Netflix CEO Reed Hastings
New Base Pay: $3 million
Old Base Pay: $2 million
Percent Increase: 50%
Reed Hastings, the co-founder and chief executive of Netflix (NFLX), stole headlines for his growing executive compensation just last week.
The base pay for the Netflix CEO is being increased to a savory $3 million in 2014 — a substantial jump from a base of $2 million last year, and up even more dramatically from the base of $500,000 the year before. Plus, stock option allowances for Hastings were also upped from $2 million to $3 million.
The Netflix CEO does have a laundry-list of bragworthy bullet points in his 2013 resume that justify the pay bump, though. Shares of NFLX stock exploded by 300% over the course of the year, while Netflix original programming made quite a splash … both in folks’ living rooms and at the Emmy Awards.
In fact, Hastings earned a bronze medal for his leadership on InvestorPlace’s rankings of the 10 Top CEOs of 2013.