Reed Hastings Bio | Wiki
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 Hastings Age
Reed was born on October 8, 1960, in Boston, Massachusetts, in the United States. He is 62 years old. Reed celebrates his birthday on October 8, every year.
Reed Hastings Height
He is a man of average stature. Reed stands at a height of 5 ft 7 in ( Approx 1.7 m).
Reed Hastings Family
He was born in Boston, Massachusetts. Reed’s father Wilmot Reed Hastings served as an attorney for the Department of Health, Education, and Welfare in the Nixon administration, while his mother Joan Amory Loomis worked 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 Hastings Wife | Children
Reed is married to his wife Patricia Ann Quillin an 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 Hastings Education
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.
Reed Hastings Netflix
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.
Reed Hastings House
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.
Reed Hastings Book
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.
Reed Hastings Leadership Style
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.
Reed Hastings And Marc Randolph
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.
Reed Hastings Email
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.
Reed Hastings Quotes
– “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 Hastings Usa Today 1995 Porsche
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.
Reed Hastings And Patty Quillin
He married his wife Patricia Ann Quillin an 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.
Reed Hastings Salary
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 Hastings Net Worth
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.
Is Reed Hastings Married
Yes, Reed is married to his wife Patricia Ann Quillin an 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.
How Old Is Reed Hastings
Reed is a 62-year-old who was born on October 8, 1960, in Boston, Massachusetts, in the United States.
Who Is Reed Hastings
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.