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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 3: Talk about Adidas and Yea, We spoke about this a

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Speaker 3: couple of weeks ago or now. More information has come out,

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Speaker 3: so let's see. Appears that Adidas and Yea have reached

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Speaker 3: an agreement for the remaining to sell the remaining inventory

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Speaker 3: that they have of the Easy brand, which is five

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Speaker 3: hundred dollars five hundred million dollars worth of product and easies.

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Speaker 3: Is this a win for Kanye or will Adidas ultimately

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Speaker 3: be manipulated for this favor?

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Speaker 4: What do you think?

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Speaker 5: Because we were talking about this yesterday and you made

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Speaker 5: a great point. It's like, what if they stressed this

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Speaker 5: out for a three year period and say, hey, we

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Speaker 5: haven't sold the five hundred million dollars worth of inventory,

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Speaker 5: or if they discount it while he's under this contract.

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Speaker 6: Yeah.

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Speaker 3: The thing about corporate is that this is why people

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Speaker 3: do like internal audits because you don't really know, like

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Speaker 3: forensic auditing on your books and different things in that nature,

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Speaker 3: because you can make up things right and somebody say, okay,

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Speaker 3: like we're going to pay you for you know, a

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Speaker 3: million downloads on your podcast, and then like they're the

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Speaker 3: only ones that see your downloads the data. How do

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Speaker 3: you know if you're getting one hundred downloads or if

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Speaker 3: you getting ten million downloads. They're giving you reports to say, okay,

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Speaker 3: you have one point five million downloads this month.

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Speaker 6: I don't know.

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Speaker 3: That's really not I don't know, like you know what

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Speaker 3: I'm saying. So it's like if you're saying, Okay, we

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Speaker 3: got five hundred million dollars worth of product, which is

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Speaker 3: the equivalent to four hundred thousand items, right, I don't

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Speaker 3: know you have four hundred thousand items?

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Speaker 7: Creeping Dragon?

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Speaker 6: Where is it? A?

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Speaker 3: Is the warehouse in China? Is the warehouse in Wisconsin?

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Speaker 3: Is the warehouse in the Philippines? I don't know. You

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Speaker 3: sell you said, what if you sell that in one month?

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Speaker 3: And then it's like, well, we only sold fifty fifty thousand,

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Speaker 3: we got more and you're just making more sell it

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Speaker 3: because it's like this is going well, so let's just

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Speaker 3: keep going doing this for another two years. So I

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Speaker 3: think it's gonna be interesting.

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Speaker 6: I think it is.

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Speaker 3: Kanye I don't think really loses in this situation. I

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Speaker 3: do think that he should still do something independent if

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Speaker 3: he can, if he can get his head together and

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Speaker 3: really like focus on that. But I feel like he

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Speaker 3: doesn't really get hurt by this. Adidas they're gonna have

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Speaker 3: to do something explaining because they took a strong stance

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Speaker 3: on him and separating them and saying that they don't

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Speaker 3: condone hate speech.

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Speaker 6: And they have people that they got an answer to.

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Speaker 3: They got people that are going to be questioning, well,

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Speaker 3: you just reverse this.

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Speaker 6: Now you're going back.

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Speaker 3: So how do you explain working with somebody two months

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Speaker 3: later after you just say that you can't work with them.

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Speaker 3: This is why I say, it's only business. It's only business.

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Speaker 3: There is no morals when it comes to this. And

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Speaker 3: that's why when people try to put morals, it's not

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Speaker 3: about morals. It's about if you can make money or

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Speaker 3: if you can't make And Kanye started to hurt the

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Speaker 3: business too much when he was talking too much because

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Speaker 3: it wasn't a moral thing. Because if the moral thing,

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Speaker 3: then you would have cut him when he said a

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Speaker 3: thing about black peop slavery.

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Speaker 6: So that's not the reason why you did it.

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Speaker 3: You did it because some of the things that he

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Speaker 3: said started to hurt your bottom line. You should have

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Speaker 3: just said that, because now you look like it's a

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Speaker 3: crazy reverse when it hasn't even been six months. It's

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Speaker 3: been like three months. Like three months ago you said

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Speaker 3: this is over, we can't do it. I mean, did

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Speaker 3: you lose two billion dollars and you say it, okay,

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Speaker 3: let's think about this, and.

