Shaq responds to Kobe Byrant and talks Papa John’s controversy

Shaq responds to Kobe Byrant and talks Papa John’s controversy


THE RECENT TREND LINE. 5592 AT THE MOMENT. STEALING TRADE SECRETS? A 30s CHARGE A FORMER GOOGLE NEAR ANY LAND MIKE CASE FOR SILICON VALLEY. FROM NBA HALL OF FAMER TO ALL- STAR BUSINESSMAN, SHAQUILLE O’NEAL DISCUSSES HIS SUCCESS OFF THE COURT. AND AS FEARS OF ANOTHER ECONOMIC DOWNTURN RISE, ANOTHER AT ADDITION OF YAHOO U TELLS US WHAT DEFINES AN ECONOMIC RECESSION. HE IS A FORMER NBA CHAMPION AND HE HAS HAD, ADDED ENTREPRENEUR TO HIS WAS MY. HIS NEWEST VENTURE IS CALLED STUDY. IT TRACKS INCOME AND MANAGE HIS FINANCES. JOINING US FIRST ON YAHOO FINANCE, SHAQUILLE O’NEAL AND THE COFOUNDER AND CEO AND COFOUNDER OF STUDY ADAM ROSEMAN. THINK IT’S COMING IN. SO FIRST OF ALL, I WANT TO GET A LITTLE BIT OF BACKGROUND ON STEADY ND WHAT EXACTLY IT IS. SO IF YOU ARE A GIG WORKER AND THERE ARE A LOT OF THEM COME IN INCREASING NUMBERS, WHAT DOES THIS DO FOR THEM? >>SURE. SO IF YOU ARE A GOOD WORKER TODAY, THE LIKELIHOOD IS YOU HAVE HIGH INCOME VOLATILITY. IT USUALLY HAS 30% MONTH OVER MONTH VOLATILITY. THE HARDEST THING IS TO FIND EXTRA INCOME. TODAY YOU GO TO THE STUDY APP, ENTER YOUR ZIP CODE AND SEE A LIST OF EXTRA INCOME OPPORTUNITIES. YOU CAN FURTHER REFINE THE SPACE UNDER QUALIFICATIONS. AS WE CARRY FORWARD, WE ARE HALF WORKFORCE AND HAVE FINANCIAL COMES, WE CAN SEE HOW THEY ARE EARNING AND HOW THEY ARE PERFORMING. WHEN YOU PUT ALL OF THAT DATA TOGETHER, YOU ARE ABLE TO COME UP WITH A NICE PICTURE OF HOW ARE THE BEST WAYS FOR PEOPLE TO EARN BASED ON THEIR SKILL SET, GEOGRAPHY AND VARIETY OF OTHER FACTORS? >>SHAKEEL, WOULD YOU COME INTO THIS? OF YOU SO YOU DON’T HAVE A REGULAR DATA. YOU ARE NOT A SALARY GUY ANYMORE. IN A WAY, YOU ARE A BIG WORKER I GUESS. >>NOT ONLY THAT, WHEN I MET ANDY, HE SAID YOU WANT TO HELP PEOPLE, HELP THEM BUILD A SUSTAINABLE INCOME? I SAID SURE AND WE STARTED TALKING ABOUT GIGS. IT TOOK ME BACK. MOTHER AND FATHER BOTH HAD EXTRA JOBS. TO PUT SHOES ON MY FEET, CLOSE ON MY BACK. SO I JOINED THE TEAM AND I WAS PART OF THE RESEARCH. DOING THE RESEARCH, I WENT OUT AND CHATTED WITH PEOPLE AND THAT WITH GIG WORKERS AND TALKED ABOUT WHY THEY WERE DOING IT, A LOT OF PEOPLE DO HAVE JOBS BUT THEY JUST WANT THE EXTRA INCOME TO PAY EXTRA BILLS. THEY HAVE KIDS OR THEY JUST WANT TO GO ON VACATION. ABOUT 70 MILLION PEOPLE, INCLUDING PEOPLE WHO HAVE JOBS THAT REALLY DO GIGS. SO WE ALSO WANT TO ENSURE THAT THE APP IS VERY EASY FOR PEOPLE WHEN