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Netflix CEO gets $1.5 million pay cut, stocks remain low

Discussion in 'TechSpot News and Comments' started by Rick, Dec 26, 2011.

  1. Rick TechSpot Staff

    Netflix CEO, Reed Hastings, got a lump of coal this Christmas as the company's board chose to halve his stock options. Hastings has been at the helm while mismanagement of…

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  2. Scshadow TechSpot Enthusiast

    I know I'm never going back to netflix. Good luck rebuilding.
  3. they choose the damn image quality for you, wtf. I'm NEVER going back to Netflix, I can everything and for free ! TYVM
  4. ---agissi--- TechSpot Paladin

    It seems like love, as soon as you take it for granted it'll crumble down on ya.
  5. Tekkaraiden TechSpot Enthusiast

    I'd love to have access to HBO and Starz streaming content but unfortunately they are US only for now.
  6. petert Newcomer, in training

    Still, not bad - $500000 per year and after the netflix failures he (hastings) still has a job.
  7. Kraemepoo Newcomer, in training

    I canceled my 3 a month Blu-Ray when they jacked up the price without any better movies.

    I canceled my subscription a couple months later cause I was paying too much for C movies and cable TV shows.

    I'll never go back because they kicked me in the *** as I was leaving. If you cancel Netflix, even if you paid for a full month just 2 days ago, you lose your whole month and can't finish the month you've already paid for.
  8. treetops TechSpot Addict

    I wish I had some money to invest in Netflix, I bet their stock shoots back up in no time.
  9. Timonius TechSpot Enthusiast

    If they incorporated serious family friendly features they might just do better.
  10. Tomorrow_Rains Newcomer, in training

    I use netflix to stream on my phone so i can watch streaming movies on my phone. for 8 bucks a month thats not bad at all.
  11. I dumped them during this fiasco. I enjoyed the two options. i know know they needed more revenue for new content but they could have done it slowly or better yet, grandfathered existing customers. Had they done that, I would have stayed.
  12. The guy is an ***** who doesn't understand why his own company is successful. Of course he can't fix it. It was his ideas that broke it in the first place.