This is Day 2 of what the press now regularly call “Herb Allen’s Summer Camp For Moguls.”
I’ve been thinking all day about the term “Shit Storm” (mostly because the all day panels about supply chain and how to lead in a crisis have been… shit.)
We say that term a lot in society but I’ve never really thought about it… literally.
Imagine you’re in a thunder storm – raining, thunder, lightning – but instead of rain… it’s SHIT that’s coming down on you from the sky and it just keeps coming. You are being pounded with shit.
This is what a SHIT STORM is.
And, I imagine, it’s not a pleasant experience.
That’s kind of where we are on Day 2 in Sun Valley.
This week in July on the mogul calendar is meant to be a week where we feel we are all so fucking important that we actually feel good about ourselves and what we have chosen to do with our lives.
The truth is, in Hollywood (as I mentioned in my drunken Day 1 commentary), the moguls in Hollywood are getting older and the moguls in tech seem to be getting younger (sounds like a Matthew McConaughey line from ‘Dazed & Confused’).
This is a problem.
And, as I mentioned last night, the young executives at Manka Bros. keep leaving for “better jobs” at “better companies.”
I have to stay to keep the lights on. We’ve been in business for over 100 years and we sure the fuck aren’t shutting down just because… [Manka Bros. lawyer note: “Rest of sentence has been purged from the blog.”]
My daughter, Connie (but on the Board of Directors), is only 14 and probably too young to take over the family firm and my CFO (currently my #2) Barb Gonzalez is a machine in which we use A.I. technology to do her job.
Hollywood is in trouble.
And to top it off, we can’t even make this a decent vacation – free from the worries of the shit storm outside of the shit storm. This was the breakfast this morning – which they called the “Warren Buffett.”
After breakfast, a few moguls ran, a few moguls road bikes, a few moguls played golf, many were walking fast past reporters acting like they were on the phone.
Oh, think twice, it’s just another day for you and me in mogul-dice.
What was lacking… was substance. And if you look at the Manka Bros. Film Library from the past 100 years – you would know Manka Bros. has always been about about substance.
The biggest problem with this conference I’ve seen over the years is that the Hollywood people hang out with Hollywood people, the nerds hang out with nerds, the dorks hang out with dorks. There doesn’t seem to be a brotherhood or sisterhood of billionaires. We’re all in different clubs.
Which brings me back to Trivia Night on Day 1. I teased that if nothing exciting happened on Day 2 – I would write about Day 1 trivia at Tha Drankin’ Hole.
It did not disappoint (on a shit storm scale):
Barry Diller thought the capital of Arkansas was “Bum Fuck.”
Mark Zuckerberg thought a quart of orange juice cost $50.
Rupert Murdoch thought the current Australian prime minister’s name was “my bitch.”
Jeffrey Katzenberg opined that the battle for freedom in America starts with the Malibu City Council.
On the plus side, almost everyone knew the latest Gulfstream was the Gulfstream 800.
But it all came down to one question and Peter Thiel could have won the whole thing for the “Tech” side when asked the question: “Who won the 2020 U.S. Presidential Election?” Thiel – without pause – said “Donald Trump.”
With that answer, Tech lost to “liberal” Hollywood.
Who knows what Day 3 will bring – but I promise you this, it will be another SHIT STORM.