Patty McCord, former Chief Talent Officer at Netflix and author of "Powerful: Building a Culture of Freedom and Responsibility", discusses her time at Netflix and why certain principles make the company successful.
McCord discusses her distaste for the word "empower" in the workplace, noting that employees already have power. Executives just need to give it to them.
She digs into the intentionally high turnaround rate at Netflix and why a culture like that is okay. She talks women in the workplace and why equal pay is something that needs to be addressed at this point in time.
Stephen Smith, Founder and CEO of Kitman Labs, joins Cheddar News' Closing Bell, where he explains how his company's intelligence platform is engineering change in how athletes and sports teams prepare for games.
Sportswear giant Adidas is giving student-athletes the opportunity to become partners as affiliate brand ambassadors to help grow their networks as professional athletes. Attorney Darren Heitner, the founder of Heitner Legal, joined Cheddar News to talk about the legalities of the process. "It is absolutely a game-changer because we see a major brand make a big splash, nine months into name image and likeness rights for college athletes," he said. "While it is a paid brand affiliate type of partnership, it will open the door for 50,000-plus athletes across the country to start making some money, even if it's just through other people clicking their links and making purchases."
The U.S. Financial Industry Regulatory Authority (FINRA) is warning retail investors that they may be getting in over their heads as the meme stock roller coaster continues. Dave Nadig, a financial futurist at ETF Trends, joined Cheddar News to give his thoughts on a proposal to create a kind of test to mitigate risky retail trading behavior and how it differs from existing qualifications for certain types of trading. "What FINRA was proposing is very different. They're actually talking about potentially testing investors to see whether they understand more complex products," he said. "And so this is a very new and I think slightly dangerous proposition from regulators."
