“Wheel of Fortune” is finally going to get a new host. After more than 40 years, the U.S. gameshow’s main man Pat Sajak, 76, is stepping down, paving the path for a new person to lead the evening program. He’s just the face of an operation that has many moving parts, and whose value derives from luck as well as skill. Some of Wall Street’s longest-standing corporate bosses might want to watch what happens next.
Sajak started hosting the program in 1981, and a year later was joined by model Vanna White who has stayed with him since. As master of ceremonies, Sajak creates banter and guides the game, which requires players to spin a wheel, guess a letter, and solve a puzzle that resembles a crossword. White parades across the stage, making the letters appear.
The charade that unfolds nightly on traditional American television has similarities to Wall Street. Picking a stock involves some skill, much like solving a word puzzle, but rewards can be random. The combination of luck and skill also produces irregular and unfair outcomes. And the people who are the ringmasters of the operation – Sajak in gameshow world, or executives like JPMorgan’s
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