Grubstakers - Episode 87: Henry Nicholas

Episode Date: August 7, 2019

This week we cover the raspberry pi billionaire who has been convicted of too much partying. Building a sex dungeon in his house unbeknownst to his wife and making a profit by being in the right place at the right time as a computer chip manufacturer. All that and more right here on Grubstakers.

First they think you're crazy, then they fight you, and then all of a sudden you change the world. Berlusconi flatly denies that any mafia money helped him begin a start to this. I have always had a thing for black people. I like black people. These stories are funnier than the jokes you can tell. I said, what the fuck is a brain scientist? I was like, that's not a real job. Tell me the truth. But anyway. In 5, 4, 3, 2, 1. Hello, welcome back to Grubstakers, the only podcast about billionaires. My name is Sean P. McCarthy, and I'm joined here by...

Yogi Poyl. Andy Palmer. And I guess what I wanted to start with today for this week's episode is a theme of this podcast that we've been doing for a year and a half or however long it's been. A theme has been comparing media and fictional portrayals of billionaires to what they actually do in real life right so just to give you an example you know bruce wayne batman fictional billionaire who builds a giant who uses a bunch of his fortune to build a giant you know bat cave underground that he uses to fight crime right well there is a real life equivalent of of that. Oh, really?

Yeah, and that's the billionaire we're talking about this week. His name is Henry Nicholas III. And so he spent $30 million of his fortune building a secret underground lair where he did drugs and banged prostitutes without his wife knowing. He had to build a lair for this? He couldn't just go to a hotel room? Yes, because he was married.

And so you want to build a lair for this? He couldn't just go to a hotel room? Yes, because he was married. And so you want to have a lair so that you can leave your wife and go down to your bat lair. It's very sad how a person being married is really what stops them from their ultimate domain of craziness. Well, you know, it's inconvenient because if you're gone from the house, if you're booking a plane ticket, your wife could figure it out but if you're just like hey i'll be in the basement doing work and then that's where all the fucking ecstasy and the prostitutes are that he was flying into this lair i mean i gotta say you know that's a solid way to do it i mean outside the fact that he got caught what else are you gonna do in an underground la? What did it look like when the prostitutes weren't there? Did it just look like an office?

Well, there is a description of it in Vanity Fair. If you want me to read you... That's just a direct quote from Great Gatsby when he doesn't clean the place and it's all dusty and stuff. So do a little theater of your mind and imagine what a 30 million underground fuck lair looks like. Also put yourself in the shoes of his wife. Right, right. of your mind and imagine what a 30 million underground fuck layer looks like also put yourself in the shoes of his wife right right who's just looking over this thing and being like

yeah i'm sure he's doing work for his company in here right i'm just imagining his wife in the kitchen noticing the ground shaking being like is that an earthquake what's going on that conversation started like this so hun i think we should have a pool and i might be like, is that an earthquake? What's going on? That conversation started like this. So, hun, I think we should have a pool. And I might be digging a little bit more, but it's just so we can have a nice pool in the backyard. Also, just to set the table real quick, this is a guy who got rich making computer chips, and we'll get back to that.

And also, he created the company that manufactures Raspberry Pis, the little toy computer toy computer so yeah okay going back to the dungeon here uh so this is from vanity fair this is an actual description uh and it begins like this imagine if you will a secret warren of rooms filled with any amenity you could ask for from top of the line sound equipment to a jacuzzi decorated in an extravagant style that could be described as a harem fantasy gone wild. The ceilings are over 12 feet high. One room has a central column covered in 24-carat gold leaf.

A series of large buttresses, also covered in gold, radiate from the central column, which in turn is surrounded by seating for 10. Fabulous materials and artifacts cover every square inch, brocade from Spain, lustrous red velvets, arches carved in India, statues of Buddha and Shiva. Very insulting to you, Yogi. Persian rugs.

One person who worked on the space is almost at a loss for words when asked to describe it. It was so over the top, you have never seen anything like it. So did his wife, did he just tell his wife, like, yeah, I'm gonna go downstairs and dictate some important work things to the uh to the very tightly dressed teenagers that just came in i'm gonna i'm gonna go downstairs and uh clean things for two weeks so uh well yeah and so it is just something where it's like in my opinion and i

think we've established this pretty well on this podcast anyone who's like hoarding one billion dollars for themselves knowing that all the uh poverty and uh starvation and destitution homelessness and all these things there are in the world right they're not going to use that money in an altruistic way they're gonna build fuck dens or they're going to like hire children to do whatever Epstein did. And just the reality is that we as the general public will only ever know the smallest sliver of what these billionaires are actually doing with their money because, you know, they have the resources to keep it quiet and protect themselves. OK, Sean. Well, let's say you created a million jobs. Mm-hmm.

Are you saying that you shouldn't be allowed to build a fuck den? That is a good question. If he wasn't married, outside of the drugs and illegal crime of prostitution, is anything he's doing wrong, Sean? Yeah, I think that's what Steinbeck said, is every American doesn't support socialism because they view themselves as a temporarily inconvenienced fucked-in owner.

Sean, why is it that any time one of our billionaires does something vaguely Eastern or Indian, I should be personally offended? You don't say me being like, Sean, this billionaire drank Irish whiskey. I've got a real detriment to your people. According to someone else, he called his fucked-in the Ganesh room, which, you know, Yogi was telling me

I didn't know is the Indian elephant god, right? God of what? Fuck dens. I'm not sure what he's the god of. I'd look it up. God damn it, Yogi. This is your religion. Okay. First of all, Andy, do you

know everything about your lord and savior Jesus Christ? Yes. What's his middle name? H. Got you there. Yeah, I don't know why he called it Ganesh room. It could be linked to something actually valid, or it could just be a billionaire liking to say the word Ganesh and convincing people that it's somehow more spiritual than it really is. You think he fucked an elephant in there?

Could you? I mean, 12 feet to high ceilings, you could. Sean, do you think he could have fucked an elephant in there? I didn't ask if he could have. I asked if he did. They had to shut it down when Hannibal brought the elephants into the fuck den. But it is just something where it's like, you know, again, you look

at all these billionaires being referred to as a, quote, philanthropist. And we'll kind of get into Henry Nicholas's philanthropy. But, you know, again, like you compare, say, fictional Bruce Wayne to Tony Stark, you know, Iron Man. And it's like if there was a billionaire who built an Iron Man suit, he would just use it to incinerate homeless people in his driveway. There are several people making Iron Man type suits. would just use it to incinerate homeless people in his driveway. There are several people making Iron Man type suits. You see them on YouTube constantly. They're still not there yet,

but very soon, you know how we're seeing a whole bunch of white kids with enough money and emotional problems to afford AK-47s, among other guns, to kill people?

