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Netflix plans 50 pct pay hike for CEO Hastings
LOS GATOS, Calif. (AP) — Netflix Chairman and CEO Reed Hastings is getting a 50 percent pay bump in 2014 after a year in which shares of the online video subscription company quadrupled to an all-time high.
A regulatory filing shows that Hastings' annual salary will climb from $2 million to $3 million next year, and his annual stock option allowance also will rise by $1 million to $3 million. The $6 million in total pay compares to $4 million in 2013, when his pay doubled.
Netflix Inc. shares hit an all-time high price of $389.16 in October after ending 2012 at $92.59.
http://bigstory.ap.org/article/netflix-plans-50-pct-pay-hike-ceo-hastings
