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Netflix CEO gets pay bump after 2012 cut

SeattlePI.com
Saturday, 29 December 2012

Netflix CEO gets pay bump after 2012 cut
LOS ANGELES (AP) — Netflix CEO Reed Hastings' pay will double to $4 million next year, after he took a pay cut due to management missteps this year. Hastings' total pay for 2012 was down 43 percent from $3.5 million in 2011, when some controversial decisions, including a steep price hike on subscriptions, sent the stock spiraling.
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