Summary List Placement
When Netflix is faced with a big, agenda-setting decision, it convenes a special team of 23 business heads to debate the issue at hand.
This team helped shaped recent company moves, like the decisions to open an office in Canada and to invest $100 million in Black-led banks and financial institutions, a Netflix spokesperson confirmed to Insider.
The group known internally as the “Lstaff ” — the L stands for leadership — sits between the company’s officers and its larger executive staff of vice presidents and above that are called the “Estaff.”
Co-CEO Reed Hastings mentioned the Estaff in his recent book about Netflix’s corporate culture. They typically meet a few times a year for a full day during Netflix’s Quarterly Business Reviews, which are for employees that are director-level and above.
The Lstaff is more exclusive, made up of select department heads with diverse perspectives, backgrounds, and remits within the company.
It consists of Netflix’s eight C-suite execs including co-CEOs Hastings and Ted Sarandos, as well as other 15 other business leads like Maria Ferreras, who heads up business development; Minyoung Kim, vice president of content for, Southeast Asia, Australia, and New Zealand; and Vernā Myers, who leads inclusion strategy.
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Source:: Businessinsider – Tech