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Marc Randolph stuck true to his Tuesday exception for the sake of his sanity. There has been a lot of chatter around work-life balance and big business tycoons often participate in such debates. Netflix co-founder Marc Randolph maintained a strict for over three decades to prioritize his personal life which helped him stay sane and retain perspective. Marc Randolph's rule was simple: every Tuesday at 5 p.m., he walked out—without any exception.The Netflix cofounder reflected on his decade-long ritual of exiting the office at the same time each week to spend the evening time with his best friend in an old LinkedIn post that is doing the rounds now. Whether it meant watching a film, dining out, or simply walking through town, those hours were non-negotiable for him. “I’ve worked hard, for my entire career, to keep my life balanced with my job,” Randolph wrote in the old post.“For over thirty years, I had a hard cut-off on Tuesdays. Rain or shine, I left at exactly 5 p.m. and spent the evening with my best friend. We would go to a movie, have dinner, or just go window-shopping downtown together.”ALSO READ: JPMorgan CEO Jamie Dimon reveals his hardline smartphone policy, says 'The only notifications I get are from...''No meeting, no conference call'Despite serving as chief executive of $467 billion entertainment giant Netflix for seven years, Marc Randolph stuck true to his Tuesday exception for the sake of his sanity. “Nothing got in the way of that,” Randolph said. “No meeting, no conference call, no last-minute question or request. If you had something to say to me on Tuesday afternoon at 4:55, you had better say it on the way to the parking lot. If there was a crisis, we are going to wrap it up by 5:00.”“Those Tuesday nights kept me sane. And they put the rest of my work in perspective.” Marc Randolph said that the philosophy behind that ritual “kept me sane” and helped him stay grounded in an industry known for its constant pace and pressure. Marc Randolph is a veteran Silicon Valley entrepreneur, who in 1997 co-founded the online movie and television streaming service Netflix.Live EventsALSO READ: What happened to Alex Vesia's baby? Social media abuzz after LA Dodgers pitcher shares heart-wrenching death post about his daughterWhat other CEOs think about work-life balanceMany business CEOs think work-life balance is impossible for big success and they take the opposite approach to Randolph’s work-life philosophy, believing that limitless dedication is key to success. Lucy Guo, cofounder of Scale AI, often begins her day at 5:30 a.m. and works until midnight. At just 30, she became a self-made billionaire thanks to her 5% stake in the $29 billion AI company — a success she credits to her relentless work ethic.“I probably don’t have work-life balance,” Guo told Fortune earlier this year—adding that those who chase it are probably in the wrong job. “For me, work doesn’t really feel like work. I love doing my job…I would say that if you feel the need for work-life balance, maybe you’re not in the right work.”Andrew Feldman, the cofounder and CEO of $8.1 billion AI chip company Cerebras, said it’s possible for workers to have a “great life” clocking in at 9 am and heading out at 5 p.m. However, if they want to launch the next unicorn company or generation-defining product, they won’t get very far working a traditional work schedule.ALSO READ: Jamie Dimon's bold AI forecast: JPMorgan CEO predicts workweek will shrink to 3.5 days, says 'People should stop...' “This notion that somehow you can achieve greatness, you can build something extraordinary by working 38 hours a week and having work-life balance, that is mind-boggling to me,” Feldman said on the 20VC podcast last month. “It’s not true in any part of life.” “The path to build something new out of nothing, and make it great, isn’t part-time work. It isn’t 30, 40, 50 hours a week. It’s every waking minute. And of course, there are costs.”The case for boundariesRunning nonstop has become a badge of honor for many CEOs, but some leaders are pushing back against the grind. JPMorgan’s Jamie Dimon has urged young business leaders to step away from work for the sake of their relationships and well-being. “You need to have work-life balance,” Dimon told students at Georgetown University’s Psaros Center for Financial Markets and Policy last year. “At JPMorgan, we tell our people to take care of their mind, body, spirit, soul, friends, and health. You really have to.”ALSO READ: Elon Musk's historic $1 trillion pay package: Tesla CEO's net worth to exceed GDP of seven countries? Check his fortuneWhole Foods CEO Jason Buechel shares a similar mindset. Despite traveling frequently and managing “a minimum of 10 meetings per day,” he uses all of his paid time off each year. He has also implemented company-wide changes to ensure employees at the $13.7 billion grocery chain take their full leave by limiting how many hours can be banked. Buechel told Fortune last year that the policy “really forces people to make sure they are taking PTO… and ultimately having a great work-life balance."Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onNetflix cofounder Marc RandolphMarc RandolphNetflixNetflix cofounder work life balanceMarc Randolph linkedin postMarc Randolph netflixMarc Randolph latest newsMarc Randolph news (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onNetflix cofounder Marc RandolphMarc RandolphNetflixNetflix cofounder work life balanceMarc Randolph linkedin postMarc Randolph netflixMarc Randolph latest newsMarc Randolph news(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless Explore More Stories123
