Netflix doubles down on CEO Reed Hastings' pay package

Netflix CEO compensation doubled Reed Hastings in 2013 will receive during the year, the rental company and streaming videos revealed today in a regulatory filing.

Hastings will receive $ 2 million in salary and $ 2 million in compensation through stock options, according to a document filed with the U.S. Securities Commission scholarship. The wage increase is a significant bump over 2012, Hastings received $ 500,000 in salary and $ 1.5 million in stock options.
   The earnings growth appears to be a renewed confidence in Hastings, including stock options grant was halved in December 2011 after botched plan this year to split the company into two - a plan that investors upset and caused a revolt subscriber. After a price increase has led to a number of cancellations subscribers, the company announced its intention to increase its off DVD-by-mail operations into a new company called Qwikster - plans that were scuttled after only three weeks.

Stock in the Los Gatos, Calif.-based company closed today at $ 89.33, up 22 percent a year ago but apart from its 52-week high of $ 133.43. The company traded as low as $ 52.81 this summer, but I have received a boost in the fall when the activist investor Carl Icahn disclosed that he had acquired a 10 per cent and was planned to launch a hostile takeover of Netflix.
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