J&J Spins-off & Ray Dalio on Remote: “We’ve been given a gift”

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 12 November 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Big changes in big business. Johnson & Johnson is planning to split into two public companies. CEO Alex Gorsky tells Squawk Box’s Becky Quick why the decision to break off the brand-name-heavy consumer business from its prescription drug and medical device division will be “in the best long-term interest” of the company’s stakeholders. As companies continue to evolve, workplaces and traditional roles continue to change as well. CNBC’s @Work Summit examines the evolution of work since the pandemic began and ways innovative companies are finding and keeping the best workers, investing and developing creative solutions. Bridgewater Associates Founder Ray Dalio and former Netflix Chief Talent Officer Patty McCord spoke with Becky at CNBC’s At Work Summit to discuss how workplaces are changing -- and which buzzwords are dead! In this episode: Alex Gorsky, @JNJNews Ray Dalio, @RayDalio Patty McCord, @PattyMcCord1 Becky Quick, @BeckyQuick

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod. I'm C NBC producer Katie Kramer.
0:08.0	Today on our podcast.
0:10.0	A world of changes. Johnson and Johnson plans to split into two,
0:14.0	spinning its consumer health business off from pharma and medical devices,
0:17.8	CEO Alex Gorski.
0:19.4	I don't think I've ever in my 35-year career seen a more promising time and seen a greater
0:25.9	opportunity for acceleration and making sense and making it work with
0:31.0	investor Ray Dahlio.
0:32.5	There was so many tools today
0:34.7	that make it very clear how productive people are
0:38.0	and it gives them greater freedom to be productive in that way.
0:41.3	So I think the data and the technology
0:44.4	enables freedom and choice.
0:46.8	And Netflix, former chief talent officer Patty McCord,
0:50.0	who tells it like it is.
0:51.3	I applaud the death of the term best practices
0:55.4	and death of the term consistency
0:58.3	because we've started to realize that our workers are adults
1:01.7	and they come to work with very different circumstances.
1:05.0	It's Friday, November 12, 2021. Squawk Pod begins right now.
1:10.0	On today's podcast, we Now.
	...

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