4 ms·

> While I'm sure Netflix would claim the same, I doubt McCord was expecting the axe to fall... Exactly. How likely is Hastings to adopt that standard if he kn

• sib 10y ago
  Since Reed owns a very small share of Netflix (less than 5%), the Board could very well do that if they felt he wasn't performing. He doesn't have the same level of control that a Zuckerberg does.
• dragonwriter 10y ago
  > How likely is Hastings to adopt that standard if he knew that it would apply to him too? He probably knows it applies to him whether or not he adopts it for people below him: CEOs usually have contracts that not only state that a "if you decide you don't want me, you write me a big check to go away" policy applies to them, but actually spell out in fairly precise terms how big of a check that is.
  • zeveb 10y ago
    Which implies that really, Netflix extends the same courtesy to all employees. Which is pretty awesome. Not being a good fit is a fact of life; having a cushion to find your next position is pretty nice.
    • rpgmaker 10y ago
      The amount the employee gets may be generous but seems to be arbitrary while the CEO's contract specifies clearly how much he or she will be owed. It certainly beats just getting the boot with no money.