On a Monday morning in early March, Reed Hastings, the billionaire co-founder and former chief executive of Netflix, clicked into the bindings on his snowboard and started off down one of the slopes at Powder Mountain, a ski area in Utah’s northeast corner.
He quickly veered off the groomed trail into some well-spaced trees, and as he made turns over bumpy snow, you could hear his edges scratch against patches of ice.
“But still not bad.”Despite the less-than-ideal conditions, Mr. Hastings, 63, seemed to be enjoying the perks that come with his new gig: ski area owner.
“I used to snowboard about 10 times a year,” he said.
“Now getting out is part of the job.”Last September, Mr. Hastings, bought a controlling interest in Powder Mountain for an undisclosed sum, inheriting more than $100 million in debt.
Persons:
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Organizations:
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Locations:
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