Profiles of Remarkable Businesses (Collection) by New Word City

Author:New Word City [City, New Word]
Language: eng
Format: epub, mobi
Publisher: FT Press
Published: 2010-06-30T05:00:00+00:00

Staff members are told to “take as much vacation as you want.” Micromanaging is out—people are free to do whatever they do best, and do it their way. They decide how much of their compensation to take in cash versus stock—and their salaries are substantially higher than the Silicon Valley norm.

In return, Hastings expects ultra-high performance and total dedication to Netflix goals. “At most companies, average performers get an average raise,” Hastings told BusinessWeek. “At Netflix, they get a generous severance package.” It’s kept generous to make it easier for his managers to fire people.

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