Hastings & Co Gets The Mechanical Kickstarter Watch Right

d99b737907494da9fe9e475d44c8ad97_original Every few weeks I dig through the deepest recesses of Kickstarter and Indiegogo to find a few good watches. This time I’ve hit pay dirt. The $ 227 Hastings & Co Heritage Edition is a mechanical watch with enough class and high design to make it an heir to watches like the Tissot Le Locle and some classic Longines pieces at a price that resembles the good old Seiko Orange Monster. But… Read More

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Netflix CEO Reed Hastings’ Salary To Get 50% Pay Bump To $3m In 2014

netflix-reed-hastings

Remember Qwikster? Wall Street doesn’t.

The AP is reporting this morning that Netflix CEO will get a healthy pay raise in 2014. According to a regulatory filing, Reed Hastings’s annual salary jumps to $ 3 million, up from the $ 2 million he earned this year. His annual stock option allowance also improves to $ 3 million from the current level of $ 1 million.

It’s hard to argue against the pay increase. Netflix had a great 2013. The stock price is up 296% on the year. It’s trading around an all time high of $ 365. The stock was the top performer in the S&P 500 and Nasdaq 100 this year.

The company isn’t raking in the profits, though. In its most recent quarterly report, Netflix only made $ 32 million. But Wall Street doesn’t seem to mind and so the company should stay the course raking in the subscribers and producing award-winning original content. Netflix just needs to remember to listen to their subscribers.

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