Netflix doubles down on CEO Reed Hastings' pay package
Netflix has doubled the compensation package CEO Reed Hastings will receive in 2013 over the current year, the streaming and video rental company revealed today in a regulatory filing.
Hastings will receive $2 million in salary and another $2 million in compensation through stock options, according to a document filed with the U.S. Securities and Exchange Commission. The increase is a significant pay bump over 2012, when Hastings received $500,000 in salary and $1.5 million in stock options.
The compensation increase would seem to represent renewed confidence in Hastings, whose stock option allowance was reduced in December … Read more