Today's Hard|Forum Post
Today's Hard|Forum Post

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.