CEO

According to reports billionaire entrepreneur and founder of Amazon, Jeff Bezos, will be moving out of his roll as Chief Executive Officer of the company. In a letter to the company's employees, Bezos explained that he would be moving into an Executive Chair position on the company's board.

In the wake of unpopular rate increases that caused customers to cancel subscriptions in droves and resulted in the company stock nosediving, Netflix CEO Reed Hastings apologized in a blog post on Sunday. “I messed up,” he said. “I owe everyone an explanation … In hindsight, I slid into arrogance based upon past success.”