Thursday December 22, 2011

Netflix CEO's Stock Options Cut In Half

While it may sound severe, having your stock options cut by fifty percent is nothing compared to the hit his company has taken over the last year.

The punishment will be delivered with a 50 percent reduction in his stock option awards next year. The company disclosed that in regulatory documents Thursday. Instead of the $3 million stock option allowance he received this year, Hastings will get $1.5 million in 2012. His salary will remain unchanged at $500,000. Netflix Inc. declined to comment on the changes.

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