Netflix CEO Reed Hastings’ Salary To Get 50% Bump To $3M In 2014

James

DTVUSA Member
#1
Looks like Hastings is in for a big bump in pay.

Matt Burns from Tech Crunch reports that "the Netflix CEO will get a healthy pay raise in 2014. According to a regulatory filing, Reed Hastings’ annual salary will jump to $3 million, up from the $2 million he earned this year. His annual stock option allowance also improves to $3 million from the current level of $1 million.


It’s hard to argue against the pay increase. Netflix had a great 2013. The stock price is up 296% on the year. It’s trading around an all time high of $365. The stock was the top performer in the S&P 500 and Nasdaq 100 this year.
The company isn’t raking in the profits, though. In its most recent quarterly report, Netflix only made $32 million. But Wall Street doesn’t seem to mind and so the company should stay the course raking in the subscribers and producing award-winning original content. Netflix just needs to remember to listen to their subscribers."
 

AG99

DTVUSA Member
#2
I bought some NFLX when it tanked during that disastrous Qwikster rollout, but sold it soon afterwards. I should have had more faith.
 

FWAmie

DTVUSA Member
#3
I like that netflix is doing good. But instead of raising the CEO's pay, why not raise the employees pays? That sounds like a more respectful thing to do.... Just saying
 

RockU

DTVUSA Member
#4
Looks like Hastings is in for a big bump in pay.

Matt Burns from Tech Crunch reports that "the Netflix CEO will get a healthy pay raise in 2014. According to a regulatory filing, Reed Hastings’ annual salary will jump to $3 million, up from the $2 million he earned this year. His annual stock option allowance also improves to $3 million from the current level of $1 million.


It’s hard to argue against the pay increase. Netflix had a great 2013. The stock price is up 296% on the year. It’s trading around an all time high of $365. The stock was the top performer in the S&P 500 and Nasdaq 100 this year.
The company isn’t raking in the profits, though. In its most recent quarterly report, Netflix only made $32 million. But Wall Street doesn’t seem to mind and so the company should stay the course raking in the subscribers and producing award-winning original content. Netflix just needs to remember to listen to their subscribers."
No wonder being a CEO is such a profitable business. Yep, Netflix stock is rising steadily, a big bump in salary for the CEO could mean a lot things. I just wonder who actually increase his pay raise? Him?
 

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