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.