Netflix Doubles CEO Hastings’ Compensation to $4 Million
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Netflix Inc., the world’s largest video-subscription service, doubled the annual compensation of Chairman and Chief Executive Officer Reed Hastings to $4 million.
Hastings, 52, will receive $2 million in salary in 2013, along with $2 million in stock options, according to a regulatory filing today by the Los Gatos, California-based company. The executive received a $500,000 salary this year and $1.5 million in option allowances, a reduction in stock compensation from 2011.