Netflix plans 50 pct pay hike for CEO HastingsDecember 31st, 2013 in Technology / Business
Netflix Chairman and CEO Reed Hastings is getting a 50 percent pay bump in 2014 after a year in which shares of the online video subscription company quadrupled to an all-time high.
A regulatory filing shows that Hastings' annual salary will climb from $2 million to $3 million next year, and his annual stock option allowance also will rise by $1 million to $3 million. The $6 million in total pay compares to $4 million in 2013, when his pay doubled.
Netflix Inc. shares hit an all-time high price of $389.16 in October after ending 2012 at $92.59.
© 2013 The Associated Press. All rights reserved.
"Netflix plans 50 pct pay hike for CEO Hastings." December 31st, 2013. http://phys.org/news/2013-12-netflix-pct-hike-ceo-hastings.html