Corporate governance in two paragraphs:
Netflix shareholders voted on Thursday to reject the lucrative pay packages of the company’s leaders, including the co-chief executives Ted Sarandos and Greg Peters.
The vote is nonbinding and can be overruled by the company’s board of directors the next time it meets.
I don’t follow my newsletter’s ((https://brisebois.substack.com)) stats. I put out what I think is useful information for my readers and they comment on what works and what doesn’t. Also, I often post links to articles that readers themselves send me (keep ’em coming!).
I don’t follow my newsletter’s stats but I received an email from the platform that one link in particular in last month’s newsletter was clicked a lot more than others. It is to an article in Fortune by Laura Vanderkam ((https://fortune.com/author/laura-vanderkam/)) titled “Working from home poses serious dangers for employers and employees alike.” It seems to have hit a nerve, what with people working from home ((https://richardbrisebois.com/2020/05/29/a-friendly-reminder/))…
Here’s Laura’s answer:
Netflix isn’t the real danger. The real danger is that without a physical separation between work and the rest of life, people won’t ever stop working—risking burnout, which has huge costs for employees and their organizations. Wise managers address this, rather than worrying that people will slack the second they aren’t being watched.
Asking employees how they are –how they really are– goes a long way in building rapport and establishing credibility.
Fact: Margins at the DVD business are expected to be around 50 per cent next quarter, and account for four-fifths of domestic profit. Margins for streaming are at about 8 per cent.
Strategy: Heavier focus on streaming.
Price change and service changes in quick succession… and the ensuing customer dissatisfaction.
An excellent current-events case to bring to the classroom.
via the netflix blog:
I messed up. I owe everyone an explanation.
It is clear from the feedback over the past two months that many members felt we lacked respect and humility in the way we announced the separation of DVD and streaming, and the price changes. That was certainly not our intent, and I offer my sincere apology. I’ll try to explain how this happened.