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Post by The Ultimate Nullifier on Dec 22, 2014 17:40:05 GMT -6
variety.com/2014/digital/news/netflix-cuts-ceo-reed-hastings-salary-1201385575/Netflix said co-founder and CEO Reed Hastings’ baseline salary would be $1 million in 2015 — down from $3 million this year — in a regulatory filing. At the same time, Hastings had an annual stock-option allowance worth up to $13.7 million of shares, per Netflix’s filing. Also in the 8-K filing, Netflix said CFO David Wells would receive $2 million in salary and up to $1.675 million value in the company’s stock-option allowance. Chief content officer Ted Sarandos, with a $1 million salary, will receive $9.6 million value in stock options as well as up to $2 million in bonus for 2015. In other compensation: Netflix chief product officer Neil Hunt stands to receive $1 million in salary as well as $1.87 million worth of stock options and up to $5 million in bonus. Greg Peters, chief of Netflix’s streaming and partnerships office, will earn $1 million as well as 2.725 million stock options and a potential $1 million bonus, according to the company’s regulatory filing.
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