It's the same thing, but people that can build super suits. If they don't have good social skills, you'll see horrible atrocities committed with those coming to a neighborhood near you. I like the Frenchman who built that Green Goblin rocket thing and tried to cross the English Channel

and just crashed. Oh, really? Yeah. Someone else did it recently and was able to get over it. Oh. But it wasn't the Green Goblin looking dude, it was someone it. But it wasn't the Green Goblin looking dude. It was someone else. Oh, I just meant the Green Goblin looking. The suit. Yeah.

Oh, okay. There was a guy that did it recently and he had like a hover pad thing. But that's similar. No, yeah, that's what I was saying. Yeah. He crashed. He didn't hit. He had to go to a refueling floaty and he missed it.

What a weak bitch. Yeah. The sharks were like, this person tastes terrible. I didn't know there was so much steel in human meat. What is this, pumpkin? But so,

just a couple other things before we move on to the general biography of Henry Nicholas III. How'd this guy get caught? Me two times up? Or what happened? So this is what we're kind of going through here. First off, we should be noted, this fuck den, he would also have parties there as well as above ground, but he also did it to avoid noise complaints from the neighbors. Sure, sure.

He would have parties in the fuck den. And from this Vanity Fair profile, there was just one rule for those who came to party. Everyone eats butt. Quote, you couldn't leave before Nicholas did. Oh, really? Which I think is very inconvenient. Like, he's a billionaire. He doesn't have to go to work in the morning.

Right, right, right. You know, I probably got to fucking call it a night at the fuck den at 6 a.m. Punch in for my shift. Upstairs, binge watching Downton Abbey this whole time. How did he hide this from her? Well, eventually he gets caught. but it's not by her it's not her opening a door and being like nicholas no event he managed to keep this going for about four years oh so like yeah so days of our lives how many shows did she have

she ran out of prestige television they must have had all the shows available. I mean, they got Showtime, they got HBO, they got Hulu and Netflix and Amazon Prime. There's a lot of content out there. Yeah, so like, I mean... Actually, about four years worth. I guess he built like... So his thing was like Ethernet plug.

So he just like made the whole house as internet compatible as possible and as like reliable as possible the internet would never go down and she would always be entertained while he was having his ecstasy orgies i mean was he successful in these orgies where was he throwing down a whole bunch of parties or was it like a low-key type of thing there's like according to the vanity fair profile he threw i'm not sure if it was birth his birthday party or some sort of party where he bragged to attendees about how he was dating nine different women at the party but they didn't know it so i mean like it was something where essentially uh this this vanity fair profile um what's it called imagine the balls of that

i'm dating nine women at this party and they all don't know that i'm dating them also they're all here right now yeah well so anyways the the point was um the this vanity fair long piece came out in 2008 it's called dr nicholas and mr hyde and i recommend it it's pretty fascinating but the basic story is like according to people who know him so uh to give you the cliff notes ahead and then we'll kind of go a little bit more into detail later uh broadcom is this chip maker that does an ipo right in the middle of the dot-com boom in 1998 so people say after 1998 he just totally changed because he became an overnight billionaire sure so he started building his fuck den and then in 1998 and from 98 or 99 to

around 2002 is when his wife catches him in the fuck den. So he keeps this going for a good four years and then gets divorced and then his life gets even more sad. You said after 98 is when he starts it and then around 2000 Yes. Because essentially

This has got to be Y2K prepping. That's how he got away with it no no no hon trust me y2k is going to be crazy big we're going to need a dungeon it's getting 12 feet ceilings like okay i just you know i'm just gonna be watching friends upstairs yeah i trust me you watch friends all you want i really need to focus on this downstairs uh bunker for y2k is there is there any evidence that he heavily invested in the DVD box set? But so basically, with Henry Nicholas III, and again, we'll kind of circle back to the beginning in a minute here, but there are a few things I want to get through up top that are notable.

So because of his fuck den and because they were doing some shady stock manipulations, he is charged by the government with illegally backdating stock options in 2009. We'll kind of get back to that. And he's also charged with drug charges because his ecstasy, methamphetamine, cocaine empire is at a pretty staggering scale. Oh, really? But essentially, the stock options backdating charges

are dropped due to prosecutorial misconduct, and the drug charges are later dropped. But it should be noted that around that time, federal prosecutors said he should be denied bail due to his propensity for witness intimidation. Apparently, he has said he could quote have people killed um and uh also the fact that he had a personal army uh he had his personal security requires that three armed guards patrol his home at all times and they're mostly like navy seals and uh former police and military you can afford the best one you can afford anything yeah but so basically he gets out of jail uh from this or he avoids jail 2008 2009 but then august 2018 he was caught in a nevada hotel a las vegas hotel room uh with ashley fargo this is current girlfriend this is august 2018 flash forward his current girlfriend is the ex-wife

of the wells fargo heir oh and i And I'm just reading from Nevada Current here. And they're caught in this hotel room. And as I read this, please just imagine Vince McMahon getting more excited. Were they scamming some kids out of marching band instruments? Using a wagon? So police found, again, Vince McMahon getting more excited. Police found 96 grams of methamphetamine, 4.24 grams of heroin,

15.13 grams of cocaine, and 17.1 grams of psilocybin mushrooms. Wow. And under Nevada law, this is a Class B felony, which happens to require a minimum imprisonment in state prison for a minimum two years, maximum not more than 20 years.

As of two days ago, he will not be doing anywhere between two and 20 years in prison. Good behavior? Yeah. So the Clark County District Attorney. He didn't like stuff in jail but they're like we just assume good behavior so the clark county district attorney is a guy named steve wolfson um he just cut this deal with him that was announced two days ago they're going to plead at august 26th and it just so happens that this clark county district attorney steve wolf wolfson appeared

in several campaign ads supporting Marcy's law, which just so happens to be a crime victims' rights law that Henry Nicholas has been pushing. So essentially, Henry Nicholas has his so-called philanthropic activities is supporting this law that prosecutors happen to love, for reasons we'll get into uh that this prosecutor appeared in in television advertisements for um so basically what's going to happen is uh hey man you everyone needs a commercial if you want to make it in this business that's right that's right so according to the you can't make it without marketing yourself sean yeah according to the nevada current rather than attend drug court, which requires intensive

treatment and drug testing, the deal calls for the two of them to participate in two drug counseling sessions a month, perform 250 hours of community service over one year, and pay $500,000 each to a drug treatment facility. And then, this is important, failure to comply will result in a finally in a finding of of guilt on one count of possession and a probationary charge meaning the two will avoid prison regardless of their compliance wow so even if they just ignore this like sweetheart plea deal there's no chance they can go to prison and it's just something where um you know obviously we we don't support draconian drug laws on this podcast.

