If you are a retail investor you need to eb wary.
Anything Carl ever did destroyed every shareholder in any company he came in on as he is a Corporate Raider and does not care about shareholders or even bondholders- ONLY his personal best interest.
Look what he did to United Airlines or CIT Group shareholders just to name a couple.
You don't like a plan to bankrupt a company to benefit certain stock holders?
Why not borrow billions give special dividend then sell of assets? RIP dell.
So his participation in Netflix was detrimental to the common shareholder?