(Corrects paragraphs 1 and 2 to say Hastings' salary will
double, not jump four-fold. Also corrects headline to say total
salary will be $4 mln. Removes paragraph 4 on CFO salary)
Dec 28 Netflix Inc doubled Chief
Executive Reed Hastings's 2013 salary to $4 million, the video
rental company disclosed in a regulatory filing.
Of the $4 million, Hastings will receive half in cash and
half in stock options. This compares to $500,000 in cash and
$1.5 million in stock options the company gave its CEO for 2012.
Netflix, which has struggled over the last year following an
ill-fated attempt to split the DVD and streaming operations and
a swooning stock price, recently attracted the attention of
billionaire activist investor Carl Icahn who called for a sale
of the company. Icahn holds about 10 percent stake in Netflix.
(Reporting by Himank Sharma in Bangalore; Editing by Sriraj