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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
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Netflix’s new chief product officer also wants to engage your ‘second screen’—the phone you hold while watching TV

By
Emma Hinchliffe
Emma Hinchliffe
and
Joey Abrams
Joey Abrams
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By
Emma Hinchliffe
Emma Hinchliffe
and
Joey Abrams
Joey Abrams
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December 19, 2023, 8:49 AM ET
Eunice Kim, Netflix's chief product officer.
Eunice Kim, Netflix's chief product officer. Courtesy of Netflix
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Good morning, Broadsheet readers! Two women who rose the ranks together are poised to eventually replace JPMorgan CEO Jamie Dimon, a new Wall Street Journal investigation sheds light on Jeffrey Epstein’s abuse of young girls, and Netflix’s new chief product officer is part of a rare female CPO-CTO team. Enjoy your Tuesday!

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– What to watch. Netflix is entering a new era. The company is 26 years old, going back to its DVD-by-mail days, and its streaming operation is in its 16th year. The Hollywood strikes are settled. Last week, Netflix published significant viewership data for the first time—a long-awaited move by actors and creators.

One executive shaping the entertainment giant’s next chapter is Eunice Kim, Netflix’s new chief product officer. Kim joined Netflix from YouTube almost three years ago and was promoted to the C-suite job from her prior role as VP of product in October.

Now, she works alongside Netflix chief technology officer Elizabeth Stone in a rare female CPO-CTO team. As chief product officer, Kim is responsible for consumers’ TV app experience, mobile experience, search and recommendations, and commercial strategy, including pricing structure, ad-supported tiers, and the recent password sharing crackdown.

As Netflix strategizes for the coming decade and beyond, Kim is responsible for evolving the user experience. Netflix has started to introduce gaming and live broadcasts (including the much-delayed Love Is Blind reunion, a “humbling moment,” Kim says). A major focus is a more strategic approach to the “second screen,” or the phone that viewers often hold in their hand while watching TV. The Netflix mobile app has traditionally been a way to watch Netflix on mobile, no different than the TV app. But Kim sees the mobile app moving forward as a “Swiss army knife” to grab users’ attention in different ways.

Eunice Kim, Netflix’s chief product officer.
Courtesy of Netflix

After watching a show with a plot-twist ending, viewers could receive a mobile push notification that directs them to an explanation of the series’ finale. Fashion-inclined subscribers could use Netflix mobile to browse onscreen styles. Netflix could incorporate ads on mobile, rather than on the TV screen, to avoid interrupting viewers as much. Subscribers watching a competition show could vote with their mobile devices. Enhancing the mobile experience also allows for more personalization, compared to TVs, which tend to be communal devices, Kim says.

Onscreen, Kim wants the browsing experience to feel like “unwrapping a gift” when viewers find a new show. She collaborates with Netflix chief content officer Bela Bajaria when developing internal “content intelligence” for shows that predicts the “travelability” of content. “How far does South Korean content travel into the Philippines or to Latin America?” Kim explains. Those predications help the streamer make decisions about how many languages to translate a show into, for example. Netflix’s predictive technology can also determine a maturity rating for a series or pinpoint specific points in a show where viewers lose interest.

Kim arrived at Google (and then YouTube) in 2009 through the company’s acquisition of Like.com, an image-based search engine for shopping. Before that, she was a brand manager at PepsiCo. She was living in Chicago at the time and figured brand management in CPG was analogous to product management in tech, which was the job she actually wanted. At PepsiCo, she named new orange juice flavors for Tropicana. (She came up with “autumn red medley.”)

Leading Netflix’s product team is certainly more in line with what Kim set out to do. “Every role I’ve had at Netflix has been, quite frankly, the best job I’ve had in my career in the intellectual challenge of it,” she says.

Emma Hinchliffe
emma.hinchliffe@fortune.com
@_emmahinchliffe

The Broadsheet is Fortune’s newsletter for and about the world’s most powerful women. Today’s edition was curated by Joseph Abrams. Subscribe here.

ALSO IN THE HEADLINES

- Dimon's deputies. As JPMorgan's Jamie Dimon reaches the half-way mark of his five-year extension as CEO, succession talks center on two women likely to succeed him: Jennifer Piepszak and Marianne Lake. Bloomberg reports that Piepszak has emerged as the frontrunner, "clinching a series of promotions and building relationships with other senior executives." Meanwhile, Lake, still a contender, has entertained jobs elsewhere, at Wells Fargo and PayPal. Bloomberg

- Barra's engine stalls. GM CEO Mary Barra's unique background and focus on electric vehicles and driverless technology made her a needed breath of fresh air when she took over the automaker 10 years ago. Though profits are up over her tenure, a sluggish EV market and safety concerns at GM's self-driving car unit have marred her leadership. Wall Street Journal

- Epstein's inner circle. A new Wall Street Journal investigation details the ways in which New York financier Jeffrey Epstein groomed and abused young women even after his arrest for soliciting and procuring a minor for prostitution in 2008. A number of those women told the Journal that Epstein lured them into his circle by promising them career opportunities and meetings with high-profile men. Wall Street Journal

- Blizzard conditions. Activision Blizzard will pay more than $50 million to settle a lawsuit from former female employees who claim they weren’t provided equal pay or career opportunities because of their gender. Though the lawsuit initially claimed that executives ignored reports of sexual harassment at the video game studio, that claim was withdrawn. Activision denies all allegations made in the lawsuit. Reuters

- Inside LG. The widow and daughters of late LG chairman Koo Bon-moo are now suing the couple’s adopted son and LG executives for allegedly swindling them out of their full inheritance. The feud sheds light on South Korea's patriarchal values that often prioritize male heirs over women. The law firm representing Koo Kwang-mo, the adopted son, claims the dispute has been "legally settled" for four years. New York Times

MOVERS AND SHAKERS: Vibe named Raina Kelley as editor-in-chief. Spiritus hired Mindy Ren as head of carbon removal infrastructure.

ON MY RADAR

‘Millions of women are suffering who don’t have to:’ Why it’s time to end the misery of UTIs The Guardian

Why millennial women are embracing angel investing Fast Company

Return-to-office mandates are a disaster for working mothers Wall Street Journal

PARTING WORDS

"This is the first meaningful chance for compensation for these victims of ISIS."

—Attorney and activist Amal Clooney, who is representing more than 400 Yazidi-Americans in a lawsuit against Lafarge SA. The plaintiffs claim the conglomerate provided funds to support ISIS attacks on the Yazidi group.

This is the web version of The Broadsheet, a daily newsletter for and about the world’s most powerful women. Sign up to get it delivered free to your inbox.

About the Authors
Emma Hinchliffe
By Emma HinchliffeMost Powerful Women Editor
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Emma Hinchliffe is Fortune’s Most Powerful Women editor, overseeing editorial for the longstanding franchise. As a senior writer at Fortune, Emma has covered women in business and gender-lens news across business, politics, and culture. She is the lead author of the Most Powerful Women Daily newsletter (formerly the Broadsheet), Fortune’s daily missive for and about the women leading the business world.

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By Joey AbramsAssociate Production Editor

Joey Abrams is the associate production editor at Fortune.

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