A $3 million insider trading case tests Netflix’s culture of transparency ...Middle East

Quartz - Economy
A $3 million insider trading case tests Netflix’s culture of transparency
source : Quartz ( Middle East ) () 14
Netflix is routinely criticized for showing a certain lack of compassion to preserve its cutthroat company culture. Managers are pressured to apply a “keeper test” to their team members, and employees have apparently used the firm’s commitment to “radical candor” to shame peers.The streaming giant is also known, however, for trusting its employees. Expenses are not limited, for example, and the public company shares sensitive information internally. It even gives employees updates about subscriber growth—a number that investors use to make trading decisions about Netflix stock—before making it public.CEO Reed Hastings acknowledged he was tempting fate with this highly unusual practice in his

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