I do. I think they're pretty funny. We follow the Thailand model of socialism, which is, of course, hanging people for bringing drugs. It's crazy how lenient the courts are with billionaires that I do want to hear it. Part of me goes, well, if it was like that for everyone, I wouldn't be so mad. Yeah. Yeah. Like drug possession,

it sounds like they were having a good time. And if you weren't a billionaire, it'd be like, yeah, party on, bro. When I said that thing about we don't support draconian drug laws, our guest, Philippines president, Duarte, walked out in fury. I just feel like you know anytime

a non-billionaire has that amount of drugs and it's not intent to sell part of me is like well whatever your life is it's justifying whatever you're trying to do right now but with this guy what is he so is he divorced from that wife when he has his girlfriend yeah he got divorced from his wife in 2006 so he's not even doing guilt drugs. He's just doing fun party drugs. Come on. Right. This guy should go to prison for much longer. What if he did intend to sell just like small level street dealing?

My ex-wife was really into this show Breaking Bad. It's like... I got hooked. You know, I watched The Wire and I was like, I bet I could be pretty good at working the corner. I mean, if you had no risk uh liability to dealing drugs wouldn't you try it out try to work the corner yeah i don't i don't think the law is the biggest danger when you're selling drugs on the corner well i mean no risk

though no liability like you would get away with it regardless you wouldn't think that's not the real experience then that's true that's that's that's uh but billionaires pay for a fake experience fantasy camp this is just a safari to them they just want to experience what it's like to be in the wild without actually being in the wild it's true but it is interesting i mean it's like essentially the point is the written law like we we have you know let's say conservative or even liberal people who worship this concept of the written law. And it's a good idea. You know, Code of Harambe. Code of Harambe. God damn it.

Get the dick out of your mouth. The Code of Hammurabi, right? Nobody correct me. The point is. Hammurabi. Yeah. The point is, you know, we worship the written law and we say this is, you know, the height of all civilization.

But it's not really worth that. Ticks out for Hammurabi. Ticks out for the coat of Hammurabi. A dick out for a dick out. You take your dick out, I'll take my dick out. The coat of Harambe laid down the specific circumstances under which you may take your dick out. Before that, there was no codified system in which you could take your dick out. Before that, there was no codified system

in which you could take your dick out. It certainly wasn't written down. No, no. It was in sign language at one point. The point is, you know, we worship this, and it's like, yeah, sure, it's a good thing, but it doesn't fucking matter if the state is only going to enforce it selectively.

Yeah, of course. Which we see again and again. So you have this written law that says hey two years mandatory minimum if you get caught with 100 grams of this shit but if you're a billionaire it doesn't fucking matter and you know we see that again with you know wall street uh mortgage foreclosure fraud and all this other countless examples you could go through and i I think the actual implementation of it is in the hands of ideologically, like a small group of ideologically motivated people who serve life terms. Right. Or just the district attorney who appears in ads with this guy.

Like even if you wasn't already favorably disposed to him or wasn't already intimidated by his defense attorneys and their high prices, he's just like, hey, I actually fucking got a check to appear in this guy's ad that makes my job easier. But guys, if we make it harder for rich people to commit crimes, when I'm more rich, how can I commit the same crimes? And even more the hypocritical thing, and then I'll just do this and then we'll go through his biography but even more the hypocritical thing when it comes to Henry Nicholas III is he's been a big backer of what we kind of alluded to here is a proposal called Marcy's Law and the ACLU has written about the dangers of Marcy's Law. Marcy's Law has been adopted by ballot measure in five different states I believe and so essentially Marcy's Law. There's a law that got Jay-Z to build the Barclays Center.

Yes. Marcy's Law purports to represent victims' rights. And they will run these TV ads that are very persuasive because they'll interview people who say like, my brother, my sister, whoever was murdered. And it's very sad. And they'll say victims have certain rights. But the problem is, and the ACLU article lays this out pretty well, is the rights of the accused exist to protect people from the state. Because the rights of the accused are the state is saying, we're going to put you in a cage for fucking ever or however long it may be and you have certain rights to establish your innocence

that we can't you know trip you up and frame an innocent person or at least it's supposed to be as hard as possible to do that so marcy's law among other things according to the aclu gives victims the rights to restitution to reasonable protection and to quote refuse depositions and discovery requests all of which are enforced against the defendant i mean you're saying this now but put yourself in the position of someone who happens to live next door to an undesirable minority and you're the victim of them polluting your people's gene pool yeah i mean that's how i feel about the other hosts on this podcast what What do I do? Deaf camps.

But it's like, you know, the point is the victims or supposed victims, if this is an innocent person we're dealing with, now have the right in these five states to refuse depositions and discovery requests. So that just makes the defense attorney's job that much harder, which is why prosecutors love this shit. You know, and just according to the ACLU, Marcy's law includes a constitutional right to privacy for victims, yet it doesn't expand on what that actually means. So ACLU asks, would it prevent the release of names or crime report? Would it reduce the amount of information that press outlets are allowed to provide the public regarding these crimes?

It's just, there's a lot of, you know, messy loose ends in this law that end up being counterproductive, particularly on the deposition and discovery front that I do think will result in more innocent people going to prison and also just people. And also just at the end of the day, we do have a mass incarceration problem in this country. And it's not entirely clear to me that, say, putting somebody in prison for 40 years as opposed to putting them in prison for 20 or 25 years makes any goddamn difference, you know? I mean... Yeah, I mean, the only difference it makes is the amount of free

labor that the privatized prisons are going to get out of the individual. Like, that's literally the only thing, right? I mean, outside of the impact that individual would have outside the prison whether it be positive or negative it's just about how much free labor you can get out of a citizen i mean seriously do you want your victoria's secret to get more expensive oh that's a good point you know what's interesting i learned this when a friend of mine worked at victoria's secrets most uh mannequins cost like not too much a couple hundred dollars or something the victoria's secret mannequins cost like a couple of grand because they have nipples. Isn't that weird?

The nipples cost extra money? The nipples cost extra money. But now, like, even the cheap stores where I live, all their mannequins have nipples. I mean, they might be getting a cheaper stock from Victoria's Secret X a amount of years ago. But comparatively... They cost extra because

Jeffrey Epstein made them pay the guy to model it after a 14-year-old. Yes, that's exactly why, Sean. That's the research that my friend told me about. Why can't you just like put a little lump of silly putty on the boob? Make an impromptu nipple. You ever try and make an impromptu

nipple, Andy? By the way, guys, Andy is a virgin. That's what nipples are like silly putty right i don't know put up a little wad of paper under uh um packaging tape you got a nipple for your mannequin i mean like you know as ludicrous as it does sound you are right it would be cheaper to make a fake nipple than to spend money on but then again you know andy andy leaves the podcast to make a fake nipple than to spend money on. But then again, you know. Andy leaves the podcast to start a multi-billion dollar sex robot startup. No, it's. He got the nipple so perfectly.

No, what I'm going to do is I'm going to undercut whoever these fraudsters are that are making Victoria's Secret nipples by just offering a discount service. You know, instead of paying like an extra $2,000 for a mannequin with nipples. Right. You pay me just one thousand dollars and all per mannequin and i'll put nipples on all your mannequins i just love that palmer's like business strategy at the moment is like you know i'm just gonna go to stores that got mannequins without their nipples and i'm gonna go hey y'all want mannequins with nipples i'm'm your guy. How am I going to get them? You don't need to know. So Andy ends up a level three sex offender.

