Hastings’ base pay has been slashed by 76% in the past five years, and will be cut again this year ... but investors shouldn’t worry about keeping him happy, because his total pay has more than tripled over the same time
Netflix Inc. Founder and Chief Executive Reed Hastings’ base pay has been slashed by 76% in the past five years, and will be cut again this year, but investors shouldn’t worry about keeping him happy, because his total pay has more than tripled over the same time.
The stock NFLX, -2.86% rallied 20.9% in 2019, after running up 39.4% in 2018. In comparison, the S&P 500 index SPX, +2.29% climbed 28.9% last year after falling 6.2% the year before. See also: Opinion: Netflix doesn’t know what comes next after coronavirus-sparked boom in subscriptions.
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