Biz: Reed Hastings punished financially for Netflix’s sucky year
- $1.5 million chopped off his stock options in 2012 source
- » Merry Christmas, screwup: The Netflix CEO, who oversaw a months-long decline in his company’s stock price in the wake of customer-angering moves, lost half of his stock options for next year — from $3 million to $1.5 million. The company will likely face its first net loss in more than a decade next year, due in part to lost subscribers.