THEY COME ON. YOU WANT TO JUST BUILD A SUSTAINABLE INCOME AND GET EXTRA INCOME? WE CAN HELP YOU OUT. GO TO YOUR PHONE, DOWNLOAD STEADY. >>I THINK THAT THIS IS KIND OF INTERESTING IN THE CURRENT GIG ECONOMY WE LIVE IN. IT IS A DIFFERENT TIME THAN 20 HAVEN’T 30 YEARS AGO. WHEN IT COMES TO THIS APP, DO YOU GUYS CONSIDER YOURSELVES TO BE A COMPETITOR TO A MONSTER OR AND AND DEED? AND HOW DO YOU GET THE WORD OUT? I KNOW IN A LOT OF CASES IS NOT THAT THERE AREN’T JOBS FOR PEOPLE CAN’T FIND THEM. >>WE DON’T VIEW OURSELVES AS A COMPETITOR TO THOSE AND THE REASON IS, WHO IS THEIR CUSTOMER? WHEN YOU LOOK AT INDEED, MONSTER, THE CUSTOMER IS THE EMPLOYER. THE CUSTOMER IS A CONTRACTING PARTY. THEIR SOLUTION IS TO CREATE THE BEST POSSIBLE EXPERIENCE AND OUTCOME FOR THE INDIVIDUAL OR THE COMPANY THAT IS PAYING THE BILL. FOR US, OUR CUSTOMER IS THE USER. THERE IS NOT A PLATFORM TODAY THAT FOCUSES ON CREATING THE BEST POSSIBLE OUTCOME FOR THAT HOURLY WORKER. FOR THAT LOW SKILLED WORKER. THERE LEFT ON THEIR OWN TO GO TO MONSTER AND TYPE SOMETHING INTO A SEARCH BAR. WELL IF YOU HAVE BEEN DOING RETAIL CUSTOMER SERVICE FOR 10 YEARS, WHAT ARE YOU GOING TO TYPE INTO THE SEARCH BAR? RETAIL CUSTOMER SERVICE. WHERE IS THE ABILITY TO MOVE ON? TO GET ON A PATH OF ASCENSION OWING FORWARD? THERE IS NOTHING FOR THOSE PEOPLE. >>SHAQUILLE O’NEAL, LISTED ABOUT YOUR BUSINESS APPROACH. YOU HAVE WORKED WITH A LOT OF DIFFERENT BRANDS. GENERAL INSURANCE, KRISPY KREME, RING, HAVING COVER SPORTS BUSINESS FOR A NUMBER OF YEARS, YOUR WORK WITH PAPA JOHN’S IS A GOOD EXAMPLE. ATHLETES NO LONGER TAKE A FEE AND APPEAR IN AND ADD. NOW THEY WANT EQUITY OR GET ON THE BOARD. TELL ME ABOUT THAT SHIFT ACROSS RETIRED ATHLETES THAT YOURSELF. HOW DO YOU THINK ABOUT WHICH COMPANIES YOU WANT TO PARTNER WITH? >>TO BE HONEST WITH YOU, I DON’T PAY ATTENTION TO WHAT OTHER PEOPLE ARE DOING. BY STYLE AND BY METHOD HAS ALWAYS BEEN, IF IT IS GOING TO HELP OTHER PEOPLE? I HEARD JEFF BASIS SAY THAT IS HOW HE INVEST IN THINGS. IF IT’S GOING TO CHANGE PEOPLE’S LIVES, HELLS PEOPLE, IT IS GOOD. WHEN I FIRST MET ANDY, WE STARTED TALKING ABOUT STEADY. EVERYONE WANTS EXTRA INCOME SO I THOUGHT IT WOULD BE GOOD. THE PAPA JOHN’S SITUATION, I REALIZE THERE WAS A PROBLEM THERE. THEY DIDN’T HAVE ANY DIVERSITY ON THE BOARD. ALWAYS WANTED TO BECOME A FRANCHISEE. NOT FOR MONEY PURPOSES. ONE DAY I WAS READING AN ARTICLE AND I WAS TALKING ABOUT THE BEST RETIRED ATHLETE BUSINESSMAN AND I THOUGHT MY NAME IS GOING TO BE AT THE TOP, WHEN I SAW MY NAME