Netflix CEO Will Take Pay Cut After Rough Year

Netflix CEO Will Take Pay Cut After Rough Year

Although the average CEO saw hefty pay increases this year, it’s a different story for Netflix honcho Reed Hastings. Following a year in which the company introduced a rate increase coupled with a short-lived decision to spin off the disc-rental division as Qwikster, causing an exodus of subscribers, Hastings will receive fewer gold coins to toss into his money bin. [More]

The CEOs Who Suffered The Most Massive Pay Cuts Last Year

The CEOs Who Suffered The Most Massive Pay Cuts Last Year

There are pay freezes and then there is the CEO Paycheck Shrink Ray. CNN lists the CEOs who were the biggest victims of the latter. [More]

Government Orders Pay Cuts For Bailed-Out Firms

Government Orders Pay Cuts For Bailed-Out Firms

The huge salaries and bonuses paid to executives of banks and other firms that received government bailout funds have been the subject of a lot of taxpayer rage. The Obama administration listened, and will order pay cuts.