Netflix Shakes Up C-Suite Compensation
Reed Hastings’ Netflix (NASDAQ:NFLX) stock options for next year are down by half – $1.5 million vs. $3 million this year following a devastating 2011, but many of the company’s other executives can expect fat raises. CFO David Wells’ pay will go up 22.5 percent to $490,000 for 2012, with an additional $160,000 in options, and chief content officer Ted Sarandos ‘ salary will see a 10 percent increase to $1 million, plus $400,000 more in options.
Here’s how Netflix shares are trading on the big news:
Netflix, Inc. (NASDAQ:NFLX): NFLX shares recently traded at $73.16, down $0.68, or 0.92%. They have traded in a 52-week range of $62.37 to $304.79. Volume today was 531,015 shares versus a 3-month average volume of 8,867,320 shares. The company’s trailing P/E is 16.63, while trailing earnings are $4.40 per share. Get the most recent company news and stock data here >>