![]() ![]() "Sometimes they don't want to go," Stahl said, "but the keeper test says it's not worth keeping them? And therefore you have a reputation, this company, of being ruthless. And if not, we give them a very generous severance package and we let them go." If someone was leaving to go to another company, would we work really hard to keep them at Netflix? And if so, then they pass the keeper test. "We're trying to get the best players on the field at all times. ![]() "We run like a professional sports team," hastings said. It's called "No Rules Rules: Netflix and the Culture of Reinvention" (Penguin Press), and it spells out a highly-unorthodox management style that gives Netflix employees an unusual amount of freedom, and responsibility – offering unlimited vacation time, and paying top-of-the market salaries.īut in exchange, employees are subject to the "keeper test." Still, the guy who said he wasn't a good CEO has now co-written a book about how to manage a company. So, is he CEO material now? "Beginning to be. He told her then that he thought he was not CEO material, and that he needed to turn that over to somebody else. Stahl previously interviewed Hastings in 2006, when Netflix was primarily mailing little red envelopes of DVDs around the country. "Well, they're watching the wrong thing then, Lesley!" Sarandos laughed. We don't watch CBS as much! People say it's ruined their sex lives." ![]() It's changed our habits, it's changed our sleeping habits, we don't read as much. ![]() Stahl noted to Netflix's co-CEO Ted Sarandos, "You created this monster. ![]()
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