Netflix Gives Eye-Popping Raise to CEO

Netflix CEO Reed Hastings is being rewarded handsomely for the network's recent success in the original content game. The CEO's pay will jump 50% in 2014, according to regulatory filings spotted by Reuters. He'll make $6 million, split evenly between stock and cash. Other top executives will get a pay raise, too. The raises come after Netflix's stock rose nearly 300% in 2013, and the news marks qute a turnaround for Hastings from 2011.