Sixty summers ago, one of the most unlikely songs ever to make #2 on the Billboard charts was a comedy parody called CAMP GRANADA, which chronicled the laments of a city kid who was sent away to a remote summer camp and began to methodically run off a list of all of the diseases and tragedies he and his fellow campmates were enduring as he was apparently suffering through yet another rainy day. Since its author and singer Allan Sherman looked an awful lot like my dad, and shared the same-spelled first name, and since tomorrow will be nine years since my Dad left this mortal coil, it’s on my mind today. Allan’s son Robert, reportedly the inspiration for the song when he wrote some similar correspondences from Camp Champlain, is a friend of mine, so the Shermans have an even deeper connection to my heart on days like this.
Now you or may not be of a vintage where a salute to unlikely summer camp attendees means a darn thing to you, but I know plenty of the people who will be attending–and, certainly, many of the people running–the annual Allen and Compant Sun Valley Investor Conference which kicks off tomorrow in Idaho do remember the song, and many feel as much like a fish out of water as did young Mr. Sherman. As THE OBSERVER’s Sissi Cao explains, people who often wouldn’t be caught dead in a location like that come together in such an atypical environment to get away from the pressures of their normal lives and, perhaps, create an environment where history could be made:
Every July, dozens of tech moguls, finance barons and Hollywood A-listers fly in from around the world to a mountain resort in Sun Valley, Idaho for the annual Allen & Company conference, dubbed the “summer camp for billionaires.” The highly private annual gathering is known not only as a retreat for industry power players to mix work with pleasure but also as a seedbed for mega business deals, such as Jeff Bezos’s purchase of the Washington Post and the merger between Disney (DIS) and ABC.
It’s a week later than usual this year, what with the event normally starting on the Tuesday after Juky 4th but with this year’s Independence Day actually falling on a Tuesday, it was delayed accordingly. Bezos won’t attend this year, nor will Elon Musk, who is more than a little busy trying to figure out ways to keep his social media company relevant and solvent. But his potential future cage fight opponent Mark Zuckerberg will be there, in an environment where depending upon the weather his hoodies will actually fit in style-wise.
Zuck may be alphabetically last on the list of those who are invited, but if you take a glance at who else will be there, you might be wise to anticipate that something involving a few of these companies might at least be discussed, if not get executed, in the next few months. Per Brent Lang and Rebecca Rubin of VARIETY!:
Tech
- Mark Zuckerberg, founder and CEO of Meta (META)
- Sundar Pichai, CEO of Google and Alphabet
- Tim Cook, CEO of Apple (AAPL)
- Bill Gates, founder of Microsoft (MSFT)
- Satya Nadella, CEO of Microsoft
- Sam Altman, CEO of OpenAI
- Reid Hoffman, cofounder of LinkedIn
Media and Entertainment
- Rupert Murdoch, executive chairman of News Corp
- David Zaslav, CEO of Warner Bros. Discovery (WB)
- Shari Redstone, chairwoman of Paramount (PARA) Global
- Bob Iger, CEO of Walt Disney Company
- Dana Walden, co-chairman of Disney Entertainment
- Reed Hastings, chairman of Netflix (NFLX)
- Ted Sarandos, co-CEO of Netflix
- Greg Peters, co-CEO of Netflix
- Bobby Kotick, CEO of Activision Blizzard
- Casey Wasserman, CEO of Wasserman Media Group
- Bryan Lourd, co-chairman of Creative Artists Agency
- Brian Grazer, film and television producer
- Josh Berger, founder and chairman of Battersea Entertainment
- Jeffrey Katzenberg, CEO of DreamWorks Animation
Finance
- Warren Buffett, chairman of Berkshire Hathaway
- Kenneth Chenault, former CEO of American Express
- Bob Mylod, founder of Annox Capital Management
- Peter Thiel, cofounder of PayPal, Palantir and Founders Fund
Sports and food
- Rob Manfred, MLB commissioner
- Jay Monahan, PGA Tour commissioner
- Roger Goodell, NFL commissioner
- Adam Silver, NBA commissioner
- Robert Kraft, owner of the New England Patriots
- Terry Pegula, owner of the Buffalo Bills and Buffalo Sabres
- Hamdi Ulukaya, founder of yogurt maker Chobani
- Danny Meyer, founder and chairman of Shake Shack
Politics
- Lawrence Summers, former treasury secretary (1999 to 2001)
- Hank Paulson, former treasury secretary (2006 to 2009)
- Mario Draghi, former Italian Prime Minister
- David Petraeus, former CIA chief
- Amos Yadlin, former Israel Defense Forces military attaché to Washington, D.C. and head of the IDF Military Intelligence Directorate
- Yousef Al Otaiba, the United Arab Emirates ambassador to the United State
- Karim Sadjadpour, an Iranian-American policy analyst at the Carnegie Endowment
- Martin Indyk, former U.S. ambassador to Israel
Media
- Oprah Winfrey, host of the Oprah Winfrey Show
- Andrew Ross Sorkin, columnist for the New York Times
- Gayle King, co-host of CBS Mornings
- David Begnaud, lead national correspondent for CBS Mornings.
- Van Jones, CNN contributor
- Erin Burnett, anchor of Erin Burnett OutFront on CNN
- David Ignatius, columnist for The Washington Post
- Bari Weiss, founder of The Free Press
- Becky Quick, co-anchorwoman of CNBC’s “Squawk Box”
No, they aren’t going to be separated into boys’ and girls’ bunks, and the food will likely be slightly better quality than the slop young Robert Sherman had to eat. Hey, if nothing else, the yogurt and hamburgers should be pretty darn tasty,
Tastier still will be the rumors and rumblings that may emerge. Those that are golfers or tennis players will have the ability to work out their aggression and ideas in a paparazzi-free environment, and those a bit more sedentary will at least be able to enjoy fresh air and beautiful scenery to decide if and how the stock market and, potentially, the shape of the next round of elections may evolve.
Or, perhaps, some of those ideas just get forgotten amidst the camaraderie or, perhaps, petty arguments that often occur at retreats. If nothing else, maybe some of the elder statespeople can teach the younger turks this salute the way my dad taught it to me. :
Until next time….