Netflix Co-CEOs Ted Sarandos, Reed Hastings Enjoy Massive 2020 Pay Packages
Brent Lang Executive Editor of Film and MediaIt was a good year to run a streaming service.Netflix co-CEOs Reed Hastings and Ted Sarandos earned $43.2 million and $39.3 million, respectively, in 2020, representing sizable pay increases for the two men.Hastings, who also serves as the company’s chairman, earned $38.6 million in 2019 and $36 million in 2018. Sarandos, who helped spearhead Netflix’s big push into original content, netted $34.7 million in 2019 and $29.6 million in the previous year.More than half of Sarandos’ compensation was in the form of his $20 million salary, while the bulk of Hastings’ pay came from $42 million in options.