Netflix Inc. raised Chief Executive Reed Hastings's compensation package to $4 million for 2013, essentially doubling his pay this year.

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Netflix Inc. raised Chief Executive Reed Hastings's compensation package to $4 million for 2013, essentially doubling his pay this year.

He chose his salary to be $2 million, up from $500,000, and his stock options allowance to be $2 million, the online streaming company said in a regulatory filing Friday. Last year, he got stock options worth $1.5 million, half of what he had received

Netflix, which has struggled over the last year following an ill-fated attempt to split the DVD and streaming operations and a swooning stock price, recently attracted the attention of billionaire activist investor Carl Icahn who called for a sale of