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Netflix increases CEO Hastings' 2013 salary to $2 millionUS-NETFLIX-CEOSALARY:Netflix increases CEO Hastings' 2013 salary to $2 million
(Reuters) - Netflix Inc increased Chief Executive Reed Hastings's 2013 salary four-fold to $2 million, and raised his stock option allowance slightly, the video rental company disclosed in a regulatory filing.
The company raised Hastings's total stock option allocation to $2 million for next year, up from the $1.5 million it set for 2012. (http://r.reuters.com/dev84t)
Netflix, which has struggled over the last year following an ill-fated attempt to split the DVD and streaming operations and a swooning stock price, recently attracted the attention of billionaire activist investor Carl Icahn who called for a sale of the company. Icahn holds about 10 percent stake in Netflix.
The company also raised Chief Financial Officer David Wells annual salary to $770,000 from $490,000, but lowered his stock option allocation to $330,000 from $510,000 it set for 2012. (Reporting by Himank Sharma in Bangalore; Editing by Sriraj Kalluvila)
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