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

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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.


Related

Netflix, YouTube partner for Dial second-screen app service

Published 24 Jan 2013 09:15 CET | World
Netflix and YouTube have teamed up to launch Dial, which is a protocol that helps developers of second-screen apps to discover ...

Netflix posts surprise profit in Q4

Published 24 Jan 2013 09:11 CET | World
Streaming video service Netflix reported fourth-quarter results better than expected, thanks to solid subscriber growth both in ...

SEC warns Neflix CEO over post on Facebook

Published 07 Dec 2012 12:41 CET | United States
Netflix and its CEO Reed Hastings have received a "Wells Notice" from SEC staff about a post by Hastings on his Facebook page on ...

Netflix adopts defense against hostile takeover

Published 05 Nov 2012 17:20 CET | United States
Netflix has adopted a stockholder rights plan aimed at preventing a hostile takeover of the company. The plan was announced just ...

Netflix shares jump after Icahn buys stake

Published 01 Nov 2012 10:36 CET | World
Shares in Netflix jumped higher on 31 October after news emerged that investor Carl Icahn has acquired a large stake in the ...

Netflix becomes largest US online movie service in 2011

Published 04 Jun 2012 07:27 CET | United States
Netflix in 2011 surged past Apple to become the largest US online movie service in revenue terms, according to a study by IHS ...





15.5%
Fibre's share of VoIP market
Netherlands  |  2016 Q2

Calendar   /   Industry Events

26 Sep DCD Colo + Cloud
26 Sep SCTE Cable-Tec Expo
27 Sep FT-ETNO Summit 2016
27 Sep OpenDaylight Summit
28 Sep BlackBerry fiscal Q2
28 Sep Telefonica Deutschland Digital Innovation Day
28 Sep EU Digital Assembly
29 Sep Ethernet Alliance Technology Exploration Forum
01 Oct India spectrum auction starts
::: More Calendar Items