TECH - Netflix Co-Founder Marc Randolph Reflects On Leadership And The 'Courage To Step Aside:' 'President Biden… Now Faces A Momentous Decision' | Benzinga
Netflix Inc. (NASDAQ:NFLX) co-founder Marc Randolph has shared his insights on leadership transition and the “courage to step aside,” drawing parallels with President Joe Biden’s current predicament.
What Happened: On Thursday, after Netflix reported its second-quarter earnings, Randolph took to X, formerly Twitter, and recounted his own experience from 25 years ago when he was the CEO of the streaming giant.
“As the co-founder of 5 startups, I know when it's time to step aside. President Biden, like I once did, now faces a momentous decision that will define his legacy,” he said.
His co-founder, Reed Hastings, suggested that Randolph step down as CEO and take on the role of COO, citing the company’s struggles under his leadership.