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

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.
Comments (4)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    I sold out at $49.00 thinking they had come too far too fast.

     

    Cut these guys some slack.
    23 Dec 2011, 09:56 AM Reply Like
  • Andrew Shapiro
    , contributor
    Comments (1882) | Send Message
     
    why on earth would a CFO who either couldn't project content obligations and int'l expansion costs into the future or supervised a $200MM of stock buybacks in 9 months, while actually knowing of these impending costs, get such a raise? NFLX board of directors is such a "rubber stamp" group of cronies.
    23 Dec 2011, 10:10 AM Reply Like
  • Josh Krause
    , contributor
    Comments (1361) | Send Message
     
    Lose 70% of your market cap and still get $1.5 million in stock options.

     

    Hilarious.

     

    Netflix Board of Directors is bound to continue in their blundering moves as they refuse to remove Hastings and honestly report their financial condition.
    23 Dec 2011, 04:46 PM Reply Like
  • Andrew Shapiro
    , contributor
    Comments (1882) | Send Message
     
    Let us not forget that is while the amount of option grant was cut in half, the stock strike price is down by more. Did Hastings really suffer all that much of any reduction??
    24 Dec 2011, 04:02 PM Reply Like
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