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Speaker 8: You start looking at four projections and you're saying to yourself, wait,

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Speaker 8: we lost two billion, but like we still had him

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Speaker 8: part of our calendar fiscal year for half the year.

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Speaker 5: What is it going to look like when we don't

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Speaker 5: have him for any nine billion right in two or

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Speaker 5: three years.

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Speaker 8: I think from from Kanye's standpoint, it's interesting because he

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Speaker 8: has so much leverage he doesn't have to do it.

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Speaker 8: But from a monetary standpoint, it makes sense if he

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Speaker 8: needs the money to do it. Because it's the first

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Speaker 8: time we had this conversation. Earlier, it was like for

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Speaker 8: so long, especially in our community and hip hop culture,

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Speaker 8: we couldn't quantify the impactac It's tough to quantify it, right,

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Speaker 8: Like we'll tell you like, yeah, with this much of

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Speaker 8: the consumer, but the people are buying it because they're

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Speaker 8: seeing us wear it, and so that you got to

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Speaker 8: take that into account. When you look at the bottom line,

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Speaker 8: it's like, yeah, whatever, Like Kanye was the first time

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Speaker 8: you were like, all right, you can see the cultural

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Speaker 8: impact and the financial impact come together. And then when

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Speaker 8: the financial impact was taken away, look at the bottom.

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Speaker 7: Line of your company.

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Speaker 4: Yeah, and I think it was.

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Speaker 8: And look at the bottom line for the rest of

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Speaker 8: the people on your company since that moment.

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Speaker 5: That's true while in a recession, while inflation is there,

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Speaker 5: spending is tighter. I think the Adidas executives made a

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Speaker 5: huge mistake that a lot of big corporations make. They

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Speaker 5: don't talk to the audience and don't know what the

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Speaker 5: audience really wants.

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Speaker 4: So like when you.

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Speaker 5: Took easy away from it, the shoes will really worth

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Speaker 5: like thirty bucks, Like no one wanted to wear them.

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Speaker 5: It was like wearing like Payless Nikes with the big

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Speaker 5: foosh on the side right like yeah, and without aim

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Speaker 5: being attached to it. So when you have that kind

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Speaker 5: of mistake and don't have an athlete in place or

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Speaker 5: any succession plan, yeah, that's a huge mistake. I thought

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Speaker 5: they They probably thought they can push them away and

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Speaker 5: capitalize on the inventory and then backfire. And the same

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Speaker 5: way what we saw going back to Apple when they

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Speaker 5: put Steve Jobs out and Skully rand Apple and it

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Speaker 5: was like, well, if we have a few good ideas,

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Speaker 5: the business will run well. But sometimes you have a

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Speaker 5: person that's so important to the brand ethos that you

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Speaker 5: can't detach them away.

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Speaker 6: But also it goes down to it's like Michael Joyan

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Speaker 6: and leaving Nike.

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Speaker 3: Yeah, right, Like at a certain point, it's danger when

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Speaker 3: one person has so much influence over a company.

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Speaker 6: That's not a good business model.

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Speaker 4: Well, it depends on how you structure to do.

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Speaker 3: No matter what, no matter how you structure to deal,

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Speaker 3: because God forbid, somebody can die, somebody can get sick.

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Speaker 3: You never want to have like there's nobody that even

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Speaker 3: in CEO included.

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Speaker 6: Disappears from Google and it's over.

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Speaker 3: Disappears from Apple and it's over, like Steve Jobs died

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Speaker 3: and Apple is still running. Right, It's like, it's that's

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Speaker 3: a dangerous business model when you have a star player approach.

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Speaker 4: To think even worse having no star.

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Speaker 3: Well, not necessarily, because it's a slow grind, right, Like

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Speaker 3: I would rather take this the no star approach and

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Speaker 3: slow grind it out.

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Speaker 9: This episode is brought to you by P and C Bank.

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fine nearly

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Speaker 1: one thousand dollars a day, imprisoned and deported, you will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump America's laws,

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Speaker 1: border and families.

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Speaker 2: Will be Protecting sponsored by the United States Department of

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Speaker 2: Homeland Security.

