A sports fantasy too big to fail: Regulate, don’t eliminate, daily fantasy competitions — Ben Shields

MIT Sloan Lecturer Ben Shields

MIT Sloan Lecturer Ben Shields

From NY Daily News

New York sports fans may not care to admit it, but Brady Nation is getting it right with their approach to regulating the daily fantasy sports industry.

Last month, Massachusetts Attorney General Maura Healey announced a draft of regulations for fast-growing but now embattled daily fantasy sports services like DraftKings, FanDuel and Yahoo. Among the proposed measures, the state would institute a 21-year-old age limit, prohibit employees, professional athletes and other insiders from playing the game, and require those ubiquitous advertisements to better inform and safeguard consumers.

These proposed regulations are appropriate and necessary for two reasons. First, they embrace a mainstream cultural and business phenomenon without trying to outlaw it. Second, they do so while protecting the integrity of fantasy games at a critical juncture in the nascent industry’s history.

For starters, the regulations recognize and accept the remarkable influence of fantasy sports, in both the daily and “traditional,” season-long formats, on the modern sports fan’s experience. Much has changed since the first known fantasy football league, the Greater Oakland Professional Pigskin Prognosticators League, launched in 1963.

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The most rotten part about Thanksgiving Day — It’s time for America’s retail industry to change its ways — Zeynep Ton

MIT Sloan Visiting Prof. Zeynep Ton

MIT Sloan Visiting Prof. Zeynep Ton

From Fortune

This year, all kinds of holiday shopping traditions are being upended as desperate retailers do everything they can think of to increase sales. On what’s being called “Gray Thursday,” retailers like Walmart WMT 0.85% , Toys“R”Us, Target TGT 0.37% , and Kmart are giving shoppers the jump on Black Friday by opening on the evening of Thanksgiving, presumably after you’ve had enough turkey and cranberry sauce. JC Penney JCP 1.57% is opening even earlier — at 3 p.m.

This is a rotten break for employees forced to work while the rest of the family gathers together, as I point out here. REI, the outdoor sports and gear retailer, seems to be taking another approach, closing its 143 outlets on bothThanksgiving AND Black Friday. This move may earn REI a lot of publicity and goodwill. It is also consistent with the company’s brand as an environmentally concerned business and its “get out there” message: In this busy world, you don’t get enough time with your family or with nature. Why not use the holiday to enjoy the very things that REI promotes? You can always shop for our products later.

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Three ideas on fixing the troubled MBTA — Steven J. Spear

MIT Sloan Senior Lecturer Steven Spear

MIT Sloan Senior Lecturer Steven Spear

From The Boston Globe

After the T’s recent collapse, the Globe asked management specialists at local business schools for recommendations to put the system on track (and maybe on time).

Steven J. Spear: Anticipate problems, then practice responses

The MBTA was walloped by January’s and February’s snow, and capital, technological, and urban planning ideas are being floated to prevent future disruptions.

For instance, the Commonwealth acquired two snow melters capable of processing 100 tons per hour to clear tracks and streets. There will certainly be calls for fleet modernization and maintenance, given the blame assigned to older equipment. Longer term planning has a role in ensuring the right type of vehicles are purchased and available to meet commuter needs.

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How to turn an internship into a job offer — Sue Kline

Senior Director, Career Development Office, MIT Sloan

Senior Director, Career Development Office, MIT Sloan

From Financial Times

First and foremost, they want to see if you are able to accomplish the tasks put in front of you. Beyond that, they want to determine if you fit with the company. Do you interact well with colleagues and managers, and understand the company’s culture?

For example, in a culture where there is a lot of collaboration and you are not a team player, you are giving a signal that you do not understand how things work. If everyone goes to lunch once a week as a group and you decline because you are focusing on a task, then that is another signal.

Ask yourself: are you paying attention to the norms of the company?

Is networking important for an intern?

Networking is a critical part of what is, in essence, an eight or 10-week interview. It is through building relationships over time that you have the opportunity to get to know people and learn from them, as well as let them get to know you. This is a chance for them to see the value you bring to the organisation. This is important because hiring decisions are rarely made by one person alone. It is common for companies to ask for feedback from several people to determine if you will receive an offer.

Read the full post at the Financial Times.

Sue Kline is the senior director of the Career Development Office at MIT Sloan. 

Making paternity leave pay — Leigh Hafrey

MIT Sloan Senior Lecturer Leigh Hafrey

MIT Sloan Senior Lecturer Leigh Hafrey

From WBUR Cognoscenti

The spring of 1988 lives in my memory in one abiding scene: My son, Nathaniel, aged 20 months, is toddling briskly down a path in Harvard Yard. He is about 20 feet ahead of me. I run to catch up to him, and, when I do, he chortles, maybe because he thinks he has outpaced me, maybe because he knows he hasn’t. I kneel down to tuck in his shirt, and an acquaintance of mine walks by, beaming. “Happy father,” he says.

The previous fall, my wife, Sandra, then an assistant professor at Harvard, and I had returned to Cambridge from New York. I was on leave from my job at the New York Times Book Review and divided my time between a visiting fellowship at Harvard and looking after Nathaniel. Effectively, I was on unpaid paternity leave. At night, when I put him to bed at 8 o’clock and lay down alongside him to help him settle, I was asleep within two minutes of my head hitting his pillow. It was one of the best years of my life.

While the benefits of paternity leave are well documented, few of my MBA students at MIT Sloan discuss the possibility. They are a highly motivated, ambitious and focused lot. When they imagine their futures, they talk about what they want to achieve, how they will rise through the ranks of their organizations or start companies of their own. They plan to make money and/or do social good, and they recognize, without visible ambivalence, the likelihood that they will belong to the “one percent” in five to 10 years — even as, in many cases, they have six figures’ worth of student loans to pay off.

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