Netflix raised the salary of its chief executive Reed Hastings by 50% to $6 million for 2014, a regulatory filing shows, as its stock quadrupled in value this year amid new programming and a growth in its subscriber base. Hastings will receive $3 million each in cash and stock options for the year.
Bob Iger received compensation valued at $34.3 million for the year, down from $37.1 million last year.His compensation fell because the Walt Disney Co. didn’t exceed internal goals by as much this year as it did in 2012, according to a company regulatory filing made Monday.
21st Century Fox Chief Executive Rupert Murdoch’s overall compensation declined slightly in fiscal 2013, to $28.9 million. During the previous year, Murdoch had a $30-million compensation package. That was nearly 10% lower than his fiscal 2011 earnings of $33.3 million.
The dramatic increase in the value of 21st Century Fox stock has paid big dividends for Rupert Murdoch, James Murdoch and Chase Carey. Last week, the senior officers of 21st Century Fox were paid cash for shares they had accumulated over three years as part of their long-term performance-based compensation, according to a filing this week with the Securities & Exchange Commission.
Exclusives
Smaller bonuses led to compensation decreases in fiscal 2012 for the top executives at Viacom Inc., who traditionally have been among the nation’s most richly paid. CEO Philippe Dauman took home $33.5 million in the year that ended Sept. 30, down 22% from the previous year. His No. 2, COO Tom Dooley, saw a 23% drop to $26.3 million. Compensation for Chairman Sumner Redstone, who holds the same title at CBS Corp., dropped 3% to $20.4 million.
Walt Disney Co Chief Executive Officer Robert Iger got a 20% bump in his 2012 pay, totaling $40.2 million, regulatory filings show. Iger’s package included $2.5 million in base salary, with an additional $9.5 million in stock awards.
Leslie Moonves’ pay package for 2011 rose 20% to $68.4 million from a year ago. The sum will likely rank Moonves among the highest paid American CEOs last year.
Comcast CEO Brian Roberts received a performance-based cash bonus of $10.9 million in 2010, boosting his total compensation package to $31.1 million, a 14% increase over the previous year.
