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Netflix Ends Huge Year With Price Shift and Executive Raises

Party in Los Gatos tonight: Netflix is celebrating the end of a monster 2013 by giving its top executives sacks of money, ending a defensive maneuver against activist investors, and tinkering with price increases that could make the company even more money in 2014.

Netflix Chief Executive Reed Hastings—who has pinballed in recent years from business magazine cover boy to laughingstock to, well, business magazine cover boy—got a 50 percent raise. This year he led Netflix shares to a 294 percent gain, the most of any listing in the Standard & Poor’s 500-stock index. Hastings will make $3 million in salary in 2014, with $3 million in stock options.