While I am opposed to blatant armchair quarterbacking, we must be careful to avoid the "appeal to accomplishment" fallacy (http://en.wikipedia.org/wiki/Appeal_to_accomplishment), or any derivative thereof. Analysts can be justified in critiquing a CEO's strategies, even if they've never been CEOs themselves. Critics can knock a bad movie, even if they've never personally directed a movie. Sports commentators can critique a basketball player's performance, or a coach's call, even if they've never played or coached. Etc. You don't have to have done something in order to form a cogent opinion of it.
Of course, it is certainly unfair to label Reed Hastings an "idiot," or to claim that Netflix, as a whole, has "no idea" what it's doing. History has proven both of those positions wildly untrue, barring a few hiccups here and there.
Of course, it is certainly unfair to label Reed Hastings an "idiot," or to claim that Netflix, as a whole, has "no idea" what it's doing. History has proven both of those positions wildly untrue, barring a few hiccups here and there.