Ted Sarandos Greg Peters county Leslie Netflix awards 2020 and Ted Sarandos Greg Peters county Leslie

Netflix Co-CEOs Reed Hastings And Ted Sarandos Saw Compensation Dip In 2021

Reading now: 827
deadline.com

Netflix Co-CEOs Reed Hastings and Ted Sarandos each saw a slight dip in their total compensation in 2021 compared to 2020, according to a new SEC filing.The company’s preliminary proxy statement said Hastings made $40.8 million last year, compared with $43.2 million in 2020.

Sarandos collected $38.2 million, down from $39.3 million. Last December, Netflix had released guidance for executive compensation, as is its custom.

That outlook anticipated Hastings’ pay at $34 million, with Sarandos at $40 million.The co-heads of the company have different pay structures.

Sarandos earned a salary of $20 million, with most of the balance of his compensation coming in the form of option awards. Hastings, who co-founded the company, took a salary of $650,000, with an option award of more than $37 million.Chief Product Officer Greg Peters was the next-highest-paid Netflix exec, though his package also declined by about $400,000 to almost $20.4 million.Netflix’s stock price, which helps determine the value of executive pay packages, has been subdued of late.

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA