Motley Fool Money The Power of Netflix
Jan 22, 2021
Netflix celebrates a remarkable surge with 8.5 million new subscribers, surpassing 200 million! Discussions also highlight the challenges faced by companies like Bank of America and IBM. Lumentum's acquisition of Coherent demonstrates trendsetting consolidation in tech. The merger of Fiat Chrysler and PSA Group births Stellantis, with a cheeky take on its new ticker. Dive into the enlightening feedback culture at Netflix, and discover investment insights featuring McCormick and Schrodinger as potential growth stocks!
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360 Feedback Dinners
- Erin Meyer discusses Netflix's 360 feedback dinners.
- These dinners involve teams giving each other open and direct feedback, sometimes with conflicting viewpoints.
Hastings Embraces Feedback
- Reed Hastings, CEO of Netflix, actively solicits feedback and celebrates it.
- An employee five levels below him once emailed him feedback about his dismissive behavior in a meeting, and he thanked her for her courage.
Radical Transparency at Netflix
- Netflix practices radical transparency, sharing financial data with employees before public release.
- This fosters a sense of ownership and responsibility among employees.
