Postcards

How the power players do it - by Fortune senior editor at large Patricia Sellers

The man who became Fortune's Businessperson of the Year

November 19, 2010: 12:37 PM ET

by Patricia Sellers

I have to admit that even among Fortune staffers, most of us predicted that Apple (AAPL) CEO Steve Jobs or Ford's (F) turnaround chief, Alan Mulally, would be selected as the magazine's Businessperson of the Year.

What a surprise that No. 1 on the list is Reed Hastings, the founder, chairman and CEO of Netflix.

Hastings is a great choice, actually. The 50-person ranking is about 2010's top movers and shakers. No question, Hastings and the company he started in 1997 have moved. Netflix (NFLX) shares are up more than 200% since January, vs. the S&P 500's 7% gain. And as the just-released Fortune cover story on Hastings says, Netflix stock has run laps around Apple's.

No question too, Hastings is shaking things up. Netflix has upended the movie distribution business. It threatens the cable giants. And Hastings has had the guts to compete against himself--to cannibalize his own business and reinvent Netflix.

Over the years, I've come to know Hastings a bit. Trust me, he's also a really good guy. Way back when, before he got interested in business, he served in the Peace Corps, teaching math in Swaziland. When he came back to the U.S., he earned his master's degree in computer science at Stanford. Then he decided to become an entrepreneur--starting a software company that made him a bundle of money but was, in his view, culturally dysfunctional. That experience gave Hastings theĀ  lessons in leadership plus the kind of humility you need to be great CEO today.

A year ago, Hastings wrote a Guest Post for Postcards about one of his early lessons in leadership lesson at another messed-up startup. You can click here to pick up a few pointers and to get a sense of the man who is now Fortune's 2010 Businessperson of the Year.

Join the Conversation
Fortune's Most Powerful Women
Fortune's Most Powerful Women For the latest on the most influential women in business, philanthropy, government, and the arts, like us on Facebook.
Guest Posts
Fortune Most Powerful Women Fortune Most Powerful Women The rolodex that redefined power
Profile in The Washington Post
Sheryl Sandberg: Sheryl Sandberg: Don't leave before you leave
COO of Facebook
Gina Bianchini Gina Bianchini The Steve Jobs route to building a startup
Founder of Ning and Mightybell
Video
CEO Marissa Mayer on God, family, and Yahoo In her first public interview since taking on the CEO gig at Yahoo, Marissa Mayer outlines her priorities both in and out of the company. Watch
Former Sara Lee CEO on her stunning recovery Brenda Barnes famously quit a big job to be with her kids. Years later, a massive stroke nearly killed her--and her daughter returned the favor. Watch
About This Author
Pattie Sellers
Patricia Sellers
Senior Editor at Large, Fortune
Executive Director of MPW/Live Content, Time Inc.

Fortune senior editor at large Pattie Sellers has written some of Fortune's most talked-about cover stories, including "Marissa Mayer: Ready to Rumble at Yahoo," "Oprah's Next Act," "Can Meg Whitman Save California?" "The $100 Billion Woman" (Melinda Gates), and "Remodeling Martha" (Martha Stewart). She has helped oversee Fortune's "Most Powerful Women in Business" package every year since its launch in 1998. Pattie is Executive Director of the Fortune Most Powerful Women Summit, the preeminent gathering of women leaders in business and beyond. She oversees MPW programs that enable women leaders to extend their influence and empower the next generation—such as Fortune MPW Entrepreneurs and the Fortune-U.S. State Department Global Women Leaders Mentoring Partnership. Beyond her Fortune duties, she is also developing Live Content across Time Inc. Pattie grew up in Allentown, PA, graduated from the University of Virginia, and started at Fortune in 1984. Her blog, Postcards, is about how power players lead, manage others, and navigate their careers.

Email Pattie Sellers | Welcome to Postcards.
Subscribe: RSS feed | email newsletter
MPWomen go Global

The Fortune/U.S. State Department Global Women Leaders Mentoring Partnership brings rising-star women from countries around the world to the U.S. for three-week mentorships with participants of the annual Fortune Most Powerful Women Summit - among them Ursula Burns of Xerox, Laura Lang of Time Inc., Marissa Mayer of Yahoo, and Tory Burch.

Read more

Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.