Netflix CEO Reed Hastings to get 50 per cent pay rise in 2014 after success of House of Cards
NETFLIX boss Reed Hastings is getting a 50 per cent pay bump in 2014 after a year in which the company's share price quadrupled.
NETFLIX Chairman and CEO Reed Hastings is getting a 50 per cent 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 $US2 million ($2.3 million) to $US3 million next year, and his annual stock option allowance also will rise by $US1 million to $US3 million. The $US6 million in total pay compares to $US4 million in 2013, when his pay doubled.
Netflix Inc. shares hit an all-time high price of $US389.16 in October after ending 2012 at $US92.59.
The company this year began releasing original content like its House of Cards and Orange Is The New Black series, both of which have been a huge hit with viewers.
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