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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

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Categories: Internet
Companies: Netflix
Countries: United States
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