Netflix's Hastings to get pay bump in 2013
12/28, 6:17pm
Hastings to earn $4 million next year at Netflix
Netflix CEO Reed Hastings will see a bigger paycheck from the video streaming service next year, with the streaming service revealing a $4 million compensation package in documents filed today with the Securities and Exchange Commission. Hastings will receive $2 million in salary and $2 million in compensation through stock options, with the latter growing or shrinking in value depending on Netflix's performance. The 2013 pay package represents a significant jump for Hastings, who earned $500,000 in salary and $1.5 million in stock options in 2012.