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☆ Should a company rate its staff? A former Amazon exec says 'stack ranking' is useful when done right
  + stars: | 2023-12-05 | by ( Lucy Handley | ) www.cnbc.com   time to read: +6 min
What is 'stack ranking?' "Stack ranking" is an employee rating system popularized by executive Jack Welch in the 1980s during his time as CEO of GE. Does stack ranking work? And in many cases, having a stack ranking system is actually helpful, because there's an objective, collaborative process to evaluating employees," he said. Why is stack ranking controversial?
Persons: —, Alykhan Sunderji, Sunder, Jack Welch, Sunderji, Banks, Goldman Sachs, McDonald's, Chris Kempczinski Organizations: Amazon, CNBC, GE, Amazon Pay, Google, Microsoft, Origin, New York Times
☆ Fed’s Aggressive Rate Hikes Are a Game Changer
  + stars: | 2022-11-21 | by ( Aziz Sunderji | ) www.wsj.com   time to read: 1 min
As the Federal Reserve raises interest rates to cool the economy and slow inflation, it is contending with the imprecise and inconsistent effect of monetary policy on the economy. The Nobel Prize-winning economist Milton Friedman famously argued that “monetary actions affect economic conditions only after a lag that is both long and variable.” Since it can take years before the full effects of tightening become apparent, the Fed tends to move incrementally, adjusting policy gradually while scrutinizing economic data for signs of its effects.
☆ What to Know About (Legally) Marketing Crypto Assets
  + stars: | 2022-10-06 | by ( Megan Graham | ) www.wsj.com   time to read: +6 min
Newsletter Sign-up WSJ | CMO Today CMO Today delivers the most important news of the day for media and marketing professionals. The cryptocurrency boom has attracted many investors, including less experienced ones, raising questions about what is appropriate when marketing these types of assets. “Over time, especially in the crypto space, we’ve seen [people] try to call it different things to avoid the securities laws,” Mr. Gerold said. What is something else?” Mr. Gerold said. Mr. Gerold said it can depend on what the stars are saying in these ads.
☆ Dozens of TikTokers are quietly discussing forming a creator union, but legal experts say it would be difficult
  + stars: | 2022-09-19 | by ( Tanya Chen | ) www.businessinsider.com   time to read: +7 min
TikTok creators are discussing forming a union to try and create more protection for their jobs. The National Labor Relations Act, for example, could not force a company like TikTok to negotiate a creator union. Sunderji said that even without a union, TikTokers coming together as a collective or an association could affect change. In 2019, a group of YouTubers formed FairTube, an unofficial YouTube "union," to ask for similar demands, like more transparency around its pay and penalties. "TikTok is a great place to be discovered, but a terrible place to be a professional creator," Valkai said.
☆ 72 TikTokers are using a private Discord to talk about forming a creator union, but it's an uphill legal battle
  + stars: | 2022-09-16 | by ( Tanya Chen | ) www.businessinsider.com   time to read: +7 min
TikTok creators are discussing forming a union to try and create more protection for their jobs. The National Labor Relations Act, for example, could not force a company like TikTok to negotiate a creator union. Sunderji said that even without a union, TikTokers coming together as a collective or an association could affect change. Multiple TikTokers in the Discord pointed to YouTube as an example of the kinds of changes that could be made. "TikTok is a great place to be discovered, but a terrible place to be a professional creator," Valkai said.
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