Reed Hastings

And so if you are giving the terminated employee a big severance package, it makes it easier on everyone.

And so that's one of the hidden benefits of it.

The other is getting a release.

So, you know, Netflix has let go of many people.

And I mean, maybe there's a few employee lawsuits, but hardly any, again, because the severance package is bigger.

And then we generally don't do performance improvement plans, which are sort of a way to document the employee's poor performance so that you can win a suit.

Instead, why not just give them a check?

And there's so few people who get put on a PIP that then turn around.

I think it's a false system of legal protections that doesn't work.

And again, it's better to give them a generous severance package, have them sign a release, and help them on to their next challenge.

Well, again, we didn't use pips, but I would say, are there people who got into a rough spot and got out of it?

Absolutely.

And the more someone was a longer term employee, the more the rough spot was sort of

Yeah, I mean, that sounds like a long quote.

I would say it.

Let's tighten it up.

Look, manufacturing provided most of the GDP growth from the beginning of industrial age, so 1800 through to, I don't know, 1990.

200 years, manufacturing is providing the GDP growth.

Manufacturing is about consistency, about driving out error, about incredible process attention, replication, perfection.

It's not that there weren't ad agencies in the 1950s that were kind of kooky and crazy.