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Netflix Co-CEOs Ted Sarandos, Greg Peters Set to Each Receive Pay Packages Worth $40 Million in 2024

08.12.2023 - 22:27

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variety.com

variety.com:

Todd Spangler NY Digital Editor Netflix‘s board has approved 2024 pay packages of its top execs, with co-CEOs Ted Sarandos and Greg Peters each to receive compensation worth $40 million.

For Sarandos, it’s the same level of pay he is set to receive in 2023. Peters is getting a step-up from the $34.65 million in target compensation for this year.

Peters, formerly chief product officer and COO, was named co-CEO alongside Sarandos in January of 2023. Reed Hastings, who stepped aside as CEO earlier this year, remains executive chairman.

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