Green Is the New Black: Netflix CEO Scores $3 Million Raise Next Year

Chances are your new year won’t be as happy as Reed Hasting’s

The Netflix CEO will receive a $3 million raise, a 50% pay bump, in 2014, according to a Reuters report based on regulatory filings. The additional compensation will be a mix of cash and stock.

Just more than two years ago, it appeared as though Hastings had backed himself into a corner. After co-founding Netflix in 1998 and building its streaming service, he made a bold move in 2011 to split the company in two. The move was widely criticized and the company eventually scrapped the plans. Netflix stock, which was trading around $295 at the time, lost more than 75% of its value. Hastings faced calls to resign. Read more…

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