It said Hastings would receive $650,000 in base salary and stock options worth $34 million. In December, the compensation committee of Netflix’s board of directors said it expected 2023 pay would be in line with 2022. Starting in 2023, it said, it will cap co-CEO base salary at $3 million and require that 50% of allocatable pay be in stock options - although only with a one-year vesting period so not particularly long-term.Īnother unusual thing the company has done is to forecast how much its top executives will make in any given year before the year starts. Nudged by shareholders, the company said then it has been reexamining its pay policies. RELATED: Netflix Hikes Prices On Some Plans In U.S., UK & France (Hastings took almost all of his pay last year in stock options as he usually does.) Sarandos has tended to take cash, and saw a $20 million base salary. Netflix has famously allowed executives to choose how they want to be paid, in cash or stock. Hastings segued to executive chairman early this year with Sarandos and Greg Peters now co-CEOs. For 2022, Netflix co-CEOs last year - then Reed Hastings and Ted Sarandos, topped the list of chief executive pay, with about $50 million each, up 25% and 32%, respectively.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |