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☆ Reed Hastings says he kept losing money as an investor so he sticks to owning Netflix stock and index funds
  + stars: | 2024-04-05 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +3 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In late January, he gifted 2 million Netflix shares worth $1.1 billion to the Silicon Valley Community Foundation. The donation slashed his direct stake in Netflix by about 40% to just under 3 million shares — a position valued at about $1.9 billion. The tech veteran's net worth is still around $6 billion, as he holds 3 million Netflix stock options and has sold about $2 billion worth over the years, per the Bloomberg Billionaires Index. Hastings has also donated vast amounts of money to education providers like charter schools and historically Black colleges and universities (HBCUs).
Persons: —, Reed Hastings, Tim Ferriss, I've, Hastings, Warren Buffett, Ferriss, Buffett, priding, Charlie Munger, Hastings —, he's Organizations: Service, Netflix, Business, Berkshire Hathaway, Hastings, Community Foundation, Bloomberg
☆ New Netflix co-CEO Greg Peters is set for a big raise with more than $30 million in potential stock options and bonuses — on top of a $3 million salary
  + stars: | 2023-01-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: +2 min
As co-CEO Peters will receive an annual salary of $3 million, according to an SEC report. Peters could also receive more than $17 million in stock options and a $14 million bonus. According to a filing with the SEC, Peters will be raking in an annual salary of $3 million. Added to that, he'll get an annual stock option allocation totaling more $17 million and is also on track to receive an estimated bonus of more than $14 million. Added to that, Hastings will receive $2.5 million in stock options, the report notes.
☆ A key executive involved in Amazon's 'earth's best employer' initiative was investigated by the company after allegations that she created a hostile work environment
  + stars: | 2022-12-14 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +7 min
An executive involved in Amazon's "earth's best employer" initiative was recently investigated by the company after multiple employees alleged she created a hostile work environment, according to people familiar with the situation. Hastings' team of researchers, data scientists, and economists is generally tasked with studying and improving workplace culture across Amazon. The company's investigation lasted several months, much longer than the typical few weeks, seven people familiar with the investigation told Insider. We thoroughly investigate and take action where necessary," the spokesperson for Amazon told Insider. Those deemed to be underperforming are put into Amazon's Focus system.
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