Netflix co-founder Reed Hastings will not seek re-election to the company's board.He is currently the chair of the streaming entertainment giant's board of directors."Reed Hastings has informed us that he will not stand for re-election to our Board when his current term expires at the Annual Meeting in June, in order to focus on his philanthropy and other pursuits," the company wrote in a recent Securities and Exchange Commission report.NETFLIX RAISES SUBSCRIPTION PRICES ACROSS ALL PLANS"Reed built a culture of innovation, integrity and high performance that defines who we are today. His visio...
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