News Netflix’s CEO compensation increase by 68%

Netflix’s CEO Reed Hastings saw his overall compensation increase by 68%, a proxy that the DVD rental and online streaming company filed today at the SEC reveals. While this data is somewhat hidden by the fact that his salary decreased, it is unlikely to please the company’s shareholders after a difficult year.

As you can see on this chart, Reed Hastings’ salary went down to $500,000 in 2011, compared to $519,231 in 2011. However, his stock option award increased greatly, heavily impacting his total compensation

This may come as a surprise to shareholders, as Hastings took the blame for Netflix’s erratic strategy in 2011. As you may remember, the company announced that it would spin off its DVD rental business and name it ‘Qwikster’, before backtracking mere weeks later.

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