Reed Hastings, the streaming giant's cofounder and executive chair, walked through five key elements of Netflix's corporate culture on the latest episode of "The Tim Ferriss Show."
Team, not familyNetflix is run like a top-tier sports team that aims to fill each position with the best person who's also a team player, Hastings said.
Stacking its roster with exceptional performers maximizes Netflix's chance of success and also motivates, educates, and draws in even more talent.
Advertisement"The reward for adequate performance is a generous severance package," Hastings said.
"Sometimes if to help them grow I've got to be willing to argue with my manager, then that's okay," Hastings said.
Persons:
—, Reed Hastings, Tim Ferriss, who's, Hastings, I've
Organizations:
Service, Business, Netflix