""Reed built a culture of innovation, integrity and high performance that defines who we are today. His vision and leadership pioneered how the world is entertained, and his legacy and impact are not only felt by all of us at Netflix, but by audiences around the world.""
""My real contribution at Netflix wasn't a single decision. It was a focus on member joy, building a culture that others could inherit and improve, and building a company that could be both beloved by members and wildly successful for generations to come.""
Reed Hastings, cofounder of Netflix, will depart from the company in June and will not seek reelection to the board. He plans to concentrate on philanthropy, including a $1.1 billion donation to the Silicon Valley Community Foundation and the Hastings Initiative for AI and Humanity. Hastings emphasized his focus on member joy and building a culture at Netflix. His successors, Greg Peters and Ted Sarandos, acknowledged his significant contributions and ongoing influence on the company's direction and values.
Read at www.businessinsider.com
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