Posted Jan 22, 2023, 1:45 PMUpdated on Jan 22, 2023 at 1:58 p.m.
Far from becoming absent subscribers, Reed Hastings will be a well-present subscriber. The founder of Netflix puts the epithet “executive” on his cap as chairman of the board of directors, while passing the operational levers to two general managers, Ted Sarandos and Greg Peters.
Not only had he already taken a step back on a daily basis, but Wall Street knows the ability of corporate stars to make their “comeback” in the event of a hard blow, rival Walt Disney attests to this.
Leadership tandems, on the other hand, call for caution. Even at SAP, the last one only lasted 6 months. For this scenario, which has remained the exception, the organization makes all the difference, according to an article in the « Harvard Business Review » .
Apple and Amazon
However, financial investors consider Netflix well prepared. They also appreciate the calendar, the latest release better than expected which made it possible to make up for the delay accumulated over the past 5 years on American stocks.
His participation of about 2% places the new “Executive Chairman” in the 834th rank only of the world fortunes of “Forbes”. This should encourage him not to disperse himself, but his stripes of entrepreneurs allow him to refer to Steve Jobs and Jeff Bezos .
If we are to believe Bloomberg’s calculators, Netflix’s annual performance since its listing in 2002 (32% per year) is between Apple and Amazon (33% and 25%), far ahead of the American index (8. 5%).
Double (Netflix)
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