Friday December 28, 2012

Netflix Doubles CEO's 2013 Salary

Tanking your company's stock gets you double the salary? You have to be kidding me. Someone please tell me this is a joke. eek!

Netflix Inc doubled Chief Executive Reed Hastings's 2013 salary to $4 million, the video rental company disclosed in a regulatory filing. Of the $4 million, Hastings will receive half in cash and half in stock options. This compares to $500,000 in cash and $1.5 million in stock options the company gave its CEO for 2012.