Netflix CEO on paying sky-high salaries: ‘The best are easily 10 times better than average’

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Here's how Netflix CEO Reed Hastings hires: Find 'one tremendous person to do the work of many' —and what he's willing to pay. (via CNBCMakeIt)

that took place in a basement in Santa Monica, California. At 6:30 a.m., nine trainee programmers were led into a room with dozens of computers. Each was handed a manila envelope, explaining a series of coding and debugging tasks they would need to complete to their best ability in the next 120 minutes.

This study has caused ripples across the software industry since it was published, as managers grapple with how some programmers can be worth so much more than their perfectly adequate colleagues. Over the years, I've come to see that the best programmer doesn't add 10 times the value. He or she adds more like a 100 times., whom I worked with while on the Microsoft board, purportedly went further. He is often quoted as saying, "A great lathe operator commands several times the wages of an average lathe operator, but a great writer of software code is worth 10,000 times the price of an average software writer.

In 2003, we didn't have much money but we had a lot to accomplish. We had to think carefully about how we'd spend the little we had. We determined that for any type of operational role, where there was a clear cap on how good the work could be, we would pay middle of market rate.

 

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MakeIt When something is beyond moderate, it’s called greed.

MakeIt Cancel cuties

MakeIt Burn out talent until they've given all they got to the company and then move on.

MakeIt Oh

MakeIt Netflix is the company that recently released Cuties, right? why do I care about the CEO’s hiring practices when they don’t preclude hiring children for that film?

MakeIt Pedophile? You’re hired!

MakeIt 👁️

MakeIt Pedophile

MakeIt Netflix is absurdly overvalued with a Price-to-Earnings ratio of 70.36

MakeIt What salary do they pay the pedos?

MakeIt Dump netflix....

MakeIt Must be a pedophile to apply, so frigging nasty wtf is wrong with people

MakeIt Hope you pay all of those artists and filmmakers who actually make the stuff and not just the monkeys in the suits.

MakeIt reedhastings paying for more click bait! lmao... $NFLX is done short term! CancelNetflix netflix

MakeIt Not as rich as me. These fools are broke because they don’t understand good investments $NKLA, $GE, and $JCP are big winners in my book! Uge!

MakeIt

MakeIt I canceled Netflix today over their release of cuties. Very disturbing!

MakeIt 😂

MakeIt

MakeIt Doesnt this guy have child porn

MakeIt BREAKING: GavinNewsom and netflix blame the release of Cuties on climate change. algore backs their conclusion, because “science”.

MakeIt And that's what I did do

MakeIt Who ever does Netflix's PR is working overtime. Puff piece after puff piece.

MakeIt Dude is a pedophile and no one should support that disgusting criminal sickness.

MakeIt Big storm coming with the underage girl revealing her breasts. They had to know this was a stupid idea when it was approved?

MakeIt why are you pushing paedophilia? as a survivor, it kinda bothers me ...ALOT

MakeIt cancelNetflix

MakeIt Gotta love their culture deck

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MakeIt Is this a paid advertisement?

MakeIt Bahamian

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MakeIt Child porn pedophilia Cuties pays big money for Netflix. Where's the Obama's, where's the Democratic party?

MakeIt But what about the child porn

MakeIt Short $NFLX. The company is worse than Jeffrey Epstein. How the CEO can allow such vile movies to be hosted on their platform says a lot. Bears will destroy this stock.

MakeIt This is true

MakeIt Its true and applies to almost anything

MakeIt They promote and sell child porn

MakeIt cancelnextflix

MakeIt cancelnextflix

MakeIt Why?

MakeIt Sounds like slave labor

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