Netflix CEO Reed Hastings' Salary Will Double In 2013
LOS ANGELES (AP) — Netflix CEO Reed Hastings' pay will double to $4 million next year, after he took a pay cut due to management missteps this year. Hastings' annual salary will rise to $2 million in 2013 and he will get $2 million in stock options,
He's getting $4 million, up from $2 million this year.
Netflix (NASDAQ: NFLX ) CEO Reed Hastings will see a sizable increase in compensation in the new year, according to an SEC filing the company made on Friday. Hastings will receive $2 million in pay for the year, a fourfold increase from the $500,000 he
When the streaming-video site Netflix suffered an outage on Christmas Eve, millions of Americans confronted the terrifying possibility of an evening of spent talking with their relatives instead of re-watching Die Hard.
He's getting $4 million, up from $2 million this year.
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