Netflix co-CEOs Reed Hastings and Ted Sarandos each saw their compensation rise in 2020, as the pandemic pushed Netflix to new subscriber heights.
Hastings earned $43.2 million, compared tothe $38.6 million package that hemade in 2019. Meanwhile, Sarandos, who was named co-CEO over the summer, saw his pay package rise to $39.3 million, compared with the $34.7 million he made in 2019.
Hastings had a base salary of $650,000, with the rest of his compensation coming in the form of stock options. Sarandos, by contrast, had a base salary of $20 million, with another $18 million coming in the form of stock.
He also received nearly $1 million for security costs. Netflix disclosed the pay packages for other top executives as well. CFO Spencer.
Read more on hollywoodreporter.com
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