TribLIVE

| Business

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Netflix CEO receives 50 percent pay bump for 2014

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

'American Coyotes' Series

Traveling by Jeep, boat and foot, Tribune-Review investigative reporter Carl Prine and photojournalist Justin Merriman covered nearly 2,000 miles over two months along the border with Mexico to report on coyotes — the human traffickers who bring illegal immigrants into the United States. Most are Americans working for money and/or drugs. This series reports how their operations have a major impact on life for residents and the environment along the border — and beyond.

By The Associated Press
Wednesday, Jan. 1, 2014, 12:01 a.m.
 

Netflix Chairman and CEO Reed Hastings is getting a 50 percent pay bump in 2014 after a year in which shares of the online video subscription company quadrupled to an all-time high.

A regulatory filing shows that Hastings' annual salary will climb from $2 million to $3 million next year, and his annual stock option allowance also will rise by $1 million to $3 million. The $6 million in total pay compares to $4 million in 2013, when his pay doubled.

Netflix Inc. shares hit an all-time high price of $389.16 in October after ending 2012 at $92.59.

The company this year released original content like its “House of Cards” and “Orange Is The New Black” series, both of which have been hits with viewers.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Cuts at Range Resources include layoffs
  2. PPG puts brand 1st in strategy to reach commercial paint market
  3. Travelers find direct Web route to Priory’s spirited past in North Side
  4. Plastcs propel Bayer’s 2Q earnings
  5. Muni bond funds stressed
  6. Consol Energy, Range Resources report 2Q losses, plan deeper cuts
  7. EPA ordered to ease limits on cross-border air pollution that involves Pennsylvania
  8. Chronic job-seekers giving up the hunt
  9. Ambridge’s PittMoss takes off with help from TV show, Mt. Lebanon native Cuban
  10. U.S. Steel posts quarterly loss, declares dividend
  11. Pa. improves performance among competitive electric markets