Netflix CEO Reed Hastings Will Have Double The Salary In 2013

Netflix CEO Reed Hastings will have double the salary next year.  He will be paid $4 million in 2013 after it doubles.  Hastings cut his salary because of management missteps this year.  Hastings will get $2 million in salary and $2 million in stock options according to a securities filing.  Hastings’ salary was $500,000 and stock options were $1.5 million in 2012.  Hastings was paid $3.5 million in 2011 around the time he decided that they would change the price of subscriptions.  Netflix’s stock price dropped from $300 to below $70 per share as a result.  As of now, Netflix’s stock is trading at around $89.33.  Netflix is expected to add around 5 million U.S. subscribers after recovering from the missteps.  They will have around 27.1 million total subscribers by the end of the year.

Netflix CEO Reed Hastings Was Warned By The SEC About A Facebook Post

Netflix CEO Reed Hastings Logs Off Microsoft’s Board of Directors

Netflix founder Reed Hastings joined the Microsoft board of directors in 2007 and was the lead independent director.  However Hastings has stepped down from the re-election process when Netflix’s shareholders meet in November.

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Dan Gilbert (Quicken Loans) and Manoj Bhargava (5 Hour Energy) Join Giving Pledge

Dan Gilbert, the founder of Quicken Loans, and Manoj Bhargava, the founder of 5-Hour Energy, are among two billionaires from Michigan that have joined Giving Pledge.  Giving Pledge is an organization created by Bill Gates and Warren Buffett to redistribute their wealth to charity.

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HBO Makes It Clear That They Are Not Working With Netflix

Netflix CEO Reed Hastings has indicated that the company could partner with HBO, making customers excited about the possibility of watching shows like Entourage, The Sopranos, and Game of Thrones.  However HBO made it clear that they do not have any intention of making a deal with Netflix.  “We are not in discussions and have no plans to work with Netflix,” stated HBO spokesman Jeff Cusson.

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Netflix CEO Reed Hastings Complains About Comcast On Facebook

It’s been about two weeks since Netflix CEO Reed Hastings publicly bashed on Comcast from his personal Facebook account. Hastings bashed on them one more time because of the way that Comcast handles bandwidth. Hastings is accusing Comcast of violating “net neutrality” principles by favoring their own web video services over those offered by Netflix, HBO, and Hulu when it comes to data usage. Last month Hastings had also complained that he was not able to watch HBO Go on his Xbox.
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DreamBox Learning Raises $11 Million From Reed Hastings, John Doerr, Deborah Quazzo, and GSV Capital

DreamBox Learning is an e-learning company for students that has raised $11 million in a new round of funding. netflix CEO Reed Hastings, Kleiner Perkins partner John Doerr, Deborah Quazzo, and GSV Capital Corp. is participating in this round of funding. DreamBox has raised a total of $18 million in funding.
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