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Slideshow Netflix increases CEO Hastings' 2013 salary to $4 million Tweet Share this Email Print Related News Netflix increases CEO Hastings' 2013 salary to $4 million Fri, Dec 28 2012 Apple CEO's pay takes big hit vs. record 2011 package Thu, Dec 27 2012 Netflix rival Redbox starts movie streaming this month Wed, Dec 12 2012 SEC wrestles with Internet age in Netflix case Fri, Dec 7 2012 REFILE-UPDATE 3-Netflix says CEO's Facebook post triggered SEC notice Thu, Dec 6 2012 Analysis & Opinion Why the Federal Reserve should buy national infrastructure bonds India to ring in 2013 in the mobile sector Related Topics Tech » Fri Dec 28, 2012 8:00pm EST (Reuters) - Netflix Inc doubled Chief Executive Reed Hastings' 2013 salary to $4 million, after a pay cut this year, the video rental company disclosed in a regulatory filing late on Friday. Of the $4 million, Hastings will receive half in cash and half in stock options. This compares to $500,000 in cash and $1.5 million in stock options the company gave its CEO for 2012, and a combined payout of $3.5 million for 2011. (r.reuters.com/dev84t) Netflix's high-profile Silicon Valley CEO Hastings took a pay cut this year in the wake of an ill-fated attempt to split the DVD and streaming operations, even as the company missed its own subscriber guidance. The stock has tumbled more than 70 percent since touching a high of $304.79 in July 2011, although it has risen about 23 percent since the beginning of 2012. The final value of the stock options, which vest on a monthly basis to Netflix employees, depend on how its shares perform. The company, however, does not give out performance based incentives like many other listed entities. Chief Financial Officer David Wells' total payout rose slightly to $1.1 million, including $770,000 in cash. (Reporting by Himank Sharma in Bangalore; Editing by Sriraj Kalluvila and Richard Chang) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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