Netflix co-founder: Stepping down as CEO ‘was probably the smartest decision I ever made' at the company [CNBC]
Solo Brands, Inc. (DTC)
Company Research
Source: CNBC
Stepping down as the company's first CEO helped the company prosper and go public, Randolph said during a podcast episode of “The Diary of a CEO with Steven Bartlett” earlier this month: “To put my ego aside for a bit was probably the smartest decision I ever made the entire time at Netflix.” In 1999, roughly a year and a half after the company first launched its website, Randolph's co-founder Reed Hastings knocked on his door, laptop in hand, and asked to talk, Randolph recounted. Randolph was shocked, and a little offended, when Hastings walked him through a PowerPoint presentation of his strengths and weaknesses as a CEO, he said. “We closed the computer, then proceeded to lay out that he was concerned, that he had seen minor errors in my judgment, that he questioned some of the hires I had made,” said Randolph. Hastings suggested that he take the reins as CEO, with Randolph stepping down into a COO role. In the moment, Randolph said, he was crushed: Netflix started as his i
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