No, I need to see your nipples for research. I'm building a mannequin. Andy's on the podcast like, look, I didn't know that Victoria's Secret was next to a school district, so the prosecutors put some extra charges on me. The real plan is to eventually model them after my own nipples and have them take over the mannequins and put my personality into the mannequins and build an army from them each one with a different variation of

my soul wait a second i've heard this before uh but so i guess the last thing is that as far as henry nicholas goes and let's say his hypocrisy on this particular charge uh according to vanity fair one of his biggest political battles was in the fall of 2004 when california was about to pass a law known as prop 66 which would have limited the state's three strikes rule you might be familiar with that in american justice is that if you have two violent felonies, you get a third felony, you are sentenced to life in prison, which is, you know, extremely punitive, especially because, you know, so much of our prison overpopulation is a result of these kinds of three strike offenses where I don't think it makes society any better to just just kill somebody, essentially put them in prison for the rest of their life.

I like that it's a law that refers to baseball. Now, my problem with making the three strikes law even more restricted is it's going to be an even more pitcher-dominated criminal justice system. And it's boring enough as it is. I want to see people on bases it just to me feels like you know such an archaic way to look at fucking the law you know like at no point are they going to be like well this is the 10 yard rule and over here we got the uh traveling rule you know it's like to put law terms in sports terms just seems so idiotic. And honestly, harkens back to an era when they were like, hmm, we gotta name something with three of them.

Three strikes, why not? You know, like they had one frame of reference. Yeah, the three strikes law is famous for giving people the death penalty for bat flipping. So according to Vanity Fair, this Prop 66 was supposed to kind of roll back three strikes and make it less punitive. The measure looked like it was going to pass until Nicholas got invited, involved with a prosecutor who was a guy named Steve Ibsen,

a veteran prosecutor who was trying to thwart Prop 66. So Nicholas paid some $3 million to put together two radio ads. They sent a plane to Oakland to get California, former California Governor Jerry Brown to record one of these radio ads. And the ballot issue, which was supposed to pass by a considerable margin, didn't. The truth is he did it, says Ibsen about Nicholas. So essentially he spent three million of his own money keeping people in prison. Well, he's walking free today

because he has that kind of money. And that's the end of the day. Oh, and last thing from the Vanity Fair on this. Among other awards, Nicholas has received the Ronald Reagan Award for pioneering achievement in criminal justice. Who else got that award? Do you know?

Ronald Reagan. Okay. The Contras. Okay. All right. Everybody's selling crack in the 80s for the CIA. Didn't expect that. Oh, okay.

Yeah, that makes sense. But yeah, you have to do a lot of damage to the black community to get that award. Jay-Z became the first black man to win that award. But I guess... What's better than one Ronald Reagan? What is it called? The Ronald Reagan Award for Pioneering Achievement in Criminal Justice.

What's better than one of those? Two. Two. The guy who invented the current cocktail used in lethal injections also got it um but so to go back and start from the beginning uh so he's it should be noted henry nicholas the third according to forbes as of august 2019 worth about 3.8 billion dollars so he co-founded broadcom in 1991 he retired in 2003 but to go all the way back to the beginning he's born 1959

in Cincinnati, Ohio sorry just give me a second I'll tell you what he's not spending that money on convincing hair dye yeah this dude is a real he's got like John McAfee levels of unconvincing

just for men he's got one of those leather faces where it's like yo you've been in the sun too long or not enough yeah see he does look like shit but he actually looks pretty good for supporting a 3.8 billion dollar drug habit i mean like when you consider the amount of fucking blow this guy has done he's actually quite quite fit and healthy he doesn't have mick jagger face yet but so according to this vanity fair profile we've mentioned here and this is my primary source for this episode uh he was born nick henry nicholas the third was born in 1959 in cincinnati ohio his father was an irs attorney who struggled with alcohol problems that's henry nicholas the

second yeah uh he uh. Nicholas told the LA Times that his father was, quote, fairly abusive to his mother. And basically his mother, they separated when he was four years old and his mother took him to Santa Monica, California. So he left there. And basically she

later remarried to a guy named Robert Leach, who was a screenwriter and teacher who wrote some scripts for the TV show Perry Mason, among other things. There's a weird anecdote. Wait, she married a screenwriter, presumably around the 70s? In the 67. 67. Yes.

And the kid they raised grew up to do a lot of coke? Yeah, that does add up, Andy. That's a good point. Yeah. Wait a second second are you saying show biz plus money plus time equals drugs no oh okay according to this uh when they were when he was first introduced to his uh future stepfather he told his mom quote mom he knows my name in a very excited fashion so that's that's in the article yes the soft big very excited fashion. So that's this. That's in the article? Yes. The soft bigotry of low expectations.

Damn, that's disappointing. You know, once I was in a falafel joint, and I put my trash in the thing. It was one of those flap-down doors for the trash. And I held it open for the lady behind me, also throwing out her trash. And she just went, thank you so, so much. And me and my friend were like, lady, i just held the trash can open for you like what to have a terrible life for you living where common courtesy in throwing away your fucking falafel leftovers is making you have this much of an emotional response maybe she was just racist and thought you worked there yeah that's a fair point um but so in 1977 he graduated from santa monica high school

uh he apparently participated in the strategy and tactics club we make the the teaser snippet for the paul mccartney episode sean being racist towards yogi we get a bunch of like new patrons and sean's like i figured it out i'm gonna be as racist towards yogi as i possibly can we're gonna be swimming in cash people are like no it wasn't really the nick muller the matt chrisman episode we just liked it when they told us we could wokely be racist to an indian guy i mean that that Indian guy knows that he's better than both of you, then I think it's fine. I don't see the issue with it.

So, Nicholas, he went by Nick when he was younger. He participated in the Strategy and Tactics Club at high school, as well as debate. He was an outstanding student. Strategy and Tactics Club. Yeah. What is that? War? War? War shit? Or like, what. Strategy and Tactics Club. Yeah. What is that? War? War shit?

Or like what is Strategy and Tactics? Well, they had to close it down after an unfortunate incident at the Columbine branch of the Strategy and Tactics Club in 1999. No, but really, do we not know what this is? It's just like a group that strategizes? Yeah, it's probably they play like Stratego and chess. Yeah, war games and shit. Like they're not as cool as the people in the chess club right they're not playing chess

competitively they're just studying the strategies to play chess yeah they suck at chess but they want to look better than the chess club right right right that's why you got to build a sex den because you're overcompensating for getting bullied by the chess club i will say that the is his dad abusing his mother? Yeah. Uh, the only time he deals with abuse in his life or is, are there any other moments of bullying?

Uh, I think. Cause there is a through line of bullying with all the billionaires we've covered. And we'll kind of get to, he's pretty abusive to his workforce. Okay. So he becomes the first Silicon Valley billionaire to do that.

