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Netflix CEO Gets a Hefty Pay Raise CNN

Netflix Chief Executive Reed Hastings is getting a substantial bump in pay. Citing a government filing from the online-streaming company, CNN Money reports that Hastings will get a 50% pay raise in 2014.

Hastings will receive an annual salary of $3 million and a stock option allowance of an additional $3 million. That’s up from a $2 million salary and $2 million in options in 2013, the story says.

“But his final 2013 pay is expected to be significantly higher, because Netflix stock has soared this year,” the piece notes.

reed hastings.pngReed Hastings