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Monday, 10 October 2011

image for Netflix CEO to write textbook: 'What NOT to do when running a business'
Chapter 7 in Hastings' book: "Don't try to bring back reel-to-reel movie strips"

LOS GATOS, Calif.--Only in America can someone who has seriously screwed up a company in the last three months put a spin on things and get even richer.

Netflix CEO, Reed Hastings, whose sanity many have questioned in recent months, has released a statement, saying, "I've been approached by a reputable publisher who is interested a book about CEOs who consistently make the wrong decision."

With the working title, What NOT to do when running a business, it is believed that Hastings could write volumes just on his decisions from the past three months.

Sample chapter titles include "Don't raise your product's price by 60% overnight" and "Don't create two names and two websites for your company when one of each worked just fine".

Grumblings among board members include a suggestion that Hastings take a paid leave until he's finished his book.

Said one board member, "It's a conflict of interest to have him remain in his position making stupid decisions just so that he can add chapters on to his book."

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