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Speaker 3: As long as I'm profitable, as long as I'm making money.

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Speaker 3: Because here's what happens with star players. You learn this

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Speaker 3: from sports, and you learn this from music. Record labels

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Speaker 3: and sports are very similar. When a player go through

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Speaker 3: the ranks, right, they're extremely humble and they're willing to

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Speaker 3: learn and their team player. At some point they start

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Speaker 3: to excel more than everybody else and they go from

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Speaker 3: being a team player and being a role player to

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Speaker 3: being a star player. When you become a star player,

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Speaker 3: you're treated as a start player. Then you start to

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Speaker 3: realize that you're a star player. Then at some point

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Speaker 3: in time, your actions start to change. So now you

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Speaker 3: have to deal with that start player differently. The coach

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Speaker 3: can't scream at Lebron. Lebron com missed.

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Speaker 4: It doesn't bring the value that Lebron does.

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Speaker 6: But listen, but Lebron con missed all Star practice.

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Speaker 3: Lebrono have to go like, these are things that you're

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Speaker 3: a four or did Michael Jordan could scream at a referee, right,

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Speaker 3: Tyrone Luke couldn't. So the problem with that is that

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Speaker 3: it's extremely difficult to deal with personalities like that.

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Speaker 4: That's true.

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Speaker 3: You don't realize that until you have to deal with

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Speaker 3: the personality most people could. You can't have sympathy for

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Speaker 3: somebody until you're in their shoes. If you're not a coach,

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Speaker 3: if you're not running a record label, if you're not

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Speaker 3: the CEO of a company that has to deal with

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Speaker 3: the nonsense, it's difficult to understand it.

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Speaker 5: There was very difficult for Cross two, and then when

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Speaker 5: he broke that team up. What is Jered Cross doing?

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Speaker 6: You know what? I'm just saying it's not But it's

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Speaker 6: not to say that.

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Speaker 3: It's not to say that star players aren't needed, because

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Speaker 3: of course they're beneficial. But at some point in time,

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Speaker 3: the headache becomes more than the talent.

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Speaker 6: The headache becomes more.

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Speaker 5: Than Can I give you an example where the inverse happened. Yes,

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Speaker 5: Tom Brady and Belichick, but now go this is me

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Speaker 5: Ian red Panda rebellion. Belichick was overrated as.

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Speaker 6: Coach, But at what point we.

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Speaker 4: Saw when Thomas left.

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Speaker 7: Er the fact that he hasn't won since Thomas.

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Speaker 5: And has had no If we want to talk about

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Speaker 5: cultural impact, boy, But here's the thing.

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Speaker 6: Here's the thing.

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Speaker 3: Coaches most of the time outlift players, but owners outlift

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Speaker 3: all of them.

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Speaker 4: Absolutely, that's a great bar set.

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Speaker 3: Of Again, coaches outlift players, owners outlive everybody. Here's the thing,

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Speaker 3: Patriots have never been the same since Tom Brady left.

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Speaker 3: Here's also a thing. Nobody is bigger than the system.

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Speaker 3: The Patriots still make billions of dollars every single year.

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Speaker 3: So who lost Robert Craft is always that's the purpose

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Speaker 3: of being an owner. Equity of average. He's still coaching, He's.

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Speaker 4: Still gonna be out of.

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Speaker 3: That, out of us bigger than the program.

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Speaker 8: That's what the running back to the Kanye thing like,

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Speaker 8: he's in a position where he can have the leverage.

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Speaker 8: Right So now if he even wanted to create something

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Speaker 8: or have equity, it's like, yo, I'm not I don't

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Speaker 8: want to do this deal.

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Speaker 7: I'm gonna watch y'all keep bleeding.

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Speaker 8: Because there is no saying like, how do I know

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Speaker 8: when you sell F one hundred million, you're gonna.

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Speaker 7: Stop saying it. We're gonna stop sales.

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Speaker 8: And say like, well, well we've reached out our mark

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Speaker 8: and thank you for the partnership and go on in

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Speaker 8: your way. There is no way to know, right, they're

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Speaker 8: probably holding it like, Yo, we're gonna sell it. They're

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Speaker 8: probably projecting like we're gonna do two billion in sales,

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Speaker 8: and he can't go back to Nike.

