Netflix Gives Eye-Popping Raise to CEO

Reed Hastings gets rewarded for stock's meteoric rise
By Kevin Spak,  Newser Staff
Posted Dec 31, 2013 8:50 AM CST
Reed Hastings, CEO of Netflix, announces Netflix's expansion to Toronto, Canada, Sept. 22, 2010.   (AP Photo/The Canadian Press, Adrien Veczan)
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(Newser) – Netflix CEO Reed Hastings is being rewarded handsomely for the network's recent success in the original content game. The CEO's pay will jump 50% in 2014, according to regulatory filings spotted by Reuters. He'll make $6 million, split evenly between stock and cash. Other top executives will get a pay raise, too. The raises come after Netflix's stock rose nearly 300% in 2013, and the news marks qute a turnaround for Hastings from 2011. (Read more Netflix stories.)

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