WASN’T AT THE TOP, LOOK, I AM A COMPETITOR I LIKE CHALLENGES. IT GOT ME TO THINKING. IT WAS, I WAS NUMBER FOUR AND MAGIC JOHNSON AND THEN MICHAEL JORDAN AND THEN A FELLOW BY THE NAME OF JUNIOR BRIDGEMAN. JUNIOR BRIDGEMAN OWNS A LOT OF WENDY’S. I WANT TO GET INTO THE FRANCHISE BUSINESS. I USED TO BE IN THE FRANCHISE BUSINESS. HAD 155 GUYS, SO THOSE. WHAT CAN I DO NOW? AND THEN I SAW THE PAPA JOHN’S. PAPA JON’S AND COLLEGES BIG FOR ME. IT WAS WHAT I ORDERED. AND I MET WITH STEVE RITCHIE AND JEFF SMITH I SAID I WOULD LIKE TO BE INVOLVED IF I COULD BE ON THE BOARD AND IF I COULD PURCHASE A COUPLE FRANCHISES. >>SO THAT BRINGS ME TO THE IDEA OF RETIRED ATHLETES AND WHAT THEY SHOULD DO. THERE IS A LOT OF CHALLENGES FOR ATHLETE WHO ARE CURRENTLY PLAYING. WE HAVE SEEN RECENT EXAMPLES OF PEOPLE WHO HAVE FINANCIAL TROUBLES. WHAT WOULD YOU TELL THEM BOTH WHILE THEY ARE STILL PLAYING AND AFTER THEY RETIRE IN TERMS OF ANY INVESTING ADVICE YOU WOULD GIVE THEM? >>I WOULD TELL THEM DON’T ALWAYS TRY TO GO TO THE QUICK MONEY. EVERY TIME I HAVE MADE AN INVESTMENT BASED ON I WAS GOING TO DOUBLE OR TRIPLE OR QUADRUPLE MY MONEY, I LOST EVERY TIME. EVERY TIME I JUST TOOK MY TIME, DID MY DUE DILIGENCE, DID MY RESEARCH, THOUGHT ABOUT IT, MY FIRST MAJOR INVESTMENT WAS GOOGLE. THE GUY SAID, IN THE FUTURE. NOT NOW, IN THE FUTURE. PHONES, SEARCH ENGINES, THIS INFORMATION. THAT IS GOING TO WORK. THAT IS GOING TO WORK. IT IS NOT GOING TO WORK NOW BUT I CAN SEE IT IN THE FUTURE. THAT WAS THE FIRST TIME I REALLY STARTED THINKING ABOUT INVESTING. THEN I STARTED LOOKING AT EVERYBODY ELSE IS DOING. JEFF BEZOS, A LOT OF OTHER SUCCESSFUL ENTREPRENEURS. I WOULD JUST TRY TO FIGURE IT OUT. THE COMPANIES AT PARTNER OPERAS, MY STYLE IS THAT IF I DON’T BELIEVE IN YOUR PRODUCT I WILL NEVER PARTNER UP WITH YOU. I ACTUALLY FOUND RING BY ACCIDENT. IT WAS MY FIRST TIME BEING A SPOILED RICH BRAT. WHAT I MEAN BY THAT, I USED TO LIVE IN THE COMMUNITIES SO NOW IN GEORGIA, I LIVE AMONGST THE PEOPLE. I STILL WANTED TO HAVE CAMERAS AROUND THE HOUSE SO I CALLED A SECURITY COMPANY AND THE COURT WAS $80,000. I WASN’T DOING THAT. ANOTHER QUOTE WAS $50,000. I WAS AT BEST BUY AND SAW THIS LITTLE BRING CAMERA. I BOUGHT A COUPLE AND IT WORKS LIKE A CHARM. SO I GO TO THE CONFERENCE IN VEGAS AND THE TECHNOLOGY CONFERENCE AND I MET WITH JAMIE AND I WAS LIKE, LET ME HELP YOU GET THE WORD OUT ABOUT HOW BEAUTIFUL AND HOW FABULOUS THIS RING IS. IT IS AFFORDABLE. IT WORKS AS WELL AS ALL MY OTHER TOP SECURITY THINGS I HAVE IN MY HOUSE. I