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Discussion in 'Internet Streaming Services' started by Athlon646464, Dec 23, 2011.
Netflix Missteps to Cost CEO $1.5 Million in Stock Options
Oh well...... <_<
Actually...not really....Consider this...
Hastings will receive $1.5 million in stock options next year in monthly installments of $125,000 that vest immediately. This is half of $3 million in stock options granted to Hastings this year. This is why financial media outlets are playing this up as a pay cut, but they have it all wrong.
Shares of Netflix have fallen by 58% this year. In other words, $125,000 in granted options next month will give Hastings more shares than he received with $250,000 in grants in January 2011.
If the stock goes up, well, he will do much better. But it is far from a cut.
I'll trade may paycheck for his 2m one...