CEO Hastings earned $38.6 million last year, his chief content officer made $34.7 million
Netflix executives Reed Hastings and Ted Sarandos both made millions more in 2019 than they did in 2018.
The streaming giant’s founder and CEO, Hastings, tallied $38.6 million, according to an SEC filing — a $2.5 million increase from the previous year. Chief Content Officer Sarandos saw a $5.1 million bump to $34.7 million.
While Hastings has *only* paid himself $700,000 in salary over the past two years, Sarandos’ salary soared from $12 million to $18 million year over year.
Hastings’ money comes from options, where he made $37.4 million in 2019 — about $2 million more than he posted in 2018. A additional $465,000 or so came under the “all other compensation” heading.
Sarandos’ option awards were valued at $16.6 million for 2019, which is about $1 million less than 2018.
Netflix reported its Q1 2020 earnings on Tuesday. The company added a record 16 million subscribers in the quarter.
More to come…
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