Netflix (NFLX) wasn't exactly happy with CEO Reed Hastings' performance this year -- and for good reason. As a result, Hastings isn't getting as many presents under the tree.

The company has cut Hastings' annual stock-option allowance by half to $1.5 million, Bloomberg reports. A year ago, he was given $3 million in stock options.

Hastings didn't get a raise, either. His salary of $500,000 will stay the same. Netflix outlined the compensation changes in a regulatory filing.

Looking back over the last year, it's easy to see why Netflix's board isn't feeling too generous. Even Hastings has admitted the company shot itself in the foot over a number of bad decisions.

The worst move was the way Netflix hiked prices for subscribers in July. Customers who had signed up for one DVD out at a time plus online streaming saw prices jump by nearly 60%. Then there was the Qwikster plan to split Netflix's video streaming and by-mail DVDs into two operations. (That plan has since been reversed.)

Then there was a weird glitch where Netflix appeared to be enforcing a rule limiting video streaming to one device at a time. The company later said that was an error. Finally, Netflix lost a valuable contract with Starz, and saw about 1,000 movies disappear as a result.

Not the best year at all. And Netflix shares have taken the beating you would expect, dropping 75% from July highs.

You could argue that many of Netflix's problems this year involved marketing -- or, rather, the absence of good marketing. Perhaps that's why the company's chief marketing officer is getting a pay cut to $575,000 this coming year from $802,111 in 2011, Bloomberg reports.

But the company's chief content officer, Ted Sarandos, is getting a raise to $1 million in salary from $903,000 last year.