
Joni Askola@joni_askola·
If Russia launches a ground invasion of an EU country and the US refuses to help, Europe would be in deep trouble. Russia currently has a significant advantage in unmanned warfare. It would take months of heavy losses for Europe to catch up to their drone capabilities
Joni Askola tweet media
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James
James@jcrizane·
@DrJStrategy Markets got it exactly right. Long war and much more money and lives to be spent.
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James E. Thorne
James E. Thorne@DrJStrategy·
For the record. Markets again misread Trump’s Iran speech by taking him literally. Old rule: take Trump seriously not literally. Should be applied today. His “Stone Age” threats are leverage, not a base‑case plan. With core objectives “nearly complete” and a China trip looming, his true aim is a headline deal and victory narrative, not open‑ended escalation. Have a nice day.
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James
James@jcrizane·
@ZeeContrarian1 If we do send troops, I’ll be interested to see if that emboldens China to take Taiwan. Hard for us to project power and fight two different wars at the same time.
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Adam Taggart
Adam Taggart@adamtaggart·
Thought tonight's Presidential address was a missed opportunity No matter how well it may be going, many Americans are uncomfortable that we are at war Trump should have offered more specific details on why the US had to act when it did
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James
James@jcrizane·
@joekent16jan19 My only takeaway was we are going to be at it for a while.
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Joe Kent
Joe Kent@joekent16jan19·
The purpose of POTUS’s speech this evening was to show that we can declare victory when we choose. This is only possible if POTUS restrains the Israelis 1st. Israel needs us committed indefinitely, we are seeking a quick end to the war. We have drastically different goals than Israel & must act accordingly.
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James
James@jcrizane·
@MartinShkreli Bro, unless you bench with at least 3 plates each side, you have no idea what you are talking about.
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James
James@jcrizane·
@SecScottBessent @POTUS Can I thank him for my power bill doubling? How about groceries that are still sky high?
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Treasury Secretary Scott Bessent
Under @POTUS, our nation has built the strongest economy in history — all guided by his decisive leadership. It is thanks to this leadership by which our core strategic objectives in Iran are nearing completion, and by which we are on the cusp of ending Iran’s threat to the world. America’s economic strength feeds into our great military strength. Economic security is national security. And President Trump is leveraging both in this conflict, keeping Americans for generations to come secure and prosperous.
The White House@WhiteHouse

President Trump Delivers an Address to the Nation, Apr. 1, 2026 twitter.com/i/broadcasts/1…

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Banana3
Banana3@Banana3Stocks·
$SPY $QQQ 🍌 NEWS: Trump just finished his speech on Iran\ Futures have come down, Oil is slightly higher 🍌 Opinion, I know what futures are reacting to, that’s the easy part, but do you know the one key line that supersedes everything that is bullish and I think the market figures it out soon enough?
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Z
Z@ZeeContrarian1·
I believe March marked the bottom for the $SPX, and April will mark the top for crude oil in this Iran war cycle. I’m not trying to call the exact day of the bottom, and I never will. March was peak fear for the $SPX, and April will be peak fear for oil.
Z@ZeeContrarian1

As I’ve said before - March is likely the timing bottom in the Iran war cycle. History shows markets drop fast on geopolitical shocks, then bottom within weeks and recover. S&P 500 is already ~5% down since Feb 28 start of war, right on schedule.

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James
James@jcrizane·
@Jkylebass @WhiteHouse @StateDept That speech was uninspiring and provided no new information other than this war will continue for some time. Look out below markets…
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The White House
The White House@WhiteHouse·
Clear objectives since day one.
The White House tweet media
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Rick Wilson
Rick Wilson@TheRickWilson·
Low energy and slurry Trump tonight.
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Martin Shkreli
Martin Shkreli@MartinShkreli·
one more thing peptide bro retards stop using the term "stack" there is no stack. you are not a database. fake peptide #1 does not connect in any way to counterfeit GLP-1 #2 which has no relationship to meth/adhd pill #3. only stack here is the stack of stupid shit you are doing
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James
James@jcrizane·
@RadioFreeTom @TheRickWilson We broke it, we buy it. Leaving Hormuz closed will lead to one of those unintended consequences everyone talks about in a war-and it won’t be good for the US.
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Tom Nichols
Tom Nichols@RadioFreeTom·
It took a almost a century for the United States to build a global system of trade, security, and cooperation, and these guys are going to throw it away because they screwed up and have to save face.
Aaron Rupar@atrupar

Hegseth indicates reopening the Strait of Hormuz is not a core US objective: "We've been willing to lead, President Trump has led the entire time, but it's not just us. You might want to start learning how to fight for yourself."

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James
James@jcrizane·
@RepDonBacon Our President is bound and determined to throw him a lifeline. What does Trump get in return, or what does Putin have on Trump?
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James
James@jcrizane·
@EricLDaugh You act like this is a good thing. We invoked article 5 and our allies joined us after 9/11. Wait til we have boots in Iran and China takes Taiwan. We won’t have any allies and we won’t be able to defend Taiwan. China will be the superpower and Trump is ensuring our demise.
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Eric Daugherty
Eric Daugherty@EricLDaugh·
🚨 HOLY CRAP! SecWar Pete Hegseth just dropped a truth nuke on NATO “You don't have much of an ALLIANCE if you have countries that are not willing to STAND with you when you need them!” NATO is officially on notice. President Trump never forgets.
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