Netflix co-CEOs Reed Hastings and Ted Sarandos earned, respectively, $43.2 million and $39.3 million in 2020. The pay was up for both. Chairman and founder Hastings earned $38.6 million the year before, when Sarandos took home $34.7 million.
Hastings base salary was only $650,000 with the bulk of his compensation from a grant of options valued at $42.4 million, according to a proxy statement filed with the SEC.
Sarandos, instead, received a base salary of $20 million and an option grant worth $18.3 million. He was named co-ceo last July, in addition to his role as chief content officer.
Netflix had a blowout 2020 as the quintessential stay-at-home stock as the world braved a global pandemic with Tiger King: Murder, Mayhem and Madness, The Queen’s Gambit and Bridgerton. On Tuesday, however, it reported lower than expected subscriber growth for the first quarter of 2021.
The company has an unusual approach to compensation with a program consisting solely of base salary and...
Hastings base salary was only $650,000 with the bulk of his compensation from a grant of options valued at $42.4 million, according to a proxy statement filed with the SEC.
Sarandos, instead, received a base salary of $20 million and an option grant worth $18.3 million. He was named co-ceo last July, in addition to his role as chief content officer.
Netflix had a blowout 2020 as the quintessential stay-at-home stock as the world braved a global pandemic with Tiger King: Murder, Mayhem and Madness, The Queen’s Gambit and Bridgerton. On Tuesday, however, it reported lower than expected subscriber growth for the first quarter of 2021.
The company has an unusual approach to compensation with a program consisting solely of base salary and...
- 4/23/2021
- by Jill Goldsmith
- Deadline Film + TV
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