The annual salary of Netflix's CEO, Reed Hastings, has been bumped up from $2 million 2012 to $4 million in 2013.

What are you thinking?

View Results

Loading ... Loading ...
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading...Loading...

Apparently, Netflix’s CEO was taking home a ‘paltry’ sum of $2 million as annual salary. That was until now. The company has now decided to bump up his salary, making is $4 million for the year 2013.


Reed hastings

That is certainly a sweet start of the new year for Reed Hastings. However, all of the aforementioned salary will not be paid in cash to Hastings, as was also the case during 2012.

In the current year, Hastings had a salary of $500,000 whereas he received another $1.5 million in stock options. However, he had been taking a far higher salary, clocking at $3.5 million during 2011. Back then, Hastings had apparently made a few faulty decisions for which the company’s stock value took a significant hit.

The share prices came tumbling down from $300 a piece to $70 per share. And with that, Hastings’ annual pay also took a hit. The company’s stock has recovered only slightly since. During this year, the stock value bumped up by 29 percent, rising to $89 a piece.

Although not proportionate to the rise in stock value, Hastings pay has risen to $2 million in cash and another $2 million in stock options. That puts his annual salary figure at a square $4 million.

Source: WSJ

Buy Cheapest Related Product From Amazon.com


Decades Old Film By Star Wars’ Art Director May Be Up For Download Soon

Netbook Market Inches Towards An End, ASUS And Acer Pulling The Plug
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On December 31, 2012(1 year, 11 months ago.)

Recent Products

Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Compare  

What Do You Think?

Loading Disqus Comments ...
Loading Facebook Comments ...

Recent Search

Recent Tutorials

My tutorial is for those who wants to delete those history partially or fully or to disable those if they want.
This tutorial will show you how to stop those videos in your Android mobile not to play automatically.
This tutorial will help you to Disable Auto-Update Of Android Apps in your Android Device. The steps are quite easy to execute.
This tutorial will help you to clear search history from your Google Play Store in your Android Device. The steps are quite easy to execute.
This tutorial is about restoring your deleted WhatsApp chat history in Android for at most 7 days data.
Today I am going to show you how to save places in Android Google Maps and then retrieving those places in Google Maps from any devices.
Do you know that you can turn a shoe box into a phone projector? Don't believe this? See for yourself inside.
Apple has published a new guide detailing how Android users will be able to switch their contents from Android to iPhone.
The trick will let you to check your Facebook messages in the original app without downloading Messenger and it works with both iPhone or Android phone.
Want to block all disgusting ads from your android device? Read the tutorial to know how you can block ads on your Android and save data.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook