Netflix Gives Eye-Popping Raise to CEO

Reed Hastings gets rewarded for stock's meteoric rise

By Kevin Spak

Posted Dec 31, 2013 8:50 AM CST

Copied

Netflix Gives Eye-Popping Raise to CEO — Reed Hastings, CEO of Netflix, announces Netflix's expansion to Toronto, Canada, Sept. 22, 2010. (AP Photo/The Canadian Press, Adrien Veczan)

Netflix CEO Reed Hastings is being rewarded handsomely for the network's recent success in the original content game. The CEO's pay will jump 50% in 2014, according to regulatory filings spotted by Reuters. He'll make $6 million, split evenly between stock and cash. Other top executives will get a pay raise, too. The raises come after Netflix's stock rose nearly 300% in 2013, and the news marks qute a turnaround for Hastings from 2011.

Read These Next

She was born at a McDonald's, so obviously this is her nickname.
Two Powerball players have a lot of financial planning to do.
Trump may be targeting this city next due to a misleading news report.
A pastor's dream factored in the discovery of hiker's remains.

Report an error