Netflix founder named to Microsoft's board

[OhioChick]

Source: The Seattle Times

Tuesday, March 27, 2007

The newest member of Microsoft's board of directors is an entrepreneur who created a new way of delivering videos to consumers.

Reed Hastings, founder, chairman and chief executive of Netflix, the DVD-by-mail video-rental service, is joining the 10-member board representing Microsoft shareholders, the company announced Monday.

Microsoft has had nine directors since Ann McLaughlin Korologos stepped down in November.

In the same announcement, Microsoft declared a quarterly dividend of 10 cents a share, payable June 14 to shareholders of record on May 17. It is the third quarter in a row the company has issued a 10-cent dividend.



Read more: http://seattletimes.nwsource.com/html/businesstechnology/2003637478_msftboard27.html

[Ian David]

1. He arrives at board meetings in a red envelope. n/t

[OhioChick]

5. And...

Sometimes, missing his white sleeve.

[Cha]

2. netflix sure has an amazing

website.

[blitzen]

3. the dude was in my class in college....

a small college--but I didn't know him and just learned about it from reading the Alumni mag

[Courtesy Flush]

4. That explains it

NetFlix now offers streaming movies, but only on Win XP and Vista with IE7. Forget it if you run a Linux or Mac.