Reed Hastings Netflix Bio Wiki Age Wife Book Salary and Net Worth
Reed Hastings (Full Name: Wilmot Reed Hastings Jr) is a popular American billionaire businessman who currently works as the co-founder, chairman, and co-chief executive officer (CEO) of Netflix. He also sits on a number of boards and non-profit organizations. Before, Reed was a member of the California State Board of Education and is an advocate for education reform through charter schools.
He was also a director of Facebook, Inc. since June 2011. In September 2016, Reed was reported to own over US$10 million worth of Facebook shares. In April 2019, Facebook reported that Reed would leave the board as of May 2019.
Reed was born onOctober 8, 1960,in Boston, Massachusetts, in theUnited States. He is62 years old. Reed celebrates his birthday on October 8, every year.
He is a man of average stature. Reed stands at a height of5 ft 7 in( Approx 1.7 m).
He was born in Boston, Massachusetts. Reed’s fatherWilmot Reed Hastingsserved as an attorney for the Department of Health, Education, and Welfare in the Nixon administration, while his motherJoan Amory Loomisworked as a Boston debutante from a Social Register family who was repulsed by the world of high society and taught her children to disdain it. Reed’s maternal great-grandfather was Alfred Lee Loomis.
Reed is married to his wifePatricia Ann Quillinan independent film producer. The pair lives in Santa Cruz, California. Reed and his wife have two children whose names are not disclosed to the public.
He went to Buckingham Browne & Nichols School in Cambridge, Massachusetts, and sold vacuum cleaners door-to-door in a gap year prior to entering college. In 1983, Reed graduated from Bowdoin College with a Bachelor of Arts degree in Mathematics, which he found “beautiful and engaging”. In 1996, Reed attended Stanford University following being rejected from his first choice MIT, graduating in 1988 with a Master’s Degree in Computer Science.
In 1997, Reed and retired Pure Software employee Marc Randolph co-founded Netflix, offering flat rate movie rental-by-mail to customers in the US by combining two emerging technologies; DVDs, which were much easier to send as mail than VHS-cassettes, and a website to order them from, instead of a paper catalogue. Being headquartered in Los Gatos, California, Netflix has amassed a collection of 100,000 titles and over 100 million subscribers. Reed had the idea for Netflix after he left Pure Software. Reed said that when he created Netflix, he had no idea whether customers would use the service.
When Netflix grew, the company was noticed for its innovative management practices—the results of the culture Hastings was exploring—called “Freedom and Responsibility.” It reportedly offers mediocre employees large severance packages to ensure that employees are consistently serving to further the company’s innovative environment. Netflix has got rid of sick and vacation time for employees, and instead allows them to manage their time off individually.
Reed created an internal culture guide for Netflix by meeting with employees to talk about the company’s culture and employees’ theories about it. In August 2009, Reed posted this internal culture guide publicly online, and it finally became a pre-employment screening tool that dissuaded incompatible people from applying.
He is quietly building a mysterious 2,100-acre luxury retreat ranch nestled in the elk-filled foothills of the Rocky Mountains, Recode has learned. He seems to have spent more than $20 million on the project.
In September 2020, Reed and Erin Meyer co-authored a book on Netflix’s culture and management principles with interviews from current and previous employees. The book No Rules Rules: Netflix and the Culture of Reinvention was a New York Times bestseller, featured on year-end lists for publications like NPR and The Economist. It became shortlisted for the Financial Times and McKinsey Business Book of the Year Award.
He is notable for his hands-off approach to leadership, which offers employees high levels of autonomy but comes with a cost: elevated expectations as well as a culture of overly direct feedback that toes the line between critical and constructive.
He and retired Pure Software employee Marc Randolph co-founded Netflix in 1997, offering flat rate movie rental-by-mail to customers in the US by combining two emerging technologies; DVDs, which were much easier to send as mail than VHS-cassettes, and a website to order them from, instead of a paper catalogue.
One can email Reed via [email protected] (Netflix). How do I call Reed Hastings? Call Netflix CEO Reed Hastings at Netflix’s corporate office: 888-638-3549 (Toll-Free) or 408-540-3700.
– “Lead with context, not control,” and coaching your employees using such guidelines as, “Don’t seek to please your boss.” – “HIGH PERFORMANCE + SELFLESS CANDOR = EXTREMELY HIGH PERFORMANCE” – “that—no matter where you come from—when it comes to working across cultural differences, talk, talk, talk.” – “Só fale de uma pessoa aquilo que você diria na cara dela.” – “Farm for dissent,” or “socialize” the idea. For a big idea, test it out. As the informed captain, make your bet. And if it succeeds, celebrate. If it fails, sunshine it.” – “If you want to build a ship, don’t drum up the people to gather wood, divide the work, and give orders. Instead, teach them to yearn for the vast and endless sea.”
Reed appeared in a front-page article in USA Today in 1995, posing on his Porsche. He also considers that immature now and has said that if he ever appears on the front page of USA Today again it will “not [be] on the hood of a Porsche, but I would [pose] with a bunch of movies”. Reed sold his Porsche for a Toyota Avalon, but now drives a Tesla.
He married his wifePatricia Ann Quillinan independent film producer. The pair lives in Santa Cruz, California. Reed and his wife have two children whose names are not disclosed to the public. In 2020, Reed and his wife Patricia Ann Quillin donated $30 million to GAVI to support COVAX COVID-19 vaccines initiative.
He earns a satisfying amount from his work as a billionaire businessman who currently works as the co-founder, chairman, and co-chief executive officer (CEO) of Netflix. Reed’s average salary is$650,000.
Reed gets his wealth from his work as a billionaire businessman who currently works as the co-founder, chairman, and co-chief executive officer (CEO) of Netflix. Therefore, Reed has accumulated a decent fortune over the years. Reed’s estimated net worth is$3.4 billion USD.
Yes, Reed is married to his wifePatricia Ann Quillinan independent film producer. The pair lives in Santa Cruz, California. Reed and his wife have two children whose names are not disclosed to the public.
Reed is a 62-year-old who was born on October 8, 1960, in Boston, Massachusetts, in the United States.
Reed works as the co-founder, chairman, and co-chief executive officer (CEO) of Netflix. He also sits on a number of boards and non-profit organizations. Before, Reed was a member of the California State Board of Education and is an advocate for education reform through charter schools.
