Following a disastrous 2011, Reed Hastings' (NFLX) stock options for next year are cut in half -...

|By:, SA News Editor

Following a disastrous 2011, Reed Hastings' (NFLX) stock options for next year are cut in half - $1.5M vs. $3M this year - but much of the rest of Netflix's top brass will get nice raises. CFO David Wells' salary will rise 22.5% to $490K for 2012, plus $160K more in options, and chief content officer Ted Sarandos will get a 10% pay raise to $1M, plus $400K more in options.