Netflix Inc. raised Chief Executive Reed Hastings's compensation package to $4 million for 2013, essentially doubling his pay this year.Netflix has been lobbying to change a law that prevents it from using Facebook to reveal what movies people are watching. It has finally won in Congress but, by this point, doubts about the value of frictionless sharing meanNetflix will introduce 'social features' for its U.S. users in 2013, following a bill passed by Congress on December 21 that removes older restrictions on companies sharing customer video rental histories. That bill was passedtwolverton@mercurynews.com. Netflix (NFLX) may still be still be struggling, but CEO Reed Hastings is getting a raise. In fact, he'll be doubling his total pay. In 2013, the streaming media company plans to pay Hastings $4 million in cash and stock, upSAN FRANCISCO (MarketWatch)—Apple Inc.'s chief executive Tim Cook took a 99% pay cut in 2012, while Netflix Inc. CEO Read Hastings saw his salary doubled for 2013. The big shifts in compensation, reflecting a year of upheaval for the companies, were
Related External Links3 Easy Steps to Further Censor G-Rated Movies on Netflix | June's ...Big cut, big raise for Apple, Netflix CEOs - Wall Street - eWallstreeterNetflix CEO pay: Reed Hastings' pay jumps to $4 million in 2013
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