by Christopher Freeburn | December 31, 2013 10:26 am
The head of DVD-by-mail and video streaming giant Netlfix (NFLX) is getting a hefty pay bump in 2014.
According to documents filed with U.S. regulatory agencies, Netflix CEO Reid Hastings will see his salary jump 50% next year, rising from $2 million this year to $3 million in 2014. The Netflix CEO will also see his annual option allowance for NFLX stock climb from $2 million this year, to $3 million next year, the Associated Press notes.
Overall, the Netflix CEO will see his total annual compensation surge from $4 million this year, to $6 million in 2014.
NFLX stock fell modestly in Tuesday morning trading. NFLX stock has more than tripled since the start of 2013.
In October, activist investor Carl Icahn sold about 3 million Netflix shares generating between $700 million and $800 million in profits for the billionaire and cutting his stake in Netflix in half.
Source URL: http://investorplace.com/2013/12/netflix-ceo-reed-hastings-get-huge-pay-raise/
Short URL: http://invstplc.com/1nvPPPq
Copyright ©2016 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.