Netflix increases CEO Hastings’ 2013 salary to $4 million

(Reuters) – Netflix Inc doubled Chief Executive Reed Hastings’ 2013 salary to $ 4 million, after a pay cut this year, the video rental company disclosed in a regulatory filing late on Friday. 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, and a combined payout of $ 3.5 million for 2011. (http://r.reuters. …

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