The founder and chairman of Netflix, the Democratic megadonor Reed Hastings, is stepping down from the company’s board in June "in order to focus on his philanthropy and other pursuits," the company announced late on April 16. Netflix stock price sagged on the news and was trading in the $94.50 range Monday afternoon, down from a close of $107.49 on the day of the announcement. Hastings, 65, owns about 21 million shares, which were worth more than $2 billion at the higher price, and less than $