Jordi Hays

It was that every night the hotel would walk around and they would leave a warm chocolate chip cookie and milk for each guest.

And private equity bought the hotel, which only had like something like 20 something keys.

And they immediately removed the free chocolate chip cookie with milk at night thing.

And I just so such a funny thing to like take out, but is exactly the kind of thing when you met you transitioning from, you know, this like founder led, you know, family operated business to investor owned.

Yeah, and you can justify it.

You can justify it because, well, the cookie's still on the menu, so people want the cookie.

We looked at the data.

A lot of people don't even eat the cookie, right?

So it doesn't matter, of course.

What do you think are some of the most underappreciated companies in history that you feel like had mission primacy?

They wanted to call it the Eric PBC, but you said... And I had to talk them out.

I want to talk about... I think one interesting thing is if we move to buy annual reporting, there's going to be a lot of work.

Accountants, lawyers are going to have less work, but you're creating a new structure.

These complicated structures, they can just shift their attention to working on mission-aligned companies.

No, no, I'm sort of joking, but at the same time, I think it would be a much better use of their time.

uh yeah i i would i would say it's not that it could never work it would just be extremely hard to reproduce like i think if you got a really talented group of people and you tried to rebuild something like this even knowing all of the mistakes and challenges that this last one had it would still be very difficult and probably end in failure but

Do you think that AI will force companies where it was otherwise maybe too late to maybe over time massively rework any of their corporate structures?

I mean, the example I'm thinking of that is notable recently is

Samsung had 48,000 workers basically say, give us a much greater share of AI-driven profits, or we're not going to work anymore, and started a pretty big negotiation.

I could see over time that happening at more companies, specifically ones that are