Netflix CEO Reed Hastings in the News

The Press-Telegram and the Mercury News cover the controversial Proposition 88 that would charge all property owners in California $50 to help fund education:

The measure would generate about $500 million by placing a $50 tax on every property in the state. The funds would go to specific K-12 education purposes, including class-size reduction, textbooks and school safety, plus facilities money for schools that have not received state bond funds.

The Mercury News has some backgroung information about Reed Hastings recent sale of Netflix stock at $23.66, Netflix CEO sells under Rule 10b5-1.

Just the week before, Netflix Chief Executive Reed Hastings exercised options to buy 2,500 shares for $1.50 each, which he then sold for $23.66 a piece, along with 7,500 shares owned by his family's trust. Hastings has bought and sold the same number of shares every week since late October under a trading plan filed last July with the Securities and Exchange Commission under Rule 10b5-1.