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Kindly postal expert Bill Henderson has been downmoted from the COO slot at Netflix, taking on the likely specious title of "strategic advisor" till his options vest or something. Quoth the tipster:

This ( below) was sent out on Friday to all employees. Bill Henderson has been in the job for all of one year, since he was already retired from the post office when netflix came calling last year it is a bit odd that after only one year he now is a "strategic advisor"... at least it wasn't special projects!! When you add that the BOD (SEC filings) just gave raises to Barry McCarthy, Reed Hastings and Leslie Kilgore and NOT Bill Henderson it's pretty obvious what happened here. He was only a hire to liason with the Post Office as the real operations work was done already and he had absolutely nothing to do except make sure the post office didn't try and screw netflix ...

Tiny memo after the jump.



Hi.

I've asked Bill Henderson to switch to become a part-time Strategic Advisor to me, and I've asked Andy Rendich to become interim head of operations. Both have accepted.

I"ll be starting a search for a new permanent head of operations. Typically it takes 4-6 months.

No doubt this is a surprise to you. We're on a great course, and Andy knows our operations inside out. I think he'll do an excellent job.

This is not confidential.

- Reed