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Seidman says a two-way conversation connecting with colleagues, customers and stakeholders is vital in today's corporate world. He uses Netflix as an example after they lost 800,000 subscribers after increasing prices without explanation. Netflix CEO Reed Hastings said afterwards: "We have done very well for a long time...without doing much CEO communication."
Seidman says a two-way conversation connecting with colleagues, customers and stakeholders is vital in today's corporate world. He uses Netflix as an example after they lost 800,000 subscribers after increasing prices without explanation. Netflix CEO Reed Hastings said afterwards: "We have done very well for a long time...without doing much CEO communication."

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A CEO can't really get a promotion, but Netflix CEO Reed Hastings is getting a $3 million raise. And it turns out Zappos.com employees don't even need promotions -- the company did away with formal job titles. Christine Romans is Founder and President of this week's Money Time.

Movin' on up, it's Money Time!

A CEO can't really get a promotion, but Netflix CEO Reed Hastings is getting a $3 million raise. And it turns out Zappos.com employees don't even need promotions -- the company did away with formal job titles. Christine Romans is Founder and President of this week's Money Time.