Netflix CEO joins Microsoft board
ENT News | at | by Mike
Microsoft announced it has expanded the company?s board by one seat -- from nine to 10 -- and elected Reed Hastings, 46, chairman and CEO of Netflix, to fill the new spot. Hastings has also been appointed to the finance committee.
At the meeting held Monday, the board of directors also declared a quarterly dividend of $0.10 per share, payable June 14, 2007, to shareholders of record on May 17, 2007. The ex-dividend date will be May 15, 2007.
Hastings founded Netflix in 1997, and the company had 6.3 million subscribers by the end of 2006, more than doubling over the last two years.