Wednesday, January 2, 2013

Netflix CEO gets pay bump after 2012 cut

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, according to a securities filing Friday.

That's up from a salary of $500,000 and $1.5 million in stock options for 2012.

Hastings' total pay for 2012 was down 43 percent from $3.5 million in 2011, when some controversial decisions, including a steep price hike on subscriptions, sent the stock spiraling. It fell from a high above $300 to a low below $70 per share.

This year, shares are up 29 percent, closing Friday at $89.33. Recovering from the missteps, the company expects to add around 5 million U.S. subscribers, to between 26.4 million and 27.1 million by the end of the year.

Source: http://news.yahoo.com/netflix-ceo-gets-pay-bump-2012-cut-012306543--finance.html

Election Coverage 2012 the blaze Linda McMahon Voting Results 2012 pbs ron paul Cnn Electoral Map

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.