Netflix Execs Earn Salary Raises After Strong 2013
2013 was a banner year for Netflix, and it’s showing in more ways than one. Wall Street’s confidence has never been higher: Netflix’s stock price is at an all-time high, up nearly 300% compared to 2012. And after a big splash in original programming beginning with the launch of “House of Cards,” the streaming company broke into the premium Emmy and Golden Globes categories.
But that’s not all. Via a new regulatory filing with the SEC, Netflix is giving its executive team raises. CEO Reed Hastings, who made $2 million in base salary last year, will see his pay rise 50% to $3 million. Hastings will also enjoy an additional $3 million in stock options. Other executives, including chief content officer Ted Sarandos and chief product officer Neil Hunt, will earn salary bumps as well. Sarandos will see his annual earnings rise from $2.2 million to $2.8 million, and Hunt’s salary will jump from $1 million to $1.75 million.
Netflix will end 2013 with more than 40 million subscribers.Tags: Emmys, Golden Globes, house of cards, Neil Hunt, Netflix, Reed Hastings, Ted Sarandos, Wall Street