Hobson: Ariel Investments automatically rejects resumes from job-hopping candidates
Mellody Hobson · a16z Podcast | Mellody Hobson and Ben Horowitz Talk Investing, Career, and Star Wars! · Jan 2, 2019 · at 26:52
Mellody Hobson, President of Ariel Investments, explains Ariel's candidate filtering criteria during a panel with Ben Horowitz on long-term employee retention.
0:00 / 0:12exact quote · 12.6s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“So when we read resumes, we nix job hoppers. If you've had too many jobs, we throw out your resume. Because we say you're not going to be the person who comes and stays here.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Mellody Hobson
Hobson: Ariel Investments uses ex-CIA agents to train team on management questioning
“We actually use an organization called BIA Associates, Business Intelligence Advisors, ex-CIA agents, who help us in, in questioning.”
Hobson: Fox gave Lucas Star Wars sequel rights to hit quarterly earnings
“They gave him the sequel rights in order to make their quarter. To make their quarter. They were a million dollars off, which was George's fee.”
Hobson: Ariel buys companies at a 40% valuation discount or 13x forward earnings
“We want to buy companies when they're selling at a 40% discount to what they're worth. That, to us, creates a margin of safety for us. And or 13 times or less next year's earnings, which is why a lot of your companies don't fall into our purview unless somethi…”
Hobson: Bristow Group stock trades below the liquidation value of its fleet
“The stock is trading for less than all the helicopters if you sold them. Interesting thing about helicopters, they don't depreciate the way other vehicles do, because every five years you have to replace the engine and the rotor. You basically have a new helic…”