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Netflix CEO Reed Hastings Takes Salary Cut, But Stock Options Soar

photo: Variety

The head of the streaming giant will receive $900,000 in annual salary, down from a baseline salary of $1 million in 2015 and $3 million in 2014. However, Hastings’ stock options allowance tops out at more than $19 million. That’s an improvement on the annual stock-option allowance of up to $13.7 million he received last year and the $3 million in stock options from 2013. – Brent Lang, Variety