Netflix boosted CEO Reed Hastings’ pay by 43 percent to $11.1 million last year as the Internet video service raised its prices and still added the most subscribers in its history.
Netflix’s subscriber growth in the latest quarter lagged management’s forecast as the Internet video service’s recent price increases turned off potential new viewers.
Netflix’s revival of the comedy series “Arrested Development” didn’t reel in as many subscribers to the Internet video service as Wall Street had hoped, turning a solid second-quarter earnings report into a reality check.
The Internet video service’s stock climbed another 15 percent Friday to reach its highest price in 16 months.
Netflix CEO Reed Hastings’ pay will double to $4 million next year, after he took a pay cut due to management missteps this year.
Some of the more high-profile members of Silicon Valley’s social and financial scenes are writing big checks in support of the proposition that would abolish capital punishment in California, dwarfing the opposition’s fundraising in the process.
Netflix’s CEO is accusing Comcast of net neutrality violations and unfair business practices because of not capping streaming video use for customers who use a new Xbox service.
To hear Netflix CEO Reed Hastings tell it, the bone-headed decisions that have dragged down the Internet’s leading video subscription service during the past five months eventually will be forgotten like a bad movie made by a great film director.
Netflix Inc. is abandoning its widely-panned decision to separate its DVD-by-mail and Internet streaming services because it would make them more difficult to use.
Take a look at who made Time Magazine’s list from the Bay Area…