Gotcha. He is a trendsetter. Uh, so he was a great student. He went on to the U.S. Air Force Academy, but he told people he dropped out after three years because he was too tall to be a fighter pilot. Aw. He got a BS in electrical engineering, UCLA, in 1982,

and his master's in 1985. But I guess it should be noted here, while he was at UCLA in 1983, his sister is shot and killed by her ex-boyfriend who stalked her. And this is kind of like his rationale for pushing these Marcy laws and stuff, is, you know, this kind of victim's rights stuff, which, again, there's nothing inherently wrong with the idea of victim's rights, it's just when it actually comes into straight-up conflict with the presumption of innocence

for people who are accused and facing, you know, absolute hell inside the carceral state we've set up here. Us personally. Yes. Oh, his sister was named Marcele. Is that why they're Marcele's? Yeah, something like that. Oh, yeah, his sister Marcele. Yeah, Marcella.

Yeah. You don't see a lot of Marcellas these days. It's kind of an old name these days. I just met like several Marcellas at once. Were you at a Puerto Rican day parade? He was talking to the Victoria's Secret mannequins. Where were you? Were you in a whole bunch of Marcellas?

Oh, it was just like through my girlfriend. Oh. She's Hispanic. I guess. Yeah. That adds up. Yeah. I met a whole bunch of Marcellas when my girlfriend brought me to this

underground dungeon. She had set up below our apartment. Yeah. So Henry Nicholas meets a guy named Henry Samuel, Samueli in early 1985, 1986. They're both working at a defense contractor called TRW. And Henry Samueli will become the co-founder of Broadcom, basically, because they're working at this defense contractor. Then they go on to work at some other company.

In 1988, Samueli starts to work for a, uh, startup called pair gain. Uh, he brings Nicholas along, but, uh, Nicholas gets fired after it's found out that he'd started comp. He started cultivating his own business interests on company time. Basically he's like in 88, 89, he's trying to set up his own business on the other. Oh, and we should mention at this defense contractor, TRW, he meets his wife, Stacy, Stacy Feller. She was also an electrical engineer there. You're talking about the billionaire recovering currently or the other guy? Oh yeah. Yeah. Sorry. Henry Nicholas at TRW meets his wife.

They're married in 1987 they have three children and they would later divorce because of uh aforementioned sex dungeon so she went down to his sex she also uh an electrical engineer she goes down into his uh work den yep his sex dungeon and goes oh yes this looks like where we work. Us electrical engineers. Yes, this Ganesh room that has gold and jacuzzis among many other paraphernalia that I can't describe at this time. And candy dishes full of pills. His super petty electrical engineer wife walks into the sex dungeon and then starts reporting all the code violations.

His wiring's loose. Um, yeah. Oh, and then I was thinking about him getting down on one knee and falling into the sex dungeon. Uh, but so regardless,

you know, they're married 87, they have three children. And, um, so, uh, Samueli henry samueli and henry nicholas the third are working at this company together but then uh they both leave to

to become professors at ucla uh this is late 80s early 90s but then in 1991 they co-found baseband technology it will later become called broadband but broadcom yeah broadcom excuse me but baseband and it started with each of them investing about five thousand dollars and they work out of uh nicholas's uh redondo beach condominium uh and nicholas was essentially the ceo while samuel uh samueli was the chief technology officer. So it was mainly he was doing the tech, and Nicholas was more on the business side. But it's interesting where, and again, I'm not an expert on the computer chip industry,

so please, listeners, if you know something I'm wrong about, correct me here, but essentially my understanding is that the two of them patent some sort of chip that becomes very widely used throughout the PC desktop revolution of the 90s. Could you cut back on the technical jargon? Just from Vanity Fair, it was making chips that enable, well, later on,

voice, video, data, and multimedia to travel at high speeds to just about any destination from cable set-top boxes to wireless networks. So, you know, PCs, televisions, like they're really in on this in the early days. Yeah, so it looks like they were essentially building products that were largely geared towards like the telecom boom. Basically, you know, things that went on to be like Ethernet processors. Internet capability devices.

Yeah, basically things that were in the right place at the right time for the Internet boom. Right. Now that makes sense because that era started a lot of the like, everything we're seeing now when it comes to smart TVs and set-top boxes with internet capabilities, some of that was introduced in the mid to late 90s, but the internet speeds were not fast enough to take advantage of the true capabilities of the devices or other factors that I can't think of in this moment. But so the fact that they were there literally at a time where everything's adding internet capability, whether it's your TV to your phone to your fridge.

You know, it doesn't fucking matter. Right place, right time. But so they're working there in the early 90s. In 95, they moved to Laguna Beach in Orange County. You know, they... The OC? Yeah. According to this Vanity Fair,

Henry Nicholas III told others at Broadcom that he was the rare personality type on myers-briggs called the mastermind oh which means he's an intj oh yeah so i think i got that once yeah well apparently we're only one percent of the population and we are known as the masterminds uh but i think it's pronounced mastermind yeah uh no hard r yeah so and you know he's kind of like a freak who like drives his employees into just crazy work hours he would brag to the press about how he and stacy his wife at the time decided to induce the birth of their daughter so that he could leave for a presentation to investors when Broadcom was about to go public.

Oh, really? So 1998. So, you know. Babe, I got to run. Can we wrap this whole pregnancy thing up real quick? I got a show to do. The miracle of life is interrupted for the miracle of IPOs. Babe, I'm a mastermind, okay?

You don't see me hanging out with these wackos. Look at these other dads in this pregnancy ward. You want me to become like them? I'm going to be a star one day. I'm going to have my own sex dungeon. I mean, working basement where I code. Yeah, when they did that sex dungeon plotline, I think that was a real sweep-sweep ratings grab. I mean, Misha Barton wasn't even in that episode. And it's like, if you're going to do a sex dungeon plot line i think that was a real sweep sweep ratings grab i mean misha barton

wasn't even in that episode and it's like if you're gonna do a sex dungeon episode it's got to be with misha barton what happened to her career oh she's older than 25 uh but so many of them still have careers yeah so just there's like a couple anecdotes about the working conditions at broadcom here. One investor remembers going to a meeting at 9 a.m. and there were only a handful of cars there. He asked if people were traveling. He was told that no, it was common to have people come in a little later from a short nap because they'd often work until six or seven in the morning. That's nice. Yeah. How do you guys come and lay if you've been here all night. There's another anecdote from the Vanity Fair piece.

Once at a biweekly meeting for executives, Nicholas was displeased with the assistant controller's report, so he rolled up the papers into a thick bar and smacked the guy over the head with it. Like a dog? Yeah. Apparently, Henry Nicholas also joked that he'd almost named the company Broads.com.

