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Netflix CEO Has His Compensation Doubled

Apr 21, 2011  •  Post A Comment

After a banner year for Netflix, in which its stock price more than tripled and it added 8 million customers, Chief Executive Reed Hastings had his 2010 compensation doubled to $5.5 million, reports the Los Angeles Times’ Company Town blog.

Almost $5 million of Hastings’ compensation is in the form of stock options, up from $1.75 million in 2009, the story says. His salary, though, was cut in half to $519,231 from $1 million in the previous year.

The story points out that Hastings’ compensation is much less than CEOs of other big media companies, with CBS chief Leslie Moonves receiving a pay package of almost $58 million and Discovery chief David Zaslav’s package valued at almost $43 million.

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