thewrap.com
Ted Sarandos
Reed Hastings
Coronavirus
Netflix
2020
and
Ted Sarandos
Reed Hastings
Netflix CEOs Reed Hastings and Ted Sarandos to Receive No Pay Raise for 2021
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thewrap.com
thewrap.comthe Securities and Excahange Commission on Monday. Don’t worry, though, they’re still doing pretty well.Between their salaries and stock options, Hastings and Sarandos will both earn $34.65 million in 2021 — putting them on par with their 2020 pay, which was a 10% boost from the year prior.
Hastings will take home a $650,000 salary to go along with $34,000,000 in stock options, while Sarandos will earn a $20,000,000 salary and receive $14,650,000 in stock options.The filing comes after Netflix, thanks in large part to the coronavirus pandemic, enjoyed another big year in terms of subscriber growth.
Netflix added 28 million new accounts during the first 9 months of the year, putting the company easily on track to surpass the 29 million.
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