Please with a Z. Please. Please with a Z. Please, Broads, with a Z. And he bragged to reporters about his passion for, like, heavy metal, Metallica corn. And it's like he gets rich, and then he starts kind of working out. And then this is where, again, the IPO in 98, and he's kind of— You laugh at him trying to name it Bros.com but go daddy's been around yeah that's right fucking and their whole ad campaign was like we make websites that'll fuck you you know how the internet's about fucking that's what we do that is what every godaddy.com

advertisement was and you know it's crazy they got that uh what danica patrick is that her name the race car driver to be in the ads at the end of it oh and it's like go daddy what are you you're gonna be a champion of female sports stars in mostly male dominated fields while also just being a website uh domain name contributor that's mostly had scantily clad women on the on the commercials forever what are you you doing, GoDaddy? Websites that you can fuck with. And we're sponsored. Yeah, we're sponsored by a competitor to GoDaddy.

Stopmommy.com. You ever watch Stop Mommy videos? Yeah, they're like really slow-mo but fast all at the same time it's like uh it's and sometimes you just get high and you're like let's see what the stop mommy videos are up to you watch like four of them and feel just gross i mean it's made by the same people did that the wallace and gromit movies but it's a lot darker it's a it's a woman and her cat and there are no children involved but that mommy you just can't get blood squirts the same way as you can with stop that's right they did it with the jam and wallace and gromit but i knew where the original squirting motion came from stop mommy

is what he said uh when his wife went into labor just before the shareholders meeting. Uh, but so I guess what I wanted to say here is, you know, we mentioned he's like working them to, you know, death, like in all these fucking startups, uh, 98,

they IPO. And so it's interesting where according to vanity fair, they capped salaries for employees at 110,000 a year, which, you know, like it's a lot, but compared to, you know,

the billions that the co-founders are taking in, uh, and they kind of made up for that by giving people stock options, which, you know, like it's a lot, but compared to, you know, the billions that the co-founders are taking in. And they kind of made up for that by giving people stock options, which in many cases were worth millions, as long as you manage to unload them before the bottom fell out. Sure, sure. So just like an interesting thing kind of happens where, you know, Broadcom is like it's making a profit, unlike most other dotcom companies for a little bit, but it's wildly overvalued like everything else in the lead up to the dotcom boom. But an interesting thing happens where the stock hits its high. August 2000 is about $273 a share.

Nicholas unloads at least $117 million right before the bottom falls out that's not the only time he unloaded yeah i think in just december 1999 they reported that he unloaded 117 million um and he unloaded about a billion dollars altogether before the the stock price is that not illegal if you know it's coming or do you think he was just unloading if you can be shown to have insider information that say earnings are about to go down or something like that. Well, like, but I mean, but how would a CEO be privy to that information? Yeah. I mean, like this guy that, you know, I mean, he couldn't, he couldn't have known that, you know, that's, that's private information.

Yeah. And another interesting thing that happens here is like currently the European Union is taking actions against Broadcom for anti-competitive monopolistic practices. Wow, really? I didn't know they do that. Yeah, Broadcom has also said the USFTC is looking into them as of January 2018 for these kind of anti-competitive monopolistic practices. And why that's relevant is while Henry Nicholas III is the CEO, he bought up over 22 other tech companies for over 6.5 billion dollars and like credit and stock options and shit so it's kind of an interesting

thing where his company the value is wildly inflated because of this stock market bubble and he's able to use that to buy up all these other competitors and so now even though he's left it it's in such a dominant market position that it's like just a license to fucking print money so when he was buying all those companies was there no oversight from the government or were they just like we don't know what the fuck's going on there's basically oversight from the government well you know what the fuck i mean though like i mean was the 90s era so robbed of uh tech savvy politician yogi between the clinton and the bush administration yeah no they they were cracking down man yogi i know this is a comedy podcast but try to keep it

at least somewhat believable i don't like when we go on these totally absurdist tangents oh what i can't have fucking hope and optimism on the goddamn show uh but so you know uh the ipo goes in 98 he starts building his sex dungeon um interesting so the the basic story of how he gets caught is in like there's a couple different stories i'll give you the short version in the vanity fair he's building his sex dungeon directly under the house he sends his wife he goes on vacation with his wife because he thinks progress is going slow and while they're on vacation he has 100 over 100 contractors come in to speed rush construction on the sex dungeon but the thing is like his neighbors noticed this like massive no permit construction and he has some bullshit about how he's like building some

facilities for his horses or something but so um basically the new plan is after the neighbors catch him he rents space in a warehouse in a in the industrial district and then uh has the contractors build an exact replica of the sex dungeon over there so this is where he actually gets caught um wait he's building the sex dungeon off-site so it doesn't make yeah it's like an industrial facility i don't know if there's i think there's like a tunnel that he can like take to get over there it's not that far from the actual mansion what's it about rich people in tunnels huh yeah they fucking love that shit but so he has his new sex dungeon basically in this um

industrial warehouse uh and then in 2002 he uh goes on vacation with the family in colorado then he ditches his wife and kids to go quote work and his wife comes back and catches him in the middle of having sex with a prostitute while high on ecstasy well that was work for him yes oh i believe the warehouse was about one mile from the property um and just another interesting thing is around the same time in 2002, a group of seven, according to vanity fair, a group of seven contractors who had worked on the project,

uh, hired a lawyer to, uh, sue him. The contractors contended that he used quote manipulation, lies and intimidation, and even death threats to stiff them on the bulk of the money they were due.

He also allegedly told them he'd have them killed if they ever talked about him or the work he did. Wait, so when his wife showed up, she just was like, oh, hum-da-hum-da-hoo, I'm gonna go check out what my husband's doing a mile away from home. Oh, hum-da-hum-da-hoo-hoo-hoo. I'm gonna walk over.

Oh, Nicholas! You're fucking this person and you're on drugs! I don't know why she became Mexican at the end there, but... Apparently, like, some of the staffers and his personal assistants had, like, kind of been trying to tip his wife off because they thought between 98 and 2002, he was on just a total downward spiral. But I do like having contractors build you a sex dungeon then threatening to kill them rather than pay them is some real El Chapo shit.

So you got to respect the hustle there. I mean, I'm just like, I'm shocked at how much, how hard he worked to be lazy and then how little he thought to work slightly harder. Like, you know, I'm in a committed relationship, and if I was going to do anything nefarious, I'd be more than a mile away from my beloved. You know what I mean? That's not even a different area code. Yogi's like, I never set up a sex dungeon. I much prefer a sex loft.

I mean, I just feel like if I'm going to be fucking people on drugs, why would I be underground? I'd be in the sky. If it's going to cost me the same, I might as well be where I want to be. But so his wife catches him in 2002. They try to work it out, but they divorce in 2006. There's four more years of

him being married to this person? Yeah. I mean, it's hard to walk away from $3 billion. That's fair. Maybe I can shuffle some funds over and walk away from $3 billion. That's fair. Like, all right, well, maybe I can, like, shuffle some funds over and have my own lady sex den. In the beach house. I don't know.

