0
Internet

Netflix doubles CEO's notional pay for 2013

Wednesday 2 January 2013 | 10:46 CET | News
Netflix has doubled CEO Reed Hastings's notional pay for 2013 to USD 4 million, reports the Financial Times, citing a regulatory filing. This includes USD 2 million in base salary and options notionally valued at USD 2 million. The move reverses the board's decision last year to reduce his notional pay from USD 3.5 million to USD 2 million after his attempt to separate Netflix's streaming video business from its DVD subscription operations led to a user backlash and steep fall in share price that allowed corporate raider Carl Icahn to buy a stake. Hasting's actual pay will largely be determined by the value of the options allowance when he receives it. In 2011, his actual pay was USD 9.3 million, 69 percent more than in 2010. The figure for 2012 will be known when Netflix publishes its annual proxy statement in February.

Categories: Internet
Companies: Netflix
Countries: United States
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.






49%
is expected cable share in 2018
Netherlands  |  2014 Q1

Calendar   /   Industry Events

30 Jul KPN Q2 2014
30 Jul Telefonica Deutschland Q2 2014
30 Jul Sprint fiscal Q1
30 Jul Akamai Q2 2014
30 Jul Ruckus Wireless Q2 2014
30 Jul Equinix Q2 2014
30 Jul Entropic Q2 2014
30 Jul MobileIron Q2 2014
30 Jul Rovi Q2 2014
30 Jul Sonus Networks Q2 2014
30 Jul Hrvatski Telekom Q2 2014
31 Jul Tw Telecom Q2 2014
31 Jul MTS Allstream Q2 2014
31 Jul Samsung Electronics Q2 2014
31 Jul HTC Q2 2014
31 Jul Sierra Wireless Q2 2014
31 Jul Vonage Q2 2014
31 Jul MediaTek Q2 2014
31 Jul PMC Q2 2014
31 Jul BT fiscal Q1
31 Jul Charter Q2 2014
31 Jul 3 Group H1 2014
31 Jul TeleCommunication Systems Q2 2014
31 Jul Telenet Q2 2014
31 Jul Alcatel-Lucent Q2 2014
31 Jul Colt Q2 2014
31 Jul Telefonica Q2 2014
31 Jul Yahoo Japan fiscal Q1
31 Jul Time Warner Cable Q2 2014
01 Aug Belgacom Q2 2014
::: More Calendar Items