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

By Rick
Dec 26, 2011
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  1. 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

    Scshadow TechSpot Maniac Posts: 336   +32

    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---

    ---agissi--- TechSpot Paladin Posts: 2,383   +15

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

    Tekkaraiden TechSpot Maniac Posts: 892   +52

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

    petert Newcomer, in training Posts: 17

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

    Kraemepoo Newcomer, in training Posts: 20

    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

    treetops TechSpot Evangelist Posts: 1,653   +51

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

    Timonius TechSpot Booster Posts: 573   +31

    If they incorporated serious family friendly features they might just do better.
  10. Tomorrow_Rains

    Tomorrow_Rains TechSpot Enthusiast Posts: 179

    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.


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