September 20, 2011
Fast Company reports this morning, “Splitting into two companies ‘was part of the natural progression Netflix has had in place for a long time,’ (according to) Steve Swasey, Netflix vice president of corporate communications.” The article continues, “And indeed, if you read Netflix CEO Reed Hastings’ blog post announcing the split, it becomes clear that [...]
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September 19, 2011
Reed Hastings, CEO of Netflix, sent a fantastic letter to his subscribers yesterday. It said something many of us in business could learn from — his very first line was, “I messed up. I owe everyone an explanation.” When we make mistakes, the best thing we can do is to admit it for our customers. [...]
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The downside of a good decision…
1 comment October 10, 2011This morning, CNN/Money is reporting that Netflix CEO Reed Hastings has decided to abandon the convoluted plan to separate the DVD from the streaming video aspects of the company — and also to kill the horribly named new business called Qwikster. The market is responding positively — as of this writing, shares in Netflix are [...]