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Speaker 7: Yeah, And it's not like.

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Speaker 8: We're gonna be yo, Hey, we're gonna open the books

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Speaker 8: and show you. We're just gonna agree to these terms

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Speaker 8: and then we'll figure this thing out. There is no way.

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Speaker 8: But he has leverage. Now if he says, yo, I

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Speaker 8: don't want to agree to this, you know why. You

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Speaker 8: know why he doesn't have leverage in this scenario, goay

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Speaker 8: that money. That's what I said, can't go to war

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Speaker 8: less your money's right, That's what I said.

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Speaker 6: I said that.

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Speaker 8: I said if he needs it from a monetary standpoint

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Speaker 8: right now, he may say like, I'm comfortable living in

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Speaker 8: my backpack with forty million, right.

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Speaker 7: He might be comfortable doing that.

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Speaker 8: Or he might say, like, Yo, my ego knows that

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Speaker 8: I'm I'm worth ten billion, and if I ordered me

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Speaker 8: to get back there, I gotta get this capital to

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Speaker 8: build what I really want. And that might be something

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Speaker 8: he could do too, right, But it's just about where

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Speaker 8: where you're at with it, because he might be like,

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Speaker 8: remember it, for like two months, he was just I'm

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Speaker 8: living at my book back and you rarely see him

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Speaker 8: at the additional hotel in LA and he's in the lobby,

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Speaker 8: and I.

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Speaker 4: Think he knew the downfall was coming in he felt it. Yeaheah.

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Speaker 7: But if he comfortable in this space now, I don't.

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Speaker 4: Know, that's a hard fault. No, we're gonna be real.

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Speaker 7: No, I don't know. I don't know. He's a different

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Speaker 7: type of do. I don't know.

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Speaker 5: Good lesson if you have something good, don't ruin it,

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Speaker 5: whether that's the executive, star player, coach or read your paperwork. True,

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Speaker 5: because we don't even know, we don't know what the

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Speaker 5: percentage of the say to say a five hundred million.

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Speaker 4: He's not going to get a hundred million dollars out

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Speaker 4: of this deal.

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Speaker 7: No, you're not.

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Speaker 6: And once again, nobody's bigger than the program.

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Speaker 7: Never.

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Speaker 3: I understand when you understand that you'll go far in life.

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Speaker 3: When you don't understand that, you'll have trouble.

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Speaker 5: If that's true, Adidas wouldn't wouldn't have got went back

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Speaker 5: to reconcile what they did wrong to get him. They

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Speaker 5: would have been able to run the program without them.

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Speaker 7: That's short term.

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Speaker 8: That's short term, right, long term is going to exist

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Speaker 8: twenty years probably after this.

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Speaker 7: Well we'll see, right, But the thing is, yeah, it's

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Speaker 7: the same game plan. Right.

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Speaker 8: Nike knows at some point Jordan is going to stop

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Speaker 8: playing basketball. So what they do They create Team Jordan.

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Speaker 7: Right. That wasn't successful. Nobody even nobody even thinks about that.

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Speaker 8: When Eddie Jones and Ray Allen were doing Jumpman, nobody

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Speaker 8: was jump in. They needed to bring back the retros

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Speaker 8: of the guy who made the money. But while they're

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Speaker 8: doing that, they're looking for the next talent. Oh there's

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Speaker 8: this guy from La Oh, we got to get him.

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Speaker 8: Oh this is kid from Acron, We definitely have to

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Speaker 8: get him.

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Speaker 5: And they also Nike also used Kanye and don ce

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Speaker 5: and their cultural influence for no equity to make.

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Speaker 7: The retros pop. This is also true.

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Speaker 5: I remember when don Cee was the first one, don

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Speaker 5: Cee and killing retros, retros back. That's a fact. Negotiate

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Speaker 5: from the very beginning, so you don't get screwed over

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Speaker 5: because there's no lower team business, only what the PaperWorks.

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Speaker 4: As.

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Speaker 10: There you have it, my graduates from my school being

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Speaker 10: forced back drops.

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fine nearly

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Speaker 1: one thousand dollars a day, imprisoned and deported, you will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security,