Netflix CEO gets cash streaming: salary quadruples for 201312/30/2012
Netflix CEO Reed Hastings will quadruple his salary in 2013, which customers will likely feel great about next time the streaming site next goes down, like it did Christmas Eve. This time last year, Hastings had his stock options slashed in half (down to a mere $1.5 million), after a botched subscription price hike sent customers running for the exits — and sent the stock price tumbling 70 percent. But despite the company’s ticker price remaining low throughout 2012, it seems the company's board thinks Hastings has suffered enough. Hastings’ salary will jump from $500,000 to $2 million, and his stock options will rise from $1.5 to $2 million. Now, that's a pay bump anyone would give five stars. [Source]
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