Netflix Again!

[Nords]

Quote:

Originally Posted by MichaelB Why a founder and owner needs stock options is not clear to me, but the the BoD must see a benefit.

The theory among venture capitalists is that it encourages him to stick around after they start telling him how to run his company.

Of course this theory is espoused by a bunch of guys who are spending their own shareholder's money and have no idea how to run the entrepreneur's company in the first place.

[freebird5825]

The plot thickens...I received an email with a link embedded, which of course I did not click on.

I typed the URL in by hand and found an interesting site detailing a class action suit.

https://onlinedvdclass.com/

[JPatrick]

Quote:

Originally Posted by freebird5825 The plot thickens...I received an email with a link embedded, which of course I did not click on. I typed the URL in by hand and found an interesting site detailing a class action suit. https://onlinedvdclass.com/

I got that as well.
The suit is legit, but I gather the payout possibly would be less than a dollar, unless you are part of the law firm of course.

[SpencerM]

Large class actions suits are rarely worth it, except to the lawyers. There are many of them, even entire firms, that specialize in finding the next CA filing. This is because they get 'weight' from the large class which usually results in a large settlement. Companies go for it as a strict PR and financial decision. Sad really.

Another reason to thank goodness I don't practice law!

[MichaelB]

Well, Reed Hastings, Netflix co-founder and CEO, is now paying the price for making some terrible decisions and executing poorly. His stock option grant for 2012 is only $1.5M, as shown in the recently filed 8-K Netflix, Inc. - Current Report and the total option value for the 5 man executive team is $6.6M. This amount is only half of what Mr. Hastings received in 2010.

In other words, Mr Hastings will earn more than $1M in new stock options if he manages to lead the company to the stock price it had a year ago. Netflix shareholders must be paralyzed with joy.