Adrian Cockcroft, Netflix's cloud architect, posted his notes from #defrag where he explains how Netflix gets out of the way of innovation.
If you haven't experienced a high performance culture, think about what it's like to drive flat out at a race track. Some people will be too scared to deal with it and drive around white knuckled at 40 mph, some will be overconfident and crash on the first corner, but for people who fit into the high performance culture it's exhilarating to push yourself to go faster each lap, and learn from your peers without a speed limit. When you take out the BS and friction, everyone gets so much more done that productivity, innovation and rapid agile development just happen. This is the key message, removing obstacles to a high performance culture is how innovation happens throughout an organization. Doing less to get more.
Cockcroft explains the pay, bonus, stock, management structure, and vacation perks:
We don't pay bonuses. We don't have grades other than senior engineer, manager, director, VP. We don't count the hours or the vacation days, we say "take some". Once a year we revise everyones salary to their peers and current market rate - based on what we are paying now to hire the best people we can find.
The whole story is interesting, and he has some interesting streaming recommendations mixed in with the story.