Netflix CEO Ted Sarandos Ousts Executive Bela Bajaria

Ted Sarandos, Co-Chief Executive Officer of Netflix Inc., removed Bela Bajaria from her executive position on Wednesday, October 14. The decision followed two weeks of internal turmoil and months of speculation concerning Bajaria's job security.

Internal tensions reportedly intensified after a publicized meeting between Sarandos and HBO executive Casey Bloys. Bajaria had spent a decade at the company, which was performing well by conventional metrics at the time of her departure.