But wouldn't... So did she make... She walked into the sex den and was like, are these authentic Persian Empire rugs? She's not mad about the infidelity, just mad about how much it costs. This is fucked up, but... The architectural taste that went into this face. Is this pure great heroine?

You told me it would be at least 30% fake. But so his wife, you know, finally, his wife, Stacy, finally divorces him in 2006. But she says around this time that uh he he threatened to quote have her whacked and he had her tailed by men wearing gorilla masks his ex-wife and and one of the men wearing gorilla masks performance art yeah that's not a gorilla mask like like for how good they can be are the cheapest realistic masks like masks uh go for a pretty penny if they're well made but the gorilla masks are the cheapest full face one i don't know why i know this much about gorilla masks one of one of the men wearing gorilla masks threatened her

in sign language while holding a kitten oh what other thing i like let's say you know he's not like one of the top tier billionaires if he were a top tier billionaire he would have had uh her trailed and threatened by coco the actual gorilla so like because of the divorce i think she gets to keep the mansion and has the sex dungeon destroyed and he has to like go live somewhere else uh in one some other mansion um but the only reason we know all these details about the sex dungeon is for this Vanity Fair long piece I've been reading. The interior decorator of the sex dungeon

agreed to cooperate because he was tired of people calling it a sex dungeon. So a bulk of the article is him just laying out, yeah, he just gave me the total freedom to design a space with like flat screen TV and, you know, Persian rugs and all these gold plated columns. But he really wasn't using it as a sex dungeon. It was it was more like an underground bachelor cave. It's going to be Epstein defense in a few months here. Oh, speaking of which.

Canceled for cultural appropriation speaking of which we mentioned at the top he gets you know this uh sweetheart plea deal like two days ago right uh where he does no jail time for this felony drug charge uh i cannot think of a person who is more happy that jeffrey epstein is dominating the news right now than the billionaire who did like a not nearly as creepy thing and got a sweetheart uh deal for it um but yeah no he's just like it's interesting where this this just totally blew out of the mainstream papers where it's like the local las vegas press covers this but you just don't see it anywhere else so henry nicholas the third you know his he gets caught by his wife 2002 it's actually um uh his senior it guy has to turn over one of his emails to his wife to management of the company in 2002 2003 where he's like uh according to the oc register he sends his

wife this email saying quote the worst part is seeing the company falling apart because i am not fully functioning however i don't care about broadcom anymore i just feel like a liar to the people i'm recruiting to new positions so essentially he's confessing to his wife that his drug had it is so out of control he's not doing anything for the company anymore and he's made to resign in 2003 but he remains a major shareholder of broadcom which is where the bulk of his net worth comes from um and so interestingly enough uh this the engineer who got it, Scott Smith, would turn over these emails to the FBI. And then there's this FBI investigation into stock options backdating and drug trafficking. It should be noted Broadcom,

so stock options backtrading, the essential way, what they were doing is you are allowed to give stock options to your employees, but you can, there's a strike, what's called a strike price is what the price that your employees can buy stock at. And it's supposed to be like an average of the price over the last, say, 120 days. But you can change the date at which you give it to them to essentially give them a gift which is not illegal but hiding it from shareholders is right because if you hide it from shareholders it's essentially like you are stealing money from the people who own the stock and giving it to you know employees which is not the worst thing but it is still fraud sure to hide that from people so essentially in 2007 broadcom has to change their previously reported financials by 2.2 billion. So essentially they were doing 2.2 billion of transfers from 1998 to 2005,

$2.2 billion worth of backdating. And according to an SEC complaint, had Broadcom accurately reflected these transfers, its 2000 operating income would have been reduced by $442 million. So it is just kind of like straightforward stock fraud where they are manipulating the stock price. But essentially, the prosecutors commit the case is thrown out because of prosecutorial misconduct they were like trying to intimidate witnesses um but it should also just be noted that he uh threatened his personal advisor craig gunther uh he took him on a plane he accused him of wearing a wire and working with the feds uh he told the fbi nicholas had said he would quote chase him to the ends of the earth if he screwed him and then hit him in the face um but another interesting thing is uh this guy gunther was like he was getting around this uh the bank regulations that says you can only withdraw you have to file a report whenever

you withdraw more than ten thousand dollars he was essentially repeatedly cashing checks to nicholas's account for just under the limit. He would essentially from early 2006 to 2007, one employee wrote 129 checks on Nicholas's account payable to cash for a cumulative $689,000. Only a few were over 10 grand. So essentially this is like between 2006, 2007. This is after he left, but this is a huge drug habit and he goes into AA in 2008 but in 2007

and he just knocks it out of the car in 2007 he crashes his Lamborghini into a light pole with his son in the car he left the scene of his accident but his former Navy SEAL bodyguard told police that he was the son in the car uh he left the scene of his accident but his uh former navy seal bodyguard told police that he was the driver of the car which is of course uh the navy seals creed is to never leave a methed out billionaire to take the rap for almost murdering their child

that's what they say in blackwater yep um but so you know it is just something where we mentioned he manages to get away with these two charges and he's still like, I mean, you know, the guy is probably sick. He's probably a drug addict. So it is unfortunate, but it is at the same time. It's like he is pushing policies that make people's lives worse, while also, it just so happens, using the bulk of his fortune for just mindless hedonism and sex dungeons and drugs and all this other stupid bullshit that it's like, I don't know, maybe at the end of the day, you'd be happier if you just spent three billion

putting people into homes or something like that. Yeah, okay, fucking nerd. Yeah, Sean. If anything, he should go to prison for poor taste. If you spend that money putting people into homes not called the LA County Lockup. But, and you know,

and it just kind of goes on where, you know, maybe we'll return. Well, I mean, we will return to the co-founder, Henry Samueli, because he's also a billionaire and there's lots of stuff to cover with Broadcom that we don't have time to get to. it should be noted that um according to the orange county the voice of oc.org as of 2018 state investigators are reviewing a complaint alleging that the orange county district attorney and his chief of staff illegally failed to disclose private jet travel

provided by henry t nicholas is the. So they're riding on his private jet. And he was previously charged with using this plane for drug trafficking. It was actually pretty interesting in the federal indictment. They alleged that at one point they were smoking so much pot on his private jet that the pilot had to put on a oxygen mask in order to fly the thing, which like, you know, we're not going to hate on him for that part of the story no

that's no that's that's yeah i wish i could say everything he did sucks but i gotta admit pot on a private jet sounds pretty fun i'm gonna say that the pilot's a fucking nerd they could have dude done some like loop-de-loops like he could have gotten to the point where he's like this is your pilot speaking let's see if we can do that vomit comet zero g shit as as soon as henry t nicholas uh finds a rhyming dictionary for that story he's gonna go triple platinum uh but so you know just to kind of go through other random stuff but freestyle freestyle it no uh i hate this show so much yeah me too but just a couple other miscellaneous accusations i'm trying to destroy it from the inside oh yeah oh i've been trying to do that the entire time uh you know how happy it makes me when people are like oh in this

previous episode the levels are all fucked up and my ears hurt every time they laugh. And I'm like, good. Good. Good, you fucking cretins. This is an op where we decided Reddit is a white supremacist website. And we are going to take direct action by laughing directly into the microphone. We need to make America deaf again. Yeah. Our program to deafen white supremacists.

