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.

Daily Photo Galleries

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. Overhaul possible for West Mifflin’s Century III Mall
  2. Weak first-quarter economic report anticipated
  3. Google adds HBO access, mobile payment to next version of Android
  4. No end in sight for casino market saturation in northeastern U.S.
  5. Avago Technologies to pay $37 billion for chipmaker rival Broadcom
  6. Chevron settles fatal shale gas well fire lawsuit for $5M
  7. IRS cybersecurity breach touches lives of homebuyers, others
  8. Asian sell-off, Greece uncertainty rattle Wall Street
  9. Task force to plot ways of easing gas glut in Pennsylvania via pipelines
  10. Pitt study suggests health law attracting young to balance insurers’ risks
  11. Murray, Alpha notify West Virginia coal miners of layoffs