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175_90_NetflixNetflix CEO Reed Hasting’s compensation package has been on the same roller coaster ride as his company. Things are looking up for him in 2013, however, as his salary looks like it will be doubled next year.

Hastings took a big pay cut in 2012 after several major PR fiascos in the summer of 2011. His pay package was reduced to $500,000 and stock options grants valued at $1.5 million.

With Netflix’s fortunes looking up, Hastings will pull in a $2 million salary and $2 million stock options allowance for 2013. Netflix’s chief content officer Ted Sarandos also received a nice present in his Christmas stocking. Sarandos’ salary will climb to $2.2 million and he will enjoy $1.8 million in stock options.

Has Hastings earned his massive pay increase, Insiders? Will Netflix’s 2013 justify Hasting’s salary?

[via The Wrap]

8 Responses to “Netflix CEO’s Salary to Double in 2013”

  1. Visitor [Join Now]
    DanoFive0 [visitor]

    No way… $500,000 is more then he needs….
    Hell I would be happy with 25% of that…..

  2. Visitor [Join Now]
    DanoFive0 [visitor]

    NetFlix has Closed Caption on about 3,000 movies and TV shows now. More all the time. And everything will have Closed Caption on it by 2014…I am looking to see what the Red Box deal will be like. Time will tell.

  3. Member [Join Now]
    irish77grl

    I would be happy with 10%. i just hope prices don’t increase for movie/game rentals.

  4. Member [Join Now]
    segarolow [segarolow-2]

    Like everything the price will go up I bet? Time will tell. ;) Happy New Year All.

  5. Visitor [Join Now]