Jay Shun

“Everyone you fight is not your enemy and everyone that helps you is not your friend.” ~ Mike Tyson

🚨🚨THIS IS INSANE🚨🚨 #Chiefs 29th overall pick Peter Woods purchased multiple Maserati SUVs for his mother & sister last night after he was drafted. Woods spent $200,000+ on the cars. Peter will only make 2.4 million per year after taxes. 😳😳😳

Proud Grandfathers Eddie Murphy and Martin Lawrence!! Eddie Murphy’s eldest son and Martin Lawrence’s eldest daughter are the parents of this beautiful baby girl Ari Skye Murphy 💕

KPMG is laying off 10% of their audit partners. You might have missed the news amidst today’s announcement that Meta is also laying off 10% of their employees. I’ll be blunt: If you work in front of a computer, your job isn’t safe. It doesn’t matter how senior you are (KPMG’s partners literally own the company). Nor does it matter how good you are at your job (Meta’s engineers are among the best of the best in the tech industry). Your job is at risk, and it’s incumbent on you—and no one but yourself—to plan for what you do in your career to proactively manage that risk. Four reasons why this is happening: 1. Competition: AI is reducing barriers to entry across every industries, from professional services (such as the audit and advisory services provided by the likes of KPMG) to software and everything in between. Reduced barriers to entry mean increased competition, which means lower pricing power, margin compression, and pressure to reduce costs—especially fixed costs such as labor, which is the number one expense for most white-collar businesses. 2. Need to Invest: As incumbents face increased competition from new entrants to their market and from substitute products (e.g., vibe-coded homebrew SaaS replacing expensive vertical SaaS products that previously enjoyed virtual monopolies within their respective target markets), they are forced to make sizable investments in technology to remain competitive. In the case of professional services companies, this means large investments in proprietary software (all of the Big Four firms are investing billions in new technology right now); for big tech companies, this means tens of billions of dollars going into data centers and physical infrastructure. Essentially, capex and opex are in the middle of a zero-sum battle in corporate budgets. As companies face the need to invest more in capex and R&D—and as capital markets become increasingly averse to providing them additional liquidity to fund it, out of concerns that the ROIC on said capex will not be accretive to earnings—opex is cannibalized to fund capex. And, again, the primary lever CFOs in white-collar companies have to instantly reduce opex is layoffs. 3. Automation: These competitive pressures are compounded by AI rapidly automating work faster than incremental revenue is able to be generated. In other words, workers are being made redundant faster than companies are able to come up with the new business that might otherwise save those jobs. Some in the tech industry (people far smarter than me, I will add) conjecture that, on a net basis, AI will create more jobs than it will destroy, due to an AI-facilitated period of hypergrowth and a corresponding boom in corporate earnings. But with every company I advise, across the worlds of startups, SMBs, and large industrial companies, I’m simply not seeing that yet, and I don’t know anyone who is. 4. It might feel like ancient history at this point, but many companies are still dealing with the excesses of the Covid-era labor market. Money was loose, talent was in short supply, and software companies, financial services firms, and professional services companies hired too many people too fast, with standards that were too low. They’ve made significantly progress in right-sizing their workforces over the past couple years (return-to-office mandates, for example, have essentially created “soft layoffs” at many large companies), but much work still remains. If you’re picturing your career and your company as you read these words, I can’t emphasize it enough: Plan ahead. Build a network of people outside your company who would want to work with you if your current job were made redundant. Think about businesses you might want to start (it’s a lot easier to keep your job if no one but your customers can terminate you). Set money aside. Be proactive, not reactive. Be a predator, not the prey. Because these trends are inexorable, they’re unstoppable, and, chances are, they’re coming for all of us. Start planning. And start planning now.

The SWAC, MEAC, CIAA, and SIAC have unified behind the new Black College Football Poll and Black College Football All-American Teams. Weekly rankings and Postseason awards! Inaugural poll is July 1. Story: si.com/college/hbcu/f…

Tennessee State and Meharry have an accelerated program for students to become doctors and dentist in 7 years. Currently this program has no Black Men applying. Applicants can email Gussie.Fuller@gmail.com and also have them follow @theblackdoctor on IG! Please like and share!

We got the Draft soon… we got s*** to do!

Being in your early 40s is weird, man. People around your age are in every stage of life. You have people who are grandparents. You have people who have newborns. You have people dating 25-year-olds. You have people celebrating their 20th wedding anniversary. Some of them look 60, and some of them look 30. All the bases are covered when you are in your early 40s.

First recovery footage of the Artemis II crew has just been released

Home, again! Mission complete. I hope we glorified God, humanity, our families and our terrific teams a @NASA and @csa_asc. Time to share the good news!

Welcome home Reid, Victor, Christina, and Jeremy! 🫶 The Artemis II astronauts have splashed down at 8:07pm ET (0007 UTC April 11), bringing their historic 10-day mission around the Moon to an end.

“Nobody wants to work anymore.” Wrong. People just do not want to: - Work 60 hours and still be broke - Miss their kids growing up - Get raises smaller than inflation - Save in a currency printed out of thin air - Answer emails on weekends - Get replaced the second margins get tight - Spend half their paycheck on rent - Need debt just to survive - Watch groceries, insurance, and housing go up faster than their income People do not hate work. They hate giving everything and getting nowhere.

THE SANDLOT was released 33 years ago today. The iconic Fourth of July night game was shot with real fireworks, turning the scene into a practical, one-of-a-kind moment where the kids were actually playing under a live show.

After high school, Yaxel Lendeborg was working in a warehouse with no plans for college. His mom wouldn't let him quit and forced him to keep going. Now, he’s a national champion.

WOW 🚨 Delta Dental is considered a nonprofit but the CEO skyrocketed her pay from $4.5 million per year all the way to $48 million over 4 years That’s $1 million dollars per month pay for one employee as a nonprofit “Delta Dental is considered a non-profit, and as such you can be their taxes online. So I got curious in their 2014 filing, the IRS requests for the organization's top accomplishments. Delta Dental reported that over 95% of claims electronic, online and paper were processed without any manual intervention. That means when your care is denied, there is less than 1 in 10 chance a human reviewed it — That same year, Delta dished out up to a 30% pay cut on the care that doctors deliver, and for a decade, they did not raise what they pay for your dental care by a single penny. Meanwhile, their CEO's salary skyrocketed. She went from 4.5 to $15 million a year. From 2014 to 2018, she made off with almost $48 million before leaving her position. That's a million dollars a month. Must be nice. And she's not even a clinician. She's a CPA. You don't have to be an accountant to do the math. Dr. Pay cuts stagnant reimbursements. They were never about saving patients money on premiums.”

LIVE: Watch with us as the Artemis II astronauts make their closest approach to the Moon, traveling farther from Earth than ever before. twitter.com/i/broadcasts/1…

To everyone celebrating Easter, Michelle and I wish you a joyful holiday filled with reminders of the enduring power of faith and hope.

Nobody really cares like you think they should or do.