Netflix 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]