NET FLIX NET : PRECIS

New release at Netflix : Corporate change. Recent memo highlights a company's culture : '' People Over Process.'' This could very well be the model they understood from The World Students Society. !WOW! .

But as Netflix grew, the concept of ' freedom and responsibility which they reduced to '' FNR, '' became weaponized by some employees as justification for doing whatever they desired.

One year an assistant expensed $ 30,000, according to a company official, because there was no rule saying that it wasn't allowed.

'' We care about freedom when it generates excellence, not for its own sake,'' Mr. Hastings said. '' In hindsight, this is the draft I wish we had 15 years ago.''

The World Students Society thanks Nicole Sperling.