Gary Vaynerchuk on CNBC Power Lunch

Gary states allowing uh online gambling is this inevitable is it the next big thing in the gaming business yes yeah I mean that's it's a you know this is great I mean revenue for states saves us some tax dollars it's happening anyway it's time for us to be on the offense on this issue I mean the percentage new jerseyy is taking is 15% instead of the eight I mean this is great but an awful lot of the uh Old Line Casino operators including I believe Sheldon adelon are taking the position that oh by the way the record companies took a couple decades ago this is a bad idea of course he's protecting his game I get that I respect that too but this technology movement is inevitable it's time for him and everybody else that's getting hurt by it jumping on the offense all right embrace the future don't run away from it sue next to you we're going to talk about CEO turnover at a 5-year High 43 S& P companies working under new CEOs this quarter are they Jumping Ship are getting shoved out sh Gary yeah shoved is it the activist is it a tougher board is it activist shareholders maybe it's all of the above I really honestly so I think it's the world is changing and we've got an enormous amount of people in place right now that grew up with traditional B school training lots of gals and guys with that training who are not adjusting to the insane speed of change in marketplaces and the boards are starting to realize that they don't want to end up looking like Blockbuster you know and also a lot of boards have been accused of being too soft not being activist enough and being too chummy with the CEO with all due respect to the boards they look a lot like their CEOs and that's the problem