Netflix Ceo's Stock Options Slashed After Bad Year
Charleston Gazette › December 23, 2011
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Summary
SAN FRANCISCO - Netflix CEO Reed Hastings will pay a $1.5 million penalty for blunders that alienated the video subscription service's customers and pulverized its stock.
The punishment will be delivered with a 50 percent reduction in his stock option awards next year, according to regulatory documents filed Thursday. Instead of the $3 million stock option allowance he received this year, Hastings will get $1.5 million in 2012. His base salary will remain unchanged at $500,000.See the full content of this document
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Netflix Ceo's Stock Options Slashed After Bad Year
It would have been difficult to make a case for giving Hasti...
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