The plan is to sell hearing aids to our fans in the 20 years. That's the plan. We do the podcast for five years, and then we start selling hearing aids. Exactly. Foolproof. So just a couple other miscellaneous accusations against Henry Nicholas III. It's been claimed that he was spiking the drinks of both clients and competitors to steal trade secrets. Really?

So he would put ecstasy in people's drinks, like that fucking guy who was the singer. Which one? God damn it. The guy who did Fuck You. Oh, CeeLo? Yeah. So he was doing the CeeLo thing of, well, I guess. Date raping?

First of all, pinning all date rape on CeeLo is a pretty low fucking bar, Sean. I mean, let's be honest. You could have just said he's doing this thing, date raping this stuff, and not thrown CeeLo under the bus on this. Not to say CeeLo's absolved of being a piece of shit. I'm just saying that that like you know silo's silo's attorneys were insisting in court he was just stealing trade secrets no she had the quarter three facebook numbers nothing ruined a song more like you're listening to fuck you when you realize that silo green is a rapist or he's like crying about in the middle of the song about like losing a woman it's like

dude you're raping people right right you know the stunt he pulled or he showed up at like an award show in all gold oh yeah he claims he wasn't him he's like that wasn't me c-low green you a psychopath what do you mean that wasn't you that guy with the vaguely same build at an event that you were supposedly supposed to be at dressed in all gold that ain't you celo who is that celo fuck you the number one hit dedicated to a district attorney that prosecuted him anyway so the celo green move of raping people as sean is spiking drinks with ecstasy um so uh he uh ordered 225 hits of Ecstasy. Could he even spring from Molly?

I'm sure he's getting the pure MDA, Andy. MDMA. He allegedly ordered 225 hits of Ecstasy for a 2001 Super Bowl party. That just seems like a good time. I don't see anything wrong with that. He's also got a record label. I think he claims to be involved

in getting sublime their breakthrough oh you don't want level fuck this guy forever now i'm now i'm completely against him he also claims to be the person who got the lead singer of lincoln park to kick drugs oh yeah well that guy killed himself so oh so he did a really good job of it yeah that guy's become too numb uh that's one of their songs yeah i figured he he spiked his drink with ecstasy and found out they were doing a duo album with jay-z that also happened yeah uh oh and i guess just kind of the last thing or the last two things i want to mention here and you know when we do the future episode maybe we'll get into more of Broadcom's abuses but you know

if you know about them please let us know but it should be noted here he got rich making these chips that are all manufactured mostly in Asia so it's like the labor conditions there are pretty horrific like they do the design in California they manufacture the fucking things

in Asia, Indonesia various countries with various labor standards. And according to knowthechain.org, as of 2018, Broadcom is the lowest rated U.S. company on keeping track of slavery in their supply chain. They say Broadcom reduced their public disclosures dramatically, resulting in an 81% decrease in their score compared to 2016. I like how whatever that group's chart is backwards. They're the lowest at making sure slavery isn't a part of their bill list. Don't you mean they are the worst perpetrators of that crime, not that they're the lowest on a list of people that are better than them?

Sounds like they're the best perpet a list of people that are better than them. The best perpetrators of slavery. Exactly. Do you know how much slavery you have to do to win the Ronald Reagan criminal justice award? Well, it's better than one slave owner, too. So, you know, Broadcom is the, as of 2018, the lowest rated U.S. company on terms of disclosures to keeping slavery out of their supply chain So you have to imagine there's a lot of just horrific labor abuses that go into it But even on the u.s side and again, he resigned in 2003 as ceo. He's still a huge shareholder

So this is where his fucking money comes from As of 2015 broadcom fired a security guard contractor For managing to unionize 75 of the security guard contractor for managing to unionize 75% of the security guard contractor workers. So it is another thing where the Silicon Valley companies, we've talked about this with the Microsoft episode. Doesn't it sound like he unionized them good enough? The Microsoft episode, they so heavily rely on contractors to do this kind of like the lower paid end of the labor. And the work conditions are very abusive and very exploitative. So, you know, Jesse Jackson actually led a protest against Broadcom in 2015. But it is just something where on the domestic side and especially on the international side, there is always labor exploitation and just horrific amounts to be to be found and even his

fucking employees that he's working till 6 a.m and slapping around with paper they are victims of labor exploitation too even if some of them managed to cash out their stock options before the bottom fell out um so he's been retired for 15 years yes and all he's done is have sex with the lady that used to be with the wells fargo person or is the wells fargo person well yogi i don't think that's the only lady he's managed to have sex well i mean like wells fargo orgy is we should have invited someone from the dsa sex worker caucus onto this episode because i am sure half of them sure this guy is well. Well, so I mean, like, I'm not saying that that's the only person he's had sex with, but for 15 years, he's just been doing drugs and fucking?

Yeah. Wow. What a piece of shit. I mean, look, I think he's a very- And he's maintained his net worth? Like, he hasn't run through? Yeah. I mean, he's got multi-million a year drug habit,

but just like the 8% return of just putting his money in the stock market, we'll pay for that many times over. I mean, like, I shouldn't be impressed, but, I mean, it's the same thing with fucking Milken stealing, what, 8 billion and being fined two, something along those lines?

It's like... Yeah, he's worth like 3 billion and he's fined a little less than a billion. How the fuck are we just tolerating these people that are like, oh, you mean a fucking crime is a fucking fine that I pay from time to time? That's no big deal. It's like a fucking tip at the end of a restaurant bill. I just got to make sure to pay it and do whatever the fuck I want. But so I guess we will see what happens with Henry Nicholas III going

forward. He's going to enter this sweetheart plea deal for his las vegas drug charges august 26 2019 uh hopefully he gets into rehab but even more hopefully than that he gives away his money and does something better with it than just the fucking empty void that is you know hedonism and uh drugs and meth and even psilocybin maybe he'll join our patreon yeah man i can't believe maybe he'll start our Patreon. Yeah. Man, I can't believe... Maybe he'll start contributing to a more worthy psilocybin habit. Andies. Man, I can't believe Bill Hicks was wrong

and psilocybin didn't give him a third eye. He just... He used the third eye to design the sex dungeon. But we will follow up in the future with the other founder, Henry Samueli. So please, grubstakerspodcast at gmail.com or hit us up on Twitter, grubstakerspod. Let us know anything else you think we missed with Broadcom. And we will see you next week.

Thanks for listening. And with that, this has been Grubstakers. I'm Yogi Paiwal. I'm Eddie Palmer. All right. Five stars on iTunes. Talk shit on Reddit. Thank you.