Netflix CEO Reed Hastings' pay will double to $4 million next year,
after he took a pay cut due to management missteps this year.
annual salary will rise to $2 million in 2013 and he will get $2
million in stock options, according to a securities filing Friday.
That's up from a salary of $500,000 and $1.5 million in stock options for 2012.
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. It fell from a high above $300
to a low below $70 per share.
This year, shares are up 29 percent,
closing Friday at $89.33. Recovering from the missteps, the company
expects to add around 5 million U.S. subscribers, to between 26.4
million and 27.1 million by the end of the year.