HAVE A LOT OF CAMERAS AT MY HOUSE THAT I CAN’T GET ACCESS ON THE PHONE. SO WHEN I SAW THIS, PEOPLE DIDN’T EVEN KNOW ABOUT IT. LUCKILY, WE WERE PURCHASED BY AMAZON FOR $1 BILLION. I JUST, I DON’T EVER THINK ABOUT MAKING MONEY. I JUST THINK ABOUT DOING THE RIGHT THING, JUST HAVING FUN AND FOR EXAMPLE, WITH STEADY. IF WE CAN HELP PEOPLE FIND EXTRA GIGS AND GET EXTRA INCOME, WE CAN HELP, I THINK IT IS POSITIVE. >>DO THINK THAT ADVICE WORKS FOR NORMAL PEOPLE ALSO? INVESTING IN THINGS THAT AREN’T GOING TO SEE A QUICK RETURN BUT ARE A GOOD LONGER-TERM FIT? >>I REMEMBER WHEN I SAID APPEAR, I DON’T ACT LIKE AN EXPERT. IT WORKS FOR ME. I DON’T WANT TO SAY YOU SHOULD DO THIS, I JUST WANT TO SAY IT WORKS FOR ME. >>SHOP, PEOPLE TALK ABOUT YOU AND KOBE. YOU HAD A BEEF AND THEY BECAME FRIENDS. HE IS AN INTERESTING ENTREPRENEUR. HE DID A LOT WITH TECH INVESTING. HE SAID HE WAS TALKING ABOUT YOUR WORK ETHIC AND BEST WELL. HE SAID IF THE WORK ETHIC HAD BEEN HIGHER IT COULD’VE BEEN EVEN BETTER. WE COULD’VE WON EVEN MORE RINGS. THAT IS INTERESTING IF YOU APPLY IT TO BUSINESS. >>MAKE OF WHAT? >>HIS COMMENTS ON YOUR WORK ETHIC? >>WITH USING THAT TO ME OR TO ALL THE STATUES I HAVE IN FRONT OF THE STABLES CENTER? BECAUSE HE WASN’T TALKING TO ME. NEVER. MY WORK ETHIC SPEAKS FOR ITSELF. GOOD THING ABOUT ME IS THAT I DID IT MY WAY. MY WAY HAS BEEN VERY EFFECTIVE ON AND OFF THE COURT. YOU KNOW? PEOPLE HAVE TO SAY RELEVANT SOMEHOW. BUT WE ARE HERE TALKING ABOUT POSITIVE STUFF GO GETTING PEOPLE JOBS. HELPING GETTING PEOPLE EXTRA INCOME. I DON’T BUY INTO ANY OF THAT. >>SO — THREE FINALS, MVPS, 4 RINGS. NOT BAD FOR A GUY WHO DIDN’T WORK OUT. >>ARE YOU GOING TO COMPARE YOUR BEST PORTFOLIO TO KOBE’S? >>YOU KNOW WHAT? I AM NOT FROM THIS PLANET. I DON’T PETE WITH MAN. I JUST TRY TO DO THE RIGHT THING. MAKE PEOPLE SMILE. THE DAY AFTER I RETIRE, MY MOTHER GRABBED MY SHIRT AND SAID SOME, YOU HAVE DONE EVERYTHING I HAVE ASKED YOU TO DO. BUT WHAT ARE YOU GOING TO DO NOW TO MAKE OTHER PEOPLE HAPPY? THAT IS WHAT I THINK YOU SHOULD FOCUS ON. THAT IS WHAT I AM FOCUSED ON. MAKING OF THE PEOPLE SMILE AND MAKING OTHER PEOPLE HAPPY. JUST DOING POSITIVE STUFF. >>LAKERS OR CLIPPERS THIS YEAR? >>NEITHER. THE SACRAMENTO KINGS. >>I AM PART OWNER OF THE SACRAMENTO KINGS. >>[ LAUGHTER ] >>SMART. >>NO LAKERS, NO CLIPPERS, NO NEXT. >>>WHAT IS GOING TO GET THE KINGS THE EDGE? >>FOX IS FABULOUS. THEY ARE DOING A WONDERFUL JOB OF BUILDING THE TEAM. BUILDING A COACH. WE HAVE

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