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Despite Losing Nearly Two-Thirds of Its Value, Netflix Gives CEO a Huge Raise

Apr 23, 2012  •  Post A Comment

Despite losing almost two-thirds of its market value last year, Netflix gave Chief Executive Reed Hastings a 68% bump in compensation, reports Deadline.com.

While Hastings’ salary slipped 3.7% to $500,000, his stock option awards rose almost 76% to $8.8 million, the piece notes.

The story reports: "All of the company’s other top execs also made more in 2011 than they did the previous year — collectively they were up 27.6%. Hastings’s compensation accounted for 40% of the pay for the company’s five top execs. His take was about 2.7 times the average for his colleagues. Corporate governance activists become skeptical when the CEO makes more than three times the average."

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