Another and much greater disaster are the brains behind the changes at Netflix. Can you imagine sitting around the conference room table and brainstorming? Someone says, "Hey, I have an idea, let's raise the cost for streaming and DVD monthly rentals by 60%." Now, I was an avid Netflix fan for many years. Hopped on the bandwagon early on and as of August 31, hopped off. A million other people hopped off too. Netflix stock plummeted last week and has continued to take a hit. When I say plummeted, I mean it went down 50%. Makes me laugh, a little, that this is where we, the people, can make our voices heard. I actually can't remember such a huge corporate misstep. I am sure there have been, but the higher ups really miscalculated the strength of their market position. The outrage on the internet when Netflix announced the price hike was palpable. There was an uproar. Maybe Netflix is taking the heat for all the companies that have been screwing the public. To quote Peter Finch in Network, "I'm mad as hell and I'm not going to take it anymore." It was the easy protest. Hit the cancel button on the Netflix website. They make it so easy. Don't have to speak to anyone. Just move the cursor over "cancel my subscription." Done. So, shouldn't someone get fired for this corporate cataclysmic misstep? You'd think so, wouldn't you? It doesn't seem to work like that anymore. And, if someone does get fired, they get the largest golden parachute so it's more like "woohoo!" The average person not high up in corporate America, doesn't get it. If you do a crappy job, you should get fired, and don't let the door hit you on the way out, but in today's CEO market...do a bad job for the company, get fired, and get stinking rich.
Ah, America.
Right on, Diana!
ReplyDeleteThank you, Susan!
ReplyDeleteAnother incredible insightful rant!
ReplyDeleteHaven't been on FB for days so I'm catching up
On all that. Love your take as usual! xo