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Please tell me someone recorded this utter waste of oxygen doing the equivalent of stepping on garden tools in a Looney Tunes short. That's so monstrously fucking stupid it could be funny (if the old adage of tragedy + time = comedy holds true, anyways).
It's funny when summarized, but sitting there for over an hour to set up the punchline drained all enjoyment from life.
If someone bothered to record it, I've no idea. Nowadays (different company) all such meetings are recorded and made available, but haven't seen an executive say something quite so boneheaded in general.